Form 4: Horizon Kinetics Asset Management LLC Reports Share Purchase in Texas Pacific Land Corp

Horizon Kinetics Asset Management LLC has reported the purchase of 3 shares of Texas Pacific Land Corp common stock.

Summary

• Horizon Kinetics Asset Management LLC (HKAM) filed a Form 4 disclosing a purchase of 3 shares of Texas Pacific Land Corp (TPL) common stock on December 12, 2024.
• The purchase was made at a price of $1,149.85 per share.
• Following the transaction, HKAM's total direct ownership of TPL shares is 1,138,510.
• The filing also references a previous Schedule 13D amendment from February 28, 2024, which noted HKAM's beneficial ownership of 1,271,975 shares, Murray Stahl's direct interest in 2,474 shares, and his indirect interest in approximately 53,550 shares.

Sentiment

Score: 5

Explanation: The document is a neutral transaction report, not indicative of positive or negative sentiment. It is a routine filing.

Industry Context

This filing is a routine disclosure of a transaction by a major shareholder and is typical for companies with significant institutional ownership. It provides transparency into the trading activities of insiders and large investors.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders and large shareholders in publicly traded companies.
• The transaction is small in the context of the total shares owned by HKAM, suggesting it is not a major shift in their investment strategy.
• Other large shareholders of TPL would also be expected to file similar forms when they make transactions.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders due to the small number of shares involved.

Key Dates

Keywords

Texas Pacific Land Corp, TPL, Horizon Kinetics Asset Management, HKAM, Form 4, Beneficial Ownership, Share Purchase, SEC Filing