Form 4: Horizon Kinetics Asset Management LLC Reports Transaction in Texas Pacific Land Corp Shares

Horizon Kinetics Asset Management LLC reports purchasing 3 shares of Texas Pacific Land Corp stock at $587.81 per share on April 23, 2024, resulting in a total beneficial ownership of 1,084,950 shares.

Summary

• On April 23, 2024, Horizon Kinetics Asset Management LLC purchased 3 shares of Texas Pacific Land Corp (TPL) common stock.
• The purchase price was $587.81 per share.
• Following the transaction, Horizon Kinetics Asset Management LLC beneficially owns 1,084,950 shares of TPL.
• The filing indicates that Horizon Kinetics Asset Management LLC is a 10% owner of Texas Pacific Land Corp.
• Murray Stahl does not exercise investment discretion with respect to the securities of the issuer.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a transaction. It doesn't inherently convey positive or negative sentiment.

Management Comments

• Murray Stahl does not exercise investment discretion with respect to the securities of the issuer.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders or significant shareholders of a publicly traded company buy or sell shares. This filing indicates a change in Horizon Kinetics Asset Management LLC's holdings in Texas Pacific Land Corp.

Stakeholder Impact

• The transaction may have a minor impact on shareholders, potentially influencing market perception of Texas Pacific Land Corp.

Key Dates