Form 4: Horizon Kinetics Asset Management LLC Reports Transaction in Texas Pacific Land Corp (TPL)

Horizon Kinetics Asset Management LLC reports the purchase of 3 shares of Texas Pacific Land Corp (TPL) common stock at $612.13 per share on May 29, 2024, resulting in a total beneficial ownership of 1,085,025 shares.

Summary

• On May 29, 2024, Horizon Kinetics Asset Management LLC (HKAM) purchased 3 shares of Texas Pacific Land Corp (TPL) common stock.
• The purchase price was $612.13 per share.
• Following the transaction, HKAM's beneficial ownership of TPL shares totaled 1,085,025 shares.
• Murray Stahl's direct interest includes 2,474 shares and his indirect interest includes approximately 53,550 shares.
• Mr. Stahl does not exercise investment discretion with respect to the securities of the issuer.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports a transaction and ownership details.

Management Comments

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

Industry Context

This filing indicates ongoing activity in Texas Pacific Land Corp shares by a significant shareholder, Horizon Kinetics Asset Management LLC, which is relevant to investors tracking major ownership positions and potential market movements.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in ownership percentage, but it is unlikely to be significant.

Key Dates