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) at $608.32 per share on May 23, 2024, resulting in a total beneficial ownership of 1,085,016 shares.

Summary

• On May 23, 2024, Horizon Kinetics Asset Management LLC purchased 3 shares of Texas Pacific Land Corp (TPL) at a price of $608.32 per share.
• Following this transaction, Horizon Kinetics Asset Management LLC's direct beneficial ownership of TPL common stock amounts to 1,085,016 shares.
• The reporting person, Horizon Kinetics Asset Management LLC, is considered a 10% owner of Texas Pacific Land Corp.
• Murray Stahl has a direct interest in 2,474 shares and an indirect interest in approximately 53,550 shares.
• Mr. Stahl does not exercise investment discretion with respect to the securities of the issuer.

Sentiment

Score: 5

Explanation: The document is a routine transaction report, so the sentiment is neutral.

Positives

• The document indicates continued investment by Horizon Kinetics Asset Management LLC in Texas Pacific Land Corp.

Management Comments

• Mr. 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 for insiders and significant shareholders, providing transparency into their transactions in the company's stock.

Stakeholder Impact

• The transaction provides shareholders with information about the investment activities of a major shareholder.

Key Dates