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 at $592.02 per share, resulting in a total beneficial ownership of 1,084,956 shares.

Summary

• On April 25, 2024, Horizon Kinetics Asset Management LLC (HKAM) purchased 3 shares of Texas Pacific Land Corp (TPL) at a price of $592.02 per share.
• Following this transaction, HKAM's direct beneficial ownership of TPL shares increased to 1,084,956 shares.
• The transaction was reported in a Form 4 filing with the SEC.
• Murray Stahl's direct interest is 2,474 shares and his indirect interest is approximately 53,550 shares.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is neither particularly positive nor negative.

Positives

• The increased holding by Horizon Kinetics Asset Management LLC could be interpreted as a positive signal regarding their confidence in Texas Pacific Land Corp.

Management Comments

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

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of significant shareholders and insiders.

Stakeholder Impact

• The transaction may have a minor impact on shareholder sentiment, depending on how the market interprets the increased holding by Horizon Kinetics Asset Management LLC.

Key Dates