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 $586.93 per share on April 16, 2024, resulting in beneficial ownership of 1,084,935 shares.

Summary

• On April 16, 2024, Horizon Kinetics Asset Management LLC (HKAM) purchased 3 shares of Texas Pacific Land Corp (TPL) at a price of $586.93 per share.
• Following this transaction, HKAM's beneficial ownership in TPL amounts to 1,084,935 shares.
• Murray Stahl, Chairman, CEO, and Chief Investment Manager of HKAM, has a controlling interest in partnerships and other accounts totaling 439,059 shares.
• Mr. Stahl's 10b5-1 plan, adopted on September 14, 2023, ended on April 15, 2024.
• Mr. 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 convey strong positive or negative sentiment, focusing on factual reporting.

Management Comments

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

Industry Context

This Form 4 filing indicates a change in beneficial ownership of Texas Pacific Land Corp, which is relevant to investors tracking significant shareholders and their trading activity. Monitoring these filings provides insights into the sentiment and actions of major stakeholders.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in ownership.

Key Dates