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 $772.02 per share on August 6, 2024.

Summary

• On August 6, 2024, Horizon Kinetics Asset Management LLC purchased 3 shares of Texas Pacific Land Corp (TPL) common stock.
• The purchase price was $772.02 per share.
• Following the transaction, Horizon Kinetics Asset Management LLC beneficially owns 1,085,104 shares directly.
• The reporting person, Horizon Kinetics Asset Management LLC, is 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, but does not exercise investment discretion.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of a transaction. The purchase of shares could be seen as slightly positive, but it's a small amount relative to their overall holdings.

Positives

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

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 provides transparency into the transactions of Horizon Kinetics Asset Management LLC, a major shareholder of Texas Pacific Land Corp.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder confidence due to the continued investment by a major shareholder.

Key Dates