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 $802.95 per share on July 22, 2024.

Summary

• On July 22, 2024, Horizon Kinetics Asset Management LLC acquired 3 shares of Texas Pacific Land Corp (TPL) common stock.
• The purchase price was $802.95 per share.
• Following the transaction, Horizon Kinetics Asset Management LLC beneficially owns 1,085,071 shares of TPL.
• The shares are directly owned.
• Murray Stahl does not exercise investment discretion with respect to the securities of the issuer.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports a transaction. There is no indication of positive or negative outlook.

Management Comments

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

Industry Context

This filing indicates ongoing investment activity by a major shareholder in Texas Pacific Land Corp, which can be relevant for assessing investor confidence and potential stock price movements.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders and major shareholders.
• The reported transaction is relatively small in volume compared to the total shares outstanding, but it provides insight into the investment strategy of Horizon Kinetics Asset Management LLC.

Stakeholder Impact

• The transaction may have a minor impact on shareholders by signaling continued investment interest from a major holder.

Key Dates