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 $822.62 per share on July 15, 2024, leaving them with beneficial ownership of 1,085,056 shares.

Summary

• On July 15, 2024, Horizon Kinetics Asset Management LLC purchased 3 shares of Texas Pacific Land Corp (TPL) common stock.
• The purchase price was $822.62 per share.
• Following the transaction, Horizon Kinetics Asset Management LLC beneficially owns 1,085,056 shares of TPL.
• The reporting person, Horizon Kinetics Asset Management LLC, is a 10% owner of Texas Pacific Land Corp.
• Murray 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 inherently convey positive or negative sentiment, but rather provides factual information about a change in ownership.

Management Comments

• Murray 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 when insiders or significant shareholders of a publicly traded company buy or sell shares. This filing indicates a change in ownership by a major shareholder, Horizon Kinetics Asset Management LLC.

Stakeholder Impact

• The transaction may have a minor impact on shareholders as it reflects a change in ownership by a major shareholder.

Key Dates