Form 4: Horizon Kinetics Asset Management Updates Stake in Texas Pacific Land Corp

Horizon Kinetics Asset Management LLC has updated its Schedule 13D filing, disclosing beneficial ownership of 1,271,975 shares in Texas Pacific Land Corp.

Summary

• Horizon Kinetics Asset Management LLC (HKAM) filed an amendment to its Schedule 13D on February 28, 2024.
• The filing indicates HKAM's beneficial ownership of 1,271,975 shares of Texas Pacific Land Corp.
• Murray Stahl has a direct interest in 2,474 shares and an indirect interest in approximately 53,550 shares.
• The extent of HKAM's pecuniary interest in the shares is disclosed in the filing.
• Mr. Stahl does not have investment discretion over the issuer's securities.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, and does not indicate any positive or negative sentiment.

Positives

• The filing provides transparency regarding the ownership stake of a major shareholder.

Risks

• Changes in ownership stakes can sometimes indicate shifts in investor sentiment or strategy.

Industry Context

This filing is a routine disclosure required by the SEC for significant ownership changes in publicly traded companies, and is a normal part of the investment landscape.

Comparison to Industry Standards

• Schedule 13D filings are standard practice for investors who acquire more than 5% of a company's stock.
• The level of detail provided in this filing is consistent with regulatory requirements.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership structure of the company.

Key Dates

Keywords

Texas Pacific Land Corp, Horizon Kinetics Asset Management, Schedule 13D, beneficial ownership, shareholding, investment