Form 4: Horizon Kinetics Discloses TPL Stake Changes
Statement of Changes in Beneficial Ownership
Horizon Kinetics Asset Management LLC reports a transaction involving Texas Pacific Land Corp. common stock.
Summary
- Horizon Kinetics Asset Management LLC (HKAM) reported a transaction on May 12, 2026, involving Texas Pacific Land Corp. (TPL) common stock.
- HKAM acquired 1 share of common stock at a price of $393.71.
- Following this transaction, HKAM beneficially owns 3,395,610 shares of TPL common stock directly.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it reports a minor transaction without significant strategic implications or financial performance data.
Positives
- Horizon Kinetics Asset Management LLC continues to hold a significant direct beneficial ownership of Texas Pacific Land Corp. common stock.
Negatives
- The filing indicates a single share acquisition, which is a very small transaction relative to the total holdings.
Future Outlook
No specific future outlook or guidance is provided in this Form 4 filing.
Industry Context
StockSavvy.ai notes that Form 4 filings are crucial for tracking insider and significant shareholder activity, providing transparency into ownership changes and potential shifts in investment strategy for companies like Texas Pacific Land Corp.
Stakeholder Impact
- Shareholders: Provides transparency on a significant holder's (Horizon Kinetics Asset Management LLC) direct ownership level in Texas Pacific Land Corp.
Key Dates
| Date | Description |
|---|---|
| 05/07/2026 | Horizon Kinetics Asset Management LLC filed an amendment to its Schedule 13D reporting beneficial ownership of 10,109,933 shares. |
| 05/12/2026 | Transaction date for the acquisition of common stock. |
| 05/13/2026 | Date of signature for the Form 4 filing. |
Keywords
Texas Pacific Land Corp, TPL, Horizon Kinetics Asset Management LLC, Form 4, Beneficial Ownership, Securities Transaction
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