Horizon Kinetics Amends Texas Pacific Land Stake

Ticker: TPL · Form: SC 13D/A · Filed: 2024-02-28T00:00:00.000Z

Sentiment: neutral

Topics: insider-ownership, amendment, institutional-investor

TL;DR

**Horizon Kinetics just updated their stake in Texas Pacific Land Corp, watch for potential shifts.**

AI Summary

Horizon Kinetics Asset Management LLC filed an Amendment No. 7 to its Schedule 13D on February 28, 2024, regarding its ownership in Texas Pacific Land Corporation. The filing indicates a change in beneficial ownership, with Horizon Kinetics LLC, located at 470 Park Avenue South, New York, NY, continuing to be the reporting person. The CUSIP number for Texas Pacific Land Corporation's Common Stock is 88262P102.

Why It Matters

This filing updates the public on a significant institutional investor's position in Texas Pacific Land Corporation, potentially signaling changes in investment strategy or ownership structure.

Risk Assessment

Risk Level: low — This is an amendment to a standard disclosure form, indicating a change in ownership rather than a new, high-risk event.

Key Players & Entities

FAQ

What is the purpose of this SC 13D/A filing?

This SC 13D/A filing is Amendment No. 7 to a Schedule 13D, indicating a change in the information previously reported regarding beneficial ownership of Texas Pacific Land Corporation by Horizon Kinetics Asset Management LLC.

Who is the subject company of this filing?

The subject company of this filing is Texas Pacific Land Corporation, with CIK 0001811074 and CUSIP 88262P102 for its Common Stock.

Who is the reporting person in this SC 13D/A?

The reporting person in this SC 13D/A is Horizon Kinetics Asset Management LLC (formerly Horizon Asset Management LLC), with CIK 0001056823.

What is the business address of the reporting person?

The business address of Horizon Kinetics Asset Management LLC is 470 Park Avenue South, 4th Floor South, New York, NY 10016.

What is the CUSIP number for the class of securities involved?

The CUSIP number for the Common Stock of Texas Pacific Land Corporation, the class of securities involved, is 88262P102.

From the Filing

0001056823-24-000012.txt : 20240228 0001056823-24-000012.hdr.sgml : 20240228 20240228154403 ACCESSION NUMBER: 0001056823-24-000012 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240228 DATE AS OF CHANGE: 20240228 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Texas Pacific Land Corp CENTRAL INDEX KEY: 0001811074 STANDARD INDUSTRIAL CLASSIFICATION: OIL ROYALTY TRADERS [6792] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 750279735 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-91958 FILM NUMBER: 24694739 BUSINESS ADDRESS: STREET 1: 1700 PACIFIC AVENUE STREET 2: SUITE 2900 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 214-969-5530 MAIL ADDRESS: STREET 1: 1700 PACIFIC AVENUE STREET 2: SUITE 2900 CITY: DALLAS STATE: TX ZIP: 75201 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HORIZON KINETICS ASSET MANAGEMENT LLC CENTRAL INDEX KEY: 0001056823 ORGANIZATION NAME: IRS NUMBER: 133776334 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 470 PARK AVENUE SOUTH STREET 2: 4TH FLOOR SOUTH CITY: NEW YORK STATE: NY ZIP: 10016 BUSINESS PHONE: 646-495-7347 MAIL ADDRESS: STREET 1: 470 PARK AVENUE SOUTH STREET 2: 4TH FLOOR SOUTH CITY: NEW YORK STATE: NY ZIP: 10016 FORMER COMPANY: FORMER CONFORMED NAME: HORIZON ASSET MANAGEMENT LLC DATE OF NAME CHANGE: 20130813 FORMER COMPANY: FORMER CONFORMED NAME: HORIZON ASSET MANAGEMENT INC/NY DATE OF NAME CHANGE: 19990319 SC 13D/A 1 formsc13da.htm Horizon Kinetics LLC: Form SC 13D/A - Filed by newsfilecorp.com UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 7) TEXAS PACIFIC LAND CORPORATION (Name of Issuer) Common Stock (Title of Class of Securities) 88262P102 (CUSIP Number) Jay Kesslen c/o Horizon Kinetics LLC 470 Park Avenue South New York, NY 10016 646-867-1176 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) February 26, 2024 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d -1(e), 240.13d -1(f) or 240.13d -1(g), check the following box. ☐ Note : Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule.13d-7 for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). 1 Name of Reporting Persons   Horizon Kinetics Asset Management LLC 2 Check the Appropriate Box if a Member of a Group   (A):   ☐ (B):   ☐ 3 SEC Use Only     4 Source of Funds   WC 5 Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(D) or 2(E)   ☐ 6 Citizenship or Place of Organization   Delaware Number of Shares Beneficially Owned by Each Reporting Person with 7 Sole Voting Power   1,271,975 8 Shared Voting Power     9 Sole Dispositive Power   1,271,975 10 Shared Dispositive Power     11 Aggregate Amount Beneficially Owned by Each Reporting Person   1,271,975 12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares   &#974

View on Read The Filing