SCHEDULE 13D/A
0001056823-21-000007
0001056823
XXXXXXXX
LIVE
8
Common Stock
12/16/2024
false
0001811074
88262P102
Texas Pacific Land Corp
1700 PACIFIC AVENUE
1700 PACIFIC AVENUE
DALLAS
TX
75201
Jay Kesslen
646-867-1176
470 Park Ave S
8th Fl S
New York
NY
10016
0001056823
N
HORIZON KINETICS ASSET MANAGEMENT LLC
WC
N
DE
3578173.00
3578173.00
3578173.00
N
15.6
IA
The following constitutes Amendment No. 8 to the Schedule 13D filed by the undersigned (Amendment No. 8). This Amendment No. 8 amends, supplements and to the extent inconsistent with, supersedes the initial Schedule 13D filed with the Securities and Exchange Commission (the SEC) on January 12, 2021, as amended by Amendment No. 1 filed with the SEC on February 2, 2022, Amendment No. 2 filed with the SEC on January 27, 2023, Amendment No. 3 filed with the SEC on August 1, 2023, Amendment No. 4 filed with the SEC on December 6, 2023, Amendment No 5 filed with the SEC on February 5, 2024, and Amendment No 6 filed with the SEC on February 7, 2024, Amendment No 7 filed with the SEC on February 28, 2024 (Amendment No. 7 and, collectively with the initial Schedule 13D filed on January 12, 2021 and each subsequent amendment thereto, the Schedule 13D).
On March 27, 2024, the Issuer effectuated a split of its common stock 3-for-1, so the figures reported in the prior Schedule 13D, filed on February 28, 2024, should be deemed to have been multiplied by 3 as of such date.
0000088000
N
Horizon Kinetics Holding Corp
AF
N
DE
3578173.00
3578173.00
3578173.00
N
15.6
HC
On August 1, 2024, Horizon Kinetics LLC merged with Scott's Liquid Gold-Inc which was renamed Horizon Kinetics Holding Corporation (HKHC). As such, Horizon Kinetics Asset Management LLC (HKAM) became a wholly owned subsidiary of HKHC.
HKHC may be deemed to beneficially own the 3,578,173 shares beneficially owned by HKAM. HKHC has not entered into any separate transactions in the shares following the filing of Amendment No. 7 other than those listed below under Schedule A by HKAM.
On March 27, 2024, the Issuer effectuated a split of its common stock 3-for-1, so the figures reported in the prior Schedule 13D, filed on February 28, 2024, should be deemed to have been multiplied by 3 as of such date.
0001207097
N
STAHL MURRAY
WC
N
X1
7848.00
3578173.00
7848.00
3578173.00
N
15.6
IN
On March 27, 2024, the Issuer effectuated a split of its common stock 3-for-1, so the figures reported in the prior Schedule 13D, filed on February 28, 2024, should be deemed to have been multiplied by 3 as of such date.
Common Stock
Texas Pacific Land Corp
1700 PACIFIC AVENUE
1700 PACIFIC AVENUE
DALLAS
TX
75201
Item 2 is hereby amended and restated in its entirety to read as follows:
(i) Horizon Kinetics Asset Management LLC (HKAM), a Delaware limited liability company and a wholly owned subsidiary of Horizon Kinetics Holding Corporation (HKHC), a Delaware corporation, with respect to the shares directly and beneficially owned by it;
(ii) HKHC (together with HKAM) with respect to the shares directly and beneficially owned by it; and
(iii) Murray Stahl, with respect to the shares directly and beneficially owned by him.
Each of the foregoing is referred to as a Horizon Reporting Person and collectively as the Horizon Reporting Persons.
The business address for HKAM is 470 Park Ave S, 8th Fl S, New York, NY 10016.
HKHC, through its wholly owned registered investment adviser, HKAM, acts as a discretionary investment manager on behalf of its clients, who maintain beneficial interest in TPL. In addition, HKHC and its principals maintain ownership of TPL by virtue of investments in certain accounts, including proprietary accounts. Mr. Stahl is HKHC's Chief Executive Officer, Chairman of the Board and serves as Chief Investment Officer.
no
no
Mr. Stahl is a citizen of the United States of America.
Item 3 is hereby amended and restated to include the following:
HKAM used client assets to purchase shares on behalf of its clients, and its own working capital to purchase shares for its proprietary accounts, which has included funds deposited by its personnel.
Mr. Stahl has a direct ownership interest in 7,848 shares, all of which were purchased with personal funds. Mr. Stahl has an indirect ownership interest in approximately 156,083 shares. The shares were purchased with funds from the accounts that purchased such shares, which includes funds deposited by other investors including Mr. Stahl. In connection with Mr. Stahl's service on the TPL Board of Directors, Mr. Stahl has been awarded 657 shares to date.
On March 27, 2024, the Issuer effectuated a split of its common stock 3-for-1, so the figures reported in the prior Schedule 13D filed on February 28, 2024, should be deemed to have been multiplied by 3 as of such date.
Item 5 is hereby amended and restated in its entirety to read as follows
Percentages of the shares outstanding reported are calculated based upon the 22,974,914 Shares outstanding as of October 31 2024, as reported in TPL's current Form 10-Q for the period ended September 30, 2024, filed with the SEC on November 8 2024.
As of the close of business on December 16, 2024, HKAM beneficially owned 3,578,173 Shares.
Percentage: Approximately 15.57%
HKAM's Sole Power to Vote is 3,578,173 shares.
The transactions in the shares of HKAM following the filing of Amendment No. 8 are set forth in Schedule A and are incorporated herein by reference.
This Schedule 13D does not include approximately 80,036 Shares held personally by senior portfolio managers of HKAM.
The right to dividends from, or proceeds from the sale of such shares resides with the beneficial owners of such accounts, and HKAM with respect to its proprietary accounts.
n/a
n/a
HORIZON KINETICS ASSET MANAGEMENT LLC
/s/Jay Kesslen
12/18/2024
Horizon Kinetics Holding Corp
/s/Jay Kesslen
12/18/2024
STAHL MURRAY
/s/Jay Kesslen
12/18/2024