13D Filing: Horizon Asset Management and Texas Pacific Land Trust (TPL)

Page 4 of 12

Page 4 of 12 – SEC Filing


1. Names of Reporting Persons.
 Kinetics Asset Management LLC
 13-3878346
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
7. Sole Voting Power
   784,695
Number of Shares
Beneficially 8. Shared Voting Power
Owned by
Each Reporting
Person With: 9. Sole Dispositive Power
   784,695
10. Shared Dispositive Power
11.

Aggregate Amount Beneficially Owned by Each Reporting Person

784,695

12.

Check if the Aggregate Amount in Row (11) Excludes Certain
Shares
[   ]

13.

Percent of Class Represented by Amount in Row (11)

10.0%

14.

Type of Reporting Person
IA

Follow Texas Pacific Land Trust (NYSE:TPL)

Page 4 of 12