Horizon Kinetics’ Thesis For Texas Pacific Land Trust (TPL) Stock

Horizon Kinetics LLC, a New York-based investment advisory firm founded in 1994, released its Q3 2020 Commentary – a copy of which is available for download here. It has over 70 employees and is led by Murray Stahl. Its investment strategy is long-term and contrarian oriented, and the fund usually holds a concentrated portfolio with original stock picks.

In the said letter, Horizon Kinetics highlighted a few stocks and Texas Pacific Land Trust (NYSE:TPL) is one of them. Texas Pacific Land...