ARIS: Horizon Kinetics Discloses 2.1M Share Ownership in Schedule 13G

Rhea-AI Filing Summary

Horizon Kinetics Asset Management LLC filed a Schedule 13G disclosing a 6.4 % passive stake (2,095,604 common shares) in Aris Water Solutions, Inc. (ARIS) as of 17 Apr 2025, with the filing signed on 22 Jul 2025. Horizon Kinetics, a Delaware-organized investment adviser, reports sole voting and dispositive power over all shares; no shares are held jointly. The form is filed under Rule 13d-1(b) indicating the firm is an institutional investment adviser and is not seeking to influence control (Schedule 13G vs. 13D). No other members, subsidiaries, or control persons are identified, and the filing contains no financial performance data or transaction details beyond ownership levels.

The disclosure signals increased institutional ownership in ARIS above the 5 % threshold, a level that can affect float, governance proposals, and investor perception of liquidity. However, the filing states the holding is “in the ordinary course of business” with no intent to alter control, limiting immediate strategic implications.

Positive

• Institutional endorsement: Horizon Kinetics’ 6.4 % position signals confidence in ARIS and may attract additional long-term investors.

Negative

• None.

Insights

Securities Analyst

TL;DR: Horizon Kinetics’ 6.4 % passive stake raises institutional profile but lacks control ambitions; mildly supportive for ARIS valuation.

Horizon Kinetics adds ARIS to its concentrated value portfolios, surpassing the 5 % disclosure threshold. Passive 13G status reduces takeover or activist overtones, yet visibility from a long-horizon, research-driven manager can tighten float and improve sentiment among other institutions. With sole voting/dispositive power, Horizon can exit without coordination hurdles, so the stake could also introduce future selling pressure. Overall, the filing is incrementally positive for perception but not transformative for fundamentals.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Aris Water Solutions, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

04041L106

(CUSIP Number)

04/17/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 04041L106

1

Names of Reporting Persons

HORIZON KINETICS ASSET MANAGEMENT LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 2,095,604.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,095,604.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,095,604.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.4 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Aris Water Solutions, Inc.
(b)	Address of issuer's principal executive offices: 9651 KATY FREEWAY, SUITE 400, HOUSTON, TEXAS, 77024
Item 2.
(a)	Name of person filing: Horizon Kinetics Asset Management LLC
(b)	Address or principal business office or, if none, residence: 470 Park Ave. S, 8th FL S New York, New York 10016
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 04041L106
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 2,095,604
(b)	Percent of class: 6.4%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 2,095,604
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 2,095,604
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

HORIZON KINETICS ASSET MANAGEMENT LLC

Signature:	/s/Jay Kesslen
Name/Title:	General Counsel
Date:	07/22/2025

FAQ

How many Aris Water Solutions (ARIS) shares does Horizon Kinetics own?

The filing reports 2,095,604 common shares, representing 6.4 % of the outstanding class.

Is Horizon Kinetics seeking control of ARIS?

No. The stake is filed on Schedule 13G, indicating passive ownership with no intent to influence control.

What voting power does Horizon Kinetics have over its ARIS shares?

Horizon Kinetics holds sole voting and dispositive power over all 2,095,604 shares.

Why was the Schedule 13G filed on 22 July 2025?

The ownership threshold was crossed on 17 April 2025; SEC rules allow institutional advisers to file within 45 days after quarter-end, making 22 July timely.

Does this filing affect ARIS’s float or liquidity?

A 6.4 % stake reduces the freely tradable float modestly, potentially tightening liquidity and supporting the price if Horizon holds long term.