Schedule 13G filing: Horizon Kinetics Asset Management LLC (HKAM), a Delaware-based investment adviser, reports beneficial ownership of 5,498,925 Class A shares of LandBridge Co LLC (CUSIP 514952100) as of 06/30/2025.
The holding equals 23.6 % of the outstanding class. HKAM has sole voting and dispositive power over the entire block; no shared power is disclosed. The firm certifies the shares were “acquired and are held in the ordinary course of business” and “not held for the purpose of changing or influencing control,” allowing the position to be reported on a passive Schedule 13G under Rule 13d-1(b). This filing supersedes HKAM’s prior Schedule 13D for the same stake.
With the switch to a 13G, HKAM is formally designated as an Investment Adviser (Type IA) filer. No group status, subsidiaries, or additional beneficial owners are reported. Signature: Jay Kesslen, General Counsel, dated 07/23/2025.