[SCHEDULE 13G] Tejon Ranch Co. SEC Filing

Rhea-AI Filing Summary

Horizon Kinetics Asset Management LLC (HKAM) has filed a Schedule 13G disclosing a passive 6.1% stake in Tejon Ranch Co. (TRC). The filing, triggered by an event dated 05/29/2025 and signed 07/23/2025, reports beneficial ownership of 1,647,497 common shares (CUSIP 879080109). HKAM, a Delaware-organized investment adviser, holds sole voting and dispositive power over the entire position and reports no shared power, group affiliation, or plans to influence control, consistent with the 13G’s passive intent.

• Issuer address: 4436 Lebec Rd., Lebec, CA 93243.
• Reporting person address: 470 Park Ave. S, 8th FL S, New York, NY 10016.
• Item 4 confirms ownership details; Items 5-9 note no group activity or special arrangements.

The disclosure signals additional institutional interest in TRC but, because it is a passive filing, does not imply impending strategic actions.

Insights

Portfolio Manager

TL;DR – HKAM’s 6.1% passive stake adds institutional support but does not alter TRC’s control dynamics.

Horizon Kinetics’ ownership of 1.65 million TRC shares places the manager above the 5% reporting threshold, indicating meaningful—but not controlling—exposure. The sole voting/dispositive authority suggests internal, rather than client-directed, positioning. Because the filing is on Schedule 13G, HKAM affirms no activist intent, limiting immediate governance impact. Nonetheless, a respected value-oriented manager accumulating over 6% can enhance market liquidity and may be viewed as a confidence signal by other investors. From a portfolio standpoint this is incrementally positive but not transformative and therefore only moderately impactful.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

TEJON RANCH CO

(Name of Issuer)

Common Stock

(Title of Class of Securities)

879080109

(CUSIP Number)

05/29/2025

(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. 879080109

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 1,647,497.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,647,497.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,647,497.00

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)

6.1 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: TEJON RANCH CO
(b)	Address of issuer's principal executive offices: 4436 LEBEC ROAD, PO BOX 1000, LEBEC, CALIFORNIA, 93243
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.: 879080109
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: 1,647,497
(b)	Percent of class: 6.1%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,647,497
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1,647,497
	(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:	07/23/2025