SCHEDULE 13D

CUSIP No.

514952100

Name of reporting person

HORIZON KINETICS ASSET MANAGEMENT LLC

Check the appropriate box if a member of a Group (See Instructions)

(a)

(b)

SEC use only

Source of funds (See Instructions)

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

Checkbox not checked

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 5,401,647.00
8	Shared Voting Power
9	Sole Dispositive Power 5,401,647.00
10	Shared Dispositive Power

Aggregate amount beneficially owned by each reporting person

5,401,647.00

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in Row (11)

23.2 %

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person:

As per LandBridge's (LB) press release dated December 20, 2024, LB closed the previously-announced private placement of Class A shares representing limited liability company interests at a price of $60.03. As a result, Horizon Kinetics Asset Management LLC's ownership decreased.

SCHEDULE 13D

Item 1.

Security and Issuer

(a)

Title of Class of Securities:

Class A Shares Representing Limited Liability Company Interests

(b)

Name of Issuer:

LandBridge Co LLC

(c)

Address of Issuer's Principal Executive Offices:

5555 SAN FELIPE STREET, SUITE 1200, 5555 SAN FELIPE STREET, SUITE 1200, HOUSTON, TEXAS , 77056.

Item 2.

Identity and Background

(a)

Horizon Kinetics Asset Management LLC (HKAM)

(b)

470 Park Ave S New York, NY 10016

(c)

Investment Advisor

(d)

n/a

(e)

n/a

(f)

United States of America

Item 3.

Source and Amount of Funds or Other Consideration

Item 4.

Purpose of Transaction

HKAM has purchased shares for investment purposes.

Item 5.

Interest in Securities of the Issuer

(a)

As of the close of business on December 19, 2024, HKAM owned 5,401,647 shares, or approximately 23.20%.

(b)

5,401,647

(c)

HKAMs transactions in the shares are set forth in Exhibit 99-1 and are incorporated herein by reference.

(d)

n/a

(e)

n/a

Item 6.

Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer

n/a

Item 7.

Material to be Filed as Exhibits.

Exhibit A

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:	Jay Kesslen, General Counsel
Date:	12/23/2024