Follow-The-Filings

Featured 13F manager

Horizon Kinetics Asset Management LLC Murray Stahl

New York, NY 21 processed 13Fs on this site · 2021 Q3–2026 Q2

  • $8.8B
  • 348 Positions
  • 2026 Q2
  • −4.5% QoQ
  • Top 5 66.8%

Portfolio

2026 Q2 · filed 8/11/2026 · 348 long · top 12 shown

top 5 66.8% · top 10 77.5%

AUM over time

2026 Q2 $8.8B −4.5% QoQ
2021 Q3 · $4.3B 2021 Q3 · $4.3B
Q3 2021
2021 Q4 · $4.5B · +6.1% QoQ 2021 Q4 · $4.5B · +6.1% QoQ
Q4
2022 Q1 · $5B · +9.3% QoQ 2022 Q1 · $5B · +9.3% QoQ
Q1 2022
2022 Q2 · $4.8B · −3.8% QoQ 2022 Q2 · $4.8B · −3.8% QoQ
Q2
2022 Q3 · $5B · +4.0% QoQ 2022 Q3 · $5B · +4.0% QoQ
Q3
2022 Q4 · $5.9B · +19.0% QoQ 2022 Q4 · $5.9B · +19.0% QoQ
Q4
2023 Q1 · $5.2B · −11.9% QoQ 2023 Q1 · $5.2B · −11.9% QoQ
Q1 2023
2023 Q2 · $4.6B · −10.8% QoQ 2023 Q2 · $4.6B · −10.8% QoQ
Q2
2023 Q3 · $5B · +8.7% QoQ 2023 Q3 · $5B · +8.7% QoQ
Q3
2023 Q4 · $4.8B · −5.4% QoQ 2023 Q4 · $4.8B · −5.4% QoQ
Q4
2024 Q1 · $5.3B · +10.7% QoQ 2024 Q1 · $5.3B · +10.7% QoQ
Q1 2024
2024 Q2 · $5.7B · +8.2% QoQ 2024 Q2 · $5.7B · +8.2% QoQ
Q2
2024 Q3 · $6.7B · +16.8% QoQ 2024 Q3 · $6.7B · +16.8% QoQ
Q3
2024 Q4 · $8B · +20.2% QoQ 2024 Q4 · $8B · +20.2% QoQ
Q4
2025 Q1 · $8.8B · +9.7% QoQ 2025 Q1 · $8.8B · +9.7% QoQ
Q1 2025
2025 Q2 · $8.4B · −4.3% QoQ 2025 Q2 · $8.4B · −4.3% QoQ
Q2
2025 Q3 · $8.2B · −2.7% QoQ 2025 Q3 · $8.2B · −2.7% QoQ
Q3
2025 Q4 · $7.4B · −9.9% QoQ 2025 Q4 · $7.4B · −9.9% QoQ
Q4
2026 Q1 · $9.2B · +24.9% QoQ 2026 Q1 · $9.2B · +24.9% QoQ
Q1 2026
2026 Q2 · $8.8B · −4.5% QoQ 2026 Q2 · $8.8B · −4.5% QoQ
Q2

Book

2021 Q4 2021 Q3 · filed 15 Feb · long equity

TPL - Texas Pacific Land 41.72% Reduce −1.4% 1,517,455 $1,249 $1.9B −21,648 +$34M
FNV - Franco Nevada 2.99% Add +3.7% 983,505 $138.29 $136M +35,220 +$13M
WPM - Wheaton Precious Metals 2.93% Add +3.4% 3,102,710 $42.93 $133M +101,355 +$20M
BN - Brookfield Asset Mgmt · CL A 2.76% Add +3.2% 2,078,135 $60.38 $125M +64,059 +$18M
CACI - Caci Intl · CL A 2.75% Add +2.2% 463,342 $269.21 $125M +10,077 +$6M
ICE - Intercontinental Exchange 2.62% Add +5.7% 871,399 $136.77 $119M +46,848 +$25M
CRL - Charles Riv Labs Intl 1.89% Add +9.4% 227,306 $376.78 $86M +19,514 −$105K
HHH - Howard Hughes 1.64% Reduce −4.0% 732,878 $101.78 $75M −30,865 +$8M
LYV - Live Nation Entertainment 1.62% Reduce −3.1% 613,121 $119.69 $73M −19,371 +$16M
CVEO - Civeo Cda 1.47% Add +0.2% 3,488,642 $19.17 $67M +5,516 −$11M
SVXY - Proshares Tr Ii 1.29% Reduce −15.6% 955,236 $61.55 $59M −176,660 −$3M
MSB - Mesabi Tr 1.24% Add +8.0% 2,129,746 $26.42 $56M +158,317 −$2M
CBOE - Cboe Global Markets 1.20% Reduce −2.4% 418,430 $130.40 $55M −10,243 +$1M
Associated Cap Group · CL A 1.19% Reduce −0.6% 1,253,567 $43.00 $54M −7,951 +$7M
ADM - Archer Daniels Midland 1.15% Add +11.7% 774,164 $67.59 $52M +80,916 +$11M
CME - CME Group 1.06% Add +4.4% 210,922 $228.46 $48M +8,798 +$9M
AN - Autonation 1.00% Reduce −0.9% 386,970 $116.85 $45M −3,612 −$2M
Liberty Media Del 0.92% Reduce −2.6% 817,417 $50.85 $42M −21,717 +$2M
LBRDA - Liberty Broadband 0.85% Reduce −4.1% 240,915 $161.10 $39M −10,287 −$5M
WEN - Wendys 0.82% Reduce −9.8% 1,564,326 $23.85 $37M −169,243 −$275K
Sandstorm Gold 0.75% Add +1.2% 5,462,621 $6.20 $34M +63,919 +$3M
SAIC — 0.74% Add +0.1% 404,770 $83.59 $34M +304 −$771K
WST - West Fraser Timber 0.74% Add +17.6% 351,531 $95.36 $34M +52,525 +$8M
Viper Energy Partners 0.73% Add +15.0% 1,565,804 $21.31 $33M +204,257 +$4M
MMC - Marsh & Mclennan Cos 0.72% Add +17.6% 186,873 $173.82 $32M +27,905 +$8M
CBRE - CBRE Group · CL A 0.68% Add +17.7% 284,164 $108.51 $31M +42,810 +$7M
Brigham Minerals · CL A 0.67% Add +16.5% 1,442,498 $21.09 $30M +204,245 +$7M
WY - Weyerhaeuser 0.62% Add +16.0% 683,397 $41.18 $28M +94,385 +$7M
IEP - Icahn Enterprises 0.58% Reduce −5.9% 528,318 $49.59 $26M −32,896 −$2M
PAG - Penske Automotive Grp 0.58% Reduce −2.4% 243,917 $107.22 $26M −5,957 +$1M
Ihs Markit 0.57% Reduce −1.6% 195,052 $132.92 $26M −3,221 +$3M
VRSK - Verisk Analytics · CL A 0.56% Add +16.6% 110,775 $228.73 $25M +15,797 +$6M
JOE - The Saint Joe 0.52% Add +69.5% 450,512 $52.05 $23M +184,660 +$12M
NTR - Nutrien 0.48% Add +15.5% 291,023 $75.20 $22M +39,003 +$6M
DMLP - Dorchester Minerals 0.46% Add +4.1% 1,050,434 $19.79 $21M +41,093 +$1M
Liberty Media Del 0.45% Reduce −1.2% 401,782 $50.85 $20M −5,015 +$1M
CNS - Cohen & Steers 0.45% Add +12.0% 219,625 $92.51 $20M +23,464 +$4M
IPAR - Inter Parfums 0.44% Reduce −0.8% 188,847 $106.90 $20M −1,464 +$6M
Osisko Gold Royalties 0.43% Add +17.3% 1,600,182 $12.25 $20M +235,740 +$4M
OSK - Oshkosh 0.40% Reduce −2.1% 162,275 $112.71 $18M −3,522 +$1M
ELS - Equity Lifestyle Pptys 0.40% Reduce −3.1% 207,371 $87.66 $18M −6,659 +$1M
BRK.B - Berkshire Hathaway · CL B 0.37% Reduce −2.7% 56,469 $299.00 $17M −1,584 +$1M
RGLD - Royal Gold 0.36% Reduce −2.8% 153,977 $105.21 $16M −4,450 +$1M
PYPL - Paypal 0.33% Reduce −1.3% 78,599 $188.58 $15M −1,056 −$6M
MA - Mastercard · CL A 0.31% Reduce −0.2% 39,631 $359.31 $14M −99 +$427K
TRC - Tejon Ranch Del 0.31% Add +79.1% 744,662 $19.08 $14M +328,767 +$7M
BA - Boeing 0.31% Reduce −11.6% 69,394 $201.31 $14M −9,090 −$3M
Liberty Media Del 0.30% Reduce −1.2% 215,068 $63.24 $14M −2,565 +$2M
EBAY - EBAY Inc 0.27% Reduce 0.0% 182,213 $66.50 $12M −55 −$582K
RPRX - Royalty Pharma · CLASS A 0.25% Add +17.6% 282,537 $39.85 $11M +42,209 +$3M

Showing top 50 of 335 by value

Exits / last held

not current holdings · last reported size, unchanged · gone vs 2021 Q3

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
LNG - Cheniere Energy 1.16% Exit 0 $97.67 $50M −508,720 −$50M
Pimco Income Opportunity Fd 0.04% Exit 0 $24.51 $2M −65,861 −$2M
Pimco Dynamic Cr Income Fd 0.02% Exit 0 $21.12 $909K −43,042 −$909K
Holding · CL A 0.01% Exit 0 $10.11 $527K −52,147 −$527K
T - A T & T 0.01% Exit 0 $26.97 $282K −10,456 −$282K
Stoneco · CL A 0.01% Exit 0 $34.67 $272K −7,845 −$272K
XYZ - Block · CL A 0.01% Exit 0 $239.81 $253K −1,055 −$253K
Holding 0.01% Exit 0 $24.01 $235K −9,789 −$235K
Holding Exit 0 $7.27 $150K −20,636 −$150K
Greenlane · CL A Exit 0 $2.40 $24K −10,000 −$24K

* Reported price is value ÷ shares from the 13F as of period end — not a live market quote. Weight % is each long-equity position ÷ full 13F AUM, so rows may not sum to 100% when the filing includes options or other non-equity (excluded from this table). Share change and $ change are vs 2021 Q3. Click column headers to sort · click New / Hold / Add / Reduce to promote that move type to the top. Exit opens the last-held block below.

Filings history

20 periods · normalized AUM · open a period for holdings

Period Holdings AUM QoQ Form Filed Filing ID
2026 Q2 351 $8.8B −4.5% 13F-HR 8/11/2026 000139834426014047
2026 Q1 353 $9.2B +24.9% 13F-HR 5/15/2026 000139834426009239
2025 Q4 324 $7.4B −9.9% 13F-HR 2/11/2026 000105682326000007
2025 Q3 336 $8.2B −2.7% 13F-HR 11/14/2025 000105682325000029
2025 Q2 352 $8.4B −4.3% 13F-HR 8/12/2025 000105682325000019
2025 Q1 347 $8.8B +9.7% 13F-HR 5/15/2025 000105682325000010
2024 Q4 349 $8B +20.2% 13F-HR 2/10/2025 000105682325000001
2024 Q3 346 $6.7B +16.8% 13F-HR 11/13/2024 000105682324000019
2024 Q2 324 $5.7B +8.2% 13F-HR 8/14/2024 000105682324000016
2024 Q1 323 $5.3B +10.7% 13F-HR 5/14/2024 000105682324000013
2023 Q4 325 $4.8B −5.4% 13F-HR 2/15/2024 000105682324000011
2023 Q3 331 $5B +8.7% 13F-HR 11/14/2023 000105682323000057
2023 Q2 334 $4.6B −10.8% 13F-HR 8/14/2023 000105682323000044
2023 Q1 334 $5.2B −11.9% 13F-HR 5/12/2023 000105682323000019
2022 Q4 324 $6.1B RESTATEMENT 2/9/2023 000105682323000011
2022 Q4 324 $5.9B +19.0% 13F-HR 2/7/2023 000105682323000010
2022 Q3 329 $5B +4.0% 13F-HR 11/15/2022 000105682322000018
2022 Q2 336 $4.8B −3.8% 13F-HR 8/5/2022 000105682322000017
2022 Q1 345 $5B +9.3% 13F-HR 5/13/2022 000105682322000016
2021 Q4 349 $4.5B +6.1% 13F-HR 2/15/2022 000105682322000015
2021 Q3 338 $4.3B 13F-HR 11/15/2021 000105682321000020

About

HORIZON KINETICS ASSET MANAGEMENT LLC

21 processed 13Fs on this site · 2021 Q3–2026 Q2

Notable person
Murray Stahl
SEC filing name
HORIZON KINETICS ASSET MANAGEMENT LLC
Location
New York, NY
All SEC filings
View on sec.gov