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

2022 Q1 2021 Q4 · filed 13 May · long equity

TPL - Texas Pacific Land 41.31% Reduce −0.1% 1,516,502 $1,352 $2.1B −953 +$155M
FNV - Franco Nevada 3.48% Add +10.1% 1,083,060 $159.52 $173M +99,555 +$37M
WPM - Wheaton Precious Metals 3.19% Add +7.1% 3,324,297 $47.58 $158M +221,587 +$25M
CACI - Caci Intl · CL A 2.88% Add +2.4% 474,540 $301.26 $143M +11,198 +$18M
ICE - Intercontinental Exchange 2.69% Add +15.8% 1,009,045 $132.12 $133M +137,646 +$14M
BN - Brookfield Asset Mgmt · CL A 2.58% Add +9.0% 2,266,094 $56.57 $128M +187,959 +$3M
ADM - Archer Daniels Midland 1.79% Add +27.1% 983,882 $90.26 $89M +209,718 +$36M
CVEO - Civeo Cda 1.68% Add +1.1% 3,528,221 $23.61 $83M +39,579 +$16M
CRL - Charles Riv Labs Intl 1.57% Add +21.1% 275,239 $283.97 $78M +47,933 −$7M
HHH - Howard Hughes 1.48% Reduce −3.5% 707,529 $103.61 $73M −25,349 −$1M
LYV - Live Nation Entertainment 1.35% Reduce −6.7% 571,785 $117.64 $67M −41,336 −$6M
MSB - Mesabi Tr 1.34% Add +17.1% 2,494,497 $26.64 $66M +364,751 +$10M
Viper Energy Partners 1.31% Add +40.7% 2,203,014 $29.57 $65M +637,210 +$32M
CME - CME Group 1.18% Add +16.5% 245,675 $237.86 $58M +34,753 +$10M
SVXY - Proshares Tr Ii 1.07% Add +1.7% 971,841 $54.56 $53M +16,605 −$6M
Associated Cap Group · CL A 1.06% Add +0.5% 1,260,329 $41.91 $53M +6,762 −$1M
Brigham Minerals · CL A 1.01% Add +35.7% 1,957,136 $25.55 $50M +514,638 +$20M
Sandstorm Gold 0.98% Add +10.4% 6,030,440 $8.08 $49M +567,819 +$15M
CBOE - Cboe Global Markets 0.96% Reduce −0.5% 416,427 $114.42 $48M −2,003 −$7M
NTR - Nutrien 0.93% Add +52.4% 443,614 $103.99 $46M +152,591 +$24M
MMC - Marsh & Mclennan Cos 0.84% Add +31.4% 245,536 $170.42 $42M +58,663 +$9M
BG - Bunge 0.78% New 351,540 $110.81 $39M +351,540 +$39M
WST - West Fraser Timber 0.76% Add +30.6% 459,112 $82.43 $38M +107,581 +$4M
SAIC - Science Applicatns Intl Cp 0.74% Reduce −1.5% 398,706 $92.17 $37M −6,064 +$3M
AN - Autonation 0.74% Reduce −4.9% 368,195 $99.58 $37M −18,775 −$9M
Liberty Medica Del 0.73% Reduce −2.9% 793,377 $45.73 $36M −24,040 −$5M
WY - Weyerhaeuser 0.70% Add +35.1% 923,034 $37.90 $35M +239,637 +$7M
CBRE - CBRE Group · CL A 0.70% Add +33.2% 378,418 $91.52 $35M +94,254 +$4M
WEN - Wendys 0.65% Reduce −6.0% 1,470,569 $21.97 $32M −93,757 −$5M
JOE - The Saint Joe 0.63% Add +18.0% 531,594 $59.24 $31M +81,082 +$8M
VRSK - Verisk Analytics · CL A 0.61% Add +27.5% 141,183 $214.63 $30M +30,408 +$5M
Osisko Gold Royalties 0.59% Add +39.6% 2,233,892 $13.19 $29M +633,710 +$10M
LBRDA - Liberty Broadband 0.55% Reduce −15.5% 203,557 $135.32 $28M −37,358 −$11M
DMLP - Dorchester Minerals 0.54% Reduce −2.0% 1,029,906 $25.95 $27M −20,528 +$6M
IEP - Icahn Enterprises 0.50% Reduce −9.2% 479,737 $51.93 $25M −48,581 −$1M
PAG - Penske Automotive Grp 0.45% Reduce −1.6% 239,926 $93.72 $22M −3,991 −$4M
SPGI - S&P Global 0.44% Add +3930.4% 53,000 $410.19 $22M +51,685 +$21M
CNS - Cohen & Steers 0.43% Add +12.7% 247,443 $85.89 $21M +27,818 +$935K
RGLD - Royal Gold 0.42% Reduce −3.7% 148,342 $141.28 $21M −5,635 +$5M
BRK.B - Berkshire Hathaway · CL B 0.36% Reduce −9.6% 51,051 $352.90 $18M −5,418 +$1M
Liberty Media Del 0.36% Reduce −3.6% 387,141 $45.71 $18M −14,641 −$3M
OSK - Oshkosh 0.33% Add 0.0% 162,337 $100.65 $16M +62 −$2M
IPAR - Inter Parfums 0.33% Reduce −2.8% 183,639 $88.05 $16M −5,208 −$4M
ELS - Equity Lifestyle Pptys 0.31% Reduce −3.7% 199,621 $76.48 $15M −7,750 −$3M
RPRX - Royalty Pharma · CLASS A 0.31% Add +38.4% 390,918 $38.96 $15M +108,381 +$4M
Liberty Media Del 0.30% Reduce −1.5% 211,773 $69.84 $15M −3,295 +$1M
TRC - Tejon Ranch Del 0.30% Add +8.4% 807,510 $18.26 $15M +62,848 +$537K
MA - Mastercard · CL A 0.28% Reduce −2.6% 38,583 $357.39 $14M −1,048 −$451K
PBT - Permian Basin Rty Tr 0.28% Add +189.1% 1,101,387 $12.51 $14M +720,366 +$10M
BA - Boeing 0.27% Reduce −0.8% 68,813 $191.50 $13M −581 −$792K

Showing top 50 of 335 by value

Exits / last held

not current holdings · last reported size, unchanged · gone vs 2021 Q4

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
Ihs Markit 0.57% Exit 0 $132.92 $26M −195,052 −$26M
Colfax 0.03% Exit 0 $45.96 $1M −30,156 −$1M
BN - Brookfield · CL A 0.01% Exit 0 $62.65 $621K −9,912 −$621K
BLK - Blackrock 0.01% Exit 0 $14.87 $606K −40,758 −$606K
Arena Pharmaceuticals 0.01% Exit 0 $92.89 $418K −4,500 −$418K
NEE - Nextera Energy 0.01% Exit 0 $93.38 $282K −3,020 −$282K
IVZ - Invesco 0.01% Exit 0 $72.01 $274K −3,805 −$274K
ETN - Eaton 0.01% Exit 0 $173.13 $250K −1,444 −$250K
TSLA - Tesla 0.01% Exit 0 $1,057 $241K −228 −$241K
BN - Brookfield 0.01% Exit 0 $45.97 $231K −5,025 −$231K
CCL1EUR — Exit 0 $20.13 $214K −10,629 −$214K
EDIT - Editas Medicine Exit 0 $26.58 $214K −8,050 −$214K
MAS - Masco Exit 0 $70.33 $211K −3,000 −$211K
VSAT - Viasat Exit 0 $44.54 $205K −4,603 −$205K
IVZ - Invesco Exit 0 $13.44 $140K −10,414 −$140K

* 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 Q4. 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