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 Q3 2022 Q2 · filed 15 Nov · long equity

TPL - Texas Pacific Land 53.29% Reduce −1.1% 1,489,589 $1,777 $2.6B −16,086 +$407M
FNV - Franco Nevada 2.59% Reduce −3.2% 1,078,565 $119.48 $129M −35,352 −$18M
CACI - Caci Intl · CL A 2.38% Reduce −2.9% 453,039 $261.06 $118M −13,612 −$13M
WPM - Wheaton Precious Metals 2.12% Reduce −4.5% 3,259,192 $32.36 $105M −155,070 −$18M
ICE - Intercontinental Exchange 1.85% Reduce −4.5% 1,017,225 $90.35 $92M −48,211 −$8M
BN - Brookfield Asset Mgmt · CL A 1.84% Reduce −4.0% 2,230,262 $40.89 $91M −93,199 −$12M
CVEO - Civeo Cda 1.81% Add +3.1% 3,583,170 $25.13 $90M +109,071 +$170K
ADM - Archer Daniels Midland 1.66% Reduce −7.3% 1,024,967 $80.45 $82M −80,526 −$3M
Viper Energy Partners 1.27% Reduce −12.7% 2,199,770 $28.66 $63M −319,482 −$4M
CRL - Charles Riv Labs Intl 1.13% Reduce −4.9% 284,389 $196.80 $56M −14,585 −$8M
MSB - Mesabi Tr 1.11% Reduce −2.1% 2,574,673 $21.51 $55M −54,131 −$9M
PBT - Permian Basin Rty Tr 1.01% Add +47.1% 3,075,848 $16.33 $50M +985,353 +$16M
Brigham Minerals · CL A 1.01% Reduce −9.6% 2,027,024 $24.67 $50M −216,404 −$5M
CBOE - Cboe Global Markets 0.97% Reduce −0.7% 409,544 $117.37 $48M −3,016 +$1M
Associated Cap Group · CL A 0.93% Reduce −0.3% 1,250,441 $36.76 $46M −3,203 +$1M
SVXY - Proshares Tr Ii 0.91% Reduce −4.6% 926,196 $48.59 $45M −44,793 −$2M
CME - CME Group 0.90% Reduce −4.5% 252,162 $177.13 $45M −11,987 −$9M
NTR - Nutrien 0.80% Reduce −11.1% 478,271 $83.38 $40M −59,804 −$3M
LYV - Live Nation Entertainment 0.79% Reduce −6.2% 513,382 $76.04 $39M −33,864 −$6M
MMC - Marsh & Mclennan Cos 0.77% Reduce −8.8% 254,669 $149.29 $38M −24,640 −$5M
HHH - Howard Hughes 0.76% Reduce −0.7% 677,436 $55.39 $38M −4,439 −$9M
AN - Autonation 0.72% Reduce −3.5% 352,404 $101.87 $36M −12,736 −$5M
WST - West Fraser Timber 0.72% Reduce −8.2% 494,012 $72.49 $36M −44,026 −$5M
SAIC - Science Applicatns Intl Cp 0.69% Reduce −3.2% 387,827 $88.43 $34M −12,640 −$3M
Sandstorm Gold 0.67% Add +0.7% 6,473,010 $5.17 $33M +47,041 −$5M
BG - Bunge 0.65% Reduce −2.2% 389,975 $82.57 $32M −8,862 −$4M
Liberty Medica Del 0.57% Reduce −3.0% 745,134 $37.71 $28M −23,022 +$407K
WY - Weyerhaeuser 0.54% Reduce −11.5% 941,465 $28.56 $27M −121,972 −$8M
CBRE - CBRE Group · CL A 0.54% Reduce −9.2% 393,705 $67.51 $27M −39,691 −$5M
DMLP - Dorchester Minerals 0.52% Add 0.0% 1,029,371 $24.98 $26M +70 +$1M
WEN - Wendys 0.48% Reduce −3.3% 1,282,845 $18.69 $24M −43,971 −$1M
Osisko Gold Royalties 0.48% Reduce −8.0% 2,350,870 $10.18 $24M −205,537 −$2M
IEP - Icahn Enterprises 0.45% Reduce −1.8% 453,071 $49.67 $23M −8,171 +$309K
PAG - Penske Automotive Grp 0.44% Reduce −5.0% 221,347 $98.43 $22M −11,675 −$3M
JOE - The Saint Joe 0.39% Add +3.0% 609,993 $32.03 $20M +17,596 −$4M
RPRX - Royalty Pharma · CLASS A 0.33% Reduce −9.9% 408,546 $40.18 $16M −45,010 −$3M
CNS - Cohen & Steers 0.29% Reduce −9.7% 233,451 $62.63 $15M −24,979 −$2M
Liberty Media Del 0.29% Reduce −0.6% 376,865 $38.07 $14M −2,095 +$689K
TRC - Tejon Ranch Del 0.29% Add +29.8% 986,573 $14.40 $14M +226,779 +$2M
RGLD - Royal Gold 0.27% Reduce −1.0% 141,873 $93.82 $13M −1,505 −$2M
SPGI - S&P Global 0.26% Reduce −13.9% 42,954 $305.35 $13M −6,920 −$4M
IPAR - Inter Parfums 0.26% Reduce −2.3% 168,467 $75.46 $13M −3,900 +$120K
Liberty Media Del 0.25% Reduce −0.5% 208,749 $58.50 $12M −1,114 −$1M
ELS - Equity Lifestyle Pptys 0.24% Reduce −1.7% 191,051 $62.84 $12M −3,376 −$2M
LBRDA - Liberty Broadband 0.24% Reduce −4.1% 160,116 $73.80 $12M −6,895 −$7M
BRK.B - Berkshire Hathaway · CL B 0.23% Reduce −0.9% 42,783 $267.02 $11M −398 −$365K
OSK - Oshkosh 0.22% Reduce 0.0% 157,074 $70.29 $11M −77 −$2M
SII - Sprott 0.19% Reduce −18.3% 289,037 $33.51 $10M −64,958 −$3M
MA - Mastercard · CL A 0.19% Reduce −1.3% 33,452 $284.35 $10M −424 −$1M
Liberty Media Del 0.18% Reduce −0.3% 167,094 $52.52 $9M −461 −$937K

Showing top 50 of 319 by value

Exits / last held

not current holdings · last reported size, unchanged · gone vs 2022 Q2

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
Catchmark Timber Tr · CL A 0.12% Exit 0 $10.06 $6M −574,230 −$6M
Mantech Intl · CL A 0.05% Exit 0 $95.44 $2M −25,000 −$2M
MKTX - Marketaxess 0.03% Exit 0 $255.96 $1M −5,704 −$1M
Cf Acquisition Vi · CL A 0.01% Exit 0 $9.97 $705K −70,689 −$705K
Glaxosmithkline 0.01% Exit 0 $43.54 $703K −16,146 −$703K
Lendingtree 0.01% Exit 0 $43.80 $438K −10,000 −$438K
Welbilt 0.01% Exit 0 $23.82 $405K −17,000 −$405K
BN - Brookfield Asset Mgmt Reins · CL A 0.01% Exit 0 $44.63 $400K −8,962 −$400K
MQY — 0.01% Exit 0 $11.45 $363K −31,715 −$363K
Nuveen Int Dur Qual Mun Trm 0.01% Exit 0 $12.70 $264K −20,793 −$264K
MMM - 3M 0.01% Exit 0 $129.56 $245K −1,891 −$245K
NVDA - Nvidia 0.01% Exit 0 $151.88 $243K −1,600 −$243K
IVZ - Invesco Exit 0 $75.83 $229K −3,020 −$229K
CCI - Crown Castle Intl Exit 0 $168.03 $226K −1,345 −$226K
IVZ - Invesco Exit 0 $68.20 $223K −3,270 −$223K
ACN - Accenture Ireland · CLASS A Exit 0 $277.99 $221K −795 −$221K
DNP - Dnp Select Income Fd Exit 0 $10.80 $130K −12,032 −$130K
Annaly Cap Mgmt Exit 0 $5.89 $113K −19,197 −$113K
IVZ - Invesco Tr Invt Grade Muns Exit 0 $10.75 $112K −10,414 −$112K
RIOT - Riot Blockchain Exit 0 $4.20 $42K −10,000 −$42K

* 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 2022 Q2. 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