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 Q4 2022 Q3 · filed 7 Feb · long equity

TPL - Texas Pacific Land 56.82% Reduce −3.8% 1,433,278 $2,344 $3.4B −56,311 +$713M
CACI - Caci Intl · CL A 2.31% Add +0.5% 455,276 $300.59 $137M +2,237 +$19M
WPM - Wheaton Precious Metals 2.28% Add +5.8% 3,449,456 $39.08 $135M +190,264 +$29M
GBTC - Grayscale Bitcoin 2.22% New 15,814,012 $8.29 $131M +15,814,012 +$131M
CVEO - Civeo Cda 2.04% Add +8.0% 3,870,376 $31.10 $120M +287,206 +$30M
ICE - Intercontinental Exchange 1.72% Reduce −2.4% 992,861 $102.59 $102M −24,364 +$10M
PBT - Permian Basin Rty Tr 1.60% Add +21.7% 3,744,689 $25.20 $94M +668,841 +$44M
ADM - Archer Daniels Midland 1.59% Reduce −0.9% 1,015,230 $92.85 $94M −9,737 +$12M
BN - Brookfield · CL A 1.16% New 2,187,116 $31.46 $69M +2,187,116 +$69M
Viper Energy Partners 1.16% Reduce −2.2% 2,151,291 $31.79 $68M −48,479 +$5M
Sitio Royalties · CLASS A 1.06% New 2,181,929 $28.85 $63M +2,181,929 +$63M
CRL - Charles Riv Labs Intl 0.96% Reduce −8.5% 260,093 $217.90 $57M −24,296 +$706K
Associated Cap Group · CL A 0.88% Reduce −0.4% 1,244,909 $41.99 $52M −5,532 +$6M
CBOE - Cboe Global Markets 0.86% Reduce −0.7% 406,649 $125.47 $51M −2,895 +$3M
HHH - Howard Hughes 0.82% Reduce −6.4% 634,188 $76.42 $48M −43,248 +$11M
MSB - Mesabi Tr 0.82% Add +4.3% 2,684,726 $18.02 $48M +110,053 −$7M
SAIC - Science Applicatns Intl Cp 0.80% Add +9.9% 426,048 $110.93 $47M +38,221 +$13M
BG - Bunge 0.79% Add +19.5% 466,116 $99.77 $47M +76,141 +$14M
SVXY - Proshares Tr Ii 0.75% Reduce −18.1% 758,958 $58.68 $45M −167,238 −$468K
MMC - Marsh & Mclennan Cos 0.70% Reduce −2.1% 249,295 $165.48 $41M −5,374 +$3M
CME - CME Group 0.70% Reduce −3.0% 244,674 $168.16 $41M −7,488 −$4M
AN - Autonation 0.62% Reduce −3.1% 341,327 $107.30 $37M −11,077 +$725K
LYV - Live Nation Entertainment 0.60% Reduce −1.5% 505,841 $69.74 $35M −7,541 −$4M
WST - West Fraser Timber 0.59% Reduce −2.3% 482,781 $72.29 $35M −11,231 −$911K
NTR - Nutrien 0.58% Reduce −2.1% 468,345 $73.03 $34M −9,926 −$6M
Sandstorm Gold 0.57% Reduce −1.6% 6,368,014 $5.26 $33M −104,996 +$31K
DMLP - Dorchester Minerals 0.52% Reduce −0.4% 1,025,164 $29.93 $31M −4,207 +$5M
CBRE - CBRE Group · CL A 0.50% Reduce −2.2% 385,125 $76.96 $30M −8,580 +$3M
Liberty Medica Del 0.48% Reduce −1.8% 731,888 $39.13 $29M −13,246 +$540K
WY - Weyerhaeuser 0.48% Reduce −2.1% 921,920 $31.00 $29M −19,545 +$2M
WEN - Wendys 0.48% Reduce −2.9% 1,245,897 $22.63 $28M −36,948 +$4M
Osisko Gold Royalties 0.47% Reduce −2.0% 2,303,990 $12.07 $28M −46,880 +$4M
JOE - The Saint Joe 0.45% Add +12.1% 683,839 $38.65 $26M +73,846 +$7M
PAG - Penske Automotive Grp 0.42% Reduce −2.5% 215,910 $114.93 $25M −5,437 +$3M
IEP - Icahn Enterprises 0.38% Reduce −1.3% 447,156 $50.65 $23M −5,915 +$144K
TRC - Tejon Ranch Del 0.32% Add +2.4% 1,010,038 $18.84 $19M +23,465 +$5M
IPAR - Inter Parfums 0.27% Reduce −2.4% 164,451 $96.52 $16M −4,016 +$3M
RPRX - Royalty Pharma · CLASS A 0.27% Reduce −2.1% 399,880 $39.52 $16M −8,666 −$612K
BAM — · CL A 0.27% New 547,220 $28.67 $16M +547,220 +$16M
RGLD - Royal Gold 0.26% Reduce −2.3% 138,636 $112.72 $16M −3,237 +$2M
CNS - Cohen & Steers 0.25% Reduce −1.9% 228,910 $64.56 $15M −4,541 +$157K
Liberty Media Del 0.25% Reduce −1.7% 370,472 $39.31 $15M −6,393 +$216K
SPGI - S&P Global 0.23% Reduce −6.1% 40,346 $334.94 $14M −2,608 +$397K
OSK - Oshkosh 0.22% Reduce −4.6% 149,832 $88.19 $13M −7,242 +$2M
BRK.B - Berkshire Hathaway · CL B 0.22% Reduce −1.5% 42,131 $308.90 $13M −652 +$2M
Liberty Media Del 0.21% Reduce −0.4% 207,855 $59.78 $12M −894 +$214K
BA - Boeing 0.21% Reduce −2.6% 63,912 $190.49 $12M −1,689 +$4M
ELS - Equity Lifestyle Pptys 0.20% Reduce −1.9% 187,355 $64.60 $12M −3,696 +$97K
MA - Mastercard · CL A 0.19% Reduce −1.4% 32,972 $347.73 $11M −480 +$2M
LBRDA - Liberty Broadband 0.16% Reduce −21.4% 125,893 $76.27 $10M −34,223 −$2M

Showing top 50 of 301 by value

Exits / last held

not current holdings · last reported size, unchanged · gone vs 2022 Q3

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
BN - Brookfield Asset Mgmt · CL A 1.84% Exit 0 $40.89 $91M −2,230,262 −$91M
Brigham Minerals · CL A 1.01% Exit 0 $24.67 $50M −2,027,024 −$50M
FHI - Federated Hermes · CL B 0.07% Exit 0 $33.12 $4M −106,064 −$4M
Barclays Bank 0.06% Exit 0 $40.00 $3M −69,100 −$3M
CORZ - Core Scientific 0.05% Exit 0 $1.30 $2M −1,726,520 −$2M
FNF - Fidelity National Financial 0.03% Exit 0 $36.21 $2M −43,829 −$2M
Navigator 0.03% Exit 0 $11.45 $1M −121,523 −$1M
WT - Wisdomtree Invts 0.02% Exit 0 $4.68 $1M −215,282 −$1M
Proshares Tr Ii 0.01% Exit 0 $25.02 $728K −29,100 −$728K
Proshares Tr Ii 0.01% Exit 0 $23.99 $631K −26,300 −$631K
United Sts Oil Fd 0.01% Exit 0 $120.00 $600K −5,000 −$600K
FIS - Fidelity Natl Info 0.01% Exit 0 $75.63 $428K −5,659 −$428K
Silvergate Cap · CL A 0.01% Exit 0 $75.37 $428K −5,679 −$428K
Alleghany Del 0.01% Exit 0 $840.32 $421K −501 −$421K
Holding 0.01% Exit 0 $12.36 $395K −31,967 −$395K
FHI - Federated Hermes 0.01% Exit 0 $10.35 $384K −37,089 −$384K
Dish Network · CL A 0.01% Exit 0 $13.81 $375K −27,148 −$375K
WTM - White Mountains Insurance Group 0.01% Exit 0 $1,302 $371K −285 −$371K
Direxion Edf Tr 0.01% Exit 0 $34.94 $304K −8,700 −$304K
BAX - Baxter Intl Exit 0 $53.86 $237K −4,400 −$237K
PYPL - Paypal Exit 0 $85.95 $222K −2,583 −$222K
MTCH - Match Group Exit 0 $47.75 $215K −4,503 −$215K
SLP - Simulations Plus Exit 0 $48.55 $212K −4,367 −$212K
MTB - M & T Bk Exit 0 $176.52 $206K −1,167 −$206K
FTV - Fortive Exit 0 $58.34 $205K −3,514 −$205K
IWC - Ishares Tr Exit 0 $103.34 $204K −1,974 −$204K
Lions Gate Entmnt · CL B Exit 0 $6.95 $200K −28,794 −$200K
BLK - Blackrock Exit 0 $10.97 $198K −18,053 −$198K
BLK - Blackrock Exit 0 $9.79 $190K −19,403 −$190K
ETN - Eaton Vance Ny Mun Bd Exit 0 $8.45 $181K −21,411 −$181K
CRGY - Crescent Energy · CL A Exit 0 $13.51 $151K −11,180 −$151K
Pioneer Mun High Income Fd Exit 0 $8.25 $98K −11,879 −$98K
Mawson Infrastructure Group Exit 0 $0.4213 $14K −33,232 −$14K
Salarius Pharmaceuticals Exit 0 $0.2000 $12K −60,000 −$12K

* 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 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