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

2023 Q1 2022 Q4 · filed 12 May · long equity

TPL - Texas Pacific Land 46.35% Reduce −1.0% 1,419,132 $1,701 $2.4B −14,146 −$946M
GBTC - Grayscale Bitcoin 4.98% Add +0.2% 15,841,652 $16.36 $259M +27,640 +$128M
WPM - Wheaton Precious Metals 3.21% Add +0.6% 3,471,530 $48.16 $167M +22,074 +$32M
FNV - Franco Nevada 2.91% Reduce −99.3% 1,037,982 $145.80 $151M −145,499,077 +$150M
CACI - Caci Intl · CL A 2.57% Reduce −0.9% 451,081 $296.28 $134M −4,195 −$3M
ICE - Intercontinental Exchange 1.94% Reduce −2.6% 966,669 $104.29 $101M −26,192 −$1M
PBT - Permian Basin Rty Tr 1.89% Add +7.8% 4,038,065 $24.40 $99M +293,376 +$4M
CVEO - Civeo Cda 1.61% Add +4.8% 4,054,545 $20.65 $84M +184,169 −$37M
ADM - Archer Daniels Midland 1.48% Reduce −4.7% 967,941 $79.66 $77M −47,289 −$17M
MSB - Mesabi Tr 1.43% Add +10.0% 2,953,826 $25.18 $74M +269,100 +$26M
BN - Brookfield · CL A 1.33% Reduce −2.9% 2,124,723 $32.59 $69M −62,393 +$438K
Viper Energy Partners 1.08% Reduce −6.5% 2,011,119 $28.00 $56M −140,172 −$12M
CBOE - Cboe Global Markets 1.05% Add +0.6% 408,995 $134.24 $55M +2,346 +$4M
HHH - Howard Hughes 0.96% Reduce −1.4% 625,391 $80.00 $50M −8,797 +$2M
CRL - Charles Riv Labs Intl 0.96% Reduce −5.0% 246,968 $201.82 $50M −13,125 −$7M
SVXY - Proshares Tr Ii 0.93% Reduce −0.2% 757,324 $63.75 $48M −1,634 +$4M
SAIC - Science Applicatns Intl Cp 0.89% Add +1.4% 432,223 $107.46 $46M +6,175 −$815K
CME - CME Group 0.88% Reduce −1.7% 240,587 $191.52 $46M −4,087 +$5M
Associated Cap Group · CL A 0.88% Reduce −0.7% 1,236,464 $36.95 $46M −8,445 −$7M
Sitio Royalties · CLASS A 0.82% Reduce −13.0% 1,899,085 $22.60 $43M −282,844 −$20M
AN - Autonation 0.82% Reduce −7.0% 317,404 $134.36 $43M −23,923 +$6M
BG - Bunge 0.81% Reduce −5.3% 441,437 $95.52 $42M −24,679 −$4M
MMC - Marsh & Mclennan Cos 0.74% Reduce −6.8% 232,254 $166.55 $39M −17,041 −$3M
Sandstorm Gold 0.68% Reduce −3.6% 6,137,137 $5.81 $36M −230,877 +$2M
Osisko Gold Royalties 0.66% Reduce −5.7% 2,172,297 $15.82 $34M −131,693 +$7M
NTR - Nutrien 0.66% Reduce −1.1% 463,358 $73.85 $34M −4,987 +$16K
WST - West Fraser Timber 0.62% Reduce −5.8% 454,723 $71.24 $32M −28,058 −$3M
LYV - Live Nation Entertainment 0.61% Reduce −10.6% 452,427 $70.00 $32M −53,414 −$4M
DMLP - Dorchester Minerals 0.59% Reduce −0.9% 1,016,180 $30.29 $31M −8,984 +$97K
JOE - The Saint Joe 0.57% Add +3.6% 708,134 $41.61 $29M +24,295 +$3M
PAG - Penske Automotive Grp 0.54% Reduce −8.2% 198,184 $141.81 $28M −17,726 +$3M
WEN - Wendys 0.51% Reduce −2.4% 1,216,151 $21.78 $26M −29,746 −$2M
CBRE - CBRE Group · CL A 0.50% Reduce −7.0% 358,255 $72.81 $26M −26,870 −$4M
IPAR - Inter Parfums 0.45% Reduce −0.1% 164,361 $142.24 $23M −90 +$8M
IEP - Icahn Enterprises 0.42% Reduce −4.4% 427,694 $51.71 $22M −19,462 −$532K
TRC - Tejon Ranch Del 0.41% Add +14.3% 1,154,800 $18.27 $21M +144,762 +$2M
RGLD - Royal Gold 0.34% Reduce −1.0% 137,263 $129.71 $18M −1,373 +$2M
BAM — · CL A 0.32% Reduce −7.2% 507,835 $32.72 $17M −39,385 +$928K
Liberty Media Del 0.30% Reduce −0.6% 206,547 $74.83 $15M −1,308 +$3M
BRK.B - Berkshire Hathaway · CL B 0.29% Add +15.6% 48,710 $308.77 $15M +6,579 +$2M
BND - Vanguard Bd Index Fds 0.28% Add +187.0% 299,788 $49.24 $15M +195,315 +$10M
CNS - Cohen & Steers 0.26% Reduce −6.8% 213,246 $63.96 $14M −15,664 −$1M
RPRX - Royalty Pharma · CLASS A 0.26% Reduce −6.7% 373,120 $36.03 $13M −26,760 −$2M
BA - Boeing 0.25% Reduce −6.0% 60,109 $212.43 $13M −3,803 +$594K
Liberty Medica Del 0.24% Reduce −39.5% 442,983 $27.99 $12M −288,905 −$16M
ELS - Equity Lifestyle Pptys 0.23% Reduce −4.1% 179,582 $67.13 $12M −7,773 −$48K
MA - Mastercard · CL A 0.23% Add +0.3% 33,087 $363.40 $12M +115 +$559K
CCL1EUR — 0.22% Add +59.3% 1,132,156 $10.15 $11M +421,666 +$6M
OSK - Oshkosh 0.22% Reduce −9.1% 136,168 $83.18 $11M −13,664 −$2M
Liberty Media Del 0.21% Reduce −0.6% 165,487 $67.50 $11M −997 +$2M

Showing top 50 of 313 by value

Exits / last held

not current holdings · last reported size, unchanged · gone vs 2022 Q4

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
Gamco Investors · CL A 0.12% Exit 0 $15.24 $7M −456,794 −$7M
IAA 0.09% Exit 0 $40.00 $5M −128,318 −$5M
IGSB - Ishares Tr 0.05% Exit 0 $49.81 $3M −54,000 −$3M
LLY - Eli Lilly And 0.04% Exit 0 $365.81 $3M −6,886 −$3M
Equity Commonwealth 0.02% Exit 0 $24.97 $1M −57,592 −$1M
EXPE - Expedia Group 0.01% Exit 0 $87.61 $754K −8,606 −$754K
SPSB - Spdr Ser Tr 0.01% Exit 0 $29.38 $705K −24,000 −$705K
TFX - Teleflex 0.01% Exit 0 $249.78 $571K −2,286 −$571K
Maverix Metals 0.01% Exit 0 $4.68 $500K −106,780 −$500K
LIN - Linde 0.01% Exit 0 $326.14 $499K −1,530 −$499K
Pimco ETF Tr 0.01% Exit 0 $98.72 $464K −4,700 −$464K
ENOV - Enovis 0.01% Exit 0 $53.45 $357K −6,679 −$357K
ESAB — 0.01% Exit 0 $46.90 $319K −6,801 −$319K
BN - Brookfield Infrastructure Exit 0 $38.85 $288K −7,413 −$288K
CQP — Exit 0 $56.75 $227K −4,000 −$227K
VTRS - Viatris Exit 0 $11.15 $214K −19,198 −$214K
NOC - Northrop Grumman Exit 0 $544.74 $207K −380 −$207K
BLK - Blackrock Muni Income Tr Ii Exit 0 $10.29 $105K −10,204 −$105K
LGL Group Exit 0 $4.02 $43K −10,694 −$43K
GCI - Gannett Exit 0 $2.00 $20K −10,000 −$20K

* 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 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