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

Q3 2021

Q1 2022

Q1 2023

Q1 2024

Q1 2025

Q1 2026

Book

2023 Q3 2023 Q2 · filed 14 Nov · long equity

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TPL - Texas Pacific Land	49.85%	Reduce −1.7%	1,380,471	$1,824	$2.5B	−23,396	+$669M
GBTC - Grayscale Bitcoin Trust Btc	6.00%	Reduce −0.1%	15,783,711	$19.19	$303M	−12,295	−$236K
CACI - Caci Intl · CL A	2.64%	Reduce −3.7%	423,942	$313.93	$133M	−16,135	−$17M
WPM - Wheaton Precious Metals	2.55%	Reduce −5.2%	3,170,058	$40.55	$129M	−172,480	−$16M
FNV - Franco Nevada	2.53%	Reduce −4.8%	956,749	$133.49	$128M	−48,305	−$16M
ICE - Intercontinental Exchange	1.90%	Reduce −5.4%	873,766	$110.02	$96M	−50,240	−$8M
CVEO - Civeo	1.67%	Reduce −0.2%	4,062,279	$20.73	$84M	−7,408	+$5M
PBT —	1.66%	Reduce −1.2%	3,946,450	$21.25	$84M	−46,953	−$16M
CBOE - Cboe Global Markets	1.25%	Add +0.1%	405,573	$156.21	$63M	+327	+$7M
MSB - Mesabi Tr Ctf Ben Int	1.21%	Add +3.1%	3,049,352	$20.07	$61M	+92,922	+$860K
ADM - Archer Daniels Midland	1.21%	Reduce −9.9%	808,164	$75.42	$61M	−88,607	−$7M
AN - Autonation	0.93%	Reduce −1.1%	310,964	$151.40	$47M	−3,580	−$5M
SAIC - Science Applicatns Intl Cp	0.89%	Reduce −1.7%	424,174	$105.54	$45M	−7,192	−$4M
CME - CME Group	0.87%	Reduce −4.9%	219,976	$200.22	$44M	−11,451	+$1M
Viper Energy Partners	0.86%	Reduce −13.5%	1,566,021	$27.88	$44M	−244,444	−$5M
Holding · CL A	0.85%	Reduce −3.4%	1,180,366	$36.50	$43M	−41,702	−$178K
HHH - Howard Hughes	0.85%	New	579,143	$74.13	$43M	+579,143	+$43M
CRL - Charles Riv Labs Intl	0.83%	Reduce −7.9%	214,235	$195.98	$42M	−18,265	−$7M
BN - Brookfield · CL A	0.80%	Reduce −2.2%	1,285,024	$31.27	$40M	−28,336	−$4M
BG - Bunge	0.76%	Reduce −12.0%	353,786	$108.25	$38M	−48,286	+$362K
LYV - Live Nation Entertainment	0.68%	Reduce −6.1%	415,374	$83.04	$34M	−27,092	−$6M
MMC - Marsh & Mclennan Cos	0.68%	Reduce −13.7%	180,010	$190.30	$34M	−28,664	−$5M
JOE - The Saint Joe	0.66%	Reduce −7.5%	613,947	$54.33	$33M	−49,466	+$1M
PAG - Penske Automotive Grp	0.65%	Reduce −0.6%	196,169	$167.06	$33M	−1,193	−$114K
Sitio Royalties · CLASS A	0.58%	Reduce −28.9%	1,217,286	$24.21	$29M	−494,815	−$16M
DMLP - Dorchester Minerals	0.55%	Reduce −2.8%	963,089	$29.05	$28M	−27,967	−$2M
WST - West Fraser Timber	0.51%	Reduce −13.1%	356,916	$72.54	$26M	−53,887	−$9M
Sandstorm Gold	0.51%	Reduce −6.6%	5,480,156	$4.66	$26M	−387,581	−$5M
CCJ - Cameco	0.50%	Reduce −12.5%	637,505	$39.64	$25M	−90,807	+$2M
WEN - Wendys	0.47%	Reduce −2.6%	1,168,190	$20.41	$24M	−30,715	−$2M
NTR - Nutrien	0.46%	Reduce −11.8%	374,077	$61.76	$23M	−50,021	−$2M
IPAR - Inter Parfums	0.44%	Reduce −0.3%	163,609	$134.34	$22M	−415	−$202K
CBRE - CBRE Group · CL A	0.41%	Reduce −13.8%	277,434	$73.86	$20M	−44,560	−$5M
Osisko Gold Royalties	0.40%	Reduce −12.7%	1,716,200	$11.75	$20M	−249,226	−$10M
TRC - Tejon Ranch Del	0.37%	Reduce −2.4%	1,146,349	$16.22	$19M	−27,714	−$2M
BRK.B - Berkshire Hathaway · CL B	0.34%	Reduce −0.7%	48,341	$350.30	$17M	−318	+$341K
CCL1EUR —	0.32%	Add +0.7%	1,160,590	$13.72	$16M	+7,889	−$6M
BAM — · CL A	0.28%	Reduce −9.3%	431,647	$33.34	$14M	−44,283	−$1M
RGLD - Royal Gold	0.28%	Reduce −2.5%	131,398	$106.33	$14M	−3,395	−$2M
BND - Vanguard Total Bond	0.27%	Reduce −8.9%	278,252	$49.19	$14M	−27,215	−$1M
OSK - Oshkosh	0.26%	Add +0.2%	136,860	$95.43	$13M	+325	+$1M
MA - Mastercard · CL A	0.26%	Reduce −0.2%	32,730	$395.90	$13M	−60	+$62K
VGSH —	0.25%	Add +0.1%	222,890	$57.60	$13M	+267	−$14K
FWONK - Liberty Media Del	0.25%	New	202,275	$62.30	$13M	+202,275	+$13M
BA - Boeing	0.22%	Reduce −1.5%	59,027	$191.68	$11M	−911	−$1M
SPAQ —	0.22%	Add +21.8%	110,356	$98.81	$11M	+19,717	+$2M
LBRDA - Liberty Broadband	0.20%	Reduce −4.0%	108,368	$91.32	$10M	−4,494	+$855K
ELS - Equity Lifestyle Pptys	0.19%	Reduce −7.4%	152,057	$63.71	$10M	−12,199	−$1M
SPGI - S&P Global	0.19%	Reduce −5.9%	26,141	$365.41	$10M	−1,647	−$2M
Liberty Media Del	0.17%	New	340,095	$25.46	$9M	+340,095	+$9M
FWONA - Liberty Media Del	0.16%	New	144,517	$56.54	$8M	+144,517	+$8M
RPRX - Royalty Pharma · CLASS A	0.15%	Reduce −13.9%	287,255	$27.14	$8M	−46,414	−$2M
MSTR - Microstrategy · CL A	0.13%	Reduce −0.7%	19,773	$328.28	$6M	−146	−$330K
SII - Sprott	0.13%	Reduce −12.0%	211,308	$30.47	$6M	−28,788	−$1M
RBA - Rb Global	0.12%	Reduce −6.5%	94,929	$62.50	$6M	−6,605	−$159K
MSGS - MSG Sports · CL A	0.11%	Reduce −1.9%	32,609	$176.30	$6M	−617	−$499K
PTEN - Patterson Uti Energy	0.11%	Reduce −0.3%	404,041	$13.84	$6M	−1,056	+$743K
NDAQ - Nasdaq	0.11%	Reduce −0.5%	109,153	$48.59	$5M	−513	−$163K
Burford Cap	0.10%	New	376,073	$14.00	$5M	+376,073	+$5M
XOM - Exxon Mobil	0.10%	Add 0.0%	44,705	$117.58	$5M	+22	+$464K
RCL - Royal Caribbean Group	0.10%	Reduce −0.7%	56,626	$92.14	$5M	−395	−$698K
WMB - Williams Cos	0.10%	Add +2.4%	147,083	$33.69	$5M	+3,504	+$270K
XES —	0.09%	Add +22.4%	46,467	$95.78	$4M	+8,498	+$1M
AMLP - Alps ETF Tr Alerian Mlp	0.08%	Reduce −0.1%	101,700	$42.20	$4M	−112	+$300K
XNEAX —	0.08%	Hold	423,715	$9.68	$4M	—	—
PCH - Potlatchdeltic	0.08%	Reduce −10.3%	88,931	$45.39	$4M	−10,249	−$1M
FCX - Freeport Mcmoran · CL B	0.08%	Add +1.2%	105,912	$37.29	$4M	+1,235	−$238K
MKL - Markel Group	0.08%	Reduce −4.1%	2,644	$1,472	$4M	−114	+$78K
ABBV - Abbvie	0.07%	Reduce −0.1%	24,824	$149.06	$4M	−25	+$352K
Liberty Media Del	0.07%	New	143,849	$25.45	$4M	+143,849	+$4M
CLB - Core Laboratories	0.07%	Hold	146,908	$24.01	$4M	—	—
RYN - Rayonier	0.07%	Reduce −3.7%	123,043	$28.46	$4M	−4,783	−$512K
Liberty Media Del	0.06%	New	98,051	$32.10	$3M	+98,051	+$3M
MSFT - Microsoft	0.06%	Reduce −3.6%	9,201	$315.76	$3M	−345	−$346K
BSM —	0.06%	Add +3.1%	167,838	$17.23	$3M	+5,100	+$296K
EPD - Enterprise Prods Partners L	0.06%	Reduce −1.2%	101,912	$27.37	$3M	−1,266	+$71K
MRK - Merck &	0.06%	Add +1.4%	27,039	$102.95	$3M	+376	−$293K
LLY - Eli Lilly And	0.06%	Reduce −4.8%	5,177	$537.13	$3M	−260	+$231K
JNJ - Johnson & Johnson	0.05%	Reduce −1.1%	17,595	$155.75	$3M	−201	−$205K
KMI - Kinder Morgan Del	0.05%	Reduce −0.3%	162,194	$16.58	$3M	−454	−$112K
INFL —	0.05%	Reduce −0.1%	84,614	$30.44	$3M	−60	−$13K
ET - Energy Transfer Equity L P	0.05%	Add +3.4%	181,308	$14.03	$3M	+5,915	+$316K
SBR —	0.05%	Reduce −8.9%	38,543	$65.90	$3M	−3,768	−$250K
BMY - Bristol Myers Squibbco	0.05%	Reduce −0.4%	42,381	$58.04	$2M	−150	−$260K
TCOM - Tri Pointe Homes	0.05%	Reduce −7.0%	89,812	$27.35	$2M	−6,800	−$718K
DHR - Danaher	0.05%	Add +1.2%	9,749	$248.10	$2M	+113	+$106K
CVX - Chevron	0.05%	Hold	14,182	$168.62	$2M	—	—
LVS - Las Vegas Sands	0.05%	Reduce −3.4%	50,997	$45.84	$2M	−1,810	−$725K
Costamare	0.04%	Add +2.6%	234,334	$9.62	$2M	+6,000	+$46K
GBTC - Grayscale Bitcoin Trust	0.04%	Add +8.5%	1,235,500	$1.78	$2M	+96,335	−$569K
SU - Suncor	0.04%	Add +3.5%	61,830	$34.38	$2M	+2,079	+$374K
CSCO - Cisco Systems	0.04%	Reduce −0.7%	39,468	$53.76	$2M	−275	+$65K
LTCN —	0.04%	Add +3.8%	441,570	$4.80	$2M	+16,096	−$514K
PM - Philip Morris Intl	0.04%	Reduce −0.9%	22,744	$92.58	$2M	−200	−$134K
BATRK - Atlanta Braves	0.04%	New	57,421	$35.73	$2M	+57,421	+$2M
KLAC - Kla-Tencor	0.04%	Add +0.9%	4,355	$458.66	$2M	+40	−$95K
APYX - Apyx Med	0.04%	Hold	615,000	$3.20	$2M	—	—
CAT - Caterpillar	0.04%	Add +6.1%	6,999	$273.00	$2M	+401	+$287K
SPHR - Sphere Entertainment · CL A	0.04%	Reduce −1.3%	49,820	$37.16	$2M	−654	+$469K
MSTR - Microstrategy	0.04%	Reduce −0.1%	279,734	$6.59	$2M	−389	−$176K
EMR - Emerson Elec	0.04%	Add +5.9%	18,936	$96.57	$2M	+1,050	+$212K
FNF - Fidelity National Financial	0.04%	Add +0.2%	43,832	$41.30	$2M	+90	+$236K
CSW - Csw Industrials	0.04%	Reduce −5.6%	10,200	$175.24	$2M	−600	−$7K
WBD - Warner Bros Discovery	0.03%	Reduce −5.5%	160,036	$10.86	$2M	−9,240	−$385K
AAPL - Apple	0.03%	Reduce −6.7%	10,082	$171.22	$2M	−729	−$371K
NAD - Nuveen Quality Muni Fd	0.03%	Reduce 0.0%	168,972	$10.14	$2M	−54	−$192K
PFE - Pfizer	0.03%	Add +3.8%	50,421	$33.17	$2M	+1,850	−$109K
MO - Altria Group	0.03%	Reduce −1.5%	39,432	$42.05	$2M	−600	−$155K
VRSK - Verisk Analytics · CL A	0.03%	Hold	7,000	$236.24	$2M	—	—
MSGE - MSG Entertainment · CL A	0.03%	Reduce −1.1%	49,657	$32.91	$2M	−552	−$54K
OPLN - Openlane	0.03%	Reduce −0.7%	109,414	$14.92	$2M	−750	−$44K
IRM - Iron Mtn	0.03%	Hold	27,358	$59.45	$2M	—	—
LHX - L3 Harris Technologies	0.03%	Add +0.3%	9,124	$174.13	$2M	+30	−$192K
SATS - Echostar · CL A	0.03%	Reduce −6.3%	89,996	$16.75	$2M	−6,022	−$158K
OIH —	0.03%	Reduce −1.0%	4,313	$345.04	$1M	−43	+$235K
VOO - Vanguard S P 500	0.03%	Add +2.8%	3,692	$392.70	$1M	+101	−$13K
FHI - Federated Hermes · CL B	0.03%	Reduce −10.4%	41,671	$33.87	$1M	−4,832	−$256K
Fitlife Brands	0.03%	New	77,228	$18.26	$1M	+77,228	+$1M
NVO - Novo-Nordisk A S	0.03%	Add +100.0%	15,480	$90.94	$1M	+7,740	+$155K
BELFB - Bel Fuse · CL B	0.03%	Hold	28,988	$47.72	$1M	—	—
WT - Wisdomtree	0.03%	Add +0.6%	194,047	$7.00	$1M	+1,230	+$36K
Liberty Media Del	0.03%	New	42,064	$31.92	$1M	+42,064	+$1M
MHD —	0.03%	Hold	129,817	$10.31	$1M	—	—
ROK - Rockwell Automation	0.03%	Reduce −4.7%	4,500	$285.87	$1M	−223	−$270K
Holding	0.03%	Reduce −2.8%	35,020	$36.13	$1M	−998	−$101K
NVS - Novartis AG Sponsored	0.02%	Hold	12,200	$101.86	$1M	—	—
JPM - Jp Morgan Exchange Traded Fdultra Shrt	0.02%	Reduce −29.0%	24,632	$50.18	$1M	−10,052	−$503K
SVXY —	0.02%	Reduce −98.0%	14,294	$86.34	$1M	−692,260	−$59M
TD - Toronto Dominion Bk Ont	0.02%	Add +6.2%	20,450	$60.26	$1M	+1,200	+$39K
Sealed Air	0.02%	Add +0.8%	37,435	$32.86	$1M	+300	−$255K
SON - Sonoco Products	0.02%	Add +3.9%	22,450	$54.35	$1M	+850	−$55K
Metalla Rty & Streaming	0.02%	Add +2.2%	398,618	$3.06	$1M	+8,500	−$473K
BN - Brookfield Infrastructure Partners	0.02%	Reduce −3.9%	41,468	$29.40	$1M	−1,700	−$356K
GOOG - Alphabet · CL C	0.02%	Reduce −2.7%	9,203	$131.85	$1M	−255	+$69K
RMT - Royce Micro-Cap Tr	0.02%	Hold	143,317	$8.28	$1M	—	—
SPY - State Street Spdr S P 500	0.02%	Reduce −16.8%	2,764	$427.48	$1M	−559	−$291K
BATRA - Atlanta Braves	0.02%	New	29,375	$39.07	$1M	+29,375	+$1M
PDI - Pimco Dynamic Income Fd	0.02%	Reduce −0.1%	66,346	$17.28	$1M	−67	−$99K
MDLZ - Mondelez Intl · CL A	0.02%	Reduce −1.2%	16,410	$69.40	$1M	−194	−$72K
KRP —	0.02%	Add +2.9%	71,162	$16.00	$1M	+1,981	+$121K
HON - Honeywell Intl	0.02%	Add +0.1%	6,162	$184.74	$1M	+9	−$138K
INTC - Intel	0.02%	Add +0.1%	31,699	$35.55	$1M	+44	+$68K
WY - Weyerhaeuser	0.02%	Reduce −9.4%	35,593	$30.66	$1M	−3,674	−$225K
MCD - Mcdonalds	0.02%	Hold	4,107	$263.44	$1M	—	—
REZI - Resideo Technologies	0.02%	Reduce −3.5%	68,010	$15.80	$1M	−2,488	−$170K
GDXJ —	0.02%	Reduce −10.6%	33,269	$32.23	$1M	−3,949	−$255K
BLK - Blackrock Muni Income Fd	0.02%	Hold	105,461	$10.15	$1M	—	—
BRK.A - Berkshire Hathaway · CL A	0.02%	Hold	2	$531,477	$1M	—	—
BX - Blackstone · CL A	0.02%	Add +25.3%	9,900	$107.14	$1M	+2,000	+$326K
AMGN - Amgen	0.02%	Hold	3,880	$268.76	$1M	—	—
DBL - Doubleline Opportunistic Cr	0.02%	Reduce −0.5%	70,809	$14.58	$1M	−364	$—
ABT - Abbott Labs	0.02%	Reduce −1.0%	10,366	$96.85	$1M	−100	−$137K
SJT —	0.02%	Add +6.4%	144,651	$6.93	$1M	+8,703	−$8K
V - VISA · CL A	0.02%	Hold	4,339	$230.01	$998K	—	—
FIS - Fidelity Natl Info	0.02%	Add +1.3%	18,041	$55.27	$997K	+235	+$23K
CVS - Cvs Health	0.02%	Reduce −7.4%	14,240	$69.82	$994K	−1,144	−$69K
RCG - Renn Fund	0.02%	Add +4.9%	554,462	$1.79	$992K	+25,897	+$36K
JFR - Nuveen Floating Rate Income	0.02%	New	120,831	$8.21	$992K	+120,831	+$992K
SBLK - Star Bulk Carriers	0.02%	Reduce −3.4%	50,809	$19.28	$980K	−1,804	+$48K
DSL - Doubleline Income Solutions	0.02%	Reduce −0.5%	81,273	$11.72	$953K	−447	−$21K
AZNN —	0.02%	Reduce −0.6%	13,978	$67.72	$947K	−80	−$60K
MPC - Marathon Petroleum	0.02%	Reduce −3.1%	6,220	$151.34	$941K	−200	+$193K
GSK - GSK Sponsored	0.02%	Add +4.6%	24,938	$36.25	$904K	+1,100	+$54K
RTX - Raytheon	0.02%	Add +1.2%	12,364	$71.97	$890K	+150	−$307K
EBAY - EBAY Inc	0.02%	Reduce −7.6%	19,540	$44.09	$862K	−1,612	−$84K
WPC - W P Carey	0.02%	Add +18.4%	15,800	$54.08	$854K	+2,450	−$47K
NEM - Newmont	0.02%	Add +0.6%	23,001	$36.95	$850K	+127	−$126K
EOG - Eog Res	0.02%	Add +9.6%	6,666	$126.76	$845K	+582	+$149K
BIIB - Biogen	0.02%	Hold	3,250	$257.01	$835K	—	—
PARA - Paramount Global · CL B	0.02%	Reduce −12.9%	64,031	$12.90	$826K	−9,500	−$344K
BGC - BGC Group · CL A	0.02%	New	155,838	$5.28	$823K	+155,838	+$823K
BR - Broadridge Finl Solutions	0.02%	Hold	4,564	$179.05	$817K	—	—
CMS - CMS Energy	0.02%	Add +5.5%	15,375	$53.11	$817K	+800	−$40K
NSC - Norfolk Southn	0.02%	Reduce −4.8%	4,132	$196.93	$814K	−209	−$171K
BAC - Bank of America	0.02%	Reduce −4.1%	29,426	$27.38	$806K	−1,250	−$74K
VXF —	0.02%	Add +20.5%	5,603	$143.33	$803K	+954	+$111K
GE - GE Aerospace	0.02%	Reduce −2.3%	7,147	$110.55	$790K	−165	−$13K
ADI - Analog Devices	0.02%	Reduce −4.3%	4,445	$175.08	$778K	−200	−$127K
WOOD —	0.02%	Reduce −5.6%	10,434	$74.02	$772K	−624	−$20K
MSTR - Pimco Income Strategy Fund	0.02%	Hold	99,091	$7.67	$760K	—	—
GOOGL - Alphabet · CL A	0.01%	Reduce −0.1%	5,771	$130.86	$755K	−3	+$64K
XFRAX —	0.01%	Hold	59,291	$12.62	$748K	—	—
SNY - Sanofi Sponsored	0.01%	Reduce −0.1%	13,000	$53.64	$697K	−17	−$4K
GM - General Mtrs	0.01%	Reduce −2.6%	20,850	$32.97	$687K	−566	−$138K
SEB - Seaboard	0.01%	Reduce −22.9%	182	$3,753	$683K	−54	−$157K
GLD - Spdr Gold Trust Gold	0.01%	Reduce −0.9%	3,953	$171.45	$678K	−35	−$33K
GILD - Gilead Sciences	0.01%	Reduce −0.4%	9,000	$74.94	$674K	−33	−$22K
ALKS - Alkermes	0.01%	Hold	24,000	$28.01	$672K	—	—
BCPC - Balchem	0.01%	Reduce −19.9%	5,393	$124.04	$669K	−1,341	−$239K
SLV —	0.01%	Reduce −3.9%	32,663	$20.34	$664K	−1,338	−$46K
RSP —	0.01%	Reduce −0.3%	4,676	$141.70	$663K	−15	−$39K
NRK —	0.01%	Hold	66,896	$9.45	$632K	—	—
REGN - Regeneron Pharmaceuticals	0.01%	Hold	765	$822.96	$630K	—	—
NVDA - Nvidia	0.01%	Reduce −0.7%	1,410	$434.99	$613K	−10	+$13K
BXMT — · CL A	0.01%	Add +12.0%	28,050	$21.75	$610K	+3,000	+$89K
Bakkt · CL A	0.01%	Add +4.8%	516,355	$1.17	$604K	+23,468	−$2K
IONS - Ionis Pharmaceuticals	0.01%	Hold	13,000	$45.36	$590K	—	—
LEN - Lennar · CL A	0.01%	Hold	5,202	$112.23	$584K	—	—
DGX - Quest Diagnostics	0.01%	Reduce −0.2%	4,650	$121.86	$567K	−8	−$88K
QCOM - Qualcomm	0.01%	Hold	5,010	$111.06	$556K	—	—
RQI - Cohen & Steers Quality Rlty	0.01%	Hold	54,233	$10.12	$549K	—	—
SYK - Stryker	0.01%	Hold	2,000	$273.27	$547K	—	—
LIN - Linde	0.01%	Reduce −1.4%	1,460	$372.35	$544K	−20	−$20K
ALNY - Alnylam Pharmaceuticals	0.01%	Hold	3,000	$177.10	$531K	—	—
BLK - Blackrock Munihldgs Quality Fund Ii	0.01%	Hold	60,430	$8.78	$531K	—	—
IBM - I B M	0.01%	Hold	3,680	$140.30	$516K	—	—
MOV - Movado Group	0.01%	Reduce −21.0%	18,690	$27.35	$511K	−4,967	−$124K
CRSP - Crispr Therapeutics	0.01%	Hold	11,125	$45.39	$505K	—	—
RYN - Rayonier Advanced Matls	0.01%	Add +2.1%	141,350	$3.54	$500K	+2,900	−$92K
SLB - Schlumberger	0.01%	Add +17.6%	8,461	$58.30	$493K	+1,269	+$140K
AJG - Gallagher Arthur J &	0.01%	Hold	2,134	$227.93	$486K	—	—
BK - Bank Of New York Mellon	0.01%	Hold	11,364	$42.65	$485K	—	—
UNP - Union Pacific	0.01%	Add +0.4%	2,359	$203.63	$480K	+9	$—
INTC - Intellia Therapeutics	0.01%	Hold	15,000	$31.62	$474K	—	—
IAC - IAC Inc	0.01%	Reduce −2.4%	8,836	$50.39	$445K	−219	−$123K
CMCSA - Comcast · CL A	0.01%	Add +0.1%	9,684	$44.34	$429K	+8	+$27K
RIO - Rio Tinto	0.01%	Add +24.9%	6,745	$63.64	$429K	+1,345	+$85K
VMI - Valmont Inds	0.01%	Hold	1,775	$240.21	$426K	—	—
NBB - Nuveen Build American	0.01%	Reduce −0.8%	28,620	$14.53	$416K	−229	−$37K
JPM - Jp Morgan Chase & Isin	0.01%	Reduce −5.8%	2,843	$145.02	$412K	−175	−$27K
MYI —	0.01%	Hold	42,654	$9.55	$407K	—	—
GDX - Vaneck Gold Miners ETF	0.01%	Reduce −11.8%	15,125	$26.91	$407K	−2,022	−$109K
TFPM - Triple Flag Precious Metal	0.01%	Reduce −23.3%	30,423	$13.07	$398K	−9,261	−$149K
BTZ —	0.01%	Reduce −8.4%	40,634	$9.68	$393K	−3,723	−$57K
OGN - Organon &	0.01%	Add +0.1%	22,342	$17.36	$388K	+16	−$77K
GS - Goldman Sachs Group	0.01%	Hold	1,193	$323.57	$386K	—	—
CSWC - Capital Southwest	0.01%	Hold	16,400	$22.90	$376K	—	—
ETCG —	0.01%	Reduce −0.2%	56,914	$6.59	$375K	−128	−$56K
L - Loews	0.01%	Reduce −4.2%	5,918	$63.31	$375K	−259	+$8K
KMB - Kimberly Clark	0.01%	Hold	3,100	$120.85	$375K	—	—
BP - BP Spons	0.01%	Add +5.5%	9,659	$38.72	$374K	+500	+$51K
AWR —	0.01%	Hold	4,721	$78.68	$371K	—	—
Holding	0.01%	Reduce −9.9%	44,229	$8.34	$369K	−4,850	−$29K
VTI - Vanguard Total	0.01%	Reduce −19.4%	1,727	$212.41	$367K	−416	−$105K
NZF —	0.01%	Hold	34,284	$10.43	$358K	—	—
BELFA - Bel Fuse · CL A	0.01%	Hold	7,691	$46.46	$357K	—	—
VZ - Verizon Communications	0.01%	Add +4.0%	10,890	$32.41	$353K	+421	−$36K
OXY - Occidental	0.01%	Add +25.6%	5,350	$64.88	$347K	+1,090	+$97K
IVZ - Invesco	0.01%	Hold	32,702	$10.40	$340K	—	—
PEP - Pepsico	0.01%	Hold	2,004	$169.44	$340K	—	—
FHI - Federated Hermes	0.01%	Hold	35,189	$9.58	$337K	—	—
GPC - Genuine Parts	0.01%	Reduce −6.1%	2,300	$144.38	$332K	−150	−$83K
MTN - Vail Resorts	0.01%	Reduce −2.0%	1,457	$221.89	$323K	−30	−$51K
MMM - 3M	0.01%	Add +1.5%	3,389	$93.62	$317K	+50	−$17K
COP - Conocophillips	0.01%	Reduce −0.7%	2,603	$119.80	$312K	−19	+$40K
KKR — · CL A	0.01%	Hold	5,058	$61.60	$312K	—	—
IAU - Ishares Gold Tr Ishares	0.01%	Reduce −1.7%	8,790	$34.99	$308K	−150	−$18K
BCYC —	0.01%	Hold	15,000	$20.09	$301K	—	—
BLK - Blackrock Munivest Fd	0.01%	Hold	46,440	$6.06	$281K	—	—
BLK - Blackrock Muniyield Quality	0.01%	Hold	31,008	$8.99	$279K	—	—
KHC - Kraft Heinz	0.01%	Reduce −1.4%	8,208	$33.64	$276K	−119	−$19K
CNS - Cohen & Steers	0.01%	Add +3.0%	4,180	$62.68	$262K	+123	+$27K
EDIT - Editas Medicine	0.01%	Hold	33,050	$7.80	$258K	—	—
REPL - Replimune Group	0.01%	Hold	15,000	$17.11	$257K	—	—
BLK - Blackrock	0.00%	Hold	12,950	$19.41	$251K	—	—
Holding	0.00%	Hold	34,357	$7.21	$248K	—	—
GEHC - GE HealthCare	0.00%	Add +1.3%	3,623	$68.04	$247K	+48	−$44K
ETN - Eaton Vance Sr Fltng Rte Tr	0.00%	Hold	20,001	$12.11	$242K	—	—
BEAM - Beam Therapeutics	0.00%	Hold	10,000	$24.05	$241K	—	—
NBH - Neuberger Berman Muni Fd	0.00%	Hold	25,951	$9.21	$239K	—	—
DIS - Disney Walt Disney	0.00%	Reduce −0.9%	2,945	$81.05	$239K	−28	−$27K
PHYS —	0.00%	Hold	16,621	$14.32	$238K	—	—
AMT - American Tower Reit	0.00%	Reduce −0.9%	1,425	$164.45	$234K	−13	−$45K
AWK —	0.00%	Hold	1,865	$123.85	$231K	—	—
LBRDA - Liberty Broadband	0.00%	Reduce −4.7%	2,539	$90.91	$231K	−125	+$18K
DORM - Dorman Products	0.00%	Hold	3,000	$75.76	$227K	—	—
BWXT - BWX Technologies	0.00%	Reduce −1.4%	2,961	$74.98	$222K	−43	+$7K
PCM - Pcm Fund	0.00%	Hold	24,532	$8.90	$218K	—	—
Equity Commonwealth	0.00%	Reduce −42.8%	11,800	$18.37	$217K	−8,839	−$201K
Holding	0.00%	Hold	26,336	$8.23	$217K	—	—
CL - Colgate Palmolive	0.00%	Hold	2,978	$71.11	$212K	—	—
GIS - General Mls	0.00%	Hold	3,300	$63.98	$211K	—	—
CNP - Centerpoint Energy	0.00%	Reduce −46.7%	7,833	$26.85	$210K	−6,873	−$218K
IFF - International Flavors & Fragrances	0.00%	Hold	3,050	$68.17	$208K	—	—
NAN - Nuveen Ny Qlty Income Fd	0.00%	Hold	20,838	$9.67	$202K	—	—
RA —	0.00%	Reduce −14.1%	16,158	$12.25	$198K	−2,652	−$117K
XCXEX —	0.00%	Reduce −0.9%	61,297	$3.12	$191K	−557	−$24K
IVZ - Invesco Quality Muni	0.00%	Hold	22,402	$8.39	$188K	—	—
NIM —	0.00%	Hold	21,500	$8.47	$182K	—	—
LXU - Lsb Inds	0.00%	Hold	17,600	$10.23	$180K	—	—
NVG —	0.00%	Reduce −4.1%	15,734	$10.31	$162K	−676	−$30K
SAN —	0.00%	Hold	42,410	$3.76	$159K	—	—
ETN - Eaton Vance Mun Bd Fd	0.00%	Hold	17,692	$8.96	$159K	—	—
BGT —	0.00%	Hold	12,678	$12.06	$153K	—	—
OIS - Oil State International	0.00%	Add +58.0%	18,031	$8.37	$151K	+6,621	+$66K
Neuberger Berman Ny Mun Fd	0.00%	Hold	16,232	$8.76	$142K	—	—
LILA - Liberty Latin America · CL C	0.00%	Hold	16,807	$8.16	$137K	—	—
ETN - Eaton	0.00%	Hold	21,730	$5.90	$128K	—	—
ASTL - Algoma Stl Group	0.00%	Add +0.5%	18,702	$6.80	$127K	+95	−$5K
HLN - Haleon Spon	0.00%	Hold	14,673	$8.33	$122K	—	—
TTI - Tetra Technologies Del	0.00%	Add +75.0%	19,040	$6.38	$121K	+8,160	+$85K
VNDA - Vanda Pharmaceuticals	0.00%	Hold	27,000	$4.32	$117K	—	—
PML - Pimco Mun Income Fd Ii	0.00%	Hold	15,050	$7.69	$116K	—	—
Bluebird Bio	0.00%	Hold	38,000	$3.04	$116K	—	—
ETN - Eaton	0.00%	Hold	12,456	$9.04	$113K	—	—
Scripps E W Ohio · CL A	0.00%	Hold	20,000	$5.48	$110K	—	—
GALT - Galectin Therapeutics	0.00%	Hold	56,000	$1.92	$108K	—	—
Holding	0.00%	Add +0.1%	12,564	$8.41	$106K	+7	+$3K
Holding	0.00%	Hold	16,601	$6.17	$102K	—	—
LTRN - Lantern Pharma	0.00%	Hold	30,000	$3.41	$102K	—	—
PACB —	0.00%	Hold	12,000	$8.35	$100K	—	—
NMZ - Nuveen Mun High Opp Fd	0.00%	Hold	10,369	$9.28	$96K	—	—
NUV - Nuveen Mun Value Fd	0.00%	Hold	11,550	$8.26	$95K	—	—
IVZ - Invesco	0.00%	Hold	10,414	$9.11	$95K	—	—
ETHE —	0.00%	Hold	6,505	$11.06	$72K	—	—
Holding	0.00%	Hold	18,000	$3.92	$71K	—	—
ALLO - Allogene Therapeutics	0.00%	Hold	20,000	$3.17	$63K	—	—
IVZ - Invesco	0.00%	Hold	10,000	$3.92	$39K	—	—
ZCSH - Grayscale Zcash Tr Zec	0.00%	Hold	15,492	$1.76	$27K	—	—
Rain Oncology	0.00%	Hold	25,000	$0.8618	$22K	—	—
Salarius Pharmaceuticals	0.00%	Hold	32,400	$0.6579	$21K	—	—
BITF - Bitfarms	0.00%	Hold	18,300	$1.07	$20K	—	—
Nucana Sponsored	0.00%	Hold	19,467	$0.6100	$12K	—	—
GBX - Greenbrier Cos	0.00%	Add +5.3%	10,000	$1.00	$10K	+500	−$399K
Alaunos Therapeutics	0.00%	Hold	34,000	$0.1318	$4K	—	—
MANA —	0.00%	Hold	691	$4.98	$3K	—	—
GBAT —	0.00%	Hold	2,089	$1.50	$3K	—	—

Showing top 50 of 317 by value

Exits / last held

not current holdings · last reported size, unchanged · gone vs 2023 Q2

Stock	% of portfolio	Recent activity	Reported price*	Value	Share change	$ change
HHH - Howard Hughes	1.02%	Exit	$78.92	$47M	−600,006	−$47M
Liberty Formula One Ser C	0.33%	Exit	$75.28	$15M	−205,514	−$15M
Liberty Sirius Group Ser C	0.30%	Exit	$32.73	$14M	−420,849	−$14M
Liberty Formula One Ser A	0.24%	Exit	$67.62	$11M	−164,758	−$11M
Holding	0.11%	Exit	$32.81	$5M	−149,032	−$5M
Liberty Braves Group Ser C	0.04%	Exit	$39.62	$2M	−48,357	−$2M
Liberty Braves Group Ser A	0.03%	Exit	$40.93	$1M	−30,049	−$1M
ABBNY - ABB Sponsored	0.03%	Exit	$39.33	$1M	−29,771	−$1M
Black Knight	0.02%	Exit	$59.73	$910K	−15,234	−$910K
Bgc Partners · CL A	0.02%	Exit	$4.43	$719K	−162,259	−$719K
Rumble · CL A	0.01%	Exit	$8.92	$577K	−64,707	−$577K
Nuveen Sr Income Fd	0.01%	Exit	$4.58	$482K	−105,209	−$482K
GHC - Graham	0.01%	Exit	$571.96	$461K	−806	−$461K
Holding	0.01%	Exit	$7.80	$442K	−56,673	−$442K
Revvity	0.01%	Exit	$118.92	$242K	−2,035	−$242K
DOW —	—	Exit	$53.36	$203K	−3,804	−$203K
T - A T & T	—	Exit	$15.93	$203K	−12,745	−$203K
ALCO - Alico	—	Exit	$25.44	$201K	−7,900	−$201K
AMZN - Amazon	—	Exit	$130.18	$201K	−1,544	−$201K
SD —	—	Exit	$15.28	$153K	−10,013	−$153K
APLD - Applied Digital	—	Exit	$9.33	$135K	−14,470	−$135K
Vimeo	—	Exit	$4.08	$44K	−10,779	−$44K

Filings history

20 periods · normalized AUM · open a period for holdings

Newest filings

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