Horizon Kinetics Asset Management LLC Murray Stahl

New York, NY 21 processed 13Fs on this site, 2021 Q3 to 2026 Q2

$8.8B
348 holdings
2026 Q2
−4.5% QoQ
Top 5 66.8%

Portfolio

2026 Q2, filed 8/11/2026, top 12 of 348 holdings

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 only

Download CSV Download Excel All activity


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%, was 6.53%	Reduce −0.1%	15,783,711	$19.19	$303M	−12,295	−$236K
CACI, CACI International	2.64%, was 3.23%	Reduce −3.7%	423,942	$313.93	$133M	−16,135	−$17M
WPM, Wheaton Precious Metals	2.55%, was 3.11%	Reduce −5.2%	3,170,058	$40.55	$129M	−172,480	−$16M
FNV, Franco Nevada	2.53%, was 3.09%	Reduce −4.8%	956,749	$133.49	$128M	−48,305	−$16M
ICE, Intercontinental Exchange	1.90%, was 2.25%	Reduce −5.4%	873,766	$110.02	$96M	−50,240	−$8.4M
CVEO, Civeo	1.67%, was 1.71%	Reduce −0.2%	4,062,279	$20.73	$84M	−7,408	+$4.9M
PBT	1.66%, was 2.14%	Reduce −1.2%	3,946,450	$21.25	$84M	−46,953	−$16M
CBOE, Cboe Global Markets	1.25%, was 1.20%	Add +0.1%	405,573	$156.21	$63M	+327	+$7.4M
MSB, Mesabi Trust CTF Ben Int	1.21%	Add +3.1%	3,049,352	$20.07	$61M	+92,922	+$860K
ADM, Archer-Daniels-Midland	1.21%, was 1.46%	Reduce −9.9%	808,164	$75.42	$61M	−88,607	−$6.8M
AN, Autonation	0.93%, was 1.11%	Reduce −1.1%	310,964	$151.40	$47M	−3,580	−$4.7M
SAIC, Science Applicatns International CP	0.89%, was 1.04%	Reduce −1.7%	424,174	$105.54	$45M	−7,192	−$3.8M
CME, CME Group	0.87%, was 0.92%	Reduce −4.9%	219,976	$200.22	$44M	−11,451	+$1.2M
Viper Energy Partners	0.86%, was 1.05%	Reduce −13.5%	1,566,021	$27.88	$44M	−244,444	−$4.9M
Holding	0.85%, was 0.93%	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 River Labs International	0.83%, was 1.05%	Reduce −7.9%	214,235	$195.98	$42M	−18,265	−$6.9M
BN, Brookfield Corporation	0.80%, was 0.95%	Reduce −2.2%	1,285,024	$31.27	$40M	−28,336	−$4M
BG, Bunge	0.76%, was 0.82%	Reduce −12.0%	353,786	$108.25	$38M	−48,286	+$362K
LYV, Live Nation Entertainment	0.68%, was 0.87%	Reduce −6.1%	415,374	$83.04	$34M	−27,092	−$5.8M
MMC, Marsh McLennan	0.68%, was 0.85%	Reduce −13.7%	180,010	$190.30	$34M	−28,664	−$5M
JOE, Saint Joe	0.66%, was 0.69%	Reduce −7.5%	613,947	$54.33	$33M	−49,466	+$1.3M
PAG, Penske Automotive Group	0.65%, was 0.71%	Reduce −0.6%	196,169	$167.06	$33M	−1,193	−$114K
Sitio Royalties	0.58%, was 0.97%	Reduce −28.9%	1,217,286	$24.21	$29M	−494,815	−$16M
DMLP, Dorchester Minerals	0.55%, was 0.64%	Reduce −2.8%	963,089	$29.05	$28M	−27,967	−$1.7M
WST, West Fraser Timber	0.51%, was 0.76%	Reduce −13.1%	356,916	$72.54	$26M	−53,887	−$9.4M
Sandstorm Gold	0.51%, was 0.65%	Reduce −6.6%	5,480,156	$4.66	$26M	−387,581	−$4.5M
CCJ, Cameco	0.50%	Reduce −12.5%	637,505	$39.64	$25M	−90,807	+$2.5M
WEN, Wendys	0.47%, was 0.56%	Reduce −2.6%	1,168,190	$20.41	$24M	−30,715	−$2.2M
NTR, Nutrien	0.46%, was 0.54%	Reduce −11.8%	374,077	$61.76	$23M	−50,021	−$1.9M
IPAR, Inter Parfums	0.44%, was 0.48%	Reduce −0.3%	163,609	$134.34	$22M	−415	−$202K
CBRE, CBRE Group	0.41%, was 0.56%	Reduce −13.8%	277,434	$73.86	$20M	−44,560	−$5.5M
Osisko Gold Royalties	0.40%, was 0.65%	Reduce −12.7%	1,716,200	$11.75	$20M	−249,226	−$10M
TRC, Tejon Ranch	0.37%, was 0.44%	Reduce −2.4%	1,146,349	$16.22	$19M	−27,714	−$1.6M
BRK.B, Berkshire Hathaway Class B	0.34%, was 0.36%	Reduce −0.7%	48,341	$350.30	$17M	−318	+$341K
CCL, Carnival	0.32%	Add +0.7%	1,160,590	$13.72	$16M	+7,889	−$5.8M
BAM, Brookfield Asset Management	0.28%, was 0.33%	Reduce −9.3%	431,647	$33.34	$14M	−44,283	−$1.1M
RGLD, Royal Gold	0.28%, was 0.33%	Reduce −2.5%	131,398	$106.33	$14M	−3,395	−$1.5M
BND, Vanguard Bond Index	0.27%, was 0.32%	Reduce −8.9%	278,252	$49.19	$14M	−27,215	−$1.3M
OSK, Oshkosh	0.26%, was 0.25%	Add +0.2%	136,860	$95.43	$13M	+325	+$1.2M
MA, Mastercard	0.26%, was 0.28%	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	0.25%	New	202,275	$62.30	$13M	+202,275	+$13M
BA, Boeing	0.22%, was 0.27%	Reduce −1.5%	59,027	$191.68	$11M	−911	−$1.3M
SPAQ	0.22%, was 0.19%	Add +21.8%	110,356	$98.81	$11M	+19,717	+$2.1M
LBRDA, Liberty Broadband Series C	0.20%	Reduce −4.0%	108,368	$91.32	$9.9M	−4,494	+$855K
ELS, Equity Lifestyle Properties	0.19%, was 0.24%	Reduce −7.4%	152,057	$63.71	$9.7M	−12,199	−$1.3M
SPGI, S&P Global	0.19%, was 0.24%	Reduce −5.9%	26,141	$365.41	$9.6M	−1,647	−$1.6M
Liberty Media	0.17%	New	340,095	$25.46	$8.7M	+340,095	+$8.7M
FWONA, Liberty Media	0.16%	New	144,517	$56.54	$8.2M	+144,517	+$8.2M
RPRX	0.15%, was 0.22%	Reduce −13.9%	287,255	$27.14	$7.8M	−46,414	−$2.5M
MSTR, Microstrategy	0.13%, was 0.15%	Reduce −0.7%	19,773	$328.28	$6.5M	−146	−$330K
SII, Sprott	0.13%, was 0.17%	Reduce −12.0%	211,308	$30.47	$6.4M	−28,788	−$1.3M
RBA, RB Global	0.12%, was 0.13%	Reduce −6.5%	94,929	$62.50	$5.9M	−6,605	−$159K
MSGS, MSG Sports	0.11%, was 0.13%	Reduce −1.9%	32,609	$176.30	$5.7M	−617	−$499K
PTEN, Patterson Uti Energy	0.11%	Reduce −0.3%	404,041	$13.84	$5.6M	−1,056	+$743K
NDAQ, Nasdaq	0.11%, was 0.12%	Reduce −0.5%	109,153	$48.59	$5.3M	−513	−$163K
Burford Cap	0.10%	New	376,073	$14.00	$5.3M	+376,073	+$5.3M
XOM, Exxon Mobil	0.10%	Add 0.0%	44,705	$117.58	$5.3M	+22	+$464K
RCL, Royal Caribbean	0.10%, was 0.13%	Reduce −0.7%	56,626	$92.14	$5.2M	−395	−$698K
WMB, Williams Companies	0.10%	Add +2.4%	147,083	$33.69	$5M	+3,504	+$270K
XES	0.09%, was 0.06%	Add +22.4%	46,467	$95.78	$4.5M	+8,498	+$1.5M
AMLP, Alps ETF Trust Alerian MLP	0.08%, was 0.09%	Reduce −0.1%	101,700	$42.20	$4.3M	−112	+$300K
XNEAX	0.08%	Hold	423,715	$9.68	$4.1M	—	—
PCH, Potlatchdeltic	0.08%, was 0.11%	Reduce −10.3%	88,931	$45.39	$4M	−10,249	−$1.2M
FCX, Freeport-McMoRan	0.08%	Add +1.2%	105,912	$37.29	$3.9M	+1,235	−$238K
MKL, Markel Group	0.08%	Reduce −4.1%	2,644	$1,472	$3.9M	−114	+$78K
ABBV, AbbVie	0.07%	Reduce −0.1%	24,824	$149.06	$3.7M	−25	+$352K
Liberty Media	0.07%	New	143,849	$25.45	$3.7M	+143,849	+$3.7M
CLB, Core Laboratories	0.07%	Hold	146,908	$24.01	$3.5M	—	—
RYN, Rayonier	0.07%, was 0.09%	Reduce −3.7%	123,043	$28.46	$3.5M	−4,783	−$512K
Liberty Media	0.06%	New	98,051	$32.10	$3.1M	+98,051	+$3.1M
MSFT, Microsoft	0.06%, was 0.07%	Reduce −3.6%	9,201	$315.76	$2.9M	−345	−$346K
BSM	0.06%	Add +3.1%	167,838	$17.23	$2.9M	+5,100	+$296K
EPD, Enterprise Products Partners	0.06%	Reduce −1.2%	101,912	$27.37	$2.8M	−1,266	+$71K
MRK, Merck	0.06%	Add +1.4%	27,039	$102.95	$2.8M	+376	−$293K
LLY, Eli Lilly	0.06%	Reduce −4.8%	5,177	$537.13	$2.8M	−260	+$231K
JNJ, Johnson & Johnson	0.05%, was 0.06%	Reduce −1.1%	17,595	$155.75	$2.7M	−201	−$205K
KMI, Kinder Morgan	0.05%, was 0.06%	Reduce −0.3%	162,194	$16.58	$2.7M	−454	−$112K
INFL	0.05%, was 0.06%	Reduce −0.1%	84,614	$30.44	$2.6M	−60	−$13K
ET, Energy Transfer	0.05%	Add +3.4%	181,308	$14.03	$2.5M	+5,915	+$316K
SBR	0.05%, was 0.06%	Reduce −8.9%	38,543	$65.90	$2.5M	−3,768	−$250K
BMY, Bristol Myers Squibb	0.05%, was 0.06%	Reduce −0.4%	42,381	$58.04	$2.5M	−150	−$260K
TCOM, Tri Pointe Homes	0.05%, was 0.07%	Reduce −7.0%	89,812	$27.35	$2.5M	−6,800	−$718K
DHR, Danaher	0.05%	Add +1.2%	9,749	$248.10	$2.4M	+113	+$106K
CVX, Chevron	0.05%	Hold	14,182	$168.62	$2.4M	—	—
LVS, Las Vegas Sands	0.05%, was 0.07%	Reduce −3.4%	50,997	$45.84	$2.3M	−1,810	−$725K
Costamare	0.04%	Add +2.6%	234,334	$9.62	$2.3M	+6,000	+$46K
GBTC, Grayscale Bitcoin Trust	0.04%	Add +8.5%	1,235,500	$1.78	$2.2M	+96,335	−$569K
SU, Suncor Energy	0.04%	Add +3.5%	61,830	$34.38	$2.1M	+2,079	+$374K
CSCO, Cisco	0.04%	Reduce −0.7%	39,468	$53.76	$2.1M	−275	+$65K
LTCN	0.04%	Add +3.8%	441,570	$4.80	$2.1M	+16,096	−$514K
PM, Philip Morris International	0.04%, was 0.05%	Reduce −0.9%	22,744	$92.58	$2.1M	−200	−$134K
BATRK, Atlanta Braves	0.04%	New	57,421	$35.73	$2.1M	+57,421	+$2.1M
KLAC, KLA	0.04%	Add +0.9%	4,355	$458.66	$2M	+40	−$95K
APYX, Apyx Medical	0.04%	Hold	615,000	$3.20	$2M	—	—
CAT, Caterpillar	0.04%, was 0.03%	Add +6.1%	6,999	$273.00	$1.9M	+401	+$287K
SPHR, Sphere Entertainment	0.04%	Reduce −1.3%	49,820	$37.16	$1.9M	−654	+$469K
MSTR, Microstrategy	0.04%	Reduce −0.1%	279,734	$6.59	$1.8M	−389	−$176K
EMR, Emerson Electric	0.04%, was 0.03%	Add +5.9%	18,936	$96.57	$1.8M	+1,050	+$212K
FNF, Fidelity National Financial	0.04%, was 0.03%	Add +0.2%	43,832	$41.30	$1.8M	+90	+$236K
CSW, CSW Industrials	0.04%	Reduce −5.6%	10,200	$175.24	$1.8M	−600	−$7K
WBD, Warner Bros. Discovery	0.03%, was 0.05%	Reduce −5.5%	160,036	$10.86	$1.7M	−9,240	−$385K
AAPL, Apple	0.03%, was 0.05%	Reduce −6.7%	10,082	$171.22	$1.7M	−729	−$371K
NAD, Nuveen Quality Muni Inc. Fund	0.03%, was 0.04%	Reduce 0.0%	168,972	$10.14	$1.7M	−54	−$192K
PFE, Pfizer	0.03%	Add +3.8%	50,421	$33.17	$1.7M	+1,850	−$109K
MO, Altria	0.03%, was 0.04%	Reduce −1.5%	39,432	$42.05	$1.7M	−600	−$155K
VRSK, Verisk	0.03%	Hold	7,000	$236.24	$1.7M	—	—
MSGE, MSG Entertainment	0.03%, was 0.04%	Reduce −1.1%	49,657	$32.91	$1.6M	−552	−$54K
OPLN, Openlane	0.03%, was 0.04%	Reduce −0.7%	109,414	$14.92	$1.6M	−750	−$44K
IRM, Iron Mountain	0.03%	Hold	27,358	$59.45	$1.6M	—	—
LHX, L3Harris	0.03%	Add +0.3%	9,124	$174.13	$1.6M	+30	−$192K
SATS, Echostar	0.03%, was 0.04%	Reduce −6.3%	89,996	$16.75	$1.5M	−6,022	−$158K
OIH	0.03%	Reduce −1.0%	4,313	$345.04	$1.5M	−43	+$235K
VOO, Vanguard S&P 500 ETF	0.03%	Add +2.8%	3,692	$392.70	$1.4M	+101	−$13K
FHI, Federated Hermes	0.03%, was 0.04%	Reduce −10.4%	41,671	$33.87	$1.4M	−4,832	−$256K
Fitlife Brands	0.03%	New	77,228	$18.26	$1.4M	+77,228	+$1.4M
NVO, Novo Nordisk	0.03%	Add +100.0%	15,480	$90.94	$1.4M	+7,740	+$155K
BELFB, Bel Fuse	0.03%	Hold	28,988	$47.72	$1.4M	—	—
WT, Wisdomtree	0.03%	Add +0.6%	194,047	$7.00	$1.4M	+1,230	+$36K
Liberty Media	0.03%	New	42,064	$31.92	$1.3M	+42,064	+$1.3M
MHD	0.03%	Hold	129,817	$10.31	$1.3M	—	—
ROK, Rockwell Automation	0.03%	Reduce −4.7%	4,500	$285.87	$1.3M	−223	−$270K
Holding	0.03%	Reduce −2.8%	35,020	$36.13	$1.3M	−998	−$101K
NVS, Novartis	0.02%	Hold	12,200	$101.86	$1.2M	—	—
JPM, JPMorgan Chase	0.02%, was 0.04%	Reduce −29.0%	24,632	$50.18	$1.2M	−10,052	−$503K
SVXY	0.02%, was 1.29%	Reduce −98.0%	14,294	$86.34	$1.2M	−692,260	−$59M
TD, Toronto-Dominion Bank	0.02%	Add +6.2%	20,450	$60.26	$1.2M	+1,200	+$39K
SEE, Sealed Air	0.02%	Add +0.8%	37,435	$32.86	$1.2M	+300	−$255K
SON, Sonoco Products	0.02%	Add +3.9%	22,450	$54.35	$1.2M	+850	−$55K
Metalla Rty & Streaming	0.02%	Add +2.2%	398,618	$3.06	$1.2M	+8,500	−$473K
BN, Brookfield Corporation	0.02%, was 0.03%	Reduce −3.9%	41,468	$29.40	$1.2M	−1,700	−$356K
GOOG, Alphabet Class C	0.02%	Reduce −2.7%	9,203	$131.85	$1.2M	−255	+$69K
RMT, Royce Micro-Cap Trust	0.02%	Hold	143,317	$8.28	$1.2M	—	—
SPY, State Street SPDR S P 500	0.02%, was 0.03%	Reduce −16.8%	2,764	$427.48	$1.2M	−559	−$291K
BATRA, Atlanta Braves	0.02%	New	29,375	$39.07	$1.1M	+29,375	+$1.1M
PDI, Pimco Dynamic Income Fund	0.02%, was 0.03%	Reduce −0.1%	66,346	$17.28	$1.1M	−67	−$99K
MDLZ, Mondelez	0.02%, was 0.03%	Reduce −1.2%	16,410	$69.40	$1.1M	−194	−$72K
KRP	0.02%	Add +2.9%	71,162	$16.00	$1.1M	+1,981	+$121K
HON, Honeywell	0.02%	Add +0.1%	6,162	$184.74	$1.1M	+9	−$138K
INTC, Intel	0.02%	Add +0.1%	31,699	$35.55	$1.1M	+44	+$68K
WY, Weyerhaeuser	0.02%, was 0.03%	Reduce −9.4%	35,593	$30.66	$1.1M	−3,674	−$225K
MCD, McDonald's	0.02%	Hold	4,107	$263.44	$1.1M	—	—
REZI, Resideo Technologies	0.02%, was 0.03%	Reduce −3.5%	68,010	$15.80	$1.1M	−2,488	−$170K
GDXJ	0.02%, was 0.03%	Reduce −10.6%	33,269	$32.23	$1.1M	−3,949	−$255K
BLK, BlackRock	0.02%	Hold	105,461	$10.15	$1.1M	—	—
BRK.A, Berkshire Hathaway Class A	0.02%	Hold	2	$531,477	$1.1M	—	—
BX, Blackstone	0.02%	Add +25.3%	9,900	$107.14	$1.1M	+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 Laboratories	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	0.02%	Hold	4,339	$230.01	$998K	—	—
FIS, Fidelity National Information Services	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	0.02%	Add +4.6%	24,938	$36.25	$904K	+1,100	+$54K
RTX	0.02%	Add +1.2%	12,364	$71.97	$890K	+150	−$307K
EBAY, eBay	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 Resources	0.02%, was 0.01%	Add +9.6%	6,666	$126.76	$845K	+582	+$149K
BIIB, Biogen	0.02%	Hold	3,250	$257.01	$835K	—	—
PARA, Paramount Global	0.02%, was 0.03%	Reduce −12.9%	64,031	$12.90	$826K	−9,500	−$344K
BGC, BGC Group	0.02%	New	155,838	$5.28	$823K	+155,838	+$823K
BR, Broadridge Financial	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 Southern	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%, was 0.01%	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 Class A	0.01%	Reduce −0.1%	5,771	$130.86	$755K	−3	+$64K
XFRAX	0.01%	Hold	59,291	$12.62	$748K	—	—
SNY, Sanofi	0.01%, was 0.02%	Reduce −0.1%	13,000	$53.64	$697K	−17	−$4K
GM, General Motors	0.01%, was 0.02%	Reduce −2.6%	20,850	$32.97	$687K	−566	−$138K
SEB, Seaboard	0.01%, was 0.02%	Reduce −22.9%	182	$3,753	$683K	−54	−$157K
GLD, SPDR Gold Shares	0.01%, was 0.02%	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%, was 0.02%	Reduce −19.9%	5,393	$124.04	$669K	−1,341	−$239K
SLV	0.01%, was 0.02%	Reduce −3.9%	32,663	$20.34	$664K	−1,338	−$46K
RSP	0.01%, was 0.02%	Reduce −0.3%	4,676	$141.70	$663K	−15	−$39K
NRK	0.01%	Hold	66,896	$9.45	$632K	—	—
REGN, Regeneron	0.01%	Hold	765	$822.96	$630K	—	—
NVDA, Nvidia	0.01%	Reduce −0.7%	1,410	$434.99	$613K	−10	+$13K
BXMT	0.01%	Add +12.0%	28,050	$21.75	$610K	+3,000	+$89K
Bakkt	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	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 Realty	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	0.01%	Hold	60,430	$8.78	$531K	—	—
IBM	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 Materials	0.01%	Add +2.1%	141,350	$3.54	$500K	+2,900	−$92K
SLB	0.01%	Add +17.6%	8,461	$58.30	$493K	+1,269	+$140K
AJG, Arthur J. Gallagher	0.01%	Hold	2,134	$227.93	$486K	—	—
BK, BNY	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	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 Industries	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, JPMorgan Chase	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	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	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	0.01%	Hold	7,691	$46.46	$357K	—	—
VZ, Verizon	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	0.01%	Hold	5,058	$61.60	$312K	—	—
IAU, iShares Gold Trust iShares	0.01%	Reduce −1.7%	8,790	$34.99	$308K	−150	−$18K
BCYC	0.01%	Hold	15,000	$20.09	$301K	—	—
BLK, BlackRock	0.01%	Hold	46,440	$6.06	$281K	—	—
BLK, BlackRock	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	0.00%	Hold	20,001	$12.11	$242K	—	—
BEAM, Beam Therapeutics	0.00%	Hold	10,000	$24.05	$241K	—	—
NBH, Neuberger Berman Muni Fund	0.00%	Hold	25,951	$9.21	$239K	—	—
DIS, Disney	0.00%, was 0.01%	Reduce −0.9%	2,945	$81.05	$239K	−28	−$27K
PHYS	0.00%	Hold	16,621	$14.32	$238K	—	—
AMT, American Tower	0.00%, was 0.01%	Reduce −0.9%	1,425	$164.45	$234K	−13	−$45K
AWK	0.00%	Hold	1,865	$123.85	$231K	—	—
LBRDA, Liberty Broadband Series A	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%, was 0.01%	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 Mills	0.00%	Hold	3,300	$63.98	$211K	—	—
CNP, Centerpoint Energy	0.00%, was 0.01%	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 Fund	0.00%	Hold	20,838	$9.67	$202K	—	—
RA	0.00%, was 0.01%	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 Industries	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	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 Fund	0.00%	Hold	16,232	$8.76	$142K	—	—
LILA, Liberty Latin America	0.00%	Hold	16,807	$8.16	$137K	—	—
ETN, Eaton	0.00%	Hold	21,730	$5.90	$128K	—	—
ASTL, Algoma Steel Group	0.00%	Add +0.5%	18,702	$6.80	$127K	+95	−$5K
HLN, Haleon	0.00%	Hold	14,673	$8.33	$122K	—	—
TTI, Tetra Technologies	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 Fund 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 Co. Ohio	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	0.00%	Hold	30,000	$3.41	$102K	—	—
PACB	0.00%	Hold	12,000	$8.35	$100K	—	—
NMZ, Nuveen Mun High Inc. Opp Fund	0.00%	Hold	10,369	$9.28	$96K	—	—
NUV, Nuveen Mun Value Fund	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 Trust 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	0.00%	Hold	19,467	$0.6100	$12K	—	—
GBX, Greenbrier Companies	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

Gone since 2023 Q2, shown at their last reported size.

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	0.33%	Exit	$75.28	$15M	−205,514	−$15M
Liberty Sirius Group Ser	0.30%	Exit	$32.73	$14M	−420,849	−$14M
Liberty Formula One Ser	0.24%	Exit	$67.62	$11M	−164,758	−$11M
Holding	0.11%	Exit	$32.81	$4.9M	−149,032	−$4.9M
Liberty Braves Group Ser	0.04%	Exit	$39.62	$1.9M	−48,357	−$1.9M
Liberty Braves Group Ser	0.03%	Exit	$40.93	$1.2M	−30,049	−$1.2M
ABBNY, ABB	0.03%	Exit	$39.33	$1.2M	−29,771	−$1.2M
Black Knight	0.02%	Exit	$59.73	$910K	−15,234	−$910K
BGC Partners	0.02%	Exit	$4.43	$719K	−162,259	−$719K
Rumble	0.01%	Exit	$8.92	$577K	−64,707	−$577K
Nuveen Sr Income Fund	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, AT&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, with AUM normalized

Newest 13Fs

Period	Holds	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 to 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