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 Q4 2023 Q3 · filed 15 Feb · long equity

TPL - Texas Pacific Land 44.08% Reduce −3.0% 1,338,755 $1,572 $2.1B −41,716 −$412M
GBTC - Grayscale Bitcoin Trust Btc 11.31% Reduce −1.1% 15,604,708 $34.62 $540M −179,003 +$237M
WPM - Wheaton Precious Metals 3.03% Reduce −7.5% 2,931,266 $49.34 $145M −238,792 +$16M
CACI - Caci Intl · CL A 2.67% Reduce −7.2% 393,605 $323.86 $127M −30,337 −$6M
ICE - Intercontinental Exchange 2.10% Reduce −10.5% 781,939 $128.43 $100M −91,827 +$4M
FNV - Franco Nevada 2.02% Reduce −8.8% 872,143 $110.81 $97M −84,606 −$31M
CVEO - Civeo 1.79% Reduce −8.1% 3,734,335 $22.85 $85M −327,944 +$1M
CBOE - Cboe Global Markets 1.52% Add 0.0% 405,632 $178.56 $72M +59 +$9M
MSB - Mesabi Tr 1.25% Reduce −4.2% 2,920,318 $20.47 $60M −129,034 −$1M
SAIC - Science Applicatns Intl Cp 1.08% Reduce −1.9% 416,056 $124.32 $52M −8,118 +$7M
BN - Brookfield · CL A 1.06% Reduce −2.2% 1,257,006 $40.12 $50M −28,018 +$10M
PBT - Permian Basin Rty Tr 1.05% Reduce −9.2% 3,583,742 $13.96 $50M −362,708 −$34M
ADM - Archer Daniels Midland 1.02% Reduce −16.8% 672,158 $72.22 $49M −136,006 −$12M
HHH - Howard Hughes 1.01% Reduce −3.1% 561,287 $85.55 $48M −17,856 +$5M
AN - Autonation 0.95% Reduce −3.3% 300,803 $150.18 $45M −10,161 −$2M
CRL - Charles Riv Labs Intl 0.90% Reduce −14.7% 182,664 $236.40 $43M −31,571 +$1M
CME - CME Group 0.89% Reduce −8.7% 200,730 $210.60 $42M −19,246 −$2M
Holding · CL A 0.85% Reduce −3.2% 1,142,514 $35.71 $41M −37,852 −$2M
Viper Energy · CL A 0.80% New 1,216,648 $31.38 $38M +1,216,648 +$38M
LYV - Live Nation Entertainment 0.78% Reduce −3.9% 399,263 $93.60 $37M −16,111 +$3M
JOE - The Saint Joe 0.68% Reduce −12.4% 538,022 $60.18 $32M −75,925 −$978K
PAG - Penske Automotive Grp 0.64% Reduce −3.4% 189,536 $160.51 $30M −6,633 −$2M
DMLP - Dorchester Minerals 0.60% Reduce −5.8% 907,133 $31.83 $29M −55,956 +$896K
BG - Bunge Global SA 0.59% New 278,820 $100.95 $28M +278,820 +$28M
MMC - Marsh & Mclennan Cos 0.54% Reduce −24.1% 136,586 $189.47 $26M −43,424 −$8M
Sandstorm Gold 0.51% Reduce −12.3% 4,808,367 $5.03 $24M −671,789 −$1M
WST - West Fraser Timber 0.48% Reduce −24.4% 269,822 $85.58 $23M −87,094 −$3M
IPAR - Inter Parfums 0.48% Reduce −2.9% 158,807 $144.01 $23M −4,802 +$891K
WEN - Wendys 0.46% Reduce −3.2% 1,131,007 $19.48 $22M −37,183 −$2M
CCJ - Cameco 0.45% Reduce −22.0% 497,432 $43.10 $21M −140,073 −$4M
Sitio Royalties · CLASS A 0.45% Reduce −25.5% 906,604 $23.51 $21M −310,682 −$8M
CCL1EUR — 0.44% Reduce −1.8% 1,139,668 $18.54 $21M −20,922 +$5M
Osisko Gold Royalties 0.40% Reduce −21.7% 1,344,413 $14.28 $19M −371,787 −$967K
TRC - Tejon Ranch 0.39% Reduce −5.3% 1,085,128 $17.20 $19M −61,221 +$70K
BRK.B - Berkshire Hathaway · CL B 0.35% Reduce −3.6% 46,601 $356.66 $17M −1,740 −$313K
NTR - Nutrien 0.34% Reduce −22.5% 289,882 $56.33 $16M −84,195 −$7M
BAM — · CL A 0.33% Reduce −10.4% 386,888 $40.17 $16M −44,759 +$1M
RGLD - Royal Gold 0.32% Reduce −2.6% 127,989 $120.96 $15M −3,409 +$2M
OSK - Oshkosh 0.31% Reduce −0.6% 135,994 $108.41 $15M −866 +$2M
BA - Boeing 0.30% Reduce −6.0% 55,514 $260.66 $14M −3,513 +$3M
BND - Vanguard Bd Index Fds 0.30% Add +4.8% 291,631 $49.44 $14M +13,379 +$731K
VGSH - Vanguard Scottsdale Fds 0.27% Reduce −0.8% 221,031 $58.33 $13M −1,859 +$54K
FWONK - Liberty Media Del 0.27% Reduce −0.7% 200,793 $63.13 $13M −1,482 +$74K
MSTR - Microstrategy · CL A 0.26% Add +0.9% 19,946 $631.62 $13M +173 +$6M
SPAQ - Horzn Kntcs Spac 0.22% Hold 110,356 $97.15 $11M
ELS - Equity Lifestyle Pptys 0.20% Reduce −8.8% 138,689 $70.54 $10M −13,368 +$96K
MA - Mastercard · CL A 0.20% Reduce −33.2% 21,856 $426.50 $9M −10,874 −$4M
SPGI - S&P Global 0.19% Reduce −20.5% 20,787 $440.52 $9M −5,354 −$395K
FWONA - Liberty Media Del 0.17% Reduce −0.4% 143,876 $57.98 $8M −641 +$171K
LBRDA - Liberty Broadband 0.17% Reduce −7.1% 100,668 $80.59 $8M −7,700 −$2M

Showing top 50 of 311 by value

Exits / last held

not current holdings · last reported size, unchanged · gone vs 2023 Q3

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
Viper Energy Partners 0.86% Exit 0 $27.88 $44M −1,566,021 −$44M
BG - Bunge 0.76% Exit 0 $108.25 $38M −353,786 −$38M
CBRE - CBRE Group · CL A 0.41% Exit 0 $73.86 $20M −277,434 −$20M
WBD - Warner Bros Discovery 0.03% Exit 0 $10.86 $2M −160,036 −$2M
SATS - Echostar · CL A 0.03% Exit 0 $16.75 $2M −89,996 −$2M
BELFB - Bel Fuse · CL B 0.03% Exit 0 $47.71 $1M −28,988 −$1M
BR - Broadridge Finl Solutions 0.02% Exit 0 $179.01 $817K −4,564 −$817K
SNY - Sanofi Sponsored 0.01% Exit 0 $53.62 $697K −13,000 −$697K
GILD - Gilead Sciences 0.01% Exit 0 $74.89 $674K −9,000 −$674K
BCPC - Balchem 0.01% Exit 0 $124.05 $669K −5,393 −$669K
IAC - IAC Inc 0.01% Exit 0 $50.36 $445K −8,836 −$445K
OGN - Organon & 0.01% Exit 0 $17.37 $388K −22,342 −$388K
KMB - Kimberly Clark 0.01% Exit 0 $120.97 $375K −3,100 −$375K
BELFA - Bel Fuse · CL A 0.01% Exit 0 $46.42 $357K −7,691 −$357K
D - Dominion Energy Exit 0 $44.67 $239K −5,350 −$239K
CQP — Exit 0 $54.25 $217K −4,000 −$217K
Equity Commonwealth Exit 0 $18.39 $217K −11,800 −$217K
EQT - EQT Corp Exit 0 $40.53 $211K −5,206 −$211K
GIS - General Mls Exit 0 $63.94 $211K −3,300 −$211K
FANG - Diamondback Energy Exit 0 $155.15 $202K −1,302 −$202K
Neuberger Berman Ny Mun Fd Exit 0 $8.75 $142K −16,232 −$142K
Holding Exit 0 $6.14 $102K −16,601 −$102K
EFXT - Enerflex Exit 0 $5.75 $67K −11,655 −$67K

* 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 2023 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