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

2024 Q1 2023 Q4 · filed 14 May · long equity

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TPL - Texas Pacific Land	41.31%	Add +182.1%	3,776,383	$578.51	$2.2B	+2,437,628	+$80M
GBTC - Grayscale Bitcoin Trust Btc	17.89%	Reduce −4.0%	14,974,187	$63.17	$946M	−630,521	+$406M
CACI - Caci Intl · CL A	2.66%	Reduce −5.7%	371,135	$378.83	$141M	−22,470	+$13M
WPM - Wheaton Precious Metals	2.39%	Reduce −8.4%	2,684,991	$47.13	$127M	−246,275	−$18M
FNV - Franco Nevada	2.02%	Add +2.9%	897,349	$119.16	$107M	+25,206	+$10M
ICE - Intercontinental Exchange	1.89%	Reduce −6.8%	728,543	$137.43	$100M	−53,396	−$301K
CVEO - Civeo	1.69%	Reduce −11.1%	3,318,946	$26.85	$89M	−415,389	+$4M
CBOE - Cboe Global Markets	1.41%	Add +0.2%	406,607	$183.73	$75M	+975	+$2M
SAIC - Science Applicatns Intl Cp	1.00%	Reduce −2.8%	404,529	$130.39	$53M	−11,527	+$1M
BN - Brookfield · CL A	0.97%	Reduce −2.7%	1,222,972	$41.87	$51M	−34,034	+$775K
AN - Autonation	0.92%	Reduce −2.6%	293,116	$165.58	$49M	−7,687	+$3M
MSB - Mesabi Tr	0.87%	Reduce −10.9%	2,600,998	$17.70	$46M	−319,320	−$14M
Viper Energy · CL A	0.85%	Reduce −4.4%	1,162,927	$38.46	$45M	−53,721	+$7M
CRL - Charles Riv Labs Intl	0.82%	Reduce −12.8%	159,211	$270.95	$43M	−23,453	−$44K
CME - CME Group	0.81%	Reduce −0.7%	199,400	$215.29	$43M	−1,330	+$655K
PBT - Permian Basin Rty Tr	0.81%	Reduce −1.1%	3,545,020	$12.10	$43M	−38,722	−$7M
LYV - Live Nation Entertainment	0.76%	Reduce −4.3%	382,048	$105.77	$40M	−17,215	+$3M
ADM - Archer Daniels Midland	0.74%	Reduce −7.6%	621,284	$62.81	$39M	−50,874	−$10M
HHH - Howard Hughes	0.72%	Reduce −6.4%	525,373	$72.62	$38M	−35,914	−$10M
Holding · CL A	0.64%	Reduce −8.9%	1,040,388	$32.71	$34M	−102,126	−$7M
MSTR - Microstrategy · CL A	0.61%	Reduce −4.9%	18,968	$1,705	$32M	−978	+$20M
PAG - Penske Automotive Grp	0.57%	Reduce −2.1%	185,557	$161.99	$30M	−3,979	−$364K
DMLP - Dorchester Minerals	0.57%	Reduce −1.9%	889,648	$33.72	$30M	−17,485	+$1M
JOE - The Saint Joe	0.55%	Reduce −6.5%	502,974	$57.97	$29M	−35,048	−$3M
GBTC - Ishares Bitcoin Trust	0.55%	New	716,932	$40.47	$29M	+716,932	+$29M
BG - Bunge Global SA	0.50%	Reduce −7.1%	258,966	$102.52	$27M	−19,854	−$2M
MMC - Marsh & Mclennan Cos	0.49%	Reduce −7.4%	126,449	$205.98	$26M	−10,137	+$167K
Sandstorm Gold	0.44%	Reduce −7.9%	4,429,446	$5.25	$23M	−378,921	−$931K
GBTC - Grayscale Bitcoin Trust	0.43%	Add +0.1%	1,379,860	$16.67	$23M	+1,129	+$17M
IPAR - Inter Parfums	0.42%	Reduce −0.1%	158,657	$140.51	$22M	−150	−$577K
Osisko Gold Royalties	0.39%	Reduce −7.6%	1,242,035	$16.42	$20M	−102,378	+$1M
WEN - Wendys	0.38%	Reduce −5.8%	1,065,402	$18.84	$20M	−65,605	−$2M
CCJ - Cameco	0.38%	Reduce −6.9%	462,927	$43.32	$20M	−34,505	−$1M
BRK.B - Berkshire Hathaway · CL B	0.36%	Reduce −2.4%	45,496	$420.52	$19M	−1,105	+$3M
WST - West Fraser Timber	0.35%	Reduce −21.6%	211,481	$86.43	$18M	−58,341	−$5M
CCL1EUR —	0.34%	Reduce −3.6%	1,098,718	$16.34	$18M	−40,950	−$3M
LTCN —	0.34%	Reduce −1.4%	460,460	$38.64	$18M	−6,729	+$10M
OSK - Oshkosh	0.32%	Add +0.1%	136,150	$124.71	$17M	+156	+$2M
Sitio Royalties · CLASS A	0.32%	Reduce −24.7%	682,761	$24.72	$17M	−223,843	−$4M
BAM — · CL A	0.29%	Reduce −4.2%	370,592	$42.02	$16M	−16,296	+$31K
NTR - Nutrien	0.29%	Reduce −4.2%	277,798	$54.31	$15M	−12,084	−$1M
TRC - Tejon Ranch	0.27%	Reduce −13.6%	937,324	$15.41	$14M	−147,804	−$4M
BND - Vanguard Bd Index Fds	0.26%	Reduce −5.5%	275,546	$49.55	$14M	−16,085	−$765K
FWONK - Liberty Media Del	0.24%	Reduce −3.9%	193,021	$65.60	$13M	−7,772	−$14K
VGSH - Vanguard Scottsdale Fds	0.24%	Reduce −2.1%	216,450	$58.07	$13M	−4,581	−$323K
EXP - Eagle Materials	0.22%	Add +110.4%	42,345	$271.75	$12M	+22,219	+$7M
RGLD - Royal Gold	0.21%	Reduce −29.9%	89,659	$121.81	$11M	−38,330	−$5M
SPAQ - Horzn Kntcs Spac	0.20%	Reduce −1.0%	109,284	$97.95	$11M	−1,072	−$16K
MA - Mastercard · CL A	0.19%	Reduce −2.8%	21,239	$481.56	$10M	−617	+$906K
RBA - Rb Global	0.17%	Add +25.5%	116,100	$76.17	$9M	+23,571	+$3M
FWONA - Liberty Media Del	0.15%	Reduce −3.8%	138,374	$58.74	$8M	−5,502	−$214K
ELS - Equity Lifestyle Pptys	0.15%	Reduce −9.7%	125,279	$64.40	$8M	−13,410	−$2M
SPGI - S&P Global	0.15%	Reduce −9.5%	18,806	$425.45	$8M	−1,981	−$1M
RCL - Royal Caribbean Group	0.15%	Reduce −0.6%	55,776	$139.01	$8M	−348	+$486K
NDAQ - Nasdaq	0.12%	Reduce −1.0%	104,059	$63.10	$7M	−1,017	+$457K
RPRX - Royalty Pharma · CLASS A	0.12%	Reduce −7.6%	200,288	$30.37	$6M	−16,402	−$4K
Burford Cap	0.11%	Add +0.3%	368,542	$15.97	$6M	+1,160	+$154K
MSGS - MSG Sports · CL A	0.11%	Reduce −3.4%	30,698	$184.52	$6M	−1,090	−$116K
WMB - Williams Cos	0.11%	Reduce −0.1%	144,011	$38.97	$6M	−215	+$589K
LBRDA - Liberty Broadband	0.10%	Reduce −4.4%	96,255	$57.23	$6M	−4,413	−$3M
SBR - Sabine Royalty Tr	0.10%	Add +147.8%	85,889	$63.59	$5M	+51,226	+$3M
TCOM - Tri Pointe Homes	0.10%	Add +55.7%	139,812	$38.66	$5M	+50,000	+$2M
SII - Sprott	0.10%	Reduce −7.1%	145,103	$36.96	$5M	−11,118	+$59K
XOM - Exxon Mobil	0.10%	Hold	45,484	$116.24	$5M	—	—
PTEN - Patterson Uti Energy	0.09%	Reduce −0.1%	400,712	$11.94	$5M	−589	+$450K
FCX - Freeport Mcmoran · CL B	0.09%	Reduce −1.8%	101,692	$47.02	$5M	−1,895	+$372K
SJT - San Juan Basin Rty Tr	0.09%	Add +567.0%	862,424	$5.29	$5M	+733,128	+$4M
ABBV - Abbvie	0.08%	Reduce −0.1%	24,017	$182.10	$4M	−23	+$648K
LBRT - Liberty Energy · CL A	0.08%	Add +835.0%	205,194	$20.72	$4M	+183,248	+$4M
MKL - Markel Group	0.07%	Reduce −2.0%	2,553	$1,521	$4M	−51	+$187K
XNEAX —	0.07%	Reduce −20.0%	338,936	$11.07	$4M	−84,779	−$909K
LLY - Eli Lilly And	0.07%	Add 0.0%	4,757	$777.96	$4M	+2	+$929K
XES - Spdr Ser Tr	0.07%	Reduce −18.6%	38,875	$93.09	$4M	−8,898	−$418K
MSFT - Microsoft	0.07%	Reduce −5.7%	8,523	$420.73	$4M	−512	+$188K
Bakkt · CL A	0.07%	Add +737.8%	7,766,695	$0.4598	$4M	+6,839,653	+$2M
MRK - Merck &	0.06%	Reduce −2.2%	25,961	$131.95	$3M	−580	+$532K
PCH - Potlatchdeltic	0.06%	Reduce −14.8%	70,670	$47.02	$3M	−12,240	−$748K
Liberty Media Del	0.06%	Reduce −9.6%	110,904	$29.71	$3M	−11,731	−$234K
RYN - Rayonier	0.05%	Reduce −29.9%	83,009	$33.24	$3M	−35,468	−$1M
ET - Energy Transfer Equity L P	0.05%	Reduce −3.0%	174,596	$15.73	$3M	−5,309	+$264K
KLAC - Kla-Tencor	0.05%	Reduce −3.2%	3,907	$698.57	$3M	−130	+$383K
INFL - Horizon Kinetics	0.05%	Reduce −1.6%	83,715	$32.56	$3M	−1,397	+$47K
JNJ - Johnson & Johnson	0.05%	Add +0.3%	17,180	$158.19	$3M	+50	+$33K
LVS - Las Vegas Sands	0.05%	Reduce −1.0%	52,309	$51.70	$3M	−550	+$103K
BSM —	0.05%	Hold	167,838	$15.98	$3M	—	—
Costamare	0.05%	Reduce −1.4%	230,600	$11.35	$3M	−3,234	+$183K
AMLP - Alps ETF Tr Alerian Mlp	0.05%	Reduce −47.8%	53,106	$47.46	$3M	−48,594	−$2M
CAT - Caterpillar	0.05%	Reduce −4.1%	6,673	$366.43	$2M	−286	+$388K
SPHR - Sphere Entertainment · CL A	0.05%	Add +0.1%	49,299	$49.08	$2M	+42	+$747K
BMY - Bristol Myers Squibbco	0.04%	Add +2.2%	43,488	$54.23	$2M	+952	+$176K
FNF - Fidelity National Financial	0.04%	Reduce −2.1%	42,971	$53.10	$2M	−900	+$43K
DHR - Danaher	0.04%	Reduce −2.1%	9,071	$249.72	$2M	−198	+$121K
CVX - Chevron	0.04%	Reduce −0.7%	14,083	$157.74	$2M	−100	+$106K
EPD - Enterprise Prods Partners L	0.04%	Reduce −25.3%	75,647	$29.18	$2M	−25,647	−$462K
SU - Suncor	0.04%	Reduce −2.0%	59,144	$36.91	$2M	−1,200	+$250K
BCDF - Horzn Kintcs Bl	0.04%	Add +15.7%	86,536	$25.00	$2M	+11,759	+$328K
BATRK - Atlanta Braves	0.04%	Reduce −4.9%	53,953	$39.06	$2M	−2,768	−$138K
PM - Philip Morris Intl	0.04%	Hold	22,864	$91.62	$2M	—	—
MSTR - Microstrategy	0.04%	Hold	279,734	$7.46	$2M	—	—
LHX - L3 Harris Technologies	0.04%	Reduce −1.0%	9,764	$213.11	$2M	−100	+$3K
EMR - Emerson Elec	0.04%	Reduce −1.6%	18,297	$113.42	$2M	−300	+$265K
NVO - Novo-Nordisk A S	0.04%	Reduce −0.1%	15,468	$128.40	$2M	−12	+$385K
IRM - Iron Mtn	0.04%	Reduce −7.4%	24,500	$80.21	$2M	−1,950	+$114K
CSCO - Cisco Systems	0.04%	Reduce −0.3%	39,186	$49.91	$2M	−100	−$29K
WT - Wisdomtree	0.04%	Add +2.5%	210,811	$9.19	$2M	+5,078	+$512K
OPLN - Openlane	0.04%	Add 0.0%	109,419	$17.30	$2M	+5	+$273K
CSW - Csw Industrials	0.04%	Reduce −11.1%	8,000	$234.60	$2M	−1,000	+$10K
CLB - Core Laboratories	0.04%	Reduce −20.2%	109,308	$17.08	$2M	−27,600	−$551K
Liberty Media Del	0.04%	Reduce −11.2%	42,462	$43.82	$2M	−5,349	+$73K
MSGE - MSG Entertainment · CL A	0.03%	Reduce −4.4%	47,200	$39.21	$2M	−2,176	+$281K
Fitlife Brands	0.03%	Hold	77,228	$23.81	$2M	—	—
KMI - Kinder Morgan Del	0.03%	Reduce −38.4%	99,785	$18.34	$2M	−62,148	−$1M
FIS - Fidelity Natl Info	0.03%	Add +0.8%	24,340	$74.18	$2M	+200	+$355K
MO - Altria Group	0.03%	Reduce −0.1%	39,306	$43.62	$2M	−50	+$127K
VOO - Vanguard Index Fds	0.03%	Reduce −1.9%	3,566	$480.70	$2M	−69	+$126K
MHD —	0.03%	Add +7.9%	140,030	$12.08	$2M	+10,213	+$145K
VRSK - Verisk Analytics · CL A	0.03%	Hold	7,000	$235.73	$2M	—	—
PFE - Pfizer	0.03%	Add +13.9%	57,145	$27.75	$2M	+6,979	+$141K
AAPL - Apple	0.03%	Reduce −4.8%	9,057	$171.49	$2M	−460	−$279K
SVXY - Proshares Tr Ii	0.03%	Add +98.1%	26,448	$56.37	$1M	+13,094	+$110K
REZI - Resideo Technologies	0.03%	Reduce −2.9%	65,846	$22.42	$1M	−2,000	+$199K
OIH - Vaneck ETF Trust	0.03%	Reduce −0.8%	4,288	$336.32	$1M	−35	+$104K
INTC - Intel	0.03%	Add +3.2%	32,405	$44.17	$1M	+1,006	−$146K
BA - Boeing	0.03%	Reduce −87.5%	6,916	$192.99	$1M	−48,598	−$13M
RMT - Royce Micro-Cap Tr	0.02%	Reduce −2.5%	139,715	$9.45	$1M	−3,602	−$4K
ROK - Rockwell Automation	0.02%	Hold	4,500	$291.33	$1M	—	—
Sealed Air	0.02%	Reduce −10.7%	35,160	$37.20	$1M	−4,200	−$129K
SON - Sonoco Products	0.02%	Reduce −0.4%	22,550	$57.84	$1M	−100	+$39K
NAD - Nuveen Quality Muni Fd	0.02%	Reduce −32.8%	113,607	$11.46	$1M	−55,365	−$633K
FHI - Federated Hermes · CL B	0.02%	Reduce −4.3%	35,874	$36.12	$1M	−1,612	+$26K
HON - Honeywell Intl	0.02%	Hold	6,153	$205.25	$1M	—	—
TD - Toronto Dominion Bk Ont	0.02%	Add +0.4%	20,775	$60.38	$1M	+75	−$83K
WY - Weyerhaeuser	0.02%	Reduce −13.9%	34,918	$35.91	$1M	−5,626	−$156K
BX - Blackstone · CL A	0.02%	Reduce −3.5%	9,510	$131.37	$1M	−340	−$40K
Metalla Rty & Streaming	0.02%	Hold	399,518	$3.11	$1M	—	—
BLK - Blackrock Muni Income Fd	0.02%	Reduce −3.1%	102,157	$12.06	$1M	−3,304	+$4K
WPC - W P Carey	0.02%	Add +10.1%	21,800	$56.44	$1M	+2,000	−$53K
RTX - Raytheon	0.02%	Add +0.4%	12,564	$97.53	$1M	+50	+$172K
V - VISA · CL A	0.02%	Hold	4,339	$279.08	$1M	—	—
MPC - Marathon Petroleum	0.02%	Reduce −2.5%	5,970	$201.50	$1M	−150	+$295K
NVDA - Nvidia	0.02%	Reduce −5.3%	1,326	$903.56	$1M	−74	+$505K
BATRA - Atlanta Braves	0.02%	Reduce −5.3%	27,670	$41.90	$1M	−1,535	−$90K
MCD - Mcdonalds	0.02%	Hold	4,107	$281.95	$1M	—	—
KRP - Kimbell Rty Partners	0.02%	Reduce −3.7%	74,595	$15.52	$1M	−2,828	−$7K
GE - GE Aerospace	0.02%	Reduce −7.9%	6,579	$175.53	$1M	−568	+$243K
ABT - Abbott Labs	0.02%	Reduce −1.0%	10,091	$113.66	$1M	−100	+$25K
NVS - Novartis AG Sponsored	0.02%	Hold	11,797	$96.73	$1M	—	—
GDXJ - Vaneck ETF Trust	0.02%	Reduce −9.1%	28,823	$38.74	$1M	−2,896	−$86K
DBL - Doubleline Opportunistic Cr	0.02%	Hold	70,809	$15.42	$1M	—	—
ETCG —	0.02%	Add +14.4%	64,629	$16.89	$1M	+8,131	+$419K
CVS - Cvs Health	0.02%	Reduce −1.4%	13,657	$79.76	$1M	−200	−$5K
PDI - Pimco Dynamic Income Fd	0.02%	Reduce −0.4%	56,448	$19.29	$1M	−248	+$71K
GSK - GSK PLC	0.02%	Hold	25,165	$42.87	$1M	—	—
MDLZ - Mondelez Intl · CL A	0.02%	Reduce −3.3%	15,367	$70.00	$1M	−524	−$75K
JFR - Nuveen Floating Rate Income	0.02%	Hold	120,831	$8.73	$1M	—	—
BN - Brookfield Infrastructure Partners	0.02%	Reduce −10.1%	33,771	$31.21	$1M	−3,800	−$129K
AMGN - Amgen	0.02%	Hold	3,677	$284.32	$1M	—	—
SBLK - Star Bulk Carriers	0.02%	Add +5.9%	43,574	$23.87	$1M	+2,444	+$166K
BAC - Bank of America	0.02%	Reduce −1.4%	27,275	$37.92	$1M	−400	+$102K
BGC - BGC Group · CL A	0.02%	Reduce −15.5%	129,659	$7.77	$1M	−23,795	−$100K
SPY - Spdr S&P 500 ETF Tr	0.02%	Reduce −29.8%	1,917	$523.07	$1M	−813	−$295K
Kraneshares Tr	0.02%	Reduce −4.8%	32,507	$30.76	$1,000K	−1,623	−$245K
QCOM - Qualcomm	0.02%	Reduce −4.2%	5,772	$169.30	$977K	−250	+$106K
Holding	0.02%	Hold	41,029	$23.72	$973K	—	—
GOOG - Alphabet · CL C	0.02%	Reduce −34.5%	6,186	$152.26	$942K	−3,259	−$389K
CMS - CMS Energy	0.02%	Hold	15,475	$60.34	$934K	—	—
RCG - Renn Fund	0.02%	Add +0.6%	574,855	$1.58	$908K	+3,529	−$69K
AZNN —	0.02%	Add 0.0%	13,406	$67.75	$908K	+2	+$5K
JPM - Jp Morgan Chase &	0.02%	Add +75.9%	4,459	$200.30	$893K	+1,924	+$462K
VXF - Vanguard Index Fds	0.02%	Reduce −50.3%	5,065	$175.29	$888K	−5,132	−$789K
NSC - Norfolk Southn	0.02%	Reduce −1.0%	3,458	$254.87	$881K	−35	+$56K
ADI - Analog Devices	0.02%	Reduce −0.5%	4,421	$197.78	$874K	−24	−$8K
LEN - Lennar · CL A	0.02%	Reduce −1.0%	5,077	$171.98	$873K	−50	+$109K
MSTR - Pimco Income Strategy Fund	0.02%	Hold	99,091	$8.48	$840K	—	—
APYX - Apyx Med	0.02%	Hold	615,000	$1.36	$836K	—	—
DSL - Doubleline Income Solutions	0.02%	Add +1.4%	64,223	$12.70	$816K	+860	+$40K
GLD - Spdr Gold Tr	0.02%	Reduce −0.3%	3,943	$205.72	$811K	−10	+$55K
BN - Brookfield · CL A	0.02%	Reduce −1.4%	19,181	$41.56	$797K	−273	+$19K
EBAY - EBAY Inc	0.01%	Reduce −7.6%	14,528	$52.78	$767K	−1,200	+$81K
XFRAX —	0.01%	Hold	59,291	$12.92	$766K	—	—
GOOGL - Alphabet · CL A	0.01%	Reduce −9.4%	5,047	$150.93	$762K	−522	−$16K
EOG - Eog Res	0.01%	Reduce −3.3%	5,818	$127.84	$744K	−200	+$16K
NEM - Newmont	0.01%	Add +5.6%	20,368	$35.84	$730K	+1,085	−$68K
CRSP - Crispr Therapeutics AG	0.01%	Hold	10,682	$68.16	$728K	—	—
NRK —	0.01%	Hold	66,896	$10.87	$727K	—	—
WOOD - Ishares Tr	0.01%	Reduce −12.9%	8,558	$84.38	$722K	−1,266	−$77K
SLV - Ishares Silver Tr	0.01%	Reduce −3.3%	31,572	$22.75	$718K	−1,091	+$7K
SYK - Stryker	0.01%	Hold	2,000	$357.87	$716K	—	—
REGN - Regeneron Pharmaceuticals	0.01%	Add +0.1%	736	$962.49	$708K	+1	+$63K
IBM - I B M	0.01%	Hold	3,630	$190.96	$693K	—	—
LIN - Linde	0.01%	Hold	1,460	$464.32	$678K	—	—
BK - Bank Of New York Mellon	0.01%	Hold	11,764	$57.62	$678K	—	—
BIIB - Biogen	0.01%	Add +0.1%	3,121	$215.63	$673K	+2	−$134K
BRK.A - Berkshire Hathaway · CL A	0.01%	Hold	1	$634,440	$634K	—	—
MMM - 3M	0.01%	Add +41.4%	5,950	$106.07	$631K	+1,741	+$171K
ALKS - Alkermes	0.01%	Hold	23,033	$27.07	$624K	—	—
Liberty Media Del	0.01%	Add +0.3%	20,774	$29.70	$617K	+63	+$22K
BLK - Blackrock Munihldgs Quality Fund Ii	0.01%	Hold	60,430	$10.18	$615K	—	—
RQI - Cohen & Steers Quality Rlty	0.01%	Reduce −1.2%	50,633	$12.08	$612K	−600	−$15K
DGX - Quest Diagnostics	0.01%	Reduce −2.2%	4,550	$133.11	$606K	−100	−$35K
DIS - Disney Walt	0.01%	Hold	4,627	$122.37	$566K	—	—
RYN - Rayonier Advanced Matls	0.01%	Hold	116,550	$4.78	$557K	—	—
BXMT — · CL A	0.01%	Reduce −0.7%	27,850	$19.91	$554K	−200	−$42K
RSP —	0.01%	Reduce −45.0%	3,232	$169.36	$547K	−2,646	−$380K
IONS - Ionis Pharmaceuticals	0.01%	Hold	12,476	$43.35	$541K	—	—
MOV - Movado Group	0.01%	Reduce −0.2%	18,661	$27.93	$521K	−29	−$42K
KKR —	0.01%	Hold	5,058	$100.58	$509K	—	—
AJG - Gallagher Arthur J &	0.01%	Hold	1,996	$250.04	$499K	—	—
GS - Goldman Sachs Group	0.01%	Hold	1,193	$417.69	$498K	—	—
RIO - Rio Tinto	0.01%	Add +0.7%	7,696	$63.74	$491K	+50	−$79K
MYI —	0.01%	Hold	42,654	$11.46	$489K	—	—
GBX - Greenbrier Cos	0.01%	Hold	9,000	$52.10	$469K	—	—
SEB - Seaboard	0.01%	Reduce −10.6%	144	$3,224	$464K	−17	−$111K
L - Loews	0.01%	Reduce −2.5%	5,771	$78.29	$452K	−147	+$40K
VTI - Vanguard Index Fds	0.01%	Hold	1,722	$259.90	$448K	—	—
BTZ —	0.01%	Hold	40,634	$10.69	$434K	—	—
NBH - Neuberger Berman Muni Fd	0.01%	Hold	41,396	$10.47	$433K	—	—
ALNY - Alnylam Pharmaceuticals	0.01%	Hold	2,880	$149.45	$430K	—	—
Liberty Media Del	0.01%	Reduce −3.9%	9,989	$42.35	$423K	−404	+$43K
CMCSA - Comcast · CL A	0.01%	Hold	9,655	$43.35	$419K	—	—
NBB - Nuveen Build American	0.01%	Reduce −5.8%	26,954	$15.32	$413K	−1,666	−$39K
SLB - Schlumberger	0.01%	Reduce −1.3%	7,419	$54.81	$407K	−96	+$16K
DOW - DOW Inc	0.01%	Add +0.1%	6,991	$57.93	$405K	+4	+$22K
BLK - Blackrock Muniyield Quality	0.01%	Add +23.4%	38,279	$10.51	$402K	+7,271	+$81K
GDX - Vaneck ETF Trust	0.01%	Reduce −4.5%	12,651	$31.62	$400K	−594	−$11K
INTC - Intellia Therapeutics	0.01%	Hold	14,396	$27.51	$396K	—	—
TW - Tradeweb Mkts · CL A	0.01%	Add +36.3%	3,753	$104.17	$391K	+1,000	+$141K
FHI - Federated Hermes	0.01%	Hold	35,189	$11.07	$390K	—	—
PEP - Pepsico	0.01%	Reduce −4.4%	2,195	$175.01	$384K	−100	−$6K
VMI - Valmont Inds	0.01%	Reduce −10.7%	1,675	$228.28	$382K	−200	−$55K
IAU - Ishares Gold Tr	0.01%	Hold	8,790	$42.01	$369K	—	—
BP - BP Spons	0.01%	Hold	9,519	$37.68	$359K	—	—
BCYC —	0.01%	Hold	14,396	$24.90	$358K	—	—
UNP - Union Pacific	0.01%	Reduce −0.6%	1,450	$245.93	$357K	−9	−$2K
GPC - Genuine Parts	0.01%	Hold	2,300	$154.93	$356K	—	—
KO - Coca Cola	0.01%	Add +1.8%	5,740	$61.18	$351K	+100	+$19K
NZF - Nuveen Municipal Credit	0.01%	Reduce −14.7%	28,145	$12.24	$344K	−4,839	−$45K
TFPM - Triple Flag Precious Metal	0.01%	Reduce −2.0%	23,144	$14.45	$334K	−480	+$20K
BLK - Blackrock Munivest Fd	0.01%	Hold	46,440	$7.06	$328K	—	—
AWR —	0.01%	Add +1.1%	4,518	$72.24	$326K	+50	−$33K
MTN - Vail Resorts	0.01%	Hold	1,457	$222.83	$325K	—	—
CNS - Cohen & Steers	0.01%	Add +1.1%	4,204	$76.88	$323K	+47	+$8K
BEAM - Beam Therapeutics	0.01%	Hold	9,597	$33.04	$317K	—	—
GEHC - GE HealthCare	0.01%	Reduce −5.5%	3,471	$90.91	$316K	−201	+$32K
KHC - Kraft Heinz	0.01%	Add +6.5%	8,427	$36.90	$311K	+516	+$18K
ETN - Eatom	0.01%	Hold	975	$312.68	$305K	—	—
AMT - American Tower Reit	0.01%	Add +10.0%	1,540	$197.59	$304K	+140	+$2K
OXY - Occidental	0.01%	Hold	4,546	$64.99	$295K	—	—
DORM - Dorman Products	0.01%	Hold	3,000	$96.39	$289K	—	—
PHYS —	0.01%	Hold	16,621	$17.30	$288K	—	—
BWXT - BWX Technologies	0.01%	Reduce −5.9%	2,786	$102.62	$286K	−175	+$59K
META - Meta Platforms · CL A	0.01%	Hold	583	$485.33	$283K	—	—
CL - Colgate Palmolive	0.01%	Hold	2,978	$90.05	$268K	—	—
Holding	0.01%	Hold	34,357	$7.72	$265K	—	—
IFF - International Flavors & Fragrances	0.00%	Hold	3,050	$85.99	$262K	—	—
GM - General Mtrs	0.00%	Reduce −21.8%	5,750	$45.35	$261K	−1,600	−$3K
ETN - Eaton Vance Sr Fltng Rte Tr	0.00%	Hold	20,001	$13.03	$261K	—	—
VZ - Verizon Communications	0.00%	Reduce −42.2%	6,175	$41.96	$259K	−4,500	−$143K
AFL - Aflac	0.00%	Hold	3,000	$85.86	$258K	—	—
LTRN - Lantern Pharma	0.00%	Hold	28,791	$8.80	$253K	—	—
EDIT - Editas Medicine	0.00%	Hold	31,720	$7.42	$235K	—	—
CNP - Centerpoint Energy	0.00%	Hold	8,233	$28.49	$235K	—	—
NAN - Nuveen Ny Qlty Income Fd	0.00%	Hold	20,838	$10.95	$228K	—	—
COP - Conocophillips	0.00%	Reduce −14.4%	1,788	$127.28	$228K	−300	−$15K
Wstrn Ast Infl Lkd Opp & I	0.00%	Hold	26,336	$8.63	$227K	—	—
IVZ - Invesco Quality Muni	0.00%	Hold	22,402	$9.68	$217K	—	—
VLTO - Veralto	0.00%	Reduce −24.1%	2,436	$88.66	$216K	−775	−$48K
AWK —	0.00%	Add +4.7%	1,749	$122.23	$214K	+78	−$7K
MKTX - Marketaxess	0.00%	Add +33.7%	969	$219.25	$212K	+244	$—
JPM - Jp Morgan Exchange Traded F	0.00%	Reduce −78.3%	4,172	$50.45	$210K	−15,089	−$757K
RA —	0.00%	Hold	16,158	$12.92	$209K	—	—
PCM - Pcm Fund	0.00%	Hold	24,532	$8.27	$203K	—	—
SAN —	0.00%	Hold	41,410	$4.84	$200K	—	—
NIM —	0.00%	Hold	21,500	$8.99	$193K	—	—
ETN - Eaton Vance Mun Bd Fd	0.00%	Hold	17,692	$10.35	$183K	—	—
NVG —	0.00%	Add +0.5%	14,455	$12.15	$176K	+79	+$6K
ETHE —	0.00%	Add +0.1%	6,509	$26.15	$170K	+4	+$44K
BGT —	0.00%	Hold	12,678	$12.98	$165K	—	—
ASTL - Algoma Stl Group	0.00%	Add +0.4%	18,880	$8.49	$160K	+73	−$28K
RLMD - Relmada Therapeutics	0.00%	Hold	30,000	$4.65	$140K	—	—
ETN - Eaton Vance Sr Income Tr	0.00%	Hold	21,730	$6.36	$138K	—	—
Holding	0.00%	Add +0.1%	13,597	$10.01	$136K	+15	+$17K
GALT - Galectin Therapeutics	0.00%	Hold	53,742	$2.39	$128K	—	—
PML - Pimco Mun Income Fd Ii	0.00%	Hold	15,050	$8.50	$128K	—	—
ZCSH - Grayscale Zcash Tr Zec	0.00%	Hold	15,492	$7.92	$123K	—	—
ETN - Eaton Vance Duration	0.00%	Hold	12,417	$9.75	$121K	—	—
JPC —	0.00%	Hold	16,714	$7.19	$120K	—	—
HLN - Haleon	0.00%	Hold	14,082	$8.49	$120K	—	—
REPL - Replimune Group	0.00%	Hold	14,396	$8.17	$118K	—	—
IVZ - Invesco	0.00%	Hold	10,414	$10.75	$112K	—	—
XCXEX - Mfs High Income Mun Tr	0.00%	Reduce −50.2%	30,507	$3.63	$111K	−30,790	−$107K
NMZ - Nuveen Mun High Opp Fd	0.00%	Hold	10,369	$10.56	$109K	—	—
VNDA - Vanda Pharmaceuticals	0.00%	Hold	25,912	$4.11	$106K	—	—
APLD - Applied Digital	0.00%	Add +36.4%	23,568	$4.28	$101K	+6,284	−$16K
NUV - Nuveen Mun Value Fd	0.00%	Hold	11,550	$8.71	$101K	—	—
Holding	0.00%	Hold	17,275	$5.35	$92K	—	—
ALLO - Allogene Therapeutics	0.00%	Hold	19,194	$4.47	$86K	—	—
Scripps E W Ohio · CL A	0.00%	Hold	20,000	$3.93	$79K	—	—
OIS - Oil State International	0.00%	Reduce −7.0%	12,559	$6.16	$77K	−952	−$14K
TTI - Tetra Technologies Del	0.00%	Hold	13,600	$4.43	$60K	—	—
GBAT —	0.00%	Hold	2,089	$22.50	$47K	—	—
Bluebird Bio	0.00%	Hold	36,468	$1.28	$47K	—	—
PACB —	0.00%	Hold	11,517	$3.75	$43K	—	—
IVZ - Invesco Sr Income Tr	0.00%	Hold	10,000	$4.28	$43K	—	—
BITF - Bitfarms	0.00%	Hold	18,300	$2.23	$41K	—	—
MANA —	0.00%	Hold	691	$51.50	$36K	—	—
Salarius Pharmaceuticals	0.00%	Hold	31,094	$0.5286	$16K	—	—
Nucana Sponsored	0.00%	Hold	19,467	$0.2600	$5K	—	—

Showing top 50 of 308 by value

Exits / last held

not current holdings · last reported size, unchanged · gone vs 2023 Q4

Stock	% of portfolio	Recent activity	Reported price*	Value	Share change	$ change
PARA - Paramount Global · CL B	0.02%	Exit	$14.79	$721K	−48,761	−$721K
IVZ - Invesco	0.01%	Exit	$11.74	$384K	−32,702	−$384K
CSWC - Capital Southwest	0.01%	Exit	$23.72	$370K	−15,600	−$370K
MOS - Mosaic	0.01%	Exit	$35.78	$297K	−8,300	−$297K
BLK - Blackrock	0.01%	Exit	$20.77	$269K	−12,950	−$269K
BHP - BHP Group	—	Exit	$68.35	$214K	−3,131	−$214K
LBRDA - Liberty Broadband	—	Exit	$80.59	$208K	−2,581	−$208K
LXU - Lsb Inds	—	Exit	$9.32	$164K	−17,600	−$164K
LILA - Liberty Latin America · CL C	—	Exit	$7.34	$124K	−16,887	−$124K
Rain Oncology	—	Exit	$1.21	$29K	−23,992	−$29K
Alaunos Therapeutics	—	Exit	$0.0588	$2K	−34,000	−$2K

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