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

2024 Q2 2024 Q1 · filed 14 Aug · long equity

TPL - Texas Pacific Land 47.40% Reduce −2.2% 3,694,427 $734.27 $2.7B −81,956 +$528M
GBTC - Grayscale Bitcoin 13.88% Reduce −0.4% 14,917,448 $53.24 $794M −56,739 −$152M
CACI - Caci Intl · CL A 2.79% Reduce −0.2% 370,577 $430.13 $159M −558 +$19M
WPM - Wheaton Precious Metals 2.53% Add +2.8% 2,761,508 $52.42 $145M +76,517 +$18M
LB - Landbridge · CL A 1.90% New 4,705,899 $23.15 $109M +4,705,899 +$109M
FNV - Franco Nevada 1.90% Add +2.4% 918,602 $118.52 $109M +21,253 +$2M
ICE - Intercontinental Exchange 1.78% Add +2.1% 743,788 $136.89 $102M +15,245 +$2M
CVEO - Civeo 1.43% Reduce −1.0% 3,285,946 $24.92 $82M −33,000 −$7M
CBOE - Cboe Global Markets 1.20% Reduce −0.6% 404,239 $170.06 $69M −2,368 −$6M
Viper Energy · CL A 0.87% Add +13.5% 1,320,385 $37.53 $50M +157,458 +$5M
SAIC - Science Applicatns Intl Cp 0.84% Add +0.9% 408,206 $117.55 $48M +3,677 −$5M
BN - Brookfield · CL A 0.84% Reduce −5.9% 1,150,865 $41.54 $48M −72,107 −$3M
AN - Autonation 0.81% Reduce −0.5% 291,709 $159.38 $46M −1,407 −$2M
MSB - Mesabi Tr 0.79% Add +0.8% 2,622,206 $17.23 $45M +21,208 −$857K
PBT - Permian Basin Rty Tr 0.72% Add +3.9% 3,683,203 $11.26 $41M +138,183 −$1M
ADM - Archer Daniels Midland 0.71% Add +8.6% 674,410 $60.45 $41M +53,126 +$2M
Holding · CL A 0.60% Reduce −2.8% 1,011,556 $34.02 $34M −28,832 +$382K
LYV - Live Nation Entertainment 0.60% Reduce −4.1% 366,259 $93.74 $34M −15,789 −$6M
CRL - Charles Riv Labs Intl 0.58% Add +0.7% 160,381 $206.58 $33M +1,170 −$10M
HHH - Howard Hughes 0.57% Reduce −4.1% 503,797 $64.82 $33M −21,576 −$5M
BG - Bunge Global SA 0.54% Add +11.1% 287,838 $106.77 $31M +28,872 +$4M
JOE - The Saint Joe 0.51% Add +5.6% 531,305 $54.70 $29M +28,331 −$95K
CME - CME Group 0.48% Reduce −29.5% 140,612 $196.60 $28M −58,788 −$15M
DMLP - Dorchester Minerals 0.48% Add +0.2% 891,683 $30.85 $28M +2,035 −$2M
PAG - Penske Automotive Grp 0.48% Reduce −0.8% 183,981 $149.02 $27M −1,576 −$3M
MSTR - Microstrategy · CL A 0.45% Reduce −0.7% 18,836 $1,377 $26M −132 −$6M
CCJ - Cameco 0.45% Add +12.2% 519,228 $49.20 $26M +56,301 +$5M
MMC - Marsh & Mclennan Cos 0.44% Reduce −5.3% 119,714 $210.72 $25M −6,735 −$820K
GBTC - Ishares Bitcoin Trust 0.43% Add +0.4% 720,040 $34.14 $25M +3,108 −$4M
Osisko Gold Royalties 0.38% Add +12.3% 1,394,479 $15.58 $22M +152,444 +$1M
Sandstorm Gold 0.38% Reduce −10.0% 3,985,694 $5.44 $22M −443,752 −$2M
CCL1EUR — 0.36% Reduce −0.6% 1,091,749 $18.72 $20M −6,969 +$2M
BRK.B - Berkshire Hathaway · CL B 0.32% Reduce −0.8% 45,121 $406.80 $18M −375 −$777K
Sitio Royalties · CLASS A 0.32% Add +13.5% 774,950 $23.61 $18M +92,189 +$1M
WST - West Fraser Timber 0.32% Add +12.2% 237,176 $76.87 $18M +25,695 −$47K
IPAR - Inter Parfums 0.32% Reduce −1.8% 155,814 $116.03 $18M −2,843 −$4M
WEN - Wendys 0.30% Reduce −6.0% 1,001,832 $16.96 $17M −63,570 −$3M
NTR - Nutrien 0.27% Add +11.3% 309,102 $50.91 $16M +31,304 +$649K
TRC - Tejon Ranch 0.27% Reduce −3.0% 908,944 $17.06 $16M −28,380 +$1M
BND - Vanguard Bd Index Fds 0.26% Add +9.1% 300,704 $49.52 $15M +25,158 +$1M
OSK - Oshkosh 0.26% Add +0.2% 136,460 $108.20 $15M +310 −$2M
VGSH - Vanguard Scottsdale Fds 0.23% Add +4.1% 225,416 $57.99 $13M +8,966 +$503K
SPAQ - Horzn Kntcs Spac 0.21% Add +12.3% 122,699 $98.31 $12M +13,415 +$1M
RGLD - Royal Gold 0.19% Reduce −0.7% 88,988 $125.16 $11M −671 +$216K
BAM — · CL A 0.18% Reduce −27.1% 270,292 $38.05 $10M −100,300 −$5M
GBTC - Grayscale Bitcoin Cash 0.17% Reduce −30.9% 953,437 $10.30 $10M −426,423 −$13M
MA - Mastercard · CL A 0.16% Reduce −0.5% 21,128 $441.15 $9M −111 −$907K
RBA - Rb Global 0.16% Add +1.2% 117,474 $76.36 $9M +1,374 +$127K
RCL - Royal Caribbean Group 0.16% Add +0.7% 56,172 $159.43 $9M +396 +$1M
BKKT - Bakkt · CL A 0.15% New 449,240 $18.92 $8M +449,240 +$8M

Showing top 50 of 315 by value

Exits / last held

not current holdings · last reported size, unchanged · gone vs 2024 Q1

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
Bakkt · CL A 0.07% Exit 0 $0.4598 $4M −7,766,695 −$4M
CLB - Core Laboratories 0.04% Exit 0 $17.08 $2M −109,308 −$2M
UNP - Union Pacific 0.01% Exit 0 $246.21 $357K −1,450 −$357K
MTN - Vail Resorts 0.01% Exit 0 $223.06 $325K −1,457 −$325K
VZ - Verizon Communications Exit 0 $41.94 $259K −6,175 −$259K
D - Dominion Enery Exit 0 $49.10 $221K −4,501 −$221K
IWC - Ishares Tr Exit 0 $120.93 $208K −1,720 −$208K
IVZ - Invesco Sr Income Tr Exit 0 $4.30 $43K −10,000 −$43K
Salarius Pharmaceuticals Exit 0 $0.5146 $16K −31,094 −$16K
Nucana Sponsored Exit 0 $0.2568 $5K −19,467 −$5K

* 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 2024 Q1. 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