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 Q4 2024 Q3 · filed 10 Feb · long equity

TPL - Texas Pacific Land 49.66% Reduce −2.4% 3,606,579 $1,106 $4B −87,786 +$720M
GBTC - Grayscale Bitcoin 13.98% Reduce −0.3% 15,168,163 $74.02 $1.1B −39,897 +$355M
LB - Landbridge · CL A 4.34% Add +4.0% 5,399,275 $64.60 $349M +208,408 +$146M
WPM - Wheaton Precious Metals 2.05% Add +6.4% 2,931,246 $56.24 $165M +177,071 −$3M
CACI - Caci Intl · CL A 1.81% Reduce −2.3% 359,495 $404.06 $145M −8,573 −$40M
BTC - Grayscale Bitcoin Mini Tr 1.60% New 3,064,302 $41.87 $128M +3,064,302 +$128M
ICE - Intercontinental Exchange 1.49% Add +7.9% 804,581 $149.01 $120M +59,055 +$129K
FNV - Franco Nevada 1.45% Add +5.6% 988,033 $117.59 $116M +52,199 −$95K
CBOE - Cboe Global Markets 1.01% Reduce −0.8% 414,474 $195.40 $81M −3,190 −$5M
MSB - Mesabi Tr 0.99% Add +6.9% 2,843,010 $28.11 $80M +183,387 +$20M
Viper Energy · CL A 0.97% Add +20.4% 1,589,404 $49.07 $78M +268,959 +$18M
BN - Brookfield · CL A 0.87% Add +15.3% 1,218,597 $57.45 $70M +161,891 +$14M
CVEO - Civeo 0.87% Reduce −5.8% 3,064,019 $22.72 $70M −187,590 −$19M
DBRG - Digitalbridge Group · CL A 0.63% Add +868.9% 4,483,340 $11.28 $51M +4,020,627 +$44M
AN - Autonation 0.60% Reduce −1.6% 282,198 $169.84 $48M −4,565 −$3M
MSTR - Microstrategy · CL A 0.60% Reduce −14.3% 165,315 $289.62 $48M −27,590 +$15M
GBTC - Ishares Bitcoin Trust 0.57% Add +7.3% 864,272 $53.05 $46M +58,469 +$17M
SAIC - Science Applicatns Intl 0.57% Add +0.9% 406,695 $111.78 $45M +3,730 −$11M
PBT - Permian Basin Rty Tr 0.54% Add +7.1% 3,946,083 $11.08 $44M +261,819 −$83K
LYV - Live Nation Entertainment 0.53% Reduce −7.5% 329,735 $129.50 $43M −26,574 +$4M
HHH - Howard Hughes 0.44% Reduce −7.5% 458,597 $76.92 $35M −37,214 −$3M
CCJ - Cameco 0.39% Add +19.1% 616,951 $51.39 $32M +99,123 +$7M
Associated Cap Group · CL A 0.39% Reduce −5.9% 917,630 $34.26 $31M −57,498 −$3M
MMC - Marsh & Mclennan Cos 0.38% Add +21.5% 144,628 $212.41 $31M +25,554 +$4M
DMLP - Dorchester Minerals 0.38% Add +1.3% 908,646 $33.33 $30M +11,753 +$3M
Osisko Gold Royalties 0.37% Add +19.2% 1,659,922 $18.10 $30M +267,777 +$4M
CME - CME Group 0.36% Reduce −2.2% 125,853 $232.23 $29M −2,860 +$826K
PAG - Penske Automotive Grp 0.35% Add +0.8% 182,966 $152.44 $28M +1,486 −$2M
ADM - Archer Daniels Midland 0.34% Reduce −16.5% 545,719 $50.52 $28M −108,092 −$11M
CCL1EUR — 0.34% Add +0.1% 1,084,131 $24.92 $27M +1,182 +$7M
JOE - The Saint Joe 0.32% Add +7.7% 564,202 $44.93 $25M +40,354 −$5M
BG - Bunge Global SA 0.31% Add +18.2% 319,121 $77.76 $25M +49,046 −$1M
WST - West Fraser Timber 0.30% Add +18.7% 281,367 $86.55 $24M +44,424 +$1M
HE - Hawaiian Elec Industries 0.29% New 2,379,498 $9.73 $23M +2,379,498 +$23M
Sandstorm Gold 0.26% Reduce −2.9% 3,788,672 $5.58 $21M −113,047 −$2M
BRK.B - Berkshire Hathaway · CL B 0.25% Reduce −3.1% 43,600 $453.28 $20M −1,378 −$938K
WTM - White Mtns Ins Group 0.24% Add +41.3% 10,089 $1,945 $20M +2,951 +$8M
IPAR - Inter Parfums 0.24% Reduce −3.1% 147,120 $131.51 $19M −4,695 −$309K
Sitio Royalties · CLASS A 0.21% Add +11.9% 862,426 $19.18 $17M +91,685 +$479K
TRC - Tejon Ranch 0.17% Reduce −5.3% 851,294 $15.90 $14M −47,812 −$2M
OSK - Oshkosh 0.17% Reduce −0.7% 140,119 $95.07 $13M −1,021 −$823K
RCL - Royal Caribbean Group 0.16% Reduce −1.3% 57,153 $230.69 $13M −728 +$3M
WEN - Wendys 0.16% Reduce −7.7% 782,621 $16.30 $13M −64,895 −$2M
BAM — · CL A 0.16% Reduce −2.6% 234,360 $54.19 $13M −6,220 +$1M
VGSH - Vanguard Scottsdale Fds 0.16% Reduce −3.8% 215,098 $58.18 $13M −8,401 −$677K
SPAQ - Listed Fd Tr 0.15% Reduce −2.5% 125,435 $98.41 $12M −3,256 −$419K
CRL - Charles Riv Labs Intl 0.14% Reduce −47.9% 59,840 $184.60 $11M −54,922 −$12M
MA - Mastercard · CL A 0.13% Reduce −1.8% 19,291 $526.56 $10M −347 +$461K
RBA - Rb Global 0.12% Reduce −6.3% 110,630 $90.21 $10M −7,379 +$481K
RGLD - Royal Gold 0.12% Reduce −2.1% 74,792 $131.85 $10M −1,575 −$853K

Showing top 50 of 337 by value

Exits / last held

not current holdings · last reported size, unchanged · gone vs 2024 Q3

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
BTC - Grayscale Bitcoin Mini Tr 1.29% Exit 0 $5.63 $86M −15,282,793 −$86M
CVS - Cvs Health 0.01% Exit 0 $62.90 $807K −12,830 −$807K
BXMT — · CL A 0.01% Exit 0 $19.00 $720K −37,900 −$720K
TQQQ - Proshares Tr 0.01% Exit 0 $72.52 $515K −7,101 −$515K
Proshares Tr 0.01% Exit 0 $7.40 $486K −65,719 −$486K
BLK - Blackrock Munivest Fd 0.01% Exit 0 $7.60 $353K −46,440 −$353K
VLTO - Veralto Exit 0 $111.99 $255K −2,277 −$255K
ASTL - Algoma Stl Group Exit 0 $10.24 $195K −19,044 −$195K
Holding Exit 0 $14.39 $164K −11,400 −$164K
Wstrn Ast Infl Lkd Opp & I Exit 0 $8.81 $106K −12,036 −$106K
RLMD - Relmada Therapeutics Exit 0 $3.23 $97K −30,000 −$97K
Scripps E W Ohio · CL A Exit 0 $2.25 $45K −20,000 −$45K
Bluebird Bio Exit 0 $0.5152 $18K −34,936 −$18K
Holding Exit 0 $2.39 $16K −6,683 −$16K

* 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 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