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

2025 Q1 2024 Q4 · filed 15 May · long equity

TPL - Texas Pacific Land 54.04% Reduce −0.3% 3,595,090 $1,325 $4.8B −11,489 +$775M
GBTC - Grayscale Bitcoin 10.87% Reduce −3.1% 14,696,513 $65.17 $958M −471,650 −$165M
LB - Landbridge · CL A 4.48% Add +1.6% 5,486,957 $71.94 $395M +87,682 +$46M
WPM - Wheaton Precious Metals 2.60% Add +0.9% 2,956,694 $77.63 $230M +25,448 +$65M
FNV - Franco Nevada 1.82% Add +2.9% 1,016,774 $157.56 $160M +28,741 +$44M
ICE - Intercontinental Exchange 1.60% Add +1.7% 818,261 $172.50 $141M +13,680 +$21M
HE - Hawaiian Elec Industries 1.57% Add +431.9% 12,657,000 $10.95 $139M +10,277,502 +$115M
BTC - Grayscale Bitcoin Mini Tr 1.27% Reduce −0.1% 3,060,636 $36.49 $112M −3,666 −$17M
CBOE - Cboe Global Markets 1.07% Add +0.9% 418,256 $226.29 $95M +3,782 +$14M
MSB - Mesabi Tr 0.90% Add +2.1% 2,901,695 $27.20 $79M +58,685 −$991K
Viper Energy · CL A 0.83% Add +1.4% 1,612,439 $45.15 $73M +23,035 −$5M
CACI - Caci Intl · CL A 0.79% Reduce −47.2% 189,652 $366.92 $70M −169,843 −$76M
CVEO - Civeo 0.78% Reduce −3.0% 2,971,543 $23.00 $68M −92,476 −$1M
BN - Brookfield · CL A 0.72% Reduce −0.6% 1,210,885 $52.41 $63M −7,712 −$7M
Aris Water Solutions · CLASS A 0.53% Add +538.6% 1,464,286 $32.04 $47M +1,234,978 +$41M
MSTR - Microstrategy · CL A 0.53% Reduce −2.3% 161,495 $288.27 $47M −3,820 −$1M
AN - Autonation 0.52% Reduce −0.6% 280,493 $161.92 $45M −1,705 −$3M
LYV - Live Nation Entertainment 0.48% Reduce −1.1% 325,976 $130.58 $43M −3,759 −$135K
PBT - Permian Basin Rty Tr 0.46% Add +4.8% 4,134,327 $9.91 $41M +188,244 −$3M
GBTC - Ishares Bitcoin Trust 0.46% Add +0.7% 870,320 $46.81 $41M +6,048 −$5M
MMC - Marsh & Mclennan Cos 0.41% Add +2.7% 148,593 $244.03 $36M +3,965 +$6M
Osisko Gold Royalties 0.41% Add +2.6% 1,703,037 $21.12 $36M +43,115 +$6M
Associated Cap Group · CL A 0.39% Reduce −1.1% 907,945 $38.32 $35M −9,685 +$3M
CME - CME Group 0.39% Add +1.9% 128,253 $265.29 $34M +2,400 +$5M
HHH - Howard Hughes 0.37% Reduce −4.7% 437,006 $74.08 $32M −21,591 −$3M
DBRG - Digitalbridge Group · CL A 0.34% Reduce −23.1% 3,445,977 $8.82 $30M −1,037,363 −$20M
Sandstorm Gold 0.31% Reduce −3.1% 3,672,796 $7.55 $28M −115,876 +$7M
DMLP - Dorchester Minerals 0.31% Add +0.4% 912,463 $30.08 $27M +3,817 −$3M
PAG - Penske Automotive Grp 0.30% Add +1.0% 184,863 $143.98 $27M +1,897 −$1M
CCJ - Cameco 0.30% Add +2.6% 632,707 $41.16 $26M +15,756 −$6M
JOE - The Saint Joe 0.29% Reduce −2.5% 550,339 $46.95 $26M −13,863 +$489K
BG - Bunge Global SA 0.28% Add +2.8% 328,171 $76.42 $25M +9,050 +$264K
ADM - Archer Daniels Midland 0.28% Reduce −7.2% 506,448 $48.01 $24M −39,271 −$3M
BRK.B - Berkshire Hathaway · CL B 0.26% Reduce −1.1% 43,121 $532.58 $23M −479 +$3M
WST - West Fraser Timber 0.25% Add +2.6% 288,632 $76.94 $22M +7,265 −$2M
WTM - White Mtns Ins Group 0.25% Add +12.4% 11,345 $1,926 $22M +1,256 +$2M
CCL1EUR — 0.24% Add +0.1% 1,085,048 $19.53 $21M +917 −$6M
BND - Vanguard Bd Index Fds 0.22% Add +132.3% 395,341 $49.86 $20M +225,141 +$11M
Sitio Royalties · CLASS A 0.20% Add +2.7% 885,494 $19.87 $18M +23,068 +$1M
IPAR - Inter Parfums 0.19% Add 0.0% 147,121 $113.87 $17M +1 −$3M
VGSH - Vanguard Scottsdale Fds 0.16% Add +10.6% 237,864 $58.69 $14M +22,766 +$1M
SJT - San Juan Basin Rty Tr 0.15% Add +36.2% 2,470,132 $5.53 $14M +655,918 +$7M
SPAQ - Listed Fd Tr 0.15% Add +4.9% 131,597 $100.84 $13M +6,162 +$927K
OSK - Oshkosh 0.15% Reduce −0.8% 138,973 $94.08 $13M −1,146 −$247K
TRC - Tejon Ranch 0.15% Reduce −3.2% 824,062 $15.85 $13M −27,232 −$474K
RGLD - Royal Gold 0.14% Reduce −0.2% 74,628 $163.51 $12M −164 +$2M
RCL - Royal Caribbean Group 0.13% Reduce −1.0% 56,561 $205.44 $12M −592 −$2M
WEN - Wendys 0.13% Reduce −2.6% 762,174 $14.63 $11M −20,447 −$2M
RBA - Rb Global 0.13% Add +0.2% 110,839 $100.30 $11M +209 +$1M
BAM — · CL A 0.12% Reduce −3.4% 226,411 $48.45 $11M −7,949 −$2M

Showing top 50 of 338 by value

Exits / last held

not current holdings · last reported size, unchanged · gone vs 2024 Q4

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
Marex Group 0.05% Exit 0 $31.17 $4M −141,374 −$4M
Fitlife Brands 0.03% Exit 0 $32.60 $3M −77,228 −$3M
BLK - Blackrock Muni Income Fd 0.02% Exit 0 $12.12 $1M −101,802 −$1M
D - Dominion Energy 0.01% Exit 0 $53.86 $579K −10,750 −$579K
KO - Coca Cola Exit 0 $62.18 $365K −5,870 −$365K
CMCSA - Comcast · CL A Exit 0 $37.50 $340K −9,066 −$340K
BEAM - Beam Therapeutics Exit 0 $24.80 $238K −9,597 −$238K
BA - Boeing Exit 0 $177.27 $234K −1,320 −$234K
AXP - American Express Exit 0 $297.14 $208K −700 −$208K
APLD - Applied Digital Exit 0 $7.62 $182K −23,870 −$182K

* 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 Q4. 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