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Murray Stahl

Horizon Kinetics Asset Management LLC

"Murray Stahl is Chief Executive Officer, Chairman of the Board of Horizon Kinetics and is a co-founder of the firm. He has over thirty years of investing experience and is responsible for overseeing the firm’s proprietary research. Murray serves as the firm’s Chief Investment Officer and chairs the Investment Committee, which is responsible for portfolio management decisions.

Shares Held
Asset Size
% Top 10
2664
$9.66B
71.08%
Latest2025Q3
Top BuysMIAX (US)
Top SellsSSL (CA)

Latest Changes

Indicators
Latest (2025Q3)
Previous (2025Q2)
Change
Mkt Value (report date)
9.66B
8.85B
+9.13%
Shares Held
2664
2677
-0.49%
Buys
322
132
+143.94%
Sells
252
816
-69.12%

Sector Allocation

No.
Name
% Portfolio
Shares Traded
Mkt Value (Date)
Market Value
Shares Held
Report Date
Watchlist
41.26%
+135.37K
$3.99B
$3.15B
10.11M
2026-05-07
9.99%
-67.61K
$964.81M
$1.27B
14.11M
2025-12-31
5.37%
+9.34M
$518.96M
$449.41M
11.16M
2026-04-24
4
Wheaton Precious Metals Ord Shs (CA)
WPM
3.04%
-298.59K
$293.18M
$278.88M
2.49M
2025-12-31
2.86%
+10.65K
$276.44M
$301.04M
5.64M
2025-12-31
2.47%
+1.13M
$238.53M
$214.09M
19.39M
2025-12-31
7
Franco Nevada Ord Shs (CA)
FNV
2.08%
-44.26K
$200.70M
$215.80M
968.10K
2025-12-31
1.42%
+483.21K
$136.82M
$172.44M
6.84M
2025-12-31
1.39%
-295.00
$134.55M
$139.97M
830.77K
2025-12-31
1.21%
+28.37K
$116.63M
$88.62M
3.03M
2025-12-31

Latest Trades

No.
Name
Action
Shares Traded
% Change
Shares Held
Mkt Value (Date)
Report Date
Watchlist
Buy
+135.37K
+1.30%
10.11M
$3.99B
2026-05-07
Buy
+9.34M
+45.50%
11.16M
$518.96M
2026-04-24
Buy
+747.70K
+9.60%
6.98M
$33.57M
2026-03-31
4
Lithium Royalty Ord Shs ()
LIRC
Exit
-100.00K
-100.00%
0.00
$0.00
2026-03-31
Exit
-46.29K
-100.00%
0.00
$0.00
2026-03-31
Exit
-40.00K
-100.00%
0.00
$0.00
2026-03-31
New
+40.00K
+50.00%
40.00K
$401.60K
2026-03-31
New
+40.00K
+50.00%
40.00K
$394.00K
2026-03-31
New
+40.00K
+50.00%
40.00K
$403.60K
2026-03-31
Exit
-40.00K
-100.00%
0.00
$0.00
2026-03-31

Holding Performance

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