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
2476
$9.04B
68.75%
Latest2025Q3
Top BuysMIAX (US)
Top SellsSSL (CA)
Latest Changes
Indicators
Latest (2025Q3)
Previous (2025Q2)
Change
Mkt Value (report date)
9.04B
8.85B
+2.09%
Shares Held
2476
2677
-7.51%
Buys
122
132
-7.58%
Sells
803
816
-1.59%
Sector Allocation
No.
Name
% Portfolio
Shares Traded
Mkt Value (Date)
Market Value
Shares Held
Report Date
Miami International Holdings Ord Shs (US)
MIAX
4.68%
+7.84M
$422.88M
$371.24M
9.22M
2025-11-24
4
Wheaton Precious Metals Ord Shs (CA)
WPM
3.46%
-193.37K
$312.39M
$312.27M
2.79M
2025-09-30
6
Franco Nevada Ord Shs (CA)
FNV
2.49%
-31.18K
$225.29M
$225.67M
1.01M
2025-09-30
8
WaterBridge Infrastructure Ord Shs Class A (US)
WBI
1.77%
+6.35M
$160.26M
$160.26M
6.35M
2025-09-30
Latest Trades
No.
Name
Action
Shares Traded
% Change
Shares Held
Mkt Value (Date)
Report Date
Miami International Holdings Ord Shs (US)
MIAX
Buy
+7.84M
+45.90%
9.22M
$422.88M
2025-11-24
Deterra Royalties Ord Shs (AU)
DRR
Sell
-76.42K
-1.30%
5.64M
$15.07M
2025-10-31
4
Fermi Ord Shs (US)
FRMI
New
+66.20K
+50.00%
66.20K
$1.74M
2025-10-31
5
AI Infrastructure Acquisition Units (US)
AIIA_u
New
+63.23K
+50.00%
63.23K
$641.51K
2025-10-31
6
Wilmar International Ord Shs (SG)
WLIL
Sell
-59.65K
-1.30%
4.40M
$10.59M
2025-10-31
8
Apex Treasury Units (US)
APXTU
New
+57.00K
+50.00%
57.00K
$576.84K
2025-10-31
9
PrairieSky Royalty Ord Shs (CA)
PSK
Sell
-42.77K
-1.20%
3.44M
$61.82M
2025-10-31
10
Singapore Exchange Ord Shs (SG)
SGXL
Sell
-37.01K
-1.10%
3.05M
$39.72M
2025-10-31
