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.
Sector Allocation
Level 3 sector breakdown
Level 1 sector breakdown
Level 2 sector breakdown
Level 3 sector breakdown
Oil & Gas
Investment Banking & Investment Services
Metals & Mining
Electric Utilities & IPPs
Software & IT Services
Water & Related Utilities
Oil & Gas Related Equipment and Services
Uranium
Insurance
Specialty Retailers
Media & Publishing
Other
Holdings
2025Q3
2025Q3
2025Q2
2025Q1
2024Q4
2024Q3
2024Q2
2024Q1
2023Q4
2023Q3
2023Q2
No.
Name
% Portfolio
Shares Traded
Mkt Value (Date)
Market Value
Shares Held
Industry
Report Date
Watchlist
5.06%
+9.24M
$499.64M
$445.33M
11.06M
Investment Banking & Investment Services
2026-04-09
4
Wheaton Precious Metals Ord Shs (CA)
WPM
2.97%
-298.59K
$293.18M
$278.88M
2.49M
Metals & Mining
2025-12-31
2.42%
+1.13M
$238.53M
$214.09M
19.39M
Electric Utilities & IPPs
2025-12-31
7
Franco Nevada Ord Shs (CA)
FNV
2.03%
-44.26K
$200.70M
$215.80M
968.10K
Metals & Mining
2025-12-31
1.39%
+483.21K
$136.82M
$172.44M
6.84M
Water & Related Utilities
2025-12-31
1.36%
-295.00
$134.55M
$139.97M
830.77K
Investment Banking & Investment Services
2025-12-31
