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)
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
Water & Related Utilities
Software & IT Services
Oil & Gas Related Equipment and Services
Uranium
Specialty Retailers
Insurance
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
Miami International Holdings Ord Shs (US)
MIAX
4.68%
+7.84M
$422.88M
$371.24M
9.22M
Investment Banking & Investment Services
2025-11-24
4
Wheaton Precious Metals Ord Shs (CA)
WPM
3.46%
-193.37K
$312.39M
$312.27M
2.79M
Metals & Mining
2025-09-30
6
Franco Nevada Ord Shs (CA)
FNV
2.49%
-31.18K
$225.29M
$225.67M
1.01M
Metals & Mining
2025-09-30
2.23%
+615.39K
$201.57M
$201.57M
18.26M
Electric Utilities & IPPs
2025-09-30
8
WaterBridge Infrastructure Ord Shs Class A (US)
WBI
1.77%
+6.35M
$160.26M
$160.26M
6.35M
Water & Related Utilities
2025-09-30
1.55%
-697.00
$140.02M
$140.02M
831.06K
Investment Banking & Investment Services
2025-09-30
