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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
2780
$9.41B
69.22%
Latest2025Q3
Top BuysHE (US)
Top SellsMIAX (US)

Stock Trading

All

Buys

Sells

No.
Name
Action
Shares Traded
% Change
Shares Held
Mkt Value (Date)
Report Date
Watchlist
Hawaiian Electric Industries Inc (US)
HE
Buy
+2.24M
+9.50%
23.70M
$321.07M
2026-03-31
DigitalBridge Group Inc (US)
DBRG
Sell
-2.11M
-41.00%
923.52K
$14.49M
2026-03-31
Miami International Holdings Inc (US)
MIAX
Buy
+1.63M
+61.00%
2.68M
$134.33M
2026-03-31
4
San Juan Basin Royalty Units (US)
SJT
Buy
+747.70K
+9.00%
8.29M
$33.57M
2026-03-31
5
Wheaton Precious Metals Ord Shs (CA)
WPM
Sell
-732.00K
-26.40%
1.31M
$230.82M
2026-03-31
6
WaterBridge Infrastructure LLC (US)
WBI
Buy
+504.63K
+7.60%
6.64M
$196.70M
2026-03-31
7
Fermi Ord Shs (US)
FRMI
Buy
+423.73K
+89.60%
472.64K
$3.11M
2026-03-31
8
Texas Pacific Land Corp (US)
TPL
Sell
-318.38K
-2.60%
11.70M
$4.75B
2026-03-31
9
Deterra Royalties Ord Shs (AU)
DRR
Sell
-253.13K
-6.60%
3.30M
$15.07M
2026-03-31
10
Franco Nevada Ord Shs (CA)
FNV
Sell
-210.80K
-20.50%
606.99K
$187.47M
2026-03-31
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