Rating #146
Murray Stahl
Horizon Kinetics
Portfolio value
Stocks
Performance
1 Year
-31.79%
Stock Holdings
$
%
1Y
3Y
5Y
10Y
Murray Stahl’s Portfolio: Q4 2025
Top10 stocks: 73.65% of the portfolio
Murray Stahl’s Trades: Q4 2025
Adds
New Buys
Sold Outs
Cuts
0.25ppt
0.41ppt
0.77ppt
0.18ppt
-0.10ppt
0.13ppt
V
Share Count Chg. (%)
+361.32%
0.06ppt
V
Share Count Chg. (%)
+29.84%
0.07ppt
0.06ppt
0.06ppt
Company Name | Share Count Chg. (%) | Price Paid | Buy Value | Portfolio % Change | |
|---|---|---|---|---|---|
1  TPL | +194.86% | $305.41 | $2.09B | 0.25ppt | |
+31.64% | $44.60 | $19.51M | 0.41ppt | ||
3  HE | +6.21% | $11.59 | $13.15M | 0.77ppt | |
4  TFPM | +1510.20% | $31.25 | $12.47M | 0.18ppt | |
5 W WBI | +7.60% | $23.20 | $11.21M | -0.10ppt | |
6  RGLD | +48.66% | $198.37 | $6.16M | 0.13ppt | |
7 V VXF | +361.32% | $209.99 | $4.26M | 0.06ppt | |
+29.84% | $49.87 | $3.93M | 0.07ppt | ||
9  SJT | +11.03% | $5.79 | $3.58M | 0.06ppt | |
10  PBT | +1.46% | $17.92 | $1.59M | 0.06ppt |
Murray Stahl’s Holdings: Q4 2025
Company Name | Primary Industry | Avg. price paid  | Share Count Chg. (%) | No of shares held | Market value | Portfolio % Change | % of Ownership | Holding period | Last Transaction | |
|---|---|---|---|---|---|---|---|---|---|---|
1 TPL | Oil Royalty Traders | $369.49 | +194.86% | 10.33M | $2.97B | 40.14% 0.25ppt | 14.97% | 20 Quarters | Q4 2025 | |
Commodity Brokers & Dealers | $9.11 | -0.48% | 14.11M | $964.81M | 13.05% -2.47ppt | 5.45% | 13 Quarters | Q4 2025 | ||
3  WPM | Gold & Silver Mining | $33.08 | -10.69% | 2.49M | $293.04M | 3.96% 0.16ppt | 0.55% | 28 Quarters | Q4 2025 | |
4  LB | Retail-Women's Clothing | $27.67 | +0.19% | 5.64M | $276.44M | 3.74% 0.08ppt | 22.27% | 7 Quarters | Q4 2025 | |
5 HE | Electric Services | $10.83 | +6.21% | 19.39M | $238.53M | 3.23% 0.77ppt | 11.23% | 5 Quarters | Q4 2025 | |
6  FNV | Gold & Silver Mining | $103.85 | -4.37% | 968.10K | $200.67M | 2.71% -0.04ppt | 0.50% | 28 Quarters | Q4 2025 | |
7 W WBI | Oil & Gas Services | $24.85 | +7.60% | 6.84M | $136.82M | 1.85% -0.10ppt | 15.80% | 2 Quarters | Q4 2025 | |
8  ICE | Security & Commodity Brokers | $111.30 | -0.04% | 830.77K | $134.55M | 1.82% 0.11ppt | 0.15% | 28 Quarters | Q4 2025 | |
9  MSB | Mineral Royalty Traders | $25.69 | +0.95% | 3.03M | $116.63M | 1.58% 0.51ppt | 23.08% | 28 Quarters | Q4 2025 | |
10 G BTC | Commodity Brokers & Dealers | $41.89 | -0.11% | 3.00M | $116.08M | 1.57% -0.28ppt | 2.26% | 5 Quarters | Q4 2025 | |
11 PBT | Oil Royalty Traders | $15.17 | +1.46% | 6.19M | $105.07M | 1.42% 0.06ppt | 13.28% | 28 Quarters | Q4 2025 | |
12 C CBOE | Security & Commodity Brokers | $101.90 | -0.26% | 408.40K | $102.51M | 1.39% 0.16ppt | 0.39% | 28 Quarters | Q4 2025 | |
13  LNG | Natural Gas Distribution | $94.02 | -2.04% | 463.33K | $90.07M | 1.22% -0.14ppt | 0.21% | 28 Quarters | Q4 2025 | |
14  CACI | Integrated Systems Design | $209.89 | -1.29% | 158.59K | $84.50M | 1.14% 0.17ppt | 0.72% | 28 Quarters | Q4 2025 | |
15 M MIAX | - | $41.25 | +31.64% | 1.82M | $80.76M | 1.09% 0.41ppt | 2.60% | 2 Quarters | Q4 2025 | |
16  CME | Security & Commodity Brokers | $233.41 | -0.42% | 275.61K | $75.26M | 1.02% 0.11ppt | 0.08% | 28 Quarters | Q4 2025 | |
17  BN | Nonresidential buildings | $40.60 | -3.98% | 1.58M | $72.68M | 0.98% 0.06ppt | 0.07% | 13 Quarters | Q4 2025 | |
18  VNOM | Crude Oil & Gas | $38.22 | -0.41% | 1.71M | $66.25M | 0.90% 0.09ppt | 1.15% | 2 Quarters | Q4 2025 | |
19  OR | Gold & Silver Mining | $25.76 | -0.47% | 1.82M | $64.23M | 0.87% -0.02ppt | 0.96% | 3 Quarters | Q4 2025 | |
20  CCJ | Other Metal Ores | $38.82 | -0.29% | 674.10K | $61.67M | 0.83% 0.14ppt | 0.15% | 11 Quarters | Q4 2025 |
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