Murray Stahl (Trades, Portfolio) recently submitted the 13F filing for the fourth quarter of 2024, providing insights into his investment moves during this period. Murray Stahl (Trades, Portfolio) is the Chief Executive Officer and Chairman of the Board of Horizon Kinetics, a firm he co-founded. With over thirty years of investing experience, he oversees the firm's proprietary research and serves as the Chief Investment Officer. Stahl chairs the Investment Committee, responsible for portfolio management decisions, and co-manages several registered investment companies, private funds, and institutional separate accounts. Additionally, he is the Chairman and CEO of FRMO Corp and serves on the boards of the Minneapolis Grain Exchange, the Bermuda Stock Exchange, and Texas Pacific Land Corporation. Prior to founding Horizon Kinetics, Stahl spent 16 years at Bankers Trust Company as a senior portfolio manager and research analyst. Horizon Kinetics LLC is known for its fundamental value, contrarian-oriented investment approach, emphasizing long-term investment horizons to harness the power of compounding.
Murray Stahl (Trades, Portfolio) added a total of 13 stocks, among them:
Murray Stahl (Trades, Portfolio) also increased stakes in a total of 106 stocks, among them:
Murray Stahl (Trades, Portfolio) completely exited 12 holdings in the fourth quarter of 2024, as detailed below:
Murray Stahl (Trades, Portfolio) also reduced positions in 132 stocks. The most significant changes include:
At the fourth quarter of 2024, Murray Stahl (Trades, Portfolio)'s portfolio included 349 stocks. The top holdings included 49.66% in Texas Pacific Land Corp (TPL), 13.98% in Grayscale Bitcoin Trust (GBTC, Financial), 4.34% in LandBridge Co LLC (LB, Financial), 2.05% in Wheaton Precious Metals Corp (WPM, Financial), and 1.81% in CACI International Inc (CACI, Financial).
The holdings are mainly concentrated in 11 industries: Energy, Financial Services, Basic Materials, Technology, Consumer Cyclical, Consumer Defensive, Communication Services, Real Estate, Industrials, Healthcare, and Utilities.
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