On February 5, 2024, Horizon Kinetics, under the leadership of Murray Stahl (Trades, Portfolio), made a notable adjustment to its investment portfolio by reducing its stake in Texas Pacific Land Corp (NYSE:TPL). The trade had a modest impact of -0.17% on the portfolio, reflecting a strategic shift in the firm's investment stance regarding TPL.
On December 31, 2023, Murray Stahl (Trades, Portfolio)'s firm Horizon Kinetics made a notable adjustment to its investment portfolio by reducing its stake in Associated Capital Group Inc (NYSE:AC). This move had a minor impact of -0.03% on the firm's portfolio, with the position in AC now representing 0.81% of the total investments and accounting for 43.30% of the company's outstanding shares.
Murray Stahl (Trades, Portfolio)'s investment firm, Horizon Kinetics, has recently adjusted its holdings in Mesabi Trust (NYSE:MSB), a move that has caught the attention of value investors. This transaction reflects a strategic decision by the firm, known for its contrarian and value-oriented investment philosophy.
On January 31, 2024, Murray Stahl (Trades, Portfolio)'s investment firm Horizon Kinetics made a notable adjustment to its investment portfolio by reducing its stake in Texas Pacific Land Corp (NYSE:TPL). The transaction involved the sale of 75,126 shares at a price of $1,461.33 each. After the transaction, the firm held a total of 1,287,085 shares, representing 38.08% of the portfolio and 16.77% of the firm's holdings in TPL.
Investment management company Maran Capital Management recently released its fourth-quarter 2023 investor letter. A copy of the same can be downloaded here.