Murray Stahl's GLD Position Overview
Murray Stahl (via Horizon Kinetics Asset Management LLC) currently holds 3,643 shares of SPDR Gold Shares (GLD) worth $1.44 M, representing 0.02% of the portfolio. First purchased in 2013-Q2, this long-term strategic position has been held for 51 quarters.
Based on 13F filings since 2013, Murray Stahl has maintained a long-term strategic position in GLD, representing a significant commitment to this investment thesis. Largest addition occurred in Q3 2020, adding 14,464 shares. Largest reduction occurred in Q4 2020, reducing 16,323 shares.
Analysis based on 13F filings available since 2013 Q2
Murray Stahl's SPDR Gold Shares (GLD) Holding Value Over Time
Track share changes against reported price movement
Quarterly SPDR Gold Shares (GLD) Trades by Murray Stahl
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | -100 | Reduce 2.67% | 3,643 | $396.31 |
| Q3 2025 | -12 | Reduce 0.32% | 3,743 | $355.47 |
| Q2 2025 | +19 | Add 0.51% | 3,755 | $304.83 |
| Q1 2025 | -20 | Reduce 0.53% | 3,736 | $288.14 |
| Q4 2024 | -80 | Reduce 2.09% | 3,756 | $242.13 |
| Q3 2024 | -57 | Reduce 1.46% | 3,836 | $243.06 |
| Q2 2024 | -50 | Reduce 1.27% | 3,893 | $215.01 |
| Q1 2024 | -10 | Reduce 0.25% | 3,943 | $205.72 |
| Q3 2023 | -35 | Reduce 0.88% | 3,953 | $171.45 |
| Q1 2023 | -124 | Reduce 3.02% | 3,988 | $183.22 |
| Q3 2022 | -40 | Reduce 0.96% | 4,112 | $154.67 |
| Q2 2022 | -45 | Reduce 1.07% | 4,152 | $168.35 |
| Q4 2021 | -40 | Reduce 0.94% | 4,197 | $171.07 |
| Q3 2021 | -495 | Reduce 10.46% | 4,237 | $164.27 |
| Q1 2021 | -12,678 | Reduce 72.82% | 4,732 | $159.97 |
| Q4 2020 | -16,323 | Reduce 48.39% | 17,410 | $178.35 |
| Q3 2020 | +14,464 | Add 75.06% | 33,733 | $177.13 |
| Q2 2020 | +2,512 | Add 14.99% | 19,269 | $167.37 |
| Q1 2020 | +13,115 | Add 360.10% | 16,757 | $148.06 |
| Q4 2019 | +2,100 | Add 136.19% | 3,642 | $142.78 |
| Q3 2019 | +1,542 | New Buy | 1,542 | $138.78 |
| Q4 2013 | -1,722 | Sold Out | 1,722 | $128.34 |
| Q3 2013 | -438 | Reduce 20.28% | 1,722 | $128.34 |
| Q2 2013 | +2,161 | Add 0.00% | 2,160 | $118.98 |
Murray Stahl's SPDR Gold Shares Investment FAQs
Murray Stahl first purchased SPDR Gold Shares (GLD) in Q2 2013, acquiring 2,160 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Murray Stahl has held SPDR Gold Shares (GLD) for 51 quarters since Q2 2013.
Murray Stahl's largest addition to SPDR Gold Shares (GLD) was in Q3 2020, adding 33,733 shares worth $5.98 M.
According to the latest 13F filing for Q4 2025, Murray Stahl's firm, Horizon Kinetics Asset Management LLC, owns 3,643 shares of SPDR Gold Shares (GLD), valued at approximately $1.44 M.
As of the Q4 2025 filing, SPDR Gold Shares (GLD) represents approximately 0.02% of Murray Stahl's publicly disclosed stock portfolio, making it one of their key holdings.
Murray Stahl's peak holding in SPDR Gold Shares (GLD) was 33,733 shares, as reported at the end of Q3 2020.