Murray Stahl's SPAQ Position Overview
Murray Stahl (via Horizon Kinetics Asset Management LLC) currently holds 71,954 shares of Horizon Kinetics SPAC Active ETF (SPAQ) worth $6.52 M, representing 0.09% of the portfolio. First purchased in 2023-Q1, this medium-term investment has been held for 12 quarters.
Based on 13F filings, Murray Stahl has maintained a strategic position in SPAQ, demonstrating sustained confidence in this investment. Largest addition occurred in Q3 2023, adding 19,717 shares. Largest reduction occurred in Q3 2025, reducing 36,220 shares.
Analysis based on 13F filings available since 2013 Q2
Murray Stahl's Horizon Kinetics SPAC Active ETF (SPAQ) Holding Value Over Time
Track share changes against reported price movement
Quarterly Horizon Kinetics SPAC Active ETF (SPAQ) Trades by Murray Stahl
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | -4,950 | Reduce 6.44% | 71,954 | $90.67 |
| Q3 2025 | -36,220 | Reduce 32.02% | 76,904 | $104.13 |
| Q2 2025 | -18,473 | Reduce 14.04% | 113,124 | $104.76 |
| Q1 2025 | +6,162 | Add 4.91% | 131,597 | $100.84 |
| Q4 2024 | -3,256 | Reduce 2.53% | 125,435 | $98.41 |
| Q3 2024 | +5,992 | Add 4.88% | 128,691 | $99.18 |
| Q2 2024 | +13,415 | Add 12.28% | 122,699 | $98.31 |
| Q1 2024 | -1,072 | Reduce 0.97% | 109,284 | $97.95 |
| Q3 2023 | +19,717 | Add 21.75% | 110,356 | $98.81 |
| Q2 2023 | +7,580 | Add 9.13% | 90,639 | $97.15 |
| Q1 2023 | +83,059 | New Buy | 83,059 | $95.90 |
Murray Stahl's Horizon Kinetics SPAC Active ETF Investment FAQs
Murray Stahl first purchased Horizon Kinetics SPAC Active ETF (SPAQ) in Q1 2023, acquiring 83,059 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 Horizon Kinetics SPAC Active ETF (SPAQ) for 12 quarters since Q1 2023.
Murray Stahl's largest addition to Horizon Kinetics SPAC Active ETF (SPAQ) was in Q1 2023, adding 83,059 shares worth $7.97 M.
According to the latest 13F filing for Q4 2025, Murray Stahl's firm, Horizon Kinetics Asset Management LLC, owns 71,954 shares of Horizon Kinetics SPAC Active ETF (SPAQ), valued at approximately $6.52 M.
As of the Q4 2025 filing, Horizon Kinetics SPAC Active ETF (SPAQ) represents approximately 0.09% of Murray Stahl's publicly disclosed stock portfolio, making it one of their key holdings.
Murray Stahl's peak holding in Horizon Kinetics SPAC Active ETF (SPAQ) was 131,597 shares, as reported at the end of Q1 2025.