Murray Stahl's SPY Position Overview
Murray Stahl (via Horizon Kinetics Asset Management LLC) currently holds 1,294 shares of State Street SPDR S&P 500 ETF (SPY) worth $882,404, representing 0.01% 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 SPY, representing a significant commitment to this investment thesis. Largest addition occurred in Q4 2014, adding 52,659 shares. Largest reduction occurred in Q1 2015, reducing 80,080 shares.
Analysis based on 13F filings available since 2013 Q2
Murray Stahl's State Street SPDR S&P 500 ETF (SPY) Holding Value Over Time
Track share changes against reported price movement
Quarterly State Street SPDR S&P 500 ETF (SPY) Trades by Murray Stahl
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q3 2025 | -35 | Reduce 2.63% | 1,294 | $666.18 |
| Q2 2025 | -8 | Reduce 0.60% | 1,329 | $617.85 |
| Q1 2025 | -133 | Reduce 9.05% | 1,337 | $559.39 |
| Q4 2024 | -176 | Reduce 10.69% | 1,470 | $586.08 |
| Q3 2024 | -37 | Reduce 2.20% | 1,646 | $573.76 |
| Q2 2024 | -234 | Reduce 12.21% | 1,683 | $544.22 |
| Q1 2024 | -813 | Reduce 29.78% | 1,917 | $523.07 |
| Q4 2023 | -34 | Reduce 1.23% | 2,730 | $475.31 |
| Q3 2023 | -559 | Reduce 16.82% | 2,764 | $427.48 |
| Q2 2023 | -190 | Reduce 5.41% | 3,323 | $443.28 |
| Q1 2023 | -15 | Reduce 0.43% | 3,513 | $409.39 |
| Q4 2022 | -309 | Reduce 8.05% | 3,528 | $382.43 |
| Q3 2022 | -72 | Reduce 1.84% | 3,837 | $357.05 |
| Q2 2022 | -353 | Reduce 8.28% | 3,909 | $377.33 |
| Q1 2022 | -153 | Reduce 3.47% | 4,262 | $451.67 |
| Q4 2021 | -808 | Reduce 15.47% | 4,415 | $474.97 |
| Q3 2021 | -96 | Reduce 1.80% | 5,223 | $429.06 |
| Q2 2021 | -151 | Reduce 2.76% | 5,319 | $428.09 |
| Q1 2021 | -428 | Reduce 7.26% | 5,470 | $396.34 |
| Q4 2020 | -1,588 | Reduce 21.21% | 5,898 | $373.86 |
| Q3 2020 | -268 | Reduce 3.46% | 7,486 | $334.89 |
| Q2 2020 | -4,073 | Reduce 34.44% | 7,754 | $308.36 |
| Q1 2020 | +2,703 | Add 29.63% | 11,827 | $257.72 |
| Q4 2019 | +1,070 | Add 13.29% | 9,124 | $321.90 |
| Q3 2019 | -3,146 | Reduce 28.09% | 8,054 | $296.75 |
| Q2 2019 | -4,260 | Reduce 27.55% | 11,200 | $293.04 |
| Q1 2019 | -4,370 | Reduce 22.04% | 15,460 | $282.47 |
| Q4 2018 | +18,556 | Add 1456.51% | 19,830 | $249.92 |
| Q3 2018 | +141 | Add 12.44% | 1,274 | $290.42 |
| Q2 2018 | -721 | Reduce 38.89% | 1,133 | $270.96 |
| Q1 2018 | +28 | Add 1.53% | 1,854 | $263.21 |
| Q4 2017 | +1,826 | New Buy | 1,826 | $266.70 |
| Q1 2016 | -6,520 | Sold Out | 6,520 | $203.83 |
| Q4 2015 | +6,520 | New Buy | 6,520 | $203.83 |
| Q3 2015 | -3,855 | Sold Out | 3,855 | $205.97 |
| Q2 2015 | +2,290 | Add 146.33% | 3,855 | $205.97 |
| Q1 2015 | -80,080 | Reduce 98.08% | 1,565 | $206.39 |
| Q4 2014 | +52,659 | Add 181.67% | 81,645 | $205.54 |
| Q3 2014 | +28,986 | New Buy | 28,986 | $197.03 |
| Q1 2014 | -45,532 | Sold Out | 45,532 | $184.68 |
| Q4 2013 | +41,959 | Add 1174.34% | 45,532 | $184.68 |
| Q3 2013 | -4,023 | Reduce 52.96% | 3,573 | $167.93 |
| Q2 2013 | +7,597 | Add 0.00% | 7,596 | $160.48 |
Murray Stahl's State Street SPDR S&P 500 ETF Investment FAQs
Murray Stahl first purchased State Street SPDR S&P 500 ETF (SPY) in Q2 2013, acquiring 7,596 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 State Street SPDR S&P 500 ETF (SPY) for 51 quarters since Q2 2013.
Murray Stahl's largest addition to State Street SPDR S&P 500 ETF (SPY) was in Q4 2014, adding 81,645 shares worth $16.78 M.
According to the latest 13F filing for Q4 2025, Murray Stahl's firm, Horizon Kinetics Asset Management LLC, owns 1,294 shares of State Street SPDR S&P 500 ETF (SPY), valued at approximately $882,404.
As of the Q4 2025 filing, State Street SPDR S&P 500 ETF (SPY) represents approximately 0.01% of Murray Stahl's publicly disclosed stock portfolio, making it one of their key holdings.
Murray Stahl's peak holding in State Street SPDR S&P 500 ETF (SPY) was 81,645 shares, as reported at the end of Q4 2014.