Murray Stahl's MSB Position Overview
Murray Stahl (via Horizon Kinetics Asset Management LLC) currently holds 3.03 M shares of Mesabi Trust (MSB) worth $116.63 M, representing 1.58% of the portfolio. First purchased in 2018-Q3, this long-term strategic position has been held for 30 quarters.
Based on 13F filings, Murray Stahl has maintained a strategic position in MSB, demonstrating sustained confidence in this investment. Largest addition occurred in Q3 2020, adding 555,892 shares. Largest reduction occurred in Q1 2024, reducing 319,320 shares.
Analysis based on 13F filings available since 2013 Q2
Murray Stahl's Mesabi Trust (MSB) Holding Value Over Time
Track share changes against reported price movement
Quarterly Mesabi Trust (MSB) Trades by Murray Stahl
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +28,372 | Add 0.95% | 3.03 M | $38.52 |
| Q3 2025 | +38,736 | Add 1.31% | 3 M | $29.27 |
| Q2 2025 | +58,895 | Add 2.03% | 2.96 M | $23.96 |
| Q1 2025 | +58,685 | Add 2.06% | 2.9 M | $27.20 |
| Q4 2024 | +183,387 | Add 6.90% | 2.84 M | $28.11 |
| Q3 2024 | +37,417 | Add 1.43% | 2.66 M | $22.65 |
| Q2 2024 | +21,208 | Add 0.82% | 2.62 M | $17.23 |
| Q1 2024 | -319,320 | Reduce 10.93% | 2.6 M | $17.70 |
| Q4 2023 | -129,034 | Reduce 4.23% | 2.92 M | $20.47 |
| Q3 2023 | +92,922 | Add 3.14% | 3.05 M | $20.07 |
| Q2 2023 | +2,604 | Add 0.09% | 2.96 M | $20.41 |
| Q1 2023 | +269,100 | Add 10.02% | 2.95 M | $25.18 |
| Q4 2022 | +110,053 | Add 4.27% | 2.68 M | $18.02 |
| Q3 2022 | -54,131 | Reduce 2.06% | 2.57 M | $21.51 |
| Q2 2022 | +134,307 | Add 5.38% | 2.63 M | $24.52 |
| Q1 2022 | +364,751 | Add 17.13% | 2.49 M | $26.64 |
| Q4 2021 | +158,317 | Add 8.03% | 2.13 M | $26.42 |
| Q3 2021 | +51,359 | Add 2.67% | 1.97 M | $29.71 |
| Q2 2021 | +215,699 | Add 12.66% | 1.92 M | $35.40 |
| Q1 2021 | +271,070 | Add 18.91% | 1.7 M | $30.08 |
| Q4 2020 | +290,636 | Add 25.43% | 1.43 M | $28.05 |
| Q3 2020 | +555,892 | Add 94.74% | 1.14 M | $21.22 |
| Q2 2020 | +275,344 | Add 88.41% | 586,773 | $17.51 |
| Q1 2020 | +5,139 | Add 1.68% | 311,429 | $14.30 |
| Q4 2019 | -18,909 | Reduce 5.81% | 306,290 | $23.54 |
| Q3 2019 | +27,013 | Add 9.06% | 325,199 | $23.92 |
| Q2 2019 | +27,603 | Add 10.20% | 298,186 | $29.54 |
| Q1 2019 | +104,075 | Add 62.50% | 270,583 | $29.29 |
| Q4 2018 | +116,083 | Add 230.21% | 166,508 | $23.69 |
| Q3 2018 | +50,425 | New Buy | 50,425 | $26.49 |
Murray Stahl's Mesabi Trust Investment FAQs
Murray Stahl first purchased Mesabi Trust (MSB) in Q3 2018, acquiring 50,425 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 Mesabi Trust (MSB) for 30 quarters since Q3 2018.
Murray Stahl's largest addition to Mesabi Trust (MSB) was in Q3 2020, adding 1,142,665 shares worth $24.25 M.
According to the latest 13F filing for Q4 2025, Murray Stahl's firm, Horizon Kinetics Asset Management LLC, owns 3,027,698 shares of Mesabi Trust (MSB), valued at approximately $116.63 M.
As of the Q4 2025 filing, Mesabi Trust (MSB) represents approximately 1.58% of Murray Stahl's publicly disclosed stock portfolio, making it one of their key holdings.
Murray Stahl's peak holding in Mesabi Trust (MSB) was 3,049,352 shares, as reported at the end of Q3 2023.