Murray Stahl's PBT Position Overview
Murray Stahl (via Horizon Kinetics Asset Management LLC) currently holds 6.1M shares of Permian Basin Royalty Trust (PBT) worth $111.31 M, representing 1.36% of the portfolio. First purchased in 2016-Q2, this long-term strategic position has been held for 38 quarters.
Based on 13F filings, Murray Stahl has maintained a strategic position in PBT, demonstrating sustained confidence in this investment. Largest addition occurred in Q2 2025, adding 1.7M shares. Largest reduction occurred in Q4 2023, reducing 362.7K shares.
Analysis based on 13F filings available since 2013 Q2
Murray Stahl's Permian Basin Royalty Trust (PBT) Holding Value Over Time
Track share changes against reported price movement
Quarterly Permian Basin Royalty Trust (PBT) Trades by Murray Stahl
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q2 2016 | +320,578 | New Buy | 320,578 | $7.33 |
| Q3 2016 | +50,953 | Add 15.89% | 371,531 | $6.97 |
| Q4 2016 | +5,841 | Add 1.57% | 377,372 | $7.71 |
| Q1 2017 | +1,498 | Add 0.40% | 378,870 | $9.35 |
| Q2 2017 | +116,874 | Add 30.85% | 495,744 | $8.70 |
| Q3 2017 | -2,202 | Reduce 0.44% | 493,542 | $8.71 |
| Q4 2017 | +11 | Add 0.00% | 493,553 | $8.87 |
| Q1 2018 | -2,851 | Reduce 0.58% | 490,702 | $9.65 |
| Q2 2018 | -522 | Reduce 0.11% | 490,180 | $9.33 |
| Q3 2018 | -3,055 | Reduce 0.62% | 487,125 | $7.96 |
| Q4 2018 | -17,690 | Reduce 3.63% | 469,435 | $5.90 |
| Q1 2019 | +461,979 | Add 0.00% | 461,978 | $7.53 |
| Q2 2019 | +445 | Add 0.10% | 462,423 | $6.09 |
| Q3 2019 | -6,360 | Reduce 1.38% | 456,063 | $5.19 |
| Q4 2019 | -23,422 | Reduce 5.14% | 432,641 | $3.86 |
| Q1 2020 | -53,906 | Reduce 12.46% | 378,735 | $2.82 |
| Q2 2020 | -12,450 | Reduce 3.29% | 366,285 | $3.30 |
| Q3 2020 | +12,944 | Add 3.53% | 379,229 | $2.48 |
| Q4 2020 | +9,767 | Add 2.58% | 388,996 | $3.31 |
| Q1 2021 | -51,224 | Reduce 13.17% | 337,772 | $3.98 |
| Q2 2021 | -3,865 | Reduce 1.14% | 333,907 | $5.62 |
| Q3 2021 | -6,825 | Reduce 2.04% | 327,082 | $5.73 |
| Q4 2021 | +53,939 | Add 16.49% | 381,021 | $10.10 |
| Q1 2022 | +720,366 | Add 189.06% | 1.1 M | $12.51 |
| Q2 2022 | +989,108 | Add 89.81% | 2.09 M | $16.55 |
| Q3 2022 | +985,353 | Add 47.13% | 3.08 M | $16.33 |
| Q4 2022 | +668,841 | Add 21.74% | 3.74 M | $25.20 |
| Q1 2023 | +293,376 | Add 7.83% | 4.04 M | $24.40 |
| Q2 2023 | -44,662 | Reduce 1.11% | 3.99 M | $24.93 |
| Q3 2023 | -46,953 | Reduce 1.18% | 3.95 M | $21.25 |
| Q4 2023 | -362,708 | Reduce 9.19% | 3.58 M | $13.96 |
| Q1 2024 | -38,722 | Reduce 1.08% | 3.55 M | $12.10 |
| Q2 2024 | +138,183 | Add 3.90% | 3.68 M | $11.26 |
| Q3 2024 | +1,061 | Add 0.03% | 3.68 M | $11.89 |
| Q4 2024 | +261,819 | Add 7.11% | 3.95 M | $11.08 |
| Q1 2025 | +188,244 | Add 4.77% | 4.13 M | $9.91 |
| Q2 2025 | +1.71 M | Add 41.25% | 5.84 M | $12.46 |
| Q3 2025 | +259,224 | Add 4.44% | 6.1 M | $18.25 |
Murray Stahl's Permian Basin Royalty Trust Investment FAQs
Murray Stahl first purchased Permian Basin Royalty Trust (PBT) in Q2 2016, acquiring 320,578 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 Permian Basin Royalty Trust (PBT) for 38 quarters since Q2 2016. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Murray Stahl's largest addition to Permian Basin Royalty Trust (PBT) was in Q2 2025, adding 5,839,825 shares worth $72.76 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
According to the latest 13F filing for Q3 2025, Murray Stahl's firm, Horizon Kinetics Asset Management LLC, owns 6,099,049 shares of Permian Basin Royalty Trust (PBT), valued at approximately $111.31 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
As of the Q3 2025 filing, Permian Basin Royalty Trust (PBT) represents approximately 1.36% of Murray Stahl's publicly disclosed stock portfolio, making it one of their key holdings. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Murray Stahl's peak holding in Permian Basin Royalty Trust (PBT) was 6,099,049 shares, as reported at the end of Q3 2025. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.