Murray Stahl's RCL Position Overview
Murray Stahl (via Horizon Kinetics Asset Management LLC) currently holds 52,758 shares of Royal Caribbean Cruises Ltd. (RCL) worth $14.72 M, representing 0.20% 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 RCL, representing a significant commitment to this investment thesis. Largest addition occurred in Q4 2022, adding 26,875 shares. Largest reduction occurred in Q1 2015, reducing 5,293 shares.
Analysis based on 13F filings available since 2013 Q2
Murray Stahl's Royal Caribbean Cruises (RCL) Holding Value Over Time
Track share changes against reported price movement
Quarterly Royal Caribbean Cruises (RCL) Trades by Murray Stahl
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | -1,275 | Reduce 2.36% | 52,758 | $278.92 |
| Q3 2025 | -2,139 | Reduce 3.81% | 54,033 | $323.58 |
| Q2 2025 | -389 | Reduce 0.69% | 56,172 | $313.14 |
| Q1 2025 | -592 | Reduce 1.04% | 56,561 | $205.44 |
| Q4 2024 | -728 | Reduce 1.26% | 57,153 | $230.69 |
| Q3 2024 | +1,709 | Add 3.04% | 57,881 | $177.36 |
| Q2 2024 | +396 | Add 0.71% | 56,172 | $159.43 |
| Q1 2024 | -348 | Reduce 0.62% | 55,776 | $139.01 |
| Q4 2023 | -502 | Reduce 0.89% | 56,124 | $129.49 |
| Q3 2023 | -395 | Reduce 0.69% | 56,626 | $92.14 |
| Q2 2023 | +105 | Add 0.18% | 57,021 | $103.74 |
| Q1 2023 | +18,090 | Add 46.59% | 56,916 | $65.30 |
| Q4 2022 | +26,875 | Add 224.88% | 38,826 | $49.43 |
| Q3 2022 | -1,297 | Reduce 9.79% | 11,951 | $37.90 |
| Q2 2022 | +450 | Add 3.52% | 13,248 | $34.87 |
| Q1 2022 | -1,128 | Reduce 8.10% | 12,798 | $83.76 |
| Q4 2021 | -1,045 | Reduce 6.98% | 13,926 | $76.91 |
| Q3 2021 | +350 | Add 2.39% | 14,971 | $88.97 |
| Q2 2021 | -500 | Reduce 3.31% | 14,621 | $85.29 |
| Q1 2021 | -100 | Reduce 0.66% | 15,121 | $85.64 |
| Q4 2020 | -100 | Reduce 0.65% | 15,221 | $74.70 |
| Q3 2020 | +840 | Add 5.80% | 15,321 | $64.75 |
| Q2 2020 | -930 | Reduce 6.03% | 14,481 | $50.27 |
| Q1 2020 | -465 | Reduce 2.93% | 15,411 | $32.18 |
| Q4 2019 | -105 | Reduce 0.66% | 15,876 | $133.53 |
| Q3 2019 | +45 | Add 0.28% | 15,981 | $108.32 |
| Q2 2019 | -65 | Reduce 0.41% | 15,936 | $121.23 |
| Q1 2019 | -30 | Reduce 0.19% | 16,001 | $114.62 |
| Q4 2018 | +60 | Add 0.38% | 16,031 | $97.81 |
| Q3 2018 | -110 | Reduce 0.68% | 15,971 | $129.92 |
| Q2 2018 | +20 | Add 0.12% | 16,081 | $103.60 |
| Q1 2018 | -214 | Reduce 1.31% | 16,061 | $117.74 |
| Q4 2017 | -594 | Reduce 3.52% | 16,275 | $119.26 |
| Q3 2017 | -594 | Reduce 3.40% | 16,869 | $118.56 |
| Q2 2017 | -462 | Reduce 2.58% | 17,463 | $109.20 |
| Q1 2017 | -951 | Reduce 5.04% | 17,925 | $98.13 |
| Q4 2016 | +487 | Add 2.65% | 18,876 | $82.06 |
| Q3 2016 | +64 | Add 0.35% | 18,389 | $74.94 |
| Q1 2016 | +22 | Add 0.12% | 18,325 | $82.13 |
| Q4 2015 | -1,417 | Reduce 7.19% | 18,303 | $101.19 |
| Q3 2015 | +2,512 | Add 14.60% | 19,720 | $89.10 |
| Q2 2015 | -1,237 | Reduce 6.71% | 17,208 | $78.68 |
| Q1 2015 | -5,293 | Reduce 22.30% | 18,445 | $81.87 |
| Q4 2014 | -977 | Reduce 3.95% | 23,738 | $82.44 |
| Q3 2014 | -1,500 | Reduce 5.72% | 24,715 | $67.29 |
| Q2 2014 | -250 | Reduce 0.94% | 26,215 | $55.62 |
| Q1 2014 | -1,000 | Reduce 3.64% | 26,465 | $54.56 |
| Q4 2013 | +100 | Add 0.37% | 27,465 | $47.41 |
| Q3 2013 | +200 | Add 0.74% | 27,365 | $38.30 |
| Q2 2013 | +27,166 | Add 0.00% | 27,165 | $33.35 |
Murray Stahl's Royal Caribbean Cruises Investment FAQs
Murray Stahl first purchased Royal Caribbean Cruises Ltd. (RCL) in Q2 2013, acquiring 27,165 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 Royal Caribbean Cruises Ltd. (RCL) for 51 quarters since Q2 2013.
Murray Stahl's largest addition to Royal Caribbean Cruises Ltd. (RCL) was in Q2 2013, adding 27,165 shares worth $906,000.
According to the latest 13F filing for Q4 2025, Murray Stahl's firm, Horizon Kinetics Asset Management LLC, owns 52,758 shares of Royal Caribbean Cruises Ltd. (RCL), valued at approximately $14.72 M.
As of the Q4 2025 filing, Royal Caribbean Cruises Ltd. (RCL) represents approximately 0.20% of Murray Stahl's publicly disclosed stock portfolio, making it one of their key holdings.
Murray Stahl's peak holding in Royal Caribbean Cruises Ltd. (RCL) was 57,881 shares, as reported at the end of Q3 2024.