Murray Stahl's SBR Position Overview
Murray Stahl (via Horizon Kinetics Asset Management LLC) currently holds 111,150 shares of Sabine Royalty Trust (SBR) worth $8.37 M, representing 0.09% of the portfolio. First purchased in 2016-Q1, this long-term strategic position has been held for 41 quarters.
Based on 13F filings since 2013, Murray Stahl has maintained a long-term strategic position in SBR, representing a significant commitment to this investment thesis. Largest addition occurred in Q1 2024, adding 51,226 shares. Largest reduction occurred in Q1 2020, reducing 11,719 shares.
Analysis based on 13F filings available since 2013 Q2
Murray Stahl's Sabine Royalty Trust (SBR) Holding Value Over Time
Track share changes against reported price movement
Quarterly Sabine Royalty Trust (SBR) Trades by Murray Stahl
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q1 2026 | +1,663 | Add 1.52% | 111,150 | $75.34 |
| Q4 2025 | +77 | Add 0.07% | 109,487 | $68.57 |
| Q3 2025 | -111 | Reduce 0.10% | 109,410 | $79.46 |
| Q2 2025 | -8,760 | Reduce 7.41% | 109,521 | $66.68 |
| Q1 2025 | +8,360 | Add 7.61% | 118,281 | $67.69 |
| Q4 2024 | +9,553 | Add 9.52% | 109,921 | $64.81 |
| Q3 2024 | +710 | Add 0.71% | 100,368 | $61.77 |
| Q2 2024 | +13,769 | Add 16.03% | 99,658 | $64.69 |
| Q1 2024 | +51,226 | Add 147.78% | 85,889 | $63.59 |
| Q4 2023 | -3,880 | Reduce 10.07% | 34,663 | $67.86 |
| Q3 2023 | -3,768 | Reduce 8.91% | 38,543 | $65.90 |
| Q2 2023 | +7,141 | Add 20.30% | 42,311 | $65.94 |
| Q1 2023 | +16,532 | Add 88.70% | 35,170 | $71.81 |
| Q4 2022 | +8,791 | Add 89.28% | 18,638 | $85.45 |
| Q3 2022 | +1,535 | Add 18.47% | 9,847 | $71.09 |
| Q1 2022 | +20 | Add 0.24% | 8,312 | $57.75 |
| Q4 2021 | -20 | Reduce 0.24% | 8,292 | $41.73 |
| Q3 2021 | -445 | Reduce 5.08% | 8,312 | $42.83 |
| Q2 2021 | -834 | Reduce 8.70% | 8,757 | $40.31 |
| Q1 2021 | -284 | Reduce 2.88% | 9,591 | $30.34 |
| Q4 2020 | -498 | Reduce 4.80% | 9,875 | $28.25 |
| Q3 2020 | -554 | Reduce 5.07% | 10,373 | $29.11 |
| Q2 2020 | -9,805 | Reduce 47.29% | 10,927 | $27.73 |
| Q1 2020 | -11,719 | Reduce 36.11% | 20,732 | $27.64 |
| Q4 2019 | -1,129 | Reduce 3.36% | 32,451 | $40.31 |
| Q3 2019 | -949 | Reduce 2.75% | 33,580 | $43.39 |
| Q2 2019 | +135 | Add 0.39% | 34,529 | $48.34 |
| Q1 2019 | -16 | Reduce 0.05% | 34,394 | $46.55 |
| Q4 2018 | -6,885 | Reduce 16.67% | 34,410 | $37.29 |
| Q3 2018 | -60 | Reduce 0.15% | 41,295 | $42.21 |
| Q2 2018 | -1,040 | Reduce 2.45% | 41,355 | $47.10 |
| Q1 2018 | -235 | Reduce 0.55% | 42,395 | $43.94 |
| Q4 2017 | -2,539 | Reduce 5.62% | 42,630 | $44.59 |
| Q3 2017 | -440 | Reduce 0.96% | 45,169 | $40.80 |
| Q2 2017 | -466 | Reduce 1.01% | 45,609 | $38.74 |
| Q1 2017 | -2,175 | Reduce 4.51% | 46,075 | $35.59 |
| Q4 2016 | -292 | Reduce 0.60% | 48,250 | $35.15 |
| Q3 2016 | -1,480 | Reduce 2.96% | 48,542 | $36.75 |
| Q2 2016 | +5,030 | Add 11.18% | 50,022 | $33.41 |
| Q1 2016 | +44,992 | New Buy | 44,992 | $29.61 |
Murray Stahl's Sabine Royalty Trust Investment FAQs
Murray Stahl first purchased Sabine Royalty Trust (SBR) in Q1 2016, acquiring 44,992 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 Sabine Royalty Trust (SBR) for 41 quarters since Q1 2016.
Murray Stahl's largest addition to Sabine Royalty Trust (SBR) was in Q1 2024, adding 85,889 shares worth $5.46 M.
According to the latest 13F filing for Q1 2026, Murray Stahl's firm, Horizon Kinetics Asset Management LLC, owns 111,150 shares of Sabine Royalty Trust (SBR), valued at approximately $8.37 M.
As of the Q1 2026 filing, Sabine Royalty Trust (SBR) 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 Sabine Royalty Trust (SBR) was 118,281 shares, as reported at the end of Q1 2025.