Murray Stahl's SJT Position Overview
Murray Stahl (via Horizon Kinetics Asset Management LLC) currently holds 5.61 M shares of San Juan Basin Royalty Trust (SJT) worth $33.9 M, representing 0.41% of the portfolio. First purchased in 2022-Q4, this medium-term investment has been held for 12 quarters.
Based on 13F filings, Murray Stahl has maintained a strategic position in SJT, demonstrating sustained confidence in this investment. Largest addition occurred in Q2 2025, adding 2.12 M shares. Largest reduction occurred in Q4 2023, reducing 15,355 shares.
Analysis based on 13F filings available since 2013 Q2
Murray Stahl's San Juan Basin Royalty Trust (SJT) Holding Value Over Time
Track share changes against reported price movement
Quarterly San Juan Basin Royalty Trust (SJT) Trades by Murray Stahl
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2022 | +12,160 | New Buy | 12,160 | $11.42 |
| Q1 2023 | +88,354 | Add 726.60% | 100,514 | $10.52 |
| Q2 2023 | +35,434 | Add 35.25% | 135,948 | $7.43 |
| Q3 2023 | +8,703 | Add 6.40% | 144,651 | $6.93 |
| Q4 2023 | -15,355 | Reduce 10.62% | 129,296 | $5.08 |
| Q1 2024 | +733,128 | Add 567.02% | 862,424 | $5.29 |
| Q2 2024 | +186,631 | Add 21.64% | 1.05 M | $4.06 |
| Q3 2024 | +242,871 | Add 23.15% | 1.29 M | $3.70 |
| Q4 2024 | +522,288 | Add 40.43% | 1.81 M | $3.83 |
| Q1 2025 | +655,918 | Add 36.15% | 2.47 M | $5.53 |
| Q2 2025 | +2.12 M | Add 86.00% | 4.59 M | $5.98 |
| Q3 2025 | +1.02 M | Add 22.15% | 5.61 M | $6.04 |
Murray Stahl's San Juan Basin Royalty Trust Investment FAQs
Murray Stahl first purchased San Juan Basin Royalty Trust (SJT) in Q4 2022, acquiring 12,160 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 San Juan Basin Royalty Trust (SJT) for 12 quarters since Q4 2022. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Murray Stahl's largest addition to San Juan Basin Royalty Trust (SJT) was in Q2 2025, adding 4,594,502 shares worth $27.48 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 5,611,981 shares of San Juan Basin Royalty Trust (SJT), valued at approximately $33.9 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
As of the Q3 2025 filing, San Juan Basin Royalty Trust (SJT) represents approximately 0.41% 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 San Juan Basin Royalty Trust (SJT) was 5,611,981 shares, as reported at the end of Q3 2025. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.