Murray Stahl's WPM Position Overview
Murray Stahl (via Horizon Kinetics Asset Management LLC) currently holds 2.49 M shares of Wheaton Precious Metals Corp. (WPM) worth $293.04 M, representing 3.96% of the portfolio. First purchased in 2017-Q2, this long-term strategic position has been held for 35 quarters.
Based on 13F filings, Murray Stahl has maintained a strategic position in WPM, demonstrating sustained confidence in this investment. Largest addition occurred in Q3 2019, adding 593,688 shares. Largest reduction occurred in Q2 2020, reducing 543,232 shares.
Analysis based on 13F filings available since 2013 Q2
Murray Stahl's Wheaton Precious Metals (WPM) Holding Value Over Time
Track share changes against reported price movement
Quarterly Wheaton Precious Metals (WPM) Trades by Murray Stahl
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | -298,594 | Reduce 10.69% | 2.49 M | $117.52 |
| Q3 2025 | -193,374 | Reduce 6.48% | 2.79 M | $111.84 |
| Q2 2025 | +28,792 | Add 0.97% | 2.99 M | $89.80 |
| Q1 2025 | +25,448 | Add 0.87% | 2.96 M | $77.63 |
| Q4 2024 | +177,071 | Add 6.43% | 2.93 M | $56.24 |
| Q3 2024 | -7,333 | Reduce 0.27% | 2.75 M | $61.08 |
| Q2 2024 | +76,517 | Add 2.85% | 2.76 M | $52.42 |
| Q1 2024 | -246,275 | Reduce 8.40% | 2.68 M | $47.13 |
| Q4 2023 | -238,792 | Reduce 7.53% | 2.93 M | $49.34 |
| Q3 2023 | -172,480 | Reduce 5.16% | 3.17 M | $40.55 |
| Q2 2023 | -128,992 | Reduce 3.72% | 3.34 M | $43.22 |
| Q1 2023 | +22,074 | Add 0.64% | 3.47 M | $48.16 |
| Q4 2022 | +190,264 | Add 5.84% | 3.45 M | $39.08 |
| Q3 2022 | -155,070 | Reduce 4.54% | 3.26 M | $32.36 |
| Q2 2022 | +89,965 | Add 2.71% | 3.41 M | $36.03 |
| Q1 2022 | +221,587 | Add 7.14% | 3.32 M | $47.58 |
| Q4 2021 | +101,355 | Add 3.38% | 3.1 M | $42.93 |
| Q3 2021 | +58,350 | Add 1.98% | 3 M | $37.58 |
| Q2 2021 | +434,294 | Add 17.31% | 2.94 M | $44.07 |
| Q1 2021 | -25,032 | Reduce 0.99% | 2.51 M | $38.21 |
| Q4 2020 | -203,336 | Reduce 7.43% | 2.53 M | $41.74 |
| Q3 2020 | -191,990 | Reduce 6.55% | 2.74 M | $49.07 |
| Q2 2020 | -543,232 | Reduce 15.64% | 2.93 M | $44.05 |
| Q1 2020 | -102,462 | Reduce 2.87% | 3.47 M | $27.53 |
| Q4 2019 | -3,395 | Reduce 0.09% | 3.57 M | $29.75 |
| Q3 2019 | +593,688 | Add 19.89% | 3.58 M | $26.24 |
| Q2 2019 | -57,895 | Reduce 1.90% | 2.98 M | $24.18 |
| Q1 2019 | +35,939 | Add 1.20% | 3.04 M | $23.82 |
| Q4 2018 | +25,637 | Add 0.86% | 3.01 M | $19.53 |
| Q3 2018 | -61,993 | Reduce 2.04% | 2.98 M | $17.50 |
| Q2 2018 | -68,651 | Reduce 2.21% | 3.04 M | $22.06 |
| Q1 2018 | -49,846 | Reduce 1.58% | 3.11 M | $20.37 |
| Q4 2017 | -134,244 | Reduce 4.07% | 3.16 M | $22.13 |
| Q3 2017 | -316,645 | Reduce 8.77% | 3.3 M | $19.09 |
| Q2 2017 | +3.61 M | New Buy | 3.61 M | $19.89 |
Murray Stahl's Wheaton Precious Metals Investment FAQs
Murray Stahl first purchased Wheaton Precious Metals Corp. (WPM) in Q2 2017, acquiring 3,612,168 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 Wheaton Precious Metals Corp. (WPM) for 35 quarters since Q2 2017.
Murray Stahl's largest addition to Wheaton Precious Metals Corp. (WPM) was in Q2 2017, adding 3,612,168 shares worth $71.85 M.
According to the latest 13F filing for Q4 2025, Murray Stahl's firm, Horizon Kinetics Asset Management LLC, owns 2,493,518 shares of Wheaton Precious Metals Corp. (WPM), valued at approximately $293.04 M.
As of the Q4 2025 filing, Wheaton Precious Metals Corp. (WPM) represents approximately 3.96% of Murray Stahl's publicly disclosed stock portfolio, making it one of their key holdings.
Murray Stahl's peak holding in Wheaton Precious Metals Corp. (WPM) was 3,612,168 shares, as reported at the end of Q2 2017.