Murray Stahl recently filed their 13F report for the third quarter of 2022, which ended on 2022-09-30.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
Murray Stahl (Trades, Portfolio) is Chief Executive Officer, Chairman of the Board of Horizon Kinetics and is a co-founder of the firm. He has over thirty years of investing experience and is responsible for overseeing the firm’s proprietary research. Murray serves as the firm’s Chief Investment Officer and chairs the Investment Committee, which is responsible for portfolio management decisions.
He is also the Co-Portfolio Manager for a number of registered investment companies, private funds and institutional separate accounts. Additionally, Murray is the Chairman and Chief Executive Officer of FRMO Corp. He is also a member of the Board of Directors of the Minneapolis Grain Exchange, the Bermuda Stock Exchange and Texas Pacific Land Corporation. Prior to co-founding the Firm, Murray spent 16 years at Bankers Trust Company (1978-1994) as a senior portfolio manager and research analyst. As a senior fund manager, he was responsible for investing the Utility Mutual Fund, along with three of the bank’s Common Trust Funds: The Special Opportunity Fund, The Utility Fund and The Tangible Assets Fund. He was also a member of the Equity Strategy Group and the Investment Strategy Group, which established asset allocation guidelines for the Private Bank.
Murray received a Bachelor of Arts in 1976, a Masters of Arts in 1980 from Brooklyn College, and an MBA from Pace University in 1985.
As of the latest 13F report, the guru’s equity portfolio contained 330 stocks valued at a total of $4.97Bil. The top holdings were TPL(53.29%), FNV(2.59%), and CACI(2.38%).
According to GuruFocus data, these were Murray Stahl (Trades, Portfolio)’s top five trades of the quarter.
Texas Pacific Land Corp
Murray Stahl (Trades, Portfolio) reduced their investment in NYSE:TPL by 16,086 shares. The trade had a 0.5% impact on the equity portfolio. During the quarter, the stock traded for an average price of $1733.48.
On 11/15/2022, Texas Pacific Land Corp traded for a price of $2677.78 per share and a market cap of $20.50Bil. The stock has returned 106.32% over the past year.
GuruFocus gives the company a financial strength rating of 10 out of 10 and a profitability rating of 10 out of 10.
In terms of valuation, Texas Pacific Land Corp has a price-earnings ratio of 48.34, a price-book ratio of 28.44, a price-earnings-to-growth (PEG) ratio of 1.31, a EV-to-Ebitda ratio of 34.35 and a price-sales ratio of 31.09.
The price-to-GF Value ratio is 1.35, earning the stock a GF Value rank of 1.
Permian Basin Royalty Trust
During the quarter, Murray Stahl (Trades, Portfolio) bought 985,353 shares of NYSE:PBT for a total holding of 3,075,848. The trade had a 0.32% impact on the equity portfolio. During the quarter, the stock traded for an average price of $17.39.
On 11/15/2022, Permian Basin Royalty Trust traded for a price of $21.7972 per share and a market cap of $1.02Bil. The stock has returned 172.70% over the past year.
GuruFocus gives the company a financial strength rating of 9 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, Permian Basin Royalty Trust has a price-earnings ratio of 59.07, a price-book ratio of 2185.50, a EV-to-Ebitda ratio of 58.81 and a price-sales ratio of 55.06.
The price-to-GF Value ratio is 4.78, earning the stock a GF Value rank of 1.
Viper Energy Partners LP
Murray Stahl (Trades, Portfolio) reduced their investment in NAS:VNOM by 319,482 shares. The trade had a 0.18% impact on the equity portfolio. During the quarter, the stock traded for an average price of $29.13.
On 11/15/2022, Viper Energy Partners LP traded for a price of $33.545 per share and a market cap of $2.49Bil. The stock has returned 56.58% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, Viper Energy Partners LP has a price-earnings ratio of 15.09, a price-book ratio of 3.43, a price-earnings-to-growth (PEG) ratio of 0.28, a EV-to-Ebitda ratio of 4.20 and a price-sales ratio of 3.09.
The price-to-GF Value ratio is 0.84, earning the stock a GF Value rank of 9.
Archer-Daniels Midland Co
Murray Stahl (Trades, Portfolio) reduced their investment in NYSE:ADM by 80,526 shares. The trade had a 0.13% impact on the equity portfolio. During the quarter, the stock traded for an average price of $82.33.
On 11/15/2022, Archer-Daniels Midland Co traded for a price of $93.639 per share and a market cap of $51.43Bil. The stock has returned 42.79% over the past year.
GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 7 out of 10.
In terms of valuation, Archer-Daniels Midland Co has a price-earnings ratio of 12.91, a price-book ratio of 2.14, a price-earnings-to-growth (PEG) ratio of 1.70, a EV-to-Ebitda ratio of 9.43 and a price-sales ratio of 0.53.
The price-to-GF Value ratio is 1.12, earning the stock a GF Value rank of 3.
Wheaton Precious Metals Corp
Murray Stahl (Trades, Portfolio) reduced their investment in NYSE:WPM by 155,070 shares. The trade had a 0.12% impact on the equity portfolio. During the quarter, the stock traded for an average price of $32.84.
On 11/15/2022, Wheaton Precious Metals Corp traded for a price of $37.22 per share and a market cap of $16.85Bil. The stock has returned -16.21% over the past year.
GuruFocus gives the company a financial strength rating of 10 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, Wheaton Precious Metals Corp has a price-earnings ratio of 21.13, a price-book ratio of 2.56, a price-earnings-to-growth (PEG) ratio of 1.55, a EV-to-Ebitda ratio of 15.62 and a price-sales ratio of 15.70.
The price-to-GF Value ratio is 1.03, earning the stock a GF Value rank of 6.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
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