Horizon Kinetics Buys Tejon Ranch Co, Madison Square Garden Entertainment Corp, ViacomCBS Inc, Sells Colfax Corp, Markel Corp,

• New Purchases: TRC, NKTR, AMLP, VTRS,
• Added Positions: CRL, FNV, ADM, VNOM, WFG, CBRE, MMC, ICE, WPM, MNRL, VRSK, BAM, CNS, WY, CACI, OR, NTR, MSB, MSGE, GBL, JOE, RPRX, SAND, CTT, VIAC, IAC, COIN, INFL, MMX, XES, CCL, WTM, RCG, ET, GBX, WPC, VZ, TD, MMM, SEB, RCL, RYN, PCH, NEM, EPD, KMB, INTC,
• Reduced Positions: CFX, HHC, MKL, BGCP, IEP, BRK.B, LNG, WEN, CBOE, LBRDK, LSXMK, SVXY, VGSH, Y, AN, BA, DMLP, INFO, LVS, LGF.B, LYV, NVDA, RGLD, PFL, MA, AMCX, FWONK, LBRDA, ABB, T, ABT, MO, NLY, AAPL, BAC, BMY, CMS, BXMT, CAT, FIS, CVX, CSCO, DISCA, DISH, EMR, ELS, EXPE, XOM, FHI, FNF, FCX, GS, EQC, HON, MTCH, IRM, KLAC, MDLZ, SPGI, MSTR, MSFT, NDAQ, NSC, NVS, OSK, PBT, PFE, DORM, ROK, SBR, SEE, SU, PAG, VSAT, DIS, WMB, WYNN, L, VVR, RMT, NUV, PCM, EVV, MHI, JRO, PFN, PKO, SATS, V, PM, NVGS, KAR, NBB, KMF, CMRE, GM, ABBV, RYAM, BSM, BKI, SQ, BATRA, LSXMA, KRP, REZI, STNE, DOW, IAA, VMEO, BAMR, FXA, GDX, GLD, IAU, JPST, MINT, RSP, SLV, SPY, VOO, VTI, WOOD,
• Sold Out: MSGN, BPY, BABA, BHP, CSX, CCI, MTB, RIO, SLP, MAV, CEM,

For the details of Murray Stahl's stock buys and sells, go to https://www.gurufocus.com/guru/murray+stahl/current-portfolio/portfolio

1. Texas Pacific Land Corp (TPL) - 1,539,103 shares, 43.81% of the total portfolio. Shares reduced by 0.53%
2. Franco-Nevada Corp (FNV) - 948,285 shares, 2.90% of the total portfolio. Shares added by 2.66%
3. CACI International Inc (CACI) - 453,265 shares, 2.80% of the total portfolio. Shares added by 1.36%
4. Wheaton Precious Metals Corp (WPM) - 3,001,355 shares, 2.65% of the total portfolio. Shares added by 1.98%
5. Brookfield Asset Management Inc (BAM) - 2,014,076 shares, 2.54% of the total portfolio. Shares added by 1.93%

Horizon Kinetics initiated holding in Tejon Ranch Co. The purchase prices were between $14.89 and $19.47, with an estimated average price of $17.76. The stock is now traded at around $21.190000. The impact to a portfolio due to this purchase was 0.17%. The holding were 415,895 shares as of 2021-09-30.

Horizon Kinetics initiated holding in Alerian MLP ETF. The purchase prices were between $30.5 and $35.45, with an estimated average price of $32.37. The stock is now traded at around $35.070000. The impact to a portfolio due to this purchase was 0.01%. The holding were 7,351 shares as of 2021-09-30.

Horizon Kinetics initiated holding in Nektar Therapeutics. The purchase prices were between $13.07 and $18.84, with an estimated average price of $16.04. The stock is now traded at around $13.340000. The impact to a portfolio due to this purchase was 0.01%. The holding were 14,400 shares as of 2021-09-30.

Horizon Kinetics initiated holding in Viatris Inc. The purchase prices were between $13.25 and $15.13, with an estimated average price of $14.21. The stock is now traded at around $13.900000. The impact to a portfolio due to this purchase was less than 0.01%. The holding were 13,896 shares as of 2021-09-30.

Horizon Kinetics added to a holding in Madison Square Garden Entertainment Corp by 39.09%. The purchase prices were between $61.55 and $84.79, with an estimated average price of $75.17. The stock is now traded at around $76.000000. The impact to a portfolio due to this purchase was 0.03%. The holding were 53,905 shares as of 2021-09-30.

Horizon Kinetics added to a holding in ViacomCBS Inc by 86.98%. The purchase prices were between $38.47 and $44.95, with an estimated average price of $40.8. The stock is now traded at around $35.780000. The impact to a portfolio due to this purchase was 0.01%. The holding were 23,408 shares as of 2021-09-30.

Horizon Kinetics sold out a holding in . The sale prices were between $14.17 and $14.97, with an estimated average price of $14.53.

Horizon Kinetics sold out a holding in Alibaba Group Holding Ltd. The sale prices were between $145.08 and $221.87, with an estimated average price of $182.3.

Horizon Kinetics sold out a holding in . The sale prices were between $18.26 and $19.11, with an estimated average price of $18.8.

Horizon Kinetics sold out a holding in M&T Bank Corp. The sale prices were between $128.99 and $152.99, with an estimated average price of $138.71.

Horizon Kinetics sold out a holding in Simulations Plus Inc. The sale prices were between $38.45 and $55.66, with an estimated average price of $45.79.

Horizon Kinetics sold out a holding in Pioneer Muni High Income Advantage Tr. The sale prices were between $11.6 and $12.96, with an estimated average price of $12.24.