Horizon Kinetics Asset Management’s Rayonier RYN Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$630K	Buy	30,536 +14,763	+94%	+$325K	0.01%	204
2025 Q4	$341K	Sell	15,773 -5,580	-26%	-$126K	﹤0.01%	250
2025 Q3	$540K	Sell	21,353 -17,606	-45%	-$422K	0.01%	227
2025 Q2	$824K	Sell	38,959 -4,443	-10%	-$101K	0.01%	200
2025 Q1	$1.15M	Sell	43,402 -14,668	-25%	-$372K	0.01%	163
2024 Q4	$1.45M	Sell	58,070 -8,773	-13%	-$244K	0.02%	145
2024 Q3	$1.95M	Sell	66,843 -27,029	-29%	-$738K	0.03%	123
2024 Q2	$2.48M	Buy	93,872 +2,377	+3%	+$65.3K	0.04%	88
2024 Q1	$2.76M	Sell	91,495 -39,094	-30%	-$1.17M	0.05%	80
2023 Q4	$3.96M	Sell	130,589 -5,032	-4%	-$135K	0.08%	70
2023 Q3	$3.5M	Sell	135,621 -5,272	-4%	-$147K	0.07%	73
2023 Q2	$4.01M	Sell	140,893 -1,267	-0.9%	-$35.3K	0.09%	71
2023 Q1	$4.29M	Sell	142,160 -5,644	-4%	-$174K	0.08%	67
2022 Q4	$4.42M	Buy	147,804 +1,020	+0.7%	+$31.3K	0.07%	67
2022 Q3	$3.99M	Buy	146,784 +6,485	+5%	+$209K	0.08%	65
2022 Q2	$4.76M	Buy	140,299 +872	+0.6%	+$32K	0.1%	64
2022 Q1	$5.2M	Buy	139,427 +4,625	+3%	+$164K	0.1%	71
2021 Q4	$4.94M	Buy	134,802 +24,843	+23%	+$864K	0.11%	70
2021 Q3	$3.56M	Buy	109,959 +1,593	+1%	+$53.4K	0.08%	84
2021 Q2	$3.53M	Buy	108,366 +2,317	+2%	+$76.1K	0.07%	89
2021 Q1	$3.1M	Buy	106,049 +342	+0.3%	+$10.1K	0.07%	87
2020 Q4	$2.82M	Buy	105,707 +2,286	+2%	+$58.3K	0.09%	88
2020 Q3	$2.48M	Buy	+103,421	New	+$2.58M	0.1%	93