MS
MSB

Murray Stahl’s Mesabi Trust MSB Stock Holding History

Murray Stahl’s Portfolio MSB Stock Details MSB Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2026
Q2 		$81.5M Buy
3,219,382
+78,410
+2% +$2.16M 0.92% 14
2026
Q1 		$98.9M Buy
3,140,972
+113,274
+4% +$3.86M 1.07% 13
2025
Q4 		$117M Buy
3,027,698
+28,372
+0.9% +$961K 1.58% 9
2025
Q3 		$87.8M Buy
2,999,326
+38,736
+1% +$1.14M 1.07% 13
2025
Q2 		$70.9M Buy
2,960,590
+58,895
+2% +$1.53M 0.84% 14
2025
Q1 		$78.9M Buy
2,901,695
+58,685
+2% +$1.61M 0.9% 11
2024
Q4 		$79.9M Buy
2,843,010
+183,387
+7% +$4.76M 0.99% 11
2024
Q3 		$60.2M Buy
2,659,623
+37,417
+1% +$685K 0.9% 12
2024
Q2 		$45.2M Buy
2,622,206
+21,208
+0.8% +$368K 0.79% 15
2024
Q1 		$46M Sell
2,600,998
-319,320
-11% -$6.05M 0.87% 13
2023
Q4 		$59.8M Sell
2,920,318
-129,034
-4% -$2.55M 1.25% 10
2023
Q3 		$61.2M Buy
3,049,352
+92,922
+3% +$1.78M 1.21% 11
2023
Q2 		$60.3M Buy
2,956,430
+2,604
+0.1% +$55.9K 1.3% 11
2023
Q1 		$74.4M Buy
2,953,826
+269,100
+10% +$6.24M 1.43% 11
2022
Q4 		$48.4M Buy
2,684,726
+110,053
+4% +$2.18M 0.8% 18
2022
Q3 		$55.4M Sell
2,574,673
-54,131
-2% -$1.4M 1.11% 12
2022
Q2 		$64.5M Buy
2,628,804
+134,307
+5% +$3.49M 1.35% 11
2022
Q1 		$66.5M Buy
2,494,497
+364,751
+17% +$10.2M 1.34% 13
2021
Q4 		$56.3M Buy
2,129,746
+158,317
+8% +$4.24M 1.24% 12
2021
Q3 		$58.6M Buy
1,971,429
+51,359
+3% +$1.72M 1.37% 11
2021
Q2 		$68M Buy
1,920,070
+215,699
+13% +$7.8M 1.38% 9
2021
Q1 		$51.3M Buy
1,704,371
+271,070
+19% +$7.59M 1.16% 10
2020
Q4 		$40.2M Buy
1,433,301
+290,636
+25% +$7.07M 1.34% 16
2020
Q3 		$24.2M Buy
1,142,665
+555,892
+95% +$10.5M 0.97% 22
2020
Q2 		$10.3M Buy
586,773
+275,344
+88% +$4.29M 0.37% 35
2020
Q1 		$4.45M Buy
311,429
+5,139
+2% +$97.5K 0.2% 56
2019
Q4 		$7.21M Sell
306,290
-18,909
-6% -$438K 0.2% 48
2019
Q3 		$7.78M Buy
325,199
+27,013
+9% +$692K 0.23% 47
2019
Q2 		$8.81M Buy
298,186
+27,603
+10% +$824K 0.24% 45
2019
Q1 		$7.92M Buy
+270,583
New +$7.74M 0.22% 46

Other funds holding MSB

V
ValueWorks New York $479M AUM 117.71% 1-Year Est. Return
CAMG
CWA Asset Management Group Naples, Florida $3.28B AUM 34.07% 1-Year Est. Return
First Manhattan
First Manhattan New York $39.2B AUM 21.04% 1-Year Est. Return
MRI
Mad River Investors Boston, Massachusetts $268M AUM 31.54% 1-Year Est. Return
ASN
Advisory Services Network Atlanta, Georgia $8.83B AUM 38.5% 1-Year Est. Return
MC
Moors & Cabot Boston, Massachusetts $2.57B AUM 37.84% 1-Year Est. Return
ECM
EagleClaw Capital Management Boston, Massachusetts $745M AUM 23.99% 1-Year Est. Return
Morgan Stanley
Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return
Bank of New York Mellon
Bank of New York Mellon New York $609B AUM 40.19% 1-Year Est. Return
SEI Investments
SEI Investments Oaks, Pennsylvania $113B AUM 34.64% 1-Year Est. Return

Murray Stahl's MSB Position: Q2 2026 in Review

Murray Stahl increased its Mesabi Trust (MSB) stake by 2.5% in Q2 2026, buying an estimated $2.16M and bringing the position to 3,219,382 shares worth $81.5M. The position accounts for 0.92% of the portfolio, ranked #14.

Murray Stahl first reported a position in MSB in Q1 2019 and has held it in 30 quarters since. The position peaked at $117M in Q4 2025. 62 funds tracked by Wall St. Rank hold MSB as of Q2 2026.

  • Murray Stahl held 3,219,382 shares of Mesabi Trust worth $81.5M as of Q2 2026.
  • Murray Stahl bought 78,410 Mesabi Trust shares in Q2 2026, an estimated $2.16M.
  • Mesabi Trust made up 0.92% of Murray Stahl's portfolio in Q2 2026, its #14 holding.
  • Murray Stahl first reported a position in Mesabi Trust in Q1 2019 and has held it in 30 quarters since.
  • Murray Stahl's Mesabi Trust position peaked at $117M in Q4 2025.
  • 62 funds tracked by Wall St. Rank held Mesabi Trust as of Q2 2026.

Based on Horizon Kinetics Asset Management's 13F filing for Q2 2026, filed 11 Aug 2026.