Murray Stahl’s Horizon Kinetics SPAC Active ETF SPAQ Stock Holding History

Murray Stahl’s Portfolio SPAQ Stock Details SPAQ Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q2	$6.7M	Sell	71,541 -413	-0.6%	-$38.2K	0.08%	61
2026 Q1	$6.53M	Hold	71,954	–	–	0.07%	61
2025 Q4	$6.52M	Sell	71,954 -4,950	-6%	-$519K	0.09%	56
2025 Q3	$8.01M	Sell	76,904 -36,220	-32%	-$3.77M	0.1%	57
2025 Q2	$11.9M	Sell	113,124 -18,473	-14%	-$1.89M	0.14%	51
2025 Q1	$13.3M	Buy	131,597 +6,162	+5%	+$612K	0.15%	44
2024 Q4	$12.3M	Sell	125,435 -3,256	-3%	-$326K	0.15%	47
2024 Q3	$12.8M	Buy	128,691 +5,992	+5%	+$594K	0.19%	44
2024 Q2	$12.1M	Buy	122,699 +13,415	+12%	+$1.32M	0.21%	44
2024 Q1	$10.7M	Sell	109,284 -1,072	-1%	-$104K	0.2%	49
2023 Q4	$10.7M	Hold	110,356	–	–	0.22%	46
2023 Q3	$10.9M	Buy	110,356 +19,717	+22%	+$1.93M	0.22%	47
2023 Q2	$8.81M	Buy	90,639 +7,580	+9%	+$731K	0.19%	55
2023 Q1	$7.97M	Buy	+83,059	New	+$7.93M	0.15%	56

Other funds holding SPAQ

Jane Street New York $1.21T AUM 78.12% 1-Year Est. Return

PNC Financial Services Group Pittsburgh, Pennsylvania $202B AUM 37.79% 1-Year Est. Return

SWM

Spire Wealth Management Mclean, Virginia $3.31B AUM 38.78% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

Murray Stahl's SPAQ Position: Q2 2026 in Review

Murray Stahl reduced its Horizon Kinetics SPAC Active ETF (SPAQ) stake by 0.57% in Q2 2026, selling an estimated $38.2K and leaving 71,541 shares worth $6.7M. The position accounts for 0.08% of the portfolio, ranked #61.

Murray Stahl first reported a position in SPAQ in Q1 2023 and has held it in 14 quarters since. The position peaked at $13.3M in Q1 2025. 5 funds tracked by Wall St. Rank hold SPAQ as of Q2 2026.

Murray Stahl held 71,541 shares of Horizon Kinetics SPAC Active ETF worth $6.7M as of Q2 2026.
Murray Stahl sold 413 Horizon Kinetics SPAC Active ETF shares in Q2 2026, an estimated $38.2K.
Horizon Kinetics SPAC Active ETF made up 0.08% of Murray Stahl's portfolio in Q2 2026, its #61 holding.
Murray Stahl first reported a position in Horizon Kinetics SPAC Active ETF in Q1 2023 and has held it in 14 quarters since.
Murray Stahl's Horizon Kinetics SPAC Active ETF position peaked at $13.3M in Q1 2025.
5 funds tracked by Wall St. Rank held Horizon Kinetics SPAC Active ETF as of Q2 2026.

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