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Murray Stahl
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Profile
Murray Stahl was the founder of FRMO Corp., founded in 1993, serving as Chief Executive Officer from 2025 to 2026.
Mr. Stahl was the founder of Horizon Kinetics Asset Management LLC, founded in 1994, serving as Chairman, CEO & CIO from 1994 to 2026.
Mr. Stahl was the founder of Horizon Kinetics LLC, founded in 1994, serving as Chairman, Chief Executive & Investment Officer from 1994 to 2026.
Mr. Stahl was the founder of Horizon Kinetics Holding Corp., founded in 1994, serving as Chairman, Chief Executive & Investment Officer from 2024 to 2026.
Mr. Stahl was the founder of Kinetics Asset Management LLC, founded in 1996, serving as Chairman, CEO & CIO from 1996 to 2019.
Mr. Stahl is the founder of Kinetics Advisers LLC, founded in 2000, serving as Chairman, Chief Executive & Investment Officer from 2000 to 2019.
Former jobs include Chairman & Chief Executive Officer at Fromex Equity Corp., Chairman, President, Chief Executive Officer & CFO at RENN Fund, Inc. from 2017 to 2026, Vice Chairman at MIAX Futures Exchange LLC, Director at Winland Holdings Corp., Director at IL&FS Securities Services Ltd. from 2008 to 2020, Director at Winland Electronics, Inc. from 2015 to 2020, Director & Chief Investment Officer at Kinetics Mutual Funds, Inc. from 2023 to 2026, Director at Miami International Holdings, Inc. from 2025 to 2026, Director at The Bermuda Stock Exchange Ltd. from 2014 to 2026, Independent Director at Texas Pacific Land Corp.
from 2021 to 2026, Senior Portfolio Manager & Research Analyst at Bankers Trust Co. (Des Moines, Iowa) from 1987 to 1993, Managing Member at MSRH LLC, and Chief Strategy Officer at Consensus Mining & Seigniorage Corp.
Education includes an undergraduate degree from Brooklyn College in 1976, a graduate degree from Brooklyn College in 1980, and an MBA from Pace University in 1985.
Former positions of Murray Stahl
| Companies | Position | End |
|---|---|---|
| MIAMI INTERNATIONAL HOLDINGS, INC. | Director/Board Member | 07/04/2026 |
| TEXAS PACIFIC LAND CORPORATION | Director/Board Member | 07/04/2026 |
| CONSENSUS MINING & SEIGNIORAGE CORPORATION | Corporate Officer/Principal | 07/04/2026 |
Fromex Equity Corp.
 Fromex Equity Corp. Investment ManagersFinance Provides investment management services | Chief Executive Officer | 07/04/2026 |
Training of Murray Stahl
Experiences
Positions held
Active
Inactive
Listed companies
Private companies
Connections
68
1st degree connections
20
1st degree companies
Male
Female
Members of the board
Executives
Linked companies
| Private companies | 20 |
|---|---|
Winland Holdings Corp.
 Winland Holdings Corp. Electronic Equipment/InstrumentsElectronic Technology Provides investment holdings for the marketing and selling of its line of proprietary critical condition monitoring products | Electronic Technology |
FRMO Corp.
 FRMO Corp. Investment ManagersFinance Operates as an intellectual capital company | Finance |
Bankers Trust Co. (Des Moines, Iowa)
 Bankers Trust Co. (Des Moines, Iowa) Investment ManagersFinance Bankers Trust treats investment management as an ongoing process to help clients achieve their future goals. The firm’s approach addresses their whole financial picture, from retirement planning to education funding to managing risk, and developing appropriate investment strategies for each area. | Finance |
Kinetics Mutual Funds, Inc.
 Kinetics Mutual Funds, Inc. Investment Trusts/Mutual FundsMiscellaneous Provides mutual fund investment services | Miscellaneous |
Horizon Kinetics Asset Management LLC
 Horizon Kinetics Asset Management LLC Investment ManagersFinance HKAM is a contrarian (fact-based) investor. The firm conducts their own proprietary in-house research consisting primarily of qualitative and quantitative, bottom-up, value-oriented analysis of a wide universe of companies operating in the US and abroad. | Finance |
Kinetics Asset Management LLC
 Kinetics Asset Management LLC Investment ManagersFinance Kinetics Asset Management, along with their affiliates, conducts their own proprietary in-house research consisting primarily of a qualitative and quantitative, bottom-up, value-oriented analysis of a wide universe of companies operating in the US and abroad. Kinetics manages accounts primarily by investing, trading and dealing in public securities of all kinds and descriptions, including, but not limited to, equity, debt, convertible securities, bank loans, preferred stock, options, warrants, trade claims, and monetary instruments. On behalf of their clients, Kinetics may also invest in arbitrage and special situations, both long and short securities positions, option arbitrage, international arbitrage, and other strategies. | Finance |
Fromex Equity Corp.
Fromex Equity Corp. Investment ManagersFinance Provides investment management services | Finance |
Miami International Holdings, Inc.
 Miami International Holdings, Inc. Investment Banks/BrokersFinance Operates as a holding company whose subsidiaries provides trading platform and derivatives exchange services | Finance |
Brooklyn College
 Brooklyn College Other Consumer ServicesConsumer Services Functions as a College/University | Consumer Services |
Pace University
 Pace University Other Consumer ServicesConsumer Services Functions as a College/University | Consumer Services |
The Bermuda Stock Exchange Ltd.
 The Bermuda Stock Exchange Ltd. Investment Banks/BrokersFinance Operates an electronic stock exchange | Finance |
Kinetics Advisers LLC
 Kinetics Advisers LLC Investment ManagersFinance Kinetics Advisers focuses on long/short investments in invests in the next-generation Internet, communications and biotechnology sectors. The firm seeks to invest in companies with products and services that meet the needs of large, untapped markets. | Finance |
Minneapolis Grain Exchange LLC
 Minneapolis Grain Exchange LLC Investment Banks/BrokersFinance Operates an commodity exchange | Finance |
MSRH LLC
 MSRH LLC Investment ManagersFinance Provides investment advice | Finance |
IL&FS Securities Services Ltd.
 IL&FS Securities Services Ltd. Investment Banks/BrokersFinance Provides depository services, custodian services, and well as clearing services for the commodities exchange | Finance |
RENN Fund, Inc.
 RENN Fund, Inc. Investment Trusts/Mutual FundsMiscellaneous Acts as Closed-End Investment Fund/Investment Trust | Miscellaneous |
Horizon Kinetics LLC
 Horizon Kinetics LLC Investment ManagersFinance Provides investment management company | Finance |
Winland Electronics, Inc.
 Winland Electronics, Inc. Electronic Equipment/InstrumentsElectronic Technology Manufactures medical condition monitoring products | Electronic Technology |
Texas Pacific Land Corp.
 Texas Pacific Land Corp. Investment Trusts/Mutual FundsMiscellaneous Engages in oil and gas royalty, water infrastructure & land sale and leasing activities | Miscellaneous |
Consensus Mining & Seigniorage Corp.
 Consensus Mining & Seigniorage Corp. Data Processing ServicesTechnology Services Operates as a cryptocurrency mining company | Technology Services |
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