Horizon Kinetics

Horizon Kinetics operates as an independent investment adviser, offering specialized advisory services. The firm employs long-only and alternative value-based strategies, guided by a long-term, contrarian, fundamental value philosophy. It identifies and invests in businesses often overlooked by markets, focusing on durable characteristics and extended product lifecycles.

Established in 1994, Horizon Kinetics was founded by Murray Stahl, Steven Bregman, and Peter Doyle. Murray Stahl, Chairman and Chief Investment Officer, leveraged extensive prior experience as a senior portfolio manager. Their founding insight arose from observing diminishing public U.S. securities, shaping their specialized approach to intrinsic value.

The firm serves clients seeking distinct investment approaches for long-term capital appreciation through value investing. Horizon Kinetics envisions delivering superior returns by patiently investing in resilient businesses exhibiting enduring value across economic cycles. This is achieved through a disciplined, research-intensive process and contrarian perspective, unearthing overlooked opportunities.