STAHL MURRAY

Murray Stahl is Chairman, Chief Executive Officer and Chief Investment Officer of Horizon Kinetics Holding Corporation and a long‑time investment manager and co‑founder of Horizon Kinetics. He serves on multiple public company boards and manages or co‑manages a range of registered and private investment vehicles from New York.^[1]

Career Background

• Co‑founder and long‑time leader of Horizon Kinetics; oversees the firm’s research and chairs its investment committee.^[2]
• Chairman and Chief Executive Officer of FRMO Corp., and long‑standing portfolio manager across Horizon‑advised mutual funds and separate accounts.^[1]
• President, Chief Executive Officer and Portfolio Manager of RENN Fund, Inc. (RCG); has served in leadership and portfolio roles for the Fund and related vehicles.^[1]
• Earlier in his career, served as a senior portfolio manager and research analyst at Bankers Trust; holds degrees documented in regulatory filings.^[1]

Current Positions

• Horizon Kinetics Holding Corporation (HKHC) — Chairman, Chief Executive Officer and Chief Investment Officer (executive leadership at the company and its asset‑management affiliates).^[1]
• RENN Fund, Inc. (RCG) — President, Chief Executive Officer and Co‑Portfolio Manager (closed‑end fund leadership and portfolio oversight).^[1]
• Miami International Holdings, Inc. (MIAX) — Director (serves on MIAX corporate boards and related subsidiaries).^[3]
• Texas Pacific Land Corporation (TPL) — Member of the Board of Directors (public company board service noted in proxy and regulatory materials).^[1]

SEC Filing Context

• Public Section 16 filings (Forms 3/4/5) and company proxy disclosures consistently list Mr. Stahl’s executive and director roles across the issuers above; filings show frequent reporting of equity transactions tied to his positions.^[1]
• Filings and company disclosures identify Mr. Stahl as an owner or affiliated reporting person for horizon‑related entities and list board and officer titles for the public companies noted above.^[1]