organization · Reporting owner
Horizon Common Inc
Disclosed activity across 1 company
Sign in to followReported relationships
Latest disclosed role at each company.
| Company | Last reported as | Report date | Published |
|---|---|---|---|
| Horizon Kinetics Holding CorpHKHC · Entity 1286 | 10% owner | March 20, 2026 | March 24, 2026 |
Disclosed balances
About these balances
Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.
Horizon Kinetics Holding Corp
Report date March 20, 2026 · Filed March 24, 2026 · Amendment
Jointly reported with STAHL MURRAY
Amendment: balances below belong to this corrected disclosure, not necessarily a complete replacement of earlier positions.
| Security / award | Ownership account | Disclosed shares / units | Disclosure context |
|---|---|---|---|
| Common StockSEC Table I · non-derivative | Direct | 249,204 |
Reported balance
After 2026-03-20 transaction · row 1
Amendment: may correct only part of an earlier disclosure.
1 source rowRow 1 · 2026-03-20 · Purchase · Acquired 10 · Balance 249,204 F1: The number of securities beneficially owned following the reported transaction was previously overstated. This amendment corrects the ownership amount to reflect the accurate number of securities beneficially owned after the transaction. |
| Common StockSEC Table I · non-derivative | IndirectHorizon Common Inc. | 8,216,801 |
Reported balance
After 2026-03-20 transaction · row 2
Amendment: may correct only part of an earlier disclosure.
1 source rowRow 2 · 2026-03-20 · Purchase · Acquired 25 · Balance 8,216,801 F2: Mr. Stahl serves as the Chief Executive Officer and Chief Investment Strategist for Horizon Kinetics Asset Management LLC, a wholly owned subsidiary of Horizon Kinetics Holding Corporation (HKHC), and also serves as the Chief Executive Officer of Horizon Common, Inc. (HCI), a large shareholder of HKHC. Mr. Stahl exercises discretion over shares of the Issuer held by HKHC and HCI and disclaims beneficial ownership except to the extent of his pecuniary interest. |
| Common StockSEC Table I · non-derivative | IndirectHorizon Kinetics Hard Assets, LLC | 135 |
Reported balance
After 2026-03-20 transaction · row 3
Amendment: may correct only part of an earlier disclosure.
1 source rowRow 3 · 2026-03-20 · Purchase · Acquired 18 · Balance 135 F2: Mr. Stahl serves as the Chief Executive Officer and Chief Investment Strategist for Horizon Kinetics Asset Management LLC, a wholly owned subsidiary of Horizon Kinetics Holding Corporation (HKHC), and also serves as the Chief Executive Officer of Horizon Common, Inc. (HCI), a large shareholder of HKHC. Mr. Stahl exercises discretion over shares of the Issuer held by HKHC and HCI and disclaims beneficial ownership except to the extent of his pecuniary interest. |
| Common StockSEC Table I · non-derivative | IndirectSpouse | 5 |
Reported balance
Holding disclosure · report date 2026-03-20 · row 4
Amendment: may correct only part of an earlier disclosure.
1 source rowRow 4 · Balance 5 |
| Common StockSEC Table I · non-derivative | IndirectFRMO Corp. | 823,923 |
Reported balance
Holding disclosure · report date 2026-03-20 · row 5
Amendment: may correct only part of an earlier disclosure.
1 source rowRow 5 · Balance 823,923 F2: Mr. Stahl serves as the Chief Executive Officer and Chief Investment Strategist for Horizon Kinetics Asset Management LLC, a wholly owned subsidiary of Horizon Kinetics Holding Corporation (HKHC), and also serves as the Chief Executive Officer of Horizon Common, Inc. (HCI), a large shareholder of HKHC. Mr. Stahl exercises discretion over shares of the Issuer held by HKHC and HCI and disclaims beneficial ownership except to the extent of his pecuniary interest. F3: Mr. Stahl serves as the Chief Executive Officer for FRMO Corp. (FRMO) and exercises discretion over shares of the Issuer. He disclaims beneficial ownership except to the extent of his pecuniary interest. The reported ownership includes shares held by Fromex Corp., a wholly owned subsidiary of FRMO. |
| Common StockSEC Table I · non-derivative | IndirectKinetics Institutional Partners LP | 6,900 |
Reported balance
Holding disclosure · report date 2026-03-20 · row 6
Amendment: may correct only part of an earlier disclosure.
1 source rowRow 6 · Balance 6,900 F2: Mr. Stahl serves as the Chief Executive Officer and Chief Investment Strategist for Horizon Kinetics Asset Management LLC, a wholly owned subsidiary of Horizon Kinetics Holding Corporation (HKHC), and also serves as the Chief Executive Officer of Horizon Common, Inc. (HCI), a large shareholder of HKHC. Mr. Stahl exercises discretion over shares of the Issuer held by HKHC and HCI and disclaims beneficial ownership except to the extent of his pecuniary interest. |
| Common StockSEC Table I · non-derivative | IndirectKinetics Partners LP | 5,810 |
Reported balance
Holding disclosure · report date 2026-03-20 · row 7
Amendment: may correct only part of an earlier disclosure.
1 source rowRow 7 · Balance 5,810 F2: Mr. Stahl serves as the Chief Executive Officer and Chief Investment Strategist for Horizon Kinetics Asset Management LLC, a wholly owned subsidiary of Horizon Kinetics Holding Corporation (HKHC), and also serves as the Chief Executive Officer of Horizon Common, Inc. (HCI), a large shareholder of HKHC. Mr. Stahl exercises discretion over shares of the Issuer held by HKHC and HCI and disclaims beneficial ownership except to the extent of his pecuniary interest. |
| Common StockSEC Table I · non-derivative | IndirectHorizon Kinetics Asset Management LLC | 952 |
Reported balance
Holding disclosure · report date 2026-03-20 · row 8
Amendment: may correct only part of an earlier disclosure.
1 source rowRow 8 · Balance 952 F2: Mr. Stahl serves as the Chief Executive Officer and Chief Investment Strategist for Horizon Kinetics Asset Management LLC, a wholly owned subsidiary of Horizon Kinetics Holding Corporation (HKHC), and also serves as the Chief Executive Officer of Horizon Common, Inc. (HCI), a large shareholder of HKHC. Mr. Stahl exercises discretion over shares of the Issuer held by HKHC and HCI and disclaims beneficial ownership except to the extent of his pecuniary interest. |
Filing footnotes · ownership attribution and instrument terms
F1: The number of securities beneficially owned following the reported transaction was previously overstated. This amendment corrects the ownership amount to reflect the accurate number of securities beneficially owned after the transaction.
F2: Mr. Stahl serves as the Chief Executive Officer and Chief Investment Strategist for Horizon Kinetics Asset Management LLC, a wholly owned subsidiary of Horizon Kinetics Holding Corporation (HKHC), and also serves as the Chief Executive Officer of Horizon Common, Inc. (HCI), a large shareholder of HKHC. Mr. Stahl exercises discretion over shares of the Issuer held by HKHC and HCI and disclaims beneficial ownership except to the extent of his pecuniary interest.
F3: Mr. Stahl serves as the Chief Executive Officer for FRMO Corp. (FRMO) and exercises discretion over shares of the Issuer. He disclaims beneficial ownership except to the extent of his pecuniary interest. The reported ownership includes shares held by Fromex Corp., a wholly owned subsidiary of FRMO.
Transaction history
JSON APIPurchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”
The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.
| Transaction date | Company | Activity / security | Shares / units | Reported price | Reported value | Details |
|---|---|---|---|---|---|---|
| November 21, 2025 Filed Nov 24, 2025 19:22 UTC | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 4 | $28.25 | $113.00 |
DisclosureSEC source: 0001437749-25-036119 · rdgdoc.xml · nonDerivative · entry 3 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · Horizon Kinetics Hard Assets, LLC Disclosed balance after: 43 F1 · balance_after: Mr. Stahl exercises discretion over shares of the Issuer and disclaims beneficial ownership except to the extent of his pecuniary interest. Read SEC document |
| November 21, 2025 Filed Nov 24, 2025 19:22 UTC | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 9 | $28.25 | $254.25 |
DisclosureSEC source: 0001437749-25-036119 · rdgdoc.xml · nonDerivative · entry 2 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · Horizon Common Inc. Disclosed balance after: 8,216,664 F1 · balance_after: Mr. Stahl exercises discretion over shares of the Issuer and disclaims beneficial ownership except to the extent of his pecuniary interest. Read SEC document |
| November 21, 2025 Filed Nov 24, 2025 19:22 UTC | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 12 | $28.25 | $339.00 |
DisclosureSEC source: 0001437749-25-036119 · rdgdoc.xml · nonDerivative · entry 1 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 248,994 Read SEC document |
| November 20, 2025 Filed Nov 21, 2025 20:07 UTC | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 4 | $27.50 | $110.00 |
DisclosureSEC source: 0001437749-25-035975 · rdgdoc.xml · nonDerivative · entry 3 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · Horizon Kinetics Hard Assets, LLC Disclosed balance after: 39 F1 · balance_after: Mr. Stahl exercises discretion over shares of the Issuer and disclaims beneficial ownership except to the extent of his pecuniary interest. Read SEC document |
| November 20, 2025 Filed Nov 21, 2025 20:07 UTC | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 9 | $27.50 | $247.50 |
DisclosureSEC source: 0001437749-25-035975 · rdgdoc.xml · nonDerivative · entry 2 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · Horizon Common Inc. Disclosed balance after: 8,216,655 F1 · balance_after: Mr. Stahl exercises discretion over shares of the Issuer and disclaims beneficial ownership except to the extent of his pecuniary interest. Read SEC document |
| November 20, 2025 Filed Nov 21, 2025 20:07 UTC | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 11 | $27.50 | $302.50 |
DisclosureSEC source: 0001437749-25-035975 · rdgdoc.xml · nonDerivative · entry 1 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 248,982 Read SEC document |
| September 09, 2025 Filed Sep 10, 2025 15:15 UTC | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 4 | $38.30 | $153.20 |
DisclosureSEC source: 0001437749-25-028729 · rdgdoc.xml · nonDerivative · entry 4 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · Horizon Kinetics Hard Assets, LLC Disclosed balance after: 35 F4 · balance_after: Mr. Stahl exercises discretion over shares of the Issuer and disclaims beneficial ownership except to the extent of his pecuniary interest. Read SEC document |
| September 09, 2025 Filed Sep 10, 2025 15:15 UTC | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 5 | $38.30 | $191.50 |
DisclosureSEC source: 0001437749-25-028729 · rdgdoc.xml · nonDerivative · entry 3 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · FRMO Corp. Disclosed balance after: 823,923 F2 · balance_after: Mr. Stahl exercises discretion over the shares of the Issuer and owns approximately 16% of those held by FRMO Corp. He disclaims beneficial ownership over the remaining shares. F3 · balance_after: This purchase includes shares owned by Fromex Equity Corp, which is a wholly owned subsidiary of FRMO Corp. Read SEC document |
| September 09, 2025 Filed Sep 10, 2025 15:15 UTC | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 7 | $38.30 | $268.10 |
DisclosureSEC source: 0001437749-25-028729 · rdgdoc.xml · nonDerivative · entry 2 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · Horizon Common Inc. Disclosed balance after: 8,216,646 F1 · balance_after: Mr. Stahl exercises discretion over the shares of the Issuer and owns approximately 21% of those held by Horizon Common Inc. He disclaims beneficial ownership over the remaining shares. Read SEC document |
| September 09, 2025 Filed Sep 10, 2025 15:15 UTC | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 8 | $38.30 | $306.40 |
DisclosureSEC source: 0001437749-25-028729 · rdgdoc.xml · nonDerivative · entry 1 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 248,971 Read SEC document |
| September 08, 2025 Filed Sep 9, 2025 14:43 UTC | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 4 | $38.85 | $155.40 |
DisclosureSEC source: 0001437749-25-028622 · rdgdoc.xml · nonDerivative · entry 4 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · Horizon Kinetics Hard Assets, LLC Disclosed balance after: 31 F4 · balance_after: Mr. Stahl exercises discretion over shares of the Issuer and disclaims beneficial ownership except to the extent of his pecuniary interest. Read SEC document |
| September 08, 2025 Filed Sep 9, 2025 14:43 UTC | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 5 | $38.85 | $194.25 |
DisclosureSEC source: 0001437749-25-028622 · rdgdoc.xml · nonDerivative · entry 3 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · FRMO Corp. Disclosed balance after: 823,918 F2 · balance_after: Mr. Stahl exercises discretion over the shares of the Issuer and owns approximately 16% of those held by FRMO Corp. He disclaims beneficial ownership over the remaining shares. F3 · balance_after: This purchase includes shares owned by Fromex Equity Corp, which is a wholly owned subsidiary of FRMO Corp. Read SEC document |
| September 08, 2025 Filed Sep 9, 2025 14:43 UTC | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 6 | $38.85 | $233.10 |
DisclosureSEC source: 0001437749-25-028622 · rdgdoc.xml · nonDerivative · entry 2 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · Horizon Common Inc. Disclosed balance after: 8,216,639 F1 · balance_after: Mr. Stahl exercises discretion over the shares of the Issuer and owns approximately 21% of those held by Horizon Common Inc. He disclaims beneficial ownership over the remaining shares. Read SEC document |
| September 08, 2025 Filed Sep 9, 2025 14:43 UTC | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 10 | $38.85 | $388.50 |
DisclosureSEC source: 0001437749-25-028622 · rdgdoc.xml · nonDerivative · entry 1 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 248,963 Read SEC document |
| September 05, 2025 Filed Sep 8, 2025 14:29 UTC | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 4 | $39.00 | $156.00 |
DisclosureSEC source: 0001437749-25-028532 · rdgdoc.xml · nonDerivative · entry 4 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · Horizon Kinetics Hard Assets, LLC Disclosed balance after: 27 F4 · balance_after: Mr. Stahl exercises discretion over shares of the Issuer and disclaims beneficial ownership except to the extent of his pecuniary interest. Read SEC document |
| September 05, 2025 Filed Sep 8, 2025 14:29 UTC | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 5 | $39.00 | $195.00 |
DisclosureSEC source: 0001437749-25-028532 · rdgdoc.xml · nonDerivative · entry 3 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · FRMO Corp. Disclosed balance after: 823,913 F2 · balance_after: Mr. Stahl exercises discretion over the shares of the Issuer and owns approximately 16% of those held by FRMO Corp. He disclaims beneficial ownership over the remaining shares. F3 · balance_after: This purchase includes shares owned by Fromex Equity Corp, which is a wholly owned subsidiary of FRMO Corp. Read SEC document |
| September 05, 2025 Filed Sep 8, 2025 14:29 UTC | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 6 | $39.00 | $234.00 |
DisclosureSEC source: 0001437749-25-028532 · rdgdoc.xml · nonDerivative · entry 2 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · Horizon Common Inc. Disclosed balance after: 8,216,633 F1 · balance_after: Mr. Stahl exercises discretion over the shares of the Issuer and owns approximately 21% of those held by Horizon Common Inc. He disclaims beneficial ownership over the remaining shares. Read SEC document |
| September 05, 2025 Filed Sep 8, 2025 14:29 UTC | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 8 | $39.00 | $312.00 |
DisclosureSEC source: 0001437749-25-028532 · rdgdoc.xml · nonDerivative · entry 1 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 248,953 Read SEC document |
| September 04, 2025 Filed Sep 5, 2025 14:51 UTC | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 4 | $39.45 | $157.80 |
DisclosureSEC source: 0001437749-25-028448 · rdgdoc.xml · nonDerivative · entry 4 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · Horizon Kinetics Hard Assets, LLC Disclosed balance after: 23 F4 · balance_after: Mr. Stahl exercises discretion over shares of the Issuer and disclaims beneficial ownership except to the extent of his pecuniary interest. Read SEC document |
| September 04, 2025 Filed Sep 5, 2025 14:51 UTC | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 5 | $39.45 | $197.25 |
DisclosureSEC source: 0001437749-25-028448 · rdgdoc.xml · nonDerivative · entry 3 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · FRMO Corp. Disclosed balance after: 823,908 F2 · balance_after: Mr. Stahl exercises discretion over the shares of the Issuer and owns approximately 16% of those held by FRMO Corp. He disclaims beneficial ownership over the remaining shares. F3 · balance_after: This purchase includes shares owned by Fromex Equity Corp, which is a wholly owned subsidiary of FRMO Corp. Read SEC document |
| September 04, 2025 Filed Sep 5, 2025 14:51 UTC | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 6 | $39.45 | $236.70 |
DisclosureSEC source: 0001437749-25-028448 · rdgdoc.xml · nonDerivative · entry 2 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · Horizon Common Inc. Disclosed balance after: 8,216,627 F1 · balance_after: Mr. Stahl exercises discretion over the shares of the Issuer and owns approximately 21% of those held by Horizon Common Inc. He disclaims beneficial ownership over the remaining shares. Read SEC document |
| September 04, 2025 Filed Sep 5, 2025 14:51 UTC | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 8 | $39.45 | $315.60 |
DisclosureSEC source: 0001437749-25-028448 · rdgdoc.xml · nonDerivative · entry 1 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 248,945 Read SEC document |
| September 03, 2025 Filed Sep 4, 2025 13:54 UTC | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 4 | $40.20 | $160.80 |
DisclosureSEC source: 0001437749-25-028331 · rdgdoc.xml · nonDerivative · entry 4 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · Horizon Kinetics Hard Assets, LLC Disclosed balance after: 19 F4 · balance_after: Mr. Stahl exercises discretion over shares of the Issuer and disclaims beneficial ownership except to the extent of his pecuniary interest. Read SEC document |
| September 03, 2025 Filed Sep 4, 2025 13:54 UTC | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 5 | $40.20 | $201.00 |
DisclosureSEC source: 0001437749-25-028331 · rdgdoc.xml · nonDerivative · entry 3 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · FRMO Corp. Disclosed balance after: 823,903 F2 · balance_after: Mr. Stahl exercises discretion over the shares of the Issuer and owns approximately 16% of those held by FRMO Corp. He disclaims beneficial ownership over the remaining shares. F3 · balance_after: This purchase includes shares owned by Fromex Equity Corp, which is a wholly owned subsidiary of FRMO Corp. Read SEC document |
| September 03, 2025 Filed Sep 4, 2025 13:54 UTC | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 6 | $40.20 | $241.20 |
DisclosureSEC source: 0001437749-25-028331 · rdgdoc.xml · nonDerivative · entry 2 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · Horizon Common Inc. Disclosed balance after: 8,216,621 F1 · balance_after: Mr. Stahl exercises discretion over the shares of the Issuer and owns approximately 21% of those held by Horizon Common Inc. He disclaims beneficial ownership over the remaining shares. Read SEC document |
| September 03, 2025 Filed Sep 4, 2025 13:54 UTC | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 8 | $40.20 | $321.60 |
DisclosureSEC source: 0001437749-25-028331 · rdgdoc.xml · nonDerivative · entry 1 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 248,937 Read SEC document |
| September 02, 2025 Filed Sep 3, 2025 15:55 UTC | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 4 | $38.00 | $152.00 |
DisclosureSEC source: 0001437749-25-028232 · rdgdoc.xml · nonDerivative · entry 4 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · Horizon Kinetics Hard Assets, LLC Disclosed balance after: 15 F4 · balance_after: Mr. Stahl exercises discretion over shares of the Issuer and disclaims beneficial ownership except to the extent of his pecuniary interest. Read SEC document |
| September 02, 2025 Filed Sep 3, 2025 15:55 UTC | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 5 | $38.00 | $190.00 |
DisclosureSEC source: 0001437749-25-028232 · rdgdoc.xml · nonDerivative · entry 3 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · FRMO Corp. Disclosed balance after: 823,898 F2 · balance_after: Mr. Stahl exercises discretion over the shares of the Issuer and owns approximately 16% of those held by FRMO Corp. He disclaims beneficial ownership over the remaining shares. F3 · balance_after: This purchase includes shares owned by Fromex Equity Corp, which is a wholly owned subsidiary of FRMO Corp. Read SEC document |
| September 02, 2025 Filed Sep 3, 2025 15:55 UTC | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 6 | $38.00 | $228.00 |
DisclosureSEC source: 0001437749-25-028232 · rdgdoc.xml · nonDerivative · entry 2 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · Horizon Common Inc. Disclosed balance after: 8,216,615 F1 · balance_after: Mr. Stahl exercises discretion over the shares of the Issuer and owns approximately 21% of those held by Horizon Common Inc. He disclaims beneficial ownership over the remaining shares. Read SEC document |
| September 02, 2025 Filed Sep 3, 2025 15:55 UTC | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 8 | $38.00 | $304.00 |
DisclosureSEC source: 0001437749-25-028232 · rdgdoc.xml · nonDerivative · entry 1 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 248,929 Read SEC document |
| August 29, 2025 Filed Sep 2, 2025 18:10 UTC | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 2 | $38.00 | $76.00 |
DisclosureSEC source: 0001437749-25-028117 · rdgdoc.xml · nonDerivative · entry 4 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · Horizon Kinetics Hard Assets, LLC Disclosed balance after: 11 F4 · balance_after: Mr. Stahl exercises discretion over shares of the Issuer and disclaims beneficial ownership except to the extent of his pecuniary interest. Read SEC document |
| August 29, 2025 Filed Sep 2, 2025 18:10 UTC | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 5 | $38.00 | $190.00 |
DisclosureSEC source: 0001437749-25-028117 · rdgdoc.xml · nonDerivative · entry 3 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · FRMO Corp. Disclosed balance after: 823,893 F2 · balance_after: Mr. Stahl exercises discretion over the shares of the Issuer and owns approximately 16% of those held by FRMO Corp. He disclaims beneficial ownership over the remaining shares. F3 · balance_after: This purchase includes shares owned by Fromex Equity Corp, which is a wholly owned subsidiary of FRMO Corp. Read SEC document |
| August 29, 2025 Filed Sep 2, 2025 18:10 UTC | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 6 | $38.00 | $228.00 |
DisclosureSEC source: 0001437749-25-028117 · rdgdoc.xml · nonDerivative · entry 2 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · Horizon Common Inc. Disclosed balance after: 8,216,609 F1 · balance_after: Mr. Stahl exercises discretion over the shares of the Issuer and owns approximately 21% of those held by Horizon Common Inc. He disclaims beneficial ownership over the remaining shares. Read SEC document |
| August 29, 2025 Filed Sep 2, 2025 18:10 UTC | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 8 | $38.00 | $304.00 |
DisclosureSEC source: 0001437749-25-028117 · rdgdoc.xml · nonDerivative · entry 1 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 248,921 Read SEC document |
| August 28, 2025 Filed Sep 2, 2025 19:08 UTC Amendment | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 2 | $38.00 | $76.00 |
DisclosureSEC source: 0001437749-25-028126 · rdgdoc.xml · nonDerivative · entry 4 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · Horizon Kinetics Hard Assets, LLC Disclosed balance after: 9 F4 · balance_after: Mr. Stahl exercises discretion over shares of the Issuer and disclaims beneficial ownership except to the extent of his pecuniary interest. Read SEC document |
| August 28, 2025 Filed Sep 2, 2025 19:08 UTC Amendment | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 5 | $38.00 | $190.00 |
DisclosureSEC source: 0001437749-25-028126 · rdgdoc.xml · nonDerivative · entry 3 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · FRMO Corp. Disclosed balance after: 823,888 F2 · balance_after: Mr. Stahl exercises discretion over the shares of the Issuer and owns approximately 16% of those held by FRMO Corp. He disclaims beneficial ownership over the remaining shares. F3 · balance_after: This purchase includes shares owned by Fromex Equity Corp, which is a wholly owned subsidiary of FRMO Corp. Read SEC document |
| August 28, 2025 Filed Sep 2, 2025 19:08 UTC Amendment | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 6 | $38.00 | $228.00 |
DisclosureSEC source: 0001437749-25-028126 · rdgdoc.xml · nonDerivative · entry 2 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · Horizon Common Inc. Disclosed balance after: 8,216,603 F1 · balance_after: Mr. Stahl exercises discretion over the shares of the Issuer and owns approximately 21% of those held by Horizon Common Inc. He disclaims beneficial ownership over the remaining shares. F5 · ownership.nature: This Form 4/A amends the Form 4 filed on August 29, 2025, to add Horizon Common Inc as an additional reporting person and 10% owner as reflected in the table below and in previous filings. Read SEC document |
| August 28, 2025 Filed Sep 2, 2025 19:08 UTC Amendment | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 8 | $38.00 | $304.00 |
DisclosureSEC source: 0001437749-25-028126 · rdgdoc.xml · nonDerivative · entry 1 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 248,961 Read SEC document |
| August 27, 2025 Filed Sep 2, 2025 19:12 UTC Amendment | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 2 | $38.00 | $76.00 |
DisclosureSEC source: 0001437749-25-028128 · rdgdoc.xml · nonDerivative · entry 4 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · Horizon Kinetics Hard Assets, LLC Disclosed balance after: 7 F4 · balance_after: Mr. Stahl exercises discretion over shares of the Issuer and disclaims beneficial ownership except to the extent of his pecuniary interest. Read SEC document |
| August 27, 2025 Filed Sep 2, 2025 19:12 UTC Amendment | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 5 | $38.00 | $190.00 |
DisclosureSEC source: 0001437749-25-028128 · rdgdoc.xml · nonDerivative · entry 3 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · FRMO Corp. Disclosed balance after: 823,883 F2 · balance_after: Mr. Stahl exercises discretion over the shares of the Issuer and owns approximately 16% of those held by FRMO Corp. He disclaims beneficial ownership over the remaining shares. F3 · balance_after: This purchase includes shares owned by Fromex Equity Corp, which is a wholly owned subsidiary of FRMO Corp. Read SEC document |
| August 27, 2025 Filed Sep 2, 2025 19:12 UTC Amendment | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 6 | $38.00 | $228.00 |
DisclosureSEC source: 0001437749-25-028128 · rdgdoc.xml · nonDerivative · entry 2 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · Horizon Common Inc. Disclosed balance after: 8,216,597 F1 · balance_after: Mr. Stahl exercises discretion over the shares of the Issuer and owns approximately 21% of those held by Horizon Common Inc. He disclaims beneficial ownership over the remaining shares. F5 · ownership.nature: This Form 4/A amends the Form 4 filed on August 28, 2025, to add Horizon Common Inc as an additional reporting person and 10% owner as reflected in the table below and in previous filings. Read SEC document |
| August 27, 2025 Filed Sep 2, 2025 19:12 UTC Amendment | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 8 | $38.00 | $304.00 |
DisclosureSEC source: 0001437749-25-028128 · rdgdoc.xml · nonDerivative · entry 1 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 248,945 Read SEC document |
| August 26, 2025 Filed Sep 2, 2025 19:10 UTC Amendment | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 2 | $38.00 | $76.00 |
DisclosureSEC source: 0001437749-25-028127 · rdgdoc.xml · nonDerivative · entry 4 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · Horizon Kinetics Hard Assets, LLC Disclosed balance after: 5 F4 · balance_after: Mr. Stahl exercises discretion over shares of the Issuer and disclaims beneficial ownership except to the extent of his pecuniary interest. Read SEC document |
| August 26, 2025 Filed Sep 2, 2025 19:10 UTC Amendment | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 5 | $38.00 | $190.00 |
DisclosureSEC source: 0001437749-25-028127 · rdgdoc.xml · nonDerivative · entry 3 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · FRMO Corp. Disclosed balance after: 823,878 F2 · balance_after: Mr. Stahl exercises discretion over the shares of the Issuer and owns approximately 16% of those held by FRMO Corp. He disclaims beneficial ownership over the remaining shares. F3 · balance_after: This purchase includes shares owned by Fromex Equity Corp, which is a wholly owned subsidiary of FRMO Corp. Read SEC document |
| August 26, 2025 Filed Sep 2, 2025 19:10 UTC Amendment | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 6 | $38.00 | $228.00 |
DisclosureSEC source: 0001437749-25-028127 · rdgdoc.xml · nonDerivative · entry 2 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · Horizon Common Inc. Disclosed balance after: 8,216,591 F1 · balance_after: Mr. Stahl exercises discretion over the shares of the Issuer and owns approximately 21% of those held by Horizon Common Inc. He disclaims beneficial ownership over the remaining shares. F5 · ownership.nature: This Form 4/A amends the Form 4 filed on August 27, 2025, to add Horizon Common Inc as an additional reporting person and 10% owner as reflected in the table below and in previous filings. Read SEC document |
| August 26, 2025 Filed Sep 2, 2025 19:10 UTC Amendment | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 8 | $38.00 | $304.00 |
DisclosureSEC source: 0001437749-25-028127 · rdgdoc.xml · nonDerivative · entry 1 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 248,929 Read SEC document |
| August 25, 2025 Filed Aug 26, 2025 18:47 UTC | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 2 | $38.00 | $76.00 |
DisclosureSEC source: 0001437749-25-027747 · rdgdoc.xml · nonDerivative · entry 4 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · Horizon Kinetics Hard Assets, LLC Disclosed balance after: 3 F4 · balance_after: Mr. Stahl exercises discretion over shares of the Issuer and disclaims beneficial ownership except to the extent of his pecuniary interest. Read SEC document |
| August 25, 2025 Filed Aug 26, 2025 18:47 UTC | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 5 | $38.00 | $190.00 |
DisclosureSEC source: 0001437749-25-027747 · rdgdoc.xml · nonDerivative · entry 3 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · FRMO Corp. Disclosed balance after: 823,873 F2 · balance_after: Mr. Stahl exercises discretion over the shares of the Issuer and owns approximately 16% of those held by FRMO Corp. He disclaims beneficial ownership over the remaining shares. F3 · balance_after: This purchase includes shares owned by Fromex Equity Corp, which is a wholly owned subsidiary of FRMO Corp. Read SEC document |
| August 25, 2025 Filed Aug 26, 2025 18:47 UTC | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 6 | $38.00 | $228.00 |
DisclosureSEC source: 0001437749-25-027747 · rdgdoc.xml · nonDerivative · entry 2 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · Horizon Common Inc. Disclosed balance after: 8,216,585 F1 · balance_after: Mr. Stahl exercises discretion over the shares of the Issuer and owns approximately 21% of those held by Horizon Common Inc. He disclaims beneficial ownership over the remaining shares. Read SEC document |
| August 25, 2025 Filed Aug 26, 2025 18:47 UTC | Horizon Kinetics Holding Corp HKHC · Entity 1286 | PurchaseCommon Stock | 8 | $38.00 | $304.00 |
DisclosureSEC source: 0001437749-25-027747 · rdgdoc.xml · nonDerivative · entry 1 STAHL MURRAY · CIK 0001207097 · Director · CEO and CIO · 10% owner Horizon Common Inc · CIK 0002033370 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 248,889 Read SEC document |
Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.