Murray Stahl Increases Stake in San Juan Basin Royalty Trust Amid Overvaluation

Wednesday, Jun 18, 2025 7:15 am ET1min read

Murray Stahl's Horizon Kinetics has executed a strategic acquisition in San Juan Basin Royalty Trust, increasing its stake to 5.30%. Despite the trust's high valuation, Stahl's move reflects confidence in its long-term potential. The transaction had a 0.04 impact on the portfolio, indicating a calculated approach to enhancing the firm's investment in this asset. San Juan Basin Royalty Trust is a US-based energy sector royalty trust primarily involved in natural gas properties in New Mexico. The trust owns approximately 75% net profit interest in a large number of natural gas properties in the San Juan Basin.

Murray Stahl Increases Stake in San Juan Basin Royalty Trust Amid Overvaluation

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