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Horizon Kinetics's investment thesis on LandBridge Company LLC ($LB) — Q4 2025 | Buyside Digest

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$LBNYSELandBridge Company LLC

BULL

Horizon Kinetics—LB

Fund Letter

Q4 2025

Published January 1, 2026

View Fund Profile

$81.17USD

-8.1% vs last month

$45.55Pitched

+78.2% since pitch

Market Cap$6.2B

P/E (TTM)N/A

52-Wk RangeN/A

Div. YieldN/A

Technical Chart

From the Fund Letter

In their 2026 New Year Letter, Horizon Kinetics' founders address client queries about their private fund offerings, explaining them as natural extensions of their long-term value philosophy. The letter critiques...

— Murray Stahl

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