RAFAEL HLDGS INC

Ticker: RFL CUSIP: 75062E106 Class: COM CL B

HORIZON KINETICS ASSET MANAGEMENT LLC's Holding History (CIK: 0001056823)

Note: Option positions (PUT/CALL) are excluded.

Q4 2019

Shares 18,494 Value ($000) $330 Avg Close $18.22 Range $14.91 - $21.68

Q3 2019

Shares 18,494 Value ($000) $388 Avg Close $20.39 Range $18.00 - $29.32

Q2 2019

Shares 18,494 Value ($000) $532 Avg Close $17.22 Range $11.92 - $30.43

Q1 2019

Shares 21,246 Value ($000) $269 Avg Close $14.38 Range $7.76 - $19.65

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2019	18,494	$330	$18.22	$14.91 - $21.68
Q3 2019	18,494	$388	$20.39	$18.00 - $29.32
Q2 2019	18,494	$532	$17.22	$11.92 - $30.43
Q1 2019	21,246	$269	$14.38	$7.76 - $19.65