We are live on
!
Find out more
HK
Horizon Kinetics Portfolio holdings
AUM
$3.06B
1-Year Est. Return
5.37%
This Fund
S&P 500
This Quarter
Est. Return
-20.73%
1 Year Est. Return
+5.37%
3 Year Est. Return
+65.64%
5 Year Est. Return
+75.06%
10 Year Est. Return
–
AUM
$3.06B
AUM Growth
-$1.05B
(-25%)
Cap. Flow
-$179M
Cap. Flow
% of AUM
-5.84%
Top 10 Holdings %
Top 10 Hldgs %
59.41%
Holding
517
New
14
Increased
126
Reduced
256
Closed
44
Avg Time Held Equity + Options
15.8
quarters
Top 10 Avg Time Held Equity + Options
8.7
quarters
Top 20 Avg Time Held Equity + Options
11.1
quarters
Avg Time Held Equity only
15.9
quarters
Top 10 Avg Time Held Equity only
11
quarters
Top 20 Avg Time Held Equity only
11.2
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cheniere Energy
LNG
|
+$15.1M |
| 2 |
CACI
CACI
|
+$13.4M |
| 3 |
GE Aerospace
GE
|
+$13.4M |
| 4 |
Vanguard Extended Market ETF
VXF
|
+$5.8M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Short-Term Treasury ETF
VGSH
|
+$26.6M |
| 2 |
Howard Hughes
HHH
|
+$18.5M |
| 3 |
Texas Pacific Land
TPL
|
+$14M |
| 4 |
Liberty Broadband Class C
LBRDK
|
+$12.3M |
| 5 |
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
|
+$12.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 38.17% |
| 2 | Miscellaneous | 14.25% |
| 3 | Communication Services | 13.24% |
| 4 | Financials | 11.44% |
| 5 | Real Estate | 6.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Texas Pacific Land
TPL
$25.5B
| $979M | 31.97% |
16,270,020
-194,688
| -1% | -$14M |
2013 Q2
22 quarters
|
|
|
2
Howard Hughes
HHH
$4.33B
| $184M | 6.01% |
1,978,268
-178,264
| -8% | -$18.5M |
2013 Q2
22 quarters
|
|
3
Icahn Enterprises
IEP
$4.77B
| $117M | 3.81% |
2,044,113
-111,022
| -5% | -$7.37M |
2013 Q2
22 quarters
|
|
|
4
Vanguard Short-Term Treasury ETF
VGSH
$35.1B
| $115M | 3.76% |
1,914,559
-444,825
| -19% | -$26.6M |
2017 Q3
5 quarters
|
|
|
5
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $97.9M | 3.2% |
3,477,326
-401,801
| -10% | -$12.2M |
2016 Q2
10 quarters
|
|
6
Cboe Global Markets
CBOE
$30.5B
| $62.5M | 2.04% |
638,784
-61,970
| -9% | -$6.45M |
2013 Q2
22 quarters
|
|
7
Brookfield
BN
$81.9B
| $59.5M | 1.94% |
4,347,465
-266,181
| -6% | -$3.97M |
2013 Q2
22 quarters
|
|
8
Wheaton Precious Metals
WPM
$61.8B
| $58.7M | 1.92% |
3,006,426
+25,637
| +0.9% | +$437K |
2014 Q3
17 quarters
|
|
9
DELISTED
Associated Capital Group
AC
| $53.6M | 1.75% |
1,530,033
+37,487
| +3% | +$1.5M |
2015 Q4
12 quarters
|
|
10
Wendy's
WEN
$1.21B
| $53.6M | 1.75% |
3,435,188
-438,303
| -11% | -$7.47M |
2013 Q2
22 quarters
|
|
11
Franco-Nevada
FNV
$47B
| $53.3M | 1.74% |
758,875
+73,762
| +11% | +$4.93M |
2013 Q2
22 quarters
|
|
12
Civeo
CVEO
$325M
| $52.8M | 1.73% |
3,078,926
-399,288
| -11% | -$11.8M |
2017 Q1
7 quarters
|
|
13
Live Nation Entertainment
LYV
$39.9B
| $51.7M | 1.69% |
1,048,932
-22,962
| -2% | -$1.21M |
2013 Q2
22 quarters
|
|
|
14
DELISTED
Liberty Broadband Class C
LBRDK
| $44.3M | 1.45% |
614,998
-153,958
| -20% | -$12.3M |
2014 Q4
16 quarters
|
|
|
15
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $44.1M | 1.44% |
1,658,679
-119,403
| -7% | -$3.44M |
2016 Q2
10 quarters
|
|
16
CME Group
CME
$100B
| $42.5M | 1.39% |
226,031
+2,744
| +1% | +$507K |
2013 Q2
22 quarters
|
|
|
17
CACI
CACI
$13.5B
| $37M | 1.21% |
256,646
+78,725
| +44% | +$13.4M |
2013 Q2
22 quarters
|
|
18
Berkshire Hathaway Class B
BRK.B
$1.11T
| $27.7M | 0.91% |
135,761
-7,318
| -5% | -$1.53M |
2013 Q2
22 quarters
|
|
19
Royal Gold
RGLD
$19.8B
| $22.2M | 0.72% |
258,757
-20,282
| -7% | -$1.56M |
2014 Q3
17 quarters
|
|
20
Markel Group
MKL
$22.2B
| $20.9M | 0.68% |
20,138
-546
| -3% | -$597K |
2013 Q2
22 quarters
|
|
21
Royce Micro-Cap Trust
RMT
$713M
| $20.4M | 0.67% |
2,745,981
+262,634
| +11% | +$2.25M |
2016 Q1
11 quarters
|
|
22
AMC Global Media
AMCX
$448M
| $20.1M | 0.66% |
366,656
-36,749
| -9% | -$2.15M |
2013 Q2
22 quarters
|
|
23
Madison Square Garden
MSGS
$9.73B
| $18.2M | 0.6% |
95,494
-5,111
| -5% | -$994K |
2013 Q2
22 quarters
|
|
|
LGF.B
24
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $17.4M | 0.57% |
1,166,487
-336,129
| -22% | -$6.06M |
2016 Q4
8 quarters
|
|
|
25
Cheniere Energy
LNG
$59.3B
| $14.9M | 0.49% |
252,073
+245,254
| +3,597% | +$15.1M |
2015 Q3
13 quarters
|
|
Similar funds
SA
AC
OA
TGA
PWM
APFBOT
RCM
CFIC
Horizon Kinetics's Q4 2018 Portfolio in Review
As of Q4 2018, Horizon Kinetics held 517 positions worth $3.06B, down 25% from $4.11B the previous quarter. Its ten largest holdings account for 59% of the portfolio.
Horizon Kinetics withdrew a net $179M in Q4 2018, closing 44 positions and reducing 256 holdings. Its most notable exit was Copart, an estimated $3.71M position sold in full.
By sector, the portfolio is most concentrated in Energy at 38% of assets, down from 44% a quarter earlier, followed by Miscellaneous and Communication Services.
Against the trend, Horizon Kinetics opened a new position in Vanguard Extended Market ETF worth $5.28M.
- Horizon Kinetics's largest Q4 2018 buy was Vanguard Extended Market ETF: 52,921 shares worth $5.28M.
- Horizon Kinetics added most to Cheniere Energy in Q4 2018, an estimated $15.1M increase.
- Horizon Kinetics's biggest Q4 2018 reduction was Vanguard Short-Term Treasury ETF, cutting an estimated $26.6M.
- Horizon Kinetics fully exited Copart in Q4 2018, selling an estimated $3.71M.
- Horizon Kinetics's ten largest holdings make up 59% of its $3.06B portfolio in Q4 2018.
- Horizon Kinetics opened 14 new positions and closed 44 in Q4 2018.
- Horizon Kinetics's portfolio value fell 25% quarter-over-quarter to $3.06B.
Based on Horizon Kinetics's 13F filing for Q4 2018, filed 14 Feb 2019.