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HKAM
Horizon Kinetics Asset Management Portfolio holdings
AUM
$9.23B
1-Year Est. Return
27.52%
This Fund
S&P 500
This Quarter
Est. Return
-2.61%
1 Year Est. Return
+27.52%
3 Year Est. Return
+184.83%
5 Year Est. Return
+256.84%
10 Year Est. Return
–
AUM
$4.78B
AUM Growth
-$274M
(-5.4%)
Cap. Flow
-$283M
Cap. Flow
% of AUM
-5.93%
Top 10 Holdings %
Top 10 Hldgs %
71.54%
Holding
347
New
16
Increased
48
Reduced
178
Closed
22
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Eagle Materials
EXP
|
+$3.54M |
| 2 |
Horizon Kinetics Blockchain Development ETF
BCDF
|
+$1.67M |
| 3 |
BNRE.A
Brookfield Reinsurance Ltd. Class A-1 Exchangeable Non-Voting Shares
BNRE.A
|
+$723K |
| 4 |
Vanguard Extended Market ETF
VXF
|
+$675K |
| 5 |
Vanguard Ultra-Short Bond ETF
VUSB
|
+$659K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Texas Pacific Land
TPL
|
+$71.3M |
| 2 |
CBRE Group
CBRE
|
+$20.5M |
| 3 |
Wheaton Precious Metals
WPM
|
+$10.8M |
| 4 |
Intercontinental Exchange
ICE
|
+$10.4M |
| 5 |
Viper Energy
VNOM
|
+$10.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 50.01% |
| 2 | Financials | 8.8% |
| 3 | Materials | 8.65% |
| 4 | Consumer Discretionary | 4.73% |
| 5 | Technology | 4.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
The Greenbrier Companies
GBX
$1.46B
| $398K | 0.01% |
9,000
-1,000
| -10% | -$39.1K |
|
227
SLB Ltd
SLB
$75B
| $391K | 0.01% |
7,515
-946
| -11% | -$51.4K |
|
228
Nuveen Municipal Credit Income Fund
NZF
$2.45B
| $390K | 0.01% |
32,984
-1,300
| -4% | -$14.3K |
|
229
PepsiCo
PEP
$190B
| $390K | 0.01% |
2,295
+291
| +15% | +$48.3K |
|
|
FMN
230
Federated Hermes Premier Municipal Income Fund
FMN
$87.5M
| $387K | 0.01% |
35,189
| – | – |
|
231
Invesco Value Municipal Income Trust
IIM
$598M
| $384K | 0.01% |
32,702
| – | – |
|
232
Dow Inc
DOW
$21.2B
| $383K | 0.01% |
+6,987
| New | +$357K |
|
233
Liberty Live Group Series A
LLYVA
$9.09B
| $380K | 0.01% |
10,393
-31,671
| -75% | -$1.05M |
|
234
CALL
Direxion Daily Gold Miners Index Bear 2X ETF
DUST
$50.7M
| $370K | 0.01% |
148
-4
| -3% | -$4.9K |
|
235
Capital Southwest
CSWC
$1.6B
| $370K | 0.01% |
15,600
-800
| -5% | -$17.8K |
|
236
American States Water
AWR
$3.46B
| $359K | 0.01% |
4,468
-253
| -5% | -$20.2K |
|
237
Union Pacific
UNP
$174B
| $358K | 0.01% |
1,459
-900
| -38% | -$198K |
|
238
iShares Gold Trust
IAU
$64.4B
| $343K | 0.01% |
8,790
| – | – |
|
239
BP
BP
$107B
| $337K | 0.01% |
9,519
-140
| -1% | -$5.13K |
|
240
Coca-Cola
KO
$375B
| $332K | 0.01% |
+5,640
| New | +$320K |
|
|
MVF
241
DELISTED
BlackRock MuniVest Fund
MVF
| $331K | 0.01% |
46,440
| – | – |
|
242
Editas Medicine
EDIT
$442M
| $321K | 0.01% |
31,720
-1,330
| -4% | -$11.7K |
|
|
MQT
243
DELISTED
BlackRock MuniYield Quality Fund II
MQT
| $321K | 0.01% |
31,008
| – | – |
|
244
Genuine Parts
GPC
$18.7B
| $319K | 0.01% |
2,300
| – | – |
|
245
Cohen & Steers
CNS
$4.3B
| $315K | 0.01% |
4,157
-23
| -0.6% | -$1.38K |
|
246
Triple Flag Precious Metals
TFPM
$6.72B
| $314K | 0.01% |
23,624
-6,799
| -22% | -$89K |
|
247
Vail Resorts
MTN
$5.3B
| $311K | 0.01% |
1,457
| – | – |
|
248
American Tower
AMT
$80.4B
| $302K | 0.01% |
1,400
-25
| -2% | -$4.72K |
|
249
The Mosaic Company
MOS
$7.33B
| $297K | 0.01% |
+8,300
| New | +$293K |
|
250
Kraft Heinz
KHC
$30B
| $293K | 0.01% |
7,911
-297
| -4% | -$10.1K |
|
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Horizon Kinetics Asset Management's Q4 2023 Portfolio in Review
As of Q4 2023, Horizon Kinetics Asset Management held 347 positions worth $4.78B, down 5.4% from $5.05B the previous quarter. Its ten largest holdings account for 72% of the portfolio.
Horizon Kinetics Asset Management withdrew a net $283M in Q4 2023, closing 22 positions and reducing 178 holdings. Its most notable exit was CBRE Group, an estimated $20.5M position sold in full.
By sector, the portfolio is most concentrated in Energy at 50% of assets, down from 57% a quarter earlier, followed by Financials and Materials.
Against the trend, Horizon Kinetics Asset Management opened a new position in Eagle Materials worth $4.08M.
- Horizon Kinetics Asset Management's largest Q4 2023 buy was Eagle Materials: 20,126 shares worth $4.08M.
- Horizon Kinetics Asset Management added most to Vanguard Extended Market ETF in Q4 2023, an estimated $675K increase.
- Horizon Kinetics Asset Management's biggest Q4 2023 reduction was Texas Pacific Land, cutting an estimated $71.3M.
- Horizon Kinetics Asset Management fully exited CBRE Group in Q4 2023, selling an estimated $20.5M.
- Horizon Kinetics Asset Management's ten largest holdings make up 72% of its $4.78B portfolio in Q4 2023.
- Horizon Kinetics Asset Management opened 16 new positions and closed 22 in Q4 2023.
- Horizon Kinetics Asset Management's portfolio value fell 5.4% quarter-over-quarter to $4.78B.
Based on Horizon Kinetics Asset Management's 13F filing for Q4 2023, filed 15 Feb 2024.