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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
+12.14%
1 Year Est. Return
+27.52%
3 Year Est. Return
+184.83%
5 Year Est. Return
+256.84%
10 Year Est. Return
–
AUM
$8.81B
AUM Growth
+$782M
Cap. Flow
-$7.67M
Cap. Flow %
-0.09%
Top 10 Hldgs %
80.59%
Holding
356
New
7
Increased
90
Reduced
124
Closed
9

Top Buys

Rank Stock Value
1
HE icon
Hawaiian Electric Industries
HE
+$104M
2
ARIS
Aris Water Solutions
ARIS
+$35M
3
VUSB icon
Vanguard Ultra-Short Bond ETF
VUSB
+$11.2M
4
LB
LandBridge Co
LB
+$6.2M
5
FNV icon
Franco-Nevada
FNV
+$4.02M

Top Sells

Rank Stock Value
1
CACI icon
CACI
CACI
+$65M
2
SAIC icon
Saic
SAIC
+$38.3M
3
GBTC icon
Grayscale Bitcoin Trust
GBTC
+$34.8M
4
TPL icon
Texas Pacific Land
TPL
+$15.4M
5
DBRG icon
DigitalBridge
DBRG
+$10.9M

Sector Composition

Rank Sector Weight
1 Energy 62.8%
2 Materials 6.67%
3 Financials 6.43%
4 Consumer Discretionary 2.29%
5 Utilities 2.14%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
M icon
251
Macy's
M
$6.74B
$396K ﹤0.01%
31,500
+1,000
+3% +$14.5K
KRBN icon
252
KraneShares Global Carbon Strategy ETF
KRBN
$131M
$382K ﹤0.01%
13,525
-11,485
-46% -$335K
IONS icon
253
Ionis Pharmaceuticals
IONS
$9.44B
$376K ﹤0.01%
12,476
– –
FMN
254
Federated Hermes Premier Municipal Income Fund
FMN
$87.6M
$373K ﹤0.01%
34,360
-720
-2% -$7.96K
CRSP icon
255
CRISPR Therapeutics
CRSP
$5.27B
$364K ﹤0.01%
10,682
– –
DORM icon
256
Dorman Products
DORM
$4.12B
$362K ﹤0.01%
3,000
– –
VTI icon
257
Vanguard Morningstar Total Stock Market ETF
VTI
$692B
$358K ﹤0.01%
1,302
-50
-4% -$14.5K
AWR icon
258
American States Water
AWR
$3.42B
$352K ﹤0.01%
4,468
– –
AMG icon
259
Affiliated Managers Group
AMG
$9.77B
$350K ﹤0.01%
2,085
+311
+18% +$54.2K
AMT icon
260
American Tower
AMT
$79.2B
$348K ﹤0.01%
1,600
– –
META icon
261
Meta Platforms (Facebook)
META
$1.54T
$345K ﹤0.01%
598
+15
+3% +$9.68K
T icon
262
AT&T
T
$162B
$342K ﹤0.01%
12,092
+1,692
+16% +$42.5K
PEP icon
263
PepsiCo
PEP
$188B
$341K ﹤0.01%
2,273
-40
-2% -$5.95K
EFR
264
Eaton Vance Senior Floating-Rate Fund
EFR
$318M
$341K ﹤0.01%
27,801
– –
TFPM icon
265
Triple Flag Precious Metals
TFPM
$6.63B
$336K ﹤0.01%
17,548
+4,556
+35% +$77.8K
AFL icon
266
Aflac
AFL
$62B
$334K ﹤0.01%
3,000
– –
CNP icon
267
CenterPoint Energy
CNP
$26.4B
$331K ﹤0.01%
9,133
-500
-5% -$16.8K
NVG icon
268
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.69B
$325K ﹤0.01%
26,276
-280
-1% -$3.51K
MKTX icon
269
MarketAxess Holdings
MKTX
$5.72B
$323K ﹤0.01%
1,494
– –
VZ icon
270
Verizon
VZ
$192B
$316K ﹤0.01%
6,973
+1,145
+20% +$47.7K
CNS icon
271
Cohen & Steers
CNS
$4.23B
$304K ﹤0.01%
3,789
-317
-8% -$27K
MOV icon
272
Movado Group
MOV
$831M
$304K ﹤0.01%
18,173
-88
-0.5% -$1.67K
CL icon
273
Colgate-Palmolive
CL
$73.9B
$291K ﹤0.01%
3,102
– –
NFLX icon
274
Netflix
NFLX
$311B
$290K ﹤0.01%
3,110
-750
-19% -$71.3K
PBH icon
275
Prestige Consumer Healthcare
PBH
$2.53B
$279K ﹤0.01%
3,247
– –
9 10
11
12 13

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LCAM
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IAA
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SFM
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WPL
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PVI
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NPT
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Horizon Kinetics Asset Management's Q1 2025 Portfolio in Review

As of Q1 2025, Horizon Kinetics Asset Management held 356 positions worth $8.81B, up 9.7% from $8.03B the previous quarter. Its ten largest holdings account for 81% of the portfolio.

Trading was light in Q1 2025: portfolio turnover was 4.5%. Horizon Kinetics Asset Management opened 7 new positions and exited 9, leaving the 356-position portfolio largely intact.

By sector, the portfolio is most concentrated in Energy at 63% of assets, up from 59% a quarter earlier, followed by Materials and Financials.

  • Horizon Kinetics Asset Management's largest Q1 2025 buy was EQT Corp: 38,404 shares worth $2.05M.
  • Horizon Kinetics Asset Management added most to Hawaiian Electric Industries in Q1 2025, an estimated $104M increase.
  • Horizon Kinetics Asset Management's biggest Q1 2025 reduction was CACI, cutting an estimated $65M.
  • Horizon Kinetics Asset Management fully exited Marex Group Limited Ordinary Shares in Q1 2025, selling an estimated $4.41M.
  • Horizon Kinetics Asset Management's ten largest holdings make up 81% of its $8.81B portfolio in Q1 2025.
  • Horizon Kinetics Asset Management opened 7 new positions and closed 9 in Q1 2025.
  • Horizon Kinetics Asset Management's portfolio value rose 9.7% quarter-over-quarter to $8.81B.

Based on Horizon Kinetics Asset Management's 13F filing for Q1 2025, filed 15 May 2025.