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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
Cap. Flow
-$283M
Cap. Flow %
-5.93%
Top 10 Hldgs %
71.54%
Holding
347
New
16
Increased
48
Reduced
178
Closed
22

Top Buys

Rank Stock Value
1
EXP icon
Eagle Materials
EXP
+$3.54M
2
BCDF icon
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
VXF icon
Vanguard Extended Market ETF
VXF
+$675K
5
VUSB icon
Vanguard Ultra-Short Bond ETF
VUSB
+$659K

Top Sells

Rank Stock Value
1
TPL icon
Texas Pacific Land
TPL
+$71.3M
2
CBRE icon
CBRE Group
CBRE
+$20.5M
3
WPM icon
Wheaton Precious Metals
WPM
+$10.8M
4
ICE icon
Intercontinental Exchange
ICE
+$10.4M
5
VNOM icon
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
IQI icon
276
Invesco Quality Municipal Securities
IQI
$534M
$213K ﹤0.01%
22,402
– –
MKTX icon
277
MarketAxess Holdings
MKTX
$5.72B
$212K ﹤0.01%
+725
New +$175K
LBRDA icon
278
Liberty Broadband Class A
LBRDA
$5.16B
$208K ﹤0.01%
2,581
+42
+2% +$3.52K
RA
279
Brookfield Real Assets Income Fund
RA
$708M
$207K ﹤0.01%
16,158
– –
META icon
280
Meta Platforms (Facebook)
META
$1.51T
$206K ﹤0.01%
+583
New +$190K
PCM
281
PCM Fund
PCM
$70.1M
$195K ﹤0.01%
24,532
– –
NIM icon
282
Nuveen Select Maturities Municipal Fund
NIM
$117M
$190K ﹤0.01%
21,500
– –
ASTL icon
283
Algoma Steel
ASTL
$431M
$189K ﹤0.01%
18,807
+105
+0.6% +$812
EIM
284
Eaton Vance Municipal Bond Fund
EIM
$499M
$179K ﹤0.01%
17,692
– –
SAN icon
285
Banco Santander
SAN
$210B
$171K ﹤0.01%
41,410
-1,000
-2% -$3.91K
NVG icon
286
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.7B
$170K ﹤0.01%
14,376
-1,358
-9% -$14.8K
LXU icon
287
LSB Industries
LXU
$693M
$164K ﹤0.01%
17,600
– –
SSP icon
288
E.W. Scripps
SSP
$304M
$160K ﹤0.01%
20,000
– –
BGT icon
289
BlackRock Floating Rate Income Trust
BGT
$325M
$157K ﹤0.01%
12,678
– –
EVF
290
Eaton Vance Senior Income Trust
EVF
$90.5M
$137K ﹤0.01%
21,730
– –
PML
291
PIMCO Municipal Income Fund II
PML
$493M
$125K ﹤0.01%
15,050
– –
RLMD icon
292
Relmada Therapeutics
RLMD
$527M
$124K ﹤0.01%
+30,000
New +$88.8K
LILAK icon
293
Liberty Latin America Class C
LILAK
$1.64B
$124K ﹤0.01%
18,576
+88
+0.5% +$570
LTRN icon
294
Lantern Pharma
LTRN
$36.5M
$123K ﹤0.01%
28,791
-1,209
-4% -$4.26K
REPL icon
295
Replimune Group
REPL
$1.01B
$121K ﹤0.01%
14,396
-604
-4% -$7K
KYN icon
296
Kayne Anderson Energy Infrastructure Fund
KYN
$2.4B
$119K ﹤0.01%
13,582
+1,018
+8% +$8.51K
EVV
297
Eaton Vance Limited Duration Income Fund
EVV
$1.07B
$119K ﹤0.01%
12,417
-39
-0.3% -$355
APLD icon
298
Applied Digital
APLD
$8.41B
$116K ﹤0.01%
+17,284
New +$93K
HLN icon
299
Haleon
HLN
$44.2B
$116K ﹤0.01%
14,082
-591
-4% -$4.87K
JPC icon
300
Nuveen Preferred & Income Opportunities Fund
JPC
$2.9B
$113K ﹤0.01%
+16,714
New +$106K
10 11
12
13 14

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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.