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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
+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
DUST icon
276
CALL
Direxion Daily Gold Miners Index Bear 2X ETF
DUST
$51M
$273K ﹤0.01%
390
+40
+11% +$19.4K
NVIR
277
Horizon Kinetics Energy and Remediation ETF
NVIR
$4.88M
$271K ﹤0.01%
8,899
+88
+1% +$2.69K
GPC icon
278
Genuine Parts
GPC
$18.5B
$268K ﹤0.01%
2,250
-110
-5% -$13.2K
CQP icon
279
Cheniere Energy
CQP
$31.7B
$264K ﹤0.01%
4,000
– –
GEHC icon
280
GE HealthCare
GEHC
$32.9B
$263K ﹤0.01%
3,264
-17
-0.5% -$1.46K
BWXT icon
281
BWX Technologies
BWXT
$15.6B
$263K ﹤0.01%
2,665
-25
-0.9% -$2.71K
PCM
282
PCM Fund
PCM
$70.4M
$260K ﹤0.01%
40,252
– –
AWK icon
283
American Water Works
AWK
$26.5B
$256K ﹤0.01%
1,734
– –
ETN icon
284
Eaton
ETN
$174B
$251K ﹤0.01%
925
-50
-5% -$15.6K
URI icon
285
United Rentals
URI
$71.6B
$251K ﹤0.01%
+400
New +$275K
BGT icon
286
BlackRock Floating Rate Income Trust
BGT
$327M
$246K ﹤0.01%
19,778
– –
EXE
287
Expand Energy Corp
EXE
$22B
$245K ﹤0.01%
2,203
– –
ADP icon
288
Automatic Data Processing
ADP
$108B
$244K ﹤0.01%
800
– –
IFF icon
289
International Flavors & Fragrances
IFF
$21.5B
$237K ﹤0.01%
3,050
– –
RA
290
Brookfield Real Assets Income Fund
RA
$705M
$232K ﹤0.01%
17,614
– –
ENX
291
DELISTED
Eaton Vance New York Municipal Bond Fund
ENX
$231K ﹤0.01%
24,358
– –
PWR icon
292
Quanta Services
PWR
$100B
$229K ﹤0.01%
900
– –
JPC icon
293
Nuveen Preferred & Income Opportunities Fund
JPC
$2.92B
$225K ﹤0.01%
28,250
-288
-1% -$2.3K
EIM
294
Eaton Vance Municipal Bond Fund
EIM
$498M
$224K ﹤0.01%
22,431
– –
LLYVA icon
295
Liberty Live Group Series A
LLYVA
$9.15B
$215K ﹤0.01%
3,194
-1,465
-31% -$102K
IQI icon
296
Invesco Quality Municipal Securities
IQI
$531M
$214K ﹤0.01%
22,115
– –
AMZN icon
297
Amazon
AMZN
$3.01T
$214K ﹤0.01%
1,125
+1
+0.1% +$217
B
298
Barrick Mining
B
$68B
$206K ﹤0.01%
+10,600
New +$186K
JDST icon
299
CALL
Direxion Daily Junior Gold Miners Index Bear 2X ETF
JDST
$20M
$205K ﹤0.01%
330
+25
+8% +$11K
NEE icon
300
NextEra Energy
NEE
$176B
$203K ﹤0.01%
2,860
– –
10 11
12
13 14

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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.