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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
-1.05%
1 Year Est. Return
+27.52%
3 Year Est. Return
+184.83%
5 Year Est. Return
+256.84%
10 Year Est. Return
–
AUM
$8.43B
AUM Growth
-$382M
Cap. Flow
+$187M
Cap. Flow %
2.22%
Top 10 Hldgs %
77.21%
Holding
363
New
17
Increased
101
Reduced
145
Closed
11

Top Buys

Rank Stock Value
1
LNG icon
Cheniere Energy
LNG
+$112M
2
HE icon
Hawaiian Electric Industries
HE
+$37.8M
3
GLXY
Galaxy Digital Inc
GLXY
+$27.7M
4
PBT
Permian Basin Royalty Trust
PBT
+$18.1M
5
ARIS
Aris Water Solutions
ARIS
+$15.6M

Top Sells

Rank Stock Value
1
TPL icon
Texas Pacific Land
TPL
+$21.5M
2
CACI icon
CACI
CACI
+$12.4M
3
GBTC icon
Grayscale Bitcoin Trust
GBTC
+$11.3M
4
MSTR icon
Strategy Inc
MSTR
+$5.83M
5
AN icon
AutoNation
AN
+$3.38M

Sector Composition

Rank Sector Weight
1 Energy 54.42%
2 Materials 7.69%
3 Financials 7.42%
4 Utilities 2.67%
5 Consumer Discretionary 2.58%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
OXY icon
276
Occidental Petroleum
OXY
$55.9B
$342K ﹤0.01%
8,131
+69
+0.9% +$2.88K
PWR icon
277
Quanta Services
PWR
$101B
$340K ﹤0.01%
900
– –
EFR
278
Eaton Vance Senior Floating-Rate Fund
EFR
$317M
$337K ﹤0.01%
27,801
– –
CNP icon
279
CenterPoint Energy
CNP
$26.8B
$336K ﹤0.01%
9,133
– –
CTAS icon
280
Cintas
CTAS
$81.3B
$333K ﹤0.01%
+1,493
New +$321K
AFL icon
281
Aflac
AFL
$62.6B
$316K ﹤0.01%
3,000
– –
NVG icon
282
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.7B
$313K ﹤0.01%
26,276
– –
VZ icon
283
Verizon
VZ
$196B
$303K ﹤0.01%
6,993
+20
+0.3% +$866
CL icon
284
Colgate-Palmolive
CL
$74.4B
$282K ﹤0.01%
3,102
– –
KRBN icon
285
KraneShares Global Carbon Strategy ETF
KRBN
$143M
$282K ﹤0.01%
9,486
-4,039
-30% -$116K
NVIR
286
Horizon Kinetics Energy and Remediation ETF
NVIR
$5.86M
$280K ﹤0.01%
9,181
+282
+3% +$8.2K
CNS icon
287
Cohen & Steers
CNS
$4.3B
$274K ﹤0.01%
3,641
-148
-4% -$11.4K
GPC icon
288
Genuine Parts
GPC
$18.7B
$273K ﹤0.01%
2,250
– –
PCM
289
PCM Fund
PCM
$70.1M
$255K ﹤0.01%
40,252
– –
AWK icon
290
American Water Works
AWK
$26.9B
$255K ﹤0.01%
1,830
+96
+6% +$13.8K
MOV icon
291
Movado Group
MOV
$841M
$253K ﹤0.01%
16,573
-1,600
-9% -$24.5K
LLYVA icon
292
Liberty Live Group Series A
LLYVA
$9.09B
$252K ﹤0.01%
3,174
-20
-0.6% -$1.45K
COIN icon
293
Coinbase
COIN
$40.5B
$251K ﹤0.01%
+715
New +$167K
BGT icon
294
BlackRock Floating Rate Income Trust
BGT
$325M
$248K ﹤0.01%
19,778
– –
UVXY icon
295
CALL
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$228M
$238K ﹤0.01%
500
+20
+4% +$2.65K
LOW icon
296
Lowe's Companies
LOW
$125B
$237K ﹤0.01%
+1,068
New +$238K
RA
297
Brookfield Real Assets Income Fund
RA
$708M
$235K ﹤0.01%
17,614
– –
GEHC icon
298
GE HealthCare
GEHC
$32.4B
$228K ﹤0.01%
3,076
-188
-6% -$13.1K
JPC icon
299
Nuveen Preferred & Income Opportunities Fund
JPC
$2.9B
$227K ﹤0.01%
28,250
– –
ENX
300
DELISTED
Eaton Vance New York Municipal Bond Fund
ENX
$226K ﹤0.01%
24,358
– –
10 11
12
13 14

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Horizon Kinetics Asset Management's Q2 2025 Portfolio in Review

As of Q2 2025, Horizon Kinetics Asset Management held 363 positions worth $8.43B, down 4.3% from $8.81B the previous quarter. Its ten largest holdings account for 77% of the portfolio.

Horizon Kinetics Asset Management's Q2 2025 filing shows 17 new, 101 increased, 145 reduced and 11 closed positions. Its largest new stake was Cheniere Energy: 484,912 shares worth $118M. The largest sale was Texas Pacific Land, an estimated $21.5M.

By sector, the portfolio is most concentrated in Energy at 54% of assets, down from 63% a quarter earlier, followed by Materials and Financials.

  • Horizon Kinetics Asset Management's largest Q2 2025 buy was Cheniere Energy: 484,912 shares worth $118M.
  • Horizon Kinetics Asset Management added most to Hawaiian Electric Industries in Q2 2025, an estimated $37.8M increase.
  • Horizon Kinetics Asset Management's biggest Q2 2025 reduction was Texas Pacific Land, cutting an estimated $21.5M.
  • Horizon Kinetics Asset Management fully exited iShares Russell 2000 ETF in Q2 2025, selling an estimated $590K.
  • Horizon Kinetics Asset Management's ten largest holdings make up 77% of its $8.43B portfolio in Q2 2025.
  • Horizon Kinetics Asset Management opened 17 new positions and closed 11 in Q2 2025.
  • Horizon Kinetics Asset Management's portfolio value fell 4.3% quarter-over-quarter to $8.43B.

Based on Horizon Kinetics Asset Management's 13F filing for Q2 2025, filed 12 Aug 2025.