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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
EQT icon
326
EQT Corp
EQT
$32.3B
– –
-5,206
Closed -$211K
FANG icon
327
Diamondback Energy
FANG
$52.7B
– –
-1,302
Closed -$202K
GILD icon
328
Gilead Sciences
GILD
$165B
– –
-9,000
Closed -$674K
GIS icon
329
General Mills
GIS
$19.7B
– –
-3,300
Closed -$211K
PPLI
330
People Inc
PPLI
$3.1B
– –
-10,771
Closed -$445K
KMB icon
331
Kimberly-Clark
KMB
$36.5B
– –
-3,100
Closed -$375K
OGN icon
332
Organon & Co
OGN
$3.57B
– –
-22,342
Closed -$388K
ECHO
333
EchoStar
ECHO
$26.2B
– –
-89,996
Closed -$1.51M
SNY icon
334
Sanofi
SNY
$104B
– –
-13,000
Closed -$697K
WBD icon
335
Warner Bros
WBD
$67.1B
– –
-160,036
Closed -$1.74M
BCPC
336
Balchem Corp
BCPC
$5.72B
– –
-5,393
Closed -$669K
EQC
337
DELISTED
Equity Commonwealth
EQC
– –
-11,800
Closed -$217K
JPS
338
DELISTED
Nuveen Preferred & Income Securities Fund
JPS
– –
-16,601
Closed -$102K
POL.WS
339
DELISTED
Polished.com Inc. Warrants to Purchase Common Stock
POL.WS
– –
-37,752
Closed -$113
NBO
340
DELISTED
Neuberger Berman New York Municipal Fund Inc.
NBO
– –
-16,232
Closed -$142K
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.