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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
-4.58%
1 Year Est. Return
+27.52%
3 Year Est. Return
+184.83%
5 Year Est. Return
+256.84%
10 Year Est. Return
–
AUM
$3.32B
AUM Growth
-$298M
Cap. Flow
-$104M
Cap. Flow %
-3.14%
Top 10 Hldgs %
62.32%
Holding
498
New
5
Increased
93
Reduced
267
Closed
14

Top Buys

Rank Stock Value
1
ELS icon
Equity Lifestyle Properties
ELS
+$16.4M
2
WPM icon
Wheaton Precious Metals
WPM
+$16M
3
CACI icon
CACI
CACI
+$13.9M
4
FNV icon
Franco-Nevada
FNV
+$8.98M
5
BGC icon
BGC Group
BGC
+$3.84M

Top Sells

Rank Stock Value
1
GE icon
GE Aerospace
GE
+$21.5M
2
HHH icon
Howard Hughes
HHH
+$13.3M
3
IEP icon
Icahn Enterprises
IEP
+$12M
4
OAK
OAKTREE CAPITAL GROUP, LLC
OAK
+$11.3M
5
LBRDK icon
Liberty Broadband Class C
LBRDK
+$5.68M

Sector Composition

Rank Sector Weight
1 Energy 41.24%
2 Financials 11.69%
3 Communication Services 7.98%
4 Materials 7.75%
5 Real Estate 6.91%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AEO icon
376
American Eagle Outfitters
AEO
$3.01B
$304K 0.01%
18,719
+720
+4% +$12K
H icon
377
Hyatt Hotels
H
$16.7B
$304K 0.01%
4,130
-48
-1% -$3.63K
MTB icon
378
M&T Bank
MTB
$36.2B
$304K 0.01%
1,925
-840
-30% -$132K
SRG
379
Seritage Growth Properties
SRG
$136M
$304K 0.01%
7,158
-174
-2% -$7.15K
XPO icon
380
XPO
XPO
$23.7B
$304K 0.01%
12,286
-3,767
-23% -$87.1K
NAV
381
DELISTED
Navistar International
NAV
$304K 0.01%
10,814
+1,527
+16% +$43.4K
CSX icon
382
CSX Corp
CSX
$93.1B
$303K 0.01%
13,125
-120
-0.9% -$2.79K
RL icon
383
Ralph Lauren
RL
$23.6B
$303K 0.01%
3,176
+373
+13% +$36.9K
SCHW
384
Charles Schwab
SCHW
$187B
$303K 0.01%
7,234
-536
-7% -$21.6K
GAP
385
The Gap Inc
GAP
$7.37B
$303K 0.01%
17,437
-197
-1% -$3.5K
FOXA icon
386
Fox Class A
FOXA
$26.9B
$302K 0.01%
9,582
+808
+9% +$28K
HTH icon
387
Hilltop Holdings
HTH
$2.24B
$302K 0.01%
12,655
-2,971
-19% -$68.1K
TTEC icon
388
TTEC Holdings
TTEC
$124M
$302K 0.01%
6,312
-707
-10% -$33.1K
AL
389
DELISTED
Air Lease Corp
AL
$301K 0.01%
7,195
-778
-10% -$32K
MMI icon
390
Marcus & Millichap
MMI
$1.19B
$300K 0.01%
8,460
-1,777
-17% -$60.6K
RJF icon
391
Raymond James Financial
RJF
$34B
$300K 0.01%
5,463
-275
-5% -$14.9K
UA icon
392
Under Armour Class C
UA
$2.53B
$300K 0.01%
16,570
+3,339
+25% +$65.8K
CHH icon
393
Choice Hotels
CHH
$4.8B
$299K 0.01%
3,363
-333
-9% -$29.7K
MAR icon
394
Marriott International
MAR
$92.3B
$299K 0.01%
2,403
+51
+2% +$6.77K
MZTI
395
The Marzetti Company
MZTI
$3.11B
$297K 0.01%
2,140
+2
+0.1% +$298
MAV
396
DELISTED
Pioneer Municipal High Income Advantage Fund
MAV
$297K 0.01%
27,119
-322
-1% -$3.51K
RYAM icon
397
Rayonier Advanced Materials
RYAM
$610M
$296K 0.01%
68,452
+2,600
+4% +$11.1K
NGHC
398
DELISTED
National General Holdings Corp
NGHC
$295K 0.01%
12,825
-360
-3% -$8.47K
PEGA icon
399
Pegasystems
PEGA
$5.38B
$294K 0.01%
8,652
-104
-1% -$3.76K
AQB icon
400
AquaBounty Technologies
AQB
$6.02M
$293K 0.01%
5,866
-1,790
-23% -$111K
14 15
16
17 18

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Horizon Kinetics Asset Management's Q3 2019 Portfolio in Review

As of Q3 2019, Horizon Kinetics Asset Management held 498 positions worth $3.32B, down 8.2% from $3.62B the previous quarter. Its ten largest holdings account for 62% of the portfolio.

Horizon Kinetics Asset Management withdrew a net $104M in Q3 2019, closing 14 positions and reducing 267 holdings. Its most notable exit was OAKTREE CAPITAL GROUP, LLC, an estimated $11.3M position sold in full.

By sector, the portfolio is most concentrated in Energy at 41% of assets, down from 46% a quarter earlier, followed by Financials and Communication Services.

Against the trend, Horizon Kinetics Asset Management opened a new position in StoneCo worth $535K.

  • Horizon Kinetics Asset Management's largest Q3 2019 buy was StoneCo: 15,391 shares worth $535K.
  • Horizon Kinetics Asset Management added most to Equity Lifestyle Properties in Q3 2019, an estimated $16.4M increase.
  • Horizon Kinetics Asset Management's biggest Q3 2019 reduction was GE Aerospace, cutting an estimated $21.5M.
  • Horizon Kinetics Asset Management fully exited OAKTREE CAPITAL GROUP, LLC in Q3 2019, selling an estimated $11.3M.
  • Horizon Kinetics Asset Management's ten largest holdings make up 62% of its $3.32B portfolio in Q3 2019.
  • Horizon Kinetics Asset Management opened 5 new positions and closed 14 in Q3 2019.
  • Horizon Kinetics Asset Management's portfolio value fell 8.2% quarter-over-quarter to $3.32B.

Based on Horizon Kinetics Asset Management's 13F filing for Q3 2019, filed 14 Nov 2019.