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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
-3.14%
1 Year Est. Return
+27.52%
3 Year Est. Return
+184.83%
5 Year Est. Return
+256.84%
10 Year Est. Return
–
AUM
$2.49B
AUM Growth
-$271M
Cap. Flow
-$143M
Cap. Flow %
-5.74%
Top 10 Hldgs %
55.63%
Holding
428
New
23
Increased
87
Reduced
173
Closed
66

Top Buys

Rank Stock Value
1
MSB
Mesabi Trust
MSB
+$10.5M
2
SLV icon
iShares Silver Trust
SLV
+$3.51M
3
WOOD icon
iShares Global Timber & Forestry ETF
WOOD
+$3.16M
4
ICE icon
Intercontinental Exchange
ICE
+$3.14M
5
GLD icon
SPDR Gold Trust
GLD
+$2.6M

Top Sells

Rank Stock Value
1
TPL icon
Texas Pacific Land
TPL
+$31.1M
2
IEP icon
Icahn Enterprises
IEP
+$13.2M
3
SVXY icon
ProShares Short VIX Short-Term Futures ETF
SVXY
+$10.4M
4
WPM icon
Wheaton Precious Metals
WPM
+$9.79M
5
HHH icon
Howard Hughes
HHH
+$7.53M

Sector Composition

Rank Sector Weight
1 Energy 33.81%
2 Financials 13.83%
3 Materials 13.24%
4 Communication Services 7.1%
5 Consumer Discretionary 5.81%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RRR icon
401
Red Rock Resorts
RRR
$3.59B
– –
-14,946
Closed -$163K
SPB icon
402
Spectrum Brands
SPB
$1.99B
– –
-4,859
Closed -$223K
SPG icon
403
Simon Property Group
SPG
$71.1B
– –
-2,998
Closed -$205K
SPNT icon
404
SiriusPoint
SPNT
$2.64B
– –
-25,077
Closed -$188K
SRG
405
Seritage Growth Properties
SRG
$136M
– –
-14,609
Closed -$167K
TR icon
406
Tootsie Roll Industries
TR
$2.97B
– –
-7,136
Closed -$205K
TSLA icon
407
Tesla
TSLA
$1.3T
– –
-2,925
Closed -$210K
UA icon
408
Under Armour Class C
UA
$2.36B
– –
-21,901
Closed -$194K
UE icon
409
Urban Edge Properties
UE
$2.71B
– –
-17,846
Closed -$211K
URBN icon
410
Urban Outfitters
URBN
$6.81B
– –
-10,752
Closed -$164K
VB icon
411
Vanguard Morningstar Small-Cap ETF
VB
$82.6B
– –
-1,514
Closed -$221K
WAB icon
412
Wabtec
WAB
$49.3B
– –
-3,483
Closed -$201K
WTI icon
413
W&T Offshore
WTI
$563M
– –
-73,308
Closed -$167K
XRX icon
414
Xerox
XRX
$420M
– –
-11,641
Closed -$178K
MTUS icon
415
Metallus
MTUS
$902M
– –
-43,874
Closed -$171K
GAP
416
The Gap Inc
GAP
$7.64B
– –
-17,661
Closed -$223K
QVCGA
417
DELISTED
QVC Group Inc Series A
QVCGA
– –
-698
Closed -$322K
TWNK
418
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
– –
-15,918
Closed -$195K
LTRPA
419
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
– –
-89,099
Closed -$190K
ATCO
420
DELISTED
Atlas Corp.
ATCO
– –
-25,876
Closed -$197K
CLR
421
DELISTED
CONTINENTAL RESOURCES INC.
CLR
– –
-11,569
Closed -$202K
TEN
422
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
– –
-24,281
Closed -$184K
EXTN
423
DELISTED
Exterran Corporation
EXTN
– –
-33,448
Closed -$180K
RDS.A
424
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
– –
-9,228
Closed -$302K
CVA
425
DELISTED
Covanta Holding Corporation
CVA
– –
-20,540
Closed -$197K
14 15 16
17
18

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Horizon Kinetics Asset Management's Q3 2020 Portfolio in Review

As of Q3 2020, Horizon Kinetics Asset Management held 428 positions worth $2.49B, down 9.8% from $2.76B the previous quarter. Its ten largest holdings account for 56% of the portfolio.

Horizon Kinetics Asset Management withdrew a net $143M in Q3 2020, closing 66 positions and reducing 173 holdings. Its most notable exit was BP, an estimated $1.14M position sold in full.

By sector, the portfolio is most concentrated in Energy at 34% of assets, down from 41% a quarter earlier, followed by Financials and Materials.

Against the trend, Horizon Kinetics Asset Management opened a new position in iShares Global Timber & Forestry ETF worth $3.26M.

  • Horizon Kinetics Asset Management's largest Q3 2020 buy was iShares Global Timber & Forestry ETF: 50,490 shares worth $3.26M.
  • Horizon Kinetics Asset Management added most to Mesabi Trust in Q3 2020, an estimated $10.5M increase.
  • Horizon Kinetics Asset Management's biggest Q3 2020 reduction was Texas Pacific Land, cutting an estimated $31.1M.
  • Horizon Kinetics Asset Management fully exited BP in Q3 2020, selling an estimated $1.14M.
  • Horizon Kinetics Asset Management's ten largest holdings make up 56% of its $2.49B portfolio in Q3 2020.
  • Horizon Kinetics Asset Management opened 23 new positions and closed 66 in Q3 2020.
  • Horizon Kinetics Asset Management's portfolio value fell 9.8% quarter-over-quarter to $2.49B.

Based on Horizon Kinetics Asset Management's 13F filing for Q3 2020, filed 16 Nov 2020.