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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
BRK.B icon
26
Berkshire Hathaway Class B
BRK.B
$1.13T
$18.2M 0.73%
85,697
-5,222
-6% -$1.07M
MA icon
27
Mastercard
MA
$493B
$16.8M 0.67%
49,698
-1,647
-3% -$536K
PYPL icon
28
PayPal
PYPL
$50.5B
$16.8M 0.67%
85,205
-2,455
-3% -$462K
BA icon
29
Boeing
BA
$185B
$16.1M 0.65%
97,260
-2,899
-3% -$494K
LSXMA
30
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
$15.7M 0.63%
645,992
-44,153
-6% -$1.14M
ELS icon
31
Equity Lifestyle Properties
ELS
$12.6B
$15M 0.6%
245,453
-12,433
-5% -$805K
OSK icon
32
Oshkosh
OSK
$9.59B
$13.6M 0.55%
185,162
+18,470
+11% +$1.42M
VGSH icon
33
Vanguard Short-Term Treasury ETF
VGSH
$29.3B
$13.4M 0.54%
216,487
-37,064
-15% -$2.3M
SHV icon
34
iShares 0-1 Year Treasury Bond ETF
SHV
$20.6B
$13.2M 0.53%
119,362
-10,179
-8% -$1.13M
PAG icon
35
Penske Automotive Group
PAG
$14.2B
$12.5M 0.5%
261,309
+11,417
+5% +$530K
LBRDA icon
36
Liberty Broadband Class A
LBRDA
$5.16B
$10.1M 0.41%
71,209
-8,307
-10% -$1.13M
VXX icon
37
CALL
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$147M
$9.23M 0.37%
3,402
+1,747
+106% +$3.1M
FWONK icon
38
Liberty Media Series C
FWONK
$25.8B
$9.22M 0.37%
262,879
-29,669
-10% -$1.04M
IAA
39
DELISTED
IAA, Inc. Common Stock
IAA
$9.16M 0.37%
175,930
+12,102
+7% +$563K
MKL icon
40
Markel Group
MKL
$23.2B
$8.86M 0.36%
9,096
-1,749
-16% -$1.78M
GLIBA
41
DELISTED
GCI Liberty, Inc. Class A Common Stock (DE)
GLIBA
$8.07M 0.32%
98,490
-5,638
-5% -$444K
Y
42
DELISTED
Alleghany Corp
Y
$7.97M 0.32%
15,320
+4,307
+39% +$2.26M
DMLP icon
43
Dorchester Minerals
DMLP
$1.26B
$7.87M 0.32%
762,025
– –
NEA icon
44
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.42B
$7.72M 0.31%
538,518
– –
IPAR icon
45
Interparfums
IPAR
$3.94B
$7.54M 0.3%
201,950
-7,771
-4% -$334K
NVGS icon
46
Navigator Holdings
NVGS
$1.28B
$7.54M 0.3%
901,762
-58,987
-6% -$490K
V icon
47
Visa
V
$677B
$7.04M 0.28%
35,227
+850
+2% +$170K
DBL
48
DoubleLine Opportunistic Credit Fund
DBL
$280M
$6.83M 0.27%
358,482
-32,448
-8% -$624K
GDX icon
49
VanEck Gold Miners ETF
GDX
$27.4B
$6.63M 0.27%
169,284
+17,274
+11% +$704K
BGC icon
50
BGC Group
BGC
$4.89B
$6.16M 0.25%
2,567,140
-151,422
-6% -$395K
1
2
3 4 5

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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.