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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
+33.38%
1 Year Est. Return
+27.52%
3 Year Est. Return
+184.83%
5 Year Est. Return
+256.84%
10 Year Est. Return
–
AUM
$3B
AUM Growth
+$511M
Cap. Flow
-$168M
Cap. Flow %
-5.6%
Top 10 Hldgs %
60.38%
Holding
371
New
9
Increased
46
Reduced
209
Closed
24

Top Buys

Rank Stock Value
1
MSB
Mesabi Trust
MSB
+$7.07M
2
LBRDK icon
Liberty Broadband Class C
LBRDK
+$4.64M
3
ADM icon
Archer Daniels Midland
ADM
+$4.61M
4
SVXY icon
ProShares Short VIX Short-Term Futures ETF
SVXY
+$3.61M
5
CTT
CATCHMARK TIMBER TRUST, INC.
CTT
+$2.13M

Top Sells

Rank Stock Value
1
TPL icon
Texas Pacific Land
TPL
+$21.4M
2
WPM icon
Wheaton Precious Metals
WPM
+$9.08M
3
GLIBA
GCI Liberty, Inc. Class A Common Stock (DE)
GLIBA
+$8.07M
4
IEP icon
Icahn Enterprises
IEP
+$6.81M
5
HHH icon
Howard Hughes
HHH
+$6.49M

Sector Composition

Rank Sector Weight
1 Energy 42.19%
2 Financials 12.07%
3 Materials 9.7%
4 Communication Services 6.6%
5 Consumer Discretionary 5.58%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LSXMA
26
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
$19M 0.63%
599,371
-46,621
-7% -$1.35M
SAND
27
DELISTED
Sandstorm Gold
SAND
$18.4M 0.61%
2,559,458
-146,906
-5% -$1.14M
RGLD icon
28
Royal Gold
RGLD
$19.5B
$18M 0.6%
169,150
-13,828
-8% -$1.6M
BRK.B icon
29
Berkshire Hathaway Class B
BRK.B
$1.13T
$17.2M 0.57%
74,018
-11,679
-14% -$2.57M
MA icon
30
Mastercard
MA
$493B
$16.2M 0.54%
45,316
-4,382
-9% -$1.46M
OSK icon
31
Oshkosh
OSK
$9.59B
$15.2M 0.5%
176,094
-9,068
-5% -$722K
PAG icon
32
Penske Automotive Group
PAG
$14.2B
$15M 0.5%
252,855
-8,454
-3% -$476K
ELS icon
33
Equity Lifestyle Properties
ELS
$12.6B
$14.6M 0.49%
231,156
-14,297
-6% -$882K
VGSH icon
34
Vanguard Short-Term Treasury ETF
VGSH
$29.3B
$12.5M 0.42%
203,584
-12,903
-6% -$800K
IPAR icon
35
Interparfums
IPAR
$3.94B
$11.8M 0.39%
195,703
-6,247
-3% -$314K
IAA
36
DELISTED
IAA, Inc. Common Stock
IAA
$10.8M 0.36%
166,408
-9,522
-5% -$570K
SHV icon
37
iShares 0-1 Year Treasury Bond ETF
SHV
$20.6B
$10.5M 0.35%
94,616
-24,746
-21% -$2.74M
FWONK icon
38
Liberty Media Series C
FWONK
$25.8B
$10.1M 0.34%
244,635
-18,244
-7% -$705K
LBRDA icon
39
Liberty Broadband Class A
LBRDA
$5.16B
$9.61M 0.32%
60,970
-10,239
-14% -$1.54M
ADM icon
40
Archer Daniels Midland
ADM
$36.9B
$9.32M 0.31%
184,980
+93,284
+102% +$4.61M
Y
41
DELISTED
Alleghany Corp
Y
$9.11M 0.3%
15,097
-223
-1% -$130K
VXX icon
42
CALL
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$147M
$8.71M 0.29%
3,402
– –
DMLP icon
43
Dorchester Minerals
DMLP
$1.26B
$8.66M 0.29%
793,417
+31,392
+4% +$339K
BGC icon
44
BGC Group
BGC
$4.89B
$8.21M 0.27%
2,052,577
-514,563
-20% -$1.8M
NEA icon
45
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.42B
$8.13M 0.27%
538,518
– –
NVGS icon
46
Navigator Holdings
NVGS
$1.28B
$8M 0.27%
730,560
-171,202
-19% -$1.45M
MSGS icon
47
Madison Square Garden
MSGS
$9.39B
$7.08M 0.24%
38,460
-1,980
-5% -$326K
V icon
48
Visa
V
$677B
$6.96M 0.23%
31,817
-3,410
-10% -$698K
FWONA icon
49
Liberty Media Series A
FWONA
$23.6B
$6.61M 0.22%
181,639
-7,510
-4% -$263K
MKL icon
50
Markel Group
MKL
$23.2B
$6.59M 0.22%
6,377
-2,719
-30% -$2.71M
1
2
3 4 5

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Horizon Kinetics Asset Management's Q4 2020 Portfolio in Review

As of Q4 2020, Horizon Kinetics Asset Management held 371 positions worth $3B, up 21% from $2.49B the previous quarter. Its ten largest holdings account for 60% of the portfolio.

Horizon Kinetics Asset Management withdrew a net $168M in Q4 2020, closing 24 positions and reducing 209 holdings. Its most notable exit was GCI Liberty, Inc. Class A Common Stock (DE), an estimated $8.07M position sold in full.

By sector, the portfolio is most concentrated in Energy at 42% of assets, up from 34% a quarter earlier, followed by Financials and Materials.

Against the trend, Horizon Kinetics Asset Management opened a new position in Deere & Co worth $581K.

  • Horizon Kinetics Asset Management's largest Q4 2020 buy was Deere & Co: 2,161 shares worth $581K.
  • Horizon Kinetics Asset Management added most to Mesabi Trust in Q4 2020, an estimated $7.07M increase.
  • Horizon Kinetics Asset Management's biggest Q4 2020 reduction was Texas Pacific Land, cutting an estimated $21.4M.
  • Horizon Kinetics Asset Management fully exited GCI Liberty, Inc. Class A Common Stock (DE) in Q4 2020, selling an estimated $8.07M.
  • Horizon Kinetics Asset Management's ten largest holdings make up 60% of its $3B portfolio in Q4 2020.
  • Horizon Kinetics Asset Management opened 9 new positions and closed 24 in Q4 2020.
  • Horizon Kinetics Asset Management's portfolio value rose 21% quarter-over-quarter to $3B.

Based on Horizon Kinetics Asset Management's 13F filing for Q4 2020, filed 16 Feb 2021.