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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
-6.91%
1 Year Est. Return
+27.52%
3 Year Est. Return
+184.83%
5 Year Est. Return
+256.84%
10 Year Est. Return
–
AUM
$4.64B
AUM Growth
-$565M
Cap. Flow
-$109M
Cap. Flow %
-2.35%
Top 10 Hldgs %
65.42%
Holding
341
New
7
Increased
67
Reduced
144
Closed
7

Top Buys

Rank Stock Value
1
CCJ icon
Cameco
CCJ
+$20.5M
2
VGSH icon
Vanguard Short-Term Treasury ETF
VGSH
+$4.81M
3
LLY icon
Eli Lilly
LLY
+$2.28M
4
MSGE icon
Madison Square Garden
MSGE
+$1.72M
5
SPAQ icon
Horizon Kinetics SPAC Active ETF
SPAQ
+$731K

Top Sells

Rank Stock Value
1
BN icon
Brookfield
BN
+$25.8M
2
IEP icon
Icahn Enterprises
IEP
+$22.1M
3
TPL icon
Texas Pacific Land
TPL
+$22M
4
CNS icon
Cohen & Steers
CNS
+$12.2M
5
WPM icon
Wheaton Precious Metals
WPM
+$6.13M

Sector Composition

Rank Sector Weight
1 Energy 48.05%
2 Materials 10.65%
3 Financials 8.97%
4 Consumer Discretionary 5.04%
5 Technology 4.85%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PAG icon
26
Penske Automotive Group
PAG
$14.2B
$32.9M 0.71%
197,362
-822
-0.4% -$119K
JOE icon
27
St. Joe Company
JOE
$3.84B
$32.1M 0.69%
663,413
-44,721
-6% -$1.95M
OR icon
28
OR Royalties Inc
OR
$6.12B
$30.2M 0.65%
1,965,426
-206,871
-10% -$3.35M
SAND
29
DELISTED
Sandstorm Gold
SAND
$30M 0.65%
5,867,737
-269,400
-4% -$1.5M
DMLP icon
30
Dorchester Minerals
DMLP
$1.26B
$29.7M 0.64%
991,056
-25,124
-2% -$737K
WEN icon
31
Wendy's
WEN
$1.44B
$26.1M 0.56%
1,198,905
-17,246
-1% -$384K
CBRE icon
32
CBRE Group
CBRE
$43.2B
$26M 0.56%
321,994
-36,261
-10% -$2.71M
NTR icon
33
Nutrien
NTR
$30.9B
$25M 0.54%
424,098
-39,260
-8% -$2.5M
CCJ icon
34
Cameco
CCJ
$42.4B
$22.8M 0.49%
+728,312
New +$20.5M
IPAR icon
35
Interparfums
IPAR
$3.91B
$22.2M 0.48%
164,024
-337
-0.2% -$47.2K
CCL icon
36
Carnival Corporation Ltd
CCL
$39.4B
$21.7M 0.47%
1,152,701
+20,545
+2% +$240K
TRC icon
37
Tejon Ranch
TRC
$445M
$20.2M 0.44%
1,174,063
+19,263
+2% +$335K
BRK.B icon
38
Berkshire Hathaway Class B
BRK.B
$1.12T
$16.6M 0.36%
48,659
-51
-0.1% -$16.6K
BAM icon
39
Brookfield Asset Management
BAM
$84.1B
$15.5M 0.33%
475,930
-31,905
-6% -$1.03M
RGLD icon
40
Royal Gold
RGLD
$19.3B
$15.5M 0.33%
134,793
-2,470
-2% -$318K
FWONK icon
41
Liberty Media Series C
FWONK
$25.9B
$15.5M 0.33%
212,561
-1,068
-0.5% -$76K
VUSB icon
42
Vanguard Ultra-Short Bond ETF
VUSB
$8.92B
$15M 0.32%
305,467
+5,679
+2% +$279K
LSXMK
43
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
$13.8M 0.3%
543,316
-28,575
-5% -$639K
MA icon
44
Mastercard
MA
$492B
$12.9M 0.28%
32,790
-297
-0.9% -$111K
VGSH icon
45
Vanguard Short-Term Treasury ETF
VGSH
$29.3B
$12.9M 0.28%
222,623
+82,664
+59% +$4.81M
BA icon
46
Boeing
BA
$184B
$12.7M 0.27%
59,938
-171
-0.3% -$35.5K
OSK icon
47
Oshkosh
OSK
$9.57B
$11.8M 0.25%
136,535
+367
+0.3% +$28.9K
FWONA icon
48
Liberty Media Series A
FWONA
$23.7B
$11.1M 0.24%
172,084
-762
-0.4% -$48.2K
SPGI icon
49
S&P Global
SPGI
$120B
$11.1M 0.24%
27,788
-264
-0.9% -$96.5K
ELS icon
50
Equity Lifestyle Properties
ELS
$12.7B
$11M 0.24%
164,256
-15,326
-9% -$1.02M
1
2
3 4 5

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Horizon Kinetics Asset Management's Q2 2023 Portfolio in Review

As of Q2 2023, Horizon Kinetics Asset Management held 341 positions worth $4.64B, down 11% from $5.21B the previous quarter. Its ten largest holdings account for 65% of the portfolio.

Trading was light in Q2 2023: portfolio turnover was 4.1%. Horizon Kinetics Asset Management opened 7 new positions and exited 7, leaving the 341-position portfolio largely intact.

By sector, the portfolio is most concentrated in Energy at 48% of assets, down from 54% a quarter earlier, followed by Materials and Financials.

  • Horizon Kinetics Asset Management's largest Q2 2023 buy was Cameco: 728,312 shares worth $22.8M.
  • Horizon Kinetics Asset Management added most to Vanguard Short-Term Treasury ETF in Q2 2023, an estimated $4.81M increase.
  • Horizon Kinetics Asset Management's biggest Q2 2023 reduction was Brookfield, cutting an estimated $25.8M.
  • Horizon Kinetics Asset Management fully exited Icahn Enterprises in Q2 2023, selling an estimated $22.1M.
  • Horizon Kinetics Asset Management's ten largest holdings make up 65% of its $4.64B portfolio in Q2 2023.
  • Horizon Kinetics Asset Management opened 7 new positions and closed 7 in Q2 2023.
  • Horizon Kinetics Asset Management's portfolio value fell 11% quarter-over-quarter to $4.64B.

Based on Horizon Kinetics Asset Management's 13F filing for Q2 2023, filed 14 Aug 2023.