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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
+18.34%
1 Year Est. Return
+27.52%
3 Year Est. Return
+184.83%
5 Year Est. Return
+256.84%
10 Year Est. Return
–
AUM
$5.05B
AUM Growth
+$406M
Cap. Flow
-$225M
Cap. Flow %
-4.46%
Top 10 Hldgs %
72.02%
Holding
345
New
11
Increased
64
Reduced
153
Closed
14

Top Buys

Rank Stock Value
1
BUR icon
Burford Capital
BUR
+$5.12M
2
LLYVK icon
Liberty Live Group Series C
LLYVK
+$3.25M
3
SPAQ icon
Horizon Kinetics SPAC Active ETF
SPAQ
+$1.93M
4
MSB
Mesabi Trust
MSB
+$1.78M
5
LLYVA icon
Liberty Live Group Series A
LLYVA
+$1.38M

Top Sells

Rank Stock Value
1
SVXY icon
ProShares Short VIX Short-Term Futures ETF
SVXY
+$60.1M
2
TPL icon
Texas Pacific Land
TPL
+$39.7M
3
STR
Sitio Royalties
STR
+$12.7M
4
WPM icon
Wheaton Precious Metals
WPM
+$7.44M
5
ADM icon
Archer Daniels Midland
ADM
+$7.18M

Sector Composition

Rank Sector Weight
1 Energy 56.85%
2 Materials 8.62%
3 Financials 8.12%
4 Consumer Discretionary 4.41%
5 Technology 3.98%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DMLP icon
26
Dorchester Minerals
DMLP
$1.26B
$28M 0.55%
963,089
-27,967
-3% -$834K
WFG icon
27
West Fraser Timber
WFG
$5.65B
$25.9M 0.51%
356,916
-53,887
-13% -$4.24M
SAND
28
DELISTED
Sandstorm Gold
SAND
$25.5M 0.51%
5,480,156
-387,581
-7% -$2.03M
CCJ icon
29
Cameco
CCJ
$42.4B
$25.3M 0.5%
637,505
-90,807
-12% -$3.21M
WEN icon
30
Wendy's
WEN
$1.46B
$23.8M 0.47%
1,168,190
-30,715
-3% -$641K
NTR icon
31
Nutrien
NTR
$30.7B
$23.1M 0.46%
374,077
-50,021
-12% -$3.16M
IPAR icon
32
Interparfums
IPAR
$3.94B
$22M 0.44%
163,609
-415
-0.3% -$56.9K
CBRE icon
33
CBRE Group
CBRE
$42.9B
$20.5M 0.41%
277,434
-44,560
-14% -$3.7M
OR icon
34
OR Royalties Inc
OR
$6.2B
$20.2M 0.4%
1,716,200
-249,226
-13% -$3.4M
TRC icon
35
Tejon Ranch
TRC
$451M
$18.6M 0.37%
1,146,349
-27,714
-2% -$469K
BRK.B icon
36
Berkshire Hathaway Class B
BRK.B
$1.13T
$16.9M 0.34%
48,341
-318
-0.7% -$113K
CCL icon
37
Carnival Corporation Ltd
CCL
$39.7B
$15.9M 0.32%
1,160,590
+7,889
+0.7% +$131K
BAM icon
38
Brookfield Asset Management
BAM
$83.8B
$14.4M 0.29%
431,647
-44,283
-9% -$1.49M
RGLD icon
39
Royal Gold
RGLD
$19.5B
$14M 0.28%
131,398
-3,395
-3% -$386K
VUSB icon
40
Vanguard Ultra-Short Bond ETF
VUSB
$8.92B
$13.7M 0.27%
278,252
-27,215
-9% -$1.34M
OSK icon
41
Oshkosh
OSK
$9.59B
$13.1M 0.26%
136,860
+325
+0.2% +$31.5K
MA icon
42
Mastercard
MA
$493B
$13M 0.26%
32,730
-60
-0.2% -$24.1K
VGSH icon
43
Vanguard Short-Term Treasury ETF
VGSH
$29.3B
$12.8M 0.25%
222,890
+267
+0.1% +$15.4K
FWONK icon
44
Liberty Media Series C
FWONK
$25.8B
$12.6M 0.25%
202,275
-10,286
-5% -$706K
BA icon
45
Boeing
BA
$185B
$11.3M 0.22%
59,027
-911
-2% -$199K
SPAQ icon
46
Horizon Kinetics SPAC Active ETF
SPAQ
$10.1M
$10.9M 0.22%
110,356
+19,717
+22% +$1.93M
LBRDK icon
47
Liberty Broadband Class C
LBRDK
$5.15B
$9.9M 0.2%
108,368
-4,494
-4% -$401K
ELS icon
48
Equity Lifestyle Properties
ELS
$12.6B
$9.69M 0.19%
152,057
-12,199
-7% -$824K
SPGI icon
49
S&P Global
SPGI
$120B
$9.55M 0.19%
26,141
-1,647
-6% -$648K
LSXMK
50
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
$8.66M 0.17%
340,095
-203,221
-37% -$4.94M
1
2
3 4 5

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Horizon Kinetics Asset Management's Q3 2023 Portfolio in Review

As of Q3 2023, Horizon Kinetics Asset Management held 345 positions worth $5.05B, up 8.7% from $4.64B the previous quarter. Its ten largest holdings account for 72% of the portfolio.

Horizon Kinetics Asset Management withdrew a net $225M in Q3 2023, closing 14 positions and reducing 153 holdings. Its most notable exit was ABB Ltd, an estimated $1.17M position sold in full.

By sector, the portfolio is most concentrated in Energy at 57% of assets, up from 48% a quarter earlier, followed by Materials and Financials.

Against the trend, Horizon Kinetics Asset Management opened a new position in Burford Capital worth $5.27M.

  • Horizon Kinetics Asset Management's largest Q3 2023 buy was Burford Capital: 376,073 shares worth $5.27M.
  • Horizon Kinetics Asset Management added most to Horizon Kinetics SPAC Active ETF in Q3 2023, an estimated $1.93M increase.
  • Horizon Kinetics Asset Management's biggest Q3 2023 reduction was ProShares Short VIX Short-Term Futures ETF, cutting an estimated $60.1M.
  • Horizon Kinetics Asset Management fully exited ABB Ltd in Q3 2023, selling an estimated $1.17M.
  • Horizon Kinetics Asset Management's ten largest holdings make up 72% of its $5.05B portfolio in Q3 2023.
  • Horizon Kinetics Asset Management opened 11 new positions and closed 14 in Q3 2023.
  • Horizon Kinetics Asset Management's portfolio value rose 8.7% quarter-over-quarter to $5.05B.

Based on Horizon Kinetics Asset Management's 13F filing for Q3 2023, filed 14 Nov 2023.