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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
+16.67%
1 Year Est. Return
+27.52%
3 Year Est. Return
+184.83%
5 Year Est. Return
+256.84%
10 Year Est. Return
–
AUM
$6.68B
AUM Growth
+$959M
Cap. Flow
+$69.2M
Cap. Flow %
1.04%
Top 10 Hldgs %
76.18%
Holding
358
New
34
Increased
151
Reduced
120
Closed
12

Top Buys

Rank Stock Value
1
BTC
Grayscale Bitcoin Mini Trust ETF
BTC
+$81.5M
2
LB
LandBridge Co
LB
+$16.3M
3
WTM icon
White Mountains Insurance
WTM
+$10.1M
4
DBRG icon
DigitalBridge
DBRG
+$6.14M
5
BX icon
Blackstone
BX
+$3.29M

Top Sells

Rank Stock Value
1
GBTC icon
Grayscale Bitcoin Trust
GBTC
+$63.5M
2
CRL icon
Charles River Laboratories
CRL
+$9.48M
3
VUSB icon
Vanguard Ultra-Short Bond ETF
VUSB
+$6.29M
4
BN icon
Brookfield
BN
+$4.46M
5
FWONA icon
Liberty Media Series A
FWONA
+$3.75M

Sector Composition

Rank Sector Weight
1 Energy 56.7%
2 Financials 7.08%
3 Materials 6.99%
4 Technology 4.52%
5 Consumer Discretionary 3.53%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CME icon
26
CME Group
CME
$94.8B
$28.4M 0.43%
128,713
-11,899
-8% -$2.46M
DMLP icon
27
Dorchester Minerals
DMLP
$1.26B
$27M 0.4%
896,893
+5,210
+0.6% +$160K
MRSH
28
Marsh
MRSH
$91.5B
$26.6M 0.4%
119,074
-640
-0.5% -$142K
BG icon
29
Bunge Global
BG
$20.8B
$26.1M 0.39%
270,075
-17,763
-6% -$1.82M
OR icon
30
OR Royalties Inc
OR
$6.2B
$25.8M 0.39%
1,392,145
-2,334
-0.2% -$40.4K
CCJ icon
31
Cameco
CCJ
$42.4B
$24.7M 0.37%
517,828
-1,400
-0.3% -$61K
SAND
32
DELISTED
Sandstorm Gold
SAND
$23.4M 0.35%
3,901,719
-83,975
-2% -$477K
WFG icon
33
West Fraser Timber
WFG
$5.65B
$23.1M 0.35%
236,943
-233
-0.1% -$20K
CRL icon
34
Charles River Laboratories
CRL
$12.8B
$22.6M 0.34%
114,762
-45,619
-28% -$9.48M
BRK.B icon
35
Berkshire Hathaway Class B
BRK.B
$1.13T
$20.7M 0.31%
44,978
-143
-0.3% -$63.2K
CCL icon
36
Carnival Corporation Ltd
CCL
$39.7B
$20M 0.3%
1,082,949
-8,800
-0.8% -$149K
IPAR icon
37
Interparfums
IPAR
$3.94B
$19.7M 0.29%
151,815
-3,999
-3% -$500K
STR
38
DELISTED
Sitio Royalties
STR
$16.1M 0.24%
770,741
-4,209
-0.5% -$95.4K
TRC icon
39
Tejon Ranch
TRC
$451M
$15.8M 0.24%
899,106
-9,838
-1% -$175K
NTR icon
40
Nutrien
NTR
$30.7B
$15.3M 0.23%
317,633
+8,531
+3% +$411K
WEN icon
41
Wendy's
WEN
$1.46B
$14.8M 0.22%
847,516
-154,316
-15% -$2.63M
OSK icon
42
Oshkosh
OSK
$9.59B
$14.1M 0.21%
141,140
+4,680
+3% +$488K
VGSH icon
43
Vanguard Short-Term Treasury ETF
VGSH
$29.3B
$13.2M 0.2%
223,499
-1,917
-0.9% -$112K
SPAQ icon
44
Horizon Kinetics SPAC Active ETF
SPAQ
$10.1M
$12.8M 0.19%
128,691
+5,992
+5% +$594K
WTM icon
45
White Mountains Insurance
WTM
$5.13B
$12.1M 0.18%
7,138
+5,773
+423% +$10.1M
BAM icon
46
Brookfield Asset Management
BAM
$83.8B
$11.4M 0.17%
240,580
-29,712
-11% -$1.24M
RGLD icon
47
Royal Gold
RGLD
$19.5B
$10.7M 0.16%
76,367
-12,621
-14% -$1.73M
RCL icon
48
Royal Caribbean
RCL
$85.6B
$10.3M 0.15%
57,881
+1,709
+3% +$277K
MA icon
49
Mastercard
MA
$493B
$9.7M 0.15%
19,638
-1,490
-7% -$693K
SPGI icon
50
S&P Global
SPGI
$120B
$9.54M 0.14%
18,465
-171
-0.9% -$84.6K
1
2
3 4 5

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Horizon Kinetics Asset Management's Q3 2024 Portfolio in Review

As of Q3 2024, Horizon Kinetics Asset Management held 358 positions worth $6.68B, up 17% from $5.72B the previous quarter. Its ten largest holdings account for 76% of the portfolio.

Horizon Kinetics Asset Management's Q3 2024 filing shows 34 new, 151 increased, 120 reduced and 12 closed positions. Its largest new stake was Grayscale Bitcoin Mini Trust ETF: 3,056,559 shares worth $86M. The largest sale was Grayscale Bitcoin Trust, an estimated $63.5M.

By sector, the portfolio is most concentrated in Energy at 57% of assets, up from 54% a quarter earlier, followed by Financials and Materials.

  • Horizon Kinetics Asset Management's largest Q3 2024 buy was Grayscale Bitcoin Mini Trust ETF: 3,056,559 shares worth $86M.
  • Horizon Kinetics Asset Management added most to LandBridge Co in Q3 2024, an estimated $16.3M increase.
  • Horizon Kinetics Asset Management's biggest Q3 2024 reduction was Grayscale Bitcoin Trust, cutting an estimated $63.5M.
  • Horizon Kinetics Asset Management fully exited Liberty Media Corporation Series C Liberty SiriusXM Common Stock in Q3 2024, selling an estimated $2.18M.
  • Horizon Kinetics Asset Management's ten largest holdings make up 76% of its $6.68B portfolio in Q3 2024.
  • Horizon Kinetics Asset Management opened 34 new positions and closed 12 in Q3 2024.
  • Horizon Kinetics Asset Management's portfolio value rose 17% quarter-over-quarter to $6.68B.

Based on Horizon Kinetics Asset Management's 13F filing for Q3 2024, filed 13 Nov 2024.