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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
+22.93%
1 Year Est. Return
+27.52%
3 Year Est. Return
+184.83%
5 Year Est. Return
+256.84%
10 Year Est. Return
–
AUM
$8.03B
AUM Growth
+$1.35B
Cap. Flow
+$30.6M
Cap. Flow %
0.38%
Top 10 Hldgs %
78.69%
Holding
361
New
15
Increased
107
Reduced
132
Closed
12

Top Buys

Rank Stock Value
1
DBRG icon
DigitalBridge
DBRG
+$54.1M
2
HE icon
Hawaiian Electric Industries
HE
+$24.1M
3
VNOM icon
Viper Energy
VNOM
+$13.9M
4
LB
LandBridge Co
LB
+$12.5M
5
WPM icon
Wheaton Precious Metals
WPM
+$11M

Top Sells

Rank Stock Value
1
TPL icon
Texas Pacific Land
TPL
+$108M
2
NTR icon
Nutrien
NTR
+$11.9M
3
CRL icon
Charles River Laboratories
CRL
+$10.6M
4
MSTR icon
Strategy Inc
MSTR
+$8.3M
5
ADM icon
Archer Daniels Midland
ADM
+$5.85M

Sector Composition

Rank Sector Weight
1 Energy 58.65%
2 Financials 6.78%
3 Materials 5.84%
4 Technology 3.37%
5 Consumer Discretionary 2.7%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DMLP icon
26
Dorchester Minerals
DMLP
$1.26B
$30.3M 0.38%
908,646
+11,753
+1% +$384K
OR icon
27
OR Royalties Inc
OR
$6.2B
$30M 0.37%
1,659,922
+267,777
+19% +$5.21M
CME icon
28
CME Group
CME
$94.8B
$29.2M 0.36%
125,853
-2,860
-2% -$658K
PAG icon
29
Penske Automotive Group
PAG
$14.2B
$27.9M 0.35%
182,966
+1,486
+0.8% +$236K
ADM icon
30
Archer Daniels Midland
ADM
$36.9B
$27.6M 0.34%
545,719
-108,092
-17% -$5.85M
CCL icon
31
Carnival Corporation Ltd
CCL
$39.7B
$27M 0.34%
1,084,131
+1,182
+0.1% +$27.7K
JOE icon
32
St. Joe Company
JOE
$3.83B
$25.3M 0.32%
564,202
+40,354
+8% +$2.09M
BG icon
33
Bunge Global
BG
$20.8B
$24.8M 0.31%
319,121
+49,046
+18% +$4.31M
WFG icon
34
West Fraser Timber
WFG
$5.65B
$24.4M 0.3%
281,367
+44,424
+19% +$4.16M
HE icon
35
Hawaiian Electric Industries
HE
$2.14B
$23.2M 0.29%
+2,379,498
New +$24.1M
SAND
36
DELISTED
Sandstorm Gold
SAND
$21.1M 0.26%
3,788,672
-113,047
-3% -$656K
BRK.B icon
37
Berkshire Hathaway Class B
BRK.B
$1.13T
$19.8M 0.25%
43,600
-1,378
-3% -$636K
WTM icon
38
White Mountains Insurance
WTM
$5.13B
$19.6M 0.24%
10,089
+2,951
+41% +$5.58M
IPAR icon
39
Interparfums
IPAR
$3.94B
$19.3M 0.24%
147,120
-4,695
-3% -$603K
STR
40
DELISTED
Sitio Royalties
STR
$16.5M 0.21%
862,426
+91,685
+12% +$2.05M
TRC icon
41
Tejon Ranch
TRC
$451M
$13.5M 0.17%
851,294
-47,812
-5% -$772K
OSK icon
42
Oshkosh
OSK
$9.59B
$13.3M 0.17%
140,119
-1,021
-0.7% -$107K
RCL icon
43
Royal Caribbean
RCL
$85.6B
$13.2M 0.16%
57,153
-728
-1% -$161K
WEN icon
44
Wendy's
WEN
$1.46B
$12.8M 0.16%
782,621
-64,895
-8% -$1.18M
BAM icon
45
Brookfield Asset Management
BAM
$83.8B
$12.7M 0.16%
234,360
-6,220
-3% -$336K
VGSH icon
46
Vanguard Short-Term Treasury ETF
VGSH
$29.3B
$12.5M 0.16%
215,098
-8,401
-4% -$490K
SPAQ icon
47
Horizon Kinetics SPAC Active ETF
SPAQ
$10.1M
$12.3M 0.15%
125,435
-3,256
-3% -$326K
CRL icon
48
Charles River Laboratories
CRL
$12.8B
$11M 0.14%
59,840
-54,922
-48% -$10.6M
MA icon
49
Mastercard
MA
$493B
$10.2M 0.13%
19,291
-347
-2% -$180K
RBA icon
50
RB Global
RBA
$17.5B
$9.98M 0.12%
110,630
-7,379
-6% -$660K
1
2
3 4 5

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Horizon Kinetics Asset Management's Q4 2024 Portfolio in Review

As of Q4 2024, Horizon Kinetics Asset Management held 361 positions worth $8.03B, up 20% from $6.68B the previous quarter. Its ten largest holdings account for 79% of the portfolio.

Horizon Kinetics Asset Management's Q4 2024 filing shows 15 new, 107 increased, 132 reduced and 12 closed positions. Its largest new stake was Hawaiian Electric Industries: 2,379,498 shares worth $23.2M. The largest sale was Texas Pacific Land, an estimated $108M.

By sector, the portfolio is most concentrated in Energy at 59% of assets, up from 57% a quarter earlier, followed by Financials and Materials.

  • Horizon Kinetics Asset Management's largest Q4 2024 buy was Hawaiian Electric Industries: 2,379,498 shares worth $23.2M.
  • Horizon Kinetics Asset Management added most to DigitalBridge in Q4 2024, an estimated $54.1M increase.
  • Horizon Kinetics Asset Management's biggest Q4 2024 reduction was Texas Pacific Land, cutting an estimated $108M.
  • Horizon Kinetics Asset Management fully exited CVS Health in Q4 2024, selling an estimated $807K.
  • Horizon Kinetics Asset Management's ten largest holdings make up 79% of its $8.03B portfolio in Q4 2024.
  • Horizon Kinetics Asset Management opened 15 new positions and closed 12 in Q4 2024.
  • Horizon Kinetics Asset Management's portfolio value rose 20% quarter-over-quarter to $8.03B.

Based on Horizon Kinetics Asset Management's 13F filing for Q4 2024, filed 10 Feb 2025.