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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
FWONA icon
51
Liberty Media Series A
FWONA
$23.6B
$8.17M 0.16%
144,517
-27,567
-16% -$1.68M
RPRX icon
52
Royalty Pharma
RPRX
$25.3B
$7.8M 0.15%
287,255
-46,414
-14% -$1.38M
MSTR icon
53
Strategy Inc
MSTR
$38.4B
$6.49M 0.13%
197,730
-1,460
-0.7% -$55K
SII
54
Sprott
SII
$3.03B
$6.44M 0.13%
211,308
-28,788
-12% -$946K
RBA icon
55
RB Global
RBA
$17.5B
$5.93M 0.12%
94,929
-6,605
-7% -$407K
MSGS icon
56
Madison Square Garden
MSGS
$9.39B
$5.75M 0.11%
32,609
-617
-2% -$116K
PTEN icon
57
Patterson-UTI
PTEN
$3.76B
$5.59M 0.11%
404,041
-1,056
-0.3% -$15.4K
NDAQ icon
58
Nasdaq
NDAQ
$52.9B
$5.3M 0.11%
109,153
-513
-0.5% -$26K
BUR icon
59
Burford Capital
BUR
$971M
$5.27M 0.1%
+376,073
New +$5.12M
XOM icon
60
ExxonMobil
XOM
$634B
$5.26M 0.1%
44,705
+22
+0% +$2.41K
RCL icon
61
Royal Caribbean
RCL
$85.6B
$5.22M 0.1%
56,626
-395
-0.7% -$39.6K
WMB icon
62
Williams Companies
WMB
$86.1B
$4.96M 0.1%
147,083
+3,504
+2% +$120K
XES icon
63
State Street SPDR S&P Oil & Gas Equipment & Services ETF
XES
$364M
$4.45M 0.09%
46,467
+8,498
+22% +$786K
AMLP icon
64
Alerian MLP ETF
AMLP
$13.1B
$4.29M 0.09%
101,700
-112
-0.1% -$4.6K
NEA icon
65
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.42B
$4.1M 0.08%
423,715
– –
PCH
66
DELISTED
PotlatchDeltic
PCH
$4.04M 0.08%
88,931
-10,249
-10% -$506K
FCX icon
67
Freeport-McMoran
FCX
$97.5B
$3.95M 0.08%
105,912
+1,235
+1% +$49.8K
MKL icon
68
Markel Group
MKL
$23.2B
$3.89M 0.08%
2,644
-114
-4% -$167K
ABBV icon
69
AbbVie
ABBV
$435B
$3.7M 0.07%
24,824
-25
-0.1% -$3.67K
LSXMA
70
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
$3.66M 0.07%
143,849
-58,984
-29% -$1.4M
CLB icon
71
Core Laboratories
CLB
$521M
$3.53M 0.07%
146,908
– –
RYN icon
72
Rayonier
RYN
$6.55B
$3.5M 0.07%
135,621
-5,272
-4% -$147K
LLYVK icon
73
Liberty Live Group Series C
LLYVK
$9.46B
$3.15M 0.06%
+98,051
New +$3.25M
MSFT icon
74
Microsoft
MSFT
$3.71T
$2.91M 0.06%
9,201
-345
-4% -$114K
BSM icon
75
Black Stone Minerals
BSM
$3B
$2.89M 0.06%
167,838
+5,100
+3% +$86.9K
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.