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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
RGLD icon
51
Royal Gold
RGLD
$19.5B
$9.86M 0.12%
74,792
-1,575
-2% -$227K
WMB icon
52
Williams Companies
WMB
$86.1B
$9.36M 0.12%
172,890
-4,395
-2% -$237K
FWONK icon
53
Liberty Media Series C
FWONK
$25.8B
$9.19M 0.11%
99,173
-1,491
-1% -$127K
BKKT icon
54
Bakkt Inc
BKKT
$337M
$9.11M 0.11%
367,927
-32,290
-8% -$598K
SPGI icon
55
S&P Global
SPGI
$120B
$8.96M 0.11%
17,994
-471
-3% -$239K
VUSB icon
56
Vanguard Ultra-Short Bond ETF
VUSB
$8.92B
$8.45M 0.11%
170,200
-3,933
-2% -$196K
RPRX icon
57
Royalty Pharma
RPRX
$25.3B
$8.14M 0.1%
319,176
+90,380
+40% +$2.4M
SII
58
Sprott
SII
$3.03B
$8.12M 0.1%
192,466
+30,622
+19% +$1.35M
NDAQ icon
59
Nasdaq
NDAQ
$52.9B
$7.98M 0.1%
103,246
+328
+0.3% +$25.4K
EXP icon
60
Eagle Materials
EXP
$6.57B
$7.39M 0.09%
29,949
-1,656
-5% -$478K
SBR
61
Sabine Royalty Trust
SBR
$1.05B
$7.12M 0.09%
109,921
+9,553
+10% +$599K
ELS icon
62
Equity Lifestyle Properties
ELS
$12.6B
$6.99M 0.09%
104,935
-7,722
-7% -$535K
SJT
63
San Juan Basin Royalty Trust
SJT
$118M
$6.95M 0.09%
1,814,214
+522,288
+40% +$2.09M
MSGS icon
64
Madison Square Garden
MSGS
$9.39B
$6.83M 0.09%
30,261
-230
-0.8% -$51.3K
LBRDK icon
65
Liberty Broadband Class C
LBRDK
$5.15B
$6.51M 0.08%
87,086
-2,394
-3% -$200K
ET icon
66
Energy Transfer Partners
ET
$69.3B
$6.11M 0.08%
311,724
+10,455
+3% +$185K
XOM icon
67
ExxonMobil
XOM
$634B
$5.85M 0.07%
54,429
-472
-0.9% -$55.2K
ARIS
68
DELISTED
Aris Water Solutions
ARIS
$5.49M 0.07%
+229,308
New +$4.98M
FCX icon
69
Freeport-McMoran
FCX
$97.5B
$5.39M 0.07%
141,597
-205
-0.1% -$9.17K
MSFT icon
70
Microsoft
MSFT
$3.71T
$5.38M 0.07%
12,773
-237
-2% -$101K
BX icon
71
Blackstone
BX
$110B
$5.21M 0.06%
30,200
-2,900
-9% -$505K
ABBV icon
72
AbbVie
ABBV
$435B
$4.63M 0.06%
26,048
+203
+0.8% +$37.3K
PM icon
73
Philip Morris
PM
$295B
$4.61M 0.06%
38,294
-50
-0.1% -$6.31K
TPH
74
DELISTED
Tri Pointe Homes
TPH
$4.5M 0.06%
124,012
-16,000
-11% -$667K
LBRT icon
75
Liberty Energy
LBRT
$3.25B
$4.47M 0.06%
224,849
-35,758
-14% -$661K
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.