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Horizon Kinetics Asset Management Portfolio holdings

AUM $8.82B
1-Year Est. Return 23.05%
This Fund
S&P 500
This Quarter Est. Return
+37.23%
1 Year Est. Return
+23.05%
3 Year Est. Return
+192.13%
5 Year Est. Return
+221.88%
10 Year Est. Return
–
AUM
$9.23B
AUM Growth
+$1.84B
Cap. Flow
-$237M
Cap. Flow %
-2.57%
Top 10 Hldgs %
78.23%
Holding
367
New
43
Increased
88
Reduced
152
Closed
14

Top Buys

Rank Stock Value
1
MIAX
Miami International Holdings
MIAX
+$67.2M
2
HE icon
Hawaiian Electric Industries
HE
+$33.9M
3
WBI
WaterBridge Infrastructure LLC
WBI
+$12M
4
RBA icon
RB Global
RBA
+$8.39M
5
BOXX icon
Alpha Architect 1-3 Month Box ETF
BOXX
+$5.49M

Top Sells

Rank Stock Value
1
TPL icon
Texas Pacific Land
TPL
+$137M
2
WPM icon
Wheaton Precious Metals
WPM
+$102M
3
FNV icon
Franco-Nevada
FNV
+$52.2M
4
DBRG icon
DigitalBridge
DBRG
+$32.4M
5
RGLD icon
Royal Gold
RGLD
+$12.7M

Sector Composition

Rank Sector Weight
1 Energy 63.78%
2 Financials 7.83%
3 Materials 6.82%
4 Utilities 3.51%
5 Consumer Discretionary 1.99%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SBR
51
Sabine Royalty Trust
SBR
$1.06B
$8.37M 0.09%
111,150
+1,663
+2% +$119K
LBRT icon
52
Liberty Energy
LBRT
$3.45B
$8.3M 0.09%
288,222
-54,489
-16% -$1.39M
AB icon
53
AllianceBernstein
AB
$3.41B
$8.14M 0.09%
217,447
+23,706
+12% +$931K
ET icon
54
Energy Transfer Partners
ET
$71.5B
$7.7M 0.08%
398,708
+39,060
+11% +$715K
MSGS icon
55
Madison Square Garden
MSGS
$9.94B
$7.5M 0.08%
23,347
+3
+0% +$894
NRP icon
56
Natural Resource Partners
NRP
$1.36B
$7M 0.08%
57,871
+33,006
+133% +$3.91M
WES icon
57
Western Midstream Partners
WES
$20B
$6.99M 0.08%
169,744
+35,659
+27% +$1.47M
FWONK icon
58
Liberty Media Series C
FWONK
$26B
$6.89M 0.07%
80,990
-627
-0.8% -$54.8K
XOM icon
59
ExxonMobil
XOM
$652B
$6.73M 0.07%
39,692
+1,112
+3% +$162K
SPAQ icon
60
Horizon Kinetics SPAC Active ETF
SPAQ
$10.1M
$6.53M 0.07%
71,954
– –
NDAQ icon
61
Nasdaq
NDAQ
$54.6B
$6M 0.07%
70,706
-116
-0.2% -$10.4K
VGSH icon
62
Vanguard Short-Term Treasury ETF
VGSH
$30.2B
$5.78M 0.06%
98,748
-11,338
-10% -$666K
AMLP icon
63
Alerian MLP ETF
AMLP
$13.1B
$5.61M 0.06%
106,520
+46,213
+77% +$2.35M
BOXX icon
64
Alpha Architect 1-3 Month Box ETF
BOXX
$13.5B
$5.52M 0.06%
+47,475
New +$5.49M
SPHR icon
65
Sphere Entertainment
SPHR
$6.33B
$5.43M 0.06%
46,252
-1,211
-3% -$127K
FCX icon
66
Freeport-McMoran
FCX
$93.6B
$5.4M 0.06%
91,881
-1,233
-1% -$74.5K
INFL icon
67
Horizon Kinetics Inflation Beneficiaries ETF
INFL
$1.54B
$5.22M 0.06%
100,352
+1,372
+1% +$69.3K
JAPN
68
Horizon Kinetics Japan Owner Operator ETF
JAPN
$25.8M
$5.16M 0.06%
227,765
+45,448
+25% +$1.1M
BCDF icon
69
Horizon Kinetics Blockchain Development ETF
BCDF
$24.1M
$5.1M 0.06%
166,055
+10,055
+6% +$314K
SAIC icon
70
Saic
SAIC
$5.35B
$4.8M 0.05%
50,581
-2,081
-4% -$204K
EPD icon
71
Enterprise Products Partners
EPD
$82.1B
$4.34M 0.05%
114,820
+2,757
+2% +$97.6K
ADM icon
72
Archer Daniels Midland
ADM
$38.6B
$4.31M 0.05%
59,312
-890
-1% -$60.1K
ABBV icon
73
AbbVie
ABBV
$443B
$4.18M 0.05%
19,209
-332
-2% -$73.6K
MKL icon
74
Markel Group
MKL
$22.8B
$4.02M 0.04%
2,102
– –
TPH
75
DELISTED
Tri Pointe Homes
TPH
$4.02M 0.04%
85,966
+4
+0% +$163
1 2
3
4 5

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AI
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Horizon Kinetics Asset Management's Q1 2026 Portfolio in Review

As of Q1 2026, Horizon Kinetics Asset Management held 367 positions worth $9.23B, up 25% from $7.39B the previous quarter. Its ten largest holdings account for 78% of the portfolio.

Horizon Kinetics Asset Management's Q1 2026 filing shows 43 new, 88 increased, 152 reduced and 14 closed positions. Its largest new stake was Alpha Architect 1-3 Month Box ETF: 47,475 shares worth $5.52M. The largest sale was Texas Pacific Land, an estimated $137M.

By sector, the portfolio is most concentrated in Energy at 64% of assets, up from 52% a quarter earlier, followed by Financials and Materials.

  • Horizon Kinetics Asset Management's largest Q1 2026 buy was Alpha Architect 1-3 Month Box ETF: 47,475 shares worth $5.52M.
  • Horizon Kinetics Asset Management added most to Miami International Holdings in Q1 2026, an estimated $67.2M increase.
  • Horizon Kinetics Asset Management's biggest Q1 2026 reduction was Texas Pacific Land, cutting an estimated $137M.
  • Horizon Kinetics Asset Management fully exited PotlatchDeltic in Q1 2026, selling an estimated $933K.
  • Horizon Kinetics Asset Management's ten largest holdings make up 78% of its $9.23B portfolio in Q1 2026.
  • Horizon Kinetics Asset Management opened 43 new positions and closed 14 in Q1 2026.
  • Horizon Kinetics Asset Management's portfolio value rose 25% quarter-over-quarter to $9.23B.

Based on Horizon Kinetics Asset Management's 13F filing for Q1 2026, filed 15 May 2026.