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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
-4.52%
1 Year Est. Return
+23.05%
3 Year Est. Return
+192.13%
5 Year Est. Return
+221.88%
10 Year Est. Return
–
AUM
$8.82B
AUM Growth
-$412M
Cap. Flow
+$183M
Cap. Flow %
2.07%
Top 10 Hldgs %
77.52%
Holding
371
New
18
Increased
65
Reduced
167
Closed
20

Top Buys

Rank Stock Value
1
MIAX
Miami International Holdings
MIAX
+$196M
2
BTC
Grayscale Bitcoin Mini Trust ETF
BTC
+$97.3M
3
WHK
WhiteHawk Minerals Corp
WHK
+$42.1M
4
EROK
EagleRock Land
EROK
+$36.4M
5
ICE icon
Intercontinental Exchange
ICE
+$21.9M

Top Sells

Rank Stock Value
1
GBTC icon
Grayscale Bitcoin Trust
GBTC
+$104M
2
TPL icon
Texas Pacific Land
TPL
+$86.1M
3
DBRG icon
DigitalBridge
DBRG
+$14.5M
4
CCL icon
Carnival Corporation Ltd
CCL
+$14.5M
5
WPM icon
Wheaton Precious Metals
WPM
+$9.71M

Sector Composition

Rank Sector Weight
1 Energy 63.72%
2 Miscellaneous 9.94%
3 Financials 9.51%
4 Materials 6.09%
5 Utilities 3.5%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EPD icon
76
Enterprise Products Partners
EPD
$84.3B
$4.13M 0.05%
112,333
-2,487
-2% -$93.8K
MKL icon
77
Markel Group
MKL
$22.5B
$4.03M 0.05%
2,064
-38
-2% -$71K
CSCO icon
78
Cisco
CSCO
$433B
$4.02M 0.05%
34,266
-3,225
-9% -$337K
HHH icon
79
Howard Hughes
HHH
$3.87B
$3.97M 0.05%
55,500
-140,910
-72% -$9.17M
JNJ icon
80
Johnson & Johnson
JNJ
$646B
$3.94M 0.04%
15,508
-201
-1% -$46.8K
MRK icon
81
Merck
MRK
$366B
$3.62M 0.04%
28,151
-232
-0.8% -$27.2K
PM icon
82
Philip Morris
PM
$299B
$3.55M 0.04%
19,624
-110
-0.6% -$19.1K
VRT icon
83
Vertiv
VRT
$99B
$3.52M 0.04%
10,515
-510
-5% -$162K
NTR icon
84
Nutrien
NTR
$35.1B
$3.18M 0.04%
50,527
-697
-1% -$48.7K
CMRE icon
85
Costamare
CMRE
$1.86B
$3.12M 0.04%
222,350
+500
+0.2% +$8.2K
MTA
86
Metalla Royalty & Streaming
MTA
$985M
$3.08M 0.03%
404,297
– –
SU icon
87
Suncor Energy
SU
$76.5B
$3.02M 0.03%
56,237
– –
NEA icon
88
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.39B
$2.98M 0.03%
254,046
-42,260
-14% -$485K
BR icon
89
Broadridge
BR
$20.9B
$2.97M 0.03%
21,706
-470
-2% -$71K
OPLN
90
Openlane
OPLN
$4.28B
$2.93M 0.03%
71,030
-313
-0.4% -$10.9K
CTRI icon
91
Centuri Holdings
CTRI
$2.05B
$2.9M 0.03%
+96,043
New +$3.1M
ARLP icon
92
Alliance Resource Partners
ARLP
$3.37B
$2.89M 0.03%
120,451
+15,742
+15% +$400K
MSGE icon
93
Madison Square Garden
MSGE
$3.7B
$2.83M 0.03%
35,041
-690
-2% -$47.1K
WT icon
94
WisdomTree
WT
$3.7B
$2.81M 0.03%
166,115
-1,941
-1% -$34.4K
MO icon
95
Altria Group
MO
$115B
$2.8M 0.03%
38,957
– –
RCG
96
RENN Fund
RCG
$20.7M
$2.78M 0.03%
929,018
+16,954
+2% +$48K
TD icon
97
Toronto Dominion Bank
TD
$199B
$2.73M 0.03%
22,450
-50
-0.2% -$5.47K
LHX icon
98
L3Harris
LHX
$48.9B
$2.66M 0.03%
9,153
– –
FWONA icon
99
Liberty Media Series A
FWONA
$23.4B
$2.66M 0.03%
30,336
-3,756
-11% -$309K
APYX icon
100
Apyx Medical
APYX
$130M
$2.63M 0.03%
585,000
-30,000
-5% -$119K
2 3
4
5 6

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Horizon Kinetics Asset Management's Q2 2026 Portfolio in Review

As of Q2 2026, Horizon Kinetics Asset Management held 371 positions worth $8.82B, down 4.5% from $9.23B the previous quarter. Its ten largest holdings account for 78% of the portfolio.

Horizon Kinetics Asset Management's Q2 2026 filing shows 18 new, 65 increased, 167 reduced and 20 closed positions. Its largest new stake was WhiteHawk Minerals Corp: 1,552,705 shares worth $43.2M. The largest sale was Grayscale Bitcoin Trust, an estimated $104M.

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

  • Horizon Kinetics Asset Management's largest Q2 2026 buy was WhiteHawk Minerals Corp: 1,552,705 shares worth $43.2M.
  • Horizon Kinetics Asset Management added most to Miami International Holdings in Q2 2026, an estimated $196M increase.
  • Horizon Kinetics Asset Management's biggest Q2 2026 reduction was Grayscale Bitcoin Trust, cutting an estimated $104M.
  • Horizon Kinetics Asset Management fully exited Alpha Architect 1-3 Month Box ETF in Q2 2026, selling an estimated $5.52M.
  • Horizon Kinetics Asset Management's ten largest holdings make up 78% of its $8.82B portfolio in Q2 2026.
  • Horizon Kinetics Asset Management opened 18 new positions and closed 20 in Q2 2026.
  • Horizon Kinetics Asset Management's portfolio value fell 4.5% quarter-over-quarter to $8.82B.

Based on Horizon Kinetics Asset Management's 13F filing for Q2 2026, filed 11 Aug 2026.