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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
EPD icon
76
Enterprise Products Partners
EPD
$81.7B
$2.79M 0.06%
101,912
-1,266
-1% -$33.9K
MRK icon
77
Merck
MRK
$318B
$2.78M 0.06%
27,039
+376
+1% +$40.5K
LLY icon
78
Eli Lilly
LLY
$1.06T
$2.78M 0.06%
5,177
-260
-5% -$134K
JNJ icon
79
Johnson & Johnson
JNJ
$625B
$2.74M 0.05%
17,595
-201
-1% -$33.2K
KMI icon
80
Kinder Morgan
KMI
$68.7B
$2.69M 0.05%
162,194
-454
-0.3% -$7.83K
INFL icon
81
Horizon Kinetics Inflation Beneficiaries ETF
INFL
$1.53B
$2.58M 0.05%
84,614
-60
-0.1% -$1.88K
ET icon
82
Energy Transfer Partners
ET
$69.3B
$2.54M 0.05%
181,308
+5,915
+3% +$78.5K
SBR
83
Sabine Royalty Trust
SBR
$1.05B
$2.54M 0.05%
38,543
-3,768
-9% -$248K
BMY icon
84
Bristol-Myers Squibb
BMY
$132B
$2.46M 0.05%
42,381
-150
-0.4% -$9.19K
TPH
85
DELISTED
Tri Pointe Homes
TPH
$2.46M 0.05%
89,812
-6,800
-7% -$209K
DHR icon
86
Danaher
DHR
$144B
$2.42M 0.05%
10,997
+128
+1% +$28.5K
CVX icon
87
Chevron
CVX
$366B
$2.39M 0.05%
14,182
– –
LVS icon
88
Las Vegas Sands
LVS
$29.6B
$2.34M 0.05%
50,997
-1,810
-3% -$97.8K
CMRE icon
89
Costamare
CMRE
$1.77B
$2.25M 0.04%
234,334
+6,000
+3% +$61.1K
SU icon
90
Suncor Energy
SU
$70.3B
$2.13M 0.04%
61,830
+2,079
+3% +$66.7K
CSCO icon
91
Cisco
CSCO
$479B
$2.12M 0.04%
39,468
-275
-0.7% -$14.8K
PM icon
92
Philip Morris
PM
$295B
$2.11M 0.04%
22,744
-200
-0.9% -$19.2K
BATRK icon
93
Atlanta Braves Holdings Series B
BATRK
$3.21B
$2.05M 0.04%
57,421
+9,064
+19% +$343K
KLAC icon
94
KLA
KLAC
$259B
$2M 0.04%
43,550
+400
+0.9% +$19.2K
APYX icon
95
Apyx Medical
APYX
$171M
$1.97M 0.04%
615,000
– –
CAT icon
96
Caterpillar
CAT
$387B
$1.91M 0.04%
6,999
+401
+6% +$109K
SPHR icon
97
Sphere Entertainment
SPHR
$5.73B
$1.85M 0.04%
49,820
-654
-1% -$24.1K
PFN
98
PIMCO Income Strategy Fund II
PFN
$703M
$1.84M 0.04%
279,734
-389
-0.1% -$2.7K
EMR icon
99
Emerson Electric
EMR
$88.3B
$1.83M 0.04%
18,936
+1,050
+6% +$100K
FNF icon
100
Fidelity National Financial
FNF
$13.5B
$1.81M 0.04%
43,832
+90
+0.2% +$3.6K
2 3
4
5 6

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IAA
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SFM
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WPL
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NPT
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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.