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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
-2.61%
1 Year Est. Return
+27.52%
3 Year Est. Return
+184.83%
5 Year Est. Return
+256.84%
10 Year Est. Return
–
AUM
$4.78B
AUM Growth
-$274M
Cap. Flow
-$283M
Cap. Flow %
-5.93%
Top 10 Hldgs %
71.54%
Holding
347
New
16
Increased
48
Reduced
178
Closed
22

Top Buys

Rank Stock Value
1
EXP icon
Eagle Materials
EXP
+$3.54M
2
BCDF icon
Horizon Kinetics Blockchain Development ETF
BCDF
+$1.67M
3
BNRE.A
Brookfield Reinsurance Ltd. Class A-1 Exchangeable Non-Voting Shares
BNRE.A
+$723K
4
VXF icon
Vanguard Extended Market ETF
VXF
+$675K
5
VUSB icon
Vanguard Ultra-Short Bond ETF
VUSB
+$659K

Top Sells

Rank Stock Value
1
TPL icon
Texas Pacific Land
TPL
+$71.3M
2
CBRE icon
CBRE Group
CBRE
+$20.5M
3
WPM icon
Wheaton Precious Metals
WPM
+$10.8M
4
ICE icon
Intercontinental Exchange
ICE
+$10.4M
5
VNOM icon
Viper Energy
VNOM
+$10.4M

Sector Composition

Rank Sector Weight
1 Energy 50.01%
2 Financials 8.8%
3 Materials 8.65%
4 Consumer Discretionary 4.73%
5 Technology 4.39%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JNJ icon
76
Johnson & Johnson
JNJ
$625B
$2.68M 0.06%
17,130
-465
-3% -$71.3K
BSM icon
77
Black Stone Minerals
BSM
$3B
$2.68M 0.06%
167,838
– –
INFL icon
78
Horizon Kinetics Inflation Beneficiaries ETF
INFL
$1.53B
$2.68M 0.06%
85,112
+498
+0.6% +$15.2K
EPD icon
79
Enterprise Products Partners
EPD
$81.7B
$2.67M 0.06%
101,294
-618
-0.6% -$16.5K
LVS icon
80
Las Vegas Sands
LVS
$29.6B
$2.6M 0.05%
52,859
+1,862
+4% +$88K
ET icon
81
Energy Transfer Partners
ET
$69.3B
$2.48M 0.05%
179,905
-1,403
-0.8% -$19.1K
CMRE icon
82
Costamare
CMRE
$1.77B
$2.43M 0.05%
233,834
-500
-0.2% -$4.77K
CLB icon
83
Core Laboratories
CLB
$521M
$2.42M 0.05%
136,908
-10,000
-7% -$201K
SBR
84
Sabine Royalty Trust
SBR
$1.05B
$2.35M 0.05%
34,663
-3,880
-10% -$245K
KLAC icon
85
KLA
KLAC
$259B
$2.35M 0.05%
40,370
-3,180
-7% -$166K
BATRK icon
86
Atlanta Braves Holdings Series B
BATRK
$3.21B
$2.25M 0.05%
56,721
-700
-1% -$25.5K
FNF icon
87
Fidelity National Financial
FNF
$13.5B
$2.24M 0.05%
43,871
+39
+0.1% +$1.7K
BMY icon
88
Bristol-Myers Squibb
BMY
$132B
$2.18M 0.05%
42,536
+155
+0.4% +$8.14K
PM icon
89
Philip Morris
PM
$295B
$2.15M 0.05%
22,864
+120
+0.5% +$11.1K
DHR icon
90
Danaher
DHR
$144B
$2.14M 0.04%
9,269
-1,728
-16% -$368K
CVX icon
91
Chevron
CVX
$366B
$2.12M 0.04%
14,183
+1
+0% +$151
LHX icon
92
L3Harris
LHX
$53.4B
$2.08M 0.04%
9,864
+740
+8% +$139K
BKKT icon
93
Bakkt Inc
BKKT
$337M
$2.07M 0.04%
37,082
+16,428
+80% +$569K
CAT icon
94
Caterpillar
CAT
$387B
$2.06M 0.04%
6,959
-40
-0.6% -$10.4K
PFN
95
PIMCO Income Strategy Fund II
PFN
$703M
$2.02M 0.04%
279,734
– –
CSCO icon
96
Cisco
CSCO
$479B
$1.98M 0.04%
39,286
-182
-0.5% -$9.3K
NAD icon
97
Nuveen Quality Municipal Income Fund
NAD
$2.78B
$1.93M 0.04%
168,972
– –
SU icon
98
Suncor Energy
SU
$70.3B
$1.93M 0.04%
60,344
-1,486
-2% -$48.5K
CSW
99
CSW Industrials
CSW
$5.71B
$1.87M 0.04%
9,000
-1,200
-12% -$218K
IRM icon
100
Iron Mountain
IRM
$36.1B
$1.85M 0.04%
26,450
-908
-3% -$57K
2 3
4
5 6

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Horizon Kinetics Asset Management's Q4 2023 Portfolio in Review

As of Q4 2023, Horizon Kinetics Asset Management held 347 positions worth $4.78B, down 5.4% from $5.05B the previous quarter. Its ten largest holdings account for 72% of the portfolio.

Horizon Kinetics Asset Management withdrew a net $283M in Q4 2023, closing 22 positions and reducing 178 holdings. Its most notable exit was CBRE Group, an estimated $20.5M position sold in full.

By sector, the portfolio is most concentrated in Energy at 50% of assets, down from 57% a quarter earlier, followed by Financials and Materials.

Against the trend, Horizon Kinetics Asset Management opened a new position in Eagle Materials worth $4.08M.

  • Horizon Kinetics Asset Management's largest Q4 2023 buy was Eagle Materials: 20,126 shares worth $4.08M.
  • Horizon Kinetics Asset Management added most to Vanguard Extended Market ETF in Q4 2023, an estimated $675K increase.
  • Horizon Kinetics Asset Management's biggest Q4 2023 reduction was Texas Pacific Land, cutting an estimated $71.3M.
  • Horizon Kinetics Asset Management fully exited CBRE Group in Q4 2023, selling an estimated $20.5M.
  • Horizon Kinetics Asset Management's ten largest holdings make up 72% of its $4.78B portfolio in Q4 2023.
  • Horizon Kinetics Asset Management opened 16 new positions and closed 22 in Q4 2023.
  • Horizon Kinetics Asset Management's portfolio value fell 5.4% quarter-over-quarter to $4.78B.

Based on Horizon Kinetics Asset Management's 13F filing for Q4 2023, filed 15 Feb 2024.