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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
-10.58%
1 Year Est. Return
+27.52%
3 Year Est. Return
+184.83%
5 Year Est. Return
+256.84%
10 Year Est. Return
–
AUM
$4.28B
AUM Growth
-$629M
Cap. Flow
-$23.6M
Cap. Flow %
-0.55%
Top 10 Hldgs %
63.35%
Holding
349
New
4
Increased
61
Reduced
158
Closed
11

Top Buys

Rank Stock Value
1
TRC icon
Tejon Ranch
TRC
+$7.39M
2
CRL icon
Charles River Laboratories
CRL
+$4.58M
3
FNV icon
Franco-Nevada
FNV
+$3.6M
4
ADM icon
Archer Daniels Midland
ADM
+$3.07M
5
ICE icon
Intercontinental Exchange
ICE
+$2.78M

Top Sells

Rank Stock Value
1
TPL icon
Texas Pacific Land
TPL
+$11.5M
2
ENOV icon
Enovis
ENOV
+$3.49M
3
HHH icon
Howard Hughes
HHH
+$2.23M
4
MKL icon
Markel Group
MKL
+$1.84M
5
BGC icon
BGC Group
BGC
+$1.83M

Sector Composition

Rank Sector Weight
1 Energy 47.72%
2 Financials 11.6%
3 Materials 9.56%
4 Consumer Discretionary 5.42%
5 Communication Services 4.86%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CXE
101
DELISTED
MFS High Income Municipal Trust
CXE
$2.57M 0.06%
488,614
– –
GDX icon
102
VanEck Gold Miners ETF
GDX
$27.4B
$2.53M 0.06%
85,910
-2,418
-3% -$78.8K
BSM icon
103
Black Stone Minerals
BSM
$3B
$2.49M 0.06%
206,347
-4,350
-2% -$46.1K
MSFT icon
104
Microsoft
MSFT
$3.71T
$2.46M 0.06%
8,736
-157
-2% -$45.7K
LGF.B
105
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
$2.44M 0.06%
187,335
-14,062
-7% -$185K
GDXJ icon
106
VanEck Junior Gold Miners ETF
GDXJ
$8.46B
$2.34M 0.05%
61,061
-511
-0.8% -$21.9K
PFE icon
107
Pfizer
PFE
$153B
$2.29M 0.05%
53,317
-1,100
-2% -$48.7K
ET icon
108
Energy Transfer Partners
ET
$69.3B
$2.25M 0.05%
234,695
+3,129
+1% +$30K
UNG icon
109
CALL
United States Natural Gas Fund
UNG
$478M
$2.25M 0.05%
25,250
+4,250
+20% +$256K
SPY icon
110
State Street SPDR S&P 500 ETF Trust
SPY
$810B
$2.24M 0.05%
5,223
-96
-2% -$42.3K
MHD icon
111
BlackRock MuniHoldings Fund
MHD
$606M
$2.2M 0.05%
134,194
– –
BIP icon
112
Brookfield Infrastructure Partners
BIP
$18B
$2.2M 0.05%
58,695
– –
MKTX icon
113
MarketAxess Holdings
MKTX
$5.72B
$2.17M 0.05%
5,154
– –
OPLN
114
Openlane
OPLN
$4.54B
$2.13M 0.05%
129,997
-2,457
-2% -$41.4K
PM icon
115
Philip Morris
PM
$295B
$2.12M 0.05%
22,308
-645
-3% -$64.9K
INFL icon
116
Horizon Kinetics Inflation Beneficiaries ETF
INFL
$1.53B
$2.08M 0.05%
71,330
+5,692
+9% +$170K
LHX icon
117
L3Harris
LHX
$53.4B
$2.08M 0.05%
9,435
-3
-0% -$682
CSCO icon
118
Cisco
CSCO
$479B
$2.04M 0.05%
37,507
-1,200
-3% -$67.3K
USO icon
119
CALL
United States Oil Fund
USO
$1.67B
$1.98M 0.05%
36,000
-110,800
-75% -$5.42M
SEE
120
DELISTED
Sealed Air
SEE
$1.94M 0.05%
35,385
-1,200
-3% -$69.7K
LLY icon
121
Eli Lilly
LLY
$1.06T
$1.94M 0.05%
8,386
– –
FNF icon
122
Fidelity National Financial
FNF
$13.5B
$1.92M 0.05%
44,133
-1,456
-3% -$64.6K
AAPL icon
123
Apple
AAPL
$4.57T
$1.92M 0.04%
13,574
-594
-4% -$87.5K
MANT
124
DELISTED
Mantech International Corp
MANT
$1.9M 0.04%
25,000
– –
PBT
125
Permian Basin Royalty Trust
PBT
$1.49B
$1.87M 0.04%
327,082
-6,825
-2% -$36.2K
3 4
5
6 7

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Horizon Kinetics Asset Management's Q3 2021 Portfolio in Review

As of Q3 2021, Horizon Kinetics Asset Management held 349 positions worth $4.28B, down 13% from $4.91B the previous quarter. Its ten largest holdings account for 63% of the portfolio.

Trading was light in Q3 2021: portfolio turnover was 4.3%. Horizon Kinetics Asset Management opened 4 new positions and exited 11, leaving the 349-position portfolio largely intact.

By sector, the portfolio is most concentrated in Energy at 48% of assets, down from 54% a quarter earlier, followed by Financials and Materials.

  • Horizon Kinetics Asset Management's largest Q3 2021 buy was Tejon Ranch: 415,895 shares worth $7.39M.
  • Horizon Kinetics Asset Management added most to Charles River Laboratories in Q3 2021, an estimated $4.58M increase.
  • Horizon Kinetics Asset Management's biggest Q3 2021 reduction was Texas Pacific Land, cutting an estimated $11.5M.
  • Horizon Kinetics Asset Management fully exited MSG Networks Inc. in Q3 2021, selling an estimated $1.31M.
  • Horizon Kinetics Asset Management's ten largest holdings make up 63% of its $4.28B portfolio in Q3 2021.
  • Horizon Kinetics Asset Management opened 4 new positions and closed 11 in Q3 2021.
  • Horizon Kinetics Asset Management's portfolio value fell 13% quarter-over-quarter to $4.28B.

Based on Horizon Kinetics Asset Management's 13F filing for Q3 2021, filed 15 Nov 2021.