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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
TD icon
126
Toronto Dominion Bank
TD
$200B
$1.34M 0.03%
20,700
+250
+1% +$15K
GOOG icon
127
Alphabet (Google) Class C
GOOG
$4.32T
$1.33M 0.03%
9,445
+242
+3% +$32.8K
RMT
128
Royce Micro-Cap Trust
RMT
$761M
$1.32M 0.03%
143,317
– –
SPY icon
129
State Street SPDR S&P 500 ETF Trust
SPY
$810B
$1.3M 0.03%
2,730
-34
-1% -$15.1K
HON icon
130
Honeywell
HON
$78B
$1.29M 0.03%
6,528
-10
-0.2% -$1.8K
BX icon
131
Blackstone
BX
$110B
$1.29M 0.03%
9,850
-50
-0.5% -$5.41K
WPC icon
132
W.P. Carey
WPC
$16.4B
$1.28M 0.03%
19,800
+3,668
+23% +$211K
REZI icon
133
Resideo Technologies
REZI
$3.95B
$1.28M 0.03%
67,846
-164
-0.2% -$2.68K
FHI icon
134
Federated Hermes
FHI
$4.72B
$1.27M 0.03%
37,486
-4,185
-10% -$136K
SON icon
135
Sonoco
SON
$5.74B
$1.27M 0.03%
22,650
+200
+0.9% +$10.8K
BATRA icon
136
Atlanta Braves Holdings Series A
BATRA
$3.43B
$1.25M 0.03%
29,205
-170
-0.6% -$6.81K
KRBN icon
137
KraneShares Global Carbon Strategy ETF
KRBN
$133M
$1.25M 0.03%
34,130
-890
-3% -$31.9K
MTA
138
Metalla Royalty & Streaming
MTA
$818M
$1.23M 0.03%
399,518
+900
+0.2% +$2.68K
MUI
139
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
$1.23M 0.03%
105,461
– –
MCD icon
140
McDonald's
MCD
$195B
$1.22M 0.03%
4,107
– –
GDXJ icon
141
VanEck Junior Gold Miners ETF
GDXJ
$8.46B
$1.2M 0.03%
31,719
-1,550
-5% -$54.7K
NVS icon
142
Novartis
NVS
$297B
$1.19M 0.02%
11,797
-403
-3% -$38.9K
BIP icon
143
Brookfield Infrastructure Partners
BIP
$18B
$1.18M 0.02%
37,571
-3,897
-9% -$106K
KRP icon
144
Kimbell Royalty Partners
KRP
$1.48B
$1.17M 0.02%
77,423
+6,261
+9% +$98.1K
MDLZ icon
145
Mondelez International
MDLZ
$79.9B
$1.15M 0.02%
15,891
-519
-3% -$35.6K
V icon
146
Visa
V
$677B
$1.13M 0.02%
4,339
– –
ABT icon
147
Abbott
ABT
$187B
$1.12M 0.02%
10,191
-175
-2% -$17.5K
BGC icon
148
BGC Group
BGC
$4.89B
$1.11M 0.02%
153,454
-2,384
-2% -$14.8K
CVS icon
149
CVS Health
CVS
$122B
$1.09M 0.02%
13,857
-383
-3% -$27.3K
DBL
150
DoubleLine Opportunistic Credit Fund
DBL
$280M
$1.09M 0.02%
70,809
– –
4 5
6
7 8

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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.