We are live on ! Find out more
HKAM

Horizon Kinetics Asset Management Portfolio holdings

AUM $9.23B
1-Year Est. Return 27.52%
This Fund
S&P 500
This Quarter Est. Return
-6.53%
1 Year Est. Return
+27.52%
3 Year Est. Return
+184.83%
5 Year Est. Return
+256.84%
10 Year Est. Return
–
AUM
$7.39B
AUM Growth
-$809M
Cap. Flow
-$167M
Cap. Flow %
-2.26%
Top 10 Hldgs %
73.65%
Holding
339
New
3
Increased
45
Reduced
197
Closed
15

Top Buys

Rank Stock Value
1
MIAX
Miami International Holdings
MIAX
+$19.5M
2
HE icon
Hawaiian Electric Industries
HE
+$13.2M
3
TFPM icon
Triple Flag Precious Metals
TFPM
+$12.5M
4
WBI
WaterBridge Infrastructure LLC
WBI
+$11.2M
5
RGLD icon
Royal Gold
RGLD
+$6.16M

Top Sells

Rank Stock Value
1
TPL icon
Texas Pacific Land
TPL
+$55.1M
2
BN icon
Brookfield
BN
+$40.6M
3
WPM icon
Wheaton Precious Metals
WPM
+$32M
4
AC
Associated Capital Group
AC
+$27M
5
WFG icon
West Fraser Timber
WFG
+$20.1M

Sector Composition

Rank Sector Weight
1 Energy 51.65%
2 Materials 9.85%
3 Financials 9.49%
4 Utilities 3.26%
5 Consumer Discretionary 2.66%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NVS icon
126
Novartis
NVS
$297B
$1.57M 0.02%
11,394
-403
-3% -$52.8K
VRSK icon
127
Verisk Analytics
VRSK
$25B
$1.57M 0.02%
7,000
– –
IRM icon
128
Iron Mountain
IRM
$36.1B
$1.53M 0.02%
18,405
-1,050
-5% -$98.3K
CRAI icon
129
CRA International
CRAI
$1.06B
$1.53M 0.02%
7,601
-153
-2% -$28.8K
ELS icon
130
Equity Lifestyle Properties
ELS
$12.6B
$1.51M 0.02%
24,970
-16,200
-39% -$1M
ARLP icon
131
Alliance Resource Partners
ARLP
$3.17B
$1.49M 0.02%
64,141
-1,219
-2% -$29.6K
GLD icon
132
SPDR Gold Trust
GLD
$142B
$1.44M 0.02%
3,643
-100
-3% -$38.2K
PFN
133
PIMCO Income Strategy Fund II
PFN
$703M
$1.44M 0.02%
191,463
– –
WPC icon
134
W.P. Carey
WPC
$16.4B
$1.42M 0.02%
22,000
-1,250
-5% -$83.2K
BNT
135
Brookfield Wealth Solutions
BNT
$12.2B
$1.41M 0.02%
30,737
-16,485
-35% -$751K
RMT
136
Royce Micro-Cap Trust
RMT
$761M
$1.4M 0.02%
134,227
– –
SEE
137
DELISTED
Sealed Air
SEE
$1.4M 0.02%
33,750
-3,300
-9% -$128K
NVDA icon
138
NVIDIA
NVDA
$5.42T
$1.38M 0.02%
7,410
-1,200
-14% -$223K
BNY
139
Bank of New York Mellon
BNY
$107B
$1.38M 0.02%
11,864
-100
-0.8% -$11.1K
KMI icon
140
Kinder Morgan
KMI
$68.7B
$1.37M 0.02%
49,923
-5,197
-9% -$140K
NRK icon
141
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$912M
$1.36M 0.02%
135,256
-732
-0.5% -$7.41K
FIS icon
142
Fidelity National Information Services
FIS
$22.1B
$1.35M 0.02%
20,350
-2,440
-11% -$161K
SON icon
143
Sonoco
SON
$5.74B
$1.34M 0.02%
30,613
+633
+2% +$26.2K
RIO icon
144
Rio Tinto
RIO
$164B
$1.31M 0.02%
16,316
– –
SVXY icon
145
ProShares Short VIX Short-Term Futures ETF
SVXY
$230M
$1.29M 0.02%
23,348
– –
BX icon
146
Blackstone
BX
$110B
$1.27M 0.02%
8,251
-138
-2% -$21K
ABT icon
147
Abbott
ABT
$187B
$1.26M 0.02%
10,051
-408
-4% -$52K
GSK icon
148
GSK
GSK
$106B
$1.22M 0.02%
24,892
-473
-2% -$22.1K
GDXJ icon
149
VanEck Junior Gold Miners ETF
GDXJ
$8.46B
$1.21M 0.02%
10,621
-266
-2% -$27.5K
HON icon
150
Honeywell
HON
$78B
$1.19M 0.02%
6,095
-887
-13% -$174K
4 5
6
7 8

Similar funds

SUT
SC US (TTGP) Menlo Park, California $9.25B AUM 20.49% 1-Year Est. Return
LCAM
London & Capital Asset Management London, United Kingdom $9.18B AUM 25.04% 1-Year Est. Return
IAA
Independent Advisor Alliance Charlotte, North Carolina $9.32B AUM 33.19% 1-Year Est. Return
SFM
Soros Fund Management New York $9.12B AUM 30.69% 1-Year Est. Return
WPL
WINDACRE PARTNERSHIP LLC Houston, Texas $9.34B AUM 17.41% 1-Year Est. Return
PVI
Partners Value Investments Hamilton, Bermuda $9.34B AUM 12.2% 1-Year Est. Return
AC
Allstate Corporation Northbrook, Illinois $9.35B AUM 16.13% 1-Year Est. Return
NPT
National Philanthropic Trust Jenkintown, Pennsylvania $9.38B AUM 33.37% 1-Year Est. Return

Horizon Kinetics Asset Management's Q4 2025 Portfolio in Review

As of Q4 2025, Horizon Kinetics Asset Management held 339 positions worth $7.39B, down 9.9% from $8.2B the previous quarter. Its ten largest holdings account for 74% of the portfolio.

Horizon Kinetics Asset Management's Q4 2025 filing shows 3 new, 45 increased, 197 reduced and 15 closed positions. Its largest new stake was Western Midstream Partners: 134,085 shares worth $5.3M. The largest sale was Texas Pacific Land, an estimated $55.1M.

By sector, the portfolio is most concentrated in Energy at 52% of assets, up from 51% a quarter earlier, followed by Materials and Financials.

  • Horizon Kinetics Asset Management's largest Q4 2025 buy was Western Midstream Partners: 134,085 shares worth $5.3M.
  • Horizon Kinetics Asset Management added most to Miami International Holdings in Q4 2025, an estimated $19.5M increase.
  • Horizon Kinetics Asset Management's biggest Q4 2025 reduction was Texas Pacific Land, cutting an estimated $55.1M.
  • Horizon Kinetics Asset Management fully exited Associated Capital Group in Q4 2025, selling an estimated $27M.
  • Horizon Kinetics Asset Management's ten largest holdings make up 74% of its $7.39B portfolio in Q4 2025.
  • Horizon Kinetics Asset Management opened 3 new positions and closed 15 in Q4 2025.
  • Horizon Kinetics Asset Management's portfolio value fell 9.9% quarter-over-quarter to $7.39B.

Based on Horizon Kinetics Asset Management's 13F filing for Q4 2025, filed 11 Feb 2026.