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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
-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
(-5.4%)
Cap. Flow
-$283M
Cap. Flow
% of AUM
-5.93%
Top 10 Holdings %
Top 10 Hldgs %
71.54%
Holding
347
New
16
Increased
48
Reduced
178
Closed
22
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Eagle Materials
EXP
|
+$3.54M |
| 2 |
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 |
Vanguard Extended Market ETF
VXF
|
+$675K |
| 5 |
Vanguard Ultra-Short Bond ETF
VUSB
|
+$659K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Texas Pacific Land
TPL
|
+$71.3M |
| 2 |
CBRE Group
CBRE
|
+$20.5M |
| 3 |
Wheaton Precious Metals
WPM
|
+$10.8M |
| 4 |
Intercontinental Exchange
ICE
|
+$10.4M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
151
Amgen
AMGN
$222B
| $1.06M | 0.02% |
3,677
-203
| -5% | -$55.3K |
|
152
RTX Corp
RTX
$301B
| $1.05M | 0.02% |
12,514
+150
| +1% | +$11.9K |
|
153
PIMCO Dynamic Income Fund
PDI
$7.42B
| $1.02M | 0.02% |
56,696
-9,650
| -15% | -$166K |
|
154
Nuveen Floating Rate Income Fund
JFR
$1.25B
| $993K | 0.02% |
120,831
| – | – |
|
|
RCG
155
RENN Fund
RCG
$21M
| $977K | 0.02% |
571,326
+16,864
| +3% | +$28.8K |
|
156
JPMorgan Ultra-Short Income ETF
JPST
$40.6B
| $967K | 0.02% |
19,261
-5,371
| -22% | -$270K |
|
157
GSK
GSK
$106B
| $933K | 0.02% |
25,165
+227
| +0.9% | +$8.15K |
|
158
CALL
ProShares VIX Short-Term Futures ETF
VIXY
$197M
| $932K | 0.02% |
5,825
+25
| +0.4% | +$2.02K |
|
159
Bank of America
BAC
$442B
| $932K | 0.02% |
27,675
-1,751
| -6% | -$51K |
|
160
Invesco S&P 500 Equal Weight ETF
RSP
$99.1B
| $928K | 0.02% |
5,878
+1,202
| +26% | +$175K |
|
161
GE Aerospace
GE
$384B
| $912K | 0.02% |
8,955
| – | – |
|
162
Marathon Petroleum
MPC
$83.7B
| $908K | 0.02% |
6,120
-100
| -2% | -$14.9K |
|
163
AstraZeneca
AZN
$250B
| $903K | 0.02% |
6,702
-287
| -4% | -$37.3K |
|
164
CMS Energy
CMS
$22.3B
| $899K | 0.02% |
15,475
+100
| +0.7% | +$5.58K |
|
165
Analog Devices
ADI
$190B
| $883K | 0.02% |
4,445
| – | – |
|
166
Star Bulk Carriers
SBLK
$3.22B
| $874K | 0.02% |
41,130
-9,679
| -19% | -$191K |
|
167
Qualcomm
QCOM
$176B
| $871K | 0.02% |
6,022
+1,012
| +20% | +$125K |
|
|
PFL
168
PIMCO Income Strategy Fund
PFL
$388M
| $836K | 0.02% |
99,091
| – | – |
|
169
Norfolk Southern
NSC
$75.1B
| $826K | 0.02% |
3,493
-639
| -15% | -$134K |
|
170
Biogen
BIIB
$30.7B
| $807K | 0.02% |
3,119
-131
| -4% | -$32.2K |
|
171
iShares Global Timber & Forestry ETF
WOOD
$274M
| $799K | 0.02% |
9,824
-610
| -6% | -$45.9K |
|
172
Newmont
NEM
$119B
| $798K | 0.02% |
19,283
-3,718
| -16% | -$144K |
|
|
BNRE.A
173
DELISTED
Brookfield Reinsurance Ltd. Class A-1 Exchangeable Non-Voting Shares
BNRE.A
| $778K | 0.02% |
+19,454
| New | +$723K |
|
174
Alphabet (Google) Class A
GOOGL
$4.33T
| $778K | 0.02% |
5,569
-202
| -4% | -$27.1K |
|
|
DSL
175
DoubleLine Income Solutions Fund
DSL
$1.24B
| $776K | 0.02% |
63,363
-17,910
| -22% | -$206K |
|
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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.