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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
-4.58%
1 Year Est. Return
+27.52%
3 Year Est. Return
+184.83%
5 Year Est. Return
+256.84%
10 Year Est. Return
–
AUM
$3.32B
AUM Growth
-$298M
Cap. Flow
-$104M
Cap. Flow %
-3.14%
Top 10 Hldgs %
62.32%
Holding
498
New
5
Increased
93
Reduced
267
Closed
14

Top Buys

Rank Stock Value
1
ELS icon
Equity Lifestyle Properties
ELS
+$16.4M
2
WPM icon
Wheaton Precious Metals
WPM
+$16M
3
CACI icon
CACI
CACI
+$13.9M
4
FNV icon
Franco-Nevada
FNV
+$8.98M
5
BGC icon
BGC Group
BGC
+$3.84M

Top Sells

Rank Stock Value
1
GE icon
GE Aerospace
GE
+$21.5M
2
HHH icon
Howard Hughes
HHH
+$13.3M
3
IEP icon
Icahn Enterprises
IEP
+$12M
4
OAK
OAKTREE CAPITAL GROUP, LLC
OAK
+$11.3M
5
LBRDK icon
Liberty Broadband Class C
LBRDK
+$5.68M

Sector Composition

Rank Sector Weight
1 Energy 41.24%
2 Financials 11.69%
3 Communication Services 7.98%
4 Materials 7.75%
5 Real Estate 6.91%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RSP icon
176
Invesco S&P 500 Equal Weight ETF
RSP
$99.4B
$927K 0.03%
8,573
-584
-6% -$62.7K
AMGN icon
177
Amgen
AMGN
$221B
$916K 0.03%
4,731
– –
MDY icon
178
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$27.3B
$889K 0.03%
2,523
-2,219
-47% -$777K
GHC icon
179
Graham Holdings Company
GHC
$5.01B
$884K 0.03%
1,333
– –
GE icon
180
GE Aerospace
GE
$385B
$870K 0.03%
19,517
-457,227
-96% -$21.5M
BAX icon
181
Baxter International
BAX
$14.3B
$869K 0.03%
9,933
-200
-2% -$17.1K
FRA icon
182
BlackRock Floating Rate Income Strategies Fund
FRA
$385M
$864K 0.03%
68,428
– –
FCX icon
183
Freeport-McMoran
FCX
$97.2B
$862K 0.03%
90,021
+933
+1% +$9.58K
NSC icon
184
Norfolk Southern
NSC
$75.5B
$855K 0.03%
4,757
– –
NBH
185
Neuberger Municipal Fund Inc
NBH
$303M
$854K 0.03%
55,243
– –
GWW icon
186
W.W. Grainger
GWW
$60.4B
$852K 0.03%
2,867
-103
-3% -$28.6K
TLI
187
DELISTED
Western Asset Corporate Loan Fund Inc.
TLI
$850K 0.03%
89,524
-3,885
-4% -$37.1K
VNQ icon
188
Vanguard Real Estate ETF
VNQ
$38.9B
$841K 0.03%
9,021
+818
+10% +$74.3K
ABB
189
DELISTED
ABB Ltd
ABB
$840K 0.03%
42,703
+398
+0.9% +$7.59K
CVS icon
190
CVS Health
CVS
$122B
$830K 0.03%
13,161
+800
+6% +$47.4K
WBT
191
DELISTED
Welbilt, Inc.
WBT
$812K 0.02%
48,209
-2,151
-4% -$34.9K
VB icon
192
Vanguard Morningstar Small-Cap ETF
VB
$82.3B
$801K 0.02%
5,208
-6,384
-55% -$990K
SSP icon
193
E.W. Scripps
SSP
$307M
$797K 0.02%
60,000
– –
JEF icon
194
Jefferies Financial Group
JEF
$13B
$793K 0.02%
45,053
-4,646
-9% -$82.7K
VIAB
195
DELISTED
Viacom Inc. Class B
VIAB
$777K 0.02%
32,328
+1,378
+4% +$38.5K
SPGI icon
196
S&P Global
SPGI
$120B
$765K 0.02%
3,124
-152
-5% -$38K
TYG
197
Tortoise Energy Infrastructure Corp
TYG
$1.07B
$764K 0.02%
9,346
-2,550
-21% -$220K
BKI
198
DELISTED
Black Knight, Inc. Common Stock
BKI
$763K 0.02%
12,488
-298
-2% -$18.5K
ALCO icon
199
Alico
ALCO
$283M
$762K 0.02%
22,400
– –
TFX icon
200
Teleflex
TFX
$5.96B
$756K 0.02%
2,226
-212
-9% -$73.9K
6 7
8
9 10

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Horizon Kinetics Asset Management's Q3 2019 Portfolio in Review

As of Q3 2019, Horizon Kinetics Asset Management held 498 positions worth $3.32B, down 8.2% from $3.62B the previous quarter. Its ten largest holdings account for 62% of the portfolio.

Horizon Kinetics Asset Management withdrew a net $104M in Q3 2019, closing 14 positions and reducing 267 holdings. Its most notable exit was OAKTREE CAPITAL GROUP, LLC, an estimated $11.3M position sold in full.

By sector, the portfolio is most concentrated in Energy at 41% of assets, down from 46% a quarter earlier, followed by Financials and Communication Services.

Against the trend, Horizon Kinetics Asset Management opened a new position in StoneCo worth $535K.

  • Horizon Kinetics Asset Management's largest Q3 2019 buy was StoneCo: 15,391 shares worth $535K.
  • Horizon Kinetics Asset Management added most to Equity Lifestyle Properties in Q3 2019, an estimated $16.4M increase.
  • Horizon Kinetics Asset Management's biggest Q3 2019 reduction was GE Aerospace, cutting an estimated $21.5M.
  • Horizon Kinetics Asset Management fully exited OAKTREE CAPITAL GROUP, LLC in Q3 2019, selling an estimated $11.3M.
  • Horizon Kinetics Asset Management's ten largest holdings make up 62% of its $3.32B portfolio in Q3 2019.
  • Horizon Kinetics Asset Management opened 5 new positions and closed 14 in Q3 2019.
  • Horizon Kinetics Asset Management's portfolio value fell 8.2% quarter-over-quarter to $3.32B.

Based on Horizon Kinetics Asset Management's 13F filing for Q3 2019, filed 14 Nov 2019.