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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
LEN icon
176
Lennar Class A
LEN
$21.2B
$764K 0.02%
5,296
-78
-1% -$9.39K
GLD icon
177
SPDR Gold Trust
GLD
$142B
$756K 0.02%
3,953
– –
FRA icon
178
BlackRock Floating Rate Income Strategies Fund
FRA
$385M
$751K 0.02%
59,291
– –
EOG icon
179
EOG Resources
EOG
$70.7B
$728K 0.02%
6,018
-648
-10% -$80.7K
PARA
180
DELISTED
Paramount Global Class B
PARA
$721K 0.02%
48,761
-15,270
-24% -$204K
GDLC
181
Grayscale CoinDesk Crypto 5 ETF
GDLC
$359M
$712K 0.01%
41,029
-3,200
-7% -$55.6K
SLV icon
182
iShares Silver Trust
SLV
$30.9B
$711K 0.01%
32,663
– –
NRK icon
183
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$912M
$704K 0.01%
66,896
– –
NVDA icon
184
NVIDIA
NVDA
$5.42T
$693K 0.01%
14,000
-100
-0.7% -$4.63K
EBAY icon
185
eBay
EBAY
$49.8B
$686K 0.01%
15,728
-3,812
-20% -$158K
CRSP icon
186
CRISPR Therapeutics
CRSP
$5.17B
$669K 0.01%
10,682
-443
-4% -$24.5K
SJT
187
San Juan Basin Royalty Trust
SJT
$118M
$657K 0.01%
129,296
-15,355
-11% -$103K
REGN icon
188
Regeneron Pharmaceuticals
REGN
$80.8B
$646K 0.01%
735
-30
-4% -$24.7K
DGX icon
189
Quest Diagnostics
DGX
$26.3B
$641K 0.01%
4,650
– –
ALKS icon
190
Alkermes
ALKS
$8.25B
$639K 0.01%
23,033
-967
-4% -$25.1K
IONS icon
191
Ionis Pharmaceuticals
IONS
$9.4B
$631K 0.01%
12,476
-524
-4% -$25.1K
RQI icon
192
Cohen & Steers Quality Income Realty Fund
RQI
$1.69B
$627K 0.01%
51,233
-3,000
-6% -$31.9K
BNY
193
Bank of New York Mellon
BNY
$107B
$612K 0.01%
11,764
+400
+4% +$18.4K
MUE
194
DELISTED
BlackRock MuniHoldings Quality Fund II
MUE
$606K 0.01%
60,430
– –
LIN icon
195
Linde
LIN
$226B
$600K 0.01%
1,460
– –
SYK icon
196
Stryker
SYK
$130B
$599K 0.01%
2,000
– –
BXMT icon
197
Blackstone Mortgage Trust
BXMT
$2.38B
$597K 0.01%
28,050
– –
LSXMA
198
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
$595K 0.01%
20,711
-123,138
-86% -$3.22M
IBM icon
199
IBM
IBM
$224B
$594K 0.01%
3,630
-50
-1% -$7.55K
BSV icon
200
Vanguard Short-Term Bond ETF
BSV
$45.6B
$581K 0.01%
7,541
– –
6 7
8
9 10

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LCAM
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IAA
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SFM
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WPL
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PVI
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AC
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NPT
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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.