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Horizon Kinetics Asset Management Portfolio holdings

AUM $8.82B
1-Year Est. Return 23.05%
This Fund
S&P 500
This Quarter Est. Return
+37.23%
1 Year Est. Return
+23.05%
3 Year Est. Return
+192.13%
5 Year Est. Return
+221.88%
10 Year Est. Return
–
AUM
$9.23B
AUM Growth
+$1.84B
Cap. Flow
-$237M
Cap. Flow %
-2.57%
Top 10 Hldgs %
78.23%
Holding
367
New
43
Increased
88
Reduced
152
Closed
14

Top Buys

Rank Stock Value
1
MIAX
Miami International Holdings
MIAX
+$67.2M
2
HE icon
Hawaiian Electric Industries
HE
+$33.9M
3
WBI
WaterBridge Infrastructure LLC
WBI
+$12M
4
RBA icon
RB Global
RBA
+$8.39M
5
BOXX icon
Alpha Architect 1-3 Month Box ETF
BOXX
+$5.49M

Top Sells

Rank Stock Value
1
TPL icon
Texas Pacific Land
TPL
+$137M
2
WPM icon
Wheaton Precious Metals
WPM
+$102M
3
FNV icon
Franco-Nevada
FNV
+$52.2M
4
DBRG icon
DigitalBridge
DBRG
+$32.4M
5
RGLD icon
Royal Gold
RGLD
+$12.7M

Sector Composition

Rank Sector Weight
1 Energy 63.78%
2 Financials 7.83%
3 Materials 6.82%
4 Utilities 3.51%
5 Consumer Discretionary 1.99%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MHD icon
176
BlackRock MuniHoldings Fund
MHD
$604M
$841K 0.01%
74,530
+57,733
+344% +$679K
DHR icon
177
Danaher
DHR
$145B
$826K 0.01%
4,359
-57
-1% -$12.1K
SPY icon
178
State Street SPDR S&P 500 ETF Trust
SPY
$809B
$809K 0.01%
1,244
-50
-4% -$34K
BAC icon
179
Bank of America
BAC
$453B
$802K 0.01%
16,460
-4,100
-20% -$212K
AEHR icon
180
Aehr Test Systems
AEHR
$4.22B
$801K 0.01%
21,600
+300
+1% +$9.6K
RYAM icon
181
Rayonier Advanced Materials
RYAM
$561M
$758K 0.01%
68,500
-26,000
-28% -$235K
VXX icon
182
CALL
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$141M
$758K 0.01%
10,100
– –
IAU icon
183
iShares Gold Trust
IAU
$65.4B
$755K 0.01%
8,566
– –
ALNY icon
184
Alnylam Pharmaceuticals
ALNY
$30B
$752K 0.01%
2,272
-104
-4% -$35.4K
ALKS icon
185
Alkermes
ALKS
$8.44B
$746K 0.01%
21,099
-967
-4% -$30K
PFL
186
PIMCO Income Strategy Fund
PFL
$389M
$746K 0.01%
93,252
– –
MMM icon
187
3M
MMM
$94.8B
$726K 0.01%
5,000
-700
-12% -$111K
BRK.A icon
188
Berkshire Hathaway Class A
BRK.A
$1.09T
$718K 0.01%
1
– –
QCOM icon
189
Qualcomm
QCOM
$171B
$710K 0.01%
5,512
-722
-12% -$105K
SAN icon
190
Banco Santander
SAN
$211B
$703K 0.01%
62,310
-2,750
-4% -$32.8K
STZ icon
191
Constellation Brands
STZ
$22.9B
$701K 0.01%
4,673
– –
NEM icon
192
Newmont
NEM
$124B
$695K 0.01%
6,421
-1,392
-18% -$160K
LIN icon
193
Linde
LIN
$221B
$694K 0.01%
1,400
-40
-3% -$18.9K
L icon
194
Loews
L
$23.1B
$690K 0.01%
6,460
+1,000
+18% +$107K
XES icon
195
State Street SPDR S&P Oil & Gas Equipment & Services ETF
XES
$390M
$672K 0.01%
5,775
+85
+1% +$8.91K
EBAY icon
196
eBay
EBAY
$45.5B
$669K 0.01%
7,347
– –
GDXJ icon
197
VanEck Junior Gold Miners ETF
GDXJ
$8.59B
$667K 0.01%
5,556
-5,065
-48% -$662K
CRCL
198
Circle Internet Group
CRCL
$18.1B
$661K 0.01%
+6,932
New +$588K
FRA icon
199
BlackRock Floating Rate Income Strategies Fund
FRA
$392M
$653K 0.01%
59,291
– –
RYN icon
200
Rayonier
RYN
$6.47B
$630K 0.01%
30,536
+14,763
+94% +$325K
6 7
8
9 10

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PEA
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HI
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Horizon Kinetics Asset Management's Q1 2026 Portfolio in Review

As of Q1 2026, Horizon Kinetics Asset Management held 367 positions worth $9.23B, up 25% from $7.39B the previous quarter. Its ten largest holdings account for 78% of the portfolio.

Horizon Kinetics Asset Management's Q1 2026 filing shows 43 new, 88 increased, 152 reduced and 14 closed positions. Its largest new stake was Alpha Architect 1-3 Month Box ETF: 47,475 shares worth $5.52M. The largest sale was Texas Pacific Land, an estimated $137M.

By sector, the portfolio is most concentrated in Energy at 64% of assets, up from 52% a quarter earlier, followed by Financials and Materials.

  • Horizon Kinetics Asset Management's largest Q1 2026 buy was Alpha Architect 1-3 Month Box ETF: 47,475 shares worth $5.52M.
  • Horizon Kinetics Asset Management added most to Miami International Holdings in Q1 2026, an estimated $67.2M increase.
  • Horizon Kinetics Asset Management's biggest Q1 2026 reduction was Texas Pacific Land, cutting an estimated $137M.
  • Horizon Kinetics Asset Management fully exited PotlatchDeltic in Q1 2026, selling an estimated $933K.
  • Horizon Kinetics Asset Management's ten largest holdings make up 78% of its $9.23B portfolio in Q1 2026.
  • Horizon Kinetics Asset Management opened 43 new positions and closed 14 in Q1 2026.
  • Horizon Kinetics Asset Management's portfolio value rose 25% quarter-over-quarter to $9.23B.

Based on Horizon Kinetics Asset Management's 13F filing for Q1 2026, filed 15 May 2026.