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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
-6.91%
1 Year Est. Return
+27.52%
3 Year Est. Return
+184.83%
5 Year Est. Return
+256.84%
10 Year Est. Return
–
AUM
$4.64B
AUM Growth
-$565M
Cap. Flow
-$109M
Cap. Flow %
-2.35%
Top 10 Hldgs %
65.42%
Holding
341
New
7
Increased
67
Reduced
144
Closed
7

Top Buys

Rank Stock Value
1
CCJ icon
Cameco
CCJ
+$20.5M
2
VGSH icon
Vanguard Short-Term Treasury ETF
VGSH
+$4.81M
3
LLY icon
Eli Lilly
LLY
+$2.28M
4
MSGE icon
Madison Square Garden
MSGE
+$1.72M
5
SPAQ icon
Horizon Kinetics SPAC Active ETF
SPAQ
+$731K

Top Sells

Rank Stock Value
1
BN icon
Brookfield
BN
+$25.8M
2
IEP icon
Icahn Enterprises
IEP
+$22.1M
3
TPL icon
Texas Pacific Land
TPL
+$22M
4
CNS icon
Cohen & Steers
CNS
+$12.2M
5
WPM icon
Wheaton Precious Metals
WPM
+$6.13M

Sector Composition

Rank Sector Weight
1 Energy 48.05%
2 Materials 10.65%
3 Financials 8.97%
4 Consumer Discretionary 5.04%
5 Technology 4.85%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
QCOM icon
201
Qualcomm
QCOM
$176B
$596K 0.01%
5,010
+1,500
+43% +$172K
RYAM icon
202
Rayonier Advanced Materials
RYAM
$610M
$593K 0.01%
138,450
+13,000
+10% +$61.5K
MUE
203
DELISTED
BlackRock MuniHoldings Quality Fund II
MUE
$587K 0.01%
60,430
-350
-0.6% -$3.41K
RUM icon
204
RUM Group Inc
RUM
$1.76B
$577K 0.01%
64,707
-384
-0.6% -$3.62K
BSV icon
205
Vanguard Short-Term Bond ETF
BSV
$44.6B
$570K 0.01%
7,541
+63
+0.8% +$4.8K
ALNY icon
206
Alnylam Pharmaceuticals
ALNY
$29.3B
$570K 0.01%
3,000
– –
PPLI
207
People Inc
PPLI
$3.1B
$569K 0.01%
11,038
-983
-8% -$45K
LIN icon
208
Linde
LIN
$226B
$564K 0.01%
1,480
– –
REGN icon
209
Regeneron Pharmaceuticals
REGN
$80.8B
$550K 0.01%
765
– –
TFPM icon
210
Triple Flag Precious Metals
TFPM
$6.72B
$547K 0.01%
39,684
-3,600
-8% -$54.2K
IONS icon
211
Ionis Pharmaceuticals
IONS
$9.4B
$533K 0.01%
13,000
– –
BXMT icon
212
Blackstone Mortgage Trust
BXMT
$2.38B
$521K 0.01%
25,050
+4,010
+19% +$73.7K
VMI icon
213
Valmont Industries
VMI
$9.53B
$517K 0.01%
1,775
-300
-14% -$86.7K
GDX icon
214
VanEck Gold Miners ETF
GDX
$27.4B
$516K 0.01%
17,147
-858
-5% -$28K
BNY
215
Bank of New York Mellon
BNY
$107B
$506K 0.01%
11,364
+350
+3% +$15K
IBM icon
216
IBM
IBM
$224B
$492K 0.01%
3,680
+100
+3% +$12.9K
NSL
217
DELISTED
NUVEEN SENIOR INCM FD
NSL
$482K 0.01%
105,209
– –
UNP icon
218
Union Pacific
UNP
$174B
$481K 0.01%
2,350
– –
VTI icon
219
Vanguard Morningstar Total Stock Market ETF
VTI
$684B
$472K 0.01%
2,143
-291
-12% -$60.7K
AJG icon
220
Arthur J. Gallagher & Co
AJG
$63.6B
$469K 0.01%
2,134
+4
+0.2% +$832
MYI icon
221
BlackRock MuniYield Quality Fund III
MYI
$721M
$467K 0.01%
42,654
– –
OGN icon
222
Organon & Co
OGN
$3.57B
$465K 0.01%
22,326
+4,523
+25% +$98.3K
GHC icon
223
Graham Holdings Company
GHC
$5.02B
$461K 0.01%
806
-200
-20% -$116K
NBB icon
224
Nuveen Taxable Municipal Income Fund
NBB
$453M
$453K 0.01%
28,849
-286
-1% -$4.53K
BTZ icon
225
BlackRock Credit Allocation Income Trust
BTZ
$956M
$450K 0.01%
44,357
– –
7 8
9
10 11

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Horizon Kinetics Asset Management's Q2 2023 Portfolio in Review

As of Q2 2023, Horizon Kinetics Asset Management held 341 positions worth $4.64B, down 11% from $5.21B the previous quarter. Its ten largest holdings account for 65% of the portfolio.

Trading was light in Q2 2023: portfolio turnover was 4.1%. Horizon Kinetics Asset Management opened 7 new positions and exited 7, leaving the 341-position portfolio largely intact.

By sector, the portfolio is most concentrated in Energy at 48% of assets, down from 54% a quarter earlier, followed by Materials and Financials.

  • Horizon Kinetics Asset Management's largest Q2 2023 buy was Cameco: 728,312 shares worth $22.8M.
  • Horizon Kinetics Asset Management added most to Vanguard Short-Term Treasury ETF in Q2 2023, an estimated $4.81M increase.
  • Horizon Kinetics Asset Management's biggest Q2 2023 reduction was Brookfield, cutting an estimated $25.8M.
  • Horizon Kinetics Asset Management fully exited Icahn Enterprises in Q2 2023, selling an estimated $22.1M.
  • Horizon Kinetics Asset Management's ten largest holdings make up 65% of its $4.64B portfolio in Q2 2023.
  • Horizon Kinetics Asset Management opened 7 new positions and closed 7 in Q2 2023.
  • Horizon Kinetics Asset Management's portfolio value fell 11% quarter-over-quarter to $4.64B.

Based on Horizon Kinetics Asset Management's 13F filing for Q2 2023, filed 14 Aug 2023.