We are live on ! Find out more
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
-1.05%
1 Year Est. Return
+27.52%
3 Year Est. Return
+184.83%
5 Year Est. Return
+256.84%
10 Year Est. Return
–
AUM
$8.43B
AUM Growth
-$382M
Cap. Flow
+$187M
Cap. Flow %
2.22%
Top 10 Hldgs %
77.21%
Holding
363
New
17
Increased
101
Reduced
145
Closed
11

Top Buys

Rank Stock Value
1
LNG icon
Cheniere Energy
LNG
+$112M
2
HE icon
Hawaiian Electric Industries
HE
+$37.8M
3
GLXY
Galaxy Digital Inc
GLXY
+$27.7M
4
PBT
Permian Basin Royalty Trust
PBT
+$18.1M
5
ARIS
Aris Water Solutions
ARIS
+$15.6M

Top Sells

Rank Stock Value
1
TPL icon
Texas Pacific Land
TPL
+$21.5M
2
CACI icon
CACI
CACI
+$12.4M
3
GBTC icon
Grayscale Bitcoin Trust
GBTC
+$11.3M
4
MSTR icon
Strategy Inc
MSTR
+$5.83M
5
AN icon
AutoNation
AN
+$3.38M

Sector Composition

Rank Sector Weight
1 Energy 54.42%
2 Materials 7.69%
3 Financials 7.42%
4 Utilities 2.67%
5 Consumer Discretionary 2.58%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SYK icon
201
Stryker
SYK
$130B
$791K 0.01%
2,000
– –
VMI icon
202
Valmont Industries
VMI
$9.53B
$776K 0.01%
2,376
-199
-8% -$61K
TW icon
203
Tradeweb Markets
TW
$21.6B
$773K 0.01%
5,283
+530
+11% +$73.9K
EBAY icon
204
eBay
EBAY
$49.8B
$747K 0.01%
10,028
-3,207
-24% -$227K
CM icon
205
Canadian Imperial Bank of Commerce
CM
$108B
$744K 0.01%
10,500
– –
BRK.A icon
206
Berkshire Hathaway Class A
BRK.A
$1.12T
$729K 0.01%
1
– –
DIS icon
207
Walt Disney
DIS
$181B
$727K 0.01%
5,865
+160
+3% +$16.6K
WY icon
208
Weyerhaeuser
WY
$18.4B
$726K 0.01%
28,274
-662
-2% -$17.3K
DOW icon
209
Dow Inc
DOW
$21.2B
$719K 0.01%
27,163
+3,792
+16% +$110K
JPM icon
210
JPMorgan Chase
JPM
$950B
$697K 0.01%
2,405
-510
-17% -$130K
MDLZ icon
211
Mondelez International
MDLZ
$79.9B
$697K 0.01%
10,328
-950
-8% -$63.4K
DSL
212
DoubleLine Income Solutions Fund
DSL
$1.24B
$686K 0.01%
56,052
-1,665
-3% -$20K
GBX icon
213
The Greenbrier Companies
GBX
$1.46B
$677K 0.01%
14,700
+750
+5% +$33.6K
KRP icon
214
Kimbell Royalty Partners
KRP
$1.48B
$641K 0.01%
45,898
-30,476
-40% -$399K
ALKS icon
215
Alkermes
ALKS
$8.25B
$631K 0.01%
22,066
-967
-4% -$28.8K
AJG icon
216
Arthur J. Gallagher & Co
AJG
$63.6B
$626K 0.01%
1,957
– –
LLYVK icon
217
Liberty Live Group Series C
LLYVK
$9.46B
$626K 0.01%
7,718
-783
-9% -$57.8K
XES icon
218
State Street SPDR S&P Oil & Gas Equipment & Services ETF
XES
$364M
$615K 0.01%
9,697
-3,989
-29% -$246K
MVF
219
DELISTED
BlackRock MuniVest Fund
MVF
$612K 0.01%
+93,068
New +$628K
C icon
220
Citigroup
C
$226B
$603K 0.01%
7,089
– –
MUE
221
DELISTED
BlackRock MuniHoldings Quality Fund II
MUE
$589K 0.01%
61,530
– –
BSV icon
222
Vanguard Short-Term Bond ETF
BSV
$44.6B
$589K 0.01%
7,478
– –
LEN icon
223
Lennar Class A
LEN
$21.2B
$587K 0.01%
5,308
+2
+0% +$217
URI icon
224
United Rentals
URI
$72.4B
$570K 0.01%
756
+356
+89% +$238K
ENB icon
225
Enbridge
ENB
$112B
$568K 0.01%
12,532
– –
7 8
9
10 11

Similar funds

SUT
SC US (TTGP) Menlo Park, California $9.25B AUM 20.49% 1-Year Est. Return
LCAM
London & Capital Asset Management London, United Kingdom $9.18B AUM 25.04% 1-Year Est. Return
IAA
Independent Advisor Alliance Charlotte, North Carolina $9.32B AUM 33.19% 1-Year Est. Return
SFM
Soros Fund Management New York $9.12B AUM 30.69% 1-Year Est. Return
WPL
WINDACRE PARTNERSHIP LLC Houston, Texas $9.34B AUM 17.41% 1-Year Est. Return
PVI
Partners Value Investments Hamilton, Bermuda $9.34B AUM 12.2% 1-Year Est. Return
AC
Allstate Corporation Northbrook, Illinois $9.35B AUM 16.13% 1-Year Est. Return
NPT
National Philanthropic Trust Jenkintown, Pennsylvania $9.38B AUM 33.37% 1-Year Est. Return

Horizon Kinetics Asset Management's Q2 2025 Portfolio in Review

As of Q2 2025, Horizon Kinetics Asset Management held 363 positions worth $8.43B, down 4.3% from $8.81B the previous quarter. Its ten largest holdings account for 77% of the portfolio.

Horizon Kinetics Asset Management's Q2 2025 filing shows 17 new, 101 increased, 145 reduced and 11 closed positions. Its largest new stake was Cheniere Energy: 484,912 shares worth $118M. The largest sale was Texas Pacific Land, an estimated $21.5M.

By sector, the portfolio is most concentrated in Energy at 54% of assets, down from 63% a quarter earlier, followed by Materials and Financials.

  • Horizon Kinetics Asset Management's largest Q2 2025 buy was Cheniere Energy: 484,912 shares worth $118M.
  • Horizon Kinetics Asset Management added most to Hawaiian Electric Industries in Q2 2025, an estimated $37.8M increase.
  • Horizon Kinetics Asset Management's biggest Q2 2025 reduction was Texas Pacific Land, cutting an estimated $21.5M.
  • Horizon Kinetics Asset Management fully exited iShares Russell 2000 ETF in Q2 2025, selling an estimated $590K.
  • Horizon Kinetics Asset Management's ten largest holdings make up 77% of its $8.43B portfolio in Q2 2025.
  • Horizon Kinetics Asset Management opened 17 new positions and closed 11 in Q2 2025.
  • Horizon Kinetics Asset Management's portfolio value fell 4.3% quarter-over-quarter to $8.43B.

Based on Horizon Kinetics Asset Management's 13F filing for Q2 2025, filed 12 Aug 2025.