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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
-31.96%
1 Year Est. Return
+27.52%
3 Year Est. Return
+184.83%
5 Year Est. Return
+256.84%
10 Year Est. Return
–
AUM
$2.26B
AUM Growth
-$1.27B
(-36%)
Cap. Flow
+$131M
Cap. Flow
% of AUM
5.8%
Top 10 Holdings %
Top 10 Hldgs %
57.56%
Holding
493
New
17
Increased
115
Reduced
204
Closed
111
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ProShares Short VIX Short-Term Futures ETF
SVXY
|
+$65.9M |
| 2 |
iShares MSCI ACWI ETF
ACWI
|
+$42.4M |
| 3 |
Brookfield
BN
|
+$33.5M |
| 4 |
iShares 0-1 Year Treasury Bond ETF
SHV
|
+$19.2M |
| 5 |
iShares Mortgage Real Estate ETF
REM
|
+$10.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Texas Pacific Land
TPL
|
+$23.2M |
| 2 |
Howard Hughes
HHH
|
+$13.1M |
| 3 |
Icahn Enterprises
IEP
|
+$8.48M |
| 4 |
LSXMK
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
|
+$7.98M |
| 5 |
Live Nation Entertainment
LYV
|
+$5.72M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 34.29% |
| 2 | Financials | 12.41% |
| 3 | Materials | 11.03% |
| 4 | Communication Services | 8.07% |
| 5 | Technology | 6.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Texas Pacific Land
TPL
$26.9B
| $661M | 29.27% |
15,656,877
-317,043
| -2% | -$23.2M |
|
2
Franco-Nevada
FNV
$41.9B
| $112M | 4.95% |
1,123,031
-9,762
| -0.9% | -$1.06M |
|
3
Wheaton Precious Metals
WPM
$50.5B
| $95.6M | 4.23% |
3,472,301
-102,462
| -3% | -$2.96M |
|
4
CACI
CACI
$10.8B
| $88.4M | 3.91% |
418,563
+26,463
| +7% | +$6.58M |
|
|
5
Howard Hughes
HHH
$3.97B
| $69.7M | 3.08% |
1,446,446
-131,023
| -8% | -$13.1M |
|
|
LSXMK
6
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $59.9M | 2.65% |
2,488,382
-238,315
| -9% | -$7.98M |
|
|
7
Brookfield
BN
$103B
| $59.9M | 2.65% |
5,691,949
+1,629,794
| +40% | +$33.5M |
|
|
8
Icahn Enterprises
IEP
$5.11B
| $59.7M | 2.64% |
1,232,437
-140,260
| -10% | -$8.48M |
|
9
Liberty Broadband Class C
LBRDK
$4.9B
| $48.4M | 2.14% |
437,209
-36,102
| -8% | -$4.49M |
|
10
Cboe Global Markets
CBOE
$32.1B
| $45.6M | 2.02% |
510,431
-16,129
| -3% | -$1.81M |
|
11
PUT
NVIDIA
NVDA
$4.71T
| $44.4M | 1.97% |
+16,048,000
| New | +$101M |
|
|
AC
12
DELISTED
Associated Capital Group
AC
| $44.3M | 1.96% |
1,456,374
-10,290
| -0.7% | -$412K |
|
13
Wendy's
WEN
$1.48B
| $40M | 1.77% |
2,689,944
+239,510
| +10% | +$4.71M |
|
|
14
Live Nation Entertainment
LYV
$42.6B
| $39.5M | 1.75% |
869,842
-92,653
| -10% | -$5.72M |
|
15
Saic
SAIC
$4.96B
| $38.1M | 1.69% |
510,588
-38,604
| -7% | -$3.22M |
|
|
16
ProShares Short VIX Short-Term Futures ETF
SVXY
$222M
| $37.4M | 1.66% |
+2,414,666
| New | +$65.9M |
|
|
17
iShares MSCI ACWI ETF
ACWI
$32.4B
| $35.8M | 1.58% |
+571,930
| New | +$42.4M |
|
18
CME Group
CME
$95.2B
| $32.6M | 1.44% |
188,443
-7,972
| -4% | -$1.59M |
|
19
Cheniere Energy
LNG
$53.9B
| $24.2M | 1.07% |
722,563
+114,388
| +19% | +$5.86M |
|
20
Vanguard Short-Term Treasury ETF
VGSH
$29.3B
| $22M | 0.98% |
353,330
-24,340
| -6% | -$1.49M |
|
|
LSXMA
21
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $20.2M | 0.9% |
884,202
-119,642
| -12% | -$3.78M |
|
|
22
iShares 0-1 Year Treasury Bond ETF
SHV
$20.8B
| $19.2M | 0.85% |
+173,209
| New | +$19.2M |
|
23
Berkshire Hathaway Class B
BRK.B
$1.1T
| $18.3M | 0.81% |
100,099
-4,429
| -4% | -$941K |
|
24
Royal Gold
RGLD
$16.8B
| $18M | 0.8% |
205,317
-15,434
| -7% | -$1.59M |
|
25
Civeo
CVEO
$354M
| $17.5M | 0.78% |
3,541,271
+500,138
| +16% | +$6.65M |
|
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Horizon Kinetics Asset Management's Q1 2020 Portfolio in Review
As of Q1 2020, Horizon Kinetics Asset Management held 493 positions worth $2.26B, down 36% from $3.52B the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Horizon Kinetics Asset Management deployed $131M of net new capital in Q1 2020, opening 17 new positions and adding to 115 existing holdings. Its largest new stake was ProShares Short VIX Short-Term Futures ETF: 2,414,666 shares worth $37.4M.
By sector, the portfolio is most concentrated in Energy at 34% of assets, down from 45% a quarter earlier, followed by Financials and Materials.
On the sell side, the largest reduction was Texas Pacific Land, an estimated $23.2M trimmed.
- Horizon Kinetics Asset Management's largest Q1 2020 buy was ProShares Short VIX Short-Term Futures ETF: 2,414,666 shares worth $37.4M.
- Horizon Kinetics Asset Management added most to Brookfield in Q1 2020, an estimated $33.5M increase.
- Horizon Kinetics Asset Management's biggest Q1 2020 reduction was Texas Pacific Land, cutting an estimated $23.2M.
- Horizon Kinetics Asset Management fully exited State Street SPDR S&P MIDCAP 400 ETF Trust in Q1 2020, selling an estimated $786K.
- Horizon Kinetics Asset Management's ten largest holdings make up 58% of its $2.26B portfolio in Q1 2020.
- Horizon Kinetics Asset Management opened 17 new positions and closed 111 in Q1 2020.
- Horizon Kinetics Asset Management's portfolio value fell 36% quarter-over-quarter to $2.26B.
Based on Horizon Kinetics Asset Management's 13F filing for Q1 2020, filed 13 May 2020.