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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
-3.14%
1 Year Est. Return
+27.52%
3 Year Est. Return
+184.83%
5 Year Est. Return
+256.84%
10 Year Est. Return
–
AUM
$2.49B
AUM Growth
-$271M
(-9.8%)
Cap. Flow
-$143M
Cap. Flow
% of AUM
-5.74%
Top 10 Holdings %
Top 10 Hldgs %
55.63%
Holding
428
New
23
Increased
87
Reduced
173
Closed
66
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
MSB
Mesabi Trust
MSB
|
+$10.5M |
| 2 |
iShares Silver Trust
SLV
|
+$3.51M |
| 3 |
iShares Global Timber & Forestry ETF
WOOD
|
+$3.16M |
| 4 |
Intercontinental Exchange
ICE
|
+$3.14M |
| 5 |
SPDR Gold Trust
GLD
|
+$2.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Texas Pacific Land
TPL
|
+$31.1M |
| 2 |
Icahn Enterprises
IEP
|
+$13.2M |
| 3 |
ProShares Short VIX Short-Term Futures ETF
SVXY
|
+$10.4M |
| 4 |
Wheaton Precious Metals
WPM
|
+$9.79M |
| 5 |
Howard Hughes
HHH
|
+$7.53M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 33.81% |
| 2 | Financials | 13.83% |
| 3 | Materials | 13.24% |
| 4 | Communication Services | 7.1% |
| 5 | Consumer Discretionary | 5.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Texas Pacific Land
TPL
$27.2B
| $742M | 29.79% |
14,793,363
-520,641
| -3% | -$31.1M |
|
|
2
Wheaton Precious Metals
WPM
$49.7B
| $134M | 5.39% |
2,737,079
-191,990
| -7% | -$9.79M |
|
3
Franco-Nevada
FNV
$40.8B
| $114M | 4.56% |
814,298
-23,787
| -3% | -$3.53M |
|
4
CACI
CACI
$11.2B
| $84.2M | 3.38% |
394,976
+2,194
| +0.6% | +$474K |
|
5
Brookfield
BN
$102B
| $57.9M | 2.32% |
3,272,394
-190,435
| -5% | -$3.4M |
|
|
6
Intercontinental Exchange
ICE
$85.1B
| $54.9M | 2.2% |
548,743
+31,860
| +6% | +$3.14M |
|
|
7
Howard Hughes
HHH
$3.98B
| $54.8M | 2.2% |
997,941
-141,003
| -12% | -$7.53M |
|
8
Wendy's
WEN
$1.42B
| $53M | 2.13% |
2,377,253
-191,673
| -7% | -$4.22M |
|
|
AC
9
DELISTED
Associated Capital Group
AC
| $50.3M | 2.02% |
1,392,882
-26,712
| -2% | -$1.02M |
|
10
Cboe Global Markets
CBOE
$30.8B
| $40.9M | 1.64% |
465,849
-20,014
| -4% | -$1.8M |
|
|
11
ProShares Short VIX Short-Term Futures ETF
SVXY
$223M
| $40.7M | 1.63% |
2,294,520
-604,546
| -21% | -$10.4M |
|
12
Live Nation Entertainment
LYV
$42.1B
| $39.5M | 1.58% |
732,380
-109,184
| -13% | -$5.63M |
|
|
13
Icahn Enterprises
IEP
$5.2B
| $38.8M | 1.56% |
787,077
-262,213
| -25% | -$13.2M |
|
14
Liberty Broadband Class C
LBRDK
$4.61B
| $38M | 1.53% |
266,167
-30,286
| -10% | -$4.16M |
|
|
LSXMK
15
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $36.4M | 1.46% |
1,422,434
-231,099
| -14% | -$6.26M |
|
16
Saic
SAIC
$5.09B
| $34.9M | 1.4% |
444,897
-22,684
| -5% | -$1.79M |
|
17
CME Group
CME
$93B
| $28.6M | 1.15% |
171,064
-11,541
| -6% | -$1.94M |
|
18
Cheniere Energy
LNG
$53.1B
| $27.9M | 1.12% |
602,180
-47,769
| -7% | -$2.42M |
|
19
Charles River Laboratories
CRL
$11.5B
| $26M | 1.04% |
114,607
+654
| +0.6% | +$136K |
|
20
Civeo
CVEO
$376M
| $25.9M | 1.04% |
3,196,418
-156,814
| -5% | -$1.4M |
|
|
MSB
21
Mesabi Trust
MSB
$308M
| $24.2M | 0.97% |
1,142,665
+555,892
| +95% | +$10.5M |
|
|
SAND
22
DELISTED
Sandstorm Gold
SAND
| $22.8M | 0.92% |
2,706,364
+30,957
| +1% | +$287K |
|
23
AutoNation
AN
$7.18B
| $22M | 0.88% |
415,783
+5
| +0% | +$261 |
|
24
Royal Gold
RGLD
$16.8B
| $22M | 0.88% |
182,978
-6,479
| -3% | -$851K |
|
|
INFO
25
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $18.9M | 0.76% |
240,425
+1,781
| +0.7% | +$142K |
|
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Horizon Kinetics Asset Management's Q3 2020 Portfolio in Review
As of Q3 2020, Horizon Kinetics Asset Management held 428 positions worth $2.49B, down 9.8% from $2.76B the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Horizon Kinetics Asset Management withdrew a net $143M in Q3 2020, closing 66 positions and reducing 173 holdings. Its most notable exit was BP, an estimated $1.14M position sold in full.
By sector, the portfolio is most concentrated in Energy at 34% of assets, down from 41% a quarter earlier, followed by Financials and Materials.
Against the trend, Horizon Kinetics Asset Management opened a new position in iShares Global Timber & Forestry ETF worth $3.26M.
- Horizon Kinetics Asset Management's largest Q3 2020 buy was iShares Global Timber & Forestry ETF: 50,490 shares worth $3.26M.
- Horizon Kinetics Asset Management added most to Mesabi Trust in Q3 2020, an estimated $10.5M increase.
- Horizon Kinetics Asset Management's biggest Q3 2020 reduction was Texas Pacific Land, cutting an estimated $31.1M.
- Horizon Kinetics Asset Management fully exited BP in Q3 2020, selling an estimated $1.14M.
- Horizon Kinetics Asset Management's ten largest holdings make up 56% of its $2.49B portfolio in Q3 2020.
- Horizon Kinetics Asset Management opened 23 new positions and closed 66 in Q3 2020.
- Horizon Kinetics Asset Management's portfolio value fell 9.8% quarter-over-quarter to $2.49B.
Based on Horizon Kinetics Asset Management's 13F filing for Q3 2020, filed 16 Nov 2020.