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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
+33.38%
1 Year Est. Return
+27.52%
3 Year Est. Return
+184.83%
5 Year Est. Return
+256.84%
10 Year Est. Return
–
AUM
$3B
AUM Growth
+$511M
(+21%)
Cap. Flow
-$168M
Cap. Flow
% of AUM
-5.6%
Top 10 Holdings %
Top 10 Hldgs %
60.38%
Holding
371
New
9
Increased
46
Reduced
209
Closed
24
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
MSB
Mesabi Trust
MSB
|
+$7.07M |
| 2 |
Liberty Broadband Class C
LBRDK
|
+$4.64M |
| 3 |
Archer Daniels Midland
ADM
|
+$4.61M |
| 4 |
ProShares Short VIX Short-Term Futures ETF
SVXY
|
+$3.61M |
| 5 |
CTT
CATCHMARK TIMBER TRUST, INC.
CTT
|
+$2.13M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Texas Pacific Land
TPL
|
+$21.4M |
| 2 |
Wheaton Precious Metals
WPM
|
+$9.08M |
| 3 |
GLIBA
GCI Liberty, Inc. Class A Common Stock (DE)
GLIBA
|
+$8.07M |
| 4 |
Icahn Enterprises
IEP
|
+$6.81M |
| 5 |
Howard Hughes
HHH
|
+$6.49M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 42.19% |
| 2 | Financials | 12.07% |
| 3 | Materials | 9.7% |
| 4 | Communication Services | 6.6% |
| 5 | Consumer Discretionary | 5.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Texas Pacific Land
TPL
$26.9B
| $1.17B | 38.89% |
14,456,637
-336,726
| -2% | -$21.4M |
|
|
2
Wheaton Precious Metals
WPM
$50.1B
| $106M | 3.52% |
2,533,743
-203,336
| -7% | -$9.08M |
|
3
Franco-Nevada
FNV
$40.8B
| $96.1M | 3.2% |
766,828
-47,470
| -6% | -$6.41M |
|
4
CACI
CACI
$11.3B
| $95.9M | 3.19% |
384,579
-10,397
| -3% | -$2.4M |
|
|
5
Howard Hughes
HHH
$3.96B
| $67.8M | 2.26% |
901,101
-96,840
| -10% | -$6.49M |
|
6
Brookfield
BN
$104B
| $67.8M | 2.26% |
3,069,409
-202,985
| -6% | -$4.06M |
|
7
Intercontinental Exchange
ICE
$86.1B
| $62.9M | 2.09% |
545,449
-3,294
| -0.6% | -$342K |
|
|
8
ProShares Short VIX Short-Term Futures ETF
SVXY
$225M
| $51.4M | 1.71% |
2,481,290
+186,770
| +8% | +$3.61M |
|
9
Live Nation Entertainment
LYV
$42.1B
| $49.9M | 1.66% |
678,543
-53,837
| -7% | -$3.4M |
|
10
Wendy's
WEN
$1.43B
| $47.9M | 1.59% |
2,183,150
-194,103
| -8% | -$4.42M |
|
|
11
Liberty Broadband Class C
LBRDK
$4.66B
| $47M | 1.56% |
296,667
+30,500
| +11% | +$4.64M |
|
|
AC
12
DELISTED
Associated Capital Group
AC
| $46.8M | 1.56% |
1,332,955
-59,927
| -4% | -$2.14M |
|
|
LSXMK
13
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $42.9M | 1.43% |
1,271,466
-150,968
| -11% | -$4.6M |
|
14
Civeo
CVEO
$373M
| $42M | 1.4% |
3,023,090
-173,328
| -5% | -$2.06M |
|
15
Cboe Global Markets
CBOE
$30.9B
| $41.2M | 1.37% |
442,060
-23,789
| -5% | -$2.08M |
|
|
MSB
16
Mesabi Trust
MSB
$301M
| $40.2M | 1.34% |
1,433,301
+290,636
| +25% | +$7.07M |
|
17
Saic
SAIC
$5.16B
| $39.5M | 1.31% |
417,095
-27,802
| -6% | -$2.44M |
|
|
18
Icahn Enterprises
IEP
$5.24B
| $33.1M | 1.1% |
653,261
-133,816
| -17% | -$6.81M |
|
19
Cheniere Energy
LNG
$52.5B
| $30.1M | 1% |
501,429
-100,751
| -17% | -$5.4M |
|
20
Charles River Laboratories
CRL
$11.4B
| $27.9M | 0.93% |
111,718
-2,889
| -3% | -$688K |
|
21
CME Group
CME
$93.5B
| $27.8M | 0.93% |
152,900
-18,164
| -11% | -$3.09M |
|
22
AutoNation
AN
$7.24B
| $27.8M | 0.93% |
398,192
-17,591
| -4% | -$1.11M |
|
|
INFO
23
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $21.1M | 0.7% |
234,803
-5,622
| -2% | -$487K |
|
24
Boeing
BA
$175B
| $20.3M | 0.67% |
94,679
-2,581
| -3% | -$496K |
|
25
PayPal
PYPL
$51.7B
| $19.9M | 0.66% |
84,797
-408
| -0.5% | -$84.5K |
|
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LCAM
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SFM
WPL
Horizon Kinetics Asset Management's Q4 2020 Portfolio in Review
As of Q4 2020, Horizon Kinetics Asset Management held 371 positions worth $3B, up 21% from $2.49B the previous quarter. Its ten largest holdings account for 60% of the portfolio.
Horizon Kinetics Asset Management withdrew a net $168M in Q4 2020, closing 24 positions and reducing 209 holdings. Its most notable exit was GCI Liberty, Inc. Class A Common Stock (DE), an estimated $8.07M position sold in full.
By sector, the portfolio is most concentrated in Energy at 42% of assets, up from 34% a quarter earlier, followed by Financials and Materials.
Against the trend, Horizon Kinetics Asset Management opened a new position in Deere & Co worth $581K.
- Horizon Kinetics Asset Management's largest Q4 2020 buy was Deere & Co: 2,161 shares worth $581K.
- Horizon Kinetics Asset Management added most to Mesabi Trust in Q4 2020, an estimated $7.07M increase.
- Horizon Kinetics Asset Management's biggest Q4 2020 reduction was Texas Pacific Land, cutting an estimated $21.4M.
- Horizon Kinetics Asset Management fully exited GCI Liberty, Inc. Class A Common Stock (DE) in Q4 2020, selling an estimated $8.07M.
- Horizon Kinetics Asset Management's ten largest holdings make up 60% of its $3B portfolio in Q4 2020.
- Horizon Kinetics Asset Management opened 9 new positions and closed 24 in Q4 2020.
- Horizon Kinetics Asset Management's portfolio value rose 21% quarter-over-quarter to $3B.
Based on Horizon Kinetics Asset Management's 13F filing for Q4 2020, filed 16 Feb 2021.