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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
+22.93%
1 Year Est. Return
+27.52%
3 Year Est. Return
+184.83%
5 Year Est. Return
+256.84%
10 Year Est. Return
–
AUM
$8.03B
AUM Growth
+$1.35B
Cap. Flow
+$30.6M
Cap. Flow %
0.38%
Top 10 Hldgs %
78.69%
Holding
361
New
15
Increased
107
Reduced
132
Closed
12

Top Buys

Rank Stock Value
1
DBRG icon
DigitalBridge
DBRG
+$54.1M
2
HE icon
Hawaiian Electric Industries
HE
+$24.1M
3
VNOM icon
Viper Energy
VNOM
+$13.9M
4
LB
LandBridge Co
LB
+$12.5M
5
WPM icon
Wheaton Precious Metals
WPM
+$11M

Top Sells

Rank Stock Value
1
TPL icon
Texas Pacific Land
TPL
+$108M
2
NTR icon
Nutrien
NTR
+$11.9M
3
CRL icon
Charles River Laboratories
CRL
+$10.6M
4
MSTR icon
Strategy Inc
MSTR
+$8.3M
5
ADM icon
Archer Daniels Midland
ADM
+$5.85M

Sector Composition

Rank Sector Weight
1 Energy 58.65%
2 Financials 6.78%
3 Materials 5.84%
4 Technology 3.37%
5 Consumer Discretionary 2.7%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TPL icon
1
Texas Pacific Land
TPL
$28B
$3.99B 49.66%
10,819,737
-263,358
-2% -$108M
GBTC icon
2
Grayscale Bitcoin Trust
GBTC
$9.7B
$1.12B 13.98%
15,168,163
-39,897
-0.3% -$2.63M
LB
3
LandBridge Co
LB
$2.11B
$349M 4.34%
5,399,275
+208,408
+4% +$12.5M
WPM icon
4
Wheaton Precious Metals
WPM
$50.6B
$165M 2.05%
2,931,246
+177,071
+6% +$11M
CACI icon
5
CACI
CACI
$10.9B
$145M 1.81%
359,495
-8,573
-2% -$4.18M
BTC
6
Grayscale Bitcoin Mini Trust ETF
BTC
$3.42B
$128M 1.6%
3,064,302
+7,743
+0.3% +$285K
ICE icon
7
Intercontinental Exchange
ICE
$83.6B
$120M 1.49%
804,581
+59,055
+8% +$9.35M
FNV icon
8
Franco-Nevada
FNV
$41.3B
$116M 1.45%
988,033
+52,199
+6% +$6.46M
LNG icon
9
Cheniere Energy
LNG
$54.7B
– –
0
– –
CBOE icon
10
Cboe Global Markets
CBOE
$29.8B
$81M 1.01%
414,474
-3,190
-0.8% -$657K
MSB
11
Mesabi Trust
MSB
$292M
$79.9M 0.99%
2,843,010
+183,387
+7% +$4.76M
VNOM icon
12
Viper Energy
VNOM
$8.53B
$78M 0.97%
1,589,404
+268,959
+20% +$13.9M
BN icon
13
Brookfield
BN
$103B
$70M 0.87%
1,827,896
+242,837
+15% +$9.15M
CVEO icon
14
Civeo
CVEO
$379M
$69.6M 0.87%
3,064,019
-187,590
-6% -$4.7M
DBRG icon
15
DigitalBridge
DBRG
$2.94B
$50.6M 0.63%
4,483,340
+4,020,627
+869% +$54.1M
AN icon
16
AutoNation
AN
$7.11B
$47.9M 0.6%
282,198
-4,565
-2% -$771K
MSTR icon
17
Strategy Inc
MSTR
$35.3B
$47.9M 0.6%
165,315
-27,590
-14% -$8.3M
IBIT icon
18
iShares Bitcoin Trust
IBIT
$47.9B
$45.8M 0.57%
864,272
+58,469
+7% +$2.76M
SAIC icon
19
Saic
SAIC
$5B
$45.5M 0.57%
406,695
+3,730
+0.9% +$492K
PBT
20
Permian Basin Royalty Trust
PBT
$1.32B
$43.7M 0.54%
3,946,083
+261,819
+7% +$3.14M
LYV icon
21
Live Nation Entertainment
LYV
$41.7B
$42.7M 0.53%
329,735
-26,574
-7% -$3.35M
HHH icon
22
Howard Hughes
HHH
$3.98B
$35.3M 0.44%
458,597
-37,214
-8% -$2.96M
CCJ icon
23
Cameco
CCJ
$38.6B
$31.7M 0.39%
616,951
+99,123
+19% +$5.4M
AC
24
DELISTED
Associated Capital Group
AC
$31.4M 0.39%
917,630
-57,498
-6% -$2.09M
MRSH
25
Marsh
MRSH
$88.1B
$30.7M 0.38%
144,628
+25,554
+21% +$5.67M
1
2 3 4 5

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Horizon Kinetics Asset Management's Q4 2024 Portfolio in Review

As of Q4 2024, Horizon Kinetics Asset Management held 361 positions worth $8.03B, up 20% from $6.68B the previous quarter. Its ten largest holdings account for 79% of the portfolio.

Horizon Kinetics Asset Management's Q4 2024 filing shows 15 new, 107 increased, 132 reduced and 12 closed positions. Its largest new stake was Hawaiian Electric Industries: 2,379,498 shares worth $23.2M. The largest sale was Texas Pacific Land, an estimated $108M.

By sector, the portfolio is most concentrated in Energy at 59% of assets, up from 57% a quarter earlier, followed by Financials and Materials.

  • Horizon Kinetics Asset Management's largest Q4 2024 buy was Hawaiian Electric Industries: 2,379,498 shares worth $23.2M.
  • Horizon Kinetics Asset Management added most to DigitalBridge in Q4 2024, an estimated $54.1M increase.
  • Horizon Kinetics Asset Management's biggest Q4 2024 reduction was Texas Pacific Land, cutting an estimated $108M.
  • Horizon Kinetics Asset Management fully exited CVS Health in Q4 2024, selling an estimated $807K.
  • Horizon Kinetics Asset Management's ten largest holdings make up 79% of its $8.03B portfolio in Q4 2024.
  • Horizon Kinetics Asset Management opened 15 new positions and closed 12 in Q4 2024.
  • Horizon Kinetics Asset Management's portfolio value rose 20% quarter-over-quarter to $8.03B.

Based on Horizon Kinetics Asset Management's 13F filing for Q4 2024, filed 10 Feb 2025.