Horizon Kinetics’s Blackrock Defined Opp Crt Tr BHL Stock Holding History

Horizon Kinetics’s Portfolio BHL Stock Details BHL Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-20,826	Closed	-$280K	–	540
2014 Q3	$280K	Sell	20,826 -925	-4%	-$12.8K	﹤0.01%	456
2014 Q2	$304K	Sell	21,751 -718	-3%	-$9.8K	﹤0.01%	459
2014 Q1	$310K	Sell	22,469 -1,413	-6%	-$19.5K	﹤0.01%	456
2013 Q4	$325K	Buy	23,882 +691	+3%	+$9.48K	﹤0.01%	460
2013 Q3	$324K	Buy	23,191 +4,060	+21%	+$55.9K	﹤0.01%	449
2013 Q2	$269K	Buy	+19,131	New	+$278K	﹤0.01%	377

Other funds holding BHL

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

RVP

Relative Value Partners Northbrook, Illinois $880M AUM 0.38% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Bessemer Group Woodbridge, New Jersey $63.6B AUM 28.76% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

Baird Milwaukee, Wisconsin $9.78B AUM 11.39% 1-Year Est. Return

Credit Suisse Zurich, Switzerland $104B AUM 34.76% 1-Year Est. Return

Independence Trust Franklin, Tennessee $90.5M AUM 24.36% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

Horizon Kinetics's BHL Position: Q4 2014 in Review

Horizon Kinetics sold out of Blackrock Defined Opp Crt Tr (BHL) in Q4 2014, closing a stake of 20,826 shares — an estimated $280K sold.

Horizon Kinetics first reported a position in BHL in Q2 2013 and held it in 6 quarters. The position peaked at $325K in Q4 2013. 15 funds tracked by Wall St. Rank hold BHL as of Q4 2014.

Horizon Kinetics reported no remaining Blackrock Defined Opp Crt Tr position as of Q4 2014 after selling out during the quarter.
Horizon Kinetics sold 20,826 Blackrock Defined Opp Crt Tr shares in Q4 2014, an estimated $280K.
Horizon Kinetics first reported a position in Blackrock Defined Opp Crt Tr in Q2 2013 and held it in 6 quarters.
Horizon Kinetics's Blackrock Defined Opp Crt Tr position peaked at $325K in Q4 2013.
15 funds tracked by Wall St. Rank held Blackrock Defined Opp Crt Tr as of Q4 2014.

Based on Horizon Kinetics's 13F filing for Q4 2014, filed 17 Feb 2015.