Horizon Kinetics’s Brookfield BN Stock Holding History

Horizon Kinetics’s Portfolio BN Stock Details BN Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q4	$59.5M	Sell	4,347,465 -266,181	-6%	-$3.97M	1.94%	8
2018 Q3	$73.3M	Sell	4,613,646 -114,603	-2%	-$1.74M	1.78%	7
2018 Q2	$68.4M	Sell	4,728,249 -100,184	-2%	-$1.43M	1.75%	10
2018 Q1	$67.2M	Sell	4,828,433 -413,863	-8%	-$5.99M	1.96%	10
2017 Q4	$81.4M	Sell	5,242,296 -172,130	-3%	-$2.6M	2.39%	8
2017 Q3	$79.8M	Sell	5,414,426 -146,846	-3%	-$2.06M	2.34%	9
2017 Q2	$77.8M	Sell	5,561,272 -820,839	-13%	-$11M	2.55%	7
2017 Q1	$83M	Sell	6,382,111 -246,044	-4%	-$3.12M	2.62%	8
2016 Q4	$78.1M	Sell	6,628,155 -1,596,473	-19%	-$19.5M	2.52%	9
2016 Q3	$103M	Sell	8,224,628 -267,787	-3%	-$3.28M	2.89%	9
2016 Q2	$100M	Sell	8,492,415 -623,523	-7%	-$7.46M	2.52%	11
2016 Q1	$111M	Sell	9,115,938 -1,087,296	-11%	-$11.7M	2.77%	10
2015 Q4	$113M	Sell	10,203,234 -1,813,149	-15%	-$21.3M	2.43%	12
2015 Q3	$133M	Sell	12,016,383 -5,119,270	-30%	-$59.7M	2.41%	13
2015 Q2	$210M	Sell	17,135,653 -1,281,028	-7%	-$16.3M	3.02%	10
2015 Q1	$231M	Sell	18,416,681 -1,467,098	-7%	-$18.2M	3.18%	9
2014 Q4	$233M	Sell	19,883,779 -453,521	-2%	-$5.1M	3.15%	8
2014 Q3	$214M	Sell	20,337,300 -444,820	-2%	-$4.79M	2.76%	10
2014 Q2	$214M	Sell	20,782,120 -452,026	-2%	-$4.52M	2.68%	11
2014 Q1	$203M	Sell	21,234,146 -2,466,559	-10%	-$22.5M	2.54%	12
2013 Q4	$215M	Sell	23,700,705 -2,581,886	-10%	-$23.5M	2.72%	10
2013 Q3	$230M	Sell	26,282,591 -1,038,395	-4%	-$8.87M	3.15%	9
2013 Q2	$230M	Buy	+27,320,986	New	+$234M	3.37%	8

Other funds holding BN

PVI

Partners Value Investments Hamilton, Bermuda $9.34B AUM 12.2% 1-Year Est. Return

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

Bank of Montreal Toronto, Ontario, Canada $269B AUM 31.4% 1-Year Est. Return

Principal Financial Group Des Moines, Iowa $187B AUM 18.48% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Fidelity International Hamilton, Bermuda $129B AUM 30.83% 1-Year Est. Return

TD Asset Management Toronto, Ontario, Canada $123B AUM 34.51% 1-Year Est. Return

BGC

Beutel, Goodman & Co Toronto, Ontario, Canada $14.8B AUM 15.12% 1-Year Est. Return

First Manhattan New York $36.1B AUM 11.5% 1-Year Est. Return

Mackenzie Financial Toronto Ontario, Ontario, Canada $83.3B AUM 31.19% 1-Year Est. Return

Horizon Kinetics's BN Position: Q4 2018 in Review

Horizon Kinetics reduced its Brookfield (BN) stake by 5.8% in Q4 2018, selling an estimated $3.97M and leaving 4,347,465 shares worth $59.5M. The position accounts for 1.94% of the portfolio, ranked #8.

Horizon Kinetics first reported a position in BN in Q2 2013 and has held it in 23 quarters since. The position peaked at $233M in Q4 2014. 450 funds tracked by Wall St. Rank hold BN as of Q4 2018.

Horizon Kinetics held 4,347,465 shares of Brookfield worth $59.5M as of Q4 2018.
Horizon Kinetics sold 266,181 Brookfield shares in Q4 2018, an estimated $3.97M.
Brookfield made up 1.94% of Horizon Kinetics's portfolio in Q4 2018, its #8 holding.
Horizon Kinetics first reported a position in Brookfield in Q2 2013 and has held it in 23 quarters since.
Horizon Kinetics's Brookfield position peaked at $233M in Q4 2014.
450 funds tracked by Wall St. Rank held Brookfield as of Q4 2018.

Based on Horizon Kinetics's 13F filing for Q4 2018, filed 14 Feb 2019.