Horizon Kinetics’s VanEck High Yield Muni ETF HYD Stock Holding History

Horizon Kinetics’s Portfolio HYD Stock Details HYD Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-3,647	Closed	-$224K	–	525
2014 Q3	$224K	Sell	3,647 -400	-10%	-$24.2K	﹤0.01%	479
2014 Q2	$244K	Hold	4,047	–	–	﹤0.01%	482
2014 Q1	$239K	Sell	4,047 -202	-5%	-$11.8K	﹤0.01%	485
2013 Q4	$240K	Hold	4,249	–	–	﹤0.01%	489
2013 Q3	$248K	Sell	4,249 -1,025	-19%	-$59.9K	﹤0.01%	482
2013 Q2	$323K	Buy	+5,274	New	+$342K	﹤0.01%	364

Other funds holding HYD

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return

Wells Fargo San Francisco, California $617B AUM 30.33% 1-Year Est. Return

ACM

Aviance Capital Management Sarasota, Florida $668M AUM 6.48% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

RBA

Richard Bernstein Advisors New York $3.45B AUM 16.24% 1-Year Est. Return

MAA

Managed Account Advisors Jersey City, New Jersey $121B AUM 7.32% 1-Year Est. Return

Private Ocean San Rafael, California $1.13B AUM 11.01% 1-Year Est. Return

PFG

Piershale Financial Group Barrington, Illinois $157M AUM 7.08% 1-Year Est. Return

Guggenheim Capital Chicago, Illinois $15.9B AUM 53.4% 1-Year Est. Return

Horizon Kinetics's HYD Position: Q4 2014 in Review

Horizon Kinetics sold out of VanEck High Yield Muni ETF (HYD) in Q4 2014, closing a stake of 3,647 shares — an estimated $224K sold.

Horizon Kinetics first reported a position in HYD in Q2 2013 and held it in 6 quarters. The position peaked at $323K in Q2 2013. 108 funds tracked by Wall St. Rank hold HYD as of Q4 2014.

Horizon Kinetics reported no remaining VanEck High Yield Muni ETF position as of Q4 2014 after selling out during the quarter.
Horizon Kinetics sold 3,647 VanEck High Yield Muni ETF shares in Q4 2014, an estimated $224K.
Horizon Kinetics first reported a position in VanEck High Yield Muni ETF in Q2 2013 and held it in 6 quarters.
Horizon Kinetics's VanEck High Yield Muni ETF position peaked at $323K in Q2 2013.
108 funds tracked by Wall St. Rank held VanEck High Yield Muni ETF as of Q4 2014.

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