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Horizon Kinetics Portfolio holdings
AUM
$3.06B
1-Year Est. Return
5.37%
This Fund
S&P 500
This Quarter
Est. Return
-20.73%
1 Year Est. Return
+5.37%
3 Year Est. Return
+65.64%
5 Year Est. Return
+75.06%
10 Year Est. Return
–
AUM
$3.06B
AUM Growth
-$1.05B
(-25%)
Cap. Flow
-$179M
Cap. Flow
% of AUM
-5.84%
Top 10 Holdings %
Top 10 Hldgs %
59.41%
Holding
517
New
14
Increased
126
Reduced
256
Closed
44
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cheniere Energy
LNG
|
+$15.1M |
| 2 |
CACI
CACI
|
+$13.4M |
| 3 |
GE Aerospace
GE
|
+$13.4M |
| 4 |
Vanguard Extended Market ETF
VXF
|
+$5.8M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Short-Term Treasury ETF
VGSH
|
+$26.6M |
| 2 |
Howard Hughes
HHH
|
+$18.5M |
| 3 |
Texas Pacific Land
TPL
|
+$14M |
| 4 |
LBRDK
Liberty Broadband Class C
LBRDK
|
+$12.3M |
| 5 |
LSXMK
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
|
+$12.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 38.17% |
| 2 | Miscellaneous | 14.25% |
| 3 | Communication Services | 13.24% |
| 4 | Financials | 11.44% |
| 5 | Real Estate | 6.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CELG
251
DELISTED
Celgene Corp
CELG
| $450K | 0.01% |
7,019
-11
| -0.2% | -$812 |
|
252
Manitowoc
MTW
$706M
| $443K | 0.01% |
29,983
+4,674
| +18% | +$87.3K |
|
253
Revvity
RVTY
$14.4B
| $442K | 0.01% |
5,630
| – | – |
|
254
Cincinnati Financial
CINF
$26.4B
| $441K | 0.01% |
5,696
-445
| -7% | -$34.6K |
|
255
Quest Diagnostics
DGX
$26.8B
| $437K | 0.01% |
5,250
-50
| -0.9% | -$4.69K |
|
256
Intel
INTC
$473B
| $427K | 0.01% |
9,098
+61
| +0.7% | +$2.86K |
|
257
SandRidge Energy
SD
$518M
| $427K | 0.01% |
56,112
-3,215
| -5% | -$31.1K |
|
258
Indaptus Therapeutics
INDP
$152M
| $413K | 0.01% |
24
| – | – |
|
259
AutoNation
AN
$6.62B
| $412K | 0.01% |
11,547
-166
| -1% | -$6.28K |
|
260
Lennar Class A
LEN
$20.8B
| $410K | 0.01% |
10,801
-192
| -2% | -$7.83K |
|
261
Deluxe
DLX
$1.08B
| $406K | 0.01% |
10,550
-530
| -5% | -$25.3K |
|
262
Enterprise Products Partners
EPD
$84.3B
| $402K | 0.01% |
16,367
-7,980
| -33% | -$214K |
|
263
Genuine Parts
GPC
$19B
| $399K | 0.01% |
4,160
-50
| -1% | -$4.95K |
|
|
HPS
264
John Hancock Preferred Income Fund III
HPS
$448M
| $387K | 0.01% |
24,434
-1,455
| -6% | -$25.2K |
|
|
IIJI
265
DELISTED
Internet Initiative Japan Inc
IIJI
| $382K | 0.01% |
33,508
-2,261
| -6% | -$23.8K |
|
|
BPY
266
DELISTED
Brookfield Property Partners L.P. Limited Partnership Units
BPY
| $381K | 0.01% |
23,648
-1,495
| -6% | -$27.3K |
|
267
3M
MMM
$89.9B
| $379K | 0.01% |
2,376
-1,339
| -36% | -$222K |
|
268
Marriott International
MAR
$91.5B
| $370K | 0.01% |
3,407
+180
| +6% | +$20.7K |
|
|
MQT
269
DELISTED
BlackRock MuniYield Quality Fund II
MQT
| $370K | 0.01% |
32,359
-37,486
| -54% | -$427K |
|
|
SHOS
270
DELISTED
Sears Hometown and Outlet Stores, Inc.
SHOS
| $370K | 0.01% |
173,680
+32,603
| +23% | +$77.4K |
|
271
NovaGold Resources
NG
$3.84B
| $368K | 0.01% |
93,258
-25,397
| -21% | -$100K |
|
|
SCHW
272
Charles Schwab
SCHW
$191B
| $365K | 0.01% |
8,798
-54
| -0.6% | -$2.44K |
|
273
Wells Fargo
WFC
$262B
| $365K | 0.01% |
7,914
+83
| +1% | +$4.25K |
|
|
WIW
274
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$509M
| $364K | 0.01% |
35,882
-3,538
| -9% | -$36.7K |
|
275
Capital Southwest
CSWC
$1.62B
| $360K | 0.01% |
18,700
-600
| -3% | -$11.6K |
|
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Horizon Kinetics's Q4 2018 Portfolio in Review
As of Q4 2018, Horizon Kinetics held 517 positions worth $3.06B, down 25% from $4.11B the previous quarter. Its ten largest holdings account for 59% of the portfolio.
Horizon Kinetics withdrew a net $179M in Q4 2018, closing 44 positions and reducing 256 holdings. Its most notable exit was Copart, an estimated $3.71M position sold in full.
By sector, the portfolio is most concentrated in Energy at 38% of assets, down from 44% a quarter earlier, followed by Miscellaneous and Communication Services.
Against the trend, Horizon Kinetics opened a new position in Vanguard Extended Market ETF worth $5.28M.
- Horizon Kinetics's largest Q4 2018 buy was Vanguard Extended Market ETF: 52,921 shares worth $5.28M.
- Horizon Kinetics added most to Cheniere Energy in Q4 2018, an estimated $15.1M increase.
- Horizon Kinetics's biggest Q4 2018 reduction was Vanguard Short-Term Treasury ETF, cutting an estimated $26.6M.
- Horizon Kinetics fully exited Copart in Q4 2018, selling an estimated $3.71M.
- Horizon Kinetics's ten largest holdings make up 59% of its $3.06B portfolio in Q4 2018.
- Horizon Kinetics opened 14 new positions and closed 44 in Q4 2018.
- Horizon Kinetics's portfolio value fell 25% quarter-over-quarter to $3.06B.
Based on Horizon Kinetics's 13F filing for Q4 2018, filed 14 Feb 2019.