We are live on ! Find out more
HK

Horizon Kinetics Portfolio holdings

AUM $3.06B
1-Year Est. Return 5.37%
This Fund
S&P 500
This Quarter Est. Return
+2.59%
1 Year Est. Return
+5.37%
3 Year Est. Return
+65.64%
5 Year Est. Return
+75.06%
10 Year Est. Return
–
AUM
$7.4B
AUM Growth
-$352M
Cap. Flow
-$345M
Cap. Flow %
-4.65%
Top 10 Hldgs %
42.91%
Holding
554
New
37
Increased
108
Reduced
296
Closed
35

Top Buys

Rank Stock Value
1
LBRDK
Liberty Broadband Class C
LBRDK
+$109M
2
LBRDA
Liberty Broadband Class A
LBRDA
+$52.3M
3
LVNTA
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
+$44.1M
4
SRSC
SEARS Canada Inc.
SRSC
+$25.9M
5
RGLD icon
Royal Gold
RGLD
+$23.1M

Top Sells

Rank Stock Value
1
FWONK icon
Liberty Media Series C
FWONK
+$125M
2
FWONA icon
Liberty Media Series A
FWONA
+$65.8M
3
JEF icon
Jefferies Financial Group
JEF
+$43.5M
4
QVCGA
QVC Group Inc Series A
QVCGA
+$41.3M
5
SHLD
Sears Holding Corporation
SHLD
+$31M

Sector Composition

Rank Sector Weight
1 Communication Services 25.89%
2 Consumer Discretionary 22.64%
3 Real Estate 11.62%
4 Financials 9.96%
5 Energy 9.22%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RDS.A
251
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
$910K 0.01%
14,556
– –
TRF
252
DELISTED
TEMPLETON RUSSIA & EAST EURO FD
TRF
$910K 0.01%
101,116
-260
-0.3% -$2.88K
LXP.PRC icon
253
LXP Industrial Trust 6.5% Series C Preferred Stock
LXP.PRC
$95.5M
$906K 0.01%
18,885
– –
MSFT icon
254
Microsoft
MSFT
$3.69T
$906K 0.01%
19,505
+325
+2% +$15.3K
ROK icon
255
Rockwell Automation
ROK
$46.3B
$904K 0.01%
8,131
+18
+0.2% +$1.98K
CHK
256
DELISTED
Chesapeake Energy Corporation
CHK
$903K 0.01%
231
+61
+36% +$253K
MTS
257
DELISTED
MONTGOMERY STR INCOME SECS
MTS
$896K 0.01%
54,528
-6,800
-11% -$113K
MTZ icon
258
MasTec
MTZ
$17.9B
$895K 0.01%
39,590
+13,219
+50% +$327K
TFCFA
259
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
$891K 0.01%
23,198
-2,300
-9% -$81.4K
NKE icon
260
Nike
NKE
$53.7B
$890K 0.01%
18,516
-2,866
-13% -$134K
AMKR icon
261
Amkor Technology
AMKR
$11.5B
$885K 0.01%
124,596
+32,552
+35% +$225K
BXP icon
262
Boston Properties
BXP
$10.2B
$885K 0.01%
6,877
-645
-9% -$81.7K
MCY icon
263
Mercury Insurance
MCY
$5.68B
$884K 0.01%
15,599
-1,529
-9% -$81.8K
FDO
264
DELISTED
FAMILY DOLLAR STORES
FDO
$882K 0.01%
11,132
+174
+2% +$13.7K
AROC icon
265
Archrock
AROC
$5.36B
$881K 0.01%
27,039
+8,415
+45% +$301K
SPG icon
266
Simon Property Group
SPG
$66B
$880K 0.01%
4,830
-467
-9% -$82.8K
SSNC icon
267
SS&C Technologies
SSNC
$19.1B
$880K 0.01%
30,076
-7,108
-19% -$176K
CAB
268
DELISTED
Cabela's Inc
CAB
$880K 0.01%
16,696
+2,747
+20% +$144K
HALO icon
269
Halozyme
HALO
$12.1B
$879K 0.01%
91,079
+6,796
+8% +$60.4K
CMCSA icon
270
Comcast
CMCSA
$86.7B
$875K 0.01%
30,150
+178
+0.6% +$4.88K
GLPI icon
271
Gaming and Leisure Properties
GLPI
$11.8B
$875K 0.01%
29,815
+2,930
+11% +$90.3K
NWSA icon
272
News Corp Class A
NWSA
$16.3B
$875K 0.01%
55,799
+6,696
+14% +$103K
CWEI
273
DELISTED
Clayton Williams Energy, Inc.
CWEI
$874K 0.01%
+13,706
New +$1M
AEO icon
274
American Eagle Outfitters
AEO
$2.48B
$873K 0.01%
62,926
+6,707
+12% +$90.7K
AMZN icon
275
Amazon
AMZN
$2.68T
$873K 0.01%
56,240
+5,320
+10% +$82.9K
9 10
11
12 13

Similar funds

SA
SPO Advisory San Anselmo, California $2.11B AUM 14.87% 1-Year Est. Return
AC
Ashler Capital Chicago, Illinois $1.34B AUM 12.59% 1-Year Est. Return
OA
Omega Advisors New York $1.02B AUM 7% 1-Year Est. Return
TGA
Trilogy Global Advisors Winter Park, Florida $712M AUM 8.54% 1-Year Est. Return
PWM
Patriot Wealth Management Houston, Texas $683M AUM 5.39% 1-Year Est. Return
APFBOT
Amica Pension Fund Board of Trustees Providence, Rhode Island $644M AUM 4.55% 1-Year Est. Return
RCM
Roystone Capital Management New York $590M AUM 11.49% 1-Year Est. Return
CFIC
City Financial Investment Company London, United Kingdom $562M AUM 5.93% 1-Year Est. Return

Horizon Kinetics's Q4 2014 Portfolio in Review

As of Q4 2014, Horizon Kinetics held 554 positions worth $7.4B, down 4.5% from $7.76B the previous quarter. Its ten largest holdings account for 43% of the portfolio.

Horizon Kinetics withdrew a net $345M in Q4 2014, closing 35 positions and reducing 296 holdings. Its most notable exit was BURGER KING WORLDWIDE, an estimated $13.8M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 26% of assets, down from 27% a quarter earlier, followed by Consumer Discretionary and Real Estate.

Against the trend, Horizon Kinetics opened a new position in Liberty Broadband Class C worth $111M.

  • Horizon Kinetics's largest Q4 2014 buy was Liberty Broadband Class C: 2,222,661 shares worth $111M.
  • Horizon Kinetics added most to Liberty Interactive Corporation Series A Liberty Ventures in Q4 2014, an estimated $44.1M increase.
  • Horizon Kinetics's biggest Q4 2014 reduction was Liberty Media Series C, cutting an estimated $125M.
  • Horizon Kinetics fully exited BURGER KING WORLDWIDE in Q4 2014, selling an estimated $13.8M.
  • Horizon Kinetics's ten largest holdings make up 43% of its $7.4B portfolio in Q4 2014.
  • Horizon Kinetics opened 37 new positions and closed 35 in Q4 2014.
  • Horizon Kinetics's portfolio value fell 4.5% quarter-over-quarter to $7.4B.

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