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Horizon Kinetics Portfolio holdings
AUM
$3.06B
Turnover
11.22%
1-Year Est. Return
5.37%
This Fund
S&P 500
This Quarter
Est. Return
-12.27%
1 Year Est. Return
+5.37%
3 Year Est. Return
+65.64%
5 Year Est. Return
+75.06%
10 Year Est. Return
–
AUM
$5.51B
AUM Growth
-$1.44B
(-21%)
Cap. Flow
-$1.12B
Cap. Flow
% of AUM
-20.39%
Top 10 Holdings %
Top 10 Hldgs %
47.53%
Holding
537
New
22
Increased
90
Reduced
325
Closed
33
Avg Time Held Equity + Options
1.8
years
Top 10 Avg Time Held Equity + Options
1.5
years
Top 20 Avg Time Held Equity + Options
1.6
years
Avg Time Held Equity only
1.8
years
Top 10 Avg Time Held Equity only
1.7
years
Top 20 Avg Time Held Equity only
1.7
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wheaton Precious Metals
WPM
|
+$24.5M |
| 2 |
EMG
Emergent Capital, Inc.
EMG
|
+$11.7M |
| 3 |
PayPal
PYPL
|
+$7.36M |
| 4 |
LSB Industries
LXU
|
+$7.07M |
| 5 |
Texas Pacific Land
TPL
|
+$6.76M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
JAH
JARDEN CORPORATION
JAH
|
+$165M |
| 2 |
Wendy's
WEN
|
+$110M |
| 3 |
AutoNation
AN
|
+$64.5M |
| 4 |
Brookfield
BN
|
+$59.7M |
| 5 |
Howard Hughes
HHH
|
+$42.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 24.89% |
| 2 | Consumer Discretionary | 18.26% |
| 3 | Miscellaneous | 15.56% |
| 4 | Real Estate | 10.95% |
| 5 | Energy | 9.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
SYNT
251
DELISTED
Syntel Inc
SYNT
| $725K | 0.01% |
16,009
-3,562
| -18% | -$156K |
2013 Q3
8 quarters
|
|
252
Erie Indemnity
ERIE
$12.4B
| $724K | 0.01% |
8,731
-2,469
| -22% | -$205K |
2014 Q2
5 quarters
|
|
253
Vanguard Morningstar Small-Cap ETF
VB
$76.8B
| $723K | 0.01% |
6,694
-327
| -5% | -$38.2K |
2014 Q4
3 quarters
|
|
254
Intuit
INTU
$86B
| $721K | 0.01% |
8,123
-683
| -8% | -$66.3K |
2013 Q3
8 quarters
|
|
255
Gaming and Leisure Properties
GLPI
$11.4B
| $720K | 0.01% |
24,257
-1,458
| -6% | -$47.5K |
2013 Q4
7 quarters
|
|
256
Marvell Technology
MRVL
$208B
| $720K | 0.01% |
79,606
+15,952
| +25% | +$182K |
2013 Q3
8 quarters
|
|
257
Tootsie Roll Industries
TR
$2.88B
| $720K | 0.01% |
31,832
-8,495
| -21% | -$195K |
2013 Q3
8 quarters
|
|
258
Pegasystems
PEGA
$5.7B
| $718K | 0.01% |
58,390
-21,746
| -27% | -$269K |
2013 Q3
8 quarters
|
|
259
W.W. Grainger
GWW
$62.4B
| $717K | 0.01% |
3,333
-482
| -13% | -$108K |
2013 Q3
8 quarters
|
|
260
First Citizens BancShares
FCNCA
$23.9B
| $714K | 0.01% |
3,159
-508
| -14% | -$125K |
2013 Q3
8 quarters
|
|
261
Charles Schwab
SCHW
$159B
| $712K | 0.01% |
24,919
-2,879
| -10% | -$92.4K |
2013 Q3
8 quarters
|
|
262
Marriott International
MAR
$101B
| $711K | 0.01% |
10,419
-1,535
| -13% | -$111K |
2013 Q2
9 quarters
|
|
263
Dick's Sporting Goods
DKS
$14.3B
| $710K | 0.01% |
14,306
-3,210
| -18% | -$162K |
2013 Q3
8 quarters
|
|
264
Monster Beverage
MNST
$89.5B
| $709K | 0.01% |
62,916
-20,472
| -25% | -$240K |
2013 Q3
8 quarters
|
|
265
Starbucks
SBUX
$110B
| $709K | 0.01% |
12,467
-4,863
| -28% | -$272K |
2013 Q3
8 quarters
|
|
266
Silgan Holdings
SLGN
$3.97B
| $709K | 0.01% |
27,234
-6,252
| -19% | -$165K |
2013 Q4
7 quarters
|
|
267
TTEC Holdings
TTEC
$74.9M
| $709K | 0.01% |
26,481
-7,642
| -22% | -$209K |
2013 Q3
8 quarters
|
|
268
Urban Outfitters
URBN
$7.48B
| $709K | 0.01% |
24,120
-2,085
| -8% | -$67K |
2013 Q3
8 quarters
|
|
269
W.R. Berkley
WRB
$27.5B
| $709K | 0.01% |
44,037
-15,414
| -26% | -$253K |
2013 Q3
8 quarters
|
|
|
NATI
270
DELISTED
National Instruments Corp
NATI
| $709K | 0.01% |
25,527
-4,145
| -14% | -$118K |
2013 Q3
8 quarters
|
|
271
American Financial Group
AFG
$12.2B
| $706K | 0.01% |
10,239
-3,795
| -27% | -$262K |
2014 Q1
6 quarters
|
|
|
RDS.A
272
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $706K | 0.01% |
15,712
| – | – |
2013 Q2
9 quarters
|
|
273
Garmin
GRMN
$55.3B
| $705K | 0.01% |
19,647
-75
| -0.4% | -$2.98K |
2013 Q3
8 quarters
|
|
274
ScottsMiracle-Gro
SMG
$3.21B
| $705K | 0.01% |
11,596
-3,787
| -25% | -$234K |
2013 Q3
8 quarters
|
|
275
Cintas
CTAS
$84.4B
| $704K | 0.01% |
32,824
-9,616
| -23% | -$206K |
2013 Q3
8 quarters
|
|
Similar funds
SA
AC
OA
TGA
PWM
APFBOT
RCM
CFIC
Horizon Kinetics's Q3 2015 Portfolio in Review
As of Q3 2015, Horizon Kinetics held 537 positions worth $5.51B, down 21% from $6.95B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Horizon Kinetics withdrew a net $1.12B in Q3 2015, closing 33 positions and reducing 325 holdings. Its most notable exit was CSX Corp, an estimated $22.4M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 25% of assets, down from 28% a quarter earlier, followed by Consumer Discretionary and Miscellaneous.
Against the trend, Horizon Kinetics opened a new position in Emergent Capital, Inc. worth $12M.
- Horizon Kinetics's largest Q3 2015 buy was Emergent Capital, Inc.: 2,199,813 shares worth $12M.
- Horizon Kinetics added most to Wheaton Precious Metals in Q3 2015, an estimated $24.5M increase.
- Horizon Kinetics's biggest Q3 2015 reduction was JARDEN CORPORATION, cutting an estimated $165M.
- Horizon Kinetics fully exited CSX Corp in Q3 2015, selling an estimated $22.4M.
- Horizon Kinetics's ten largest holdings make up 48% of its $5.51B portfolio in Q3 2015.
- Horizon Kinetics opened 22 new positions and closed 33 in Q3 2015.
- Horizon Kinetics's portfolio value fell 21% quarter-over-quarter to $5.51B.
Based on Horizon Kinetics's 13F filing for Q3 2015, filed 13 Nov 2015.