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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
+0.65%
1 Year Est. Return
+5.37%
3 Year Est. Return
+65.64%
5 Year Est. Return
+75.06%
10 Year Est. Return
–
AUM
$4.03B
AUM Growth
-$613M
(-13%)
Cap. Flow
-$514M
Cap. Flow
% of AUM
-12.76%
Top 10 Holdings %
Top 10 Hldgs %
47.09%
Holding
548
New
39
Increased
118
Reduced
299
Closed
19
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wheaton Precious Metals
WPM
|
+$20.3M |
| 2 |
Franco-Nevada
FNV
|
+$16.4M |
| 3 |
Texas Pacific Land
TPL
|
+$4.02M |
| 4 |
DSL
DoubleLine Income Solutions Fund
DSL
|
+$3.98M |
| 5 |
ExxonMobil
XOM
|
+$1.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LVNTA
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
|
+$57.4M |
| 2 |
Howard Hughes
HHH
|
+$46.6M |
| 3 |
QVCGA
QVC Group Inc Series A
QVCGA
|
+$41.1M |
| 4 |
JAH
JARDEN CORPORATION
JAH
|
+$32.8M |
| 5 |
AutoNation
AN
|
+$23.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 27.02% |
| 2 | Consumer Discretionary | 16.19% |
| 3 | Energy | 12.88% |
| 4 | Real Estate | 11.7% |
| 5 | Financials | 9.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Opko Health
OPK
$1.17B
| $698K | 0.02% |
67,206
-12,418
| -16% | -$113K |
|
|
PTR
252
DELISTED
PETROCHINA COMPANY LIMITED ADS (REP 100 H SHARES)
PTR
| $696K | 0.02% |
10,496
+400
| +4% | +$25.3K |
|
253
W.P. Carey
WPC
$15.6B
| $692K | 0.02% |
11,341
+1,131
| +11% | +$64.2K |
|
|
NBH
254
Neuberger Municipal Fund Inc
NBH
$283M
| $690K | 0.02% |
42,565
+200
| +0.5% | +$3.22K |
|
|
EFT
255
Eaton Vance Floating-Rate Income Trust
EFT
$278M
| $689K | 0.02% |
52,387
| – | – |
|
256
Ionis Pharmaceuticals
IONS
$7.85B
| $688K | 0.02% |
17,000
| – | – |
|
|
HRG
257
DELISTED
HRG Group, Inc.
HRG
| $667K | 0.02% |
47,923
-7,795
| -14% | -$94.5K |
|
258
McEwen Inc
MUX
$1.14B
| $666K | 0.02% |
35,429
-2,704
| -7% | -$42K |
|
259
Apple
AAPL
$4.84T
| $653K | 0.02% |
23,976
+7,900
| +49% | +$197K |
|
260
American Express
AXP
$219B
| $653K | 0.02% |
+10,628
| New | +$618K |
|
261
General Motors
GM
$74.9B
| $645K | 0.02% |
20,525
+1,470
| +8% | +$44.2K |
|
|
JMG
262
DELISTED
JOURNAL MEDIA GROUP INC COM
JMG
| $645K | 0.02% |
53,915
-2,962
| -5% | -$35.5K |
|
263
Procter & Gamble
PG
$341B
| $644K | 0.02% |
7,829
-65
| -0.8% | -$5.24K |
|
264
Comcast
CMCSA
$86.7B
| $642K | 0.02% |
21,024
+154
| +0.7% | +$4.42K |
|
|
AKRX
265
DELISTED
Akorn Inc
AKRX
| $640K | 0.02% |
27,192
+10,644
| +64% | +$280K |
|
|
WPX
266
DELISTED
WPX Energy, Inc.
WPX
| $630K | 0.02% |
90,063
-9,283
| -9% | -$47.4K |
|
267
Meta Platforms (Facebook)
META
$1.71T
| $626K | 0.02% |
5,489
-1,065
| -16% | -$112K |
|
268
Invesco Trust for Investment Grade New York Municipals
VTN
$146M
| $619K | 0.02% |
40,273
| – | – |
|
|
CUB
269
DELISTED
Cubic Corporation
CUB
| $612K | 0.02% |
15,319
+1,900
| +14% | +$73.3K |
|
270
Analog Devices
ADI
$175B
| $607K | 0.02% |
10,255
| – | – |
|
271
Verisk Analytics
VRSK
$23.4B
| $607K | 0.02% |
7,600
| – | – |
|
|
CSW
272
CSW Industrials
CSW
$4.72B
| $605K | 0.02% |
19,200
-2,039
| -10% | -$65.4K |
|
273
Enterprise Products Partners
EPD
$83.8B
| $602K | 0.01% |
24,467
+1,000
| +4% | +$23.3K |
|
274
Invesco Senior Income Trust
VVR
$446M
| $601K | 0.01% |
148,705
-22,190
| -13% | -$85.8K |
|
275
Vanguard Morningstar Small-Cap ETF
VB
$78.5B
| $593K | 0.01% |
5,322
-213
| -4% | -$22.1K |
|
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Horizon Kinetics's Q1 2016 Portfolio in Review
As of Q1 2016, Horizon Kinetics held 548 positions worth $4.03B, down 13% from $4.64B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Horizon Kinetics withdrew a net $514M in Q1 2016, closing 19 positions and reducing 299 holdings. Its most notable exit was Vanguard Extended Market ETF, an estimated $14.5M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 27% of assets, down from 29% a quarter earlier, followed by Consumer Discretionary and Energy.
Against the trend, Horizon Kinetics opened a new position in Tortoise Midstream Energy Fund, Inc. Common Stock worth $1.78M.
- Horizon Kinetics's largest Q1 2016 buy was Tortoise Midstream Energy Fund, Inc. Common Stock: 10,900 shares worth $1.78M.
- Horizon Kinetics added most to Wheaton Precious Metals in Q1 2016, an estimated $20.3M increase.
- Horizon Kinetics's biggest Q1 2016 reduction was Liberty Interactive Corporation Series A Liberty Ventures, cutting an estimated $57.4M.
- Horizon Kinetics fully exited Vanguard Extended Market ETF in Q1 2016, selling an estimated $14.5M.
- Horizon Kinetics's ten largest holdings make up 47% of its $4.03B portfolio in Q1 2016.
- Horizon Kinetics opened 39 new positions and closed 19 in Q1 2016.
- Horizon Kinetics's portfolio value fell 13% quarter-over-quarter to $4.03B.
Based on Horizon Kinetics's 13F filing for Q1 2016, filed 15 Apr 2016.