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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
+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
(-4.5%)
Cap. Flow
-$345M
Cap. Flow
% of AUM
-4.65%
Top 10 Holdings %
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 |
Royal Gold
RGLD
|
+$23.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Liberty Media Series C
FWONK
|
+$125M |
| 2 |
Liberty Media Series A
FWONA
|
+$65.8M |
| 3 |
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 | |
|---|---|---|---|---|---|---|
|
MZTI
276
The Marzetti Company
MZTI
$2.77B
| $873K | 0.01% |
9,318
-714
| -7% | -$64.8K |
|
277
Ralph Lauren
RL
$20B
| $873K | 0.01% |
4,715
-132
| -3% | -$22.8K |
|
|
JWN
278
DELISTED
Nordstrom
JWN
| $872K | 0.01% |
10,978
-1,190
| -10% | -$87.4K |
|
279
Westlake Corp
WLK
$8.95B
| $871K | 0.01% |
14,258
+5,287
| +59% | +$360K |
|
280
Starbucks
SBUX
$110B
| $870K | 0.01% |
21,198
-1,196
| -5% | -$46.7K |
|
|
GAP
281
The Gap Inc
GAP
$7.18B
| $870K | 0.01% |
20,671
+1,407
| +7% | +$55.2K |
|
|
AL
282
DELISTED
Air Lease Corp
AL
| $869K | 0.01% |
25,333
+447
| +2% | +$15.7K |
|
|
ISCA
283
DELISTED
International Speedway Corp
ISCA
| $868K | 0.01% |
27,419
+1,414
| +5% | +$43.9K |
|
284
Freeport-McMoran
FCX
$99.6B
| $867K | 0.01% |
37,100
-570
| -2% | -$15.7K |
|
285
MSC Industrial Direct
MSM
$6.69B
| $867K | 0.01% |
10,672
+1,087
| +11% | +$88.5K |
|
286
Fossil Group
FOSL
$298M
| $866K | 0.01% |
7,822
-763
| -9% | -$79.7K |
|
287
Urban Outfitters
URBN
$6.5B
| $866K | 0.01% |
24,649
+2,589
| +12% | +$83.9K |
|
288
Meta Platforms (Facebook)
META
$1.71T
| $865K | 0.01% |
+11,090
| New | +$848K |
|
|
NAV
289
DELISTED
Navistar International
NAV
| $865K | 0.01% |
25,825
+2,443
| +10% | +$84.2K |
|
290
FedEx
FDX
$73B
| $864K | 0.01% |
4,976
-240
| -5% | -$40.6K |
|
291
Buckle
BKE
$2.04B
| $863K | 0.01% |
16,425
-1,755
| -10% | -$86.2K |
|
292
D.R. Horton
DHI
$39.2B
| $862K | 0.01% |
34,079
-4,646
| -12% | -$109K |
|
293
Erie Indemnity
ERIE
$13.1B
| $862K | 0.01% |
9,494
-1,255
| -12% | -$107K |
|
294
Tootsie Roll Industries
TR
$2.84B
| $862K | 0.01% |
40,088
-2,936
| -7% | -$60K |
|
|
CVA
295
DELISTED
Covanta Holding Corporation
CVA
| $861K | 0.01% |
39,130
+782
| +2% | +$17.6K |
|
|
TCO
296
DELISTED
Taubman Centers Inc.
TCO
| $860K | 0.01% |
11,254
-1
| -0% | -$76 |
|
|
RTN
297
DELISTED
Raytheon Company
RTN
| $859K | 0.01% |
7,940
-410
| -5% | -$42.3K |
|
298
Brown & Brown
BRO
$22.5B
| $858K | 0.01% |
52,138
+1,302
| +3% | +$20.9K |
|
|
MENT
299
DELISTED
Mentor Graphics Corp
MENT
| $858K | 0.01% |
39,129
+732
| +2% | +$15.4K |
|
300
Dick's Sporting Goods
DKS
$11B
| $857K | 0.01% |
17,253
-1,606
| -9% | -$75.2K |
|
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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.