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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
-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
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 | |
|---|---|---|---|---|---|---|
276
Microsoft
MSFT
$3.75T
| $703K | 0.01% |
15,885
-1,550
| -9% | -$69.6K |
|
277
Raymond James Financial
RJF
$33.9B
| $703K | 0.01% |
21,251
-1,534
| -7% | -$56.9K |
|
|
ONIT
278
Onity Group
ONIT
$288M
| $703K | 0.01% |
6,985
-1,991
| -22% | -$252K |
|
279
Mercury Insurance
MCY
$5.69B
| $702K | 0.01% |
13,896
-2,434
| -15% | -$130K |
|
280
News Corp Class A
NWSA
$16.8B
| $702K | 0.01% |
55,591
-6,523
| -11% | -$90.8K |
|
|
TCO
281
DELISTED
Taubman Centers Inc.
TCO
| $702K | 0.01% |
10,158
-2,417
| -19% | -$171K |
|
282
Hilltop Holdings
HTH
$2.21B
| $701K | 0.01% |
35,402
-3,287
| -8% | -$70.3K |
|
283
MannKind Corp
MNKD
$1.31B
| $700K | 0.01% |
43,590
+12,450
| +40% | +$264K |
|
|
NBH
284
Neuberger Municipal Fund Inc
NBH
$302M
| $700K | 0.01% |
45,923
-67
| -0.1% | -$1.02K |
|
|
ISCA
285
DELISTED
International Speedway Corp
ISCA
| $700K | 0.01% |
22,065
-2,614
| -11% | -$87.1K |
|
|
JAH
286
PUT
DELISTED
JARDEN CORPORATION
JAH
| $700K | 0.01% |
+14,000
| New | +$741K |
|
287
SiriusPoint
SPNT
$2.8B
| $698K | 0.01% |
+51,894
| New | +$739K |
|
288
Brown-Forman Class B
BF.B
$12.5B
| $697K | 0.01% |
22,478
-6,331
| -22% | -$206K |
|
289
Illinois Tool Works
ITW
$80.2B
| $697K | 0.01% |
8,464
-1,429
| -14% | -$125K |
|
290
Amkor Technology
AMKR
$12.9B
| $696K | 0.01% |
154,952
+12,028
| +8% | +$59.2K |
|
291
Brown & Brown
BRO
$23.9B
| $696K | 0.01% |
44,920
-10,232
| -19% | -$168K |
|
292
Comcast
CMCSA
$93.7B
| $695K | 0.01% |
24,440
-6,020
| -20% | -$179K |
|
293
PENN Entertainment
PENN
$2.33B
| $695K | 0.01% |
41,410
-10,569
| -20% | -$193K |
|
294
Papa John's
PZZA
$765M
| $695K | 0.01% |
10,149
-2,325
| -19% | -$167K |
|
295
Host Hotels & Resorts
HST
$15.3B
| $694K | 0.01% |
43,918
-1,452
| -3% | -$27.2K |
|
|
MANT
296
DELISTED
Mantech International Corp
MANT
| $694K | 0.01% |
27,000
-1,800
| -6% | -$50.7K |
|
297
Morningstar
MORN
$8.21B
| $693K | 0.01% |
8,636
-3,059
| -26% | -$250K |
|
298
D.R. Horton
DHI
$40.6B
| $692K | 0.01% |
23,564
-10,110
| -30% | -$298K |
|
299
LyondellBasell Industries
LYB
$20.4B
| $692K | 0.01% |
8,302
-540
| -6% | -$48K |
|
300
Franklin Templeton
BEN
$17.7B
| $691K | 0.01% |
18,555
+462
| +3% | +$20K |
|
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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.