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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 | |
|---|---|---|---|---|---|---|
|
CERN
276
DELISTED
Cerner Corp
CERN
| $592K | 0.01% |
11,167
+1,306
| +13% | +$71.1K |
|
277
Cincinnati Financial
CINF
$26.3B
| $585K | 0.01% |
8,953
| – | – |
|
|
PHD
278
DELISTED
Pioneer Floating Rate Fund
PHD
| $584K | 0.01% |
52,148
-3,081
| -6% | -$32.6K |
|
279
Baxter International
BAX
$12.3B
| $580K | 0.01% |
14,122
+100
| +0.7% | +$3.81K |
|
280
Bank of America
BAC
$416B
| $579K | 0.01% |
42,857
+800
| +2% | +$10.8K |
|
281
Simon Property Group
SPG
$66B
| $579K | 0.01% |
2,787
-568
| -17% | -$109K |
|
282
Marriott Vacations Worldwide
VAC
$3.48B
| $579K | 0.01% |
8,574
-2,930
| -25% | -$166K |
|
283
Archrock
AROC
$5.36B
| $578K | 0.01% |
72,213
-8,419
| -10% | -$46.8K |
|
284
PENN Entertainment
PENN
$2.38B
| $573K | 0.01% |
34,358
-4,218
| -11% | -$60.5K |
|
285
iShares 1-3 Year Treasury Bond ETF
SHY
$26B
| $568K | 0.01% |
6,680
+3,560
| +114% | +$302K |
|
|
BXLT
286
DELISTED
BAXALTA INC COM STK (DE)
BXLT
| $566K | 0.01% |
14,009
-200
| -1% | -$7.91K |
|
287
Boston Properties
BXP
$10.2B
| $563K | 0.01% |
4,432
-598
| -12% | -$71K |
|
|
MHFI
288
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
| $560K | 0.01% |
5,658
+146
| +3% | +$13.1K |
|
289
White Mountains Insurance
WTM
$4.88B
| $553K | 0.01% |
689
-171
| -20% | -$128K |
|
|
SYNT
290
DELISTED
Syntel Inc
SYNT
| $547K | 0.01% |
10,957
-2,271
| -17% | -$104K |
|
291
Amazon
AMZN
$2.68T
| $545K | 0.01% |
18,360
+300
| +2% | +$8.51K |
|
292
Urban Edge Properties
UE
$2.55B
| $543K | 0.01% |
21,003
-16,532
| -44% | -$398K |
|
|
SRG
293
Seritage Growth Properties
SRG
$113M
| $542K | 0.01% |
10,843
-3,521
| -25% | -$146K |
|
294
Tootsie Roll Industries
TR
$2.84B
| $542K | 0.01% |
20,839
-5,629
| -21% | -$133K |
|
295
Brown-Forman Class B
BF.B
$12B
| $541K | 0.01% |
17,188
-2,065
| -11% | -$63.8K |
|
296
Cohen & Steers
CNS
$3.72B
| $539K | 0.01% |
13,855
-5,884
| -30% | -$185K |
|
297
Paychex
PAYX
$42.1B
| $536K | 0.01% |
9,922
-1,273
| -11% | -$64.1K |
|
298
Gaming and Leisure Properties
GLPI
$11.8B
| $532K | 0.01% |
17,198
-5,065
| -23% | -$138K |
|
|
HPS
299
John Hancock Preferred Income Fund III
HPS
$414M
| $532K | 0.01% |
+28,220
| New | +$512K |
|
300
Nike
NKE
$53.7B
| $532K | 0.01% |
8,663
-1,916
| -18% | -$116K |
|
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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.