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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
+2.05%
1 Year Est. Return
+5.37%
3 Year Est. Return
+65.64%
5 Year Est. Return
+75.06%
10 Year Est. Return
–
AUM
$7.99B
AUM Growth
+$70.2M
(+0.89%)
Cap. Flow
-$281M
Cap. Flow
% of AUM
-3.52%
Top 10 Holdings %
Top 10 Hldgs %
46.14%
Holding
560
New
27
Increased
223
Reduced
183
Closed
26
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
LVNTA
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
|
+$123M |
| 2 |
Element Solutions
ESI
|
+$64.4M |
| 3 |
Wendy's
WEN
|
+$43.8M |
| 4 |
SHLD
Sears Holding Corporation
SHLD
|
+$43.3M |
| 5 |
OAK
OAKTREE CAPITAL GROUP, LLC
OAK
|
+$17.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Mastercard
MA
|
+$242M |
| 2 |
Jefferies Financial Group
JEF
|
+$45.7M |
| 3 |
AutoNation
AN
|
+$32.5M |
| 4 |
FDO
FAMILY DOLLAR STORES
FDO
|
+$24.4M |
| 5 |
FCE.A
Forest City Realty Trust, Inc.
FCE.A
|
+$24.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 25.97% |
| 2 | Consumer Discretionary | 21.04% |
| 3 | Real Estate | 13.27% |
| 4 | Financials | 12.47% |
| 5 | Energy | 9.42% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
American Financial Group
AFG
$11.9B
| $792K | 0.01% |
+13,717
| New | +$773K |
|
302
Salesforce
CRM
$210B
| $792K | 0.01% |
13,871
+4,048
| +41% | +$242K |
|
|
HES
303
DELISTED
Hess
HES
| $792K | 0.01% |
9,562
+2,988
| +45% | +$237K |
|
304
Columbia Sportswear
COLM
$2.89B
| $791K | 0.01% |
19,144
+5,142
| +37% | +$205K |
|
305
First Citizens BancShares
FCNCA
$24.4B
| $791K | 0.01% |
3,287
+942
| +40% | +$212K |
|
306
Hilltop Holdings
HTH
$2.23B
| $791K | 0.01% |
33,269
+10,154
| +44% | +$241K |
|
307
Silgan Holdings
SLGN
$4.06B
| $791K | 0.01% |
31,928
+9,622
| +43% | +$228K |
|
308
Vodafone
VOD
$40.9B
| $789K | 0.01% |
21,429
-16,741
| -44% | -$645K |
|
|
JWN
309
DELISTED
Nordstrom
JWN
| $788K | 0.01% |
12,613
+3,991
| +46% | +$240K |
|
310
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$846M
| $788K | 0.01% |
61,698
-1,531
| -2% | -$19.3K |
|
311
Cintas
CTAS
$79.6B
| $787K | 0.01% |
52,784
+17,204
| +48% | +$254K |
|
312
Designer Brands
DBI
$320M
| $786K | 0.01% |
21,924
+8,529
| +64% | +$329K |
|
313
W.W. Grainger
GWW
$59.8B
| $786K | 0.01% |
3,110
+981
| +46% | +$245K |
|
|
HOLX
314
DELISTED
Hologic
HOLX
| $786K | 0.01% |
+36,555
| New | +$789K |
|
|
GRMN
315
Garmin
GRMN
$53.8B
| $785K | 0.01% |
14,198
+2,743
| +24% | +$136K |
|
316
MasTec
MTZ
$17.9B
| $785K | 0.01% |
+18,065
| New | +$686K |
|
317
Paychex
PAYX
$42.1B
| $785K | 0.01% |
18,419
+6,736
| +58% | +$286K |
|
318
Ralph Lauren
RL
$20B
| $785K | 0.01% |
4,876
+1,862
| +62% | +$300K |
|
319
Rollins
ROL
$16.2B
| $785K | 0.01% |
87,642
+27,570
| +46% | +$241K |
|
320
ScottsMiracle-Gro
SMG
$3.27B
| $784K | 0.01% |
12,800
+4,184
| +49% | +$248K |
|
|
SYNT
321
DELISTED
Syntel Inc
SYNT
| $784K | 0.01% |
17,432
+5,858
| +51% | +$264K |
|
|
AXE
322
DELISTED
Anixter International Inc
AXE
| $783K | 0.01% |
7,710
+1,752
| +29% | +$171K |
|
|
RAX
323
DELISTED
Rackspace Hosting Inc
RAX
| $783K | 0.01% |
23,854
+9,631
| +68% | +$345K |
|
|
TLM
324
DELISTED
TALISMAN ENERGY INC
TLM
| $782K | 0.01% |
78,355
+32,363
| +70% | +$344K |
|
325
Brown & Brown
BRO
$22.5B
| $781K | 0.01% |
50,768
+16,094
| +46% | +$247K |
|
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Horizon Kinetics's Q1 2014 Portfolio in Review
As of Q1 2014, Horizon Kinetics held 560 positions worth $7.99B, up 0.89% from $7.92B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Horizon Kinetics withdrew a net $281M in Q1 2014, closing 26 positions and reducing 183 holdings. Its most notable exit was IPATH INVERSE S&P 500 VIX SHORT-TERM FUTURES ETN, an estimated $14.4M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 26% of assets, down from 28% a quarter earlier, followed by Consumer Discretionary and Real Estate.
Against the trend, Horizon Kinetics opened a new position in Element Solutions worth $67.7M.
- Horizon Kinetics's largest Q1 2014 buy was Element Solutions: 3,553,037 shares worth $67.7M.
- Horizon Kinetics added most to Liberty Interactive Corporation Series A Liberty Ventures in Q1 2014, an estimated $123M increase.
- Horizon Kinetics's biggest Q1 2014 reduction was Mastercard, cutting an estimated $242M.
- Horizon Kinetics fully exited IPATH INVERSE S&P 500 VIX SHORT-TERM FUTURES ETN in Q1 2014, selling an estimated $14.4M.
- Horizon Kinetics's ten largest holdings make up 46% of its $7.99B portfolio in Q1 2014.
- Horizon Kinetics opened 27 new positions and closed 26 in Q1 2014.
- Horizon Kinetics's portfolio value rose 0.89% quarter-over-quarter to $7.99B.
Based on Horizon Kinetics's 13F filing for Q1 2014, filed 14 May 2014.