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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 | |
|---|---|---|---|---|---|---|
301
Papa John's
PZZA
$682M
| $857K | 0.01% |
15,353
-5,007
| -25% | -$245K |
|
302
TTEC Holdings
TTEC
$62.6M
| $857K | 0.01% |
36,175
+3,296
| +10% | +$78.9K |
|
303
Werner Enterprises
WERN
$2.25B
| $857K | 0.01% |
27,503
-5,636
| -17% | -$159K |
|
|
WNR
304
DELISTED
Western Refining Inc
WNR
| $857K | 0.01% |
22,673
+2,933
| +15% | +$121K |
|
305
Hyatt Hotels
H
$15.1B
| $856K | 0.01% |
14,219
+858
| +6% | +$50.4K |
|
306
Mohawk Industries
MHK
$8.74B
| $855K | 0.01% |
5,501
-550
| -9% | -$79K |
|
307
Raymond James Financial
RJF
$32.5B
| $855K | 0.01% |
22,385
-325
| -1% | -$11.9K |
|
|
TLM
308
DELISTED
TALISMAN ENERGY INC
TLM
| $855K | 0.01% |
109,159
+20,455
| +23% | +$129K |
|
309
Marvell Technology
MRVL
$199B
| $854K | 0.01% |
58,884
-2,564
| -4% | -$34.8K |
|
|
SCHW
310
Charles Schwab
SCHW
$186B
| $854K | 0.01% |
28,282
+689
| +2% | +$19.6K |
|
311
Marriott International
MAR
$87.9B
| $853K | 0.01% |
10,935
-24,593
| -69% | -$1.82M |
|
312
Pricesmart
PSMT
$5.18B
| $853K | 0.01% |
9,347
-208
| -2% | -$18.8K |
|
313
W.R. Berkley
WRB
$26.5B
| $853K | 0.01% |
56,130
-2,315
| -4% | -$34.8K |
|
314
Heartland Express
HTLD
$968M
| $852K | 0.01% |
31,545
-2,868
| -8% | -$72.6K |
|
315
Pegasystems
PEGA
$6.19B
| $852K | 0.01% |
82,018
-2,320
| -3% | -$23.8K |
|
|
AXE
316
DELISTED
Anixter International Inc
AXE
| $852K | 0.01% |
9,633
+37
| +0.4% | +$3.13K |
|
317
American Financial Group
AFG
$11.9B
| $851K | 0.01% |
14,014
-136
| -1% | -$8.09K |
|
318
Estee Lauder
EL
$34.8B
| $851K | 0.01% |
11,174
+110
| +1% | +$8.13K |
|
|
HES
319
DELISTED
Hess
HES
| $851K | 0.01% |
11,532
+2,956
| +34% | +$234K |
|
|
WPG
320
DELISTED
Washington Prime Group Inc.
WPG
| $851K | 0.01% |
5,490
+133
| +2% | +$20.6K |
|
321
Bruker
BRKR
$8.49B
| $850K | 0.01% |
43,304
+42
| +0.1% | +$808 |
|
322
ScottsMiracle-Gro
SMG
$3.27B
| $850K | 0.01% |
13,636
-1,244
| -8% | -$74K |
|
323
Tesla
TSLA
$1.41T
| $850K | 0.01% |
57,345
+7,920
| +16% | +$124K |
|
324
XPO
XPO
$20.9B
| $850K | 0.01% |
60,132
-1,391
| -2% | -$18.4K |
|
|
BRCM
325
DELISTED
BROADCOM CORP CL-A
BRCM
| $849K | 0.01% |
19,588
-1,008
| -5% | -$41.3K |
|
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PWM
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RCM
CFIC
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.