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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 | |
|---|---|---|---|---|---|---|
301
Credit Acceptance
CACC
$6.23B
| $691K | 0.01% |
3,510
-477
| -12% | -$104K |
|
|
MZTI
302
The Marzetti Company
MZTI
$3.07B
| $691K | 0.01% |
7,085
-2,952
| -29% | -$280K |
|
|
WPG
303
DELISTED
Washington Prime Group Inc.
WPG
| $691K | 0.01% |
6,580
-752
| -10% | -$87.4K |
|
304
American Homes 4 Rent
AMH
$12B
| $690K | 0.01% |
+42,912
| New | +$688K |
|
|
HES
305
DELISTED
Hess
HES
| $690K | 0.01% |
13,780
+321
| +2% | +$18.4K |
|
306
Heartland Express
HTLD
$955M
| $689K | 0.01% |
34,538
-10,206
| -23% | -$209K |
|
307
Ionis Pharmaceuticals
IONS
$10.4B
| $687K | 0.01% |
17,000
| – | – |
|
|
JWN
308
DELISTED
Nordstrom
JWN
| $686K | 0.01% |
9,571
-2,733
| -22% | -$206K |
|
309
Pricesmart
PSMT
$5.34B
| $686K | 0.01% |
8,864
-1,485
| -14% | -$134K |
|
310
Amazon
AMZN
$2.76T
| $685K | 0.01% |
26,780
-17,020
| -39% | -$430K |
|
311
Choice Hotels
CHH
$4.89B
| $685K | 0.01% |
14,375
-2,086
| -13% | -$107K |
|
312
Dillards
DDS
$9.85B
| $684K | 0.01% |
7,832
-692
| -8% | -$66.9K |
|
313
Altisource Portfolio Solutions
ASPS
$63.7M
| $683K | 0.01% |
3,582
-1,562
| -30% | -$367K |
|
314
Buckle
BKE
$2.21B
| $683K | 0.01% |
18,483
-1,460
| -7% | -$61.6K |
|
315
Salesforce
CRM
$207B
| $683K | 0.01% |
9,839
-2,570
| -21% | -$182K |
|
316
Oceaneering
OII
$5.1B
| $682K | 0.01% |
17,382
-354
| -2% | -$14.7K |
|
|
ARG
317
DELISTED
Airgas Inc
ARG
| $682K | 0.01% |
7,637
-1,033
| -12% | -$102K |
|
318
Hyatt Hotels
H
$16.3B
| $681K | 0.01% |
14,458
-1,593
| -10% | -$85K |
|
319
Timken Company
TKR
$8.63B
| $681K | 0.01% |
24,780
+319
| +1% | +$10.2K |
|
320
Cohen & Steers
CNS
$4.25B
| $680K | 0.01% |
24,778
-882
| -3% | -$27.1K |
|
|
PNF
321
DELISTED
PIMCO New York Municipal Income Fund
PNF
| $680K | 0.01% |
58,668
-8,802
| -13% | -$100K |
|
322
SS&C Technologies
SSNC
$19.6B
| $680K | 0.01% |
19,430
-9,538
| -33% | -$322K |
|
|
AXE
323
DELISTED
Anixter International Inc
AXE
| $680K | 0.01% |
11,775
-2,910
| -20% | -$182K |
|
324
American Eagle Outfitters
AEO
$2.8B
| $677K | 0.01% |
43,344
-9,562
| -18% | -$163K |
|
325
Rollins
ROL
$17.3B
| $677K | 0.01% |
56,671
-20,878
| -27% | -$263K |
|
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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.