HK
Horizon Kinetics Portfolio holdings
AUM
$3.06B
Turnover
11.22%
1-Year Est. Return
5.37%
This Fund
S&P 500
This Quarter
Est. Return
-20.73%
1 Year Est. Return
+5.37%
3 Year Est. Return
+65.64%
5 Year Est. Return
+75.06%
10 Year Est. Return
–
AUM
$3.06B
AUM Growth
-$1.05B
(-25%)
Cap. Flow
-$179M
Cap. Flow
% of AUM
-5.84%
Top 10 Holdings %
Top 10 Hldgs %
59.41%
Holding
517
New
14
Increased
126
Reduced
256
Closed
44
Avg Time Held Equity + Options
3.9
years
Top 10 Avg Time Held Equity + Options
2.2
years
Top 20 Avg Time Held Equity + Options
2.8
years
Avg Time Held Equity only
4
years
Top 10 Avg Time Held Equity only
2.8
years
Top 20 Avg Time Held Equity only
2.8
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cheniere Energy
LNG
|
+$15.1M |
| 2 |
CACI
CACI
|
+$13.4M |
| 3 |
GE Aerospace
GE
|
+$13.4M |
| 4 |
Vanguard Extended Market ETF
VXF
|
+$5.8M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Short-Term Treasury ETF
VGSH
|
+$26.6M |
| 2 |
Howard Hughes
HHH
|
+$18.5M |
| 3 |
Texas Pacific Land
TPL
|
+$14M |
| 4 |
Liberty Broadband Class C
LBRDK
|
+$12.3M |
| 5 |
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
|
+$12.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 38.17% |
| 2 | Miscellaneous | 14.25% |
| 3 | Communication Services | 13.24% |
| 4 | Financials | 11.44% |
| 5 | Real Estate | 6.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
326
Cohen & Steers
CNS
$3.41B
| $322K | 0.01% |
9,379
-268
| -3% | -$9.91K |
2014 Q4
16 quarters
|
|
327
Mercury Insurance
MCY
$5.67B
| $322K | 0.01% |
6,227
-2,009
| -24% | -$109K |
2013 Q3
21 quarters
|
|
328
Stryker
SYK
$108B
| $322K | 0.01% |
2,051
+51
| +3% | +$8.53K |
2016 Q1
11 quarters
|
|
329
W.R. Berkley
WRB
$27.4B
| $322K | 0.01% |
14,688
-2,514
| -15% | -$56.5K |
2013 Q3
21 quarters
|
|
330
American Financial Group
AFG
$12.1B
| $321K | 0.01% |
3,544
-67
| -2% | -$6.72K |
2014 Q1
19 quarters
|
|
331
Bruker
BRKR
$8.47B
| $321K | 0.01% |
10,789
-714
| -6% | -$22.5K |
2013 Q3
21 quarters
|
|
332
Estee Lauder
EL
$36.8B
| $321K | 0.01% |
2,470
-425
| -15% | -$57.7K |
2013 Q3
21 quarters
|
|
333
SS&C Technologies
SSNC
$19.3B
| $321K | 0.01% |
7,112
-169
| -2% | -$8.2K |
2014 Q1
19 quarters
|
|
|
NAV.PRD
334
DELISTED
Navistar International Corporation Cumulative Convertible Junior Preference Stock, Series D
NAV.PRD
| $321K | 0.01% |
+12,363
| New | +$311K |
2018 Q4
0 quarters
|
|
335
Dillards
DDS
$10.2B
| $319K | 0.01% |
5,297
-3
| -0.1% | -$206 |
2013 Q4
20 quarters
|
|
336
Intuit
INTU
$83B
| $319K | 0.01% |
1,623
-172
| -10% | -$35.8K |
2013 Q3
21 quarters
|
|
337
MSC Industrial Direct
MSM
$7.4B
| $319K | 0.01% |
4,148
-503
| -11% | -$41.7K |
2013 Q2
22 quarters
|
|
338
SiriusPoint
SPNT
$2.94B
| $319K | 0.01% |
33,048
+2,375
| +8% | +$25.5K |
2015 Q3
13 quarters
|
|
339
Sunoco
SUN
$14B
| $319K | 0.01% |
11,744
-7,179
| -38% | -$200K |
2014 Q4
16 quarters
|
|
340
Urban Outfitters
URBN
$7.25B
| $319K | 0.01% |
9,609
-231
| -2% | -$8.64K |
2013 Q3
21 quarters
|
|
341
Columbia Sportswear
COLM
$2.95B
| $318K | 0.01% |
3,784
-688
| -15% | -$61K |
2013 Q3
21 quarters
|
|
342
Mohawk Industries
MHK
$8.13B
| $318K | 0.01% |
2,716
+549
| +25% | +$73.2K |
2013 Q3
21 quarters
|
|
|
ATCO
343
DELISTED
Atlas Corp.
ATCO
| $318K | 0.01% |
40,553
-4,207
| -9% | -$36.6K |
2016 Q2
10 quarters
|
|
344
Delta Air Lines
DAL
$50.4B
| $317K | 0.01% |
6,350
-100
| -2% | -$5.45K |
2015 Q2
14 quarters
|
|
345
DELISTED
Nordstrom
JWN
| $317K | 0.01% |
6,791
+479
| +8% | +$27K |
2013 Q3
21 quarters
|
|
346
Transocean
RIG
$6.23B
| $317K | 0.01% |
45,639
+10,611
| +30% | +$108K |
2013 Q3
21 quarters
|
|
347
Tesla
TSLA
$1.45T
| $317K | 0.01% |
14,295
-6,285
| -31% | -$135K |
2013 Q3
21 quarters
|
|
348
Monster Beverage
MNST
$86.6B
| $316K | 0.01% |
25,680
-1,408
| -5% | -$19.1K |
2013 Q3
21 quarters
|
|
|
TWNK
349
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $316K | 0.01% |
28,847
-4,391
| -13% | -$48.2K |
2017 Q4
4 quarters
|
|
|
AXE
350
DELISTED
Anixter International Inc
AXE
| $316K | 0.01% |
5,824
+70
| +1% | +$4.41K |
2013 Q3
21 quarters
|
|
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Horizon Kinetics's Q4 2018 Portfolio in Review
As of Q4 2018, Horizon Kinetics held 517 positions worth $3.06B, down 25% from $4.11B the previous quarter. Its ten largest holdings account for 59% of the portfolio.
Horizon Kinetics withdrew a net $179M in Q4 2018, closing 44 positions and reducing 256 holdings. Its most notable exit was Copart, an estimated $3.71M position sold in full.
By sector, the portfolio is most concentrated in Energy at 38% of assets, down from 44% a quarter earlier, followed by Miscellaneous and Communication Services.
Against the trend, Horizon Kinetics opened a new position in Vanguard Extended Market ETF worth $5.28M.
- Horizon Kinetics's largest Q4 2018 buy was Vanguard Extended Market ETF: 52,921 shares worth $5.28M.
- Horizon Kinetics added most to Cheniere Energy in Q4 2018, an estimated $15.1M increase.
- Horizon Kinetics's biggest Q4 2018 reduction was Vanguard Short-Term Treasury ETF, cutting an estimated $26.6M.
- Horizon Kinetics fully exited Copart in Q4 2018, selling an estimated $3.71M.
- Horizon Kinetics's ten largest holdings make up 59% of its $3.06B portfolio in Q4 2018.
- Horizon Kinetics opened 14 new positions and closed 44 in Q4 2018.
- Horizon Kinetics's portfolio value fell 25% quarter-over-quarter to $3.06B.
Based on Horizon Kinetics's 13F filing for Q4 2018, filed 14 Feb 2019.