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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
-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
Avg Time Held Equity + Options
1.8
years
Top 10 Avg Time Held Equity + Options
1.5
years
Top 20 Avg Time Held Equity + Options
1.6
years
Avg Time Held Equity only
1.8
years
Top 10 Avg Time Held Equity only
1.7
years
Top 20 Avg Time Held Equity only
1.7
years
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 | Held Since | |
|---|---|---|---|---|---|---|---|
|
NUAN
326
DELISTED
Nuance Communications, Inc.
NUAN
| $677K | 0.01% |
47,748
-11,197
| -19% | -$167K |
2013 Q4
7 quarters
|
|
327
Cheniere Energy
LNG
$57.7B
| $675K | 0.01% |
+13,978
| New | +$862K |
2015 Q3
0 quarters
|
|
328
MSC Industrial Direct
MSM
$7.3B
| $675K | 0.01% |
11,062
-2,314
| -17% | -$158K |
2013 Q2
9 quarters
|
|
329
Transocean
RIG
$6.15B
| $673K | 0.01% |
52,054
-4,173
| -7% | -$57.9K |
2013 Q3
8 quarters
|
|
330
Fossil Group
FOSL
$407M
| $672K | 0.01% |
12,034
-790
| -6% | -$50.1K |
2013 Q3
8 quarters
|
|
331
Tesla
TSLA
$1.43T
| $672K | 0.01% |
40,560
-13,065
| -24% | -$222K |
2013 Q3
8 quarters
|
|
|
CERN
332
DELISTED
Cerner Corp
CERN
| $672K | 0.01% |
11,210
-1,984
| -15% | -$130K |
2013 Q3
8 quarters
|
|
|
RP
333
DELISTED
RealPage, Inc.
RP
| $671K | 0.01% |
40,375
-5,567
| -12% | -$103K |
2013 Q3
8 quarters
|
|
334
Under Armour
UAA
$2.1B
| $670K | 0.01% |
13,842
-8,038
| -37% | -$382K |
2013 Q3
8 quarters
|
|
335
Westlake Corp
WLK
$8.13B
| $669K | 0.01% |
12,887
+171
| +1% | +$9.98K |
2013 Q3
8 quarters
|
|
336
DELISTED
Hologic
HOLX
| $667K | 0.01% |
17,042
-7,328
| -30% | -$291K |
2014 Q1
6 quarters
|
|
|
CAB
337
DELISTED
Cabela's Inc
CAB
| $667K | 0.01% |
14,628
-3,355
| -19% | -$157K |
2013 Q3
8 quarters
|
|
338
Deluxe
DLX
$1.05B
| $666K | 0.01% |
11,950
-2,400
| -17% | -$145K |
2013 Q2
9 quarters
|
|
339
DELISTED
Air Lease Corp
AL
| $663K | 0.01% |
21,448
-4,766
| -18% | -$159K |
2013 Q2
9 quarters
|
|
340
Columbia Sportswear
COLM
$3.11B
| $661K | 0.01% |
11,242
-3,871
| -26% | -$242K |
2013 Q3
8 quarters
|
|
|
APOL
341
DELISTED
Apollo Education Group Inc Class A
APOL
| $659K | 0.01% |
59,554
+4,637
| +8% | +$56.8K |
2013 Q3
8 quarters
|
|
342
Boston Beer
SAM
$1.84B
| $658K | 0.01% |
3,122
-612
| -16% | -$135K |
2013 Q3
8 quarters
|
|
|
CVA
343
DELISTED
Covanta Holding Corporation
CVA
| $658K | 0.01% |
37,681
-4,126
| -10% | -$81.6K |
2013 Q3
8 quarters
|
|
344
NewMarket
NEU
$8.16B
| $655K | 0.01% |
1,835
-581
| -24% | -$235K |
2013 Q3
8 quarters
|
|
345
Bruker
BRKR
$8.61B
| $653K | 0.01% |
39,774
-4,181
| -10% | -$81.2K |
2013 Q3
8 quarters
|
|
346
Werner Enterprises
WERN
$2B
| $650K | 0.01% |
25,913
-7,647
| -23% | -$209K |
2013 Q3
8 quarters
|
|
347
Designer Brands
DBI
$328M
| $648K | 0.01% |
25,622
-2,445
| -9% | -$76.1K |
2013 Q3
8 quarters
|
|
348
Mohawk Industries
MHK
$8.39B
| $647K | 0.01% |
3,558
-1,214
| -25% | -$240K |
2013 Q3
8 quarters
|
|
349
DELISTED
Chesapeake Energy Corporation
CHK
| $646K | 0.01% |
440
+49
| +13% | +$83.2K |
2013 Q3
8 quarters
|
|
350
White Mountains Insurance
WTM
$5.12B
| $643K | 0.01% |
860
+132
| +18% | +$95K |
2013 Q2
9 quarters
|
|
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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.