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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
+0.65%
1 Year Est. Return
+5.37%
3 Year Est. Return
+65.64%
5 Year Est. Return
+75.06%
10 Year Est. Return
–
AUM
$4.03B
AUM Growth
-$613M
(-13%)
Cap. Flow
-$514M
Cap. Flow
% of AUM
-12.76%
Top 10 Holdings %
Top 10 Hldgs %
47.09%
Holding
548
New
39
Increased
118
Reduced
299
Closed
19
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wheaton Precious Metals
WPM
|
+$20.3M |
| 2 |
Franco-Nevada
FNV
|
+$16.4M |
| 3 |
Texas Pacific Land
TPL
|
+$4.02M |
| 4 |
DSL
DoubleLine Income Solutions Fund
DSL
|
+$3.98M |
| 5 |
ExxonMobil
XOM
|
+$1.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LVNTA
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
|
+$57.4M |
| 2 |
Howard Hughes
HHH
|
+$46.6M |
| 3 |
QVCGA
QVC Group Inc Series A
QVCGA
|
+$41.1M |
| 4 |
JAH
JARDEN CORPORATION
JAH
|
+$32.8M |
| 5 |
AutoNation
AN
|
+$23.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 27.02% |
| 2 | Consumer Discretionary | 16.19% |
| 3 | Energy | 12.88% |
| 4 | Real Estate | 11.7% |
| 5 | Financials | 9.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
326
MSC Industrial Direct
MSM
$6.69B
| $519K | 0.01% |
6,803
-3,810
| -36% | -$255K |
|
327
Pegasystems
PEGA
$6.19B
| $519K | 0.01% |
40,882
-2,934
| -7% | -$35.2K |
|
328
SS&C Technologies
SSNC
$19.1B
| $519K | 0.01% |
16,376
-1,368
| -8% | -$41.5K |
|
|
TCO
329
DELISTED
Taubman Centers Inc.
TCO
| $519K | 0.01% |
7,282
-552
| -7% | -$39.1K |
|
330
Choice Hotels
CHH
$4.38B
| $518K | 0.01% |
9,576
-2,101
| -18% | -$101K |
|
331
Rayonier Advanced Materials
RYAM
$558M
| $518K | 0.01% |
54,530
+13,080
| +32% | +$103K |
|
332
American Homes 4 Rent
AMH
$11.4B
| $516K | 0.01% |
32,428
-3,648
| -10% | -$54.6K |
|
333
Brown & Brown
BRO
$22.5B
| $515K | 0.01% |
28,798
-8,430
| -23% | -$135K |
|
334
Mohawk Industries
MHK
$8.74B
| $515K | 0.01% |
2,699
-411
| -13% | -$71.5K |
|
335
Norfolk Southern
NSC
$71.9B
| $515K | 0.01% |
6,185
+256
| +4% | +$19.3K |
|
336
Rollins
ROL
$16.2B
| $515K | 0.01% |
42,730
-8,662
| -17% | -$103K |
|
|
NGHC
337
DELISTED
National General Holdings Corp
NGHC
| $515K | 0.01% |
+23,861
| New | +$481K |
|
338
D.R. Horton
DHI
$39.2B
| $514K | 0.01% |
17,004
-1,751
| -9% | -$48.1K |
|
339
Erie Indemnity
ERIE
$13.1B
| $514K | 0.01% |
5,526
-648
| -10% | -$61K |
|
340
Host Hotels & Resorts
HST
$15.2B
| $514K | 0.01% |
30,775
-8,009
| -21% | -$121K |
|
341
Silgan Holdings
SLGN
$4.06B
| $514K | 0.01% |
19,350
-3,358
| -15% | -$87.2K |
|
|
ISCA
342
DELISTED
International Speedway Corp
ISCA
| $514K | 0.01% |
13,920
-3,977
| -22% | -$136K |
|
343
American Eagle Outfitters
AEO
$2.48B
| $513K | 0.01% |
30,761
-8,194
| -21% | -$123K |
|
344
Pricesmart
PSMT
$5.18B
| $513K | 0.01% |
6,069
-944
| -13% | -$73.3K |
|
345
Trip.com Group
TCOM
$24.7B
| $513K | 0.01% |
11,600
| – | – |
|
346
Timken Company
TKR
$8.08B
| $513K | 0.01% |
15,308
-6,197
| -29% | -$180K |
|
347
TTEC Holdings
TTEC
$62.6M
| $513K | 0.01% |
18,466
-2,631
| -12% | -$70.5K |
|
|
TFCFA
348
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $513K | 0.01% |
18,390
-3,570
| -16% | -$95.6K |
|
349
Illinois Tool Works
ITW
$76.5B
| $512K | 0.01% |
4,997
-1,419
| -22% | -$131K |
|
350
MasTec
MTZ
$17.9B
| $512K | 0.01% |
25,319
-9,773
| -28% | -$160K |
|
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Horizon Kinetics's Q1 2016 Portfolio in Review
As of Q1 2016, Horizon Kinetics held 548 positions worth $4.03B, down 13% from $4.64B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Horizon Kinetics withdrew a net $514M in Q1 2016, closing 19 positions and reducing 299 holdings. Its most notable exit was Vanguard Extended Market ETF, an estimated $14.5M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 27% of assets, down from 29% a quarter earlier, followed by Consumer Discretionary and Energy.
Against the trend, Horizon Kinetics opened a new position in Tortoise Midstream Energy Fund, Inc. Common Stock worth $1.78M.
- Horizon Kinetics's largest Q1 2016 buy was Tortoise Midstream Energy Fund, Inc. Common Stock: 10,900 shares worth $1.78M.
- Horizon Kinetics added most to Wheaton Precious Metals in Q1 2016, an estimated $20.3M increase.
- Horizon Kinetics's biggest Q1 2016 reduction was Liberty Interactive Corporation Series A Liberty Ventures, cutting an estimated $57.4M.
- Horizon Kinetics fully exited Vanguard Extended Market ETF in Q1 2016, selling an estimated $14.5M.
- Horizon Kinetics's ten largest holdings make up 47% of its $4.03B portfolio in Q1 2016.
- Horizon Kinetics opened 39 new positions and closed 19 in Q1 2016.
- Horizon Kinetics's portfolio value fell 13% quarter-over-quarter to $4.03B.
Based on Horizon Kinetics's 13F filing for Q1 2016, filed 15 Apr 2016.