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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
+11.53%
1 Year Est. Return
+5.37%
3 Year Est. Return
+65.64%
5 Year Est. Return
+75.06%
10 Year Est. Return
–
AUM
$7.3B
AUM Growth
+$469M
(+6.9%)
Cap. Flow
-$327M
Cap. Flow
% of AUM
-4.48%
Top 10 Holdings %
Top 10 Hldgs %
48.05%
Holding
574
New
118
Increased
114
Reduced
223
Closed
34
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
QVCGA
QVC Group Inc Series A
QVCGA
|
+$14.9M |
| 2 |
SHLD
Sears Holding Corporation
SHLD
|
+$14M |
| 3 |
OAK
OAKTREE CAPITAL GROUP, LLC
OAK
|
+$10.4M |
| 4 |
VIAB
Viacom Inc. Class B
VIAB
|
+$9.77M |
| 5 |
DSL
DoubleLine Income Solutions Fund
DSL
|
+$7.65M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Equity Lifestyle Properties
ELS
|
+$87M |
| 2 |
Cboe Global Markets
CBOE
|
+$34.7M |
| 3 |
JCP
J.C. Penney Company, Inc.
JCP
|
+$15.5M |
| 4 |
Howard Hughes
HHH
|
+$14.9M |
| 5 |
RSE
ROUSE PPTYS INC COM (DE)
RSE
|
+$14.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 28.73% |
| 2 | Consumer Discretionary | 20.62% |
| 3 | Financials | 13.99% |
| 4 | Real Estate | 13.82% |
| 5 | Energy | 8.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
351
Tootsie Roll Industries
TR
$2.84B
| $348K | ﹤0.01% |
+16,578
| New | +$368K |
|
|
NATI
352
DELISTED
National Instruments Corp
NATI
| $348K | ﹤0.01% |
+11,239
| New | +$327K |
|
353
Rollins
ROL
$16.2B
| $346K | ﹤0.01% |
+44,040
| New | +$338K |
|
354
Starbucks
SBUX
$110B
| $346K | ﹤0.01% |
+8,984
| New | +$323K |
|
355
Choice Hotels
CHH
$4.38B
| $345K | ﹤0.01% |
+7,999
| New | +$331K |
|
356
Hilltop Holdings
HTH
$2.23B
| $345K | ﹤0.01% |
+18,663
| New | +$314K |
|
|
PML
357
PIMCO Municipal Income Fund II
PML
$453M
| $345K | ﹤0.01% |
31,273
-215
| -0.7% | -$2.38K |
|
358
Under Armour
UAA
$2.13B
| $345K | ﹤0.01% |
+17,352
| New | +$306K |
|
|
MENT
359
DELISTED
Mentor Graphics Corp
MENT
| $345K | ﹤0.01% |
+14,783
| New | +$317K |
|
360
Comcast
CMCSA
$86.7B
| $344K | ﹤0.01% |
+15,248
| New | +$332K |
|
361
iShares Short-Term National Muni Bond ETF
SUB
$11.6B
| $344K | ﹤0.01% |
3,244
-25
| -0.8% | -$2.64K |
|
362
RPC Inc
RES
$1.37B
| $343K | ﹤0.01% |
+22,185
| New | +$325K |
|
363
Dick's Sporting Goods
DKS
$11B
| $342K | ﹤0.01% |
+6,415
| New | +$323K |
|
364
MarketAxess Holdings
MKTX
$5.75B
| $342K | ﹤0.01% |
5,700
-300
| -5% | -$16K |
|
365
Pegasystems
PEGA
$6.19B
| $342K | ﹤0.01% |
+34,360
| New | +$314K |
|
366
Pricesmart
PSMT
$5.18B
| $342K | ﹤0.01% |
+3,586
| New | +$322K |
|
|
SYNT
367
DELISTED
Syntel Inc
SYNT
| $342K | ﹤0.01% |
+8,538
| New | +$310K |
|
368
Buckle
BKE
$2.04B
| $341K | ﹤0.01% |
+6,454
| New | +$340K |
|
369
Bruker
BRKR
$8.49B
| $341K | ﹤0.01% |
+16,530
| New | +$316K |
|
|
ARG
370
DELISTED
Airgas Inc
ARG
| $341K | ﹤0.01% |
+3,211
| New | +$330K |
|
371
Altisource Portfolio Solutions
ASPS
$65.2M
| $340K | ﹤0.01% |
+303
| New | +$294K |
|
372
Credit Acceptance
CACC
$6.23B
| $340K | ﹤0.01% |
+3,067
| New | +$340K |
|
373
Columbia Sportswear
COLM
$2.89B
| $340K | ﹤0.01% |
+11,286
| New | +$344K |
|
374
First Citizens BancShares
FCNCA
$24.4B
| $340K | ﹤0.01% |
+1,654
| New | +$340K |
|
375
Morningstar
MORN
$7.57B
| $340K | ﹤0.01% |
+4,289
| New | +$332K |
|
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Horizon Kinetics's Q3 2013 Portfolio in Review
As of Q3 2013, Horizon Kinetics held 574 positions worth $7.3B, up 6.9% from $6.83B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Horizon Kinetics withdrew a net $327M in Q3 2013, closing 34 positions and reducing 223 holdings. Its most notable exit was State Street SPDR Bloomberg High Yield Bond ETF, an estimated $3.36M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 29% of assets, up from 27% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Horizon Kinetics opened a new position in HEICO Corp Class A worth $6.53M.
- Horizon Kinetics's largest Q3 2013 buy was HEICO Corp Class A: 496,933 shares worth $6.53M.
- Horizon Kinetics added most to QVC Group Inc Series A in Q3 2013, an estimated $14.9M increase.
- Horizon Kinetics's biggest Q3 2013 reduction was Equity Lifestyle Properties, cutting an estimated $87M.
- Horizon Kinetics fully exited State Street SPDR Bloomberg High Yield Bond ETF in Q3 2013, selling an estimated $3.36M.
- Horizon Kinetics's ten largest holdings make up 48% of its $7.3B portfolio in Q3 2013.
- Horizon Kinetics opened 118 new positions and closed 34 in Q3 2013.
- Horizon Kinetics's portfolio value rose 6.9% quarter-over-quarter to $7.3B.
Based on Horizon Kinetics's 13F filing for Q3 2013, filed 14 Nov 2013.