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 | |
|---|---|---|---|---|---|---|---|
376
JBG SMITH
JBGS
$641M
| $303K | 0.01% |
8,707
-2,314
| -21% | -$87K |
2017 Q3
5 quarters
|
|
377
Boston Beer
SAM
$1.83B
| $303K | 0.01% |
1,259
-17
| -1% | -$4.75K |
2013 Q3
21 quarters
|
|
378
Xerox
XRX
$355M
| $303K | 0.01% |
15,358
+931
| +6% | +$23.9K |
2016 Q4
8 quarters
|
|
379
PENN Entertainment
PENN
$1.95B
| $302K | 0.01% |
16,057
+3,645
| +29% | +$86.7K |
2015 Q1
15 quarters
|
|
380
RPC Inc
RES
$1.32B
| $301K | 0.01% |
30,477
+3,303
| +12% | +$44.9K |
2013 Q3
21 quarters
|
|
381
Seritage Growth Properties
SRG
$91.2M
| $301K | 0.01% |
9,303
+1,201
| +15% | +$46.5K |
2015 Q3
13 quarters
|
|
382
Bath & Body Works
BBWI
$3.82B
| $300K | 0.01% |
14,437
-3,182
| -18% | -$80.2K |
2013 Q2
22 quarters
|
|
383
ImmunityBio
IBRX
$10.5B
| $300K | 0.01% |
258,475
+119,476
| +86% | +$273K |
2017 Q3
5 quarters
|
|
|
EXTN
384
DELISTED
Exterran Corporation
EXTN
| $300K | 0.01% |
16,919
+212
| +1% | +$4.75K |
2015 Q4
12 quarters
|
|
385
DELISTED
Air Lease Corp
AL
| $299K | 0.01% |
9,885
+998
| +11% | +$38.1K |
2013 Q2
22 quarters
|
|
386
CSX Corp
CSX
$89.4B
| $298K | 0.01% |
14,415
+3,099
| +27% | +$71.3K |
2016 Q4
8 quarters
|
|
|
CVA
387
DELISTED
Covanta Holding Corporation
CVA
| $298K | 0.01% |
22,187
-1,555
| -7% | -$24K |
2013 Q3
21 quarters
|
|
388
Constellation Brands
STZ
$21.6B
| $297K | 0.01% |
+1,846
| New | +$367K |
2018 Q4
0 quarters
|
|
|
ABB
389
DELISTED
ABB Ltd
ABB
| $293K | 0.01% |
15,400
+50
| +0.3% | +$1.01K |
2017 Q4
4 quarters
|
|
390
Precigen
PGEN
$2.64B
| $291K | 0.01% |
44,514
+15,524
| +54% | +$174K |
2016 Q2
10 quarters
|
|
391
DELISTED
WW International
WW
| $291K | 0.01% |
7,539
+1,777
| +31% | +$97.5K |
2016 Q3
9 quarters
|
|
392
DELISTED
Hertz Global Holdings, Inc.
HTZ
| $291K | 0.01% |
24,563
-9,603
| -28% | -$135K |
2016 Q3
9 quarters
|
|
393
W&T Offshore
WTI
$551M
| $285K | 0.01% |
69,061
+10,417
| +18% | +$66.5K |
2013 Q3
21 quarters
|
|
|
MAV
394
DELISTED
Pioneer Municipal High Income Advantage Fund
MAV
| $284K | 0.01% |
27,821
+4,331
| +18% | +$45.2K |
2017 Q2
6 quarters
|
|
395
DELISTED
NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND
NIQ
| $282K | 0.01% |
22,872
-100
| -0.4% | -$1.22K |
2015 Q4
12 quarters
|
|
|
PGNX
396
DELISTED
Progenics Pharmaceuticals Inc
PGNX
| $282K | 0.01% |
67,200
| – | – |
2013 Q2
22 quarters
|
|
397
Ameriprise Financial
AMP
$43.8B
| $280K | 0.01% |
2,681
| – | – |
2016 Q1
11 quarters
|
|
398
DELISTED
Hess
HES
| $280K | 0.01% |
6,904
+839
| +14% | +$47.8K |
2013 Q3
21 quarters
|
|
399
DELISTED
American International Group, Inc.
AIG.WS
| $280K | 0.01% |
51,389
| – | – |
2013 Q2
22 quarters
|
|
|
ENX
400
DELISTED
Eaton Vance New York Municipal Bond Fund
ENX
| $279K | 0.01% |
25,352
+4,005
| +19% | +$44K |
2013 Q2
22 quarters
|
|
Similar funds
SA
AC
OA
TGA
PWM
APFBOT
RCM
CFIC
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.