We are live on ! Find out more
HK

Horizon Kinetics Portfolio holdings

AUM $3.06B
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
Cap. Flow
-$1.12B
Cap. Flow %
-20.39%
Top 10 Hldgs %
47.53%
Holding
537
New
22
Increased
90
Reduced
325
Closed
33

Top Buys

Rank Stock Value
1
WPM icon
Wheaton Precious Metals
WPM
+$24.5M
2
EMG
Emergent Capital, Inc.
EMG
+$11.7M
3
PYPL icon
PayPal
PYPL
+$7.36M
4
LXU icon
LSB Industries
LXU
+$7.07M
5
TPL icon
Texas Pacific Land
TPL
+$6.76M

Top Sells

Rank Stock Value
1
JAH
JARDEN CORPORATION
JAH
+$165M
2
WEN icon
Wendy's
WEN
+$110M
3
AN icon
AutoNation
AN
+$64.5M
4
BN icon
Brookfield
BN
+$59.7M
5
HHH icon
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
JFR icon
376
Nuveen Floating Rate Income Fund
JFR
$1.22B
$554K 0.01%
55,107
-77,565
-58% -$812K
MCD icon
377
McDonald's
MCD
$184B
$554K 0.01%
5,626
-787
-12% -$76.7K
HALO icon
378
Halozyme
HALO
$12.1B
$543K 0.01%
40,441
-1,646
-4% -$33K
AKRX
379
DELISTED
Akorn Inc
AKRX
$538K 0.01%
18,866
-419
-2% -$17.3K
MKTX icon
380
MarketAxess Holdings
MKTX
$5.72B
$529K 0.01%
5,700
– –
SEB icon
381
Seaboard Corp
SEB
$3.78B
$524K 0.01%
170
-60
-26% -$200K
FCX icon
382
Freeport-McMoran
FCX
$113B
$517K 0.01%
53,350
-5,000
-9% -$60K
PG icon
383
Procter & Gamble
PG
$333B
$493K 0.01%
6,847
+1,326
+24% +$99.4K
MINT icon
384
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
$17.4B
$486K 0.01%
4,816
– –
MTS
385
DELISTED
MONTGOMERY STR INCOME SECS
MTS
$483K 0.01%
27,733
-915
-3% -$15.5K
CINF icon
386
Cincinnati Financial
CINF
$26.5B
$482K 0.01%
8,953
-200
-2% -$10.7K
MHFI
387
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
$482K 0.01%
5,572
-1,480
-21% -$146K
WRK
388
DELISTED
WestRock Company
WRK
$481K 0.01%
+10,389
New +$557K
IFF icon
389
International Flavors & Fragrances
IFF
$22.2B
$480K 0.01%
4,650
– –
NQM
390
DELISTED
NUVEEN INVESTMENT QLTY MUNI FD
NQM
$474K 0.01%
31,988
-123
-0.4% -$1.81K
WIA
391
Western Asset Inflation-Linked Income Fund
WIA
$186M
$470K 0.01%
44,512
-1,457
-3% -$15.9K
DGX icon
392
Quest Diagnostics
DGX
$27B
$464K 0.01%
7,550
– –
HUN icon
393
Huntsman Corp
HUN
$1.69B
$464K 0.01%
47,916
+7,986
+20% +$137K
BAX icon
394
Baxter International
BAX
$13.4B
$459K 0.01%
13,972
-10,002
-42% -$379K
TIME
395
DELISTED
Time Inc.
TIME
$454K 0.01%
23,801
-1,874
-7% -$39.6K
NSC icon
396
Norfolk Southern
NSC
$78.1B
$453K 0.01%
5,929
-118,091
-95% -$9.6M
HIO
397
Western Asset High Income Opportunity Fund
HIO
$330M
$446K 0.01%
95,035
– –
NXEO
398
DELISTED
Nexeo Solutions, Inc. Common Stock
NXEO
$434K 0.01%
41,860
-298
-0.7% -$3.08K
JMG
399
DELISTED
JOURNAL MEDIA GROUP INC COM
JMG
$427K 0.01%
56,913
-829
-1% -$6.14K
NVO
400
Novo Nordisk
NVO
$205B
$425K 0.01%
15,654
+174
+1% +$4.93K
14 15
16
17 18

Similar funds

SA
SPO Advisory San Anselmo, California $2.11B AUM 14.87% 1-Year Est. Return
AC
Ashler Capital Chicago, Illinois $1.34B AUM 12.59% 1-Year Est. Return
OA
Omega Advisors New York $1.02B AUM 7% 1-Year Est. Return
TGA
Trilogy Global Advisors Winter Park, Florida $712M AUM 8.54% 1-Year Est. Return
PWM
Patriot Wealth Management Houston, Texas $683M AUM 5.39% 1-Year Est. Return
APFBOT
Amica Pension Fund Board of Trustees Providence, Rhode Island $644M AUM 4.55% 1-Year Est. Return
RCM
Roystone Capital Management New York $590M AUM 11.49% 1-Year Est. Return
CFIC
City Financial Investment Company London, United Kingdom $562M AUM 5.93% 1-Year Est. Return

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.