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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
+5.97%
1 Year Est. Return
+5.37%
3 Year Est. Return
+65.64%
5 Year Est. Return
+75.06%
10 Year Est. Return
–
AUM
$3.1B
AUM Growth
-$477M
(-13%)
Cap. Flow
-$640M
Cap. Flow
% of AUM
-20.66%
Top 10 Holdings %
Top 10 Hldgs %
54.11%
Holding
530
New
22
Increased
101
Reduced
304
Closed
23
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
LGF.B
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
|
+$69.3M |
| 2 |
AC
Associated Capital Group
AC
|
+$31.3M |
| 3 |
AMC Global Media
AMCX
|
+$11.1M |
| 4 |
Texas Pacific Land
TPL
|
+$7.4M |
| 5 |
LEXEA
Liberty Expedia Holdings, Inc. Class A Common Stock
LEXEA
|
+$4.12M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
STRZA
Starz - Series A
STRZA
|
+$145M |
| 2 |
Howard Hughes
HHH
|
+$53.6M |
| 3 |
Wendy's
WEN
|
+$34.5M |
| 4 |
LSXMK
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
|
+$30.3M |
| 5 |
QVCGA
QVC Group Inc Series A
QVCGA
|
+$25.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 24.45% |
| 2 | Communication Services | 22.92% |
| 3 | Real Estate | 11.82% |
| 4 | Consumer Discretionary | 11.19% |
| 5 | Financials | 10.72% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
376
Heartland Express
HTLD
$968M
| $412K | 0.01% |
20,249
-1,540
| -7% | -$30.9K |
|
377
Huntsman Corp
HUN
$1.62B
| $412K | 0.01% |
21,606
-4,570
| -17% | -$83K |
|
378
Intuit
INTU
$88B
| $412K | 0.01% |
3,599
-104
| -3% | -$11.6K |
|
379
LyondellBasell Industries
LYB
$21.1B
| $412K | 0.01% |
4,807
-435
| -8% | -$36.5K |
|
380
Meta Platforms (Facebook)
META
$1.71T
| $412K | 0.01% |
3,579
+427
| +14% | +$52.4K |
|
381
News Corp Class A
NWSA
$16.3B
| $412K | 0.01% |
35,974
+6,377
| +22% | +$78.9K |
|
382
Papa John's
PZZA
$682M
| $412K | 0.01% |
4,817
-413
| -8% | -$34.2K |
|
383
Designer Brands
DBI
$320M
| $411K | 0.01% |
18,141
-957
| -5% | -$21.7K |
|
|
HES
384
DELISTED
Hess
HES
| $411K | 0.01% |
6,604
-2,120
| -24% | -$116K |
|
385
Monster Beverage
MNST
$87.4B
| $411K | 0.01% |
37,088
+3,620
| +11% | +$41.4K |
|
386
RPC Inc
RES
$1.37B
| $411K | 0.01% |
20,754
-5,806
| -22% | -$109K |
|
387
Timken Company
TKR
$8.08B
| $411K | 0.01% |
10,365
-2,086
| -17% | -$77.5K |
|
|
AL
388
DELISTED
Air Lease Corp
AL
| $410K | 0.01% |
11,944
-3,005
| -20% | -$98.9K |
|
389
First Citizens BancShares
FCNCA
$24.4B
| $410K | 0.01% |
1,156
-314
| -21% | -$103K |
|
390
MasTec
MTZ
$17.9B
| $410K | 0.01% |
10,732
-3,801
| -26% | -$129K |
|
391
Estee Lauder
EL
$34.8B
| $408K | 0.01% |
5,336
+688
| +15% | +$55.9K |
|
392
Marcus & Millichap
MMI
$1.17B
| $408K | 0.01% |
15,283
-1,080
| -7% | -$28.1K |
|
393
Marvell Technology
MRVL
$199B
| $408K | 0.01% |
29,430
-2,307
| -7% | -$31.4K |
|
394
Raymond James Financial
RJF
$32.5B
| $408K | 0.01% |
8,831
-1,812
| -17% | -$80.1K |
|
395
Xerox
XRX
$454M
| $408K | 0.01% |
+17,715
| New | +$441K |
|
|
ISCA
396
DELISTED
International Speedway Corp
ISCA
| $408K | 0.01% |
11,088
-1,352
| -11% | -$47.5K |
|
397
Halozyme
HALO
$12.1B
| $407K | 0.01% |
41,166
+8,196
| +25% | +$89.8K |
|
|
WNR
398
DELISTED
Western Refining Inc
WNR
| $407K | 0.01% |
10,762
-3,779
| -26% | -$124K |
|
399
Kimberly-Clark
KMB
$32.8B
| $405K | 0.01% |
3,546
-100
| -3% | -$11.6K |
|
|
VTA
400
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
| $405K | 0.01% |
32,948
-35,218
| -52% | -$416K |
|
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PWM
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CFIC
Horizon Kinetics's Q4 2016 Portfolio in Review
As of Q4 2016, Horizon Kinetics held 530 positions worth $3.1B, down 13% from $3.57B the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Horizon Kinetics withdrew a net $640M in Q4 2016, closing 23 positions and reducing 304 holdings. Its most notable exit was Starz - Series A, an estimated $145M position sold in full.
By sector, the portfolio is most concentrated in Energy at 24% of assets, up from 18% a quarter earlier, followed by Communication Services and Real Estate.
Against the trend, Horizon Kinetics opened a new position in Lions Gate Entertainment Corp. Class B Non-Voting Shares worth $66.6M.
- Horizon Kinetics's largest Q4 2016 buy was Lions Gate Entertainment Corp. Class B Non-Voting Shares: 2,714,405 shares worth $66.6M.
- Horizon Kinetics added most to Associated Capital Group in Q4 2016, an estimated $31.3M increase.
- Horizon Kinetics's biggest Q4 2016 reduction was Howard Hughes, cutting an estimated $53.6M.
- Horizon Kinetics fully exited Starz - Series A in Q4 2016, selling an estimated $145M.
- Horizon Kinetics's ten largest holdings make up 54% of its $3.1B portfolio in Q4 2016.
- Horizon Kinetics opened 22 new positions and closed 23 in Q4 2016.
- Horizon Kinetics's portfolio value fell 13% quarter-over-quarter to $3.1B.
Based on Horizon Kinetics's 13F filing for Q4 2016, filed 14 Feb 2017.