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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
+4.25%
1 Year Est. Return
+5.37%
3 Year Est. Return
+65.64%
5 Year Est. Return
+75.06%
10 Year Est. Return
–
AUM
$3.41B
AUM Growth
+$6.08M
Cap. Flow
-$165M
Cap. Flow %
-4.84%
Top 10 Hldgs %
57.39%
Holding
510
New
18
Increased
90
Reduced
292
Closed
15

Top Buys

Rank Stock Value
1
CME icon
CME Group
CME
+$29.1M
2
CBOE icon
Cboe Global Markets
CBOE
+$18.2M
3
TPL icon
Texas Pacific Land
TPL
+$8.33M
4
VXF icon
Vanguard Extended Market ETF
VXF
+$6.32M
5
RVT icon
Royce Value Trust
RVT
+$4.37M

Top Sells

Rank Stock Value
1
VGSH icon
Vanguard Short-Term Treasury ETF
VGSH
+$32.4M
2
WEN icon
Wendy's
WEN
+$11.3M
3
NWL icon
Newell Brands
NWL
+$10.7M
4
HHH icon
Howard Hughes
HHH
+$9.67M
5
PARA
Paramount Global Class B
PARA
+$6.75M

Sector Composition

Rank Sector Weight
1 Energy 30.01%
2 Communication Services 19.19%
3 Miscellaneous 11.69%
4 Financials 11.61%
5 Real Estate 10.29%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMH icon
376
American Homes 4 Rent
AMH
$12B
$398K 0.01%
18,238
+338
+2% +$7.34K
EL icon
377
Estee Lauder
EL
$38.4B
$398K 0.01%
3,126
-443
-12% -$53.2K
RP
378
DELISTED
RealPage, Inc.
RP
$398K 0.01%
8,981
-1,008
-10% -$44K
CTAS icon
379
Cintas
CTAS
$81.7B
$397K 0.01%
10,180
-1,348
-12% -$51.3K
SRG
380
Seritage Growth Properties
SRG
$117M
$397K 0.01%
9,808
+1,216
+14% +$50.7K
GAP
381
The Gap Inc
GAP
$7.48B
$397K 0.01%
11,666
-2,397
-17% -$71.5K
NATI
382
DELISTED
National Instruments Corp
NATI
$397K 0.01%
9,538
-82
-0.9% -$3.58K
BEN icon
383
Franklin Templeton
BEN
$17.7B
$396K 0.01%
9,148
-10
-0.1% -$433
XRX icon
384
Xerox
XRX
$390M
$396K 0.01%
13,594
+1,615
+13% +$49K
AMKR icon
385
Amkor Technology
AMKR
$12.9B
$395K 0.01%
39,340
-809
-2% -$8.66K
ISCA
386
DELISTED
International Speedway Corp
ISCA
$395K 0.01%
9,920
-1,467
-13% -$58.3K
SPNT icon
387
SiriusPoint
SPNT
$2.8B
$394K 0.01%
26,861
-459
-2% -$7.39K
CRM icon
388
Salesforce
CRM
$207B
$393K 0.01%
3,849
-287
-7% -$29.2K
FCNCA icon
389
First Citizens BancShares
FCNCA
$24.4B
$393K 0.01%
975
-139
-12% -$55.7K
GRMN
390
Garmin
GRMN
$55.9B
$392K 0.01%
6,573
-970
-13% -$56.9K
VMRK
391
Vivmark Residential
VMRK
$26.1B
$390K 0.01%
6,107
+196
+3% +$13.1K
GPC icon
392
Genuine Parts
GPC
$18.8B
$390K 0.01%
4,110
– –
SSNC icon
393
SS&C Technologies
SSNC
$19.6B
$390K 0.01%
9,633
-603
-6% -$24.6K
VB icon
394
Vanguard Morningstar Small-Cap ETF
VB
$82.2B
$390K 0.01%
2,636
-199
-7% -$28.8K
HALO icon
395
Halozyme
HALO
$12.1B
$389K 0.01%
19,208
-4,399
-19% -$80.9K
STRP
396
DELISTED
Straight Path Communications Inc.
STRP
$388K 0.01%
2,134
-22
-1% -$4K
PZZA icon
397
Papa John's
PZZA
$765M
$386K 0.01%
6,881
+1,478
+27% +$92K
NGHC
398
DELISTED
National General Holdings Corp
NGHC
$386K 0.01%
19,646
-2,392
-11% -$49K
WW
399
DELISTED
WW International
WW
$385K 0.01%
8,697
-463
-5% -$21.1K
OPK icon
400
Opko Health
OPK
$1.12B
$382K 0.01%
78,019
+15,846
+25% +$91.9K
14 15
16
17 18

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Horizon Kinetics's Q4 2017 Portfolio in Review

As of Q4 2017, Horizon Kinetics held 510 positions worth $3.41B, up 0.18% from $3.4B the previous quarter. Its ten largest holdings account for 57% of the portfolio.

Horizon Kinetics withdrew a net $165M in Q4 2017, closing 15 positions and reducing 292 holdings. Its most notable exit was Direxion Daily 20+ Year Treasury Bear 3X ETF, an estimated $1.41M position sold in full.

By sector, the portfolio is most concentrated in Energy at 30% of assets, up from 28% a quarter earlier, followed by Communication Services and Miscellaneous.

Against the trend, Horizon Kinetics opened a new position in Vanguard Extended Market ETF worth $6.45M.

  • Horizon Kinetics's largest Q4 2017 buy was Vanguard Extended Market ETF: 57,686 shares worth $6.45M.
  • Horizon Kinetics added most to CME Group in Q4 2017, an estimated $29.1M increase.
  • Horizon Kinetics's biggest Q4 2017 reduction was Vanguard Short-Term Treasury ETF, cutting an estimated $32.4M.
  • Horizon Kinetics fully exited Direxion Daily 20+ Year Treasury Bear 3X ETF in Q4 2017, selling an estimated $1.41M.
  • Horizon Kinetics's ten largest holdings make up 57% of its $3.41B portfolio in Q4 2017.
  • Horizon Kinetics opened 18 new positions and closed 15 in Q4 2017.
  • Horizon Kinetics's portfolio value rose 0.18% quarter-over-quarter to $3.41B.

Based on Horizon Kinetics's 13F filing for Q4 2017, filed 14 Feb 2018.