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 | |
|---|---|---|---|---|---|---|---|
401
Walmart Inc
WMT
$922B
| $276K | 0.01% |
8,892
| – | – |
2017 Q3
5 quarters
|
|
402
Northrop Grumman
NOC
$70.4B
| $273K | 0.01% |
1,115
+63
| +6% | +$17.4K |
2016 Q1
11 quarters
|
|
403
WPP
WPP
$5.52B
| $272K | 0.01% |
4,967
| – | – |
2018 Q1
3 quarters
|
|
404
Aflac
AFL
$59.3B
| $269K | 0.01% |
5,900
| – | – |
2016 Q1
11 quarters
|
|
405
Home Depot
HD
$295B
| $265K | 0.01% |
+1,544
| New | +$277K |
2018 Q4
0 quarters
|
|
406
Marathon Petroleum
MPC
$136B
| $265K | 0.01% |
4,495
+21
| +0.5% | +$1.43K |
2016 Q4
8 quarters
|
|
407
Ingredion
INGR
$6.14B
| $263K | 0.01% |
2,875
| – | – |
2018 Q2
2 quarters
|
|
408
DELISTED
Diamond Offshore Drilling
DO
| $260K | 0.01% |
27,533
-56,438
| -67% | -$801K |
2017 Q4
4 quarters
|
|
|
JPS
409
DELISTED
Nuveen Preferred & Income Securities Fund
JPS
| $259K | 0.01% |
31,312
-15,289
| -33% | -$127K |
2016 Q2
10 quarters
|
|
410
Eaton Vance Senior Floating-Rate Fund
EFR
$301M
| $256K | 0.01% |
20,379
| – | – |
2013 Q2
22 quarters
|
|
|
OSIR
411
DELISTED
Osiris Therapeutics, Inc. Common Stock
OSIR
| $256K | 0.01% |
19,000
| – | – |
2018 Q3
1 quarter
|
|
412
Alibaba
BABA
$277B
| $253K | 0.01% |
1,844
-254
| -12% | -$37.6K |
2017 Q2
6 quarters
|
|
413
Linde
LIN
$227B
| $247K | 0.01% |
+1,585
| New | +$250K |
2018 Q4
0 quarters
|
|
414
Elevance Health
ELV
$92.8B
| $243K | 0.01% |
924
+78
| +9% | +$21.4K |
2018 Q2
2 quarters
|
|
415
CVS Health
CVS
$116B
| $242K | 0.01% |
3,690
+576
| +18% | +$43K |
2018 Q3
1 quarter
|
|
416
Lockheed Martin
LMT
$121B
| $227K | 0.01% |
866
+42
| +5% | +$12.7K |
2017 Q1
7 quarters
|
|
417
Eaton Vance Limited Duration Income Fund
EVV
$956M
| $226K | 0.01% |
18,966
-5,479
| -22% | -$66.8K |
2013 Q2
22 quarters
|
|
418
American Tower
AMT
$83.6B
| $225K | 0.01% |
1,425
| – | – |
2017 Q4
4 quarters
|
|
419
DELISTED
BlackRock Municipal Income Quality Trust
BYM
| $225K | 0.01% |
18,053
| – | – |
2018 Q1
3 quarters
|
|
|
BSE
420
DELISTED
BLACKROCK NEW YORK MUNICIPAL INCOME QUALITY TRUST
BSE
| $225K | 0.01% |
18,654
| – | – |
2013 Q2
22 quarters
|
|
421
Masco
MAS
$13.7B
| $221K | 0.01% |
7,550
| – | – |
2017 Q2
6 quarters
|
|
|
IBKC
422
DELISTED
IBERIABANK Corp
IBKC
| $218K | 0.01% |
3,396
| – | – |
2018 Q1
3 quarters
|
|
423
Western Asset Intermediate Muni Fund
SBI
$99.7M
| $217K | 0.01% |
25,971
-994
| -4% | -$8.27K |
2015 Q4
12 quarters
|
|
424
General Mills
GIS
$17.2B
| $215K | 0.01% |
5,524
+100
| +2% | +$4.22K |
2018 Q2
2 quarters
|
|
425
BlackRock MuniYield New York Quality Fund
MYN
$822M
| $213K | 0.01% |
18,524
-7,465
| -29% | -$84.7K |
2013 Q2
22 quarters
|
|
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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.