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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
+4.7%
1 Year Est. Return
+5.37%
3 Year Est. Return
+65.64%
5 Year Est. Return
+75.06%
10 Year Est. Return
–
AUM
$3.43B
AUM Growth
+$15.8M
Cap. Flow
-$158M
Cap. Flow %
-4.62%
Top 10 Hldgs %
60.46%
Holding
525
New
31
Increased
151
Reduced
258
Closed
17

Top Buys

Rank Stock Value
1
CVEO icon
Civeo
CVEO
+$37.4M
2
TPL icon
Texas Pacific Land
TPL
+$9.76M
3
GLIBA
GCI Liberty, Inc. Class A Common Stock (DE)
GLIBA
+$9.68M
4
NVGS icon
Navigator Holdings
NVGS
+$5.67M
5
CBOE icon
Cboe Global Markets
CBOE
+$5.48M

Top Sells

Rank Stock Value
1
HHH icon
Howard Hughes
HHH
+$30.6M
2
VGSH icon
Vanguard Short-Term Treasury ETF
VGSH
+$12.8M
3
WYNN icon
Wynn Resorts
WYNN
+$11.3M
4
WEN icon
Wendy's
WEN
+$11.2M
5
LYV icon
Live Nation Entertainment
LYV
+$11.1M

Sector Composition

Rank Sector Weight
1 Energy 33.23%
2 Communication Services 16.84%
3 Miscellaneous 11.31%
4 Financials 11.06%
5 Real Estate 9.61%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HTLD icon
401
Heartland Express
HTLD
$971M
$375K 0.01%
20,844
+3,199
+18% +$67.5K
CSX icon
402
CSX Corp
CSX
$90.2B
$374K 0.01%
20,136
-504
-2% -$9.42K
AMKR icon
403
Amkor Technology
AMKR
$11.5B
$372K 0.01%
36,681
-2,659
-7% -$27.7K
IBRX icon
404
ImmunityBio
IBRX
$8.55B
$371K 0.01%
95,484
+16,272
+21% +$71.3K
BX icon
405
Blackstone
BX
$94.9B
$370K 0.01%
11,572
-40
-0.3% -$1.36K
BEN icon
406
Franklin Templeton
BEN
$16.9B
$369K 0.01%
10,652
+1,504
+16% +$61.2K
RES icon
407
RPC Inc
RES
$1.38B
$369K 0.01%
20,489
+4,143
+25% +$86.8K
NBO
408
DELISTED
Neuberger Berman New York Municipal Fund Inc.
NBO
$369K 0.01%
31,749
+17,972
+130% +$214K
NOC icon
409
Northrop Grumman
NOC
$75.9B
$367K 0.01%
1,052
-2
-0.2% -$670
TDAY
410
USA Today Co
TDAY
$957M
$363K 0.01%
21,168
-6,791
-24% -$114K
BHC icon
411
Bausch Health
BHC
$2.11B
$362K 0.01%
22,739
– –
DAL icon
412
Delta Air Lines
DAL
$51.8B
$354K 0.01%
6,450
– –
JPC icon
413
Nuveen Preferred & Income Opportunities Fund
JPC
$2.62B
$352K 0.01%
35,195
-10,954
-24% -$108K
TSLA icon
414
Tesla
TSLA
$1.4T
$350K 0.01%
19,710
+1,995
+11% +$43.9K
NIQ
415
DELISTED
NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND
NIQ
$344K 0.01%
27,377
+3,215
+13% +$40.6K
MPC icon
416
Marathon Petroleum
MPC
$115B
$331K 0.01%
4,530
-46
-1% -$3.17K
ABB
417
DELISTED
ABB Ltd
ABB
$331K 0.01%
13,950
+6,350
+84% +$163K
CHUBA
418
DELISTED
CommerceHub, Inc. Series A Common Stock
CHUBA
$331K 0.01%
14,732
-1,175
-7% -$24.5K
BTI icon
419
British American Tobacco
BTI
$122B
$323K 0.01%
5,591
+130
+2% +$8.18K
SYK icon
420
Stryker
SYK
$108B
$322K 0.01%
2,000
– –
CVRR
421
DELISTED
CVR Refining, LP
CVRR
$320K 0.01%
24,521
+1,978
+9% +$29.3K
BBU
422
DELISTED
Brookfield Business Partners
BBU
$318K 0.01%
13,771
-4,394
-24% -$103K
BABA icon
423
Alibaba
BABA
$272B
$309K 0.01%
1,683
+117
+7% +$22K
MAS icon
424
Masco
MAS
$13.5B
$306K 0.01%
7,550
– –
SHY icon
425
iShares 1-3 Year Treasury Bond ETF
SHY
$26B
$306K 0.01%
3,669
-649
-15% -$54.2K
15 16
17
18 19

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AC
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OA
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TGA
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PWM
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CFIC
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Horizon Kinetics's Q1 2018 Portfolio in Review

As of Q1 2018, Horizon Kinetics held 525 positions worth $3.43B, up 0.46% from $3.41B the previous quarter. Its ten largest holdings account for 60% of the portfolio.

Horizon Kinetics withdrew a net $158M in Q1 2018, closing 17 positions and reducing 258 holdings. Its most notable exit was Liberty Interactive Corporation Series A Liberty Ventures, an estimated $10M position sold in full.

By sector, the portfolio is most concentrated in Energy at 33% of assets, up from 30% a quarter earlier, followed by Communication Services and Miscellaneous.

Against the trend, Horizon Kinetics opened a new position in GCI Liberty, Inc. Class A Common Stock (DE) worth $9.76M.

  • Horizon Kinetics's largest Q1 2018 buy was GCI Liberty, Inc. Class A Common Stock (DE): 184,686 shares worth $9.76M.
  • Horizon Kinetics added most to Civeo in Q1 2018, an estimated $37.4M increase.
  • Horizon Kinetics's biggest Q1 2018 reduction was Howard Hughes, cutting an estimated $30.6M.
  • Horizon Kinetics fully exited Liberty Interactive Corporation Series A Liberty Ventures in Q1 2018, selling an estimated $10M.
  • Horizon Kinetics's ten largest holdings make up 60% of its $3.43B portfolio in Q1 2018.
  • Horizon Kinetics opened 31 new positions and closed 17 in Q1 2018.
  • Horizon Kinetics's portfolio value rose 0.46% quarter-over-quarter to $3.43B.

Based on Horizon Kinetics's 13F filing for Q1 2018, filed 15 May 2018.