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 | |
|---|---|---|---|---|---|---|---|
|
CRR
451
DELISTED
Carbo Ceramics Inc.
CRR
| $106K | ﹤0.01% |
30,500
-24,300
| -44% | -$121K |
2013 Q2
22 quarters
|
|
452
Invesco Senior Income Trust
VVR
$439M
| $96K | ﹤0.01% |
24,628
-908
| -4% | -$3.75K |
2015 Q1
15 quarters
|
|
453
Cleveland-Cliffs
CLF
$7.18B
| $91K | ﹤0.01% |
11,838
-23,617
| -67% | -$236K |
2018 Q2
2 quarters
|
|
454
Pacific Biosciences
PACB
$619M
| $89K | ﹤0.01% |
12,000
| – | – |
2013 Q2
22 quarters
|
|
455
Frontline
FRO
$12.5B
| $81K | ﹤0.01% |
14,700
-10,700
| -42% | -$69.9K |
2016 Q2
10 quarters
|
|
|
PGLC
456
DELISTED
Pershing Gold Corporation. Common Stock
PGLC
| $74K | ﹤0.01% |
69,842
| – | – |
2018 Q1
3 quarters
|
|
|
RIBT
457
DELISTED
RiceBran Technologies
RIBT
| $63K | ﹤0.01% |
2,095
-409
| -16% | -$11.8K |
2018 Q1
3 quarters
|
|
|
IMI
458
DELISTED
Intermolecular, Inc.
IMI
| $57K | ﹤0.01% |
56,875
-10,772
| -16% | -$10.8K |
2018 Q1
3 quarters
|
|
|
ALSK
459
DELISTED
Alaska Communications Systems
ALSK
| $54K | ﹤0.01% |
37,620
-68,414
| -65% | -$104K |
2018 Q1
3 quarters
|
|
460
DELISTED
Steel Connect, Inc. Common Stock
STCN
| $49K | ﹤0.01% |
3,060
-733
| -19% | -$12.5K |
2018 Q1
3 quarters
|
|
461
DELISTED
Trinity Place Holdings Inc.com
TPHS
| $44K | ﹤0.01% |
10,156
| – | – |
2018 Q1
3 quarters
|
|
|
OHAI
462
DELISTED
OHA Investment Corporation
OHAI
| $40K | ﹤0.01% |
40,019
-8,211
| -17% | -$10.7K |
2018 Q1
3 quarters
|
|
463
DELISTED
S&W Seed Co
SANW
| $37K | ﹤0.01% |
1,082
-435
| -29% | -$22.8K |
2018 Q1
3 quarters
|
|
464
Trilogy Metals
TMQ
$441M
| $35K | ﹤0.01% |
20,337
-52,022
| -72% | -$105K |
2013 Q2
22 quarters
|
|
465
McEwen Inc
MUX
$957M
| $31K | ﹤0.01% |
1,715
-132
| -7% | -$2.55K |
2013 Q2
22 quarters
|
|
466
Vivani Medical
VANI
$105M
| $23K | ﹤0.01% |
1,090
| – | – |
2018 Q1
3 quarters
|
|
|
GCVRZ
467
DELISTED
Sanofi Contingent Value Rights
GCVRZ
| $7K | ﹤0.01% |
15,940
| – | – |
2013 Q2
22 quarters
|
|
|
ASCMA
468
DELISTED
Ascent Capital Group, Inc. Series A
ASCMA
| $6K | ﹤0.01% |
16,111
-87,279
| -84% | -$84.8K |
2018 Q2
2 quarters
|
|
469
Celldex Therapeutics
CLDX
$2.19B
| $5K | ﹤0.01% |
1,756
| – | – |
2013 Q2
22 quarters
|
|
470
Advanced Micro Devices
AMD
$932B
| – | – |
-8,992
| Closed | -$278K | – |
|
471
Altisource Portfolio Solutions
ASPS
$65.3M
| – | – |
-1,475
| Closed | -$380K | – |
|
|
BBU
472
DELISTED
Brookfield Business Partners
BBU
| – | – |
-10,344
| Closed | -$304K | – |
|
473
British American Tobacco
BTI
$122B
| – | – |
-5,891
| Closed | -$275K | – |
|
474
BWX Technologies
BWXT
$12.3B
| – | – |
-4,182
| Closed | -$262K | – |
|
475
Colgate-Palmolive
CL
$74B
| – | – |
-3,074
| Closed | -$206K | – |
|
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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.