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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
+11.53%
1 Year Est. Return
+5.37%
3 Year Est. Return
+65.64%
5 Year Est. Return
+75.06%
10 Year Est. Return
–
AUM
$7.3B
AUM Growth
+$469M
Cap. Flow
-$327M
Cap. Flow %
-4.48%
Top 10 Hldgs %
48.05%
Holding
574
New
118
Increased
114
Reduced
223
Closed
34

Top Buys

Rank Stock Value
1
QVCGA
QVC Group Inc Series A
QVCGA
+$14.9M
2
SHLD
Sears Holding Corporation
SHLD
+$14M
3
OAK
OAKTREE CAPITAL GROUP, LLC
OAK
+$10.4M
4
VIAB
Viacom Inc. Class B
VIAB
+$9.77M
5
DSL
DoubleLine Income Solutions Fund
DSL
+$7.65M

Top Sells

Rank Stock Value
1
ELS icon
Equity Lifestyle Properties
ELS
+$87M
2
CBOE icon
Cboe Global Markets
CBOE
+$34.7M
3
JCP
J.C. Penney Company, Inc.
JCP
+$15.5M
4
HHH icon
Howard Hughes
HHH
+$14.9M
5
RSE
ROUSE PPTYS INC COM (DE)
RSE
+$14.8M

Sector Composition

Rank Sector Weight
1 Communication Services 28.73%
2 Consumer Discretionary 20.62%
3 Financials 13.99%
4 Real Estate 13.82%
5 Energy 8.48%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RSP icon
451
Invesco S&P 500 Equal Weight ETF
RSP
$98.3B
$278K ﹤0.01%
4,259
-506
-11% -$32.6K
MYF
452
DELISTED
Blackrock Muni Yield Investment Fund, Inc.
MYF
$271K ﹤0.01%
19,600
-800
-4% -$10.7K
KTF
453
DWS Municipal Income Trust
KTF
$329M
$269K ﹤0.01%
21,760
– –
GRC icon
454
Gorman-Rupp
GRC
$1.88B
$268K ﹤0.01%
8,348
– –
OSIR
455
DELISTED
Osiris Therapeutics, Inc. Common Stock
OSIR
$266K ﹤0.01%
16,000
– –
NVO
456
Novo Nordisk
NVO
$188B
$262K ﹤0.01%
15,480
– –
AYN
457
DELISTED
Alliance New York Income Fund
AYN
$262K ﹤0.01%
21,656
-8,390
-28% -$100K
TREE icon
458
LendingTree
TREE
$376M
$258K ﹤0.01%
9,833
-200
-2% -$4.38K
ACAS
459
DELISTED
American Capital Ltd
ACAS
$257K ﹤0.01%
18,695
– –
MRO
460
DELISTED
Marathon Oil Corporation
MRO
$255K ﹤0.01%
7,300
– –
SHY icon
461
iShares 1-3 Year Treasury Bond ETF
SHY
$26B
$253K ﹤0.01%
3,000
– –
FHI icon
462
Federated Hermes
FHI
$4.35B
$251K ﹤0.01%
9,244
+270
+3% +$7.68K
HYD icon
463
VanEck High Yield Muni ETF
HYD
$4.08B
$248K ﹤0.01%
4,249
-1,025
-19% -$59.9K
NVC
464
DELISTED
NUVEEN CALIF SELECT QUAL MUNI
NVC
$243K ﹤0.01%
17,420
– –
RBA icon
465
RB Global
RBA
$15.9B
$242K ﹤0.01%
12,000
-97,800
-89% -$1.89M
WPC icon
466
W.P. Carey
WPC
$15.6B
$239K ﹤0.01%
3,778
-255
-6% -$16.8K
CMU
467
DELISTED
MFS High Yield Municipal Trust
CMU
$237K ﹤0.01%
57,354
– –
EOG icon
468
EOG Resources
EOG
$80.6B
$237K ﹤0.01%
+2,804
New +$218K
ARNA
469
DELISTED
Arena Pharmaceuticals Inc
ARNA
$237K ﹤0.01%
4,500
– –
NKX icon
470
Nuveen California AMT-Free Quality Municipal Income Fund
NKX
$607M
$235K ﹤0.01%
19,052
-325
-2% -$3.99K
ACG
471
DELISTED
AllianceBernstein Income Fund Inc
ACG
$229K ﹤0.01%
32,500
+22,500
+225% +$159K
COP icon
472
ConocoPhillips
COP
$170B
$226K ﹤0.01%
3,254
-177
-5% -$11.8K
GLD icon
473
SPDR Gold Trust
GLD
$145B
$221K ﹤0.01%
1,722
-438
-20% -$56.2K
DVM
474
DELISTED
COHEN & STEERS DIV MAJORS FUND INC
DVM
$220K ﹤0.01%
16,119
+2,650
+20% +$37.6K
MFIC icon
475
MidCap Financial Investment
MFIC
$745M
$218K ﹤0.01%
8,933
– –
17 18
19
20 21

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TGA
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PWM
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APFBOT
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Horizon Kinetics's Q3 2013 Portfolio in Review

As of Q3 2013, Horizon Kinetics held 574 positions worth $7.3B, up 6.9% from $6.83B the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Horizon Kinetics withdrew a net $327M in Q3 2013, closing 34 positions and reducing 223 holdings. Its most notable exit was State Street SPDR Bloomberg High Yield Bond ETF, an estimated $3.36M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 29% of assets, up from 27% a quarter earlier, followed by Consumer Discretionary and Financials.

Against the trend, Horizon Kinetics opened a new position in HEICO Corp Class A worth $6.53M.

  • Horizon Kinetics's largest Q3 2013 buy was HEICO Corp Class A: 496,933 shares worth $6.53M.
  • Horizon Kinetics added most to QVC Group Inc Series A in Q3 2013, an estimated $14.9M increase.
  • Horizon Kinetics's biggest Q3 2013 reduction was Equity Lifestyle Properties, cutting an estimated $87M.
  • Horizon Kinetics fully exited State Street SPDR Bloomberg High Yield Bond ETF in Q3 2013, selling an estimated $3.36M.
  • Horizon Kinetics's ten largest holdings make up 48% of its $7.3B portfolio in Q3 2013.
  • Horizon Kinetics opened 118 new positions and closed 34 in Q3 2013.
  • Horizon Kinetics's portfolio value rose 6.9% quarter-over-quarter to $7.3B.

Based on Horizon Kinetics's 13F filing for Q3 2013, filed 14 Nov 2013.