We are live on
!
Find out more
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
-12.27%
1 Year Est. Return
+5.37%
3 Year Est. Return
+65.64%
5 Year Est. Return
+75.06%
10 Year Est. Return
–
AUM
$5.51B
AUM Growth
-$1.44B
(-21%)
Cap. Flow
-$1.12B
Cap. Flow
% of AUM
-20.39%
Top 10 Holdings %
Top 10 Hldgs %
47.53%
Holding
537
New
22
Increased
90
Reduced
325
Closed
33
Avg Time Held Equity + Options
1.8
years
Top 10 Avg Time Held Equity + Options
1.5
years
Top 20 Avg Time Held Equity + Options
1.6
years
Avg Time Held Equity only
1.8
years
Top 10 Avg Time Held Equity only
1.7
years
Top 20 Avg Time Held Equity only
1.7
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wheaton Precious Metals
WPM
|
+$24.5M |
| 2 |
EMG
Emergent Capital, Inc.
EMG
|
+$11.7M |
| 3 |
PayPal
PYPL
|
+$7.36M |
| 4 |
LSB Industries
LXU
|
+$7.07M |
| 5 |
Texas Pacific Land
TPL
|
+$6.76M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
JAH
JARDEN CORPORATION
JAH
|
+$165M |
| 2 |
Wendy's
WEN
|
+$110M |
| 3 |
AutoNation
AN
|
+$64.5M |
| 4 |
Brookfield
BN
|
+$59.7M |
| 5 |
Howard Hughes
HHH
|
+$42.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 24.89% |
| 2 | Consumer Discretionary | 18.26% |
| 3 | Miscellaneous | 15.56% |
| 4 | Real Estate | 10.95% |
| 5 | Energy | 9.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
451
iShares MSCI Japan ETF
EWJ
$23.2B
| $216K | ﹤0.01% |
+4,725
| New | +$233K |
2015 Q3
0 quarters
|
|
452
Nuveen Select Maturities Municipal Fund
NIM
$110M
| $216K | ﹤0.01% |
21,500
| – | – |
2013 Q4
7 quarters
|
|
453
Gorman-Rupp
GRC
$1.91B
| $213K | ﹤0.01% |
8,872
+475
| +6% | +$11.8K |
2013 Q2
9 quarters
|
|
454
DELISTED
Merrimack Pharmaceuticals, Inc.
MACK
| $213K | ﹤0.01% |
3,178
+763
| +32% | +$62.3K |
2014 Q1
6 quarters
|
|
455
3M
MMM
$85.3B
| $210K | ﹤0.01% |
+1,772
| New | +$218K |
2015 Q3
0 quarters
|
|
|
NQU
456
DELISTED
NUVEEN QUALITY INCOME MUNI FD
NQU
| $208K | ﹤0.01% |
15,400
| – | – |
2013 Q2
9 quarters
|
|
|
CVRR
457
DELISTED
CVR Refining, LP
CVRR
| $207K | ﹤0.01% |
10,848
-221
| -2% | -$4.26K |
2013 Q2
9 quarters
|
|
|
EVY
458
DELISTED
Eaton Vance New York Municipal Income Trust
EVY
| $205K | ﹤0.01% |
15,321
-1,919
| -11% | -$25.8K |
2013 Q2
9 quarters
|
|
459
DELISTED
BlackRock MuniHoldings New Yrok Quality Fund
MHN
| $199K | ﹤0.01% |
14,590
| – | – |
2015 Q2
1 quarter
|
|
460
TriMas Corp
TRS
$1.4B
| $196K | ﹤0.01% |
12,000
-3,060
| -20% | -$59.8K |
2015 Q1
2 quarters
|
|
461
PIMCO Municipal Income Fund II
PML
$430M
| $195K | ﹤0.01% |
16,200
-122
| -0.7% | -$1.45K |
2013 Q2
9 quarters
|
|
462
Franklin Municipal Opportunities Trust
PMO
$262M
| $194K | ﹤0.01% |
+16,234
| New | +$192K |
2015 Q3
0 quarters
|
|
|
CPN
463
DELISTED
Calpine Corporation
CPN
| $172K | ﹤0.01% |
11,799
| – | – |
2013 Q2
9 quarters
|
|
|
BBF
464
DELISTED
BlackRock Municipal Income Investment Trust
BBF
| $170K | ﹤0.01% |
12,521
-1,000
| -7% | -$13.4K |
2013 Q2
9 quarters
|
|
465
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.03B
| $169K | ﹤0.01% |
12,954
-4,689
| -27% | -$60.5K |
2013 Q2
9 quarters
|
|
|
NPF
466
DELISTED
NUVEEN PREMIER MUNI INCOME FD
NPF
| $165K | ﹤0.01% |
12,643
-430
| -3% | -$5.6K |
2013 Q2
9 quarters
|
|
467
Eaton Vance Municipal Bond Fund
EIM
$449M
| $161K | ﹤0.01% |
12,840
| – | – |
2013 Q2
9 quarters
|
|
|
BIE
468
DELISTED
BLACKROCK MUNICIPAL BOND INVESTMENT TRUST
BIE
| $159K | ﹤0.01% |
11,073
-3,561
| -24% | -$50.5K |
2013 Q2
9 quarters
|
|
|
ROX
469
DELISTED
Castle Brands, Inc.
ROX
| $151K | ﹤0.01% |
115,000
-108,000
| -48% | -$136K |
2014 Q1
6 quarters
|
|
|
NXZ
470
DELISTED
NUVEEN DIV ADV MUNI FD-2
NXZ
| $150K | ﹤0.01% |
11,033
-5,135
| -32% | -$69.2K |
2013 Q2
9 quarters
|
|
|
FHY
471
DELISTED
First Trust Strategic High
FHY
| $149K | ﹤0.01% |
12,947
-1,017
| -7% | -$12.6K |
2013 Q2
9 quarters
|
|
472
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
| $143K | ﹤0.01% |
10,308
| – | – |
2013 Q2
9 quarters
|
|
|
FAM
473
DELISTED
First Trust/abrdn Global Opportunity Income Fund
FAM
| $141K | ﹤0.01% |
14,584
-4,939
| -25% | -$50.6K |
2013 Q2
9 quarters
|
|
474
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$802M
| $140K | ﹤0.01% |
11,154
-633
| -5% | -$7.98K |
2015 Q2
1 quarter
|
|
475
DELISTED
BlackRock MuniYield Quality Fund II
MQT
| $135K | ﹤0.01% |
10,561
-7,632
| -42% | -$96.7K |
2013 Q2
9 quarters
|
|
Similar funds
SA
AC
OA
TGA
PWM
APFBOT
RCM
CFIC
Horizon Kinetics's Q3 2015 Portfolio in Review
As of Q3 2015, Horizon Kinetics held 537 positions worth $5.51B, down 21% from $6.95B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Horizon Kinetics withdrew a net $1.12B in Q3 2015, closing 33 positions and reducing 325 holdings. Its most notable exit was CSX Corp, an estimated $22.4M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 25% of assets, down from 28% a quarter earlier, followed by Consumer Discretionary and Miscellaneous.
Against the trend, Horizon Kinetics opened a new position in Emergent Capital, Inc. worth $12M.
- Horizon Kinetics's largest Q3 2015 buy was Emergent Capital, Inc.: 2,199,813 shares worth $12M.
- Horizon Kinetics added most to Wheaton Precious Metals in Q3 2015, an estimated $24.5M increase.
- Horizon Kinetics's biggest Q3 2015 reduction was JARDEN CORPORATION, cutting an estimated $165M.
- Horizon Kinetics fully exited CSX Corp in Q3 2015, selling an estimated $22.4M.
- Horizon Kinetics's ten largest holdings make up 48% of its $5.51B portfolio in Q3 2015.
- Horizon Kinetics opened 22 new positions and closed 33 in Q3 2015.
- Horizon Kinetics's portfolio value fell 21% quarter-over-quarter to $5.51B.
Based on Horizon Kinetics's 13F filing for Q3 2015, filed 13 Nov 2015.