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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
+0.65%
1 Year Est. Return
+5.37%
3 Year Est. Return
+65.64%
5 Year Est. Return
+75.06%
10 Year Est. Return
–
AUM
$4.03B
AUM Growth
-$613M
(-13%)
Cap. Flow
-$544M
Cap. Flow
% of AUM
-13.5%
Top 10 Holdings %
Top 10 Hldgs %
47.09%
Holding
548
New
39
Increased
118
Reduced
299
Closed
19
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wheaton Precious Metals
WPM
|
+$20.3M |
| 2 |
Franco-Nevada
FNV
|
+$16.4M |
| 3 |
Texas Pacific Land
TPL
|
+$4.02M |
| 4 |
DSL
DoubleLine Income Solutions Fund
DSL
|
+$3.98M |
| 5 |
ExxonMobil
XOM
|
+$1.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LVNTA
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
|
+$57.4M |
| 2 |
Howard Hughes
HHH
|
+$46.6M |
| 3 |
QVCGA
QVC Group Inc Series A
QVCGA
|
+$41.1M |
| 4 |
JAH
JARDEN CORPORATION
JAH
|
+$32.8M |
| 5 |
AutoNation
AN
|
+$23.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 26.84% |
| 2 | Consumer Discretionary | 16.19% |
| 3 | Energy | 12.39% |
| 4 | Real Estate | 11.67% |
| 5 | Financials | 8.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
VIAB
26
DELISTED
Viacom Inc. Class B
VIAB
| $37.1M | 0.92% |
898,674
-103,098
| -10% | -$4.09M |
|
27
Liberty Broadband Class A
LBRDA
$4.89B
| $36.9M | 0.92% |
634,016
-123,029
| -16% | -$6.2M |
|
28
Element Solutions
ESI
$8.48B
| $33.7M | 0.84% |
3,915,356
-151,421
| -4% | -$1.19M |
|
29
Las Vegas Sands
LVS
$32.2B
| $31.4M | 0.78% |
607,578
-17,635
| -3% | -$807K |
|
30
Berkshire Hathaway Class B
BRK.B
$1.1T
| $30.4M | 0.75% |
213,911
-28,947
| -12% | -$3.84M |
|
|
RSE
31
DELISTED
ROUSE PPTYS INC COM (DE)
RSE
| $26.2M | 0.65% |
1,426,949
-220,219
| -13% | -$3.8M |
|
32
Royal Gold
RGLD
$16.6B
| $24.5M | 0.61% |
476,724
+3,924
| +0.8% | +$160K |
|
|
OAK
33
DELISTED
OAKTREE CAPITAL GROUP, LLC
OAK
| $22.1M | 0.55% |
448,986
+4,833
| +1% | +$220K |
|
|
FCE.A
34
DELISTED
Forest City Realty Trust, Inc.
FCE.A
| $22M | 0.55% |
1,044,302
-85,549
| -8% | -$1.68M |
|
35
Enovis
ENOV
$1.74B
| $21.3M | 0.53% |
433,022
-58,890
| -12% | -$2.5M |
|
36
Markel Group
MKL
$25.2B
| $20.6M | 0.51% |
23,076
-1,895
| -8% | -$1.63M |
|
37
Warner Bros
WBD
$64.3B
| $20.5M | 0.51% |
717,580
+30,583
| +4% | +$819K |
|
|
38
Berkshire Hathaway Class A
BRK.A
$1.1T
| $19.6M | 0.49% |
92
-1
| -1% | -$200K |
|
|
CLR
39
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $17.8M | 0.44% |
584,758
-115,386
| -16% | -$2.61M |
|
40
Jefferies Financial Group
JEF
$12.7B
| $16.7M | 0.42% |
1,155,990
-110,685
| -9% | -$1.56M |
|
|
PARA
41
DELISTED
Paramount Global Class B
PARA
| $16.4M | 0.41% |
298,241
-29,291
| -9% | -$1.43M |
|
42
Madison Square Garden
MSGS
$9.59B
| $15M | 0.37% |
126,580
-19,332
| -13% | -$2.15M |
|
43
Wynn Resorts
WYNN
$10.3B
| $14.7M | 0.36% |
157,309
-32,772
| -17% | -$2.42M |
|
44
Vanguard Total Stock Market ETF
VTI
$646B
| $13.3M | 0.33% |
126,589
-34,234
| -21% | -$3.39M |
|
45
Equity Lifestyle Properties
ELS
$13.1B
| $13.3M | 0.33% |
364,388
-21,128
| -5% | -$724K |
|
46
Visa
V
$701B
| $13.2M | 0.33% |
172,664
-2,936
| -2% | -$213K |
|
|
DBL
47
DoubleLine Opportunistic Credit Fund
DBL
$278M
| $13.1M | 0.33% |
493,824
-8,903
| -2% | -$230K |
|
48
MGM Resorts International
MGM
$11.7B
| $12.8M | 0.32% |
598,760
-10,550
| -2% | -$208K |
|
49
Alphabet (Google) Class C
GOOG
$4.11T
| $11.7M | 0.29% |
315,120
-328,820
| -51% | -$11.8M |
|
|
50
Alphabet (Google) Class A
GOOGL
$4.12T
| $11.5M | 0.28% |
300,740
-314,840
| -51% | -$11.6M |
|
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Horizon Kinetics's Q1 2016 Portfolio in Review
As of Q1 2016, Horizon Kinetics held 548 positions worth $4.03B, down 13% from $4.64B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Horizon Kinetics withdrew a net $544M in Q1 2016, closing 19 positions and reducing 299 holdings. Its most notable exit was Vanguard Extended Market ETF, an estimated $14.5M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 27% of assets, down from 29% a quarter earlier, followed by Consumer Discretionary and Energy.
Against the trend, Horizon Kinetics opened a new position in Tortoise Midstream Energy Fund, Inc. Common Stock worth $1.78M.
- Horizon Kinetics's largest Q1 2016 buy was Tortoise Midstream Energy Fund, Inc. Common Stock: 10,900 shares worth $1.78M.
- Horizon Kinetics added most to Wheaton Precious Metals in Q1 2016, an estimated $20.3M increase.
- Horizon Kinetics's biggest Q1 2016 reduction was Liberty Interactive Corporation Series A Liberty Ventures, cutting an estimated $57.4M.
- Horizon Kinetics fully exited Vanguard Extended Market ETF in Q1 2016, selling an estimated $14.5M.
- Horizon Kinetics's ten largest holdings make up 47% of its $4.03B portfolio in Q1 2016.
- Horizon Kinetics opened 39 new positions and closed 19 in Q1 2016.
- Horizon Kinetics's portfolio value fell 13% quarter-over-quarter to $4.03B.
Based on Horizon Kinetics's 13F filing for Q1 2016, filed 15 Apr 2016.