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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
+5.97%
1 Year Est. Return
+5.37%
3 Year Est. Return
+65.64%
5 Year Est. Return
+75.06%
10 Year Est. Return
–
AUM
$3.1B
AUM Growth
-$477M
(-13%)
Cap. Flow
-$634M
Cap. Flow
% of AUM
-20.47%
Top 10 Holdings %
Top 10 Hldgs %
54.11%
Holding
530
New
22
Increased
101
Reduced
304
Closed
23
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
LGF.B
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
|
+$69.3M |
| 2 |
AC
Associated Capital Group
AC
|
+$31.3M |
| 3 |
AMC Global Media
AMCX
|
+$11.1M |
| 4 |
Texas Pacific Land
TPL
|
+$7.4M |
| 5 |
LEXEA
Liberty Expedia Holdings, Inc. Class A Common Stock
LEXEA
|
+$4.12M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
STRZA
Starz - Series A
STRZA
|
+$145M |
| 2 |
Howard Hughes
HHH
|
+$53.6M |
| 3 |
Wendy's
WEN
|
+$34.5M |
| 4 |
LSXMK
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
|
+$30.3M |
| 5 |
QVCGA
QVC Group Inc Series A
QVCGA
|
+$25.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 23.74% |
| 2 | Communication Services | 16.45% |
| 3 | Real Estate | 11.8% |
| 4 | Consumer Discretionary | 11.19% |
| 5 | Financials | 10.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Liberty Broadband Class A
LBRDA
$4.89B
| $21.6M | 0.7% |
298,449
-108,151
| -27% | -$7.42M |
|
27
Markel Group
MKL
$25.2B
| $19.9M | 0.64% |
21,968
-276
| -1% | -$246K |
|
|
CLR
28
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $19.1M | 0.62% |
371,316
-150,755
| -29% | -$7.8M |
|
29
Enovis
ENOV
$1.74B
| $17.9M | 0.58% |
288,736
-103,656
| -26% | -$6.13M |
|
|
PARA
30
DELISTED
Paramount Global Class B
PARA
| $16.3M | 0.53% |
256,592
-6,267
| -2% | -$372K |
|
31
Las Vegas Sands
LVS
$32.2B
| $16M | 0.52% |
299,101
-246,664
| -45% | -$14.4M |
|
32
Jefferies Financial Group
JEF
$12.7B
| $14.9M | 0.48% |
717,879
-288,231
| -29% | -$5.38M |
|
33
Madison Square Garden
MSGS
$9.59B
| $13.5M | 0.44% |
110,405
-1,449
| -1% | -$176K |
|
|
TPH
34
DELISTED
Tri Pointe Homes
TPH
| $13M | 0.42% |
1,132,875
-1,784,054
| -61% | -$21.3M |
|
|
OAK
35
DELISTED
OAKTREE CAPITAL GROUP, LLC
OAK
| $13M | 0.42% |
346,788
-83,975
| -19% | -$3.37M |
|
36
Warner Bros
WBD
$64.3B
| $12.4M | 0.4% |
451,535
-186,179
| -29% | -$5.05M |
|
37
Equity Lifestyle Properties
ELS
$13.1B
| $11.4M | 0.37% |
316,972
-13,244
| -4% | -$473K |
|
38
Wynn Resorts
WYNN
$10.3B
| $11.4M | 0.37% |
131,443
-9,345
| -7% | -$874K |
|
39
Liberty Media Series A
FWONA
$23.4B
| $11M | 0.36% |
368,089
-110,054
| -23% | -$3.15M |
|
|
FCE.A
40
DELISTED
Forest City Realty Trust, Inc.
FCE.A
| $10.6M | 0.34% |
507,828
-379,996
| -43% | -$7.7M |
|
|
NTG
41
DELISTED
Tortoise Midstream Energy Fund, Inc. Common Stock
NTG
| $10.5M | 0.34% |
54,901
+4,517
| +9% | +$858K |
|
42
Federated Hermes
FHI
$4.56B
| $10.4M | 0.33% |
366,324
-51,759
| -12% | -$1.43M |
|
43
Navigator Holdings
NVGS
$1.35B
| $10.3M | 0.33% |
1,111,165
-276,423
| -20% | -$2.28M |
|
44
PIMCO Dynamic Income Fund
PDI
$7.35B
| $10M | 0.32% |
362,628
-56,060
| -13% | -$1.59M |
|
|
DSL
45
DoubleLine Income Solutions Fund
DSL
$1.22B
| $10M | 0.32% |
527,412
-73,383
| -12% | -$1.36M |
|
|
QVCGA
46
DELISTED
QVC Group Inc Series A
QVCGA
| $9.91M | 0.32% |
10,214
-26,713
| -72% | -$25.8M |
|
|
DBL
47
DoubleLine Opportunistic Credit Fund
DBL
$278M
| $9.7M | 0.31% |
419,816
+2,551
| +0.6% | +$60.7K |
|
48
Element Solutions
ESI
$8.48B
| $9.15M | 0.3% |
932,507
-2,549,827
| -73% | -$21.8M |
|
|
JMF
49
DELISTED
NUVEEN ENERGY MLP TOTAL RETURN FUND
JMF
| $8.87M | 0.29% |
654,819
+16,757
| +3% | +$220K |
|
50
Alphabet (Google) Class C
GOOG
$4.11T
| $8.87M | 0.29% |
229,720
-67,780
| -23% | -$2.64M |
|
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Horizon Kinetics's Q4 2016 Portfolio in Review
As of Q4 2016, Horizon Kinetics held 530 positions worth $3.1B, down 13% from $3.57B the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Horizon Kinetics withdrew a net $634M in Q4 2016, closing 23 positions and reducing 304 holdings. Its most notable exit was Starz - Series A, an estimated $145M position sold in full.
By sector, the portfolio is most concentrated in Energy at 24% of assets, up from 17% a quarter earlier, followed by Communication Services and Real Estate.
Against the trend, Horizon Kinetics opened a new position in Lions Gate Entertainment Corp. Class B Non-Voting Shares worth $66.6M.
- Horizon Kinetics's largest Q4 2016 buy was Lions Gate Entertainment Corp. Class B Non-Voting Shares: 2,714,405 shares worth $66.6M.
- Horizon Kinetics added most to Associated Capital Group in Q4 2016, an estimated $31.3M increase.
- Horizon Kinetics's biggest Q4 2016 reduction was Howard Hughes, cutting an estimated $53.6M.
- Horizon Kinetics fully exited Starz - Series A in Q4 2016, selling an estimated $145M.
- Horizon Kinetics's ten largest holdings make up 54% of its $3.1B portfolio in Q4 2016.
- Horizon Kinetics opened 22 new positions and closed 23 in Q4 2016.
- Horizon Kinetics's portfolio value fell 13% quarter-over-quarter to $3.1B.
Based on Horizon Kinetics's 13F filing for Q4 2016, filed 14 Feb 2017.