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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
-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
Cap. Flow
-$179M
Cap. Flow %
-5.84%
Top 10 Hldgs %
59.41%
Holding
517
New
14
Increased
126
Reduced
256
Closed
44

Top Buys

Rank Stock Value
1
LNG icon
Cheniere Energy
LNG
+$15.1M
2
CACI icon
CACI
CACI
+$13.4M
3
GE icon
GE Aerospace
GE
+$13.4M
4
VXF icon
Vanguard Extended Market ETF
VXF
+$5.8M
5
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$5M

Top Sells

Rank Stock Value
1
VGSH icon
Vanguard Short-Term Treasury ETF
VGSH
+$26.6M
2
HHH icon
Howard Hughes
HHH
+$18.5M
3
TPL icon
Texas Pacific Land
TPL
+$14M
4
LBRDK
Liberty Broadband Class C
LBRDK
+$12.3M
5
LSXMK
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
COP icon
476
ConocoPhillips
COP
$157B
– –
-3,204
Closed -$248K
CPRT icon
477
Copart
CPRT
$30.5B
– –
-288,000
Closed -$3.71M
EOG icon
478
EOG Resources
EOG
$75.2B
– –
-1,682
Closed -$215K
ETN icon
479
Eaton
ETN
$156B
– –
-2,921
Closed -$253K
FHI icon
480
Federated Hermes
FHI
$4.81B
– –
-17,984
Closed -$434K
GD icon
481
General Dynamics
GD
$103B
– –
-1,188
Closed -$243K
GS icon
482
Goldman Sachs
GS
$301B
– –
-2,286
Closed -$513K
HALO icon
483
Halozyme
HALO
$12B
– –
-24,252
Closed -$441K
JFR icon
484
Nuveen Floating Rate Income Fund
JFR
$1.23B
– –
-10,105
Closed -$105K
JPC icon
485
Nuveen Preferred & Income Opportunities Fund
JPC
$2.77B
– –
-22,865
Closed -$212K
MFIC icon
486
MidCap Financial Investment
MFIC
$792M
– –
-4,669
Closed -$76K
NOBL icon
487
ProShares S&P 500 Dividend Aristocrats ETF
NOBL
$11.9B
– –
-40,200
Closed -$1.34M
NVDA icon
488
NVIDIA
NVDA
$5.25T
– –
-48,360
Closed -$231K
PHD
489
DELISTED
Pioneer Floating Rate Fund
PHD
– –
-10,732
Closed -$118K
PHG icon
490
Philips
PHG
$26.1B
– –
-5,935
Closed -$210K
PPT
491
Franklin Premier Income Trust
PPT
$331M
– –
-13,082
Closed -$69K
QCOM icon
492
Qualcomm
QCOM
$175B
– –
-2,836
Closed -$204K
RTX icon
493
RTX Corp
RTX
$285B
– –
-3,448
Closed -$303K
SCHV
494
Schwab US Large-Cap Value ETF
SCHV
$15.8B
– –
-11,922
Closed -$223K
SYY icon
495
Sysco
SYY
$39.3B
– –
-2,763
Closed -$203K
TUSK icon
496
Mammoth Energy Services
TUSK
$149M
– –
-97,506
Closed -$2.84M
USB icon
497
US Bancorp
USB
$97.3B
– –
-6,020
Closed -$318K
ONIT
498
Onity Group
ONIT
$296M
– –
-6,675
Closed -$395K
NATI
499
DELISTED
National Instruments Corp
NATI
– –
-8,417
Closed -$407K
MMP
500
DELISTED
Magellan Midstream Partners, L.P.
MMP
– –
-3,754
Closed -$254K
17 18 19
20
21

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AC
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OA
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TGA
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PWM
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APFBOT
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RCM
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CFIC
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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.