We are live on ! Find out more
HK

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
Cap. Flow
-$634M
Cap. Flow %
-20.47%
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
AMCX icon
AMC Global Media
AMCX
+$11.1M
4
TPL icon
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
HHH icon
Howard Hughes
HHH
+$53.6M
3
WEN icon
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
AROC icon
501
Archrock
AROC
$6.16B
– –
-34,858
Closed -$456K
GENZ
502
VanEck Digital Native Economy ETF
GENZ
$17.4M
– –
-5,574
Closed -$202K
BRW
503
Saba Capital Income & Opportunities Fund
BRW
$336M
– –
-9,807
Closed -$104K
DSU icon
504
BlackRock Debt Strategies Fund
DSU
$592M
– –
-5,195
Closed -$57K
HPS
505
John Hancock Preferred Income Fund III
HPS
$454M
– –
-25,382
Closed -$491K
JQC icon
506
Nuveen Credit Strategies Income Fund
JQC
$702M
– –
-19,861
Closed -$168K
MFIN icon
507
Medallion Financial
MFIN
$230M
– –
-100,158
Closed -$423K
PBH icon
508
Prestige Consumer Healthcare
PBH
$2.47B
– –
-15,150
Closed -$731K
PFD
509
Flaherty & Crumrine Preferred and Income Fund
PFD
$145M
– –
-22,964
Closed -$348K
TCOM icon
510
Trip.com Group
TCOM
$29B
– –
-11,600
Closed -$540K
VYM icon
511
Vanguard High Dividend Yield ETF
VYM
$80.8B
– –
-6,318
Closed -$456K
FAM
512
DELISTED
First Trust/abrdn Global Opportunity Income Fund
FAM
– –
-10,200
Closed -$120K
NTC
513
DELISTED
Nuveen Connecticut Quality Municipal Income Fund
NTC
– –
-24,544
Closed -$339K
ARE.PRD
514
DELISTED
Alexandria Real Estate Equities Inc 7.00% Series D Preferred Stock
ARE.PRD
– –
-10,317
Closed -$364K
NBD
515
DELISTED
Nuveen Build Am Bond Opp Fd
NBD
– –
-28,627
Closed -$653K
CPN
516
DELISTED
Calpine Corporation
CPN
– –
-11,798
Closed -$149K
LGF
517
DELISTED
Lions Gate Entertainment
LGF
– –
-19,575
Closed -$391K
RAX
518
DELISTED
Rackspace Hosting Inc
RAX
– –
-13,010
Closed -$412K
WPG
519
DELISTED
Washington Prime Group Inc.
WPG
– –
-3,796
Closed -$423K
STRZA
520
DELISTED
Starz - Series A
STRZA
– –
-4,657,004
Closed -$145M
HHY
521
DELISTED
Brookfield High Income Fund Inc.
HHY
– –
-203,256
Closed -$1.49M
MNE
522
DELISTED
Blackrock MUNI New York Intermediate Duration Fund, Inc.
MNE
– –
-37,861
Closed -$583K
SCTY
523
DELISTED
SolarCity Corporation
SCTY
– –
-22,447
Closed -$439K
17 18 19 20
21

Similar funds

SA
SPO Advisory San Anselmo, California $2.11B AUM 14.87% 1-Year Est. Return
AC
Ashler Capital Chicago, Illinois $1.34B AUM 12.59% 1-Year Est. Return
MFG
Mizuho Financial Group Chiyoda-Ku, Tokyo, Japan $1.21B AUM 23.35% 1-Year Est. Return
OA
Omega Advisors New York $1.02B AUM 7% 1-Year Est. Return
PWM
Patriot Wealth Management Houston, Texas $683M AUM 5.39% 1-Year Est. Return
APFBOT
Amica Pension Fund Board of Trustees Providence, Rhode Island $644M AUM 4.55% 1-Year Est. Return
RCM
Roystone Capital Management New York $590M AUM 11.49% 1-Year Est. Return
CFIC
City Financial Investment Company London, United Kingdom $562M AUM 5.93% 1-Year Est. Return

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.