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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 | |
|---|---|---|---|---|---|---|
51
Alphabet (Google) Class A
GOOGL
$4.12T
| $8.65M | 0.28% |
218,260
-68,040
| -24% | -$2.72M |
|
52
Mastercard
MA
$498B
| $8.26M | 0.27% |
80,043
-4,470
| -5% | -$463K |
|
53
PUT
Cboe Global Markets
CBOE
$32.2B
| $8M | 0.26% |
160,000
| – | – |
|
|
LVNTA
54
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $7.79M | 0.25% |
211,190
-167,923
| -44% | -$6.6M |
|
55
Interparfums
IPAR
$4.07B
| $7.24M | 0.23% |
221,015
-97
| -0% | -$3.21K |
|
56
Vanguard Morningstar Total Stock Market ETF
VTI
$646B
| $7.23M | 0.23% |
62,685
+19,779
| +46% | +$2.22M |
|
57
Williams Companies
WMB
$85.8B
| $6.86M | 0.22% |
220,194
-7,190
| -3% | -$217K |
|
58
Berkshire Hathaway Class A
BRK.A
$1.1T
| $6.84M | 0.22% |
28
-64
| -70% | -$14.8M |
|
|
TWX
59
DELISTED
Time Warner Inc
TWX
| $6.58M | 0.21% |
68,139
-827
| -1% | -$73.6K |
|
60
Atlanta Braves Holdings Series B
BATRK
$3.28B
| $6.23M | 0.2% |
302,376
-102,080
| -25% | -$1.9M |
|
|
PFN
61
PIMCO Income Strategy Fund II
PFN
$695M
| $6.18M | 0.2% |
650,901
-304,665
| -32% | -$2.82M |
|
62
ExxonMobil
XOM
$650B
| $6.08M | 0.2% |
67,375
-315
| -0.5% | -$27.5K |
|
63
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.36B
| $6.03M | 0.19% |
452,146
-85,243
| -16% | -$1.15M |
|
64
Visa
V
$677B
| $5.37M | 0.17% |
68,864
-93,800
| -58% | -$7.54M |
|
65
MGM Resorts International
MGM
$11.7B
| $5.34M | 0.17% |
185,210
-358,250
| -66% | -$9.92M |
|
|
MSGN
66
DELISTED
MSG Networks Inc.
MSGN
| $5.34M | 0.17% |
248,212
-7,111
| -3% | -$142K |
|
|
TYG
67
Tortoise Energy Infrastructure Corp
TYG
$1.08B
| $4.84M | 0.16% |
39,427
-230
| -0.6% | -$27.9K |
|
68
Loews
L
$24.5B
| $4.76M | 0.15% |
101,578
+59,389
| +141% | +$2.61M |
|
69
Penske Automotive Group
PAG
$14.7B
| $4.66M | 0.15% |
89,966
-583
| -0.6% | -$28.4K |
|
70
Kraft Heinz
KHC
$32.8B
| $4.63M | 0.15% |
53,062
-5,453
| -9% | -$466K |
|
71
Par Pacific Holdings
PARR
$4.17B
| $4.5M | 0.15% |
309,447
-85,830
| -22% | -$1.22M |
|
|
CTR
72
DELISTED
ClearBridge MLP and Midstream Total Return Fund Inc.
CTR
| $4.4M | 0.14% |
68,840
+3,665
| +6% | +$229K |
|
|
CEM
73
DELISTED
ClearBridge MLP and Midstream Fund Inc.
CEM
| $4.35M | 0.14% |
55,897
+2,433
| +5% | +$188K |
|
|
AFSI
74
DELISTED
AmTrust Financial Services, Inc.
AFSI
| $4.31M | 0.14% |
157,314
-1,136
| -0.7% | -$30.2K |
|
|
PFL
75
PIMCO Income Strategy Fund
PFL
$382M
| $4.28M | 0.14% |
404,778
-107,863
| -21% | -$1.12M |
|
Similar funds
SA
AC
MFG
OA
PWM
APFBOT
RCM
CFIC
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.