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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
+2.05%
1 Year Est. Return
+5.37%
3 Year Est. Return
+65.64%
5 Year Est. Return
+75.06%
10 Year Est. Return
–
AUM
$7.99B
AUM Growth
+$70.2M
(+0.89%)
Cap. Flow
-$281M
Cap. Flow
% of AUM
-3.52%
Top 10 Holdings %
Top 10 Hldgs %
46.14%
Holding
560
New
27
Increased
223
Reduced
183
Closed
26
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
LVNTA
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
|
+$123M |
| 2 |
Element Solutions
ESI
|
+$64.4M |
| 3 |
Wendy's
WEN
|
+$43.8M |
| 4 |
SHLD
Sears Holding Corporation
SHLD
|
+$43.3M |
| 5 |
OAK
OAKTREE CAPITAL GROUP, LLC
OAK
|
+$17.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Mastercard
MA
|
+$242M |
| 2 |
Jefferies Financial Group
JEF
|
+$45.7M |
| 3 |
AutoNation
AN
|
+$32.5M |
| 4 |
FDO
FAMILY DOLLAR STORES
FDO
|
+$24.4M |
| 5 |
FCE.A
Forest City Realty Trust, Inc.
FCE.A
|
+$24.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 25.97% |
| 2 | Consumer Discretionary | 21.04% |
| 3 | Real Estate | 13.27% |
| 4 | Financials | 12.47% |
| 5 | Energy | 9.42% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ARII
76
DELISTED
American Railcar Industries, Inc.
ARII
| $12.6M | 0.16% |
180,522
+40,496
| +29% | +$2.33M |
|
77
Williams Companies
WMB
$87.7B
| $12.4M | 0.16% |
305,487
+23,612
| +8% | +$957K |
|
78
Interparfums
IPAR
$3.51B
| $12.3M | 0.15% |
340,409
+4,718
| +1% | +$159K |
|
79
Norfolk Southern
NSC
$72.2B
| $12.2M | 0.15% |
125,671
+197
| +0.2% | +$18.3K |
|
|
SPE
80
Special Opportunities Fund
SPE
$145M
| $10.8M | 0.13% |
+693,639
| New | +$10.9M |
|
81
HEICO Corp Class A
HEI.A
$31.1B
| $10M | 0.13% |
563,701
+108,999
| +24% | +$1.92M |
|
82
American International
AIG
$39.7B
| $9.65M | 0.12% |
192,964
-90,140
| -32% | -$4.48M |
|
|
CRESY
83
Cresud
CRESY
$842M
| $9.44M | 0.12% |
1,154,125
+2,499
| +0.2% | +$20.6K |
|
|
FDML
84
DELISTED
Federal-Mogul Holdings Corporation
FDML
| $9.42M | 0.12% |
503,279
+172,239
| +52% | +$3.18M |
|
|
DBL
85
DoubleLine Opportunistic Credit Fund
DBL
$276M
| $9.19M | 0.12% |
397,062
+123,634
| +45% | +$2.85M |
|
|
GENZ
86
VanEck Digital Native Economy ETF
GENZ
$17.2M
| $8.67M | 0.11% |
168,195
+5,065
| +3% | +$268K |
|
|
PFL
87
PIMCO Income Strategy Fund
PFL
$355M
| $8.16M | 0.1% |
695,803
+98,725
| +17% | +$1.15M |
|
88
Canadian Natural Resources
CNQ
$106B
| $7.69M | 0.1% |
414,535
-471,684
| -53% | -$7.97M |
|
|
WPX
89
DELISTED
WPX Energy, Inc.
WPX
| $7.24M | 0.09% |
401,491
-1,188,835
| -75% | -$21.9M |
|
|
TLI
90
DELISTED
Western Asset Corporate Loan Fund Inc.
TLI
| $7.01M | 0.09% |
577,915
+113,368
| +24% | +$1.39M |
|
|
BPY
91
DELISTED
Brookfield Property Partners L.P. Limited Partnership Units
BPY
| $6.96M | 0.09% |
372,211
-29,334
| -7% | -$564K |
|
|
ACG
92
DELISTED
AllianceBernstein Income Fund Inc
ACG
| $6.96M | 0.09% |
948,169
+150,000
| +19% | +$1.11M |
|
|
EVV
93
Eaton Vance Limited Duration Income Fund
EVV
$1.01B
| $6.76M | 0.08% |
443,596
-5,180
| -1% | -$79.2K |
|
94
Liberty Global Class C
LBTYK
$3.47B
| $6.7M | 0.08% |
203,403
+25,306
| +14% | +$846K |
|
|
WIW
95
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$502M
| $6.24M | 0.08% |
536,271
+444,471
| +484% | +$5.14M |
|
96
Virtus Investment Partners
VRTS
$913M
| $6M | 0.08% |
34,653
-571
| -2% | -$105K |
|
|
SVVC
97
DELISTED
Firsthand Technology Value Fund, Inc. Common Stock
SVVC
| $5.78M | 0.07% |
+270,825
| New | +$6.34M |
|
98
CME Group
CME
$99.1B
| $5.77M | 0.07% |
77,999
-1,056
| -1% | -$79.7K |
|
|
PCM
99
PCM Fund
PCM
$62.6M
| $5.75M | 0.07% |
472,197
-2,581
| -0.5% | -$30.9K |
|
100
Movado Group
MOV
$729M
| $5.75M | 0.07% |
126,182
+3,274
| +3% | +$133K |
|
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Horizon Kinetics's Q1 2014 Portfolio in Review
As of Q1 2014, Horizon Kinetics held 560 positions worth $7.99B, up 0.89% from $7.92B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Horizon Kinetics withdrew a net $281M in Q1 2014, closing 26 positions and reducing 183 holdings. Its most notable exit was IPATH INVERSE S&P 500 VIX SHORT-TERM FUTURES ETN, an estimated $14.4M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 26% of assets, down from 28% a quarter earlier, followed by Consumer Discretionary and Real Estate.
Against the trend, Horizon Kinetics opened a new position in Element Solutions worth $67.7M.
- Horizon Kinetics's largest Q1 2014 buy was Element Solutions: 3,553,037 shares worth $67.7M.
- Horizon Kinetics added most to Liberty Interactive Corporation Series A Liberty Ventures in Q1 2014, an estimated $123M increase.
- Horizon Kinetics's biggest Q1 2014 reduction was Mastercard, cutting an estimated $242M.
- Horizon Kinetics fully exited IPATH INVERSE S&P 500 VIX SHORT-TERM FUTURES ETN in Q1 2014, selling an estimated $14.4M.
- Horizon Kinetics's ten largest holdings make up 46% of its $7.99B portfolio in Q1 2014.
- Horizon Kinetics opened 27 new positions and closed 26 in Q1 2014.
- Horizon Kinetics's portfolio value rose 0.89% quarter-over-quarter to $7.99B.
Based on Horizon Kinetics's 13F filing for Q1 2014, filed 14 May 2014.