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
PKO
76
DELISTED
Pimco Income Opportunity Fund
PKO
$4.2M 0.14%
181,341
-37,948
-17% -$864K
PYPL icon
77
PayPal
PYPL
$49.9B
$4.08M 0.13%
103,328
-115
-0.1% -$4.62K
BIP icon
78
Brookfield Infrastructure Partners
BIP
$19.6B
$3.91M 0.13%
196,227
-393
-0.2% -$7.75K
LEXEA
79
DELISTED
Liberty Expedia Holdings, Inc. Class A Common Stock
LEXEA
$3.85M 0.12%
+97,172
New +$4.12M
VOO icon
80
Vanguard S&P 500 ETF
VOO
$956B
$3.71M 0.12%
18,056
-550
-3% -$110K
CACI icon
81
CACI
CACI
$10.8B
$3.63M 0.12%
29,200
– –
ARII
82
DELISTED
American Railcar Industries, Inc.
ARII
$3.46M 0.11%
76,279
-18,377
-19% -$777K
SHLD
83
DELISTED
Sears Holding Corporation
SHLD
$3.42M 0.11%
367,662
-1,724,532
-82% -$19.7M
DISCK
84
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
$3.25M 0.11%
121,454
-2,907
-2% -$76.6K
JNJ icon
85
Johnson & Johnson
JNJ
$640B
$3.1M 0.1%
26,905
-1,743
-6% -$201K
GLRE icon
86
Greenlight Captial
GLRE
$579M
$3.1M 0.1%
135,878
-5,478
-4% -$120K
MOV icon
87
Movado Group
MOV
$840M
$3.08M 0.1%
107,121
-136
-0.1% -$3.5K
BMY icon
88
Bristol-Myers Squibb
BMY
$129B
$3.07M 0.1%
52,592
-3,732
-7% -$204K
VSAT icon
89
Viasat
VSAT
$9.67B
$3.01M 0.1%
45,433
-48,663
-52% -$3.49M
BATRA icon
90
Atlanta Braves Holdings Series A
BATRA
$3.51B
$2.97M 0.1%
145,139
-43,053
-23% -$809K
ICE icon
91
Intercontinental Exchange
ICE
$87.2B
$2.94M 0.1%
52,150
– –
GGP
92
DELISTED
GGP Inc.
GGP
$2.93M 0.09%
117,150
-1,898
-2% -$48.5K
PBT
93
Permian Basin Royalty Trust
PBT
$1.36B
$2.91M 0.09%
377,372
+5,841
+2% +$42.3K
PM icon
94
Philip Morris
PM
$309B
$2.85M 0.09%
31,106
-202
-0.6% -$18.7K
IGSB icon
95
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23B
$2.83M 0.09%
54,000
– –
MRK icon
96
Merck
MRK
$322B
$2.82M 0.09%
50,178
+2,497
+5% +$146K
VXF icon
97
Vanguard Extended Market ETF
VXF
$30B
$2.81M 0.09%
+29,315
New +$2.71M
DHR icon
98
Danaher
DHR
$138B
$2.77M 0.09%
40,142
-659
-2% -$45.8K
SSP icon
99
E.W. Scripps
SSP
$270M
$2.7M 0.09%
139,722
-1,284
-0.9% -$20.8K
LBTYK icon
100
Liberty Global Class C
LBTYK
$3.5B
$2.62M 0.08%
88,147
+651
+0.7% +$20K
2 3
4
5 6

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.