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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
Cap. Flow
-$216M
Cap. Flow %
-2.7%
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
ESI icon
Element Solutions
ESI
+$64.4M
3
WEN icon
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
MA icon
Mastercard
MA
+$242M
2
JEF icon
Jefferies Financial Group
JEF
+$45.7M
3
AN icon
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 25.96%
2 Consumer Discretionary 19.99%
3 Real Estate 13.26%
4 Financials 10.66%
5 Energy 8.49%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MTB icon
101
M&T Bank
MTB
$36.3B
$5.61M 0.07%
46,262
-5,921
-11% -$683K
XOM icon
102
ExxonMobil
XOM
$650B
$5.4M 0.07%
55,270
-91,066
-62% -$8.68M
CVI icon
103
CVR Energy
CVI
$3.48B
$5.39M 0.07%
127,641
+34,997
+38% +$1.39M
PAG icon
104
Penske Automotive Group
PAG
$14.7B
$4.89M 0.06%
114,453
+4,758
+4% +$207K
EBAY icon
105
eBay
EBAY
$51.2B
$4.84M 0.06%
208,187
+9,848
+5% +$229K
DMO
106
Western Asset Mortgage Opportunity Fund
DMO
$118M
$4.81M 0.06%
208,500
-188,070
-47% -$4.34M
KKR icon
107
KKR & Co
KKR
$89.1B
$4.74M 0.06%
207,390
+2,582
+1% +$62.5K
LORL
108
DELISTED
Loral Space and Communications, Inc.
LORL
$4.58M 0.06%
64,797
+404
+0.6% +$30.7K
BOKF icon
109
BOK Financial
BOKF
$8.58B
$4.19M 0.05%
60,641
-9,090
-13% -$595K
FRA icon
110
BlackRock Floating Rate Income Strategies Fund
FRA
$380M
$4.05M 0.05%
277,723
-3,120
-1% -$45.6K
EXPE icon
111
Expedia Group
EXPE
$36.5B
$3.8M 0.05%
52,353
+7,535
+17% +$546K
MTS
112
DELISTED
MONTGOMERY STR INCOME SECS
MTS
$3.77M 0.05%
234,205
+12,803
+6% +$204K
VTA
113
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
$3.71M 0.05%
286,793
+74,510
+35% +$963K
IGSB icon
114
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23B
$3.65M 0.05%
69,202
+9,800
+16% +$517K
DHR icon
115
Danaher
DHR
$138B
$3.63M 0.05%
72,027
+4,665
+7% +$237K
NMO
116
DELISTED
NUVEEN MUNI MARKET OPPORT FUND
NMO
$3.52M 0.04%
276,273
+9,613
+4% +$121K
BGT icon
117
BlackRock Floating Rate Income Trust
BGT
$321M
$3.47M 0.04%
243,746
-2,182
-0.9% -$30.9K
BIP icon
118
Brookfield Infrastructure Partners
BIP
$19.6B
$3.4M 0.04%
217,466
-169,291
-44% -$2.53M
DORM icon
119
Dorman Products
DORM
$4.22B
$3.37M 0.04%
57,061
+4,524
+9% +$248K
NSL
120
DELISTED
NUVEEN SENIOR INCM FD
NSL
$3.28M 0.04%
458,404
-1,602
-0.3% -$11.5K
BMY icon
121
Bristol-Myers Squibb
BMY
$129B
$3.26M 0.04%
62,672
– –
VVR icon
122
Invesco Senior Income Trust
VVR
$456M
$3.24M 0.04%
645,281
+35,854
+6% +$181K
SU icon
123
Suncor Energy
SU
$77.7B
$3.2M 0.04%
91,442
-50,734
-36% -$1.69M
JNJ icon
124
Johnson & Johnson
JNJ
$640B
$3.17M 0.04%
32,329
-285
-0.9% -$26.4K
AIG.WS
125
DELISTED
American International Group, Inc.
AIG.WS
$3.12M 0.04%
152,800
– –
3 4
5
6 7

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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's Q1 2014 filing shows 27 new, 223 increased, 183 reduced and 26 closed positions. Its largest new stake was Element Solutions: 3,553,037 shares worth $67.7M. The largest sale was Mastercard, an estimated $242M.

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.

  • 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.