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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
+4.89%
1 Year Est. Return
+5.37%
3 Year Est. Return
+65.64%
5 Year Est. Return
+75.06%
10 Year Est. Return
–
AUM
$4.64B
AUM Growth
-$872M
(-16%)
Cap. Flow
-$516M
Cap. Flow
% of AUM
-11.12%
Top 10 Holdings %
Top 10 Hldgs %
47.49%
Holding
528
New
25
Increased
72
Reduced
320
Closed
20
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$22.8M |
| 2 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$15.9M |
| 3 |
Vanguard S&P 500 ETF
VOO
|
+$14.5M |
| 4 |
Vanguard Extended Market ETF
VXF
|
+$8.96M |
| 5 |
Federated Hermes
FHI
|
+$7.12M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
JAH
JARDEN CORPORATION
JAH
|
+$44.2M |
| 2 |
Madison Square Garden
MSGS
|
+$37.1M |
| 3 |
Cboe Global Markets
CBOE
|
+$31.2M |
| 4 |
TPH
Tri Pointe Homes
TPH
|
+$29.5M |
| 5 |
SHLD
Sears Holding Corporation
SHLD
|
+$29.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 28.96% |
| 2 | Consumer Discretionary | 20.09% |
| 3 | Real Estate | 11.93% |
| 4 | Energy | 10.58% |
| 5 | Financials | 8.96% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Brookfield Infrastructure Partners
BIP
$17.9B
| $2.98M | 0.06% |
198,178
+5,746
| +3% | +$91.5K |
|
102
Greenlight Captial
GLRE
$503M
| $2.95M | 0.06% |
157,731
-26,438
| -14% | -$563K |
|
|
DMO
103
Western Asset Mortgage Opportunity Fund
DMO
$117M
| $2.93M | 0.06% |
124,432
-1,498
| -1% | -$35.9K |
|
104
Intercontinental Exchange
ICE
$90.5B
| $2.89M | 0.06% |
56,455
-190
| -0.3% | -$9.56K |
|
105
Philip Morris
PM
$297B
| $2.85M | 0.06% |
32,379
-551
| -2% | -$47.8K |
|
106
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23.4B
| $2.85M | 0.06% |
54,400
-14,200
| -21% | -$745K |
|
|
PCM
107
PCM Fund
PCM
$66.7M
| $2.83M | 0.06% |
305,768
-24,060
| -7% | -$228K |
|
|
FDML
108
DELISTED
Federal-Mogul Holdings Corporation
FDML
| $2.77M | 0.06% |
404,640
-8,345
| -2% | -$64.1K |
|
109
American International
AIG
$40.1B
| $2.68M | 0.06% |
43,239
-8,037
| -16% | -$490K |
|
110
Eli Lilly
LLY
$1.05T
| $2.56M | 0.06% |
30,447
| – | – |
|
111
iShares Russell 3000 ETF
IWV
$20.4B
| $2.55M | 0.05% |
+21,187
| New | +$2.58M |
|
112
Novartis
NVS
$294B
| $2.47M | 0.05% |
32,085
| – | – |
|
|
CVC
113
DELISTED
CABLEVISION SYS CP NY GRP CL-A
CVC
| $2.41M | 0.05% |
75,435
-10,132
| -12% | -$321K |
|
114
Biogen
BIIB
$32.7B
| $2.36M | 0.05% |
7,705
-8
| -0.1% | -$2.3K |
|
|
PCI
115
DELISTED
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
| $2.33M | 0.05% |
128,997
-32,009
| -20% | -$591K |
|
|
YHOO
116
DELISTED
Yahoo Inc
YHOO
| $2.29M | 0.05% |
68,959
-4,226
| -6% | -$141K |
|
117
Merck
MRK
$369B
| $2.27M | 0.05% |
45,096
-252
| -0.6% | -$12.7K |
|
118
BGC Group
BGC
$5.75B
| $2.26M | 0.05% |
358,689
-57,580
| -14% | -$331K |
|
119
Vanguard Short-Term Corporate Bond ETF
VCSH
$45.1B
| $2.25M | 0.05% |
28,471
-147,152
| -84% | -$11.7M |
|
120
Lands' End
LE
$366M
| $2.24M | 0.05% |
95,464
-50,944
| -35% | -$1.23M |
|
121
GE Aerospace
GE
$356B
| $2.21M | 0.05% |
14,774
+556
| +4% | +$79K |
|
122
Carnival Corporation Ltd
CCL
$34.2B
| $2.2M | 0.05% |
40,403
-4,096
| -9% | -$212K |
|
123
Green Brick Partners
GRBK
$3.13B
| $2.2M | 0.05% |
305,160
-25,347
| -8% | -$225K |
|
|
SPE
124
Special Opportunities Fund
SPE
$144M
| $2.18M | 0.05% |
173,168
-56,362
| -25% | -$765K |
|
125
BlackRock Floating Rate Income Strategies Fund
FRA
$388M
| $2.18M | 0.05% |
168,737
-16,042
| -9% | -$205K |
|
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SA
AC
OA
TGA
PWM
APFBOT
RCM
CFIC
Horizon Kinetics's Q4 2015 Portfolio in Review
As of Q4 2015, Horizon Kinetics held 528 positions worth $4.64B, down 16% from $5.51B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Horizon Kinetics withdrew a net $516M in Q4 2015, closing 20 positions and reducing 320 holdings. Its most notable exit was SIGMA - ALDRICH CORP, an estimated $2.94M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 29% of assets, up from 25% a quarter earlier, followed by Consumer Discretionary and Real Estate.
Against the trend, Horizon Kinetics opened a new position in Alphabet (Google) Class A worth $23.9M.
- Horizon Kinetics's largest Q4 2015 buy was Alphabet (Google) Class A: 615,580 shares worth $23.9M.
- Horizon Kinetics added most to Vanguard Morningstar Total Stock Market ETF in Q4 2015, an estimated $15.9M increase.
- Horizon Kinetics's biggest Q4 2015 reduction was JARDEN CORPORATION, cutting an estimated $44.2M.
- Horizon Kinetics fully exited SIGMA - ALDRICH CORP in Q4 2015, selling an estimated $2.94M.
- Horizon Kinetics's ten largest holdings make up 47% of its $4.64B portfolio in Q4 2015.
- Horizon Kinetics opened 25 new positions and closed 20 in Q4 2015.
- Horizon Kinetics's portfolio value fell 16% quarter-over-quarter to $4.64B.
Based on Horizon Kinetics's 13F filing for Q4 2015, filed 12 Feb 2016.