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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
-20.73%
1 Year Est. Return
+5.37%
3 Year Est. Return
+65.64%
5 Year Est. Return
+75.06%
10 Year Est. Return
–
AUM
$3.06B
AUM Growth
-$1.05B
(-25%)
Cap. Flow
-$179M
Cap. Flow
% of AUM
-5.84%
Top 10 Holdings %
Top 10 Hldgs %
59.41%
Holding
517
New
14
Increased
126
Reduced
256
Closed
44
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cheniere Energy
LNG
|
+$15.1M |
| 2 |
CACI
CACI
|
+$13.4M |
| 3 |
GE Aerospace
GE
|
+$13.4M |
| 4 |
Vanguard Extended Market ETF
VXF
|
+$5.8M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Short-Term Treasury ETF
VGSH
|
+$26.6M |
| 2 |
Howard Hughes
HHH
|
+$18.5M |
| 3 |
Texas Pacific Land
TPL
|
+$14M |
| 4 |
LBRDK
Liberty Broadband Class C
LBRDK
|
+$12.3M |
| 5 |
LSXMK
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
|
+$12.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 38.17% |
| 2 | Miscellaneous | 14.25% |
| 3 | Communication Services | 13.24% |
| 4 | Financials | 11.44% |
| 5 | Real Estate | 6.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
BP
BP
$109B
| $1.46M | 0.05% |
39,779
-1,715
| -4% | -$68.5K |
|
127
Nuveen Quality Municipal Income Fund
NAD
$2.73B
| $1.41M | 0.05% |
112,236
| – | – |
|
128
Caterpillar
CAT
$368B
| $1.4M | 0.05% |
10,976
+371
| +3% | +$48.3K |
|
129
Emerson Electric
EMR
$86.6B
| $1.38M | 0.04% |
23,022
-2,671
| -10% | -$180K |
|
130
Biogen
BIIB
$32.3B
| $1.34M | 0.04% |
4,450
-75
| -2% | -$23.9K |
|
131
Movado Group
MOV
$769M
| $1.33M | 0.04% |
42,013
-261
| -0.6% | -$9.63K |
|
|
BAF
132
DELISTED
BLACKROCK MUNICIPAL INCOME INVESTMENT QUALITY TRUST
BAF
| $1.31M | 0.04% |
+100,101
| New | +$1.28M |
|
|
MANT
133
DELISTED
Mantech International Corp
MANT
| $1.31M | 0.04% |
25,000
| – | – |
|
134
Sonoco
SON
$5.58B
| $1.3M | 0.04% |
24,450
-400
| -2% | -$21.9K |
|
135
Newell Brands
NWL
$2.63B
| $1.28M | 0.04% |
69,077
-20,007
| -22% | -$398K |
|
136
Bank of America
BAC
$436B
| $1.28M | 0.04% |
52,070
+562
| +1% | +$15.2K |
|
|
SBR
137
Sabine Royalty Trust
SBR
$1.09B
| $1.28M | 0.04% |
34,410
-6,885
| -17% | -$262K |
|
138
CMS Energy
CMS
$21.4B
| $1.28M | 0.04% |
25,786
+833
| +3% | +$42.1K |
|
139
CenterPoint Energy
CNP
$25.8B
| $1.28M | 0.04% |
45,206
+833
| +2% | +$23.2K |
|
|
MUE
140
DELISTED
BlackRock MuniHoldings Quality Fund II
MUE
| $1.26M | 0.04% |
109,746
+214
| +0.2% | +$2.49K |
|
141
Newmark Group
NMRK
$2.87B
| $1.26M | 0.04% |
+156,922
| New | +$1.49M |
|
142
MGM Resorts International
MGM
$10.6B
| $1.26M | 0.04% |
51,750
-6,250
| -11% | -$163K |
|
143
Fidelity National Financial
FNF
$12.8B
| $1.23M | 0.04% |
40,736
-208
| -0.5% | -$6.71K |
|
|
SEE
144
DELISTED
Sealed Air
SEE
| $1.23M | 0.04% |
35,250
+3,430
| +11% | +$120K |
|
|
PPLI
145
People Inc
PPLI
$2.91B
| $1.22M | 0.04% |
37,321
-2,350
| -6% | -$78.9K |
|
146
KLA
KLAC
$229B
| $1.21M | 0.04% |
135,500
+1,000
| +0.7% | +$9.31K |
|
147
Mondelez International
MDLZ
$79.6B
| $1.17M | 0.04% |
29,216
-391
| -1% | -$16.7K |
|
148
Freeport-McMoran
FCX
$110B
| $1.14M | 0.04% |
110,318
-14,357
| -12% | -$167K |
|
|
TYG
149
Tortoise Energy Infrastructure Corp
TYG
$1.1B
| $1.12M | 0.04% |
14,118
-6,770
| -32% | -$640K |
|
150
American Express
AXP
$225B
| $1.11M | 0.04% |
11,603
-125
| -1% | -$13.1K |
|
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Horizon Kinetics's Q4 2018 Portfolio in Review
As of Q4 2018, Horizon Kinetics held 517 positions worth $3.06B, down 25% from $4.11B the previous quarter. Its ten largest holdings account for 59% of the portfolio.
Horizon Kinetics withdrew a net $179M in Q4 2018, closing 44 positions and reducing 256 holdings. Its most notable exit was Copart, an estimated $3.71M position sold in full.
By sector, the portfolio is most concentrated in Energy at 38% of assets, down from 44% a quarter earlier, followed by Miscellaneous and Communication Services.
Against the trend, Horizon Kinetics opened a new position in Vanguard Extended Market ETF worth $5.28M.
- Horizon Kinetics's largest Q4 2018 buy was Vanguard Extended Market ETF: 52,921 shares worth $5.28M.
- Horizon Kinetics added most to Cheniere Energy in Q4 2018, an estimated $15.1M increase.
- Horizon Kinetics's biggest Q4 2018 reduction was Vanguard Short-Term Treasury ETF, cutting an estimated $26.6M.
- Horizon Kinetics fully exited Copart in Q4 2018, selling an estimated $3.71M.
- Horizon Kinetics's ten largest holdings make up 59% of its $3.06B portfolio in Q4 2018.
- Horizon Kinetics opened 14 new positions and closed 44 in Q4 2018.
- Horizon Kinetics's portfolio value fell 25% quarter-over-quarter to $3.06B.
Based on Horizon Kinetics's 13F filing for Q4 2018, filed 14 Feb 2019.