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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 | |
|---|---|---|---|---|---|---|
126
Nuveen Quality Municipal Income Fund
NAD
$2.51B
| $3.05M | 0.04% |
227,923
-700
| -0.3% | -$9.35K |
|
127
AMC Global Media
AMCX
$503M
| $3M | 0.04% |
41,080
+6,361
| +18% | +$445K |
|
|
HSNI
128
DELISTED
HSN, Inc.
HSNI
| $3M | 0.04% |
50,223
+6,153
| +14% | +$357K |
|
129
BlackRock Credit Allocation Income Trust
BTZ
$896M
| $2.98M | 0.04% |
220,758
-2,996
| -1% | -$39.6K |
|
130
CACI
CACI
$14.1B
| $2.95M | 0.04% |
40,000
| – | – |
|
|
ACP
131
abrdn Income Credit Strategies Fund
ACP
$577M
| $2.94M | 0.04% |
172,466
+158,415
| +1,127% | +$2.69M |
|
132
Walt Disney
DIS
$184B
| $2.81M | 0.04% |
35,130
| – | – |
|
|
YHOO
133
DELISTED
Yahoo Inc
YHOO
| $2.77M | 0.03% |
77,300
+8,154
| +12% | +$311K |
|
134
CenterPoint Energy
CNP
$25B
| $2.75M | 0.03% |
115,920
-22,903
| -16% | -$538K |
|
135
Prestige Consumer Healthcare
PBH
$2.21B
| $2.74M | 0.03% |
100,636
-760
| -0.7% | -$22.6K |
|
136
Merck
MRK
$355B
| $2.73M | 0.03% |
50,357
-21
| -0% | -$1.09K |
|
137
Philip Morris
PM
$303B
| $2.72M | 0.03% |
33,252
-123,725
| -79% | -$10M |
|
|
PLL
138
DELISTED
PALL CORP
PLL
| $2.69M | 0.03% |
30,090
-150
| -0.5% | -$12.7K |
|
139
E.W. Scripps
SSP
$297M
| $2.68M | 0.03% |
170,683
-5,988
| -3% | -$99.1K |
|
140
iShares TIPS Bond ETF
TIP
$14.7B
| $2.64M | 0.03% |
23,515
-895
| -4% | -$100K |
|
141
Biogen
BIIB
$31.9B
| $2.6M | 0.03% |
8,493
-39
| -0.5% | -$12.4K |
|
142
Novartis
NVS
$263B
| $2.5M | 0.03% |
32,764
+65
| +0.2% | +$4.74K |
|
|
BID
143
DELISTED
Sotheby's
BID
| $2.48M | 0.03% |
57,000
-475
| -0.8% | -$22.8K |
|
|
CVC
144
DELISTED
CABLEVISION SYS CP NY GRP CL-A
CVC
| $2.46M | 0.03% |
145,562
+32,244
| +28% | +$541K |
|
|
EFR
145
Eaton Vance Senior Floating-Rate Fund
EFR
$304M
| $2.41M | 0.03% |
159,076
+1,694
| +1% | +$25.8K |
|
146
NovaGold Resources
NG
$3.18B
| $2.38M | 0.03% |
660,519
-187,745
| -22% | -$640K |
|
147
Loews
L
$22.3B
| $2.38M | 0.03% |
54,027
-12,613
| -19% | -$564K |
|
|
HAV
148
DELISTED
HELIOS ADVANTAGE INCOME FD, INC
HAV
| $2.27M | 0.03% |
243,358
-221
| -0.1% | -$2.03K |
|
149
PUT
Kinder Morgan
KMI
$68.5B
| $2.27M | 0.03% |
70,000
| – | – |
|
150
Fortune Brands Innovations
FBIN
$4.77B
| $2.15M | 0.03% |
59,879
+11,687
| +24% | +$449K |
|
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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.