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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
-12.27%
1 Year Est. Return
+5.37%
3 Year Est. Return
+65.64%
5 Year Est. Return
+75.06%
10 Year Est. Return
–
AUM
$5.51B
AUM Growth
-$1.44B
(-21%)
Cap. Flow
-$1.12B
Cap. Flow
% of AUM
-20.39%
Top 10 Holdings %
Top 10 Hldgs %
47.53%
Holding
537
New
22
Increased
90
Reduced
325
Closed
33
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wheaton Precious Metals
WPM
|
+$24.5M |
| 2 |
EMG
Emergent Capital, Inc.
EMG
|
+$11.7M |
| 3 |
PayPal
PYPL
|
+$7.36M |
| 4 |
LSB Industries
LXU
|
+$7.07M |
| 5 |
Texas Pacific Land
TPL
|
+$6.76M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
JAH
JARDEN CORPORATION
JAH
|
+$165M |
| 2 |
Wendy's
WEN
|
+$110M |
| 3 |
AutoNation
AN
|
+$64.5M |
| 4 |
Brookfield
BN
|
+$59.7M |
| 5 |
Howard Hughes
HHH
|
+$42.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 24.89% |
| 2 | Consumer Discretionary | 18.26% |
| 3 | Miscellaneous | 15.56% |
| 4 | Real Estate | 10.95% |
| 5 | Energy | 9.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
BGC Group
BGC
$5.75B
| $2.2M | 0.04% |
416,269
+212,978
| +105% | +$1.24M |
|
127
Federated Hermes
FHI
$4.84B
| $2.19M | 0.04% |
75,927
-3,276
| -4% | -$105K |
|
|
VXX
128
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $2.17M | 0.04% |
11,163
-22,043
| -66% | -$7.33M |
|
129
Merck
MRK
$369B
| $2.14M | 0.04% |
45,348
+2,222
| +5% | +$118K |
|
|
YHOO
130
DELISTED
Yahoo Inc
YHOO
| $2.12M | 0.04% |
73,185
-3,001
| -4% | -$104K |
|
131
Pfizer
PFE
$160B
| $2.06M | 0.04% |
69,291
+3,125
| +5% | +$100K |
|
|
LORL
132
DELISTED
Loral Space and Communications, Inc.
LORL
| $2.06M | 0.04% |
43,780
-14,083
| -24% | -$830K |
|
|
WIW
133
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$511M
| $1.98M | 0.04% |
190,112
-1,486
| -0.8% | -$16.1K |
|
134
M&T Bank
MTB
$34.5B
| $1.94M | 0.04% |
15,866
-111
| -0.7% | -$13.9K |
|
135
Fortune Brands Innovations
FBIN
$5.41B
| $1.92M | 0.03% |
47,254
-2,132
| -4% | -$87.8K |
|
136
AbbVie
ABBV
$456B
| $1.91M | 0.03% |
35,121
+3,061
| +10% | +$199K |
|
137
Dorman Products
DORM
$3.8B
| $1.9M | 0.03% |
37,278
-18,234
| -33% | -$913K |
|
138
Altria Group
MO
$113B
| $1.86M | 0.03% |
34,147
+4,405
| +15% | +$236K |
|
139
Graham Holdings Company
GHC
$4.84B
| $1.85M | 0.03% |
3,201
-2,184
| -41% | -$1.44M |
|
140
Royal Caribbean
RCL
$76.2B
| $1.76M | 0.03% |
19,720
+2,512
| +15% | +$220K |
|
141
Loews
L
$22.5B
| $1.74M | 0.03% |
48,186
-5,198
| -10% | -$194K |
|
142
PepsiCo
PEP
$191B
| $1.74M | 0.03% |
18,411
+1,659
| +10% | +$158K |
|
143
GE Aerospace
GE
$356B
| $1.72M | 0.03% |
14,218
+1,177
| +9% | +$144K |
|
144
Mondelez International
MDLZ
$79.7B
| $1.71M | 0.03% |
40,924
+3,354
| +9% | +$145K |
|
|
ACP
145
abrdn Income Credit Strategies Fund
ACP
$634M
| $1.69M | 0.03% |
135,615
-42,035
| -24% | -$556K |
|
146
Prestige Consumer Healthcare
PBH
$2.43B
| $1.66M | 0.03% |
36,716
-54,950
| -60% | -$2.6M |
|
|
NSL
147
DELISTED
NUVEEN SENIOR INCM FD
NSL
| $1.61M | 0.03% |
271,982
-5,835
| -2% | -$36.1K |
|
|
EFR
148
Eaton Vance Senior Floating-Rate Fund
EFR
$311M
| $1.54M | 0.03% |
116,590
-33,026
| -22% | -$451K |
|
149
Invesco Senior Income Trust
VVR
$448M
| $1.49M | 0.03% |
356,333
-70,561
| -17% | -$307K |
|
150
Manitowoc
MTW
$686M
| $1.49M | 0.03% |
109,548
-2,120
| -2% | -$32.7K |
|
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Horizon Kinetics's Q3 2015 Portfolio in Review
As of Q3 2015, Horizon Kinetics held 537 positions worth $5.51B, down 21% from $6.95B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Horizon Kinetics withdrew a net $1.12B in Q3 2015, closing 33 positions and reducing 325 holdings. Its most notable exit was CSX Corp, an estimated $22.4M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 25% of assets, down from 28% a quarter earlier, followed by Consumer Discretionary and Miscellaneous.
Against the trend, Horizon Kinetics opened a new position in Emergent Capital, Inc. worth $12M.
- Horizon Kinetics's largest Q3 2015 buy was Emergent Capital, Inc.: 2,199,813 shares worth $12M.
- Horizon Kinetics added most to Wheaton Precious Metals in Q3 2015, an estimated $24.5M increase.
- Horizon Kinetics's biggest Q3 2015 reduction was JARDEN CORPORATION, cutting an estimated $165M.
- Horizon Kinetics fully exited CSX Corp in Q3 2015, selling an estimated $22.4M.
- Horizon Kinetics's ten largest holdings make up 48% of its $5.51B portfolio in Q3 2015.
- Horizon Kinetics opened 22 new positions and closed 33 in Q3 2015.
- Horizon Kinetics's portfolio value fell 21% quarter-over-quarter to $5.51B.
Based on Horizon Kinetics's 13F filing for Q3 2015, filed 13 Nov 2015.