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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
+5.97%
1 Year Est. Return
+5.37%
3 Year Est. Return
+65.64%
5 Year Est. Return
+75.06%
10 Year Est. Return
–
AUM
$3.1B
AUM Growth
-$477M
(-13%)
Cap. Flow
-$640M
Cap. Flow
% of AUM
-20.66%
Top 10 Holdings %
Top 10 Hldgs %
54.11%
Holding
530
New
22
Increased
101
Reduced
304
Closed
23
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
LGF.B
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
|
+$69.3M |
| 2 |
AC
Associated Capital Group
AC
|
+$31.3M |
| 3 |
AMC Global Media
AMCX
|
+$11.1M |
| 4 |
Texas Pacific Land
TPL
|
+$7.4M |
| 5 |
LEXEA
Liberty Expedia Holdings, Inc. Class A Common Stock
LEXEA
|
+$4.12M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
STRZA
Starz - Series A
STRZA
|
+$145M |
| 2 |
Howard Hughes
HHH
|
+$53.6M |
| 3 |
Wendy's
WEN
|
+$34.5M |
| 4 |
LSXMK
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
|
+$30.3M |
| 5 |
QVCGA
QVC Group Inc Series A
QVCGA
|
+$25.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 24.45% |
| 2 | Communication Services | 22.92% |
| 3 | Real Estate | 11.82% |
| 4 | Consumer Discretionary | 11.19% |
| 5 | Financials | 10.72% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
DMO
126
Western Asset Mortgage Opportunity Fund
DMO
$112M
| $1.87M | 0.06% |
82,029
-25,028
| -23% | -$581K |
|
127
Novartis
NVS
$264B
| $1.81M | 0.06% |
27,733
-4,910
| -15% | -$319K |
|
|
BNY
128
Bank of New York Mellon
BNY
$105B
| $1.78M | 0.06% |
37,572
+152
| +0.4% | +$6.86K |
|
129
Direxion Daily 20+ Year Treasury Bear 3X ETF
TMV
$212M
| $1.77M | 0.06% |
29,472
-25,840
| -47% | -$1.39M |
|
130
American International
AIG
$39.5B
| $1.76M | 0.06% |
26,900
-1,572
| -6% | -$98.7K |
|
131
L3Harris
LHX
$46.9B
| $1.72M | 0.06% |
16,782
-656
| -4% | -$64.9K |
|
|
SNI
132
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $1.72M | 0.06% |
24,070
-980
| -4% | -$66.3K |
|
133
Freeport-McMoran
FCX
$98.9B
| $1.71M | 0.06% |
129,380
-10,311
| -7% | -$132K |
|
|
SBR
134
Sabine Royalty Trust
SBR
$1.09B
| $1.7M | 0.05% |
48,250
-292
| -0.6% | -$10.6K |
|
|
SRSC
135
DELISTED
SEARS Canada Inc.
SRSC
| $1.69M | 0.05% |
994,202
-696,180
| -41% | -$1.3M |
|
136
Cable One
CABO
$110M
| $1.67M | 0.05% |
2,687
-29
| -1% | -$17.2K |
|
137
Verizon
VZ
$214B
| $1.66M | 0.05% |
31,002
+693
| +2% | +$34.6K |
|
|
CHUBK
138
DELISTED
CommerceHub, Inc. Series C Common Stock
CHUBK
| $1.63M | 0.05% |
108,475
+384
| +0.4% | +$5.76K |
|
139
Mondelez International
MDLZ
$79.3B
| $1.58M | 0.05% |
35,667
-771
| -2% | -$33.2K |
|
|
KED
140
DELISTED
Kayne Anderson Energy
KED
| $1.57M | 0.05% |
81,068
+4,990
| +7% | +$94K |
|
|
PCI
141
DELISTED
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
| $1.56M | 0.05% |
76,990
-76,637
| -50% | -$1.54M |
|
142
Royal Caribbean
RCL
$67.1B
| $1.55M | 0.05% |
18,876
+487
| +3% | +$38.3K |
|
143
Chevron
CVX
$425B
| $1.53M | 0.05% |
13,027
-342
| -3% | -$37.2K |
|
|
GBL
144
DELISTED
GAMCO Investors, Inc.
GBL
| $1.53M | 0.05% |
49,473
+1,634
| +3% | +$49.7K |
|
145
BlackRock Floating Rate Income Strategies Fund
FRA
$377M
| $1.5M | 0.05% |
104,393
-6,679
| -6% | -$92.9K |
|
146
Royce Value Trust
RVT
$2.15B
| $1.46M | 0.05% |
109,325
-1,852
| -2% | -$23.8K |
|
147
Emerson Electric
EMR
$81.9B
| $1.45M | 0.05% |
26,062
-1,200
| -4% | -$64.5K |
|
148
BP
BP
$121B
| $1.43M | 0.05% |
44,581
-2,203
| -5% | -$66.3K |
|
149
Cisco
CSCO
$433B
| $1.42M | 0.05% |
46,972
-501
| -1% | -$15.3K |
|
|
SEE
150
DELISTED
Sealed Air
SEE
| $1.42M | 0.05% |
31,255
-100
| -0.3% | -$4.59K |
|
Similar funds
SA
AC
OA
TGA
PWM
APFBOT
RCM
CFIC
Horizon Kinetics's Q4 2016 Portfolio in Review
As of Q4 2016, Horizon Kinetics held 530 positions worth $3.1B, down 13% from $3.57B the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Horizon Kinetics withdrew a net $640M in Q4 2016, closing 23 positions and reducing 304 holdings. Its most notable exit was Starz - Series A, an estimated $145M position sold in full.
By sector, the portfolio is most concentrated in Energy at 24% of assets, up from 18% a quarter earlier, followed by Communication Services and Real Estate.
Against the trend, Horizon Kinetics opened a new position in Lions Gate Entertainment Corp. Class B Non-Voting Shares worth $66.6M.
- Horizon Kinetics's largest Q4 2016 buy was Lions Gate Entertainment Corp. Class B Non-Voting Shares: 2,714,405 shares worth $66.6M.
- Horizon Kinetics added most to Associated Capital Group in Q4 2016, an estimated $31.3M increase.
- Horizon Kinetics's biggest Q4 2016 reduction was Howard Hughes, cutting an estimated $53.6M.
- Horizon Kinetics fully exited Starz - Series A in Q4 2016, selling an estimated $145M.
- Horizon Kinetics's ten largest holdings make up 54% of its $3.1B portfolio in Q4 2016.
- Horizon Kinetics opened 22 new positions and closed 23 in Q4 2016.
- Horizon Kinetics's portfolio value fell 13% quarter-over-quarter to $3.1B.
Based on Horizon Kinetics's 13F filing for Q4 2016, filed 14 Feb 2017.