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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
+2.59%
1 Year Est. Return
+5.37%
3 Year Est. Return
+65.64%
5 Year Est. Return
+75.06%
10 Year Est. Return
–
AUM
$7.4B
AUM Growth
-$352M
(-4.5%)
Cap. Flow
-$345M
Cap. Flow
% of AUM
-4.65%
Top 10 Holdings %
Top 10 Hldgs %
42.91%
Holding
554
New
37
Increased
108
Reduced
296
Closed
35
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
LBRDK
Liberty Broadband Class C
LBRDK
|
+$109M |
| 2 |
LBRDA
Liberty Broadband Class A
LBRDA
|
+$52.3M |
| 3 |
LVNTA
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
|
+$44.1M |
| 4 |
SRSC
SEARS Canada Inc.
SRSC
|
+$25.9M |
| 5 |
Royal Gold
RGLD
|
+$23.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Liberty Media Series C
FWONK
|
+$125M |
| 2 |
Liberty Media Series A
FWONA
|
+$65.8M |
| 3 |
Jefferies Financial Group
JEF
|
+$43.5M |
| 4 |
QVCGA
QVC Group Inc Series A
QVCGA
|
+$41.3M |
| 5 |
SHLD
Sears Holding Corporation
SHLD
|
+$31M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 25.89% |
| 2 | Consumer Discretionary | 22.64% |
| 3 | Real Estate | 11.62% |
| 4 | Financials | 9.96% |
| 5 | Energy | 9.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
AMC Global Media
AMCX
$503M
| $2.49M | 0.03% |
39,040
-6,600
| -14% | -$398K |
|
152
Federated Hermes
FHI
$4.35B
| $2.48M | 0.03% |
75,403
+466
| +0.6% | +$14.4K |
|
|
BID
153
DELISTED
Sotheby's
BID
| $2.46M | 0.03% |
57,000
| – | – |
|
154
Carnival Corporation Ltd
CCL
$30.3B
| $2.42M | 0.03% |
53,336
-1,496
| -3% | -$61.2K |
|
155
Sunoco
SUN
$15.1B
| $2.38M | 0.03% |
+47,836
| New | +$2.24M |
|
156
AbbVie
ABBV
$465B
| $2.3M | 0.03% |
35,158
-107
| -0.3% | -$6.75K |
|
157
Canadian Natural Resources
CNQ
$106B
| $2.29M | 0.03% |
153,486
-246,058
| -62% | -$4.02M |
|
158
Nuveen Quality Municipal Income Fund
NAD
$2.51B
| $2.26M | 0.03% |
157,699
-17,125
| -10% | -$242K |
|
|
EFR
159
Eaton Vance Senior Floating-Rate Fund
EFR
$304M
| $2.12M | 0.03% |
154,816
-3,610
| -2% | -$50.5K |
|
160
Eli Lilly
LLY
$1.01T
| $2.1M | 0.03% |
30,477
+30
| +0.1% | +$2.02K |
|
161
Pfizer
PFE
$157B
| $2M | 0.03% |
67,514
+1,082
| +2% | +$31K |
|
162
Loews
L
$22.3B
| $1.99M | 0.03% |
47,319
-8,988
| -16% | -$377K |
|
163
Royal Caribbean
RCL
$66.7B
| $1.96M | 0.03% |
23,738
-977
| -4% | -$68.6K |
|
164
Fortune Brands Innovations
FBIN
$4.77B
| $1.93M | 0.03% |
49,868
-13,613
| -21% | -$499K |
|
|
CBST
165
DELISTED
CUBIST PHARMACEUTICALS INC
CBST
| $1.91M | 0.03% |
19,000
-5,000
| -21% | -$389K |
|
166
PUT
Kinder Morgan
KMI
$68.5B
| $1.9M | 0.03% |
45,000
-25,000
| -36% | -$985K |
|
167
Altria Group
MO
$117B
| $1.9M | 0.03% |
38,632
-639
| -2% | -$31.1K |
|
168
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.41B
| $1.88M | 0.03% |
1,546
| – | – |
|
169
CenterPoint Energy
CNP
$25B
| $1.79M | 0.02% |
76,523
-400
| -0.5% | -$9.55K |
|
170
GE Aerospace
GE
$319B
| $1.79M | 0.02% |
14,794
+181
| +1% | +$22.3K |
|
171
Graham Holdings Company
GHC
$4.91B
| $1.77M | 0.02% |
+3,384
| New | +$1.67M |
|
172
PepsiCo
PEP
$185B
| $1.75M | 0.02% |
18,561
+107
| +0.6% | +$10.3K |
|
173
Mondelez International
MDLZ
$79.3B
| $1.75M | 0.02% |
48,274
-6,231
| -11% | -$227K |
|
|
EVF
174
Eaton Vance Senior Income Trust
EVF
$88.5M
| $1.74M | 0.02% |
278,025
-4,589
| -2% | -$29.2K |
|
|
JRO
175
DELISTED
Nuveen Floating Rate Income Opportunty Fund
JRO
| $1.71M | 0.02% |
151,550
-5,253
| -3% | -$59K |
|
Similar funds
SA
AC
OA
TGA
PWM
APFBOT
RCM
CFIC
Horizon Kinetics's Q4 2014 Portfolio in Review
As of Q4 2014, Horizon Kinetics held 554 positions worth $7.4B, down 4.5% from $7.76B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Horizon Kinetics withdrew a net $345M in Q4 2014, closing 35 positions and reducing 296 holdings. Its most notable exit was BURGER KING WORLDWIDE, an estimated $13.8M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 26% of assets, down from 27% a quarter earlier, followed by Consumer Discretionary and Real Estate.
Against the trend, Horizon Kinetics opened a new position in Liberty Broadband Class C worth $111M.
- Horizon Kinetics's largest Q4 2014 buy was Liberty Broadband Class C: 2,222,661 shares worth $111M.
- Horizon Kinetics added most to Liberty Interactive Corporation Series A Liberty Ventures in Q4 2014, an estimated $44.1M increase.
- Horizon Kinetics's biggest Q4 2014 reduction was Liberty Media Series C, cutting an estimated $125M.
- Horizon Kinetics fully exited BURGER KING WORLDWIDE in Q4 2014, selling an estimated $13.8M.
- Horizon Kinetics's ten largest holdings make up 43% of its $7.4B portfolio in Q4 2014.
- Horizon Kinetics opened 37 new positions and closed 35 in Q4 2014.
- Horizon Kinetics's portfolio value fell 4.5% quarter-over-quarter to $7.4B.
Based on Horizon Kinetics's 13F filing for Q4 2014, filed 17 Feb 2015.