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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 | |
|---|---|---|---|---|---|---|
151
BlackRock Floating Rate Income Trust
BGT
$330M
| $1.48M | 0.03% |
119,188
-6,323
| -5% | -$81.6K |
|
152
BlackRock Credit Allocation Income Trust
BTZ
$948M
| $1.48M | 0.03% |
121,237
-17,430
| -13% | -$216K |
|
|
BNY
153
Bank of New York Mellon
BNY
$110B
| $1.47M | 0.03% |
37,492
+7,050
| +23% | +$293K |
|
154
Alkermes
ALKS
$8.2B
| $1.47M | 0.03% |
25,000
| – | – |
|
155
Fidelity National Financial
FNF
$12.7B
| $1.45M | 0.03% |
58,744
| – | – |
|
156
Vanguard S&P 500 ETF
VOO
$1.03T
| $1.42M | 0.03% |
8,092
+6,779
| +516% | +$1.26M |
|
157
Blackstone
BX
$108B
| $1.38M | 0.03% |
44,539
-46,594
| -51% | -$1.69M |
|
158
Cable One
CABO
$128M
| $1.34M | 0.02% |
+3,206
| New | +$1.33M |
|
|
NMO
159
DELISTED
NUVEEN MUNI MARKET OPPORT FUND
NMO
| $1.34M | 0.02% |
102,389
-19,626
| -16% | -$256K |
|
160
L3Harris
LHX
$48.8B
| $1.34M | 0.02% |
18,283
+2,750
| +18% | +$215K |
|
161
Invesco S&P 500 Equal Weight ETF
RSP
$99.8B
| $1.33M | 0.02% |
18,119
+535
| +3% | +$41.7K |
|
162
Verizon
VZ
$205B
| $1.32M | 0.02% |
30,424
+7,310
| +32% | +$337K |
|
|
ACG
163
DELISTED
AllianceBernstein Income Fund Inc
ACG
| $1.32M | 0.02% |
167,400
| – | – |
|
164
Sanofi
SNY
$107B
| $1.28M | 0.02% |
27,000
+1,000
| +4% | +$50.9K |
|
|
TDAY
165
USA Today Co
TDAY
$940M
| $1.24M | 0.02% |
80,103
-4,015
| -5% | -$64.4K |
|
|
SHPG
166
DELISTED
Shire pic
SHPG
| $1.23M | 0.02% |
6,000
| – | – |
|
|
TGNA
167
DELISTED
TEGNA Inc
TGNA
| $1.22M | 0.02% |
85,000
| – | – |
|
|
VTA
168
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
| $1.22M | 0.02% |
115,182
-79,316
| -41% | -$894K |
|
169
Copart
CPRT
$30.3B
| $1.18M | 0.02% |
288,000
-12,800
| -4% | -$56.6K |
|
170
Nuveen Quality Municipal Income Fund
NAD
$2.75B
| $1.18M | 0.02% |
85,615
-22,569
| -21% | -$307K |
|
|
AIG.WS
171
DELISTED
American International Group, Inc.
AIG.WS
| $1.17M | 0.02% |
51,454
| – | – |
|
172
Flowers Foods
FLO
$1.48B
| $1.16M | 0.02% |
46,951
+750
| +2% | +$17K |
|
173
BOK Financial
BOKF
$8.4B
| $1.16M | 0.02% |
17,848
-24,566
| -58% | -$1.6M |
|
174
Cisco
CSCO
$442B
| $1.15M | 0.02% |
43,887
+2,837
| +7% | +$76.6K |
|
|
CLGX
175
DELISTED
Corelogic, Inc.
CLGX
| $1.15M | 0.02% |
30,947
-841
| -3% | -$32.6K |
|
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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.