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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 | |
|---|---|---|---|---|---|---|
176
CMS Energy
CMS
$21.4B
| $1.14M | 0.02% |
32,162
-2,700
| -8% | -$91.1K |
|
177
Costamare
CMRE
$1.86B
| $1.13M | 0.02% |
92,084
+4,542
| +5% | +$71.9K |
|
178
Expedia Group
EXPE
$38.3B
| $1.13M | 0.02% |
9,591
-35,027
| -79% | -$4.04M |
|
179
CenterPoint Energy
CNP
$25.9B
| $1.1M | 0.02% |
61,123
+2,573
| +4% | +$48.1K |
|
180
NovaGold Resources
NG
$4B
| $1.08M | 0.02% |
299,369
-53,021
| -15% | -$179K |
|
181
Canadian Natural Resources
CNQ
$103B
| $1.07M | 0.02% |
113,336
-16,794
| -13% | -$185K |
|
182
BP
BP
$109B
| $1.05M | 0.02% |
40,839
+1,426
| +4% | +$41.8K |
|
|
MON
183
DELISTED
Monsanto Co
MON
| $1.04M | 0.02% |
12,224
+35
| +0.3% | +$3.46K |
|
184
iShares 0-1 Year Treasury Bond ETF
SHV
$20.8B
| $1.03M | 0.02% |
9,373
-591
| -6% | -$65.2K |
|
185
Nuveen New York Quality Municipal Income Fund
NAN
$362M
| $1.03M | 0.02% |
77,030
-33,074
| -30% | -$445K |
|
|
AVNS
186
DELISTED
Avanos Medical
AVNS
| $1.03M | 0.02% |
36,230
| – | – |
|
187
Boeing
BA
$166B
| $1.03M | 0.02% |
7,864
+150
| +2% | +$20.8K |
|
|
SEE
188
DELISTED
Sealed Air
SEE
| $1.03M | 0.02% |
21,975
+3,050
| +16% | +$158K |
|
189
Emerson Electric
EMR
$88B
| $1.03M | 0.02% |
23,276
-425
| -2% | -$20.9K |
|
190
Archer Daniels Midland
ADM
$38.1B
| $1.01M | 0.02% |
24,332
| – | – |
|
191
Vornado Realty Trust
VNO
$7.23B
| $1.01M | 0.02% |
13,773
-68,105
| -83% | -$5.14M |
|
192
Capital Southwest
CSWC
$1.62B
| $1M | 0.02% |
57,749
-10,896
| -16% | -$192K |
|
|
EVF
193
Eaton Vance Senior Income Trust
EVF
$90.1M
| $995K | 0.02% |
169,398
-48,691
| -22% | -$299K |
|
194
Chevron
CVX
$392B
| $993K | 0.02% |
12,586
+922
| +8% | +$77.6K |
|
195
Vanguard Morningstar Total Stock Market ETF
VTI
$689B
| $990K | 0.02% |
+10,031
| New | +$1.05M |
|
196
GSK
GSK
$101B
| $989K | 0.02% |
20,578
+1,520
| +8% | +$79.1K |
|
197
Leggett & Platt
LEG
$1.26B
| $985K | 0.02% |
23,879
-3,950
| -14% | -$184K |
|
198
Gilead Sciences
GILD
$185B
| $977K | 0.02% |
9,950
+1,000
| +11% | +$111K |
|
|
AMRI
199
DELISTED
Albany Molecular Research Inc
AMRI
| $976K | 0.02% |
56,000
| – | – |
|
200
Urban Edge Properties
UE
$2.69B
| $975K | 0.02% |
45,170
-28,751
| -39% | -$615K |
|
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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.