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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 | |
|---|---|---|---|---|---|---|
176
Flowers Foods
FLO
$1.3B
| $1.07M | 0.03% |
53,451
+825
| +2% | +$13.6K |
|
|
KEY.PRG
177
DELISTED
KeyCorp Pfd
KEY.PRG
| $1.06M | 0.03% |
7,845
+5,065
| +182% | +$687K |
|
|
MANT
178
DELISTED
Mantech International Corp
MANT
| $1.06M | 0.03% |
25,000
| – | – |
|
|
CLGX
179
DELISTED
Corelogic, Inc.
CLGX
| $1.05M | 0.03% |
28,618
-795
| -3% | -$30.8K |
|
|
AMRI
180
DELISTED
Albany Molecular Research Inc
AMRI
| $1.05M | 0.03% |
56,000
| – | – |
|
181
Caterpillar
CAT
$360B
| $1.05M | 0.03% |
11,313
-2,096
| -16% | -$190K |
|
182
Nuveen Municipal Credit Income Fund
NZF
$2.22B
| $1.04M | 0.03% |
73,373
-18,874
| -20% | -$272K |
|
|
WPX
183
DELISTED
WPX Energy, Inc.
WPX
| $1.03M | 0.03% |
70,664
-2,614
| -4% | -$34.6K |
|
184
Canadian Natural Resources
CNQ
$106B
| $1.03M | 0.03% |
65,924
-2,285
| -3% | -$36.2K |
|
|
SHPG
185
DELISTED
Shire pic
SHPG
| $1.02M | 0.03% |
6,000
-1,267
| -17% | -$225K |
|
|
LAND
186
Gladstone Land Corp
LAND
$406M
| $1M | 0.03% |
88,978
+6,935
| +8% | +$73.8K |
|
187
Restaurant Brands International
QSR
$26.3B
| $998K | 0.03% |
20,921
-1,952
| -9% | -$90K |
|
188
SLB Ltd
SLB
$80.4B
| $988K | 0.03% |
11,764
| – | – |
|
189
Bank of America
BAC
$416B
| $972K | 0.03% |
43,967
+4,110
| +10% | +$79.2K |
|
190
W.W. Grainger
GWW
$59.8B
| $970K | 0.03% |
4,177
+2,295
| +122% | +$512K |
|
|
NSL
191
DELISTED
NUVEEN SENIOR INCM FD
NSL
| $967K | 0.03% |
142,364
-61,319
| -30% | -$401K |
|
192
Nuveen New York Quality Municipal Income Fund
NAN
$340M
| $956K | 0.03% |
71,233
| – | – |
|
193
McEwen Inc
MUX
$1.14B
| $940K | 0.03% |
32,314
-334
| -1% | -$10.3K |
|
|
RTN
194
DELISTED
Raytheon Company
RTN
| $937K | 0.03% |
6,600
-50
| -0.8% | -$7.11K |
|
195
American Express
AXP
$219B
| $934K | 0.03% |
12,603
+2,850
| +29% | +$197K |
|
196
Gilead Sciences
GILD
$181B
| $930K | 0.03% |
13,000
+1,450
| +13% | +$108K |
|
|
CELG
197
DELISTED
Celgene Corp
CELG
| $926K | 0.03% |
8,000
| – | – |
|
198
BlackRock Credit Allocation Income Trust
BTZ
$896M
| $925K | 0.03% |
71,329
| – | – |
|
199
GSK
GSK
$100B
| $923K | 0.03% |
19,178
-1,600
| -8% | -$79K |
|
200
Costamare
CMRE
$1.83B
| $922K | 0.03% |
164,675
+44,909
| +37% | +$298K |
|
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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.