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Horizon Kinetics Portfolio holdings
AUM
$3.06B
Turnover
11.22%
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
Avg Time Held Equity + Options
1.8
years
Top 10 Avg Time Held Equity + Options
1.5
years
Top 20 Avg Time Held Equity + Options
1.6
years
Avg Time Held Equity only
1.8
years
Top 10 Avg Time Held Equity only
1.7
years
Top 20 Avg Time Held Equity only
1.7
years
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 | Held Since | |
|---|---|---|---|---|---|---|---|
201
Gen Digital
GEN
$14.9B
| $974K | 0.02% |
50,000
| – | – |
2015 Q1
2 quarters
|
|
202
Liberty Latin America Class C
LILAK
$1.6B
| $932K | 0.02% |
+31,798
| New | +$1.08M |
2015 Q3
0 quarters
|
|
203
Bunge Global
BG
$20.6B
| $930K | 0.02% |
12,690
| – | – |
2013 Q2
9 quarters
|
|
|
WPX
204
DELISTED
WPX Energy, Inc.
WPX
| $914K | 0.02% |
137,972
-130,224
| -49% | -$1.09M |
2013 Q2
9 quarters
|
|
205
Sunoco
SUN
$13.7B
| $908K | 0.02% |
26,818
-10,598
| -28% | -$405K |
2014 Q4
3 quarters
|
|
206
Sonoco
SON
$4.91B
| $896K | 0.02% |
23,750
-2,800
| -11% | -$114K |
2013 Q2
9 quarters
|
|
207
AstraZeneca
AZN
$259B
| $891K | 0.02% |
14,000
-12,000
| -46% | -$789K |
2013 Q2
9 quarters
|
|
|
AFFX
208
DELISTED
Affymetrix Inc
AFFX
| $888K | 0.02% |
104,000
| – | – |
2013 Q2
9 quarters
|
|
209
Union Pacific
UNP
$172B
| $884K | 0.02% |
10,000
-183,632
| -95% | -$16.8M |
2013 Q2
9 quarters
|
|
|
JRO
210
DELISTED
Nuveen Floating Rate Income Opportunty Fund
JRO
| $883K | 0.02% |
88,769
-43,574
| -33% | -$459K |
2013 Q2
9 quarters
|
|
211
Honeywell
HON
$66.7B
| $880K | 0.02% |
10,339
+45
| +0.4% | +$4.1K |
2013 Q2
9 quarters
|
|
212
Abbott
ABT
$181B
| $865K | 0.02% |
21,503
+2,900
| +16% | +$137K |
2013 Q2
9 quarters
|
|
|
CELG
213
DELISTED
Celgene Corp
CELG
| $865K | 0.02% |
8,000
+3,000
| +60% | +$372K |
2015 Q1
2 quarters
|
|
214
Vodafone
VOD
$36.7B
| $847K | 0.02% |
26,675
-600
| -2% | -$21.3K |
2013 Q2
9 quarters
|
|
215
Nike
NKE
$55.2B
| $840K | 0.02% |
13,668
-4,522
| -25% | -$256K |
2013 Q3
8 quarters
|
|
|
PHD
216
DELISTED
Pioneer Floating Rate Fund
PHD
| $837K | 0.02% |
73,902
-29,322
| -28% | -$335K |
2013 Q2
9 quarters
|
|
217
Rockwell Automation
ROK
$46.9B
| $823K | 0.01% |
8,113
| – | – |
2013 Q2
9 quarters
|
|
|
LGF
218
DELISTED
Lions Gate Entertainment
LGF
| $820K | 0.01% |
22,278
-6,255
| -22% | -$236K |
2015 Q2
1 quarter
|
|
219
Suncor Energy
SU
$88.5B
| $815K | 0.01% |
30,487
-450
| -1% | -$12.1K |
2013 Q2
9 quarters
|
|
|
RTN
220
DELISTED
Raytheon Company
RTN
| $814K | 0.01% |
7,450
+2,700
| +57% | +$282K |
2013 Q2
9 quarters
|
|
221
Gentex
GNTX
$4.45B
| $802K | 0.01% |
51,742
-805
| -2% | -$12.8K |
2015 Q2
1 quarter
|
|
|
MZF
222
DELISTED
Managed Duration Inv Grd Muni Fd
MZF
| $802K | 0.01% |
60,169
-6,948
| -10% | -$93.9K |
2013 Q2
9 quarters
|
|
223
Cohen & Steers Quality Income Realty Fund
RQI
$1.5B
| $797K | 0.01% |
70,492
+689
| +1% | +$7.69K |
2013 Q2
9 quarters
|
|
224
Opko Health
OPK
$1.2B
| $791K | 0.01% |
94,118
-2,692
| -3% | -$35.6K |
2013 Q2
9 quarters
|
|
225
Caterpillar
CAT
$338B
| $785K | 0.01% |
12,009
+900
| +8% | +$68.8K |
2013 Q2
9 quarters
|
|
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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.