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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
+0.65%
1 Year Est. Return
+5.37%
3 Year Est. Return
+65.64%
5 Year Est. Return
+75.06%
10 Year Est. Return
–
AUM
$4.03B
AUM Growth
-$613M
(-13%)
Cap. Flow
-$514M
Cap. Flow
% of AUM
-12.76%
Top 10 Holdings %
Top 10 Hldgs %
47.09%
Holding
548
New
39
Increased
118
Reduced
299
Closed
19
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wheaton Precious Metals
WPM
|
+$20.3M |
| 2 |
Franco-Nevada
FNV
|
+$16.4M |
| 3 |
Texas Pacific Land
TPL
|
+$4.02M |
| 4 |
DSL
DoubleLine Income Solutions Fund
DSL
|
+$3.98M |
| 5 |
ExxonMobil
XOM
|
+$1.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LVNTA
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
|
+$57.4M |
| 2 |
Howard Hughes
HHH
|
+$46.6M |
| 3 |
QVCGA
QVC Group Inc Series A
QVCGA
|
+$41.1M |
| 4 |
JAH
JARDEN CORPORATION
JAH
|
+$32.8M |
| 5 |
AutoNation
AN
|
+$23.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 27.02% |
| 2 | Consumer Discretionary | 16.19% |
| 3 | Energy | 12.88% |
| 4 | Real Estate | 11.7% |
| 5 | Financials | 9.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Archer Daniels Midland
ADM
$41.7B
| $943K | 0.02% |
25,982
+200
| +0.8% | +$6.96K |
|
202
Rockwell Automation
ROK
$46.3B
| $934K | 0.02% |
8,213
| – | – |
|
203
iShares MSCI Japan ETF
EWJ
$23.3B
| $931K | 0.02% |
20,401
| – | – |
|
204
Blackstone
BX
$95.1B
| $924K | 0.02% |
32,940
-6,969
| -17% | -$184K |
|
205
CME Group
CME
$98.9B
| $923K | 0.02% |
9,616
-1,260
| -12% | -$115K |
|
206
Gilead Sciences
GILD
$181B
| $919K | 0.02% |
10,000
| – | – |
|
|
IIJI
207
DELISTED
Internet Initiative Japan Inc
IIJI
| $913K | 0.02% |
87,334
+20,232
| +30% | +$199K |
|
208
NovaGold Resources
NG
$3.18B
| $904K | 0.02% |
179,515
-49,278
| -22% | -$227K |
|
209
SLB Ltd
SLB
$80.4B
| $903K | 0.02% |
12,239
+250
| +2% | +$17.6K |
|
|
ACAS
210
DELISTED
American Capital Ltd
ACAS
| $883K | 0.02% |
57,927
-1,200
| -2% | -$16.7K |
|
211
iShares 0-1 Year Treasury Bond ETF
SHV
$21.1B
| $878K | 0.02% |
7,959
-156
| -2% | -$17.2K |
|
212
Cohen & Steers Quality Income Realty Fund
RQI
$1.55B
| $875K | 0.02% |
70,492
| – | – |
|
213
Sunoco
SUN
$15.1B
| $873K | 0.02% |
26,350
-303
| -1% | -$9.66K |
|
|
AVNS
214
DELISTED
Avanos Medical
AVNS
| $869K | 0.02% |
30,231
-5,990
| -17% | -$160K |
|
215
Medallion Financial
MFIN
$279M
| $860K | 0.02% |
93,158
| – | – |
|
|
AMRI
216
DELISTED
Albany Molecular Research Inc
AMRI
| $856K | 0.02% |
56,000
| – | – |
|
217
Alkermes
ALKS
$7.72B
| $855K | 0.02% |
25,000
| – | – |
|
218
Royce Value Trust
RVT
$2.15B
| $845K | 0.02% |
+72,201
| New | +$776K |
|
219
Expedia Group
EXPE
$35.2B
| $839K | 0.02% |
7,782
-852
| -10% | -$90.9K |
|
|
RMT
220
Royce Micro-Cap Trust
RMT
$714M
| $831K | 0.02% |
+118,676
| New | +$787K |
|
|
RTN
221
DELISTED
Raytheon Company
RTN
| $828K | 0.02% |
6,750
-100
| -1% | -$12.3K |
|
|
EVF
222
Eaton Vance Senior Income Trust
EVF
$88.5M
| $823K | 0.02% |
142,109
-4,641
| -3% | -$25.6K |
|
|
DDC
223
DELISTED
Dominion Diamond Corporation
DDC
| $821K | 0.02% |
74,034
+52
| +0.1% | +$569 |
|
224
Flowers Foods
FLO
$1.3B
| $819K | 0.02% |
44,376
+250
| +0.6% | +$4.74K |
|
|
SBI
225
Western Asset Intermediate Muni Fund
SBI
$103M
| $812K | 0.02% |
78,325
+38,293
| +96% | +$399K |
|
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CFIC
Horizon Kinetics's Q1 2016 Portfolio in Review
As of Q1 2016, Horizon Kinetics held 548 positions worth $4.03B, down 13% from $4.64B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Horizon Kinetics withdrew a net $514M in Q1 2016, closing 19 positions and reducing 299 holdings. Its most notable exit was Vanguard Extended Market ETF, an estimated $14.5M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 27% of assets, down from 29% a quarter earlier, followed by Consumer Discretionary and Energy.
Against the trend, Horizon Kinetics opened a new position in Tortoise Midstream Energy Fund, Inc. Common Stock worth $1.78M.
- Horizon Kinetics's largest Q1 2016 buy was Tortoise Midstream Energy Fund, Inc. Common Stock: 10,900 shares worth $1.78M.
- Horizon Kinetics added most to Wheaton Precious Metals in Q1 2016, an estimated $20.3M increase.
- Horizon Kinetics's biggest Q1 2016 reduction was Liberty Interactive Corporation Series A Liberty Ventures, cutting an estimated $57.4M.
- Horizon Kinetics fully exited Vanguard Extended Market ETF in Q1 2016, selling an estimated $14.5M.
- Horizon Kinetics's ten largest holdings make up 47% of its $4.03B portfolio in Q1 2016.
- Horizon Kinetics opened 39 new positions and closed 19 in Q1 2016.
- Horizon Kinetics's portfolio value fell 13% quarter-over-quarter to $4.03B.
Based on Horizon Kinetics's 13F filing for Q1 2016, filed 15 Apr 2016.