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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 | |
|---|---|---|---|---|---|---|
|
RA
201
Brookfield Real Assets Income Fund
RA
$662M
| $915K | 0.03% |
+41,010
| New | +$899K |
|
202
BOK Financial
BOKF
$8.25B
| $896K | 0.03% |
10,781
-1,111
| -9% | -$85.4K |
|
203
PUT
Wheaton Precious Metals
WPM
$68.1B
| $896K | 0.03% |
36,100
| – | – |
|
|
PPLI
204
People Inc
PPLI
$2.85B
| $885K | 0.03% |
76,433
-1,696
| -2% | -$19.9K |
|
|
RDS.A
205
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $881K | 0.03% |
16,779
| – | – |
|
|
RAI
206
DELISTED
Reynolds American Inc
RAI
| $880K | 0.03% |
15,700
| – | – |
|
207
Abbott
ABT
$177B
| $865K | 0.03% |
22,528
-100
| -0.4% | -$3.96K |
|
|
DDC
208
DELISTED
Dominion Diamond Corporation
DDC
| $862K | 0.03% |
89,098
+5,425
| +6% | +$49.5K |
|
209
General Motors
GM
$74.9B
| $858K | 0.03% |
24,625
-200
| -0.8% | -$6.72K |
|
210
Cohen & Steers Quality Income Realty Fund
RQI
$1.55B
| $855K | 0.03% |
70,042
| – | – |
|
211
Deluxe
DLX
$1.08B
| $852K | 0.03% |
11,900
-300
| -2% | -$20.1K |
|
|
GDL
212
GDL Fund
GDL
$90.3M
| $840K | 0.03% |
85,362
+9,752
| +13% | +$95.4K |
|
|
YHOO
213
DELISTED
Yahoo Inc
YHOO
| $840K | 0.03% |
21,723
-17,561
| -45% | -$720K |
|
214
MarketAxess Holdings
MKTX
$5.75B
| $837K | 0.03% |
5,700
| – | – |
|
215
Perrigo
PRGO
$1.88B
| $836K | 0.03% |
10,043
-259
| -3% | -$22.5K |
|
216
LendingTree
TREE
$376M
| $834K | 0.03% |
8,233
| – | – |
|
217
Ionis Pharmaceuticals
IONS
$7.85B
| $823K | 0.03% |
17,200
| – | – |
|
218
NovaGold Resources
NG
$3.18B
| $815K | 0.03% |
178,882
+29,095
| +19% | +$131K |
|
|
JRO
219
DELISTED
Nuveen Floating Rate Income Opportunty Fund
JRO
| $792K | 0.03% |
65,002
-4,074
| -6% | -$46.9K |
|
220
iShares 0-1 Year Treasury Bond ETF
SHV
$21.1B
| $779K | 0.03% |
7,063
-541
| -7% | -$59.7K |
|
221
AstraZeneca
AZN
$251B
| $773K | 0.03% |
14,151
| – | – |
|
222
Expedia Group
EXPE
$35.2B
| $769K | 0.02% |
6,796
-123
| -2% | -$15K |
|
223
Liberty Latin America Class C
LILAK
$1.73B
| $765K | 0.02% |
42,201
+6,223
| +17% | +$125K |
|
224
Banco Santander
SAN
$213B
| $758K | 0.02% |
152,745
-25,226
| -14% | -$115K |
|
225
Nasdaq
NDAQ
$49.9B
| $733K | 0.02% |
32,763
-2,550
| -7% | -$56.2K |
|
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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.