We are live on ! Find out more
HK

Horizon Kinetics Portfolio holdings

AUM $3.06B
1-Year Est. Return 5.37%
This Fund
S&P 500
This Quarter Est. Return
+11.53%
1 Year Est. Return
+5.37%
3 Year Est. Return
+65.64%
5 Year Est. Return
+75.06%
10 Year Est. Return
–
AUM
$7.3B
AUM Growth
+$469M
Cap. Flow
-$333M
Cap. Flow %
-4.57%
Top 10 Hldgs %
48.05%
Holding
574
New
118
Increased
114
Reduced
223
Closed
34

Top Buys

Rank Stock Value
1
QVCGA
QVC Group Inc Series A
QVCGA
+$14.9M
2
SHLD
Sears Holding Corporation
SHLD
+$14M
3
OAK
OAKTREE CAPITAL GROUP, LLC
OAK
+$10.4M
4
VIAB
Viacom Inc. Class B
VIAB
+$9.77M
5
DSL
DoubleLine Income Solutions Fund
DSL
+$7.65M

Top Sells

Rank Stock Value
1
ELS icon
Equity Lifestyle Properties
ELS
+$87M
2
CBOE icon
Cboe Global Markets
CBOE
+$34.7M
3
JCP
J.C. Penney Company, Inc.
JCP
+$15.5M
4
HHH icon
Howard Hughes
HHH
+$14.9M
5
RSE
ROUSE PPTYS INC COM (DE)
RSE
+$14.8M

Sector Composition

Rank Sector Weight
1 Communication Services 28.72%
2 Consumer Discretionary 19.44%
3 Real Estate 13.82%
4 Financials 12.64%
5 Energy 7.13%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FWONA icon
1
Liberty Media Series A
FWONA
$23.4B
$702M 9.62%
26,869,532
-225,396
-0.8% -$5.66M
HHH icon
2
Howard Hughes
HHH
$3.94B
$604M 8.28%
5,639,145
-142,495
-2% -$14.9M
IEP icon
3
Icahn Enterprises
IEP
$5.1B
$338M 4.63%
4,057,779
-18,292
-0.4% -$1.38M
DWA
4
DELISTED
DREAMWORKS ANIMATION SKG INC CL-A
DWA
$329M 4.5%
11,551,748
-156,924
-1% -$4.29M
AN icon
5
AutoNation
AN
$7.7B
$317M 4.34%
6,077,383
-100,675
-2% -$4.86M
JEF icon
6
Jefferies Financial Group
JEF
$12.7B
$269M 3.68%
11,021,338
-98,480
-0.9% -$2.36M
JAH
7
DELISTED
JARDEN CORPORATION
JAH
$265M 3.63%
8,213,306
-342,136
-4% -$10.6M
WEN icon
8
Wendy's
WEN
$1.46B
$236M 3.23%
27,774,433
-1,362,489
-5% -$10.2M
BN icon
9
Brookfield
BN
$102B
$230M 3.15%
26,282,591
-1,038,395
-4% -$8.87M
STRZA
10
DELISTED
Starz - Series A
STRZA
$218M 2.98%
7,738,285
-37,638
-0.5% -$928K
SHLD
11
DELISTED
Sears Holding Corporation
SHLD
$211M 2.89%
4,691,800
+395,868
+9% +$14M
QVCGA
12
DELISTED
QVC Group Inc Series A
QVCGA
$167M 2.29%
173,129
+15,335
+10% +$14.9M
RSE
13
DELISTED
ROUSE PPTYS INC COM (DE)
RSE
$162M 2.22%
7,856,848
-743,013
-9% -$14.8M
DISH
14
DELISTED
DISH Network Corp.
DISH
$157M 2.15%
3,484,609
-7,647
-0.2% -$344K
VIAB
15
DELISTED
Viacom Inc. Class B
VIAB
$154M 2.1%
1,837,416
+126,232
+7% +$9.77M
CBOE icon
16
Cboe Global Markets
CBOE
$32.2B
$133M 1.82%
2,941,053
-730,722
-20% -$34.7M
TPL icon
17
Texas Pacific Land
TPL
$26.9B
$114M 1.56%
12,088,602
-42,840
-0.4% -$404K
LYV icon
18
Live Nation Entertainment
LYV
$42.9B
$112M 1.54%
6,057,537
-45,536
-0.7% -$774K
FCE.A
19
DELISTED
Forest City Realty Trust, Inc.
FCE.A
$102M 1.4%
5,400,369
+316,165
+6% +$5.74M
BBWI icon
20
Bath & Body Works
BBWI
$3.97B
$100M 1.37%
2,025,644
-27,563
-1% -$1.26M
WBD icon
21
Warner Bros
WBD
$64.3B
$88.6M 1.21%
2,054,075
+1,157
+0.1% +$48.1K
LVNTA
22
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
$88.6M 1.21%
4,087,782
-98,168
-2% -$2.11M
BRP
23
DELISTED
BROOKFIELD RESIDENTIAL PROPERTIES INC
BRP
$86.3M 1.18%
3,750,593
-122,045
-3% -$2.57M
WYNN icon
24
Wynn Resorts
WYNN
$10.3B
$81.5M 1.12%
515,852
-3,013
-0.6% -$422K
LVS icon
25
Las Vegas Sands
LVS
$32.2B
$81M 1.11%
1,218,878
-7,494
-0.6% -$434K
1
2 3 4 5

Similar funds

SA
SPO Advisory San Anselmo, California $2.11B AUM 14.87% 1-Year Est. Return
AC
Ashler Capital Chicago, Illinois $1.34B AUM 12.59% 1-Year Est. Return
MFG
Mizuho Financial Group Chiyoda-Ku, Tokyo, Japan $1.21B AUM 23.35% 1-Year Est. Return
OA
Omega Advisors New York $1.02B AUM 7% 1-Year Est. Return
PWM
Patriot Wealth Management Houston, Texas $683M AUM 5.39% 1-Year Est. Return
APFBOT
Amica Pension Fund Board of Trustees Providence, Rhode Island $644M AUM 4.55% 1-Year Est. Return
RCM
Roystone Capital Management New York $590M AUM 11.49% 1-Year Est. Return
CFIC
City Financial Investment Company London, United Kingdom $562M AUM 5.93% 1-Year Est. Return

Horizon Kinetics's Q3 2013 Portfolio in Review

As of Q3 2013, Horizon Kinetics held 574 positions worth $7.3B, up 6.9% from $6.83B the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Horizon Kinetics withdrew a net $333M in Q3 2013, closing 34 positions and reducing 223 holdings. Its most notable exit was State Street SPDR Bloomberg High Yield Bond ETF, an estimated $3.36M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 29% of assets, up from 27% a quarter earlier, followed by Consumer Discretionary and Real Estate.

Against the trend, Horizon Kinetics opened a new position in HEICO Corp Class A worth $6.53M.

  • Horizon Kinetics's largest Q3 2013 buy was HEICO Corp Class A: 397,546 shares worth $6.53M.
  • Horizon Kinetics added most to QVC Group Inc Series A in Q3 2013, an estimated $14.9M increase.
  • Horizon Kinetics's biggest Q3 2013 reduction was Equity Lifestyle Properties, cutting an estimated $87M.
  • Horizon Kinetics fully exited State Street SPDR Bloomberg High Yield Bond ETF in Q3 2013, selling an estimated $3.36M.
  • Horizon Kinetics's ten largest holdings make up 48% of its $7.3B portfolio in Q3 2013.
  • Horizon Kinetics opened 118 new positions and closed 34 in Q3 2013.
  • Horizon Kinetics's portfolio value rose 6.9% quarter-over-quarter to $7.3B.

Based on Horizon Kinetics's 13F filing for Q3 2013, filed 14 Nov 2013.