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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
-1.35%
1 Year Est. Return
+5.37%
3 Year Est. Return
+65.64%
5 Year Est. Return
+75.06%
10 Year Est. Return
–
AUM
$7.76B
AUM Growth
-$241M
Cap. Flow
+$94.9M
Cap. Flow %
1.22%
Top 10 Hldgs %
46.08%
Holding
545
New
17
Increased
177
Reduced
233
Closed
26

Top Buys

Rank Stock Value
1
FWONK icon
Liberty Media Series C
FWONK
+$426M
2
LTRPA
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
+$66.8M
3
TPH
Tri Pointe Homes
TPH
+$49.1M
4
DISCK
Discovery, Inc. Series C Common Stock
DISCK
+$34.3M
5
ONIT
Onity Group
ONIT
+$28.7M

Top Sells

Rank Stock Value
1
FWONA icon
Liberty Media Series A
FWONA
+$410M
2
LVNTA
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
+$71.6M
3
JEF icon
Jefferies Financial Group
JEF
+$53.4M
4
WBD icon
Warner Bros
WBD
+$25.1M
5
RSE
ROUSE PPTYS INC COM (DE)
RSE
+$25.1M

Sector Composition

Rank Sector Weight
1 Communication Services 26.29%
2 Consumer Discretionary 18.01%
3 Real Estate 13.03%
4 Energy 10.77%
5 Financials 8.66%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HHH icon
1
Howard Hughes
HHH
$3.94B
$800M 10.31%
5,593,991
-35,987
-0.6% -$5.27M
IEP icon
2
Icahn Enterprises
IEP
$5.1B
$458M 5.9%
4,323,687
+67,136
+2% +$7.13M
FWONK icon
3
Liberty Media Series C
FWONK
$25.5B
$419M 5.4%
+16,647,867
New +$426M
DWA
4
DELISTED
DREAMWORKS ANIMATION SKG INC CL-A
DWA
$317M 4.09%
11,638,516
+390,001
+3% +$8.7M
JAH
5
DELISTED
JARDEN CORPORATION
JAH
$315M 4.06%
7,856,058
-135,020
-2% -$5.28M
TPL icon
6
Texas Pacific Land
TPL
$26.9B
$298M 3.84%
13,944,186
+197,811
+1% +$4.06M
WEN icon
7
Wendy's
WEN
$1.46B
$259M 3.35%
31,414,423
-448,692
-1% -$3.68M
STRZA
8
DELISTED
Starz - Series A
STRZA
$257M 3.32%
7,780,568
-34,955
-0.4% -$1.05M
AN icon
9
AutoNation
AN
$7.7B
$237M 3.06%
4,713,310
-96,101
-2% -$5.26M
BN icon
10
Brookfield
BN
$102B
$214M 2.76%
20,337,300
-444,820
-2% -$4.79M
FWONA icon
11
Liberty Media Series A
FWONA
$23.4B
$212M 2.73%
8,814,505
-16,691,826
-65% -$410M
QVCGA
12
DELISTED
QVC Group Inc Series A
QVCGA
$197M 2.54%
168,391
-674
-0.4% -$797K
DISH
13
DELISTED
DISH Network Corp.
DISH
$195M 2.52%
3,021,134
-27,700
-0.9% -$1.79M
ESI icon
14
Element Solutions
ESI
$8.48B
$154M 1.99%
6,156,378
+620,559
+11% +$16.4M
SHLD
15
DELISTED
Sears Holding Corporation
SHLD
$140M 1.8%
5,957,295
-301,494
-5% -$9.85M
VIAB
16
DELISTED
Viacom Inc. Class B
VIAB
$129M 1.66%
1,676,102
-116,452
-6% -$9.58M
LYV icon
17
Live Nation Entertainment
LYV
$42.9B
$127M 1.63%
5,271,007
-6,642
-0.1% -$154K
DLBL
18
CALL
DELISTED
iPath US Treasury Long Bond Bull ETN
DLBL
$123M 1.58%
+3,934,200
New +$273M
CBOE icon
19
Cboe Global Markets
CBOE
$32.2B
$109M 1.4%
2,034,502
-285,998
-12% -$14.6M
BBWI icon
20
Bath & Body Works
BBWI
$3.97B
$91.1M 1.17%
1,682,452
-50,000
-3% -$2.52M
BRP
21
DELISTED
BROOKFIELD RESIDENTIAL PROPERTIES INC
BRP
$86.5M 1.12%
4,578,995
+288,311
+7% +$5.7M
JEF icon
22
Jefferies Financial Group
JEF
$12.7B
$85.8M 1.11%
4,018,706
-2,372,916
-37% -$53.4M
PPLI
23
People Inc
PPLI
$3.12B
$75.8M 0.98%
6,434,959
-561,634
-8% -$6.79M
WYNN icon
24
Wynn Resorts
WYNN
$10.3B
$73.9M 0.95%
395,117
-38,690
-9% -$7.64M
ECHO
25
EchoStar
ECHO
$24.3B
$73.2M 0.94%
1,852,546
+21,248
+1% +$871K
1
2 3 4 5

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Horizon Kinetics's Q3 2014 Portfolio in Review

As of Q3 2014, Horizon Kinetics held 545 positions worth $7.76B, down 3% from $8B the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Horizon Kinetics's Q3 2014 filing shows 17 new, 177 increased, 233 reduced and 26 closed positions. Its largest new stake was Liberty Media Series C: 16,647,867 shares worth $419M. The largest sale was Liberty Media Series A, an estimated $410M.

By sector, the portfolio is most concentrated in Communication Services at 26% of assets, up from 25% a quarter earlier, followed by Consumer Discretionary and Real Estate.

  • Horizon Kinetics's largest Q3 2014 buy was Liberty Media Series C: 16,647,867 shares worth $419M.
  • Horizon Kinetics added most to Tri Pointe Homes in Q3 2014, an estimated $49.1M increase.
  • Horizon Kinetics's biggest Q3 2014 reduction was Liberty Media Series A, cutting an estimated $410M.
  • Horizon Kinetics fully exited SUSSER HOLDINGS CORPORATION COMMON STOCK in Q3 2014, selling an estimated $3.59M.
  • Horizon Kinetics's ten largest holdings make up 46% of its $7.76B portfolio in Q3 2014.
  • Horizon Kinetics opened 17 new positions and closed 26 in Q3 2014.
  • Horizon Kinetics's portfolio value fell 3% quarter-over-quarter to $7.76B.

Based on Horizon Kinetics's 13F filing for Q3 2014, filed 13 Nov 2014.