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
+7.66%
1 Year Est. Return
+5.37%
3 Year Est. Return
+65.64%
5 Year Est. Return
+75.06%
10 Year Est. Return
–
AUM
$3.98B
AUM Growth
-$51.5M
(-1.3%)
Cap. Flow
-$246M
Cap. Flow
% of AUM
-6.2%
Top 10 Holdings %
Top 10 Hldgs %
49.52%
Holding
553
New
23
Increased
86
Reduced
305
Closed
31
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
LSXMK
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
|
+$158M |
| 2 |
Newell Brands
NWL
|
+$80M |
| 3 |
LSXMA
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
|
+$77.9M |
| 4 |
RMT
Royce Micro-Cap Trust
RMT
|
+$18M |
| 5 |
Navigator Holdings
NVGS
|
+$13.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
JAH
JARDEN CORPORATION
JAH
|
+$145M |
| 2 |
Liberty Media Series C
FWONK
|
+$123M |
| 3 |
DWA
DREAMWORKS ANIMATION SKG INC CL-A
DWA
|
+$85.2M |
| 4 |
Liberty Media Series A
FWONA
|
+$62.4M |
| 5 |
DISH
DISH Network Corp.
DISH
|
+$28.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 20.13% |
| 2 | Consumer Discretionary | 13.22% |
| 3 | Energy | 12.86% |
| 4 | Real Estate | 12.1% |
| 5 | Financials | 8.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Howard Hughes
HHH
$3.94B
| $405M | 10.19% |
3,719,370
-167,028
| -4% | -$17.2M |
|
2
Texas Pacific Land
TPL
$26.9B
| $279M | 7.02% |
14,895,324
+81,387
| +0.5% | +$1.44M |
|
|
VXX
3
CALL
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $249M | 6.27% |
322,144
+208,413
| +183% | +$52M |
|
|
DWA
4
DELISTED
DREAMWORKS ANIMATION SKG INC CL-A
DWA
| $198M | 4.98% |
4,848,112
-2,362,772
| -33% | -$85.2M |
|
5
Icahn Enterprises
IEP
$5.1B
| $183M | 4.6% |
3,383,381
-123,895
| -4% | -$7.07M |
|
|
LSXMK
6
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $155M | 3.9% |
+6,601,608
| New | +$158M |
|
|
STRZA
7
DELISTED
Starz - Series A
STRZA
| $145M | 3.64% |
4,835,164
-207,686
| -4% | -$5.53M |
|
8
Wendy's
WEN
$1.46B
| $125M | 3.13% |
12,952,733
-573,237
| -4% | -$6.01M |
|
9
Wheaton Precious Metals
WPM
$49.7B
| $121M | 3.03% |
5,124,048
-268,583
| -5% | -$5.18M |
|
10
AutoNation
AN
$7.7B
| $109M | 2.75% |
2,323,350
-321,657
| -12% | -$15.4M |
|
11
Brookfield
BN
$102B
| $100M | 2.52% |
8,492,415
-623,523
| -7% | -$7.46M |
|
12
Liberty Broadband Class C
LBRDK
$4.89B
| $90.8M | 2.28% |
1,512,885
-91,646
| -6% | -$5.34M |
|
|
13
Newell Brands
NWL
$2.21B
| $83.1M | 2.09% |
+1,711,320
| New | +$80M |
|
|
DISH
14
DELISTED
DISH Network Corp.
DISH
| $78.7M | 1.98% |
1,501,185
-580,979
| -28% | -$28.4M |
|
|
LSXMA
15
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $76.8M | 1.93% |
+3,388,856
| New | +$77.9M |
|
16
Cboe Global Markets
CBOE
$32.2B
| $75.1M | 1.89% |
1,126,767
-50,579
| -4% | -$3.24M |
|
17
Franco-Nevada
FNV
$41.3B
| $67.2M | 1.69% |
883,430
-75,283
| -8% | -$5.09M |
|
18
Bath & Body Works
BBWI
$3.97B
| $51.7M | 1.3% |
952,739
-203,657
| -18% | -$11.9M |
|
|
QVCGA
19
DELISTED
QVC Group Inc Series A
QVCGA
| $51.7M | 1.3% |
41,949
-4,362
| -9% | -$5.48M |
|
20
Live Nation Entertainment
LYV
$42.9B
| $39.8M | 1% |
1,692,582
-167,965
| -9% | -$3.84M |
|
|
ECHO
21
EchoStar
ECHO
$24.3B
| $39.2M | 0.99% |
1,218,391
-78,243
| -6% | -$2.56M |
|
|
TPH
22
DELISTED
Tri Pointe Homes
TPH
| $37.5M | 0.94% |
3,173,653
-112,675
| -3% | -$1.32M |
|
|
VIAB
23
DELISTED
Viacom Inc. Class B
VIAB
| $35.5M | 0.89% |
855,460
-43,214
| -5% | -$1.79M |
|
24
Royal Gold
RGLD
$16.6B
| $33M | 0.83% |
458,611
-18,113
| -4% | -$1.08M |
|
25
Element Solutions
ESI
$8.48B
| $32.9M | 0.83% |
3,707,185
-208,171
| -5% | -$1.94M |
|
Similar funds
SA
AC
MFG
OA
PWM
APFBOT
RCM
CFIC
Horizon Kinetics's Q2 2016 Portfolio in Review
As of Q2 2016, Horizon Kinetics held 553 positions worth $3.98B, down 1.3% from $4.03B the previous quarter. Its ten largest holdings account for 50% of the portfolio.
Horizon Kinetics withdrew a net $246M in Q2 2016, closing 31 positions and reducing 305 holdings. Its most notable exit was JARDEN CORPORATION, an estimated $145M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 20% of assets, down from 27% a quarter earlier, followed by Consumer Discretionary and Energy.
Against the trend, Horizon Kinetics opened a new position in Liberty Media Corporation Series C Liberty SiriusXM Common Stock worth $155M.
- Horizon Kinetics's largest Q2 2016 buy was Liberty Media Corporation Series C Liberty SiriusXM Common Stock: 6,601,608 shares worth $155M.
- Horizon Kinetics added most to Royce Micro-Cap Trust in Q2 2016, an estimated $18M increase.
- Horizon Kinetics's biggest Q2 2016 reduction was Liberty Media Series C, cutting an estimated $123M.
- Horizon Kinetics fully exited JARDEN CORPORATION in Q2 2016, selling an estimated $145M.
- Horizon Kinetics's ten largest holdings make up 50% of its $3.98B portfolio in Q2 2016.
- Horizon Kinetics opened 23 new positions and closed 31 in Q2 2016.
- Horizon Kinetics's portfolio value fell 1.3% quarter-over-quarter to $3.98B.
Based on Horizon Kinetics's 13F filing for Q2 2016, filed 15 Aug 2016.