HORIZON KINETICS ASSET MANAGEMENT LLC
13F Reported Value
ⓘ$8.8B
incl. option notional
Equity Holdings
ⓘ$8.8B
Option Notional
ⓘ$3,534
$0 puts / $3,534 calls
Holdings
351
Latest Filing
2026-06-30
Filing Quarter
Q2 2026
Portfolio Overview
HORIZON KINETICS ASSET MANAGEMENT LLC disclosed 351 positions worth $8.8B in its Form 13F-HR for Q2 2026 — $8.8B in common stock plus $3,534 of put/call option positions (reported at underlying notional value, not premium at risk), led by $TPL (Texas Pacific Land Corp) at 48.6% of the equity portfolio, followed by $GBTC and $LB. During the quarter the fund opened 18 new positions and exited 21 — including a new stake in $WHK. The portfolio is most concentrated in Financials (75.1% of disclosed assets). All figures are sourced directly from HORIZON KINETICS ASSET MANAGEMENT LLC’s Form 13F-HR filing with the SEC under CIK 1056823.
AI Fund Analysis
StableSector Allocation
AUM History
Top Equity Holdings by Value
Quarterly Activity — Q2 2026
Click any card to unlockTop Holdings
- 73.0#141
Quality
$4.3B9,802,899 sh - —
Quality
$552.6M12,139,990 sh - 63.1#659
Quality
$461.3M5,821,263 sh - 42.5
Quality
$303.0M22,395,397 sh - 66.3
Quality
$291.4M7,842,173 sh - 54.6
Quality
$262.2M7,650,237 sh - —
Quality
$189.5M1,686,903 sh - —
Quality
$168.5M6,729,289 sh - —
Quality
$161.2M773,418 sh - —
Quality
$157.5M6,067,993 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 Texas Pacific Land Corp$TPL | 73.0#141 | $4.3B | 9,802,899 |
 Grayscale Bitcoin Trust ETF$GBTC | — | $552.6M | 12,139,990 |
 LandBridge Co LLC$LB | 63.1#659 | $461.3M | 5,821,263 |
 HAWAIIAN ELECTRIC INDUSTRIES INC$HE | 42.5 | $303.0M | 22,395,397 |
 MIAMI INTERNATIONAL HOLDINGS, INC.$MIAX | 66.3 | $291.4M | 7,842,173 |
 WaterBridge Infrastructure LLC$WBI | 54.6 | $262.2M | 7,650,237 |
 Wheaton Precious Metals Corp.$WPM | — | $189.5M | 1,686,903 |
 PERMIAN BASIN ROYALTY TRUST$PBT | — | $168.5M | 6,729,289 |
 FRANCO NEVADA Corp$FNV | — | $161.2M | 773,418 |
 Grayscale Bitcoin Mini Trust ETF$BTC | — | $157.5M | 6,067,993 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of HORIZON KINETICS ASSET MANAGEMENT LLC's 351 positions.
Showing top 10 of 351 holdings.
Sector Allocation
Financials
$6.6B
Energy
$563.5M
Materials
$505.2M
Utilities
$305.4M
Real Estate
$159.5M
Consumer Discretionary
$154.3M
Other
$131.8M
Technology
$118.0M
Top Holdings — HORIZON KINETICS ASSET MANAGEMENT LLC (Q2 2026)
Top 150 of 351 disclosed positions (by reported value) from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $TPL | Texas Pacific Land Corp | $4.3B | 48.6% | -2% | 73 |
| 2 | $GBTC | Grayscale Bitcoin Trust ETF | $552.6M | 6.3% | -13% | — |
| 3 | $LB | LandBridge Co LLC | $461.3M | 5.2% | +3% | 63.1 |
| 4 | $HE | HAWAIIAN ELECTRIC INDUSTRIES INC | $303.0M | 3.4% | +4% | 42.5 |
| 5 | $MIAX | MIAMI INTERNATIONAL HOLDINGS, INC. | $291.4M | 3.3% | +127% | 66.3 |
| 6 | $WBI | WaterBridge Infrastructure LLC | $262.2M | 3.0% | +4% | 54.6 |
| 7 | $WPM | Wheaton Precious Metals Corp. | $189.5M | 2.1% | -4% | — |
| 8 | $PBT | PERMIAN BASIN ROYALTY TRUST | $168.5M | 1.9% | +5% | — |
| 9 | $FNV | FRANCO NEVADA Corp | $161.2M | 1.8% | +2% | — |
| 10 | $BTC | Grayscale Bitcoin Mini Trust ETF | $157.5M | 1.8% | +102% | — |
| 11 |  $ICE | Intercontinental Exchange, Inc. | $121.2M | 1.4% | +17% | 73.7 |
| 12 |  $CBOE | Cboe Global Markets, Inc. | $100.6M | 1.1% | +1% | 79.2 |
| 13 |  $LNG | Cheniere Energy, Inc. | $96.1M | 1.1% | -4% | 66.5 |
| 14 |  $MSB | MESABI TRUST | $81.5M | 0.9% | +2% | 50.2 |
| 15 |  $CVEO | Civeo Corp | $80.2M | 0.9% | -3% | 40.4 |
| 16 |  $CACI | CACI INTERNATIONAL INC /DE/ | $71.2M | 0.8% | -1% | 65 |
| 17 |  $CCJ | CAMECO CORP | $71.1M | 0.8% | +7% | — |
| 18 |  $VNOM | Viper Energy, Inc. | $70.1M | 0.8% | -1% | 71.8 |
| 19 |  $BN | BROOKFIELD Corp /ON/ | $67.6M | 0.8% | +1% | — |
| 20 |  $CME | CME GROUP INC. | $62.7M | 0.7% | +5% | 69.5 |
| 21 |  $OR | OR Royalties Inc. | $60.6M | 0.7% | +9% | — |
| 22 |  $WHK | WhiteHawk Minerals Corp. | $43.2M | 0.5% | NEW | — |
| 23 |  $AN | AUTONATION, INC. | $39.6M | 0.5% | -5% | 47.8 |
| 24 |  $TRC | TEJON RANCH CO | $37.6M | 0.4% | +6% | 40.4 |
| 25 |  $JOE | ST JOE Co | $37.1M | 0.4% | +9% | 69.5 |
| 26 |  $EROK | EagleRock Land, LLC | $35.8M | 0.4% | NEW | — |
| 27 | — | HORIZON KINETICS HLDG CORP COM - HKHC | $35.5M | 0.4% | +0% | — |
| 28 |  $GLXY | Galaxy Digital Inc. | $33.8M | 0.4% | -1% | 62.7 |
| 29 |  $BG | Bunge Global SA | $30.3M | 0.3% | -16% | 54.5 |
| 30 |  $IBIT | iShares Bitcoin Trust ETF | $27.9M | 0.3% | +6% | — |
| 31 |  $SII | SPROTT INC. | $26.1M | 0.3% | +12% | — |
| 32 |  $WTM | WHITE MOUNTAINS INSURANCE GROUP LTD | $25.3M | 0.3% | -7% | — |
| 33 |  $PAG | PENSKE AUTOMOTIVE GROUP, INC. | $24.9M | 0.3% | -2% | 49.4 |
| 34 |  $RBA | RB GLOBAL INC. | $24.6M | 0.3% | +13% | 67.3 |
| 35 |  $SJT | SAN JUAN BASIN ROYALTY TRUST | $24.1M | 0.3% | +7% | — |
| 36 |  $MRSH | MARSH & MCLENNAN COMPANIES, INC. | $23.3M | 0.3% | -8% | 66.2 |
| 37 | — | VANGUARD BD INDEX FDS - VANGUARD ULTRA | $23.0M | 0.3% | +36% | — |
| 38 |  $DMLP | DORCHESTER MINERALS, L.P. | $21.5M | 0.2% | -1% | 70.5 |
| 39 |  $RPRX | Royalty Pharma plc | $19.3M | 0.2% | +1% | — |
| 40 |  $BRK.B | BERKSHIRE HATHAWAY INC | $18.6M | 0.2% | -2% | 73.8 |
| 41 |  $LYV | Live Nation Entertainment, Inc. | $18.5M | 0.2% | -36% | 52.9 |
| 42 |  $TFPM | Triple Flag Precious Metals Corp. | $15.2M | 0.2% | +23% | — |
| 43 |  $IPAR | INTERPARFUMS INC | $14.6M | 0.2% | -6% | 61.5 |
| 44 |  $OSK | OSHKOSH CORP | $13.6M | 0.1% | -23% | 45.2 |
| 45 |  $RCL | ROYAL CARIBBEAN CRUISES LTD | $12.5M | 0.1% | -24% | — |
| 46 |  $CCL | Carnival Corp Ltd. | $12.2M | 0.1% | -55% | — |
| 47 |  $MSTR | Strategy Inc | $11.3M | 0.1% | -7% | 17.9 |
| 48 |  $TW | Tradeweb Markets Inc. | $9.7M | 0.1% | +1750% | 76.9 |
| 49 |  $WMB | WILLIAMS COMPANIES, INC. | $9.6M | 0.1% | -7% | 64.3 |
| 50 |  $MSGS | Madison Square Garden Sports Corp. | $9.3M | 0.1% | -1% | 50.3 |
| 51 |  $RGLD | ROYAL GOLD INC | $9.2M | 0.1% | -2% | 79.7 |
| 52 |  $MA | Mastercard Inc | $9.1M | 0.1% | -9% | 85.1 |
| 53 |  $AB | ALLIANCEBERNSTEIN HOLDING L.P. | $8.8M | 0.1% | +14% | — |
| 54 |  $BAM | Brookfield Asset Management Ltd. | $8.5M | 0.1% | -0% | — |
| 55 |  $SBR | SABINE ROYALTY TRUST | $8.2M | 0.1% | +1% | — |
| 56 |  $ET | Energy Transfer LP | $7.7M | 0.1% | +1% | 64.4 |
| 57 |  $SPHR | Sphere Entertainment Co. | $7.7M | 0.1% | -3% | 53.7 |
| 58 |  $FRMI | Fermi Inc. | $7.5M | 0.1% | +55% | — |
| 59 |  $WES | Western Midstream Partners, LP | $7.5M | 0.1% | +1% | 71 |
| 60 |  $FWONA | Liberty Media Corp | $7.2M | 0.1% | -6% | 63.2 |
| 61 | — | LISTED FDS TR - HORZN KNTCS SPAC | $6.7M | 0.1% | -1% | — |
| 62 | — | ALPS ETF TR - ALERIAN MLP | $6.7M | 0.1% | +21% | — |
| 63 |  $LBRT | Liberty Energy Inc. | $6.1M | 0.1% | -19% | 42 |
| 64 |  $KLAC | KLA CORP | $6.0M | 0.1% | +820% | 78.6 |
| 65 |  $NRP | NATURAL RESOURCE PARTNERS LP | $5.9M | 0.1% | +5% | 49.7 |
| 66 |  $FCX | FREEPORT-MCMORAN INC | $5.6M | 0.1% | -3% | 62 |
| 67 |  $SAIC | Science Applications International Corp | $5.6M | 0.1% | +1% | 56.7 |
| 68 |  $NDAQ | NASDAQ, INC. | $5.6M | 0.1% | +0% | 76.7 |
| 69 | — | LISTED FDS TR - HORI KI JAPA ETF | $5.5M | 0.1% | +8% | — |
| 70 | — | LISTED FDS TR - HORZN KINTCS BL | $5.4M | 0.1% | +8% | — |
| 71 |  $XOM.R34088 | EXXON MOBIL CORP | $5.2M | 0.1% | -4% | 57.9 |
| 72 |  $ABBV | AbbVie Inc. | $4.8M | 0.1% | -2% | 72.6 |
| 73 |  $LLY | ELI LILLY & Co | $4.6M | 0.1% | -4% | 87.5 |
| 74 | — | LISTED FDS TR - HORI KI INFL ETF | $4.5M | 0.1% | -9% | — |
| 75 | — | VANGUARD SCOTTSDALE FDS - SHORT TERM TREAS | $4.2M | 0.1% | -26% | — |
| 76 |  $CAT | CATERPILLAR INC | $4.2M | 0.1% | -5% | 66.5 |
| 77 |  $EPD | ENTERPRISE PRODUCTS PARTNERS L.P. | $4.1M | 0.1% | -2% | 61.4 |
| 78 |  $MKL | MARKEL GROUP INC. | $4.0M | 0.1% | -2% | 60.2 |
| 79 |  $CSCO | CISCO SYSTEMS, INC. | $4.0M | 0.1% | -9% | 70.3 |
| 80 |  $HHH | Howard Hughes Holdings Inc. | $4.0M | 0.0% | -72% | 70.9 |
| 81 |  $JNJ | JOHNSON & JOHNSON | $3.9M | 0.0% | -1% | 69 |
| 82 |  $MRK | Merck & Co., Inc. | $3.6M | 0.0% | -1% | 59.9 |
| 83 |  $PM | Philip Morris International Inc. | $3.6M | 0.0% | -1% | 75.9 |
| 84 |  $VRT | Vertiv Holdings Co | $3.5M | 0.0% | -5% | 81 |
| 85 |  $NTR | Nutrien Ltd. | $3.2M | 0.0% | -1% | — |
| 86 |  $CMRE | Costamare Inc. | $3.1M | 0.0% | +0% | — |
| 87 |  $MTA | Metalla Royalty & Streaming Ltd. | $3.1M | 0.0% | +0% | — |
| 88 |  $SU | SUNCOR ENERGY INC | $3.0M | 0.0% | +0% | — |
| 89 | — | NUVEEN AMT FREE QLTY MUN INC - COM | $3.0M | 0.0% | -14% | — |
| 90 |  $BR | BROADRIDGE FINANCIAL SOLUTIONS, INC. | $3.0M | 0.0% | -2% | 66.5 |
| 91 |  $OPLN | OPENLANE, Inc. | $2.9M | 0.0% | -0% | 61 |
| 92 |  $CTRI | Centuri Holdings, Inc. | $2.9M | 0.0% | NEW | 51.9 |
| 93 | — | GRAYSCALE BITCOIN CASH TRUST BCH - BCHG | $2.9M | 0.0% | +31% | — |
| 94 |  $ARLP | ALLIANCE RESOURCE PARTNERS LP | $2.9M | 0.0% | +15% | 50.8 |
| 95 |  $MSGE | Madison Square Garden Entertainment Corp. | $2.8M | 0.0% | -2% | 60.2 |
| 96 |  $WT | WisdomTree, Inc. | $2.8M | 0.0% | -1% | 59.9 |
| 97 |  $MO | ALTRIA GROUP, INC. | $2.8M | 0.0% | +0% | 67.4 |
| 98 |  $RCG | RENN Fund, Inc. | $2.8M | 0.0% | +2% | — |
| 99 |  $TD | TORONTO DOMINION BANK | $2.7M | 0.0% | -0% | 80.5 |
| 100 |  $LHX | L3HARRIS TECHNOLOGIES, INC. /DE/ | $2.7M | 0.0% | +0% | 64.4 |
| 101 | $FWONA | Liberty Media Corp | $2.7M | 0.0% | -11% | 63.2 |
| 102 |  $APYX | Apyx Medical Corp | $2.6M | 0.0% | -5% | 27.6 |
| 103 | — | GRAYSCALE LITECOIN TRUST LTC SHS - LTCN | $2.6M | 0.0% | +42% | — |
| 104 |  $MSFT | MICROSOFT CORP | $2.6M | 0.0% | -0% | 79.8 |
| 105 |  $BMY | BRISTOL MYERS SQUIBB CO | $2.6M | 0.0% | -0% | 70.4 |
| 106 |  $EXP | EAGLE MATERIALS INC | $2.4M | 0.0% | -37% | 57 |
| 107 |  $EMR | EMERSON ELECTRIC CO | $2.4M | 0.0% | +0% | 65.3 |
| 108 |  $GE | GENERAL ELECTRIC CO | $2.4M | 0.0% | -1% | 73.8 |
| 109 |  $BATRA | Atlanta Braves Holdings, Inc. | $2.4M | 0.0% | -1% | 20.5 |
| 110 |  $PAA | PLAINS ALL AMERICAN PIPELINE LP | $2.3M | 0.0% | +17% | 59.1 |
| 111 |  $CVX | CHEVRON CORP | $2.3M | 0.0% | -2% | 62.8 |
| 112 |  $RTX | RTX Corp | $2.3M | 0.0% | +0% | 73.2 |
| 113 |  $IRM | IRON MOUNTAIN INC | $2.3M | 0.0% | -3% | 62.9 |
| 114 |  $EQT | EQT Corp | $2.2M | 0.0% | -3% | 83.7 |
| 115 |  $ADM | Archer-Daniels-Midland Co | $2.2M | 0.0% | -52% | 50.7 |
| 116 |  $BKKT | Bakkt, Inc. | $2.2M | 0.0% | -12% | 53.7 |
| 117 |  $FNF | Fidelity National Financial, Inc. | $2.1M | 0.0% | +2% | 58.1 |
| 118 |  $BSM | Black Stone Minerals, L.P. | $2.1M | 0.0% | +0% | 60.2 |
| 119 |  $RMT | ROYCE MICRO-CAP TRUST, INC. | $2.0M | 0.0% | +1% | — |
| 120 |  $ROK | ROCKWELL AUTOMATION, INC | $1.9M | 0.0% | +0% | 63.6 |
| 121 |  $SON | SONOCO PRODUCTS CO | $1.9M | 0.0% | +7% | 69 |
| 122 |  $LVS | LAS VEGAS SANDS CORP | $1.9M | 0.0% | +0% | 70.7 |
| 123 |  $AMRZ | Amrize Ltd | $1.8M | 0.0% | NEW | — |
| 124 |  $AAPL | Apple Inc. | $1.8M | 0.0% | -2% | 76.4 |
| 125 | — | VANGUARD INDEX FDS - S&P 500 ETF SHS | $1.8M | 0.0% | -12% | — |
| 126 |  $PFE | PFIZER INC | $1.7M | 0.0% | +1% | 62 |
| 127 |  $GEV | GE Vernova Inc. | $1.7M | 0.0% | -1% | 81.1 |
| 128 |  $NVS | NOVARTIS AG | $1.7M | 0.0% | -4% | — |
| 129 |  $CRL | CHARLES RIVER LABORATORIES INTERNATIONAL, INC. | $1.6M | 0.0% | -42% | 43.8 |
| 130 |  $V | VISA INC. | $1.6M | 0.0% | +0% | 82.9 |
| 131 |  $REZI | RESIDEO TECHNOLOGIES, INC. | $1.6M | 0.0% | +1% | 54.9 |
| 132 |  $FTLF | FITLIFE BRANDS, INC. | $1.6M | 0.0% | -6% | 51.1 |
| 133 |  $SLV | iShares Silver Trust | $1.6M | 0.0% | -0% | — |
| 134 |  $WPC | W. P. Carey Inc. | $1.6M | 0.0% | +0% | 65.9 |
| 135 |  $RIO | RIO TINTO PLC | $1.5M | 0.0% | -0% | — |
| 136 |  $MYI | BLACKROCK MUNIYIELD QUALITY FUND III, INC. | $1.5M | 0.0% | -34% | — |
| 137 |  $BNY | Bank of New York Mellon Corp | $1.5M | 0.0% | +0% | 74.1 |
| 138 |  $NRK | NUVEEN NEW YORK AMT-FREE QUALITY MUNICIPAL INCOME FUND | $1.5M | 0.0% | +0% | — |
| 139 |  $ADI | ANALOG DEVICES INC | $1.4M | 0.0% | -4% | 79.2 |
| 140 | $BATRA | Atlanta Braves Holdings, Inc. | $1.4M | 0.0% | -1% | 20.5 |
| 141 |  $NVDA | NVIDIA CORP | $1.4M | 0.0% | -1% | 85.9 |
| 142 | — | PROSHARES TR II - SHT VIX ST TRM | $1.4M | 0.0% | +0% | — |
| 143 |  $PFN | PIMCO Income Strategy Fund II | $1.4M | 0.0% | +0% | — |
| 144 |  $GLD | SPDR GOLD TRUST | $1.3M | 0.0% | -6% | — |
| 145 |  $MPC | Marathon Petroleum Corp | $1.3M | 0.0% | +0% | 61 |
| 146 |  $BNT | Brookfield Wealth Solutions Ltd. | $1.3M | 0.0% | -0% | — |
| 147 |  $SBLK | Star Bulk Carriers Corp. | $1.3M | 0.0% | +1% | — |
| 148 |  $NAD | Nuveen Quality Municipal Income Fund | $1.3M | 0.0% | -35% | — |
| 149 |  $GSK | GSK plc | $1.3M | 0.0% | -2% | — |
| 150 |  $VRSK | Verisk Analytics, Inc. | $1.3M | 0.0% | +0% | 71.2 |
New Positions (18)
$WHK WhiteHawk Minerals Corp.$43.2M$EROK EagleRock Land, LLC$35.8M$CTRI Centuri Holdings, Inc.$2.9M$AMRZ Amrize Ltd$1.8M
$RDW Redwire Corp$1.0M
$KMB KIMBERLY CLARK CORP$838,204
$HONA Honeywell Aerospace Inc.$726,469
$UPS UNITED PARCEL SERVICE INC$479,450
$ENB ENBRIDGE INC$258,961
$DORM Dorman Products, Inc.$245,610
$WTTR Select Water Solutions, Inc.$199,800
$KEEL Keel Infrastructure Corp.$105,042
$MFM ABERDEEN MUNICIPAL INCOME FUND$97,855Exited Positions (21)
$TPH Tri Pointe Homes, Inc.
$PTEN PATTERSON UTI ENERGY INC
$SDA SunCar Technology Group Inc.
$AWR AMERICAN STATES WATER CO
$T AT&T INC.
$NOC NORTHROP GRUMMAN CORP /DE/
$NFLX NETFLIX INC
$DOW DOW INC.
$AWK American Water Works Company, Inc.Browse Top Institutional Investors
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