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HORIZON KINETICS ASSET MANAGEMENT LLC

Institutional InvestorSimilar funds →SEC EDGAR: CIK 1056823
Institutional-grade research for retail investors

Sector Allocation

  • Financials75.1%$6.6B
  • Energy6.4%$563.5M
  • Materials5.7%$505.2M
  • Utilities3.5%$305.4M
  • Real Estate1.8%$159.5M
  • Consumer Discretionary1.8%$155.1M
  • Other1.5%$131.8M
  • Technology1.2%$109.6M
  • Industrials1.1%$95.1M
  • Healthcare0.7%$60.8M

AUM History

13fpro.ai/research/fund/horizon-kinetics-asset-management-llc-1056823

Conviction and streaks

Stable · top 10 = 77.5%

From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.

TPL$TPLConviction hold48.6% weight · held 10 quartersGBTC$GBTCConviction hold6.3% weight · held 10 quartersLB$LBConviction hold5.2% weight · held 9 quartersHE$HEConviction hold3.4% weight · held 7 quartersMIAX$MIAXConviction hold3.3% weight · held 4 quartersPBT$PBTAccumulating+90% shares · 9 quarters runningMSB$MSBAccumulating+24% shares · 9 quarters runningSJT$SJTAccumulating+769% shares · 9 quarters runningLB$LBAccumulating+24% shares · 8 quarters runningAB$ABAccumulating+860% shares · 7 quarters runningCVEO$CVEOTrimming-31% shares · 9 quarters runningCACI$CACITrimming-59% shares · 9 quarters runningAN$ANTrimming-27% shares · 9 quarters runningLYV$LYVTrimming-74% shares · 9 quarters runningBAM$BAMTrimming-49% shares · 9 quarters running

Largest positions — Q2 2026

Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.

13fpro.ai/research/fund/horizon-kinetics-asset-management-llc-1056823

HORIZON KINETICS ASSET MANAGEMENT LLC 13F holdings — Q2 2026

$8.8B portfolio (-4.5% QoQ) · 351 holdings · Q2 2026 13F · top 10 are 78% of the stock portfolio

Includes $4K of put/call options ($0 puts, $4K calls), which 13F rules report at the value of the underlying shares, not the premium at risk. Stocks alone: $8.8B. Weights use the stock portfolio.

All holdings — HORIZON KINETICS ASSET MANAGEMENT LLC (Q2 2026)

351 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.

Company
ICE$ICEIntercontinental Exchange, Inc.$121.2M+17%
CBOE$CBOECboe Global Markets, Inc.$100.6M+1%
LNG$LNGCheniere Energy, Inc.$96.1M-4%
MSB$MSBMESABI TRUST$81.5M+2%
CVEO$CVEOCiveo Corp$80.2M-3%
CACI$CACICACI INTERNATIONAL INC /DE/$71.2M-0.6%
CCJ$CCJCAMECO CORP$71.1M+7%
VNOM$VNOMViper Energy, Inc.$70.1M-0.6%
BN$BNBROOKFIELD Corp /ON/$67.6M+1.0%
CME$CMECME GROUP INC.$62.7M+5%
OR$OROR Royalties Inc.$60.6M+9%
WHK$WHKWhiteHawk Minerals Corp.$43.2MNew
AN$ANAUTONATION, INC.$39.6M-5%
TRC$TRCTEJON RANCH CO$37.6M+6%
JOE$JOEST JOE Co$37.1M+9%

What changed in Q2 2026

Against the previous quarter's 13F: 18 new, 66 added to, 166 trimmed, 21 sold out. Share-count changes; largest moves by dollar size first.

New positions (18)

  • WHK$WHKWhiteHawk Minerals Corp.$43.2M

    first bought this quarter

  • EROK$EROKEagleRock Land, LLC$35.8M

    first bought this quarter

  • CTRI$CTRICenturi Holdings, Inc.$2.9M

    first bought this quarter

  • AMRZ$AMRZAmrize Ltd$1.8M

    first bought this quarter

  • RDW$RDWRedwire Corp$1.0M

    first bought this quarter

  • KMB$KMBKIMBERLY CLARK CORP$838K

    first bought this quarter

+12 more in the Excel export

Added to (66)

  • MIAX$MIAXMIAMI INTERNATIONAL HOLDINGS, INC.+127%

    now $291.4M · held 4 qtrs, 4 adds in a row

  • BTC$BTCGrayscale Bitcoin Mini Trust ETF+102%

    now $157.5M · held 7 qtrs

  • ICE$ICEIntercontinental Exchange, Inc.+17%

    now $121.2M · held 10+ qtrs

  • LB$LBLandBridge Corp+3%

    now $461.3M · held 9 qtrs

  • WBI$WBIWaterBridge Infrastructure LLC+4%

    now $262.2M · held 4 qtrs, 4 adds in a row

  • HE$HEHAWAIIAN ELECTRIC INDUSTRIES INC+4%

    now $303.0M · held 7 qtrs, 7 adds in a row

+60 more in the Excel export

Trimmed (166)

  • TPL$TPLTexas Pacific Land Corp-2%

    now $4.3B · held 10+ qtrs, 4 trims in a row

  • GBTC$GBTCGrayscale Bitcoin Trust ETF-13%

    now $552.6M · held 10+ qtrs

  • CCL$CCLCarnival Corp Ltd.-55%

    now $12.2M · held 10+ qtrs

  • DBRG-PH$DBRG-PHDigitalBridge Group, Inc.-99%

    now $195K

  • LYV$LYVLive Nation Entertainment, Inc.-36%

    now $18.5M · held 10+ qtrs, 9 trims in a row

  • HHH$HHHHoward Hughes Holdings Inc.-72%

    now $4.0M · held 10+ qtrs, 9 trims in a row

+160 more in the Excel export

Sold out (21)

  • EA SERIES TRUSTwas $5.5M
  • CONSENSUS MINING & SEIGNIORAGE CORP COMwas $4.3M
  • TPH$TPHTri Pointe Homes, Inc.was $4.0M

    held 9+ qtrs

  • PTEN$PTENPATTERSON UTI ENERGY INCwas $2.8M

    held 9+ qtrs

  • SDA$SDASunCar Technology Group Inc.was $1.4M
  • CALLBARCLAYS BANK PLCwas $758K

+15 more in the Excel export

Firm AUM (Form ADV): $9.6B as of 2025-12-31 · SEC IAPD

Share

Holdings by quarter

Every 13F HORIZON KINETICS ASSET MANAGEMENT LLC has filed, 29 earlier quarters. Pick one to see what it held then.

Email me the moment this fund files its next 13FPro

Is it too late to follow HORIZON KINETICS ASSET MANAGEMENT?

Q2 2026 13F filed with the SEC on Aug 11, 2026. Prices are closing prices as of Oct 26, 2026.

Average quality of HORIZON KINETICS ASSET MANAGEMENT's top 20 holdings: 69/100 (our AI quality score, weighted by position size; 13 of the 20 are scored)

Top 10 since filing

-6.0%

Value-weighted move of the 10 largest stock positions

Turnover

4%

Last quarter; 11% over the last 4

Top 10 weight

78%

Share of the stock portfolio in its 10 largest positions

Held 4+ quarters

99%

Share of portfolio value in positions held a year or more

Highest-quality names it owns(among its 100 largest positions)

The 8 highest-scoring companies in this portfolio are a Pro feature.

How these are measured
  • Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
  • Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
  • Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
  • Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
  • Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.

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.

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AI-Powered Hedge Fund Analysis: HORIZON KINETICS ASSET MANAGEMENT LLC

13F Pro is an AI hedge fund tracker and stock research platform. For HORIZON KINETICS ASSET MANAGEMENT LLC (SEC CIK: 1056823), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.

Every holding in HORIZON KINETICS ASSET MANAGEMENT LLC's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.