Latest HORIZON KINETICS ASSET MANAGEMENT LLC Stock Portfolio

HORIZON KINETICS ASSET MANAGEMENT LLC Performance:

2025 Q3: 0.16%YTD: 1.03%2024: 3.01%

Performance for 2025 Q3 is 0.16%, and YTD is 1.03%, and 2024 is 3.01%.

About HORIZON KINETICS ASSET MANAGEMENT LLC and 13F Hedge Fund Stock Holdings

In it's latest 13F Holdings report, HORIZON KINETICS ASSET MANAGEMENT LLC reported an equity portfolio of $8.2 Billions as of 30 Sep, 2025.

The top stock holdings of HORIZON KINETICS ASSET MANAGEMENT LLC are TPL, , . The fund has invested 39.9% of it's portfolio in TEXAS PACIFIC LAND CORPORATI and 15.5% of portfolio in GRAYSCALE BITCOIN TRUST ETF.

The fund managers got completely rid off VIPER ENERGY INC (VNOM), SITIO ROYALTIES CORP and DOW INC (DOW) stocks. They significantly reduced their stock positions in ARIS WATER SOLUTIONS INC (ARIS), ARCHER DANIELS MIDLAND CO (ADM) and BANCO SANTANDER S.A.. HORIZON KINETICS ASSET MANAGEMENT LLC opened new stock positions in WATERBRIDGE INFRASTRUCTURE L, UNITEDHEALTH GROUP INC (UNH) and CONSTELLATION BRANDS INC (STZ). The fund showed a lot of confidence in some stocks as they added substantially to HORIZON KINETICS HLDG CORP, PURE CYCLE CORP (PCYO) and LIBERTY ENERGY INC (LBRT).

HORIZON KINETICS ASSET MANAGEMENT LLC Annual Return Estimates Vs S&P 500

Our best estimate is that HORIZON KINETICS ASSET MANAGEMENT LLC made a return of 0.16% in the last quarter. In trailing 12 months, it's portfolio return was 0.61%.

New Buys

Ticker	$ Bought
waterbridge infrastructure l	160,256,000
viper energy inc	65,812,000
miami intl hldgs inc	55,655,500
unitedhealth group inc	585,284
constellation brands inc	581,370
aehr test sys	463,694
pimco new york mun fd ii	261,556
beam therapeutics inc	232,919

New stocks bought by HORIZON KINETICS ASSET MANAGEMENT LLC

Additions

Ticker	% Inc.
horizon kinetics hldg corp	6,470
listed fds tr	981
pure cycle corp	248
liberty energy inc	132
cme group inc	117
broadridge finl solutions in	93.89
grayscale ethereum mini tr e	63.46
brookfield wealth sol ltd	44.75

Additions to existing portfolio by HORIZON KINETICS ASSET MANAGEMENT LLC

Reductions

Ticker	% Reduced
aris water solutions inc	-89.39
archer daniels midland co	-86.68
banco santander s.a.	-74.4
csw industrials inc	-74.07
blackstone inc	-72.04
bp plc	-67.93
sandstorm gold ltd	-65.02
modine mfg co	-62.34

HORIZON KINETICS ASSET MANAGEMENT LLC reduced stake in above stock

Sold off

Ticker	$ Sold
viper energy inc	-65,247,300
sitio royalties corp	-16,945,200
pimco new york mun income fd	-412,102
macys inc	-378,950
vaneck bitcoin etf	-929,944
brookfield infrast partners	-910,228
dow inc	-719,276
eaton vance new york mun bd	-226,286

HORIZON KINETICS ASSET MANAGEMENT LLC got rid off the above stocks

Sector Distribution

HORIZON KINETICS ASSET MANAGEMENT LLC has about 82.7% of it's holdings in Others sector.

Sector	%
Others	82.7
Financial Services	4.2
Utilities	2.6
Energy	2.2
Technology	2
Consumer Cyclical	1.9
Industrials	1.8

Market Cap. Distribution

HORIZON KINETICS ASSET MANAGEMENT LLC has about 9% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	82.7
LARGE-CAP	9
SMALL-CAP	4.1
MID-CAP	3

Stocks belong to which Index?

About 8.4% of the stocks held by HORIZON KINETICS ASSET MANAGEMENT LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	91.5
S&P 500	5.8
RUSSELL 2000	2.6

Top 5 Winners (%)		%
BKKT	bakkt holdings inc	141.2 %
REZI	resideo technologies inc	95.7 %
GALT	galectin therapeutics inc	92.6 %
RYAM	rayonier advanced matls inc	87.5 %
NTLA	intellia therapeutics inc	77.8 %

Top 5 Winners ($)		$
HE	hawaiian elec industries	6.7 M
BKKT	bakkt holdings inc	6.6 M
AN	autonation inc	5.3 M
DBRG	digitalbridge group inc	4.9 M
LYV	live nation entertainment in	3.8 M

Top 5 Losers (%)		%
REPL	replimune group inc	-53.8 %
IPAR	interparfums inc	-25.1 %
TW	tradeweb mkts inc	-24.2 %
MKTX	marketaxess hldgs inc	-21.3 %
MSTR	strategy inc	-20.3 %

Top 5 Losers ($)		$
ICE	intercontinental exchange in	-12.5 M
MSTR	strategy inc	-11.9 M
IPAR	interparfums inc	-4.6 M
LNG	cheniere energy inc	-4.1 M
AC	associated cap group inc	-3.4 M

HORIZON KINETICS ASSET MANAGEMENT LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of HORIZON KINETICS ASSET MANAGEMENT LLC

HORIZON KINETICS ASSET MANAGEMENT LLC has 334 stocks in it's portfolio. About 75% of the portfolio is in top 10 stocks. ICE proved to be the most loss making stock for the portfolio. HE was the most profitable stock for HORIZON KINETICS ASSET MANAGEMENT LLC last quarter.

Last Reported on: 14 Nov, 2025

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	0.02	7,347	1,870,820	reduced	-18.93

AAXJ	ishares tr	0.00	5,795	425,405	reduced	-5.85

AB	alliancebernstein hldg l p	0.09	188,256	7,195,140	added	14.17

ABBV	abbvie inc	0.06	20,353	4,712,530	reduced	-14.16

ABT	abbott labs	0.02	10,459	1,400,880	unchanged	0.00

AC	associated cap group inc	0.33	805,348	27,003,300	reduced	-7.04

ACES	alps etf tr	0.03	59,674	2,800,500	reduced	-2.74

ADI	analog devices inc	0.01	4,701	1,154,970	reduced	-1.05

ADM	archer daniels midland co	0.05	67,383	4,025,430	reduced	-86.68

ADP	automatic data processing in	0.01	1,595	468,133	reduced	-5.9

AEHR	aehr test sys	0.01	15,400	463,694	new

AFK	vaneck etf trust	0.01	10,887	1,078,140	reduced	-32.33

AFK	vaneck etf trust	0.01	9,054	691,715	reduced	-3.28

AFL	aflac inc	0.00	3,000	335,100	unchanged	0.00

AGQ	proshares tr ii	0.01	23,348	1,189,350	reduced	-4.09

AJG	gallagher arthur j & co	0.01	1,957	606,161	unchanged	0.00

ALKS	alkermes plc	0.01	23,033	690,990	added	4.38

ALLO	allogene therapeutics inc	0.00	19,194	23,801	added	4.38

ALNY	alnylam pharmaceuticals inc	0.01	2,480	1,130,880	reduced	-10.11

AMG	affiliated managers group in	0.01	1,978	471,615	reduced	-5.13