Latest HORIZON KINETICS ASSET MANAGEMENT LLC Stock Portfolio

HORIZON KINETICS ASSET MANAGEMENT LLC Performance:

2025 Q2: 0.94%YTD: 0.92%2024: 2.84%

Performance for 2025 Q2 is 0.94%, and YTD is 0.92%, and 2024 is 2.84%.

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 $8.4 Billions as of 30 Jun, 2025.

The top stock holdings of HORIZON KINETICS ASSET MANAGEMENT LLC are TPL, , . The fund has invested 44.8% of it's portfolio in TEXAS PACIFIC LAND CORPORATI and 14.6% of portfolio in GRAYSCALE BITCOIN TRUST ETF.

The fund managers got completely rid off OSISKO GOLD ROYALTIES LTD, ISHARES TR (IJR) and KRAFT HEINZ COMPANY (KHC) stocks. They significantly reduced their stock positions in KKR & CO INC (KKR), KIMBELL RTY PARTNERS LP (KRP) and KINDER MORGAN INC DEL (KMI). HORIZON KINETICS ASSET MANAGEMENT LLC opened new stock positions in OR ROYALTIES INC., BROADCOM INC (AVGO) and MODINE MFG CO (MOD). The fund showed a lot of confidence in some stocks as they added substantially to BLACKROCK MUNIYIELD QUALITY, AUTOMATIC DATA PROCESSING IN (ADP) and TEJON RANCH CO (TRC).

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 0.94% in the last quarter. In trailing 12 months, it's portfolio return was 2.5%.

New Buys

Ticker	$ Bought
or royalties inc.	46,727,900
galaxy digital inc.	29,877,400
blackrock munivest fd inc	612,387
costamare bulkers hldgs ltd	548,378
listed fds tr	439,971
broadcom inc	399,141
modine mfg co	387,105
energy recovery inc	363,463

New stocks bought by HORIZON KINETICS ASSET MANAGEMENT LLC

Additions

Ticker	% Inc.
blackrock muniyield quality	132
automatic data processing in	111
tejon ranch co	99.92
proshares tr	99.48
nuveen new york amt qlt muni	96.66
united rentals inc	89.00
san juan basin rty tr	86.00
eaton corp plc	68.11

Additions to existing portfolio by HORIZON KINETICS ASSET MANAGEMENT LLC

Reductions

Ticker	% Reduced
kkr & co inc	-40.69
kimbell rty partners lp	-39.9
kinder morgan inc del	-37.13
charles riv labs intl inc	-35.08
s&p global inc	-34.58
nasdaq inc	-32.75
proshares tr	-32.36
tri pointe homes inc	-30.52

HORIZON KINETICS ASSET MANAGEMENT LLC reduced stake in above stock

Sold off

Ticker	$ Sold
osisko gold royalties ltd	-35,968,100
2seventy bio inc	-85,338
kraft heinz company	-461,319
kayne anderson energy infrstr	-154,372
oil state international inc	-58,195
barrick gold corp	-206,064
prestige consmr healthcare i	-279,145
ishares tr	-590,490

HORIZON KINETICS ASSET MANAGEMENT LLC got rid off the above stocks

Sector Distribution

HORIZON KINETICS ASSET MANAGEMENT LLC has about 81.3% of it's holdings in Others sector.

Sector	%
Others	81.3
Financial Services	3.9
Energy	3.1
Utilities	2.7
Technology	2.1
Industrials	1.9
Consumer Cyclical	1.8

Market Cap. Distribution

HORIZON KINETICS ASSET MANAGEMENT LLC has about 9.6% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	81.3
LARGE-CAP	9.6
SMALL-CAP	4.3
MID-CAP	3.6

Stocks belong to which Index?

About 9.5% of the stocks held by HORIZON KINETICS ASSET MANAGEMENT LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	90.6
S&P 500	6.3
RUSSELL 2000	3.2

Top 5 Winners (%)		%
SMR	nuscale pwr corp	174.6 %
EVLV	evolv technologies hldngs in	100.0 %
EDIT	editas medicine inc	87.6 %
VRT	vertiv holdings co	74.7 %
GALT	galectin therapeutics inc	70.4 %

Top 5 Winners ($)		$
CACI	caci intl inc	20.2 M
MSTR	microstrategy inc	18.3 M
AN	autonation inc	10.0 M
ICE	intercontinental exchange in	9.1 M
CCL	carnival corp	8.6 M

Top 5 Losers (%)		%
RYAM	rayonier advanced matls inc	-32.3 %
PTEN	patterson-uti energy inc	-27.9 %
LBRT	liberty energy inc	-27.3 %
BMY	bristol-myers squibb co	-23.7 %
DOW	dow inc	-22.1 %

Top 5 Losers ($)		$
ARIS	aris water solutions inc	-12.9 M
VNOM	viper energy inc	-11.6 M
MMC	marsh & mclennan cos inc	-3.8 M
HE	hawaiian elec industries	-3.5 M
WEN	wendys co	-2.4 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 349 stocks in it's portfolio. About 77.2% of the portfolio is in top 10 stocks. ARIS proved to be the most loss making stock for the portfolio. CACI was the most profitable stock for HORIZON KINETICS ASSET MANAGEMENT LLC last quarter.

Last Reported on: 12 Aug, 2025

	Ticker	Namesorted descending	% Portfolio	Shares Held	$ Value	Type	% Change
	TPL	texas pacific land corporati	44.81	3,577,530	3,779,270,000	reduced	-0.49
Historical Trend of TEXAS PACIFIC LAND CORPORATI Position Held By HORIZON KINETICS ASSET MANAGEMENT LLC What % of Portfolio is TPL?: Number of TPL shares held: Change in No. of Shares Held:
		grayscale bitcoin trust etf	14.64	14,551,200	1,234,380,000	reduced	-0.99

		landbridge company llc	4.41	5,498,920	371,617,000	added	0.22

		wheaton precious metals corp	3.18	2,985,490	268,097,000	added	0.97

	HE	hawaiian elec industries	2.05	16,281,700	173,075,000	added	28.64

		franco nev corp	2.03	1,043,550	171,058,000	added	2.63

	ICE	intercontinental exchange in	1.81	831,758	152,603,000	added	1.65

		grayscale bitcoin mini tr et	1.74	3,072,370	146,706,000	added	0.38

	LNG	cheniere energy inc	1.40	484,912	118,086,000	added	0.17

		cboe global mkts inc	1.14	412,717	96,249,800	reduced	-1.32

	CACI	caci intl inc	0.91	161,672	77,069,000	reduced	-14.75

	PBT	permian basin rty tr	0.86	5,839,820	72,764,200	added	41.25

		brookfield corp	0.86	1,173,000	72,550,100	reduced	-3.13

	MSB	mesabi tr	0.84	2,960,590	70,935,700	added	2.03

	CVEO	civeo corp cda	0.79	2,881,030	66,523,000	reduced	-3.05

	VNOM	viper energy inc	0.77	1,711,180	65,247,300	added	6.12

		ishares bitcoin trust etf	0.70	961,927	58,879,600	added	10.53

	MSTR	microstrategy inc	0.70	145,499	58,815,100	reduced	-9.9

	AN	autonation inc	0.62	261,774	52,001,400	reduced	-6.67

		cameco corp	0.60	675,700	50,157,200	added	6.8