HORIZON KINETICS ASSET MANAGEMENT LLC
HORIZON KINETICS ASSET MANAGEMENT LLC's HORIZON KINETICS ASSET MANAGEMENT LLC holds 347 U.S.-equity positions worth $9.2B (SEC 13F, Q1 2026). Top positions: Texas Pacific Land Corporation 51.5%, Grayscale Bitcoin Trust Etf 8.0%, LandBridge Company LLC 4.2%. 13F-replication return is +53% over 3 years (-26 pts vs the S&P 500) — a replicated, non-audited figure.
Holdings
| Stock | % of portfolio | Shares | Value | Latest activity | Avg buy price | Current price | Date |
|---|---|---|---|---|---|---|---|
| TPL Texas Pacific Land Corporation | 51.5% | 10.0M | $4.8B | ▼ 3.1% (−318K) | $189.00 | $327.36 (+73%) | 2026-03-31 |
| GBTC Grayscale Bitcoin Trust Etf | 8.0% | 14.0M | $739M | ▼ 0.8% (−109K) | $62.93 | $64.77 (+3%) | 2026-03-31 |
| LB LandBridge Company LLC | 4.2% | 5.7M | $391M | — | $27.77 | $80.89 (+191%) | 2026-03-31 |
| HE Hawaiian Electric Industries, Inc. | 3.5% | 21.6M | $321M | ▲ 12% (+2.2M) | $11.24 | $8.76 (−22%) | 2026-03-31 |
| WPM Wheaton Precious Metals Corp. Common Stock | 2.5% | 1.8M | $231M | ▼ 29% (−732K) | $49.40 | $131.85 (+167%) | 2026-03-31 |
| WBI WaterBridge Infrastructure LLC | 2.1% | 7.3M | $197M | ▲ 7.4% (+505K) | $24.99 | $27.61 (+11%) | 2026-03-31 |
| FNV Franco-Nevada Corporation | 2.0% | 757K | $187M | ▼ 22% (−211K) | $143.62 | $237.07 (+65%) | 2026-03-31 |
| PBT Permian Basin Royalty Trust | 1.5% | 6.4M | $137M | ▲ 3.1% (+192K) | $19.51 | $30.97 (+59%) | 2026-03-31 |
| MIAX Miami International Holdings, Inc. | 1.5% | 3.5M | $134M | ▲ 90% (+1.6M) | $40.15 | $34.07 (−15%) | 2026-03-31 |
| ICE Intercontinental Exchange Inc. | 1.4% | 839K | $132M | ▲ 1.0% (+8K) | $111.04 | $152.37 (+37%) | 2026-03-31 |
| LNG Cheniere Energy Inc | 1.3% | 420K | $119M | ▼ 9.3% (−43K) | $160.66 | $268.44 (+67%) | 2026-03-31 |
| CBOE Cboe Global Markets, Inc. | 1.2% | 410K | $115M | — | $138.04 | $278.57 (+102%) | 2026-03-31 |
| MSB Mesabi Trust | 1.1% | 3.1M | $99M | ▲ 3.7% (+113K) | $25.55 | $19.41 (−24%) | 2026-03-31 |
| BTC Grayscale Bitcoin Mini Tr Et | 1.0% | 3.0M | $90M | — | $41.86 | $37.06 (−11%) | 2026-03-31 |
| CACI CACI INTERNATIONAL CLA | 0.9% | 155K | $84M | ▼ 2.5% (−4K) | $296.28 | $622.10 (+110%) | 2026-03-31 |
| CME CME Group Inc. | 0.9% | 270K | $80M | ▼ 1.9% (−5K) | $234.61 | $266.09 (+13%) | 2026-03-31 |
| VNOM Viper Energy, Inc. Class A Common Stock | 0.8% | 1.7M | $78M | ▼ 3.0% (−52K) | $38.22 | $40.12 (+5%) | 2026-03-31 |
| CCJ Cameco Corporation | 0.8% | 652K | $71M | ▼ 3.3% (−22K) | $38.74 | $86.66 (+124%) | 2026-03-31 |
| OR OR Royalties Inc. | 0.7% | 1.8M | $67M | ▼ 3.4% (−61K) | $25.76 | $34.02 (+32%) | 2026-03-31 |
| BN Brookfield Corporation | 0.7% | 1.6M | $64M | ▼ 0.7% (−12K) | $23.93 | $36.41 (+52%) | 2026-03-31 |
| CVEO Civeo Corporation | 0.7% | 2.4M | $62M | ▼ 4.0% (−97K) | $20.65 | $33.40 (+62%) | 2026-03-31 |
| AN AutoNation, Inc. | 0.5% | 225K | $44M | ▼ 12% (−31K) | $134.36 | $157.31 (+17%) | 2026-03-31 |
| BG Bunge Global SA | 0.5% | 337K | $43M | ▼ 3.5% (−12K) | $96.17 | $106.77 (+11%) | 2026-03-31 |
| TRC Tejon Ranch Co. | 0.4% | 1.9M | $36M | ▼ 0.5% (−10K) | $17.38 | $16.16 (−7%) | 2026-03-31 |
| HKHC Horizon Kinetics Hldg Corp C | 0.4% | 1.1M | $35M | — | $36.00 | — (−8%) | 2026-03-31 |
| JOE St. Joe Company | 0.4% | 543K | $34M | ▼ 2.2% (−12K) | $42.55 | $65.50 (+54%) | 2026-03-31 |
| SJT San Juan Basin Royalty Trust UBI | 0.4% | 7.0M | $34M | ▲ 12% (+748K) | $5.49 | $3.60 (−34%) | 2026-03-31 |
| IBIT Ishares Bitcoin Trust Etf | 0.3% | 793K | $30M | — | $42.84 | $47.44 (+11%) | 2026-03-31 |
| SII Sprott Inc. | 0.3% | 207K | $30M | ▼ 3.6% (−8K) | $40.43 | $118.16 (+192%) | 2026-03-31 |
| WTM White Mountains Insurance Group Ltd. | 0.3% | 13K | $29M | — | $1,780.88 | $1,999.98 (+12%) | 2026-03-31 |
| MRSH Marsh | 0.3% | 151K | $26M | ▼ 3.4% (−5K) | $173.45 | $170.74 (−2%) | 2026-03-31 |
| CCL1EUR Carnival Corp | 0.3% | 958K | $25M | — | $10.15 | — (+155%) | 2026-03-31 |
| LYV Live Nation Entertainment Inc. | 0.3% | 157K | $24M | ▼ 7.5% (−13K) | $70.00 | $167.43 (+139%) | 2026-03-31 |
| DMLP Dorchester Minerals LP | 0.2% | 860K | $23M | ▼ 1.8% (−15K) | $30.32 | $27.94 (−8%) | 2026-03-31 |
| GLXY Galaxy Digital Inc. Class A Common Stock | 0.2% | 1.3M | $23M | — | $21.90 | $22.64 (+3%) | 2026-03-31 |
| PAG Penske Automotive Group, Inc. | 0.2% | 143K | $21M | ▼ 16% (−27K) | $141.92 | $200.50 (+41%) | 2026-03-31 |
| BRK.B BERKSHIRE HATHAWAY Class B | 0.2% | 38K | $18M | — | $308.97 | $498.00 (+61%) | 2026-03-31 |
| RBA RB Global, Inc. | 0.2% | 187K | $18M | ▲ 73% (+79K) | $77.25 | $79.63 (+3%) | 2026-03-31 |
| MSTR Strategy Inc Common Stock Class A | 0.2% | 139K | $17M | — | $33.56 | $156.63 (+367%) | 2026-03-31 |
| OSK Oshkosh Corp. | 0.2% | 116K | $17M | — | $83.88 | $128.51 (+53%) | 2026-03-31 |
| VUSB Vanguard Bd Index Fds | 0.2% | 339K | $17M | ▼ 1.0% (−3K) | $49.66 | $49.38 (−1%) | 2026-03-31 |
| RPRX Royalty Pharma plc Class A Ordinary Shares | 0.2% | 341K | $16M | ▼ 3.6% (−13K) | $32.43 | $57.90 (+79%) | 2026-03-31 |
| DBRG DigitalBridge Group, Inc. | 0.2% | 939K | $14M | ▼ 69% (−2.1M) | $11.52 | — (+34%) | 2026-03-31 |
| TFPM Triple Flag Precious Metals Corp. | 0.2% | 413K | $14M | ▼ 2.8% (−12K) | $32.36 | $30.48 (−6%) | 2026-03-31 |
| RCL Royal Caribbean Group | 0.1% | 52K | $14M | ▼ 2.0% (−1K) | $69.32 | $266.13 (+284%) | 2026-03-31 |
| IPAR Interparfums, Inc. Common Stock | 0.1% | 138K | $13M | — | $142.24 | $112.09 (−21%) | 2026-03-31 |
| HHH Howard Hughes Holdings Inc. | 0.1% | 196K | $12M | ▼ 33% (−97K) | $74.13 | $73.13 (−1%) | 2026-03-31 |
| RGLD Royal Gold Inc | 0.1% | 47K | $12M | ▼ 50% (−48K) | $160.01 | $233.25 (+46%) | 2026-03-31 |
| WMB Williams Companies Inc. | 0.1% | 138K | $10M | ▲ 0.7% (+980) | $33.18 | $67.86 (+105%) | 2026-03-31 |
| MA Mastercard Incorporated | 0.1% | 20K | $10M | — | $369.80 | $554.07 (+50%) | 2026-03-31 |
Showing top 50 of 347 holdings by value.
FAQ ▾
What are HORIZON KINETICS ASSET MANAGEMENT LLC's largest holdings?
As of the latest 13F: Texas Pacific Land Corporation 51.5%, Grayscale Bitcoin Trust Etf 8.0%, LandBridge Company LLC 4.2%, Hawaiian Electric Industries, Inc. 3.5%, Wheaton Precious Metals Corp. Common Stock 2.5%.
How big is HORIZON KINETICS ASSET MANAGEMENT LLC's 13F portfolio?
$9.2B across 347 disclosed U.S.-equity positions.
What is HORIZON KINETICS ASSET MANAGEMENT LLC's 3-year performance?
+53% (13F-replication, price return), -26 pts vs the S&P 500. Not an audited fund return.
Where does this data come from?
U.S. SEC Form 13F-HR institutional holdings filings.
Sourced from SEC Form 13F-HR filings · Not investment advice ▾
Latest activity = change vs. the prior 13F. Avg buy price = est. entry over the trailing 3 years (gain = vs. latest price). Returns are 13F-replication, not audited fund returns. Sourced from SEC 13F filings.