HORIZON KINETICS ASSET MANAGEMENT LLC
Institutional investor · Portfolio as of Q2 2026
Top Holdings351 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
TEXAS PACIFIC LAND CORPORATI | 9.8M | $4.3B | 48.6% | $250.41 | +45.51% | 19 qtrssince 2021-Q4 | Decreased 0 |
GRAYSCALE BITCOIN TRUST ETF | 12.1M | $552.6M | 6.3% | $8.36 | +617.99% | 15 qtrssince 2022-Q4 | Decreased 0 |
LANDBRIDGE COMPANY LLC | 5.8M | $461.3M | 5.2% | $29.08 | — | 9 qtrssince 2024-Q2 | Increased 62 |
HAWAIIAN ELEC INDS INC MTN B | 22.4M | $303M | 3.4% | $11.55 | -1.26% | 7 qtrssince 2024-Q4 | Increased 59 |
MIAMI INTERNATIONAL HOLDINGS | 7.8M | $291.4M | 3.3% | $39.29 | +9.45% | 4 qtrssince 2025-Q3 | Increased 91 |
WATERBRIDGE INFRASTRUCTURE L | 7.7M | $262.2M | 3.0% | $24.66 | — | 4 qtrssince 2025-Q3 | Increased 55 |
WHEATON PRECIOUS METALS CORP | 1.7M | $189.5M | 2.1% | $42.84 | +257.92% | 19 qtrssince 2021-Q4 | Decreased 0 |
PERMIAN BASIN RTY TR | 6.7M | $168.5M | 1.9% | $14.76 | +129.19% | 19 qtrssince 2021-Q4 | Increased 51 |
FRANCO NEV CORP | 773,418 | $161.2M | 1.8% | $135.40 | +96.57% | 19 qtrssince 2021-Q4 | Increased 49 |
GRAYSCALE BITCOIN MINI TR ET | 6.1M | $157.5M | 1.8% | $33.83 | +1.39% | 7 qtrssince 2024-Q4 | Increased 77 |
INTERCONTINENTAL EXCHANGE IN | 984,701 | $121.2M | 1.4% | $129.86 | +25.00% | 19 qtrssince 2021-Q4 | Increased 55 |
CBOE GLOBAL MKTS INC | 414,634 | $100.6M | 1.1% | $129.13 | +140.42% | 19 qtrssince 2021-Q4 | Increased 48 |
CHENIERE ENERGY INC | 402,040 | $96.1M | 1.1% | $113.27 | +149.25% | 19 qtrssince 2021-Q4 | Decreased 0 |
MESABI TR CTF BEN INT | 3.2M | $81.5M | 0.9% | $18.40 | +30.25% | 19 qtrssince 2021-Q4 | Increased 43 |
CIVEO CORP CDA | 2.3M | $80.2M | 0.9% | $18.47 | +79.36% | 19 qtrssince 2021-Q4 | Decreased 0 |
CACI INTL INC | 153,743 | $71.2M | 0.8% | $270.12 | +132.57% | 19 qtrssince 2021-Q4 | Decreased 0 |
CAMECO CORP | 697,741 | $71.1M | 0.8% | $42.74 | +134.01% | 13 qtrssince 2023-Q2 | Increased 45 |
VIPER ENERGY INC | 1.7M | $70.1M | 0.8% | $36.09 | +22.42% | 4 qtrssince 2025-Q3 | Decreased 0 |
BROOKFIELD CORP | 1.6M | $67.6M | 0.8% | $29.67 | +39.29% | 15 qtrssince 2022-Q4 | Increased 42 |
CME GROUP INC | 283,774 | $62.7M | 0.7% | $228.37 | +25.15% | 19 qtrssince 2021-Q4 | Increased 44 |
HORIZON KINETICS ASSET MANAGEMENT LLC manages $8.8B across 351 positions as of Q2 2026. Top holdings: TPL (48.6%), GBTC (6.3%), LB (5.2%). Fund DNA: Concentrated Value. HoldingsIntel Score: 5/5.0.
Active quarter - 20 new positions, 21 exits, 66 increased. Top move: MIAX (INCREASED, conviction 91). Portfolio: $8.8B across 351 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
Best and worst performing positions by estimated return
Top Winners
Top Losers
Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer
Verify source filings on SEC EDGAR