HORIZON KINETICS ASSET MANAGEMENT LLC
Institutional investor · Portfolio as of Q1 2025
Top Holdings347 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
TEXAS PACIFIC LAND CORP | 3.6M | $4.8B | 54.0% | $168.06 | +157.69% | 14 qtrssince 2021-Q4 | Decreased 0 |
GRAYSCALE BITCOIN TRUST BTC | 14.7M | $957.8M | 10.9% | $8.36 | +691.81% | 10 qtrssince 2022-Q4 | Decreased 0 |
LANDBRIDGE COMPANY LLC | 5.5M | $394.7M | 4.5% | $26.76 | +159.16% | 4 qtrssince 2024-Q2 | Increased 58 |
WHEATON PRECIOUS METALS CORP | 3M | $229.5M | 2.6% | $42.52 | +80.00% | 14 qtrssince 2021-Q4 | Increased 53 |
FRANCO-NEVADA CORP /CAD/ | 1M | $160.2M | 1.8% | $133.12 | +16.52% | 14 qtrssince 2021-Q4 | Increased 49 |
INTERCONTINENTALEXCHANGE GRO COM | 818,261 | $141.2M | 1.6% | $129.88 | +33.39% | 14 qtrssince 2021-Q4 | Increased 48 |
HAWAIIAN ELEC INDS INC MTN B | 12.7M | $138.6M | 1.6% | $10.86 | +2.39% | 2 qtrssince 2024-Q4 | Increased 77 |
CHENIERE ENERGY INC | 484,096 | $112M | 1.3% | $113.06 | +101.82% | 14 qtrssince 2021-Q4 | Decreased 0 |
GRAYSCALE BITCOIN MINI TRUST ETF | 3.1M | $111.7M | 1.3% | $41.75 | -11.21% | 2 qtrssince 2024-Q4 | Decreased 0 |
CBOE GLOBAL MARKETS INC | 418,256 | $94.6M | 1.1% | $126.67 | +75.30% | 14 qtrssince 2021-Q4 | Increased 47 |
MESABI TR CTF BEN INT | 2.9M | $78.9M | 0.9% | $17.30 | +49.23% | 14 qtrssince 2021-Q4 | Increased 43 |
Viper Energy, Inc. | 1.6M | $72.8M | 0.8% | $31.81 | +33.11% | 6 qtrssince 2023-Q4 | Increased 42 |
CACI INTL INC | 189,652 | $69.6M | 0.8% | $270.20 | +38.18% | 14 qtrssince 2021-Q4 | Decreased 0 |
CIVEO CORP CDA | 3M | $68.3M | 0.8% | $18.47 | +23.74% | 14 qtrssince 2021-Q4 | Decreased 0 |
BROOKFIELD CORP /CAD/ | 1.2M | $63.5M | 0.7% | $22.85 | +50.63% | 10 qtrssince 2022-Q4 | Decreased 0 |
ARIS WATER SOLUTIONS INC | 1.5M | $46.9M | 0.5% | — | — | 2 qtrssince 2024-Q4 | Increased 66 |
STRATEGY INC | 161,495 | $46.6M | 0.5% | $163.09 | +77.45% | 14 qtrssince 2021-Q4 | Decreased 0 |
AUTONATION INC | 280,493 | $45.4M | 0.5% | $115.98 | +37.16% | 14 qtrssince 2021-Q4 | Decreased 0 |
LIVE NATION ENTERTAINMENT IN | 325,976 | $42.6M | 0.5% | $119.71 | +4.44% | 14 qtrssince 2021-Q4 | Decreased 0 |
PERMIAN BASIN RTY TR | 4.1M | $41M | 0.5% | $14.38 | -32.73% | 14 qtrssince 2021-Q4 | Increased 37 |
HORIZON KINETICS ASSET MANAGEMENT LLC manages $8.8B across 347 positions as of Q1 2025. Top holdings: TPL (54.0%), GBTC (10.9%), LB (4.5%). Fund DNA: Concentrated Value. HoldingsIntel Rating: 4/5.0.
Active quarter - 7 new positions, 10 exits, 87 increased. Top move: HE (INCREASED, conviction 77). Portfolio: $8.8B across 347 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