HORIZON KINETICS ASSET MANAGEMENT LLC
Institutional investor · Portfolio as of Q1 2026
Top Holdings353 positions
TEXAS PACIFIC LAND CORPORATI | 10M | $4.8B | 51.5% | $165.74 | +185.44% | 21 qtrssince 2021-Q1 | Decreased 0 |
GRAYSCALE BITCOIN TRUST ETF | 14M | $738.9M | 8.0% | $8.32 | +533.90% | 14 qtrssince 2022-Q4 | Decreased 0 |
LANDBRIDGE COMPANY LLC | 5.7M | $390.6M | 4.2% | $27.45 | +150.84% | 8 qtrssince 2024-Q2 | Increased 57 |
HAWAIIAN ELEC INDS INC MTN B | 21.6M | $321.1M | 3.5% | $11.24 | +31.98% | 6 qtrssince 2024-Q4 | Increased 63 |
WHEATON PRECIOUS METALS CORP | 1.8M | $230.8M | 2.5% | $32.59 | +300.83% | 27 qtrssince 2019-Q3 | Decreased 0 |
WATERBRIDGE INFRASTRUC-CL A | 7.3M | $196.7M | 2.1% | $24.86 | +7.43% | 3 qtrssince 2025-Q3 | Increased 56 |
FRANCO NEV CORP | 757,297 | $187.1M | 2.0% | $107.32 | +129.33% | 27 qtrssince 2019-Q3 | Decreased 0 |
PERMIAN BASIN RTY TR | 6.4M | $137.3M | 1.5% | $13.96 | +53.20% | 27 qtrssince 2019-Q3 | Increased 49 |
MIAMI INTERNATIONAL HOLDINGS INC | 3.5M | $134.3M | 1.5% | $41.99 | +0.11% | 3 qtrssince 2025-Q3 | Increased 75 |
INTERCONTINENTAL EXCHANGE IN | 838,899 | $131.9M | 1.4% | $105.64 | +47.84% | 27 qtrssince 2019-Q3 | Increased 48 |
CHENIERE ENERGY INC | 420,328 | $119.3M | 1.3% | $87.66 | +222.25% | 27 qtrssince 2019-Q3 | Decreased 0 |
CBOE GLOBAL MKTS INC | 410,066 | $115.3M | 1.2% | $110.19 | +153.83% | 27 qtrssince 2019-Q3 | Increased 47 |
MESABI TR | 3.1M | $98.9M | 1.1% | $16.94 | +83.85% | 27 qtrssince 2019-Q3 | Increased 49 |
GRAYSCALE BITCOIN MINI TR ET | 3M | $90.1M | 1.0% | $41.86 | -28.36% | 6 qtrssince 2024-Q4 | Increased 42 |
CACI INTL INC | 154,648 | $84.1M | 0.9% | $236.66 | +129.81% | 27 qtrssince 2019-Q3 | Decreased 0 |
CME GROUP INC | 270,253 | $79.8M | 0.9% | $218.92 | +33.59% | 27 qtrssince 2019-Q3 | Decreased 0 |
VIPER ENERGY INC | 1.7M | $78.1M | 0.8% | $36.09 | +26.34% | 3 qtrssince 2025-Q3 | Decreased 0 |
CAMECO CORP | 651,825 | $70.8M | 0.8% | $38.57 | +181.57% | 12 qtrssince 2023-Q2 | Decreased 0 |
OR ROYALTIES INC. | 1.8M | $66.7M | 0.7% | $25.62 | +47.83% | 4 qtrssince 2025-Q2 | Decreased 0 |
BROOKFIELD CORP | 1.6M | $63.6M | 0.7% | $29.29 | +37.68% | 14 qtrssince 2022-Q4 | Decreased 0 |
HORIZON KINETICS ASSET MANAGEMENT LLC manages $9.2B across 353 positions as of Q1 2026. Top holdings: TPL (51.5%), GBTC (8.0%), LB (4.2%). Fund DNA: Concentrated Value. HoldingsIntel Score: 4.5/5.0.
Active quarter - 44 new positions, 15 exits, 88 increased. Top move: MIAX (INCREASED, conviction 75). Portfolio: $9.2B across 353 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
Best and worst performing positions by estimated return
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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