HORIZON KINETICS ASSET MANAGEMENT LLC
Institutional investor · Portfolio as of Q2 2025
Top Holdings352 positions
Texas Pacific Land Corp | 3.6M | $3.8B | 44.8% | $131.03 | +166.64% | 15 qtrssince 2021-Q4 | Decreased 0 |
GRAYSCALE BITCOIN TR BTC | 14.6M | $1.2B | 14.6% | $8.36 | +906.93% | 11 qtrssince 2022-Q4 | Decreased 0 |
LANDBRIDGE COMPANY LLC | 5.5M | $371.6M | 4.4% | $26.68 | +151.27% | 5 qtrssince 2024-Q2 | Increased 57 |
Wheaton Precious Metals Corp | 3M | $268.1M | 3.2% | $42.84 | +108.70% | 15 qtrssince 2021-Q4 | Increased 57 |
HAWAIIAN ELEC INDUSTRIES | 16.3M | $173.1M | 2.1% | $10.70 | -0.66% | 3 qtrssince 2024-Q4 | Increased 65 |
Franco-Nevada Corp | 1M | $171.1M | 2.0% | $133.85 | +20.53% | 15 qtrssince 2021-Q4 | Increased 53 |
Intercontinental Exchange Inc | 831,758 | $152.6M | 1.8% | $128.99 | +39.97% | 15 qtrssince 2021-Q4 | Increased 48 |
GRAYSCALE BITCOIN MINI TRUST ETF | 3.1M | $146.7M | 1.7% | $41.89 | +13.98% | 3 qtrssince 2024-Q4 | Increased 48 |
Cheniere Energy Inc | 484,912 | $118.1M | 1.4% | $113.27 | +112.44% | 15 qtrssince 2021-Q4 | Increased 47 |
CBOE Holdings Inc | 412,717 | $96.2M | 1.1% | $127.24 | +82.45% | 15 qtrssince 2021-Q4 | Decreased 0 |
CACI INTERNATIONAL INC CL A | 161,672 | $77.1M | 0.9% | $270.12 | +76.48% | 15 qtrssince 2021-Q4 | Decreased 0 |
PERMIAN BASIN RTY TR | 5.8M | $72.8M | 0.9% | $13.75 | -11.12% | 15 qtrssince 2021-Q4 | Increased 56 |
Brookfield Asset Management In | 1.2M | $72.6M | 0.9% | $22.74 | +79.88% | 11 qtrssince 2022-Q4 | Decreased 0 |
MESABI TR | 3M | $70.9M | 0.8% | $17.42 | +33.15% | 15 qtrssince 2021-Q4 | Increased 43 |
Civeo Corp | 2.9M | $66.5M | 0.8% | $18.47 | +23.20% | 15 qtrssince 2021-Q4 | Decreased 0 |
VIPER ENERGY INC | 1.7M | $65.2M | 0.8% | $32.12 | +33.86% | 7 qtrssince 2023-Q4 | Increased 44 |
ISHARES BITCOIN TRUST ETF | 961,927 | $58.9M | 0.7% | $42.05 | +45.57% | 6 qtrssince 2024-Q1 | Increased 46 |
MicroStrategy Inc | 145,499 | $58.8M | 0.7% | $43.22 | +835.18% | 15 qtrssince 2021-Q4 | Decreased 0 |
AUTONATION INC | 261,774 | $52M | 0.6% | $116.85 | +70.00% | 15 qtrssince 2021-Q4 | Decreased 0 |
Cameco Corp | 675,700 | $50.2M | 0.6% | $38.55 | +92.18% | 9 qtrssince 2023-Q2 | Increased 44 |
HORIZON KINETICS ASSET MANAGEMENT LLC manages $8.4B across 352 positions as of Q2 2025. Top holdings: TPL (44.8%), GBTC (14.6%), LB (4.4%). Fund DNA: Concentrated Value. HoldingsIntel Score: 5/5.0.
Active quarter - 17 new positions, 10 exits, 98 increased. Top move: HE (INCREASED, conviction 65). Portfolio: $8.4B across 352 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