HORIZON KINETICS ASSET MANAGEMENT LLC
CIK: 0001056823Latest portfolio: $7.4B · Q4 2025
Holdings
324
Total Value
$7.4B
New Positions
4
Closed Positions
14
Top Holdings
View All 324 Holdings →| # | Stock | Shares | Value | % Portfolio | Change | Type |
|---|---|---|---|---|---|---|
| 1 | TPLTEXAS PACIFIC LAND CORPORATI | 10,333,762 | $3.0B | 40.14% | +6.8M | |
| 2 | GBTCGRAYSCALE BITCOIN TRUST ETF | 14,113,593 | $964.8M | 13.05% | -67,607 | |
| 3 | WPMWHEATON PRECIOUS METALS CORP | 2,493,518 | $293.0M | 3.96% | -298,594 | |
| 4 | LBLANDBRIDGE COMPANY LLC | 5,642,766 | $276.4M | 3.74% | +11K | |
| 5 | HEHAWAIIAN ELEC INDUSTRIES | 19,392,363 | $238.5M | 3.23% | +1.1M | |
| 6 | FNVFRANCO NEV CORP | 968,101 | $200.7M | 2.71% | -44,261 | |
| 7 | WBIWATERBRIDGE INFRASTRUCTURE L | 6,837,520 | $136.8M | 1.85% | +483K | |
| 8 | ICEINTERCONTINENTAL EXCHANGE IN | 830,766 | $134.6M | 1.82% | -295 | |
| 9 | MSBMESABI TR | 3,027,698 | $116.6M | 1.58% | +28K | |
| 10 | BTCGRAYSCALE BITCOIN MINI TR ET | 2,997,060 | $116.1M | 1.57% | -3,407 | |
| 11 | PBTPERMIAN BASIN RTY TR | 6,187,800 | $105.1M | 1.42% | +89K | |
| 12 | CBOECBOE GLOBAL MKTS INC | 408,398 | $102.5M | 1.39% | -1,061 | |
| 13 | LNGCHENIERE ENERGY INC | 463,329 | $90.1M | 1.22% | -9,630 | |
| 14 | CA8ACACI INTL INC | 158,591 | $84.5M | 1.14% | -2,074 | |
| 15 | MIAXMIAMI INTL HLDGS INC | 1,819,798 | $80.8M | 1.09% | +437K | |
| 16 | CMECME GROUP INC | 275,611 | $75.3M | 1.02% | -1,162 | |
| 17 | BNBROOKFIELD CORP | 1,583,710 | $72.7M | 0.98% | -65,561 | |
| 18 | VNOMVIPER ENERGY INC | 1,714,904 | $66.2M | 0.90% | -7,023 | |
| 19 | OROR ROYALTIES INC. | 1,815,024 | $64.2M | 0.87% | -8,626 | |
| 20 | CCOCAMECO CORP | 674,096 | $61.7M | 0.83% | -1,936 | |
| 21 | CVEOCIVEO CORP CDA | 2,449,487 | $56.0M | 0.76% | -240,979 | |
| 22 | ANAUTONATION INC | 256,479 | $53.0M | 0.72% | -2,856 | |
| 23 | DBRGDIGITALBRIDGE GROUP INC | 3,046,533 | $46.7M | 0.63% | -239,864 | |
| 24 | IBITISHARES BITCOIN TRUST ETF | 796,863 | $39.6M | 0.54% | -30,038 | |
| 25 | SJTSAN JUAN BASIN RTY TR | 6,231,144 | $35.0M | 0.47% | +619K |
Quarterly Changes
Increased Positions
Sector Breakdown
Financial Services0.0% ($1.3455010250780765e+289T)
Technology0.0% ($9.648051160762529e+149T)
Energy0.0% ($2.968063276439137e+116T)
Industrials0.0% ($5.601930161145972e+103T)
Healthcare0.0% ($1.36534464441233e+101T)
Unknown0.0% ($8.449821178190945e+64T)
Consumer Cyclical0.0% ($5.295729243268891e+59T)
Communication Services0.0% ($6.16732420880406e+56T)
Basic Materials0.0% ($2.930382006671166e+55T)
Real Estate0.0% ($4.673332940234012e+33T)
Consumer Defensive0.0% ($3.108811753346125e+24T)
Utilities0.0% ($238526943869852544.0T)
Filing History
| Quarter | Filing Date | Portfolio Value | Holdings |
|---|---|---|---|
| Q4 2025 | Feb 11, 2026 | $7.4B | 324 |
| Q3 2025 | Nov 14, 2025 | $8.2T | 336 |
| Q2 2025 | Aug 12, 2025 | $8.4T | 352 |
| Q1 2025 | May 15, 2025 | $8.8T | 347 |
| Q4 2024 | Feb 10, 2025 | $8.0T | 349 |
| Q3 2024 | Nov 13, 2024 | $6681.7T | 346 |
| Q2 2024 | Aug 14, 2024 | $5723.0T | 324 |
| Q1 2024 | May 14, 2024 | $5288.6T | 323 |
| Q4 2023 | Feb 15, 2024 | $4776.1T | 325 |
| Q3 2023 | Nov 14, 2023 | $5049.8T | 331 |
| Q2 2023 | Aug 14, 2023 | $4643.8T | 334 |
| Q1 2023 | May 12, 2023 | $5208.5T | 334 |
| Q4 2022 | Feb 7, 2023 | $5913.3T | 324 |
| Q3 2022 | Nov 15, 2022 | $5.0T | 329 |
| Q2 2022 | Aug 5, 2022 | $4.8T | 336 |
| Q1 2022 | May 13, 2022 | $5.0T | 345 |
| Q4 2021 | Feb 15, 2022 | $4.5T | 349 |
| Q3 2021 | Nov 15, 2021 | $4.3T | 338 |
| Q2 2021 | Aug 16, 2021 | $4.9T | 345 |
| Q1 2021 | May 11, 2021 | $4.4T | 340 |
| Q4 2020 | Feb 16, 2021 | $3.0T | 347 |
| Q3 2020 | Nov 16, 2020 | $2.5T | 362 |
| Q2 2020 | Aug 14, 2020 | $2.8T | 473 |
| Q1 2020 | May 13, 2020 | $2.3T | 440 |
| Q4 2019 | Feb 14, 2020 | $3.5T | 549 |
| Q3 2019 | Nov 14, 2019 | $3.3T | 558 |
| Q2 2019 | Aug 14, 2019 | $3.6T | 570 |
| Q1 2019 | May 15, 2019 | $3.6T | 565 |
Fund Information
HORIZON KINETICS ASSET MANAGEMENT LLC is an institutional investment manager that files 13F reports with the SEC. As of the Q4 2025 filing, the fund reported a portfolio valued at $7.4B across 324 holdings. The largest position is TEXAS PACIFIC LAND CORPORATI (TPL), representing 40.1% of the portfolio. Compared to the previous quarter, the fund opened 4 new positions and closed 16 positions. 13F filings are required quarterly disclosures that provide transparency into the holdings of institutional investment managers with at least $100 million in qualifying assets.