HORIZON KINETICS ASSET MANAGEMENT LLC Q4 2024 Filing

Filed February 10, 2025

Portfolio Value

$8.0T

Holdings

349

Report Date

Q4 2024

Filing Type

13F-HR

All Holdings (349 positions)

#StockSharesValue% PortfolioType
1
TPLTEXAS PACIFIC LAND CORP
3,606,579$4.0T49.66%
2
GBTCGRAYSCALE BITCOIN
15,168,163$1.1T13.98%
3
LBLANDBRIDGE COMPANY LLC
5,399,275$348.8B4.34%
4
WPMWHEATON PRECIOUS METALS CORP
2,931,246$164.9B2.05%
5
CA8ACACI INTL INC
359,495$145.3B1.81%
6
BTCGRAYSCALE BITCOIN MINI TR ET
3,064,302$128.3B1.60%
7
ICEINTERCONTINENTAL EXCHANGE INC
804,581$119.9B1.49%
8
FNVFRANCO NEVADA CORP
988,033$116.2B1.45%
9
LNGCHENIERE ENERGY INC
489,305$105.1B1.31%
10
CBOECBOE GLOBAL MARKETS INC
414,474$81.0B1.01%
11
MSBMESABI TR
2,843,010$79.9B0.99%
12
VNOMUSDVIPER ENERGY INC
1,589,404$78.0B0.97%
13
BNBROOKFIELD CORP
1,218,597$70.0B0.87%
14
CVEOCIVEO CORP
3,064,019$69.6B0.87%
15
DBRGDIGITALBRIDGE GROUP INC
4,483,340$50.6B0.63%
16
ANAUTONATION INC
282,198$47.9B0.60%
17
MIGAMICROSTRATEGY INC
165,315$47.9B0.60%
18
IBITISHARES BITCOIN TRUST
864,272$45.8B0.57%
19
SAICSCIENCE APPLICATNS INTL CO
406,695$45.5B0.57%
20
PBTPERMIAN BASIN RTY TR
3,946,083$43.7B0.54%
21
LYVLIVE NATION ENTERTAINMENT INC
329,735$42.7B0.53%
22
HHHHOWARD HUGHES HOLDINGS INC
458,597$35.3B0.44%
23
CCOCAMECO CORP
616,951$31.7B0.39%
24
ACGPASSOCIATED CAP GROUP INC
917,630$31.4B0.39%
25
MRSHMARSH & MCLENNAN COS INC
144,628$30.7B0.38%
26
DMLPDORCHESTER MINERALS LP
908,646$30.3B0.38%
27
OREUROSISKO GOLD ROYALTIES LTD
1,659,922$30.0B0.37%
28
CMECME GROUP INC
125,853$29.2B0.36%
29
PAGPENSKE AUTOMOTIVE GRP INC
182,966$27.9B0.35%
30
ADMARCHER DANIELS MIDLAND CO
545,719$27.6B0.34%
31
CCLCARNIVAL CORP
1,084,131$27.0B0.34%
32
JOETHE SAINT JOE CO
564,202$25.3B0.32%
33
BGBUNGE GLOBAL SA
319,121$24.8B0.31%
34
WFGWEST FRASER TIMBER LTD
281,367$24.4B0.30%
35
HEHAWAIIAN ELEC INDUSTRIES
2,379,498$23.2B0.29%
36
AYS1SANDSTORM GOLD LTD
3,788,672$21.1B0.26%
37
BRK/BBERKSHIRE HATHAWAY INC DEL CL B NEW
43,600$19.8B0.25%
38
WTMWHITE MTNS INS GROUP LTD
10,089$19.6B0.24%
39
IPARINTER PARFUMS INC
147,120$19.3B0.24%
40
SB9SITIO ROYALTIES CORP
862,426$16.5B0.21%
41
TRCTEJON RANCH CO
851,294$13.5B0.17%
42
OSKOSHKOSH CORP
140,119$13.3B0.17%
43
RCLROYAL CARIBBEAN GROUP
57,153$13.2B0.16%
44
WENWENDYS COMPANY
782,621$12.8B0.16%
45
BAMBROOKFIELD ASSET MANAGMT LTD
234,360$12.7B0.16%
46
VGSHVANGUARD SCOTTSDALE FDS
215,098$12.5B0.16%
47
SPAQLISTED FD TR
125,435$12.3B0.15%
48
CRLCHARLES RIV LABS INTL INC
59,840$11.0B0.14%
49
MAMASTERCARD INC
19,291$10.2B0.13%
50
RBARB GLOBAL INC
110,630$10.0B0.12%
51
RGLDROYAL GOLD INC
74,792$9.9B0.12%
52
WMBWILLIAMS COS INC
172,890$9.4B0.12%
53
FWONALIBERTY MEDIA CORP DEL
99,173$9.2B0.11%
54
BKKTBAKKT HOLDINGS INC
367,927$9.1B0.11%
55
SPGIS&P GLOBAL INC
17,994$9.0B0.11%
56
VUSBVANGUARD BD INDEX FDS
170,200$8.4B0.11%
57
RPRXROYALTY PHARMA PLC
319,176$8.1B0.10%
58
SIISPROTT INC
192,466$8.1B0.10%
59
NDAQNASDAQ INC
103,246$8.0B0.10%
60
BCHGGRAYSCALE BITCOIN CASH
1,455,288$7.6B0.10%
61
EXPEAGLE MATERIALS
29,949$7.4B0.09%
62
SBRSABINE ROYALTY TR
109,921$7.1B0.09%
63
ELSEQUITY LIFESTYLE PPTYS INC
104,935$7.0B0.09%
64
SJTSAN JUAN BASIN RTY TR
1,814,214$6.9B0.09%
65
MSGSMADISON SQUARE GARDEN SPRT COR
30,261$6.8B0.09%
66
LTCNGRAYSCALE LITECOIN TRUST
516,894$6.6B0.08%
67
LBRDKLIBERTY BROADBAND CORP
87,086$6.5B0.08%
68
ETENERGY TRANSFER EQUITY L P
311,724$6.1B0.08%
69
XOMEXXON MOBIL CORP
54,429$5.9B0.07%
70
ARISUSDARIS WATER SOLUTIONS INC
229,308$5.5B0.07%
71
FCXFREEPORT MCMORAN INC
141,597$5.4B0.07%
72
MSFTMICROSOFT
12,773$5.4B0.07%
73
BXBLACKSTONE INC
30,200$5.2B0.06%
74
ABBVABBVIE INC
26,048$4.6B0.06%
75
4I1PHILIP MORRIS INTL INC
38,294$4.6B0.06%
76
TPHTRI POINTE HOMES INC
124,012$4.5B0.06%
77
LBRTLIBERTY ENERGY INC
224,849$4.5B0.06%
78
MRXMAREX GROUP PLC
141,374$4.4B0.05%
79
BURBURFORD CAP LTD
342,950$4.4B0.05%
80
MKLMARKEL GROUP INC
2,505$4.3B0.05%
81
CMRECOSTAMARE INC
321,600$4.1B0.05%
82
EPDENTERPRISE PRODS PARTNERS L
130,752$4.1B0.05%
83
BSMBLACK STONE MINERALS LP
275,638$4.0B0.05%
84
XNEAXNUVEEN AMT FREE QLTY MUN INC
343,633$3.9B0.05%
85
FWONALIBERTY MEDIA CORP DEL
44,818$3.8B0.05%
86
INFLLISTED FD TR
95,267$3.6B0.05%
87
LHXL3 HARRIS TECHNOLOGIES INC
16,455$3.5B0.04%
88
IRMIRON MTN INC DEL
32,900$3.5B0.04%
89
BMYBRISTOL MYERS SQUIBBCO
60,476$3.4B0.04%
90
BCDFLISTED FD TR
122,143$3.4B0.04%
91
CSCOCISCO SYSTEMS INC
56,641$3.4B0.04%
92
MRKMERCK & COMPANY
33,574$3.3B0.04%
93
MOALTRIA GROUP INC
63,197$3.3B0.04%
94
LLYELI LILLY AND COMPANY
4,257$3.3B0.04%
95
FNFFIDELITY NATIONAL FINANCIAL
58,066$3.3B0.04%
96
NVDANVIDIA CORP
24,160$3.2B0.04%
97
LVSLAS VEGAS SANDS CORP
60,395$3.1B0.04%
98
KLACKLA-TENCOR CORP
4,824$3.0B0.04%
99
NTRNUTRIEN LTD
67,026$3.0B0.04%
100
AMLPALPS ETF TR ALERIAN MLP
61,057$2.9B0.04%
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