Managers / Q1 2024 · view latest →
HORIZON KINETICS ASSET MANAGEMENT LLC
CIK 0001056823 · 470 PARK AVENUE SOUTH, 4TH FLOOR SOUTH, NEW YORK, NY, 10016 · 646-495-7347
Summary
Horizon Kinetics Asset Management LLC reported $5.3B in U.S.-listed holdings across 323 positions for Q1 2024.
The portfolio is heavily concentrated: TPL alone accounts for 41.3% of reported value.
Compared with Q4 2023, the fund opened 9 new positions and exited 11.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 74.3% · $3.9B
- ETP · 19.6% · $1.0B
- Royalty Trst · 1.9% · $99M
- Closed-End Fund · 1.3% · $68M
- Other · 1.2% · $63M
- Other · 1.7% · $92M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| IBITISHARES BITCOIN TRUST | NEW | +716.9K | 716.9K | +$29M | $29M |
| TRVCCITIGROUP INC | NEW | +6.5K | 6.5K | +$408,594 | $408,594 |
| PROSHARES TR | NEW | +23.9K | 23.9K | +$250,640 | $250,640 |
| PROSHARES TR | NEW | +4.1K | 4.1K | +$249,564 | $249,564 |
| NFLXNETFLIX COM INC | NEW | +395 | 395 | +$239,895 | $239,895 |
| PBVPRESTIGE CONSMR HEALTHCARE I | NEW | +3.1K | 3.1K | +$224,718 | $224,718 |
| DDOMINION ENERY INC | NEW | +4.5K | 4.5K | +$221,404 | $221,404 |
| AMZNAMAZON COM INC | NEW | +1.2K | 1.2K | +$215,914 | $215,914 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2024
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $9.2B | 353 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $7.4B | 324 | Feb 11, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $8.2B | 336 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $8.4B | 352 | Aug 12, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $8.8B | 347 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $8.0B | 349 | Feb 10, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $6.7B | 346 | Nov 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $5.7B | 324 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $5.3B | 323 | May 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $4.8B | 325 | Feb 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $5.0B | 331 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $4.6B | 334 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $5.2B | 334 | May 12, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $6.1B | 324 | Feb 9, 2023 | RESTATEMENT | changes · EDGAR ↗ |
| Q3 2022 | $5.0B | 329 | Nov 15, 2022 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.