Horizon Kinetics Asset Management LLC 13F holdings
Horizon Kinetics Asset Management LLC reported 314 positions with a total reported value of $8.8B as of 2026-06-30, in its 13F for Q2 2026, filed 2026-08-11. Top holdings by reported value: TPL TEXAS PACIFIC LAND CORPORATI (48.6%), GBTC GRAYSCALE BITCOIN TRUST ETF (6.3%), LB LANDBRIDGE COMPANY LLC (5.2%), HAWAIIAN ELEC INDS INC MTN B (3.4%), MIAMI INTL HLDGS INC (3.3%). Against 2026-03-31 it opened 14 new positions and exited 17. Next 13F due by 2026-11-14, the legal deadline 45 days after the quarter ending 2026-09-30.
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Top holdings
25 largest of 314 positions · reported value as of 2026-06-30
| Holding | Shares | Reported value | % of portfolio |
|---|---|---|---|
| TPL TEXAS PACIFIC LAND CORPORATI | 9,802,899 | $4.3B | 48.6% |
| GBTC GRAYSCALE BITCOIN TRUST ETF | 12,139,990 | $552.6M | 6.3% |
| LB LANDBRIDGE COMPANY LLC | 5,821,263 | $461.3M | 5.2% |
| HAWAIIAN ELEC INDS INC MTN B | 22,395,397 | $303.0M | 3.4% |
| MIAMI INTL HLDGS INC | 7,842,173 | $291.4M | 3.3% |
| WBI WATERBRIDGE INFRASTRUCTURE L | 7,650,237 | $262.2M | 3.0% |
| WPM WHEATON PRECIOUS METALS CORP | 1,686,903 | $189.5M | 2.1% |
| PBT PERMIAN BASIN RTY TR | 6,729,289 | $168.5M | 1.9% |
| FNV FRANCO NEV CORP | 773,418 | $161.2M | 1.8% |
| BTC GRAYSCALE BITCOIN MINI TR ET | 6,067,993 | $157.5M | 1.8% |
| ICE INTERCONTINENTAL EXCHANGE IN | 984,701 | $121.2M | 1.4% |
| CBOE CBOE GLOBAL MKTS INC | 414,634 | $100.6M | 1.1% |
| LNG CHENIERE ENERGY INC | 402,040 | $96.1M | 1.1% |
| MSB MESABI TR | 3,219,382 | $81.5M | 0.9% |
| CVEO CIVEO CORP CDA | 2,290,991 | $80.2M | 0.9% |
| CACI INTL INC | 153,743 | $71.2M | 0.8% |
| CCJ CAMECO CORP | 697,741 | $71.1M | 0.8% |
| VNOM VIPER ENERGY INC | 1,652,125 | $70.1M | 0.8% |
| BN BROOKFIELD CORP | 1,587,339 | $67.6M | 0.8% |
| CME CME GROUP INC | 283,774 | $62.7M | 0.7% |
| OR OR ROYALTIES INC. | 1,915,799 | $60.6M | 0.7% |
| WHK WHITEHAWK MINERALS CORP | 1,552,705 | $43.2M | 0.5% |
| AN AUTONATION INC | 212,917 | $39.6M | 0.4% |
| TRC TEJON RANCH CO | 2,011,689 | $37.6M | 0.4% |
| JOE ST JOE CO | 592,608 | $37.1M | 0.4% |
SEC FORM 13F · Q2 2026 · VALUES AS REPORTED, NOT PRICES
New positions this quarter
Held at 2026-06-30, not at 2026-03-31 · 14 in all · reported value as of 2026-06-30
| Holding | Shares | Reported value | % of portfolio |
|---|---|---|---|
| WHK WHITEHAWK MINERALS CORP | 1,552,705 | $43.2M | 0.5% |
| EROK EAGLEROCK LD LLC | 1,684,213 | $35.8M | 0.4% |
| CTRI CENTURI HOLDINGS INC | 96,043 | $2.9M | <0.1% |
| AMRZ AMRIZE LTD | 34,573 | $1.8M | <0.1% |
| RDW REDWIRE CORPORATION | 84,100 | $1.0M | <0.1% |
| KMB KIMBERLY-CLARK CORP | 7,636 | $838.2K | <0.1% |
| HONA HONEYWELL AEROSPACE INC | 3,286 | $726.5K | <0.1% |
| UPS UNITED PARCEL SVCS INC | 4,460 | $479.4K | <0.1% |
| ENB ENBRIDGE INC | 4,777 | $259.0K | <0.1% |
| DORMAN PRODS INC | 1,800 | $245.6K | <0.1% |
| WTTR SELECT WATER SOLUTIONS INC | 10,000 | $199.8K | <0.1% |
| KEEL KEEL INFRASTRUCTURE CORP | 18,300 | $105.0K | <0.1% |
| ABERDEEN MUN INCOME FD | 17,412 | $97.9K | <0.1% |
| ALPS ETF TR | 465 | $17.7K | <0.1% |
Sold out
Held at 2026-03-31, gone by 2026-06-30 · 17 in all · reported value as of 2026-03-31
| Holding | Shares 2026-03-31 | Reported value | % of portfolio then |
|---|---|---|---|
| EA SERIES TRUST | 47,475 | $5.5M | <0.1% |
| CONSENSUS MINING & SEIGNIORAGE CORP COM | 164,593 | $4.3M | <0.1% |
| TRI POINTE HOMES INC | 85,966 | $4.0M | <0.1% |
| PTEN PATTERSON-UTI ENERGY INC | 258,608 | $2.8M | <0.1% |
| SEALED AIR CORP NEW | 33,250 | $1.4M | <0.1% |
| PROSHARES TR | 18,228 | $999.6K | <0.1% |
| AMER STATES WTR CO | 4,374 | $330.8K | <0.1% |
| T AT&T INC | 9,090 | $263.5K | <0.1% |
| LBRDK LIBERTY BROADBAND CORP | 4,986 | $250.7K | <0.1% |
| NOC NORTHROP GRUMMAN CORP | 360 | $245.6K | <0.1% |
| NFLX NETFLIX INC. | 2,410 | $231.7K | <0.1% |
| DOW DOW HLDGS INC | 5,481 | $228.3K | <0.1% |
| AMERICAN WTR WKS CO INC NEW | 1,671 | $227.4K | <0.1% |
| COST COSTCO WHOLESALE CORPORATION | 208 | $207.3K | <0.1% |
| GEHC GE HEALTHCARE TECHNOLOGIES I | 2,911 | $207.2K | <0.1% |
| MFS HIGH INCOME MUN TR | 21,525 | $79.9K | <0.1% |
| BITFARMS LTD | 18,300 | $35.7K | <0.1% |
Biggest increases and decreases
Positions held at both quarter ends, by change in shares · reported value as of 2026-06-30
Increases
| Holding | Shares 2026-03-31 | Shares 2026-06-30 | Change | Reported value |
|---|---|---|---|---|
| MIAMI INTL HLDGS INC | 3,451,549 | 7,842,173 | +127.2% | $291.4M |
| BTC GRAYSCALE BITCOIN MINI TR ET | 3,004,416 | 6,067,993 | +102.0% | $157.5M |
| ICE INTERCONTINENTAL EXCHANGE IN | 838,899 | 984,701 | +17.4% | $121.2M |
| LB LANDBRIDGE COMPANY LLC | 5,657,134 | 5,821,263 | +2.9% | $461.3M |
| WBI WATERBRIDGE INFRASTRUCTURE L | 7,342,147 | 7,650,237 | +4.2% | $262.2M |
| HAWAIIAN ELEC INDS INC MTN B | 21,635,294 | 22,395,397 | +3.5% | $303.0M |
| TRADEWEB MKTS INC | 5,283 | 97,740 | +1,750.1% | $9.7M |
| PBT PERMIAN BASIN RTY TR | 6,379,692 | 6,729,289 | +5.5% | $168.5M |
| VANGUARD BD INDEX FDS | 344,055 | 466,109 | +35.5% | $23.3M |
| KLAC KLA CORP | 2,158 | 19,855 | +820.1% | $6.0M |
| OR OR ROYALTIES INC. | 1,754,144 | 1,915,799 | +9.2% | $60.6M |
| CCJ CAMECO CORP | 651,825 | 697,741 | +7.0% | $71.1M |
Decreases
| Holding | Shares 2026-03-31 | Shares 2026-06-30 | Change | Reported value |
|---|---|---|---|---|
| TPL TEXAS PACIFIC LAND CORPORATI | 10,015,379 | 9,802,899 | -2.1% | $4.3B |
| GBTC GRAYSCALE BITCOIN TRUST ETF | 14,004,882 | 12,139,990 | -13.3% | $552.6M |
| CCL CARNIVAL CORP LTD | 957,653 | 428,340 | -55.3% | $12.2M |
| DBRHP DIGITALBRIDGE GROUP INC | 939,380 | 12,351 | -98.7% | $194.9K |
| LYV LIVE NATION ENTERTAINMENT IN | 157,169 | 100,989 | -35.7% | $18.5M |
| HHH HOWARD HUGHES HOLDINGS INC | 196,410 | 55,500 | -71.7% | $4.0M |
| WPM WHEATON PRECIOUS METALS CORP | 1,761,519 | 1,686,903 | -4.2% | $189.5M |
| BG BUNGE GLOBAL SA | 336,944 | 284,079 | -15.7% | $30.3M |
| LNG CHENIERE ENERGY INC | 420,328 | 402,040 | -4.4% | $96.1M |
| OSK OSHKOSH CORP | 115,789 | 88,816 | -23.3% | $13.6M |
| RCL ROYAL CARIBBEAN GROUP | 51,698 | 39,414 | -23.8% | $12.5M |
| ADM ARCHER DANIELS MIDLAND CO | 59,312 | 28,642 | -51.7% | $2.2M |
CIK 1056823 · 13F FILINGS ON EDGAR · INFORMATIONAL ONLY
