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HORIZON KINETICS ASSET MANAGEMENT LLC — 13F Holdings & Portfolio

CIK 1056823 · latest 13F-HR filed 2026-08-11

Backtest portfolio

HORIZON KINETICS ASSET MANAGEMENT LLC manages $8.82B in 13F-reported U.S. long-equity assets across 351 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are TPL (48.64%), GBTC (6.27%), LB (5.23%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 20 new positions, exited 21, added to 125, and trimmed 127.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Filer Information
Address
1270 AVENUE OF THE AMERICAS
27TH FLOOR
NEW YORK, NY 10020
Phone
(646) 495-7347
Filing Manager
HORIZON KINETICS ASSET MANAGEMENT LLC
NEW YORK, NY
Signatory
Jay Kesslen
General Counsel
Loading holdings…
AUM

$8.82B

Long-equity book

Holdings

351

Distinct positions

Period

2026-06-30

Filed 2026-08-11

Q/Q Activity

+20 / −21 / ↑125 / ↓127

vs 2026-03-31

Firm Profile & Key People
Name Title / Status Ownership Type

Top Adds (vs prior quarter)

  • MIAMI INTL HLDGS INC$157.1M +116.9%
  • LANDBRIDGE COMPANY LLC$70.7M +18.1%
  • GRAYSCALE BITCOIN MINI TR ET$67.4M +74.8%
  • WATERBRIDGE INFRASTRUCTURE L$65.5M +33.3%
  • PERMIAN BASIN RTY TR$31.2M +22.7%
Show all 125 →

Top Trims

  • TEXAS PACIFIC LAND CORPORATI-$462.8M -9.7%
  • GRAYSCALE BITCOIN TRUST ETF-$186.3M -25.2%
  • WHEATON PRECIOUS METALS CORP-$41.3M -17.9%
  • FRANCO NEV CORP-$25.9M -13.8%
  • CHENIERE ENERGY INC-$23.2M -19.4%
Show all 127 →

New Positions

  • WHITEHAWK MINERALS CORP$43.2M
  • EAGLEROCK LD LLC$35.8M
  • CARNIVAL CORP LTD$12.2M
  • CENTURI HOLDINGS INC$2.9M
  • AMRIZE LTD$1.8M
Show all 20 →

Exited Positions

  • CARNIVAL CORP$24.8M
  • EA SERIES TRUST$5.5M
  • CONSENSUS MINING & SEIGNIORAGE CORP COM$4.3M
  • TRI POINTE HOMES INC$4.0M
  • PATTERSON-UTI ENERGY INC$2.8M
Show all 21 →
All Holdings

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 TEXAS PACIFIC LAND CORPORATI TPL 88262P102 $4.29B 48.64% 9,802,899 SH
2 GRAYSCALE BITCOIN TRUST ETF GBTC 389637109 $552.6M 6.27% 12,139,990 SH
3 LANDBRIDGE COMPANY LLC LB 514952100 $461.3M 5.23% 5,821,263 SH
4 HAWAIIAN ELEC INDS INC MTN B HE 419870100 $303.0M 3.44% 22,395,397 SH
5 MIAMI INTL HLDGS INC MIAX 59356Q108 $291.4M 3.30% 7,842,173 SH
6 WATERBRIDGE INFRASTRUCTURE L WBI 940923105 $262.2M 2.97% 7,650,237 SH
7 WHEATON PRECIOUS METALS CORP WPM 962879102 $189.5M 2.15% 1,686,903 SH
8 PERMIAN BASIN RTY TR PBT 714236106 $168.5M 1.91% 6,729,289 SH
9 FRANCO NEV CORP FNV 351858105 $161.2M 1.83% 773,418 SH
10 GRAYSCALE BITCOIN MINI TR ET BTC 389930207 $157.5M 1.79% 6,067,993 SH
11 INTERCONTINENTAL EXCHANGE IN ICE 45866F104 $121.2M 1.37% 984,701 SH
12 CBOE GLOBAL MKTS INC CBOE 12503M108 $100.6M 1.14% 414,634 SH
13 CHENIERE ENERGY INC LNG 16411R208 $96.1M 1.09% 402,040 SH
14 MESABI TR MSB 590672101 $81.5M 0.92% 3,219,382 SH
15 CIVEO CORP CDA CVEO 17878Y207 $80.2M 0.91% 2,290,991 SH
16 CACI INTL INC CACI 127190304 $71.2M 0.81% 153,743 SH
17 CAMECO CORP CCJ 13321L108 $71.1M 0.81% 697,741 SH
18 VIPER ENERGY INC VNOM 64361Q101 $70.1M 0.79% 1,652,125 SH
19 BROOKFIELD CORP BN 11271J107 $67.6M 0.77% 1,587,339 SH
20 CME GROUP INC CME 12572Q105 $62.7M 0.71% 283,774 SH
21 OR ROYALTIES INC. OR 68390D106 $60.6M 0.69% 1,915,799 SH
22 WHITEHAWK MINERALS CORP WHK 96524T101 $43.2M 0.49% 1,552,705 SH
23 AUTONATION INC AN 05329W102 $39.6M 0.45% 212,917 SH
24 TEJON RANCH CO TRC 879080109 $37.6M 0.43% 2,011,689 SH
25 ST JOE CO JOE 790148100 $37.1M 0.42% 592,608 SH
26 EAGLEROCK LD LLC EROK 27005A105 $35.8M 0.41% 1,684,213 SH
27 HORIZON KINETICS HLDG CORP COM HKHC 439913104 $35.5M 0.40% 1,075,416 SH
28 GALAXY DIGITAL INC. GLXY 36317J209 $33.8M 0.38% 1,236,051 SH
29 BUNGE GLOBAL SA BG H11356104 $30.3M 0.34% 284,079 SH
30 ISHARES BITCOIN TRUST ETF IBIT 46438F101 $27.9M 0.32% 837,308 SH
31 SPROTT INC SII 852066208 $26.1M 0.30% 232,217 SH
32 WHITE MTNS INS GROUP LTD WTM G9618E107 $25.3M 0.29% 12,206 SH
33 PENSKE AUTOMOTIVE GRP INC PAG 70959W103 $24.9M 0.28% 139,067 SH
34 RB GLOBAL INC RBA 74935Q107 $24.6M 0.28% 211,349 SH
35 SAN JUAN BASIN RTY TR SJT 798241105 $24.1M 0.27% 7,494,020 SH
36 MARSH & MCLENNAN COS INC MRSH 571748102 $23.3M 0.26% 139,983 SH
37 VANGUARD BD INDEX FDS VUSB 92203C303 $23.0M 0.26% 461,108 SH
38 DORCHESTER MINERALS L P DMLP 25820R105 $21.5M 0.24% 852,651 SH
39 ROYALTY PHARMA PLC RPRX G7709Q104 $19.3M 0.22% 344,861 SH
40 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $18.6M 0.21% 37,231 SH
41 LIVE NATION ENTERTAINMENT IN LYV 538034109 $18.5M 0.21% 100,989 SH
42 TRIPLE FLAG PRECIOUS METAL TFPM 89679M104 $15.2M 0.17% 506,677 SH
43 INTERPARFUMS INC IPAR 458334109 $14.6M 0.17% 130,333 SH
44 OSHKOSH CORP OSK 688239201 $13.6M 0.15% 88,816 SH
45 ROYAL CARIBBEAN GROUP RCL V7780T103 $12.5M 0.14% 39,414 SH
46 CARNIVAL CORP LTD CCL G2004J103 $12.2M 0.14% 428,340 SH
47 STRATEGY INC MSTR 594972408 $11.3M 0.13% 129,774 SH
48 TRADEWEB MKTS INC TW 892672106 $9.7M 0.11% 97,740 SH
49 WILLIAMS COS INC WMB 969457100 $9.6M 0.11% 128,678 SH
50 MADISON SQUARE GRDN SPRT COR MSGS 55825T103 $9.3M 0.11% 23,221 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-11 $8.82B 351 0001398344-26-014047
2026-03-31 2026-05-15 $9.23B 353 0001398344-26-009239
2025-12-31 2026-02-11 $7.39B 324 0001056823-26-000007
2025-09-30 2025-11-14 $8.20B 336 0001056823-25-000029