Arkolith/Funds/Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC

CIK 1056823
Holdings as of Jun 30, 2026·disclosed Aug 11, 2026·~42-day 13F lag·13F-HR
Active Filer

Horizon Kinetics Asset Management LLC holds a concentrated book of 350 stocks worth $8.8B as of Q2 2026 (disclosed Aug 11, 2026, a ~42-day 13F lag). This quarter they opened Whitehawk Minerals Corp and trimmed Texas Pacific Land Corp. Their largest long position is Texas Pacific Land Corp at 49% of the equity book. They also disclosed $4K in call options (bullish), shown separately below and excluded from the equity book.

Opened
33
bought for the first time
Added to
66
already held, bought more
Trimmed
164
sold some, still holds it
Sold out
21
exited the position entirely

Concentration

Top-heavy: concentrated book

Top 5 holdings
67%
Top 10 holdings
78%
Top 20 holdings
87%

Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.

Direct sector allocation

98% mapped to company sectors

Financials
76%
Materials
6%
Utilities
5%
Energy
4%
Consumer Discretionary
2%
Real Estate
2%
ETF / fund or unclassified
2%
Information Technology
1%

Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.

Biggest moves: latest quarter

Estimated $ traded · quarter-end prices, no cost basis

Bought
Trimmed / exited

Funds with the most overlap

Other tracked managers holding the same core names as Horizon Kinetics Asset Management LLC

Manager / fundShared namesTheir $ in those
OSAIC HOLDINGS, INC.75 / 80$2.4B
MORGAN STANLEY74 / 80$99.9B
Advisory Services Network, LLC74 / 80$421.2M
ROYAL BANK OF CANADA73 / 80$34.8B
UBS Group AG73 / 80$27.9B
WELLS FARGO & COMPANY/MN73 / 80$22.9B
JPMORGAN CHASE & CO72 / 80$89.3B
BANK OF AMERICA CORP /DE/72 / 80$62.6B

Ranked by how many of Horizon Kinetics Asset Management LLC's top 80 disclosed names each fund also holds: a cross-fund conviction signal from the latest 13F of every tracked manager.

Holdings: largest first

Bars show each stock's share of the portfolio. Click a row for its position history.

350 positions
#SecurityValueShares% PortLast moveHistory
1Texas Pacific Land Corporati
COM
$4.3B9.80M
48.6%
−2.1%
Reduced · −212K sh
2Grayscale Bitcoin Trust ETF
SHS REP COM UT
$552.6M12.14M
6.3%
−13%
Reduced · −1.9M sh
3Landbridge Company LLC
CL A
$461.3M5.82M
5.2%
+2.9%
Added · +164K sh
4Hawaiian Elec Inds Inc MTN B
COM
$303.0M22.40M
3.4%
+3.5%
Added · +760K sh
5Miami Intl Hldgs Inc
COM
$291.4M7.84M
3.3%
+127%
Added · +4.4M sh
6Waterbridge Infrastructure L
CL A SHS REPSTG
$262.2M7.65M
3.0%
+4.2%
Added · +308K sh
7Wheaton Precious Metals Corp
COM
$189.5M1.69M
2.1%
−4.2%
Reduced · −75K sh
8Permian Basin Rty TR
UNIT BEN INT
$168.5M6.73M
1.9%
+5.5%
Added · +350K sh
9Franco Nev Corp
COM
$161.2M773.4K
1.8%
+2.1%
Added · +16K sh
10Grayscale Bitcoin Mini TR Et
SHS NEW
$157.5M6.07M
1.8%
+102%
Added · +3.1M sh
11Intercontinental Exchange In
COM
$121.2M984.7K
1.4%
+17%
Added · +146K sh
12Cboe Global MKTS Inc
COM
$100.6M414.6K
1.1%
+1.1%
Added · +5K sh
13Cheniere Energy Inc
COM NEW
$96.1M402.0K
1.1%
−4.3%
Reduced · −18K sh
14Mesabi TR
CTF BEN INT
$81.5M3.22M
0.9%
+2.5%
Added · +78K sh
15Civeo Corp Cda
COM NEW
$80.2M2.29M
0.9%
−2.6%
Reduced · −61K sh
16Caci Intl Inc
CL A
$71.2M153.7K
0.8%
−0.6%
Reduced · −905 sh
17Cameco Corp
COM
$71.1M697.7K
0.8%
+7.0%
Added · +46K sh
18Viper Energy Inc
CL A
$70.1M1.65M
0.8%
−0.6%
Reduced · −11K sh
19Brookfield Corp
CL A LTD VT SH
$67.6M1.59M
0.8%
+1.0%
Added · +15K sh
20Cme Group Inc
COM
$62.7M283.8K
0.7%
+5.0%
Added · +14K sh
21Or Royalties Inc.
COM SHS
$60.6M1.92M
0.7%
+9.2%
Added · +162K sh
22Whitehawk Minerals Corp
CL A
$43.2M1.55M
0.5%
New
New position
23Autonation Inc
COM
$39.6M212.9K
0.4%
−5.4%
Reduced · −12K sh
24Tejon Ranch Co
COM
$37.6M2.01M
0.4%
+5.7%
Added · +109K sh
25ST Joe Co
COM
$37.1M592.6K
0.4%
+9.2%
Added · +50K sh
26Eaglerock LD LLC
CL A SHS REP LTD
$35.8M1.68M
0.4%
New
New position
27Horizon Kinetics Hldg Corp Com
HKHC
$35.5M1.08M
0.4%
Held
28Galaxy Digital Inc.
CL A
$33.8M1.24M
0.4%
−1.2%
Reduced · −15K sh
29Bunge Global Sa
COM SHS
$30.3M284.1K
0.3%
−16%
Reduced · −53K sh
30Ishares Bitcoin Trust ETF
SHS BEN INT
$27.9M837.3K
0.3%
+5.5%
Added · +44K sh
31Sprott Inc
COM NEW
$26.1M232.2K
0.3%
+12%
Added · +25K sh
32White MTNS Ins Group Ltd
COM
$25.3M12.2K
0.3%
−6.9%
Reduced · −906 sh
33Penske Automotive Grp Inc
COM
$24.9M139.1K
0.3%
−2.4%
Reduced · −3K sh
34RB Global Inc
COM
$24.6M211.3K
0.3%
+13%
Added · +25K sh
35San Juan Basin Rty TR
UNIT BEN INT
$24.1M7.49M
0.3%
+7.4%
Added · +515K sh
36Marsh & McLennan Cos Inc
COM
$23.3M140.0K
0.3%
−7.5%
Reduced · −11K sh
37Vanguard BD Index FDS
VANGUARD ULTRA
$23.0M461.1K
0.3%
+36%
Added · +122K sh
38Dorchester Minerals L P
COM UNIT
$21.5M852.7K
0.2%
−0.9%
Reduced · −8K sh
39Royalty Pharma PLC
SHS CLASS A
$19.3M344.9K
0.2%
+1.2%
Added · +4K sh
40Berkshire Hathaway Inc Del
CL B NEW
$18.6M37.2K
0.2%
−2.1%
Reduced · −802 sh
41Live Nation Entertainment In
COM
$18.5M101.0K
0.2%
−36%
Reduced · −56K sh
42Triple Flag Precious Metal
COM
$15.2M506.7K
0.2%
+23%
Added · +93K sh
43Interparfums Inc
COM
$14.6M130.3K
0.2%
−5.8%
Reduced · −8K sh
44Oshkosh Corp
COM
$13.6M88.8K
0.2%
−23%
Reduced · −27K sh
45Royal Caribbean Group
COM
$12.5M39.4K
0.1%
−24%
Reduced · −12K sh
46Carnival Corp Ltd
COMMON SHARES
$12.2M428.3K
0.1%
New
New position
47Strategy Inc
CL A NEW
$11.3M129.8K
0.1%
−6.8%
Reduced · −9K sh
48Tradeweb MKTS Inc
CL A
$9.7M97.7K
0.1%
19×
Added · +92K sh
49Williams Cos Inc
COM
$9.6M128.7K
0.1%
−7.0%
Reduced · −10K sh
50Madison Square GRDN SPRT Cor
CL A
$9.3M23.2K
0.1%
−0.5%
Reduced · −126 sh
Showing 50 of 350 positions
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Largest options & derivatives disclosed

Put / call positions from the 13F — totals include every disclosed option leg

Call notional (bullish)$4K
TypeUnderlyingNotional valueUnderlying shares
CALL · bullishIPATH SERIES B S&P$4K19K

13F filers disclose option positions at the market value of the underlying the contracts reference, not the premium paid. A put is a bearish bet (it gains if the stock falls); a call is bullish. “Underlying shares” is the share count the contracts control, not a share holding. These legs are excluded from the equity book, weighting, concentration and sector figures above.

Filing history

As-of date vs the date the SEC received each filing

QuarterAs ofFiledPositionsValueForm
Q2 2026Jun 30, 2026Aug 11, 2026351$8.8B13F-HR
Q1 2026Mar 31, 2026May 15, 2026353$9.2B13F-HR
Q4 2025Dec 31, 2025Feb 11, 2026324$7.4B13F-HR
Q3 2025Sep 30, 2025Nov 14, 2025336$8.2B13F-HR
Q2 2025Jun 30, 2025Aug 12, 2025352$8.4B13F-HR
Q1 2025Mar 31, 2025May 15, 2025347$8.8B13F-HR
Q4 2024Dec 31, 2024Feb 10, 2025349$8.0B13F-HR
Q3 2024Sep 30, 2024Nov 13, 2024346$6.7B13F-HR
Q2 2024Jun 30, 2024Aug 14, 2024324$5.7B13F-HR
Q1 2024Mar 31, 2024May 14, 2024323$5.3B13F-HR
Q4 2023Dec 31, 2023Feb 15, 2024325$4.8B13F-HR
Q3 2023Sep 30, 2023Nov 14, 2023331$5.0B13F-HR
Q2 2023Jun 30, 2023Aug 14, 2023334$4.6B13F-HR
Q1 2023Mar 31, 2023May 12, 2023334$5.2B13F-HR
Q4 2022Dec 31, 2022Feb 9, 2023324$6.1B13F-HR/A
Q3 2022Sep 30, 2022Nov 15, 2022329$5.0B13F-HR
Q2 2022Jun 30, 2022Aug 5, 2022336$4.8B13F-HR
Q1 2022Mar 31, 2022May 13, 2022345$5.0B13F-HR
Q4 2021Dec 31, 2021Feb 15, 2022349$4.5B13F-HR
Q3 2021Sep 30, 2021Nov 15, 2021338$4.3B13F-HR
Q2 2021Jun 30, 2021Aug 16, 2021345$4.9B13F-HR
Q1 2021Mar 31, 2021May 11, 2021340$4.4B13F-HR
Q4 2020Dec 31, 2020Feb 16, 2021347$3.0B13F-HR
Amended / restated
  • Q4 2022 · filed Feb 7, 202313F-HR · superseded

Data source

Holdings from SEC EDGAR 13F-HR filings, updated quarterly, filed up to 45 days after quarter-end. Public domain. The book and weighting are long equity only; disclosed put/call options are listed separately and excluded from those totals. Price-derived performance is withheld until the price-source policy and freshness gate are green.