HORIZON KINETICS ASSET MANAGEMENT LLC logo

HORIZON KINETICS ASSET MANAGEMENT LLC Portfolio Analytics

Investment Analysis & Holdings Breakdown

Comprehensive portfolio analytics for HORIZON KINETICS ASSET MANAGEMENT LLC with $8.1B in long positions as of Q3 2025, 46% allocated to Energy, and 75% concentrated in top 10 positions.

Portfolio Value
$8.1B
Top 10 Concentration
75%
Top Sector
Energy (46%)
US Exposure
89%
Market Cap Focus
Large Cap
Countries
9

Composition Analysis

Portfolio breakdown by sector, industry, and market capitalization

Sector Allocation

Energy: 45.80%EnergyBasic Materials: 9.40%Basic MaterialsFinancial Services: 7.10%Financial ServicesUtilities: 2.60%Technology: 2.00%Industrials: 1.90%Consumer Cyclical: 1.80%Real Estate: 1.20%ETF: 1.20%Communication Services: 0.80%Consumer Defensive: 0.70%Healthcare: 0.50%
Energy
45.80%
Basic Materials
9.40%
Financial Services
7.10%
Utilities
2.60%
Technology
2.00%
Industrials
1.90%
Consumer Cyclical
1.80%
Real Estate
1.20%
ETF
1.20%
Communication Services
0.80%
Consumer Defensive
0.70%
Healthcare
0.50%

Industry Breakdown

84 industries across all sectors

Oil & Gas Exploration & Production: 41.05%Oil & Gas Exploration & ProductionGold: 7.86%Financial - Data & Stock Exchanges: 3.99%Oil & Gas Midstream: 3.80%Diversified Utilities: 2.47%Asset Management: 1.47%ETF: 1.21%Information Technology Services: 1.12%Auto - Dealerships: 1.09%Steel: 1.08%Specialty Business Services: 0.91%Uranium: 0.70%Entertainment: 0.69%Real Estate - Diversified: 0.65%Software - Application: 0.55%REIT - Diversified: 0.49%Conglomerates: 0.41%Agricultural Farm Products: 0.40%Insurance - Brokers: 0.40%Financial - Capital Markets: 0.36%Leisure: 0.34%Insurance - Property & Casualty: 0.33%Insurance - Diversified: 0.26%Paper, Lumber & Forest Products: 0.25%Drug Manufacturers - General: 0.23%Agricultural - Machinery: 0.22%Travel Services: 0.21%Biotechnology: 0.21%Software - Infrastructure: 0.18%Household & Personal Products: 0.17%Financial - Credit Services: 0.16%Oil & Gas Integrated: 0.12%Aerospace & Defense: 0.10%Semiconductors: 0.10%Regulated Water: 0.08%Tobacco: 0.07%Restaurants: 0.06%Consulting Services: 0.06%Banks - Diversified: 0.06%Industrial - Machinery: 0.06%Construction Materials: 0.05%Oil & Gas Equipment & Services: 0.05%Coal: 0.05%REIT - Specialty: 0.05%Copper: 0.05%Medical - Diagnostics & Research: 0.05%Marine Shipping: 0.05%Residential Construction: 0.04%Medical - Devices: 0.04%Other Precious Metals: 0.04%Packaged Foods: 0.04%Agricultural Inputs: 0.04%Telecommunications Services: 0.03%Communication Equipment: 0.03%Insurance - Specialty: 0.03%Security & Protection Services: 0.03%Packaging & Containers: 0.03%REIT - Residential: 0.03%Gambling, Resorts & Casinos: 0.03%Internet Content & Information: 0.02%Consumer Electronics: 0.02%Electrical Equipment & Parts: 0.02%Oil & Gas Drilling: 0.02%Regulated Electric: 0.02%Railroads: 0.02%Specialty Retail: 0.02%Renewable Utilities: 0.01%Oil & Gas Refining & Marketing: 0.01%Rental & Leasing Services: 0.01%Chemicals: 0.01%Chemicals - Specialty: 0.01%Medical - Healthcare Plans: 0.01%Beverages - Wineries & Distilleries: 0.01%Food Confectioners: 0.01%Auto - Parts: 0.01%Staffing & Employment Services: 0.01%Auto - Manufacturers: 0.01%Industrial - Pollution & Treatment Controls: 0.01%Insurance - Life: 0.00%Beverages - Non-Alcoholic: 0.00%Home Improvement: 0.00%Luxury Goods: 0.00%Medical - Healthcare Information Services: 0.00%REIT - Mortgage: 0.00%
Oil & Gas Exploration & Production
Energy
41.05%
Gold
Basic Materials
7.86%
Financial - Data & Stock Exchanges
Financial Services
3.99%
Oil & Gas Midstream
Energy
3.80%
Diversified Utilities
Utilities
2.47%
Asset Management
Financial Services
1.47%
ETF
ETF
1.21%
Information Technology Services
Technology
1.12%
Auto - Dealerships
Consumer Cyclical
1.09%
Steel
Basic Materials
1.08%
Specialty Business Services
Industrials
0.91%
Uranium
Energy
0.70%

Filter by Sector

Select a sector to filter industries

Market Cap Distribution

Mega Cap (> $200B): 1.06%Large Cap ($10B - $200B): 59.40%Large Cap ($10B - $200B)Mid Cap ($2B - $10B): 6.48%Small Cap ($300M - $2B): 11.83%Small Cap ($300M - $2B)Micro Cap ($50M - $300M): 1.26%Nano Cap (< $50M): 0.68%N/A (ETF or Unknown): 19.29%N/A (ETF or Unknown)
Mega Cap (> $200B)
1.06%
Large Cap ($10B - $200B)
59.40%
Mid Cap ($2B - $10B)
6.48%
Small Cap ($300M - $2B)
11.83%
Micro Cap ($50M - $300M)
1.26%
Nano Cap (< $50M)
0.68%
N/A (ETF or Unknown)
19.29%

Portfolio Concentration

Top 10 Holdings %
75.49%
Top 20 Holdings %
85.16%
Top 50 Holdings %
95.08%
Top 100 Holdings %
97.86%

Geographic Exposure

Portfolio breakdown by country of incorporation

Domestic (US)
89.44%
International
10.56%
Countries
9
Largest Int'l Market
Canada - 10.20%
United States of America
89.44% ($7.3B)
302 holdings
Canada
10.20% ($830.8M)
16 holdings
Bermuda
0.27% ($21.9M)
1 holdings
Monaco
0.03% ($2.7M)
1 holdings
Guernsey
0.02% ($1.6M)
1 holdings
Ireland
0.01% ($989.3K)
2 holdings
Greece
0.01% ($965.3K)
1 holdings
Switzerland
0.01% ($692.3K)
1 holdings
United Kingdom
0.01% ($665.0K)
1 holdings

Holding Behavior

Investment patterns and position management analysis

Portfolio Stability & Commitment

Avg. Top 10
15.3 quarters
Avg. Top 20
19.7 quarters
Avg. All Positions
16 quarters
Median Holding Period
15 quarters
Persistence Rate
89.57%
Persistent Holdings Weight
94.09%
Persistent Positions
292
Longest Held
SPDR S&P 500 ETF Trust logo
SPDR S&P 500 ETF TrustSPY - 26 quarters

Position Sizing & Influence

Current Quarter

Avg. New Position
0.45%
Avg. Position Weight
0.31%
Largest Position
Texas Pacific Land Corporation logo
Texas Pacific Land CorporationTPL - 40.18%
Largest Ownership Stake
Mesabi Trust logo
Mesabi TrustMSB - 22.86%
Avg. Ownership Stake
8.39%
Ownership Stake >5%
9
Ownership Stake >1%
16

Historical (Since Q1 2019)

Avg. New Position
0.20%
Avg. Ownership Stake
10.28%
Largest Position
Texas Pacific Land Corporation logo
Texas Pacific Land CorporationTPL - 61.28% (Q1 2021)
Largest Ownership Stake
Civeo Corporation logo
Civeo CorporationCVEO - 100.00% (Q4 2019)

Portfolio Turnover

Current Quarter

Turnover Ratio
4.7%
Value Traded
$385.45M
Positions Added
6
Positions Exited
25

Historical (Since Q1 2019)

Avg. Turnover Ratio
5.0%
Avg. Positions Added
28
Avg. Positions Exited
20
Highest Turnover
50.0%
Q1 2019
Lowest Turnover
1.1%
Q3 2021

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