2026 Q1 Portfolio Activity
In 2026 Q1, HORIZON KINETICS ASSET MANAGEMENT LLC maintained a portfolio of 368 distinct positions. The most significant new addition was EA SERIES TRUST, now representing 0.06% of the total fund value. They heavily accumulated shares in MIAMI INTL HLDGS INC, increasing the position by 89.7%. The fund also reduced its exposure to WHEATON PRECIOUS METALS CORP by 29.4%.
Position History
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Total Positions
368
Quarter
2026 Q1
Top Holding
TPL (51.5%)
Top 10 Concentration
78.2%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 368
HORIZON KINETICS ASSET MANAGEMENT LLC Full Holdings List — 2026 Q1
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
TPL
TEXAS PACIFIC L...
|
Energy | 51.49% | 40.14% |
#1
Prev: #1
|
6.5 |
—
|
-318,383 | -3.1% |
P
S
|
10,015,379 | $4,752,898,409 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
GBTC
GRAYSCALE BITCO...
|
ETF | 8.00% | 13.05% |
#2
Prev: #2
|
5.2 |
—
|
-108,711 | -0.8% |
P
S
|
14,004,882 | $738,897,574 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
LB
LANDBRIDGE COMP...
|
Energy | 4.23% | 3.74% |
#3
1
Prev: #4
|
3.2 |
—
|
14,368 | 0.3% |
P
S
|
5,657,134 | $390,625,134 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
HE
HAWAIIAN ELEC I...
|
Utilities | 3.48% | 3.23% |
#4
1
Prev: #5
|
3.9 |
—
|
2,242,931 | 11.6% |
P
S
|
21,635,294 | $321,067,763 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
WPM
WHEATON PRECIOU...
|
Basic Materials | 2.50% | 3.96% |
#5
2
Prev: #3
|
1.5 |
—
|
-731,999 | -29.4% |
P
S
|
1,761,519 | $230,776,606 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
WB
WATERBRIDGE INF...
|
Communication Services | 2.13% | 1.85% |
#6
1
Prev: #7
|
2.9 |
—
|
504,627 | 7.4% |
P
S
|
7,342,147 | $196,696,106 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
FNV
FRANCO NEV CORP
|
Basic Materials | 2.03% | 2.71% |
#7
1
Prev: #6
|
0.8 |
—
|
-210,804 | -21.8% |
P
S
|
757,297 | $187,090,315 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
PBT
PERMIAN BASIN R...
|
Bond/Debt | 1.49% | 1.42% |
#8
3
Prev: #11
|
1.1 |
—
|
191,892 | 3.1% |
P
S
|
6,379,692 | $137,290,964 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
MIAX
MIAMI INTL HLDG...
|
Financial Services | 1.46% | 1.09% |
#9
6
Prev: #15
|
3.6 |
—
|
1,631,751 | 89.7% |
P
S
|
3,451,549 | $134,334,287 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ICE
INTERCONTINENTA...
|
Financial Services | 1.43% | 1.82% |
#10
2
Prev: #8
|
1.1 |
—
|
8,133 | 1.0% |
P
S
|
838,899 | $131,942,006 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
LNG
CHENIERE ENERGY...
|
Energy | 1.29% | 1.22% |
#11
2
Prev: #13
|
1.0 |
—
|
-43,001 | -9.3% |
P
S
|
420,328 | $119,272,365 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CBOE
CBOE GLOBAL MKT...
|
Financial Services | 1.25% | 1.39% |
#12
Prev: #12
|
1.0 |
—
|
1,668 | 0.4% |
P
S
|
410,066 | $115,257,172 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
MSB
MESABI TR
|
Bond/Debt | 1.07% | 1.58% |
#13
4
Prev: #9
|
0.9 |
—
|
113,274 | 3.7% |
P
S
|
3,140,972 | $98,940,608 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BTC
GRAYSCALE BITCO...
|
Unknown | 0.98% | 1.57% |
#14
4
Prev: #10
|
0.9 |
—
|
7,356 | 0.2% |
P
S
|
3,004,416 | $90,102,437 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CACI
CACI INTL INC
|
Technology | 0.91% | 1.14% |
#15
1
Prev: #14
|
0.9 |
—
|
-3,943 | -2.5% |
P
S
|
154,648 | $84,108,408 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CME
CME GROUP INC
|
Financial Services | 0.86% | 1.02% |
#16
Prev: #16
|
0.8 |
—
|
-5,358 | -1.9% |
P
S
|
270,253 | $79,819,165 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
VNOM
VIPER ENERGY IN...
|
Energy | 0.85% | 0.90% |
#17
1
Prev: #18
|
0.8 |
—
|
-52,263 | -3.0% |
P
S
|
1,662,641 | $78,127,514 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CCJ
CAMECO CORP
|
Energy | 0.77% | 0.83% |
#18
2
Prev: #20
|
0.8 |
—
|
-22,271 | -3.3% |
P
S
|
651,825 | $70,794,673 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
OR
OR ROYALTIES IN...
|
Basic Materials | 0.72% | 0.87% |
#19
Prev: #19
|
0.8 |
—
|
-60,880 | -3.4% |
P
S
|
1,754,144 | $66,692,548 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BN
BROOKFIELD CORP
|
Financial Services | 0.69% | 0.98% |
#20
3
Prev: #17
|
0.8 |
—
|
-11,774 | -0.7% |
P
S
|
1,571,936 | $63,616,256 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CVEO
CIVEO CORP CDA
|
Consumer Cyclical | 0.67% | 0.76% |
#21
Prev: #21
|
0.8 |
—
|
-97,134 | -4.0% |
P
S
|
2,352,353 | $62,243,260 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
AN
AUTONATION INC
|
Consumer Cyclical | 0.48% | 0.72% |
#22
Prev: #22
|
0.7 |
—
|
-31,426 | -12.3% |
P
S
|
225,053 | $43,943,880 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BG
BUNGE GLOBAL SA
|
Consumer Defensive | 0.46% | 0.42% |
#23
4
Prev: #27
|
0.7 |
—
|
-12,050 | -3.5% |
P
S
|
336,944 | $42,859,312 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
TRC
TEJON RANCH CO
|
Industrials | 0.39% | 0.41% |
#24
4
Prev: #28
|
0.7 |
—
|
-9,967 | -0.5% |
P
S
|
1,902,606 | $35,845,097 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
HKHC
HORIZON KINETIC...
|
Financial Services | 0.38% | 0.34% |
#25
9
Prev: #34
|
0.7 |
—
|
103 | 0.0% |
P
S
|
1,075,416 | $35,488,728 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
JOE
ST JOE CO
|
Real Estate | 0.37% | 0.45% |
#26
Prev: #26
|
0.6 |
—
|
-12,228 | -2.2% |
P
S
|
542,609 | $34,075,817 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
SJT
SAN JUAN BASIN ...
|
Bond/Debt | 0.36% | 0.47% |
#27
2
Prev: #25
|
2.1 |
—
|
747,697 | 12.0% |
P
S
|
6,978,841 | $33,568,225 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
IBIT
ISHARES BITCOIN...
|
Bond/Debt | 0.33% | 0.54% |
#28
4
Prev: #24
|
0.6 |
—
|
-3,520 | -0.4% |
P
S
|
793,343 | $30,480,238 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
SII
SPROTT INC
|
Financial Services | 0.32% | 0.28% |
#29
10
Prev: #39
|
0.6 |
—
|
-7,629 | -3.6% |
P
S
|
206,997 | $29,579,833 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
WTM
WHITE MTNS INS ...
|
Financial Services | 0.31% | 0.37% |
#30
2
Prev: #32
|
0.6 |
—
|
-9 | -0.1% |
P
S
|
13,112 | $28,806,544 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
MMC
MARSH & MCLENNA...
|
Unknown | 0.28% | 0.39% |
#31
1
Prev: #30
|
0.6 |
—
|
-5,344 | -3.4% |
P
S
|
151,341 | $26,250,011 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CCL
CARNIVAL CORP
|
Consumer Cyclical | 0.27% | 0.40% |
#32
3
Prev: #29
|
0.6 |
—
|
105 | 0.0% |
P
S
|
957,653 | $24,784,070 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
LYV
LIVE NATION ENT...
|
Communication Services | 0.26% | 0.33% |
#33
2
Prev: #35
|
0.6 |
—
|
-12,715 | -7.5% |
P
S
|
157,169 | $23,969,844 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
DMLP
DORCHESTER MINE...
|
Energy | 0.25% | 0.26% |
#34
6
Prev: #40
|
0.6 |
—
|
-15,436 | -1.8% |
P
S
|
860,226 | $23,312,122 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
GLXY
GALAXY DIGITAL ...
|
Financial Services | 0.25% | 0.38% |
#35
4
Prev: #31
|
0.6 |
—
|
1,415 | 0.1% |
P
S
|
1,250,969 | $23,080,378 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
PAG
PENSKE AUTOMOTI...
|
Consumer Cyclical | 0.23% | 0.36% |
#36
3
Prev: #33
|
0.6 |
—
|
-27,367 | -16.1% |
P
S
|
142,507 | $21,307,615 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BRK/B
BERKSHIRE HATHA...
|
Financial Services | 0.20% | 0.26% |
#37
4
Prev: #41
|
0.6 |
—
|
45 | 0.1% |
P
S
|
38,033 | $18,225,413 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
RBA
RB GLOBAL INC
|
Industrials | 0.19% | 0.15% |
#38
11
Prev: #49
|
3.1 |
—
|
79,104 | 73.5% |
P
S
|
186,731 | $17,898,187 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
MSTR
STRATEGY INC
|
Technology | 0.19% | 0.29% |
#39
2
Prev: #37
|
0.6 |
—
|
-124 | -0.1% |
P
S
|
139,253 | $17,378,774 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
OSK
OSHKOSH CORP
|
Industrials | 0.18% | 0.20% |
#40
4
Prev: #44
|
0.6 |
—
|
-404 | -0.3% |
P
S
|
115,789 | $17,045,371 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
VUSB
VANGUARD BD IND...
|
ETF | 0.18% | 0.23% |
#41
1
Prev: #42
|
0.6 |
—
|
-3,488 | -1.0% |
P
S
|
339,054 | $16,879,803 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
RPRX
ROYALTY PHARMA ...
|
Healthcare | 0.18% | 0.18% |
#42
4
Prev: #46
|
0.6 |
—
|
-12,578 | -3.6% |
P
S
|
340,783 | $16,347,364 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
DBRG
DIGITALBRIDGE G...
|
Financial Services | 0.16% | 0.63% |
#43
20
Prev: #23
|
0.1 |
—
|
-2,107,153 | -69.2% |
P
S
|
939,380 | $14,485,237 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
TFPM
TRIPLE FLAG PRE...
|
Basic Materials | 0.16% | 0.19% |
#44
1
Prev: #45
|
0.6 |
—
|
-11,873 | -2.8% |
P
S
|
413,430 | $14,350,158 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
RCL
ROYAL CARIBBEAN...
|
Consumer Cyclical | 0.15% | 0.20% |
#45
2
Prev: #43
|
0.6 |
—
|
-1,060 | -2.0% |
P
S
|
51,698 | $14,226,293 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
IPAR
INTERPARFUMS IN...
|
Consumer Defensive | 0.14% | 0.16% |
#46
1
Prev: #47
|
0.6 |
—
|
-225 | -0.2% |
P
S
|
138,333 | $12,566,130 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
HHH
HOWARD HUGHES H...
|
Real Estate | 0.13% | 0.32% |
#47
11
Prev: #36
|
0.1 |
—
|
-96,950 | -33.0% |
P
S
|
196,410 | $12,424,897 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
RGLD
ROYAL GOLD INC
|
Basic Materials | 0.13% | 0.29% |
#48
10
Prev: #38
|
0.1 |
—
|
-47,734 | -50.3% |
P
S
|
47,142 | $11,997,075 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
WMB
WILLIAMS COS IN...
|
Energy | 0.11% | 0.11% |
#49
2
Prev: #51
|
0.5 |
—
|
980 | 0.7% |
P
S
|
138,301 | $10,065,553 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
MA
MASTERCARD INCO...
|
Financial Services | 0.11% | 0.15% |
#50
2
Prev: #48
|
0.5 |
—
|
-63 | -0.3% |
P
S
|
19,516 | $9,751,136 | 1999 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 |
Showing 1-50 of 368 holdings