Horizon Kinetics Asset Management 13F Portfolio Q3 2025

Horizon Kinetics Asset Management LLC (CIK: 0001056823) is a financial institution headquartered at 470 Park Avenue South, 4Th Floor South, New York, New York 10016. The firm regularly files Form 13F with the U.S. Securities and Exchange Commission (SEC), disclosing its equity holdings and investment positions.

As of the latest reporting period (2025-09-30), the institution manages a portfolio valued at $8,203,040,226, comprising 336 distinct securities. Over its filing history, it has submitted 51 Form 13F reports.

To view the institution’s full SEC filing history:
🔗 View All SEC Filings

Top Buys

Q3 2025

1. WBI WaterBridge Infrastructure LLC

+$160.26 M

+$55.66 M

3. CME CME Group Inc.

+$40.36 M

4. HKHC Horizon Kinetics Holding Corporation

+$39.92 M

5. HE Hawaiian Electric Industries, Inc.

+$21.82 M

Top Sells

Q3 2025

1. TPL Texas Pacific Land Corporation

−$68.01 M

2. ARIS Aris Water Solutions, Inc.

−$46.19 M

3. GBTC Grayscale Bitcoin Trust ETF

−$33.21 M

4. SAND Sandstorm Gold Ltd.

−$29.67 M

5. ADM Archer-Daniels-Midland Company

−$26.2 M

Stocks/ETFs

-2.76%

$8.19 B 99.83%

Options

-38.60%

$1.3 M 0.02%

Debt

+80.10%

$11.77 M 0.14%

Other

-71.30%

$910,245 0.01%

Name	Shares	Market Value	Weight	Change	Activity
Texas Pacific Land Corporation TPL	10,514,076	$3,272,120,809	39.89%	▼ 218,517	Reduce -2.0%
Grayscale Bitcoin Trust ETF ETF-GBTC	14,181,200	$1,273,046,324	15.52%	▼ 369,991	Reduce -2.5%
Wheaton Precious Metals Corp. WPM	2,792,112	$312,269,795	3.81%	▼ 193,374	Reduce -6.5%
LandBridge Company LLC LB	5,632,113	$300,473,214	3.66%	▲ 133,188	Add 2.4%
Franco-Nevada Corporation FNV	1,012,362	$225,665,659	2.75%	▼ 31,184	Reduce -3.0%
Hawaiian Electric Industries, Inc. HE	18,257,717	$201,565,196	2.46%	▲ 1,976,008	Add 12.1%
WaterBridge Infrastructure LLC WBI	6,354,306	$160,255,597	1.95%	▲ 6,354,306	New Buy
Grayscale Bitcoin Mini Trust ETF ETF-BTC	3,000,467	$151,913,646	1.85%	▼ 71,902	Reduce -2.3%
Intercontinental Exchange, Inc. ICE	831,061	$140,017,098	1.71%	▼ 697	Reduce -0.1%
Permian Basin Royalty Trust PBT	6,099,049	$111,307,651	1.36%	▲ 259,224	Add 4.4%

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Horizon Kinetics Asset Management LLC's Portfolio

This portfolio view aggregates one or more SEC Form 13F filings submitted by Horizon Kinetics Asset Management LLC each quarter. Holdings are organized into Stocks/ETFs, Options, Debt, and Other, with transaction markers indicating New Buy, Add, Reduce, No Change, or Sold Out. Reported anomalies are corrected where possible, and share counts are adjusted to reflect corporate actions such as stock splits. Since 2013, we have collected 50 quarters of portfolio data for this firm, providing a transparent record of institutional strategy over time.

Stocks ETFs

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Horizon Kinetics Asset Management LLC Quarterly 13F Statistics

📊 Discover detailed insights into Horizon Kinetics Asset Management LLC’s SEC Form 13F filings, including:

Quarterly changes in holdings
Portfolio turnover
Asset allocation trends
Top 10 stock and ETF positions

This page provides a transparent view of institutional strategies based on official SEC disclosures, helping investors track long‑term shifts since 2013.

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Horizon Kinetics Asset Management LLC's All 13F Filings

📑 This section lists all SEC Form 13F filings submitted by Horizon Kinetics Asset Management LLC, a registered institutional investment manager. Since 2013, we have tracked a total of 0 filings submitted by this firm.

Form 13F must be filed within 45 days after the end of each calendar quarter and discloses the reporting manager, the securities held, their CUSIP numbers, the number of shares held at quarter-end, and the total reported market value.

Please note that the market value shown reflects reported holdings only and should not be considered a substitute for Assets Under Management (AUM), as cash positions are excluded.
Each filing entry includes a direct link to the original Form 13F document on the SEC’s EDGAR system .

Report For	Filed At	AUM	Holdings	Form Type	Source

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Horizon Kinetics Asset Management LLC 13F Filings, Portfolio & Analysis

Horizon Kinetics Asset Management LLC — Portfolio Overview & Company Profile

Portfolio Summary (Q3 2025)

Top Buys

Top Sells

Asset Allocation

Sector Allocation (Stocks)

Top Stock & ETF Holdings (Q3 2025)

Historical Portfolio Charts

Horizon Kinetics Asset Management LLC's Portfolio

Horizon Kinetics Asset Management LLC Quarterly 13F Statistics

Horizon Kinetics Asset Management LLC's All 13F Filings