Horizon Kinetics Asset Management Llc
Institutional manager — quarterly 13F holdings, Q ending 2026-03-31
Reported value
$9.23B
Q ending 2026-03-31
Prior quarter
$7.39B
Q ending 2025-12-31
Change
+24.8% QoQ · +4.7% YoY
Positions
353
reported holdings
Largest positions
Top 100 of 353 reported positions by value, Q ending 2026-03-31. A manager can hold shares, calls and puts on the same security at once — such positions are listed as separate rows. Type: Shares = common stock, Put/Call = option positions (valued at the underlying), Principal = debt. Tickers link to stock pages where covered.
| Holding | Ticker | Type | Value ▼ | Shares |
|---|---|---|---|---|
| Texas Pacific Land Corporati | TPL | Shares | $4.75B | 10.0M |
| Grayscale Bitcoin Trust Etf | GBTC | Shares | $738.9M | 14.0M |
| Landbridge Company Llc | LB | Shares | $390.6M | 5.7M |
| Hawaiian Elec Inds Inc Mtn B | HE | Shares | $321.1M | 21.6M |
| Wheaton Precious Metals Corp | WPM | Shares | $230.8M | 1.8M |
| Waterbridge Infrastructure L | WBI | Shares | $196.7M | 7.3M |
| Franco Nev Corp | FNV | Shares | $187.1M | 757K |
| Permian Basin Rty Tr | PBT | Shares | $137.3M | 6.4M |
| Miami Intl Hldgs Inc | MIAX | Shares | $134.3M | 3.5M |
| Intercontinental Exchange In | ICE | Shares | $131.9M | 839K |
| Cheniere Energy Inc | LNG | Shares | $119.3M | 420K |
| Cboe Global Mkts Inc | CBOE | Shares | $115.3M | 410K |
| Mesabi Tr | MSB | Shares | $98.9M | 3.1M |
| Grayscale Bitcoin Mini Tr Et | BTC | Shares | $90.1M | 3.0M |
| Caci Intl Inc | CACI | Shares | $84.1M | 155K |
| Cme Group Inc | CME | Shares | $79.8M | 270K |
| Viper Energy Inc | VNOM | Shares | $78.1M | 1.7M |
| Cameco Corp | CCJ | Shares | $70.8M | 652K |
| Or Royalties Inc. | OR | Shares | $66.7M | 1.8M |
| Brookfield Corp | BN | Shares | $63.6M | 1.6M |
| Civeo Corp Cda | CVEO | Shares | $62.2M | 2.4M |
| Autonation Inc | AN | Shares | $43.9M | 225K |
| Bunge Global Sa | Shares | $42.9M | 337K | |
| Tejon Ranch Co | TRC | Shares | $35.8M | 1.9M |
| Horizon Kinetics Hldg Corp Com | HKHC | Shares | $35.5M | 1.1M |
| St Joe Co | JOE | Shares | $34.1M | 543K |
| San Juan Basin Rty Tr | SJT | Shares | $33.6M | 7.0M |
| Ishares Bitcoin Trust Etf | IBIT | Shares | $30.5M | 793K |
| Sprott Inc | SII | Shares | $29.6M | 207K |
| White Mtns Ins Group Ltd | Shares | $28.8M | 13K | |
| Marsh & Mclennan Cos Inc | MRSH | Shares | $26.3M | 151K |
| Carnival Corp | CCL1EUR | Shares | $24.8M | 958K |
| Live Nation Entertainment In | LYV | Shares | $24.0M | 157K |
| Dorchester Minerals L P | DMLP | Shares | $23.3M | 860K |
| Galaxy Digital Inc. | GLXY | Shares | $23.1M | 1.3M |
| Penske Automotive Grp Inc | PAG | Shares | $21.3M | 143K |
| Berkshire Hathaway Inc Del | BRK/B | Shares | $18.2M | 38K |
| Rb Global Inc | RBA | Shares | $17.9M | 187K |
| Strategy Inc | MSTR | Shares | $17.4M | 139K |
| Oshkosh Corp | OSK | Shares | $17.0M | 116K |
| Vanguard Bd Index Fds | VUSB | Shares | $16.9M | 339K |
| Royalty Pharma Plc | Shares | $16.3M | 341K | |
| Digitalbridge Group Inc | DBRG | Shares | $14.5M | 939K |
| Triple Flag Precious Metal | TFPM | Shares | $14.4M | 413K |
| Royal Caribbean Group | Shares | $14.2M | 52K | |
| Interparfums Inc | IPAR | Shares | $12.6M | 138K |
| Howard Hughes Holdings Inc | HHH | Shares | $12.4M | 196K |
| Royal Gold Inc | RGLD | Shares | $12.0M | 47K |
| Williams Cos Inc | WMB | Shares | $10.1M | 138K |
| Mastercard Incorporated | MA | Shares | $9.8M | 20K |
| Brookfield Asset Managmt Ltd | BAM | Shares | $8.4M | 190K |
| Sabine Rty Tr | SBR | Shares | $8.4M | 111K |
| Liberty Energy Inc | LBRT | Shares | $8.3M | 288K |
| Alliancebernstein Hldg L P | AB | Shares | $8.1M | 217K |
| Energy Transfer L P | ET | Shares | $7.7M | 399K |
| Madison Square Grdn Sprt Cor | MSGS | Shares | $7.5M | 23K |
| Natural Resource Partners Lp | NRP | Shares | $7.0M | 58K |
| Western Midstream Partners L | WES | Shares | $7.0M | 170K |
| Liberty Media Corp Del | FWONK | Shares | $6.9M | 81K |
| Exxon Mobil Corp | XOM | Shares | $6.7M | 40K |
| Listed Fds Tr | SPAQ | Shares | $6.5M | 72K |
| Nasdaq Inc | NDAQ | Shares | $6.0M | 71K |
| Vanguard Scottsdale Fds | VGSH | Shares | $5.8M | 99K |
| Alps Etf Tr | AMLP | Shares | $5.6M | 107K |
| Ea Series Trust | BOXX | Shares | $5.5M | 47K |
| Sphere Entertainment Co | SPHR | Shares | $5.4M | 46K |
| Freeport Mcmoran Inc | FCX | Shares | $5.4M | 92K |
| Listed Fds Tr | INFL | Shares | $5.2M | 100K |
| Listed Fds Tr | JAPN | Shares | $5.2M | 228K |
| Listed Fds Tr | BCDF | Shares | $5.1M | 166K |
| Grayscale Bitcoin Cash Trust Bch | BCHG | Shares | $5.0M | 1.5M |
| Science Applications Intl Co | SAIC | Shares | $4.8M | 51K |
| Enterprise Prods Partners L | EPD | Shares | $4.3M | 115K |
| Archer Daniels Midland Co | ADM | Shares | $4.3M | 59K |
| Consensus Mining & Seigniorage Cor | CMSG | Shares | $4.3M | 165K |
| Abbvie Inc | ABBV | Shares | $4.2M | 19K |
| Markel Group Inc | MKL | Shares | $4.0M | 2K |
| Tri Pointe Homes Inc | T86 | Shares | $4.0M | 86K |
| Nutrien Ltd | NTR | Shares | $3.9M | 51K |
| Johnson & Johnson | JNJ | Shares | $3.8M | 16K |
| Costamare Inc | Shares | $3.7M | 222K | |
| Suncor Energy Inc New | SU | Shares | $3.7M | 56K |
| Eli Lilly & Co | LLY | Shares | $3.6M | 4K |
| Broadridge Finl Solutions In | BR | Shares | $3.6M | 22K |
| Merck & Co Inc | MRK | Shares | $3.4M | 28K |
| Nuveen Amt Free Qlty Mun Inc | XNEAX | Shares | $3.3M | 296K |
| Philip Morris Intl Inc | PM | Shares | $3.3M | 20K |
| Eagle Matls Inc | EXP | Shares | $3.2M | 17K |
| Kla Corp | KLAC | Shares | $3.2M | 2K |
| L3Harris Technologies Inc | LHX | Shares | $3.2M | 9K |
| Fermi Inc | FRMI | Shares | $3.1M | 532K |
| Renn Fd Inc | RCG | Shares | $3.0M | 912K |
| Caterpillar Inc | CAT | Shares | $2.9M | 4K |
| Cisco Sys Inc | CSCO | Shares | $2.9M | 37K |
| Chevron Corporation | CVX | Shares | $2.9M | 14K |
| Alliance Resource Partners L | ARLP | Shares | $2.9M | 105K |
| Patterson-Uti Energy Inc | PTEN | Shares | $2.8M | 259K |
| Vertiv Holdings Co | VRT | Shares | $2.8M | 11K |
| Bristol-Myers Squibb Co | BMY | Shares | $2.7M | 45K |
| Eqt Corp | EQT | Shares | $2.7M | 43K |
Values as reported in public regulatory filings (USD); holdings are reported quarterly, up to 45 days after quarter end, and may contain reporting errors. Nothing here is investment advice.