HORIZON KINETICS ASSET MANAGEMENT LLC

Q2 2025 13F-HR Detailed Holdings

Location
New York, NY
Holdings as of
6/30/2025
Date filed
8/12/2025
Form type
13F-HR
Num holdings
352
Total value ($000)
$8,433,163
Net value change ($000)
-381,623 (-4.3%)
New positions
18
Sold out positions
11
Turnover %
1.4%
Sector allocation + QoQ delta (equities-only)

Holdings broken out by other managers reported in the original SEC filing. View aggregated holdings

Prev filing: 5/15/2025 Next filing: 11/14/2025 SEC filing
You are on the SEC detailed breakdown page. Rows are shown as reported in the filing (including other manager, discretion, and voting authority fields), and are not merged like the standard holdings view. Switch to aggregated holdings.

Snapshot: Change Analysis

Compared to Q1 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
GBTC 276,606 28.9%
OR 46,728 NEW
WPM 38,569 16.8%
BTC 35,023 31.4%
HE 34,481 24.9%
PBT 31,793 77.6%
GLXY 29,877 NEW
CCJ 24,115 92.6%
IBIT 18,140 44.5%
TRC 14,881 113.9%
Top Reduces (Value $000, Stocks/ETFs)
TPL -984,190 -20.7%
OR -35,968 -100.0%
LB -23,115 -5.9%
MSB -7,990 -10.1%
VNOM Sub, Inc. -7,555 -10.4%
HHH -4,268 -13.2%
WEN -3,165 -28.4%
SPGI -2,540 -32.1%
BRK-B -2,307 -10.0%
ACGP -2,303 -6.6%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 2,110 (0.0% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type Discretion Other Manager Sole Shared None