HORIZON KINETICS ASSET MANAGEMENT LLC

Q3 2025 13F-HR Detailed Holdings

Location
New York, NY
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
336
Total value ($000)
$8,203,040
Net value change ($000)
-230,123 (-2.7%)
New positions
11
Sold out positions
26
Turnover %
4.6%
Sector allocation + QoQ delta (equities-only)

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

Prev filing: 8/12/2025 Next filing: 2/11/2026 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 Q2 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)
WBI 160,256 NEW
VNOM 65,812 NEW
MIAX 55,656 NEW
FNV 54,608 31.9%
WPM 44,173 16.5%
HKHC 39,838 5658.8%
CME 39,667 113.0%
GBTC 38,668 3.1%
PBT 38,544 53.0%
HE 28,490 16.5%
Top Reduces (Value $000, Stocks/ETFs)
TPL -507,147 -13.4%
LB -71,144 -19.1%
VNOM Sub, Inc. -65,247 -100.0%
Aris Water Solutions, Inc. -44,076 -88.9%
ADM -22,680 -84.9%
LYV -18,943 -40.2%
SAND -18,298 -53.4%
SB -16,945 -100.0%
MSTR -14,193 -24.1%
ICE -12,586 -8.2%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 1,296 (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