HORIZON KINETICS ASSET MANAGEMENT LLC

Q1 2026 13F-HR Holdings

Location
New York, NY
Holdings as of
3/31/2026
Date filed
5/15/2026
Form type
13F-HR
Num holdings
353
Total value ($000)
$9,231,521
Net value change ($000)
+1,837,145 (24.8%)
New positions
44
Sold out positions
15
Turnover %
0.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 2/11/2026 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q4 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)
TPL 1,784,835 60.1%
LB 114,186 41.3%
HE 82,542 34.6%
WBI 59,877 43.8%
MIAX 53,571 66.3%
PBT 32,222 30.7%
LNG 29,205 32.4%
CBOE 12,749 12.4%
VNOM 11,881 17.9%
BG 11,771 37.9%
Top Reduces (Value $000, Stocks/ETFs)
GBTC -225,907 -23.4%
WPM -62,261 -21.2%
DBRG -32,249 -69.0%
BTC -25,974 -22.4%
MSB -17,686 -15.2%
FNV -13,578 -6.8%
HHH -10,976 -46.9%
RGLD -9,093 -43.1%
IBIT -9,084 -23.0%
BN -9,060 -12.5%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 1,002 (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