StockDriftsStockDriftsTop 50 Horizon Kinetics Asset Management LLC Holdings
| Stock | Company | % Port. | Shares | Value | Activity | Ownership | Avg. Cost | Date |
|---|---|---|---|---|---|---|---|---|
| TPL | TEXAS PACIFIC LAND CORPORATI | 48.64% | 9.80M | $4.29B | -2.12%(-212.48K) | $85.96(+316.32%) | 2026-06-30 | |
| GBTC | GRAYSCALE BITCOIN TRUST ETF | 6.27% | 12.14M | $552.6M | -13.32%(-1.86M) | $9.67(+403.22%) | 2026-06-30 | |
| LB | LANDBRIDGE COMPANY LLC | 5.23% | 5.82M | $461.3M | +2.90%(+164.13K) | $28.03(+180.70%) | 2026-06-30 | |
| HE | HAWAIIAN ELEC INDS INC MTN B | 3.44% | 22.40M | $303.0M | +3.51%(+760.10K) | $10.92(+7.39%) | 2026-06-30 | |
| MIAX | MIAMI INTL HLDGS INC | 3.3% | 7.84M | $291.4M | +127.21%(+4.39M) | $39.02(+11.52%) | 2026-06-30 | |
| WBI | WATERBRIDGE INFRASTRUCTURE L | 2.97% | 7.65M | $262.2M | +4.20%(+308.09K) | $25.15(+26.37%) | 2026-06-30 | |
| WPM | WHEATON PRECIOUS METALS CORP | 2.15% | 1.69M | $189.5M | -4.24%(-74.62K) | $32.50(+312.94%) | 2026-06-30 | |
| PBT | PERMIAN BASIN RTY TR | 1.91% | 6.73M | $168.5M | +5.48%(+349.60K) | $14.65(+123.13%) | 2026-06-30 | |
| FNV | FRANCO NEV CORP | 1.83% | 773.4K | $161.2M | +2.13%(+16.12K) | $102.82(+127.79%) | 2026-06-30 | |
| BTC | GRAYSCALE BITCOIN MINI TR ET | 1.79% | 6.07M | $157.5M | +101.97%(+3.06M) | $27.96(-0.53%) | 2026-06-30 |
| Performance Metric | 3-Year Annualized | 3-Year Cumulative | 5-Year Annualized | 5-Year Cumulative |
|---|---|---|---|---|
| Top 20 Holdings Weighted | +35.14% | +146.82% | +18.35% | +132.18% |
| Top 20 Holdings Unweighted | +20.03% | +72.91% | +13.46% | +88.01% |
Horizon Kinetics Asset Management LLC reports $8.82B in US-listed equity holdings across 350 positions in its most recent 13F filing. Its largest disclosed positions are TPL (48.6%), GBTC (6.3%) and LB (5.2%). The top 20 holdings account for 86.85% of reported assets. Its disclosed equity book has returned +146.82% on a three-year cumulative basis. Figures reflect the Q2 2026 filing.
Portfolio changes
Every reported change this quarter, grouped by direction. The signal is in the rotation, not any single trade.
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Holdings on this page are parsed from Horizon Kinetics Asset Management LLC’s Form 13F filings with the U.S. Securities and Exchange Commission (CIK 1056823). View Horizon Kinetics Asset Management LLC’s 13F filings on SEC