HORIZON KINETICS ASSET MANAGEMENT LLC
Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q4 2025 ▲▼ | Q1 2026 ▲▼ | Change ▲▼ | Q4 2025 ▲▼ | Q1 2026 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| TEXAS PACIFIC LAND CORPORATI(TPL) | 10,333,762 | 10,015,379 | -318,383 | 2,968,063,138 | 4,752,898,409 | 51.49% | +1,784,835,271 |
| LANDBRIDGE COMPANY LLC(LB) | 5,642,766 | 5,657,134 | +14,368 | 276,439,101 | 390,625,134 | 4.23% | +114,186,033 |
| HAWAIIAN ELEC INDS INC MTN B(HE) | 19,392,363 | 21,635,294 | +2,242,931 | 238,526,064 | 321,067,763 | 3.48% | +82,541,699 |
| WATERBRIDGE INFRASTRUCTURE L(WBI) | 6,837,520 | 7,342,147 | +504,627 | 136,818,775 | 196,696,106 | 2.13% | +59,877,331 |
| MIAMI INTL HLDGS INC(MIAX) | 1,819,798 | 3,451,549 | +1,631,751 | 80,762,635 | 134,334,287 | 1.46% | +53,571,652 |
| PERMIAN BASIN RTY TR(PBT) | 6,187,800 | 6,379,692 | +191,892 | 105,068,849 | 137,290,964 | 1.49% | +32,222,115 |
| CHENIERE ENERGY INC(LNG) | 463,329 | 420,328 | -43,001 | 90,066,554 | 119,272,365 | 1.29% | +29,205,811 |
| CARNIVAL CORP | 0 | 957,653 | +957,653 | 0 | 24,784,070 | 0.27% | +24,784,070 |
| CBOE GLOBAL MKTS INC(CBOE) | 408,398 | 410,066 | +1,668 | 102,507,805 | 115,257,172 | 1.25% | +12,749,367 |
| VIPER ENERGY INC(VNOM) | 1,714,904 | 1,662,641 | -52,263 | 66,246,755 | 78,127,514 | 0.85% | +11,880,759 |
| BUNGE GLOBAL SA(BG) | 348,994 | 336,944 | -12,050 | 31,088,428 | 42,859,312 | 0.46% | +11,770,884 |
| HORIZON KINETICS HLDG CORP COM | 1,075,313 | 1,075,416 | +103 | 25,269,855 | 35,488,728 | 0.38% | +10,218,873 |
| CAMECO CORP(CCJ) | 674,096 | 651,825 | -22,271 | 61,673,009 | 70,794,673 | 0.77% | +9,121,664 |
| SPROTT INC(SII) | 214,626 | 206,997 | -7,629 | 21,016,201 | 29,579,833 | 0.32% | +8,563,632 |
| RB GLOBAL INC(RBA) | 107,627 | 186,731 | +79,104 | 11,071,549 | 17,898,187 | 0.19% | +6,826,638 |
| CIVEO CORP CDA | 2,449,487 | 2,352,353 | -97,134 | 56,019,763 | 62,243,260 | 0.67% | +6,223,497 |
| TEJON RANCH CO | 1,912,573 | 1,902,606 | -9,967 | 30,161,276 | 35,845,097 | 0.39% | +5,683,821 |
| EA SERIES TRUST ALPHA ARCH 1-3 | 0 | 47,475 | +47,475 | 0 | 5,520,868 | 0.06% | +5,520,868 |
| CME GROUP INC(CME) | 275,611 | 270,253 | -5,358 | 75,263,913 | 79,819,165 | 0.86% | +4,555,252 |
| NATURAL RESOURCE PARTNERS LP(NRP) | 24,865 | 57,871 | +33,006 | 2,595,906 | 7,002,391 | 0.08% | +4,406,485 |
| CONSENSUS MINING & SEIGNIORAGE CORP COM | 0 | 164,593 | +164,593 | 0 | 4,279,418 | 0.05% | +4,279,418 |
| DORCHESTER MINERALS L P(DMLP) | 875,662 | 860,226 | -15,436 | 19,579,813 | 23,312,122 | 0.25% | +3,732,309 |
| ALPS ETF TR ALERIAN MLP | 60,307 | 106,520 | +46,213 | 2,835,635 | 5,607,213 | 0.06% | +2,771,578 |
| ROYALTY PHARMA PLC(RPRX) | 353,361 | 340,783 | -12,578 | 13,653,874 | 16,347,364 | 0.18% | +2,693,490 |
| OR ROYALTIES INC.(OR) | 1,815,024 | 1,754,144 | -60,880 | 64,233,692 | 66,692,548 | 0.72% | +2,458,856 |
| OSHKOSH CORP(OSK) | 116,193 | 115,789 | -404 | 14,597,381 | 17,045,371 | 0.18% | +2,447,990 |
| FERMI INC(FRMI) | 108,701 | 532,426 | +423,725 | 869,608 | 3,109,368 | 0.03% | +2,239,760 |
| EXXON MOBIL CORP | 38,580 | 39,692 | +1,112 | 4,642,717 | 6,734,145 | 0.07% | +2,091,428 |
| PLAINS ALL AMERN PIPELINE L(PAA) | 0 | 90,209 | +90,209 | 0 | 2,014,367 | 0.02% | +2,014,367 |
| LIBERTY ENERGY INC(LBRT) | 342,711 | 288,222 | -54,489 | 6,326,445 | 8,300,794 | 0.09% | +1,974,349 |
| WILLIAMS COS INC(WMB) | 137,321 | 138,301 | +980 | 8,254,376 | 10,065,553 | 0.11% | +1,811,177 |
| ENERGY TRANSFER L P(ET) | 359,648 | 398,708 | +39,060 | 5,930,594 | 7,695,061 | 0.08% | +1,764,467 |
| HUBBELL INC(HUBB) | 0 | 3,532 | +3,532 | 0 | 1,733,294 | 0.02% | +1,733,294 |
| WESTERN MIDSTREAM PARTNERS L(WES) | 134,085 | 169,744 | +35,659 | 5,296,357 | 6,988,360 | 0.08% | +1,692,003 |
| WHITE MTNS INS GROUP LTD COM | 13,121 | 13,112 | -9 | 27,265,835 | 28,806,544 | 0.31% | +1,540,709 |
| MADISON SQUARE GRDN SPRT COR(MSGS) | 23,344 | 23,347 | +3 | 6,037,925 | 7,503,726 | 0.08% | +1,465,801 |
| ALLIANCE RESOURCE PARTNERS L(ARLP) | 64,141 | 104,709 | +40,568 | 1,489,995 | 2,895,204 | 0.03% | +1,405,209 |
| TRI POINTE HOMES INC COM | 85,962 | 85,966 | +4 | 2,705,224 | 4,017,191 | 0.04% | +1,311,967 |
| SUNCOR ENERGY INC NEW(SU) | 54,777 | 56,237 | +1,460 | 2,429,927 | 3,717,828 | 0.04% | +1,287,901 |
| PATTERSON-UTI ENERGY INC(PTEN) | 258,608 | 258,608 | 0 | 1,580,094 | 2,800,725 | 0.03% | +1,220,631 |
| ST JOE CO(JOE) | 554,837 | 542,609 | -12,228 | 32,940,645 | 34,075,817 | 0.37% | +1,135,172 |
| GENERAL MILLS INC(GIS) | 0 | 30,090 | +30,090 | 0 | 1,119,950 | 0.01% | +1,119,950 |
| BLACKROCK MUNIYIELD QUALITY | 102,099 | 207,994 | +105,895 | 1,109,816 | 2,186,017 | 0.02% | +1,076,201 |
| ASTRAZENECA PLC(AZN) | 0 | 5,256 | +5,256 | 0 | 1,036,588 | 0.01% | +1,036,588 |
| VERTIV HOLDINGS CO(VRT) | 11,025 | 11,025 | 0 | 1,786,160 | 2,762,645 | 0.03% | +976,485 |
| SPHERE ENTERTAINMENT CO(SPHR) | 47,463 | 46,252 | -1,211 | 4,512,782 | 5,429,985 | 0.06% | +917,203 |
| BLACKROCK MUNIYILD QULT FD I(MQY) | 0 | 82,981 | +82,981 | 0 | 911,131 | 0.01% | +911,131 |
| CHEVRON CORPORATION(CVX) | 13,328 | 14,018 | +690 | 2,031,320 | 2,900,324 | 0.03% | +869,004 |
| SABINE RTY TR(SBR) | 109,487 | 111,150 | +1,663 | 7,507,512 | 8,374,027 | 0.09% | +866,515 |
| ARCHER DANIELS MIDLAND CO | 60,202 | 59,312 | -890 | 3,461,011 | 4,311,394 | 0.05% | +850,383 |
| LISTED FDS TR HORI KI INFL ETF | 98,980 | 100,352 | +1,372 | 4,400,655 | 5,224,309 | 0.06% | +823,654 |
| INTERPARFUMS INC(IPAR) | 138,558 | 138,333 | -225 | 11,753,845 | 12,566,130 | 0.14% | +812,285 |
| RENN FD INC | 865,948 | 912,064 | +46,116 | 2,225,486 | 2,991,570 | 0.03% | +766,084 |
| ENTERPRISE PRODS PARTNERS L(EPD) | 112,063 | 114,820 | +2,757 | 3,592,739 | 4,344,789 | 0.05% | +752,050 |
| ALLIANCEBERNSTEIN HLDG L P(AB) | 193,741 | 217,447 | +23,706 | 7,455,153 | 8,141,216 | 0.09% | +686,063 |
| FREEPORT MCMORAN INC(FCX) | 93,114 | 91,881 | -1,233 | 4,729,282 | 5,400,765 | 0.06% | +671,483 |
| NUTRIEN LTD(NTR) | 51,872 | 51,224 | -648 | 3,201,519 | 3,865,365 | 0.04% | +663,846 |
| CIRCLE INTERNET GROUP INC(CRCL) | 0 | 6,932 | +6,932 | 0 | 661,382 | 0.01% | +661,382 |
| BLACKROCK MUNIHOLDINGS FD IN | 16,797 | 74,530 | +57,733 | 197,196 | 840,698 | 0.01% | +643,502 |
| JOHNSON & JOHNSON(JNJ) | 15,949 | 15,709 | -240 | 3,300,697 | 3,839,969 | 0.04% | +539,272 |
| PROSHARES TR ULTRAPRO QQQ | 0 | 12,048 | +12,048 | 0 | 502,161 | 0.01% | +502,161 |
| PROSHARES TR ULTRAPRO SHORT | 0 | 6,180 | +6,180 | 0 | 497,428 | 0.01% | +497,428 |
| EQT CORP(EQT) | 41,253 | 42,521 | +1,268 | 2,211,164 | 2,706,062 | 0.03% | +494,898 |
| LISTED FDS TR HORI KI JAPA ETF | 182,317 | 227,765 | +45,448 | 4,687,643 | 5,158,854 | 0.06% | +471,211 |
| MERCK & CO INC(MRK) | 28,147 | 28,383 | +236 | 2,962,719 | 3,414,189 | 0.04% | +451,470 |
| LISTED FDS TR HORI KIN TEX ETF | 0 | 15,737 | +15,737 | 0 | 443,200 | 0.00% | +443,200 |
| MARATHON PETE CORP(MPC) | 5,270 | 5,202 | -68 | 857,060 | 1,270,224 | 0.01% | +413,164 |
| EOG RES INC(EOG) | 6,493 | 7,567 | +1,074 | 681,829 | 1,093,961 | 0.01% | +412,132 |
| L3HARRIS TECHNOLOGIES INC(LHX) | 9,388 | 9,153 | -235 | 2,756,042 | 3,159,277 | 0.03% | +403,235 |
| SLB LIMITED(SLB) | 0 | 7,819 | +7,819 | 0 | 401,818 | 0.00% | +401,818 |
| DIAMONDBACK ENERGY INC(FANG) | 0 | 2,002 | +2,002 | 0 | 395,976 | 0.00% | +395,976 |
| LISTED FDS TR HORZN KINTCS BL | 156,000 | 166,055 | +10,055 | 4,713,884 | 5,104,034 | 0.06% | +390,150 |
| CONOCOPHILLIPS(COP) | 0 | 2,811 | +2,811 | 0 | 371,052 | 0.00% | +371,052 |
| AEHR TEST SYS(AEHR) | 21,300 | 21,600 | +300 | 430,047 | 800,928 | 0.01% | +370,881 |
| SONOCO PRODS CO(SON) | 30,613 | 31,230 | +617 | 1,335,967 | 1,689,231 | 0.02% | +353,264 |
| IRON MTN INC DEL(IRM) | 18,405 | 18,405 | 0 | 1,526,694 | 1,879,887 | 0.02% | +353,193 |
| OCCIDENTAL PETE CORP(OXY) | 5,577 | 8,850 | +3,273 | 229,346 | 575,250 | 0.01% | +345,904 |
| ALTRIA GROUP INC(MO) | 38,607 | 38,957 | +350 | 2,226,101 | 2,570,772 | 0.03% | +344,671 |
| WW GRAINGER INC(GWW) | 0 | 305 | +305 | 0 | 332,697 | 0.00% | +332,697 |
| GRAYSCALE ETHEREUM CLASSIC TRUST(ETCG) | 0 | 71,192 | +71,192 | 0 | 313,245 | 0.00% | +313,245 |
| GE VERNOVA INC(GEV) | 1,443 | 1,439 | -4 | 943,101 | 1,256,103 | 0.01% | +313,002 |
| LOCKHEED MARTIN CORP(LMT) | 0 | 507 | +507 | 0 | 306,426 | 0.00% | +306,426 |
| POWER SOLUTIONS INTL INC | 0 | 5,000 | +5,000 | 0 | 304,400 | 0.00% | +304,400 |
| MODINE MFG CO(MOD) | 0 | 1,380 | +1,380 | 0 | 299,060 | 0.00% | +299,060 |
| HONEYWELL INTL INC(HON) | 6,095 | 6,576 | +481 | 1,189,141 | 1,486,373 | 0.02% | +297,232 |
| RAYONIER INC(RYN) | 15,773 | 30,536 | +14,763 | 341,492 | 629,659 | 0.01% | +288,167 |
| BRISTOL-MYERS SQUIBB CO(BMY) | 45,110 | 44,706 | -404 | 2,433,233 | 2,711,419 | 0.03% | +278,186 |
| BLACK STONE MINERALS L P(BSM) | 151,238 | 151,238 | 0 | 2,009,953 | 2,286,719 | 0.02% | +276,766 |
| CATERPILLAR INC(CAT) | 4,617 | 4,117 | -500 | 2,644,940 | 2,916,730 | 0.03% | +271,790 |
| PIMCO NEW YORK MUN FD II | 0 | 37,634 | +37,634 | 0 | 257,793 | 0.00% | +257,793 |
| PFIZER INC(PFE) | 67,671 | 68,950 | +1,279 | 1,685,017 | 1,936,116 | 0.02% | +251,099 |
| COSTAMARE INC(CMRE) | 221,950 | 221,850 | -100 | 3,504,590 | 3,749,265 | 0.04% | +244,675 |
| BHP BILLITON LIMITED | 0 | 3,231 | +3,231 | 0 | 235,023 | 0.00% | +235,023 |
| DOW HLDGS INC(DOW) | 0 | 5,481 | +5,481 | 0 | 228,284 | 0.00% | +228,284 |
| TRIPLE FLAG PRECIOUS METAL(TFPM) | 425,303 | 413,430 | -11,873 | 14,128,571 | 14,350,158 | 0.16% | +221,587 |
| SPDR GOLD TR(GLD) | 3,643 | 3,863 | +220 | 1,443,757 | 1,662,210 | 0.02% | +218,453 |
| STAR BULK CARRIERS CORP.(SBLK) | 50,701 | 51,770 | +1,069 | 974,469 | 1,189,148 | 0.01% | +214,679 |
| RIO TINTO PLC(RIO) | 16,316 | 16,296 | -20 | 1,305,769 | 1,520,254 | 0.02% | +214,485 |
| LIBERTY LIVE HOLDINGS INC(LLYVA) | 0 | 2,295 | +2,295 | 0 | 210,314 | 0.00% | +210,314 |
| NRG ENERGY INC(NRG) | 0 | 1,435 | +1,435 | 0 | 209,711 | 0.00% | +209,711 |