Fund Holdings

HORIZON KINETICS ASSET MANAGEMENT LLC

Filing Period:
Securities
SharesValue ($K)
Q2 2025
Q3 2025
Change
Q2 2025
Q3 2025
Weight (%)
Change
WATERBRIDGE INFRASTRUCTURE L(WBI)06,354,306+6,354,3060160,255,5971.95%+160,255,597
VIPER ENERGY INC(VNOM)01,721,927+1,721,927065,812,0350.80%+65,812,035
MIAMI INTL HLDGS INC(MIAX)01,382,403+1,382,403055,655,5450.68%+55,655,545
FRANCO NEV CORP(FNV)1,043,5461,012,362-31,184171,058,028225,665,6592.75%+54,607,631
WHEATON PRECIOUS METALS CORP(WPM)2,985,4862,792,112-193,374268,096,626312,269,7953.81%+44,173,169
HORIZON KINETICS HLDG CORP16,3631,075,161+1,058,798703,60940,541,6330.49%+39,838,024
CME GROUP INC(CME)127,398276,773+149,37535,113,54974,781,2110.91%+39,667,662
GRAYSCALE BITCOIN TRUST ETF(GBTC)14,551,19114,181,200-369,9911,234,377,5331,273,046,32415.52%+38,668,791
PERMIAN BASIN RTY TR(PBT)5,839,8256,099,049+259,22472,764,218111,307,6511.36%+38,543,433
HAWAIIAN ELEC INDUSTRIES(HE)16,281,70918,257,717+1,976,008173,074,567201,565,1962.46%+28,490,629
OR ROYALTIES INC.(OR)1,817,5011,823,650+6,14946,727,94273,091,8840.89%+26,363,942
MESABI TR2,960,5902,999,326+38,73670,935,74187,790,2681.07%+16,854,527
GALAXY DIGITAL INC.(GLXY)1,364,2671,253,870-110,39729,877,44742,393,3450.52%+12,515,898
CAMECO CORP(CCJ)675,700676,032+33250,157,21056,692,0240.69%+6,534,814
SAN JUAN BASIN RTY TR4,594,5025,611,981+1,017,47927,475,12233,896,3650.41%+6,421,243
BAKKT HOLDINGS INC335,279328,529-6,7504,677,14211,055,0010.13%+6,377,859
GRAYSCALE BITCOIN MINI TR ET(BTC)3,072,3693,000,467-71,902146,705,622151,913,6461.85%+5,208,024
AUTONATION INC(AN)261,774259,335-2,43952,001,43756,734,7530.69%+4,733,316
GRAYSCALE LITECOIN(LTCN)0497,743+497,74304,375,1610.05%+4,375,161
LISTED FDS TR15,691169,748+154,057439,9714,775,0110.06%+4,335,040
CBOE GLOBAL MKTS INC(CBOE)412,717409,459-3,25896,249,777100,419,9321.22%+4,170,155
SPROTT INC(SII)212,898214,814+1,91614,709,13417,870,3440.22%+3,161,210
CACI INTL INC(CACI)161,672160,665-1,00777,069,04280,136,4890.98%+3,067,447
BROOKFIELD CORP(BN)1,173,0011,649,271+476,27072,550,10275,404,6890.92%+2,854,587
TEJON RANCH CO1,647,4971,913,978+266,48127,941,54930,585,3680.37%+2,643,819
LIBERTY ENERGY INC(LBRT)149,428346,826+197,3981,715,4334,279,8330.05%+2,564,400
GRAYSCALE COINDESK CRYPTO(GDLC)041,029+41,02902,293,5210.03%+2,293,521
WHITE MTNS INS GROUP LTD10,97113,084+2,11319,700,84821,870,1710.27%+2,169,323
BROADRIDGE FINL SOLUTIONS IN(BR)7,76115,048+7,2871,886,1563,583,9820.04%+1,697,826
SABINE RTY TR(SBR)109,521109,410-1117,302,8868,693,7550.11%+1,390,869
FITLIFE BRANDS INC154,456154,45602,011,0173,072,1300.04%+1,061,113
OSHKOSH CORP(OSK)124,206116,700-7,50614,102,30015,136,0270.18%+1,033,727
METALLA RTY & STREAMING LTD405,430404,397-1,0331,556,8512,567,9210.03%+1,011,070
DIGITALBRIDGE GROUP INC(DBRG)3,617,9653,286,397-331,56837,445,94138,450,8400.47%+1,004,899
ST JOE CO(JOE)555,891555,729-16226,516,01027,497,4930.34%+981,483
RESIDEO TECHNOLOGIES INC(REZI)72,26259,196-13,0661,594,1002,556,0830.03%+961,983
SPHERE ENTERTAINMENT CO(SPHR)53,82549,391-4,4342,249,8853,068,1690.04%+818,284
NATURAL RESOURCE PARTNERS L(NRP)19,12324,580+5,4571,826,4382,580,9000.03%+754,462
GRAYSCALE BITCOIN CASH(BCHG)1,541,2641,487,494-53,7705,949,2796,619,3480.08%+670,069
UNITEDHEALTH GROUP INC(UNH)01,695+1,6950585,2840.01%+585,284
CONSTELLATION BRANDS INC(STZ)04,317+4,3170581,3700.01%+581,370
CARNIVAL CORP969,428961,734-7,69427,260,31527,803,7300.34%+543,415
WISDOMTREE INC(WT)198,772201,038+2,2662,287,8622,794,4260.03%+506,564
SPROTT ASSET MANAGEMENT LP(PHYS)016,634+16,6340492,6990.01%+492,699
AEHR TEST SYS(AEHR)015,400+15,4000463,6940.01%+463,694
ALLIANCEBERNSTEIN HLDG L P(AB)164,892188,256+23,3646,732,5407,195,1440.09%+462,604
PURE CYCLE CORP14,51150,531+36,020155,558559,3780.01%+403,820
IONIS PHARMACEUTICALS INC(IONS)11,95212,476+524472,224816,1800.01%+343,956
ABBVIE INC(ABBV)23,71020,353-3,3574,401,0504,712,5340.06%+311,484
EAGLE MATLS INC(EXP)20,16118,766-1,3954,074,7354,373,2060.05%+298,471
ISHARES SILVER TR(SLV)30,69030,586-1041,006,9391,295,9290.02%+288,990
GE AEROSPACE(GE)6,4976,479-181,672,2631,949,0130.02%+276,750
PIMCO NEW YORK MUN FD II037,634+37,6340261,5560.00%+261,556
BUNGE GLOBAL SA(BG)351,309350,083-1,22628,203,10728,444,2440.35%+241,137
PENSKE AUTOMOTIVE GRP INC(PAG)171,327170,610-71729,435,75829,670,7420.36%+234,984
BEAM THERAPEUTICS INC(BEAM)09,597+9,5970232,9190.00%+232,919
TRIPLE FLAG PRECIOUS METAL(TFPM)22,81126,413+3,602540,392772,8500.01%+232,458
ALNYLAM PHARMACEUTICALS INC(ALNY)2,7592,480-279899,6821,130,8800.01%+231,198
NORTHROP GRUMMAN CORP(NOC)0360+3600219,3550.00%+219,355
SEAPORT ENTMT GROUP INC53,26052,830-430993,2991,210,8640.01%+217,565
NEXTERA ENERGY INC(NEE)02,860+2,8600215,9010.00%+215,901
THERMO FISHER SCIENTIFIC INC(TMO)0438+4380212,4390.00%+212,439
BANK NEW YORK MELLON CORP12,06411,964-1001,099,1511,303,5970.02%+204,446
VANECK ETF TRUST9,3619,054-307487,326691,7150.01%+204,389
RB GLOBAL INC(RBA)110,030109,696-33411,684,03511,886,6620.14%+202,627
MADISON SQUARE GRDN SPRT COR(MSGS)24,83823,724-1,1145,189,9005,385,3480.07%+195,448
CRISPR THERAPEUTICS AG(CRSP)10,23910,682+443498,025692,3000.01%+194,275
LISTED FDS TR102,956101,299-1,6574,341,6694,527,5560.06%+185,887
SPDR GOLD TR(GLD)3,7553,743-121,144,6371,330,5240.02%+185,887
MADISON SQUARE GARDEN ENTMT(MSGE)36,35235,893-4591,452,9891,623,7990.02%+170,810
TRI POINTE HOMES INC86,16285,962-2002,752,8762,920,1290.04%+167,253
PROSHARES TR II(AGQ)24,34423,348-9961,037,0541,189,3470.01%+152,293
UNITED RENTALS INC(URI)7567560569,570721,7230.01%+152,153
NORFOLK SOUTHN CORP(NSC)3,2733,2730837,790983,2420.01%+145,452
ROYCE MICRO-CAP TR INC136,840134,227-2,6131,265,7701,394,6190.02%+128,849
BARRICK MNG CORP(B)10,60010,526-74220,692344,9520.00%+124,260
GE VERNOVA INC(GEV)1,5011,493-8794,254918,0460.01%+123,792
MARATHON PETE CORP(MPC)5,3955,270-125896,1631,015,7400.01%+119,577
INTELLIA THERAPEUTICS INC(NTLA)13,79214,396+604129,369248,6190.00%+119,250
GALECTIN THERAPEUTICS INC51,48453,742+2,258108,631227,5970.00%+118,966
CITIGROUP INC(C)7,0897,0890603,416719,5340.01%+116,118
STAR BULK CARRIERS CORP.(SBLK)49,55551,923+2,368854,825965,2500.01%+110,425
BWX TECHNOLOGIES INC(BWXT)2,6652,647-18383,920488,0270.01%+104,107
GRAYSCALE LITECOIN(ZCSH)015,173+15,173096,3490.00%+96,349
BROOKFIELD WEALTH SOL LTD21,74831,481+9,7331,343,5911,437,4000.02%+93,809
ISHARES GOLD TR(IAU)8,6908,6900541,908632,3710.01%+90,463
GRAYSCALE ETHEREUM CLASSIC(ETCG)70,68271,117+435583,126672,0560.01%+88,930
VANECK ETF TRUST3,6913,566-125850,089926,9390.01%+76,850
LENNAR CORP(LEN)5,3085,260-48587,118662,9700.01%+75,852
ENERGY RECOVERY INC28,44028,4400363,463438,5450.01%+75,082
GOLDMAN SACHS GROUP INC(GS)1,1931,140-53844,346907,8390.01%+63,493
AFFILIATED MANAGERS GROUP IN2,0851,978-107410,265471,6150.01%+61,350
ALKERMES PLC(ALKS)22,06623,033+967631,308690,9900.01%+59,682
BIOGEN INC(BIIB)3,0383,119+81381,542436,9100.01%+55,368
JOHNSON & JOHNSON(JNJ)19,30216,180-3,1222,948,4193,000,1420.04%+51,723
LOEWS CORP(L)5,4785,460-18502,113548,1290.01%+46,016
ASTRAZENECA PLC(AZN)11,95211,476-476835,206880,4390.01%+45,233
GRAYSCALE ETHEREUM TRUST ETF(ETHE)6,6835,376-1,307139,407184,2360.00%+44,829
NOVARTIS AG(NVS)12,14411,797-3471,469,5451,512,8470.02%+43,302
REGENERON PHARMACEUTICALS(REGN)705735+30370,125413,2680.01%+43,143
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