HORIZON KINETICS ASSET MANAGEMENT LLC
Comparing Q4 2025 vs Q3 2025
Sorting applies to all holdings for this quarter on the server, then the page is sliced. Prior-quarter values come from the full prior-quarter filing.
Issuer ▲▼ | Shares | Value ($K) | ||||
|---|---|---|---|---|---|---|
Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | |
| HAWAIIAN ELEC INDUSTRIES | 0 | 19,392,363 | +19,392,363 | 0 | 238,526,064 | +238,526,064 |
| MESABI TR | 0 | 3,027,698 | +3,027,698 | 0 | 116,626,909 | +116,626,909 |
| MIAMI INTL HLDGS INC | 0 | 1,819,798 | +1,819,798 | 0 | 80,762,635 | +80,762,635 |
| TRIPLE FLAG PRECIOUS METAL | 0 | 425,303 | +425,303 | 0 | 14,128,571 | +14,128,571 |
| ROYAL GOLD INC | 0 | 94,876 | +94,876 | 0 | 21,089,964 | +21,089,964 |
| DIGITALBRIDGE GROUP INC | 3,286,397 | 3,046,533 | -239,864 | 38,450,840 | 46,733,814 | +8,282,974 |
| ST JOE CO | 0 | 554,837 | +554,837 | 0 | 32,940,645 | +32,940,645 |
| WHITE MTNS INS GROUP LTD | 0 | 13,121 | +13,121 | 0 | 27,265,835 | +27,265,835 |
| WESTERN MIDSTREAM PARTNERS L | 0 | 134,085 | +134,085 | 0 | 5,296,357 | +5,296,357 |
| CAMECO CORP | 676,032 | 674,096 | -1,936 | 56,692,024 | 61,673,009 | +4,980,985 |
| CACI INTL INC | 160,665 | 158,591 | -2,074 | 80,136,489 | 84,498,870 | +4,362,381 |
| VANGUARD INDEX FDS | 0 | 25,889 | +25,889 | 0 | 5,413,844 | +5,413,844 |
| VANGUARD BD INDEX FDS | 0 | 342,542 | +342,542 | 0 | 17,072,293 | +17,072,293 |
| SPROTT INC | 0 | 214,626 | +214,626 | 0 | 21,016,201 | +21,016,201 |
| BUNGE GLOBAL SA | 350,083 | 348,994 | -1,089 | 28,444,244 | 31,088,428 | +2,644,184 |
| CBOE GLOBAL MKTS INC | 409,459 | 408,398 | -1,061 | 100,419,932 | 102,507,805 | +2,087,873 |
| LIBERTY ENERGY INC | 0 | 342,711 | +342,711 | 0 | 6,326,445 | +6,326,445 |
| SPHERE ENTERTAINMENT CO | 0 | 47,463 | +47,463 | 0 | 4,512,782 | +4,512,782 |
| CARNIVAL CORP | 961,734 | 957,548 | -4,186 | 27,803,730 | 29,243,515 | +1,439,785 |
| ELI LILLY & CO | 0 | 4,106 | +4,106 | 0 | 4,412,636 | +4,412,636 |
| ROYALTY PHARMA PLC | 0 | 353,361 | +353,361 | 0 | 13,653,874 | +13,653,874 |
| SAN JUAN BASIN RTY TR | 0 | 6,231,144 | +6,231,144 | 0 | 35,019,029 | +35,019,029 |
| BROADRIDGE FINL SOLUTIONS IN | 15,048 | 20,423 | +5,375 | 3,583,982 | 4,557,800 | +973,818 |
| FREEPORT-MCMORAN INC | 0 | 93,114 | +93,114 | 0 | 4,729,282 | +4,729,282 |
| FERMI INC | 0 | 108,701 | +108,701 | 0 | 869,608 | +869,608 |
| APYX MEDICAL CORPORATION | 615,000 | 615,000 | 0 | 1,316,100 | 2,152,500 | +836,400 |
| COSTAMARE INC | 227,100 | 221,950 | -5,150 | 2,704,761 | 3,504,590 | +799,829 |
| NASDAQ INC | 0 | 70,822 | +70,822 | 0 | 6,878,904 | +6,878,904 |
| MADISON SQUARE GRDN SPRT COR | 0 | 23,344 | +23,344 | 0 | 6,037,925 | +6,037,925 |
| ISHARES SILVER TR | 0 | 29,395 | +29,395 | 0 | 1,893,625 | +1,893,625 |
| METALLA RTY & STREAMING LTD | 0 | 404,397 | +404,397 | 0 | 3,146,208 | +3,146,208 |
| MERCK & CO INC | 0 | 28,147 | +28,147 | 0 | 2,962,719 | +2,962,719 |
| CHARLES RIV LABS INTL INC | 12,909 | 12,580 | -329 | 2,019,664 | 2,509,458 | +489,794 |
| CME GROUP INC | 276,773 | 275,611 | -1,162 | 74,781,211 | 75,263,913 | +482,702 |
| GRAYSCALE ZCASH | 0 | 15,173 | +15,173 | 0 | 477,039 | +477,039 |
| SPDR SERIES TRUST | 0 | 5,690 | +5,690 | 0 | 466,409 | +466,409 |
| VIPER ENERGY INC | 0 | 1,714,904 | +1,714,904 | 0 | 66,246,755 | +66,246,755 |
| BRISTOL-MYERS SQUIBB CO | 44,913 | 45,110 | +197 | 2,025,576 | 2,433,233 | +407,657 |
| LIBERTY LIVE HOLDINGS INC | 0 | 3,744 | +3,744 | 0 | 311,351 | +311,351 |
| LAS VEGAS SANDS CORP | 0 | 39,260 | +39,260 | 0 | 2,555,457 | +2,555,457 |
| MADISON SQUARE GARDEN ENTMT | 0 | 35,774 | +35,774 | 0 | 1,927,860 | +1,927,860 |
| JOHNSON & JOHNSON | 0 | 15,949 | +15,949 | 0 | 3,300,697 | +3,300,697 |
| TORONTO DOMINION BK ONT | 0 | 23,317 | +23,317 | 0 | 2,196,434 | +2,196,434 |
| ALLIANCEBERNSTEIN HLDG L P | 188,256 | 193,741 | +5,485 | 7,195,144 | 7,455,153 | +260,009 |
| VANGUARD TAX-MANAGED FDS | 0 | 4,110 | +4,110 | 0 | 256,751 | +256,751 |
| RIO TINTO PLC | 0 | 16,316 | +16,316 | 0 | 1,305,769 | +1,305,769 |
| ALPHABET INC | 3,301 | 3,258 | -43 | 803,959 | 1,022,360 | +218,401 |
| CISCO SYS INC | 40,691 | 38,941 | -1,750 | 2,784,078 | 2,999,625 | +215,547 |
| ALPHABET INC | 3,150 | 3,083 | -67 | 765,765 | 964,979 | +199,214 |
| CATERPILLAR INC | 5,182 | 4,617 | -565 | 2,472,591 | 2,644,940 | +172,349 |
| INVESCO EXCHANGE TRADED FD T | 0 | 3,411 | +3,411 | 0 | 653,426 | +653,426 |
| AFFILIATED MANAGERS GROUP IN | 1,978 | 2,195 | +217 | 471,615 | 632,774 | +161,159 |
| NUTRIEN LTD | 0 | 51,872 | +51,872 | 0 | 3,201,519 | +3,201,519 |
| RENN FD INC | 0 | 865,948 | +865,948 | 0 | 2,225,486 | +2,225,486 |
| REGENERON PHARMACEUTICALS | 0 | 705 | +705 | 0 | 544,168 | +544,168 |
| VANECK ETF TRUST | 0 | 10,621 | +10,621 | 0 | 1,208,457 | +1,208,457 |
| ASTRAZENECA PLC | 11,476 | 10,994 | -482 | 880,439 | 1,010,678 | +130,239 |
| IONIS PHARMACEUTICALS INC | 0 | 11,952 | +11,952 | 0 | 945,522 | +945,522 |
| GSK PLC | 0 | 24,892 | +24,892 | 0 | 1,220,703 | +1,220,703 |
| DANAHER CORPORATION | 4,497 | 4,416 | -81 | 891,575 | 1,010,910 | +119,335 |
| BARRICK MNG CORP | 10,526 | 10,547 | +21 | 344,952 | 459,332 | +114,380 |
| SPDR GOLD TR | 0 | 3,643 | +3,643 | 0 | 1,443,757 | +1,443,757 |
| CITIGROUP INC | 7,089 | 7,089 | 0 | 719,534 | 827,215 | +107,681 |
| PROSHARES TR II | 0 | 23,348 | +23,348 | 0 | 1,293,012 | +1,293,012 |
| NEWMONT CORP | 0 | 7,813 | +7,813 | 0 | 780,128 | +780,128 |
| RTX CORPORATION | 0 | 12,731 | +12,731 | 0 | 2,334,865 | +2,334,865 |
| VANDA PHARMACEUTICALS INC | 0 | 24,824 | +24,824 | 0 | 218,947 | +218,947 |
| BIOGEN INC | 3,119 | 2,988 | -131 | 436,910 | 525,858 | +88,948 |
| SEALED AIR CORP NEW | 0 | 33,750 | +33,750 | 0 | 1,398,262 | +1,398,262 |
| AMGEN INC | 2,597 | 2,498 | -99 | 732,873 | 817,620 | +84,747 |
| BANCO SANTANDER SA | 65,093 | 65,060 | -33 | 682,175 | 763,153 | +80,978 |
| REPLIMUNE GROUP INC | 0 | 13,792 | +13,792 | 0 | 134,058 | +134,058 |
| BANK NEW YORK MELLON CORP | 11,964 | 11,864 | -100 | 1,303,597 | 1,377,291 | +73,694 |
| CONSTELLATION BRANDS INC | 4,317 | 4,673 | +356 | 581,370 | 644,687 | +63,317 |
| ISHARES GOLD TR | 0 | 8,566 | +8,566 | 0 | 695,302 | +695,302 |
| OPENLANE INC | 0 | 71,548 | +71,548 | 0 | 2,130,699 | +2,130,699 |
| ROCKWELL AUTOMATION INC | 0 | 4,215 | +4,215 | 0 | 1,639,930 | +1,639,930 |
| NOVARTIS AG | 0 | 11,394 | +11,394 | 0 | 1,570,890 | +1,570,890 |
| VANECK ETF TRUST | 0 | 8,673 | +8,673 | 0 | 743,868 | +743,868 |
| TETRA TECHNOLOGIES INC DEL | 0 | 13,600 | +13,600 | 0 | 127,432 | +127,432 |
| NUVEEN AMT FREE QLTY MUN INC | 0 | 295,249 | +295,249 | 0 | 3,433,745 | +3,433,745 |
| VANGUARD INDEX FDS | 0 | 2,944 | +2,944 | 0 | 1,846,270 | +1,846,270 |
| VANECK ETF TRUST | 0 | 3,415 | +3,415 | 0 | 972,566 | +972,566 |
| SPROTT ASSET MANAGEMENT LP | 0 | 16,262 | +16,262 | 0 | 536,971 | +536,971 |
| SONOCO PRODS CO | 0 | 30,613 | +30,613 | 0 | 1,335,967 | +1,335,967 |
| NUVEEN QUALITY MUNCP INCOME | 0 | 161,977 | +161,977 | 0 | 1,946,967 | +1,946,967 |
| THERMO FISHER SCIENTIFIC INC | 0 | 438 | +438 | 0 | 253,799 | +253,799 |
| LISTED FDS TR | 0 | 156,000 | +156,000 | 0 | 4,713,884 | +4,713,884 |
| ALPS ETF TR | 59,674 | 60,307 | +633 | 2,800,501 | 2,835,635 | +35,134 |
| AMERICAN EXPRESS CO | 655 | 675 | +20 | 217,565 | 249,716 | +32,151 |
| INTERNATIONAL BUSINESS MACHS | 0 | 3,710 | +3,710 | 0 | 1,098,939 | +1,098,939 |
| QUALCOMM INC | 0 | 6,234 | +6,234 | 0 | 1,066,325 | +1,066,325 |
| LOEWS CORP | 0 | 5,460 | +5,460 | 0 | 574,992 | +574,992 |
| GE AEROSPACE | 0 | 6,409 | +6,409 | 0 | 1,974,164 | +1,974,164 |
| GE VERNOVA INC | 0 | 1,443 | +1,443 | 0 | 943,101 | +943,101 |
| BEAM THERAPEUTICS INC | 9,597 | 9,194 | -403 | 232,919 | 254,857 | +21,938 |
| GREENBRIER COS INC | 0 | 8,700 | +8,700 | 0 | 406,638 | +406,638 |
| SCIENCE APPLICATIONS INTL CO | 0 | 52,662 | +52,662 | 0 | 5,300,956 | +5,300,956 |
| SPDR S&P 500 ETF TR | 0 | 1,294 | +1,294 | 0 | 882,404 | +882,404 |
| MOVADO GROUP INC | 0 | 12,000 | +12,000 | 0 | 247,440 | +247,440 |