Horizon Kinetics 13F holdings, Q2 2008
Holdings as of June 30, 2008 · filings on SEC EDGAR · latest filing →
Horizon Kinetics disclosed 221 US equity positions worth $9.0bn in its Q2 2008 13F filing. The largest position was LEUCADIA NATL CORP at 9.2% of the reported book, followed by NDAQ and BROOKFIELD ASSET MGT. Against the Q3 2007 filing, it opened 11 new positions, added to 32 and reduced 7 among the top 50 holdings.
What did Horizon Kinetics own in Q2 2008? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2007 |
|---|---|---|---|---|---|---|---|
| 1 | LEUCADIA NATL CORP | 9.2% | $826.2m | 17,601,320 | – | new | |
| 2 | NDAQ NASDAQ STOCK MKT | Financial Services | 7.2% | $646.8m | 24,361,038 | – | new |
| 3 | BROOKFIELD ASSET MGT | 7.0% | $632.4m | 19,433,393 | – | new | |
| 4 | NYSE EURONEXT INC | 6.8% | $615.7m | 12,154,176 | 11% | added | |
| 5 | EL PASO CORP | 6.8% | $612.5m | 28,175,249 | 12% | added | |
| 6 | CEO CNOOC LTD | 5.8% | $518.5m | 2,988,074 | 12% | added | |
| 7 | ENCANA CORP | 5.0% | $455.3m | 5,006,839 | 283% | added | |
| 8 | IMO IMPERIAL OIL LTD | Energy | 4.9% | $440.7m | 8,004,890 | 16% | added |
| 9 | BNY BANK NEW YORK MELLON | Financial Services | 4.7% | $422.9m | 11,180,213 | 1489% | added |
| 10 | LEGG MASON INC | 2.9% | $259.1m | 5,946,435 | 203% | added | |
| 11 | HUP HUANENG PWR INTL | 2.7% | $240.4m | 8,694,450 | 15% | added | |
| 12 | CALPINE CORP | 2.6% | $234.7m | 10,404,060 | – | new | |
| 13 | CME CME GROUP INC | Financial Services | 2.5% | $224.4m | 585,667 | – | new |
| 14 | PGR PROGRESSIVE CORP | Financial Services | 2.5% | $221.8m | 11,847,806 | 15% | added |
| 15 | FEDERAL NATL MTG ASSN | 2.4% | $216.3m | 11,086,792 | 730% | added | |
| 16 | LVS LAS VEGAS SANDS | Consumer Cyclical | 2.2% | $198.2m | 4,178,544 | 27% | added |
| 17 | BEN FRANKLIN RES INC | Financial Services | 2.2% | $197.9m | 2,159,530 | 4037% | added |
| 18 | UNP UNION PACIFIC CORP | Industrials | 1.9% | $169.3m | 2,242,620 | 53372% | added |
| 19 | PWR QUANTA SERVICES | Industrials | 1.6% | $140.2m | 4,214,386 | 17% | added |
| 20 | ANGLO AMERICAN PLC | 1.2% | $107.9m | 3,043,444 | – | new | |
| 21 | ICAHN ENTERPRISES LP UNIT | 1.2% | $104.4m | 1,484,584 | 18% | added | |
| 22 | WMB WILLIAMS CO INC | Energy | 0.9% | $78.4m | 1,944,983 | 13% | added |
| 23 | IBN ICICI BK LTD | Financial Services | 0.9% | $77.6m | 2,698,100 | 27% | added |
| 24 | INTERCONTINENTALEXCHANGE | 0.8% | $76.2m | 668,011 | – | new | |
| 25 | CHINA LIFE INS CO LTD | 0.8% | $69.3m | 1,327,728 | 101% | added | |
| 26 | STUDENT LOAN CORP | 0.8% | $68.8m | 701,178 | -28% | reduced | |
| 27 | CMS CMS ENERGY CORP | Utilities | 0.7% | $62.4m | 4,185,513 | 14% | added |
| 28 | FRMO CORP | 0.7% | $60.4m | 6,958,794 | 6% | added | |
| 29 | SEARS HOLDINGS CORP | 0.6% | $57.7m | 783,051 | 26% | added | |
| 30 | WASHINGTON POST | 0.6% | $57.2m | 97,386 | -60% | reduced | |
| 31 | PENN WEST ENERGY TR | 0.6% | $52.8m | 1,559,737 | -27% | reduced | |
| 32 | BLACKSTONE GROUP | 0.6% | $50.3m | 2,760,213 | 11212% | added | |
| 33 | MIRANT CORP NEW | 0.5% | $46.8m | 1,195,339 | 3% | added | |
| 34 | LEHMAN BROS INC | 0.5% | $41.9m | 2,116,185 | 46% | added | |
| 35 | PM PHILIP MORRIS INTL | Consumer Defensive | 0.4% | $33.5m | 678,348 | – | new |
| 36 | STT STATE STREET CORP | Financial Services | 0.4% | $32.1m | 502,041 | 23% | added |
| 37 | WYNN WYNN RESORTS | Consumer Cyclical | 0.3% | $31.2m | 383,599 | 50% | added |
| 38 | MA MASTERCARD INC | Financial Services | 0.3% | $30.5m | 114,991 | -89% | reduced |
| 39 | TEXAS PAC LD TR SUB SH CTF | 0.3% | $30.3m | 569,706 | – | new | |
| 40 | CACI CACI INTL INC | Technology | 0.3% | $28.5m | 623,401 | 20% | added |
| 41 | EXMOC EXXON MOBIL CORP | 0.3% | $28.0m | 318,160 | -3% | reduced | |
| 42 | VNO VORNADO RLTY TR | Real Estate | 0.3% | $25.7m | 292,604 | 22% | added |
| 43 | CNQ CANADIAN NATURAL RES LTD | Energy | 0.3% | $25.2m | 251,256 | 26% | added |
| 44 | KOREA ELECTRIC PWR | 0.3% | $24.3m | 1,669,498 | -68% | reduced | |
| 45 | JPM JPMORGAN CHASE & CO | Financial Services | 0.2% | $19.4m | 566,345 | 11378% | added |
| 46 | FOREST CITY ENTERPRISES | 0.2% | $19.2m | 595,908 | 12% | added | |
| 47 | MTB M&T BANK CORPORATION | Financial Services | 0.2% | $18.4m | 261,370 | 14% | added |
| 48 | SOTHEBYS HLDGS INC | 0.2% | $18.4m | 695,926 | – | new | |
| 49 | NUVEEN PERF PLUS MUN FD | 0.2% | $16.2m | 1,244,577 | – | new | |
| 50 | LEUCADIA NATL CV 3.75% 2014 Deb | 0.2% | $14.5m | 6,765,000 | -15% | reduced |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.