Horizon Kinetics 13F holdings, Q3 2008
Holdings as of September 30, 2008 · filings on SEC EDGAR · latest filing →
Horizon Kinetics disclosed 246 US equity positions worth $6.2bn in its Q3 2008 13F filing. The largest position was LEUCADIA NATIONAL Cmnstk at 9.7% of the reported book, followed by BROOKFIELD ASSET MGMT Cmnstk and NYSE EURONEXT Cmnstk. Against the Q2 2008 filing, it opened 11 new positions, added to 9 and reduced 29 among the top 50 holdings.
What did Horizon Kinetics own in Q3 2008? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2008 |
|---|---|---|---|---|---|---|---|
| 1 | LEUCADIA NATIONAL Cmnstk | 9.7% | $598.9m | 13,218,958 | -25% | reduced | |
| 2 | BROOKFIELD ASSET MGMT Cmnstk | 7.6% | $469.2m | 17,113,973 | -12% | reduced | |
| 3 | NYSE EURONEXT Cmnstk | 5.9% | $360.5m | 9,208,529 | -24% | reduced | |
| 4 | CEO CNOOC LTD | 4.9% | $299.6m | 2,617,967 | -12% | reduced | |
| 5 | IMO IMPERIAL OIL LTD Cmnstk | Energy | 4.5% | $278.9m | 6,546,797 | -18% | reduced |
| 6 | ENCANA CORP Cmnstk | 4.4% | $273.1m | 4,155,712 | -17% | reduced | |
| 7 | SIERRA PACIFIC Cmnstk | 3.7% | $227.3m | 23,870,276 | – | new | |
| 8 | CCL CARNIVAL CORP NEW Cmnstk | Consumer Cyclical | 3.5% | $213.2m | 6,032,462 | 5912% | added |
| 9 | LEGG MASON Cmnstk | 3.2% | $199.3m | 5,246,275 | -12% | reduced | |
| 10 | EL PASO CORP Cmnstk | 3.1% | $193.9m | 15,294,112 | -46% | reduced | |
| 11 | RELIANT ENERGY Cmnstk | 3.1% | $188.1m | 25,629,720 | – | new | |
| 12 | LVS LAS VEGAS SANDS Cmnstk | Consumer Cyclical | 3.0% | $186.2m | 5,167,849 | 24% | added |
| 13 | HUP HUANENG PWR INTL | 2.8% | $173.5m | 6,536,246 | -25% | reduced | |
| 14 | BEN FRANKLIN RES Cmnstk | Financial Services | 2.7% | $168.7m | 5,282,840 | 145% | added |
| 15 | UNP UNION PACIFIC Cmnstk | Industrials | 2.7% | $166.0m | 2,332,956 | 4% | added |
| 16 | CALPINE CORP Cmnstk | 1.8% | $111.2m | 8,591,597 | -17% | reduced | |
| 17 | CME CME GROUP Cmnstk | Financial Services | 1.8% | $109.7m | 297,465 | -49% | reduced |
| 18 | ANGLO AMERICAN PLC | 1.6% | $98.3m | 5,931,942 | – | new | |
| 19 | MBI MBIA INC Cmnstk | Financial Services | 1.5% | $95.2m | 8,106,230 | – | new |
| 20 | PM PHILIP MORRIS INTL Cmnstk | Consumer Defensive | 1.4% | $84.8m | 1,773,938 | 162% | added |
| 21 | MA MASTERCARD A Cmnstk | Financial Services | 1.3% | $80.8m | 456,729 | 297% | added |
| 22 | SUNCOR ENERGY Cmnstk | 1.3% | $79.7m | 1,893,414 | – | new | |
| 23 | CNP CENTERPOINT ENERGY Cmnstk | Utilities | 1.2% | $73.6m | 5,052,705 | – | new |
| 24 | V VISA | Financial Services | 1.1% | $66.9m | 1,089,712 | 20629% | added |
| 25 | SEARS HOLDINGS Cmnstk | 1.0% | $62.3m | 675,433 | -14% | reduced | |
| 26 | ICAHN ENTERPRISES LP | 1.0% | $59.0m | 1,382,278 | -7% | reduced | |
| 27 | IBN ICIC BANK LTD | Financial Services | 0.9% | $56.5m | 2,402,007 | -11% | reduced |
| 28 | WASHINGTON POST Cmnstk | 0.8% | $49.1m | 89,489 | -8% | reduced | |
| 29 | CHINA NETCOM | 0.8% | $49.0m | 1,090,592 | 5063% | added | |
| 30 | STUDENT LOAN Cmnstk | 0.8% | $47.8m | 513,486 | -27% | reduced | |
| 31 | CHINA LIFE INS CO | 0.7% | $45.8m | 823,544 | -38% | reduced | |
| 32 | INTERCONTINENTAL EXCH Cmnstk | 0.7% | $44.2m | 549,805 | -18% | reduced | |
| 33 | NRG NRG ENERGY Cmnstk | Utilities | 0.6% | $39.2m | 1,586,979 | – | new |
| 34 | WMB WILLIAMS COS Cmnstk | Energy | 0.6% | $37.4m | 1,612,718 | -17% | reduced |
| 35 | PENN WEST ENERGY Cmnstk | 0.5% | $31.9m | 1,323,541 | -15% | reduced | |
| 36 | BHP BHP BILLITON LTD | Basic Materials | 0.5% | $31.4m | 603,826 | – | new |
| 37 | BLACKSTONE GROUP LP Cmnstk | 0.5% | $30.8m | 2,009,379 | -27% | reduced | |
| 38 | FOREST CITY ENT A Cmnstk | 0.5% | $30.2m | 989,439 | 66% | added | |
| 39 | RIO RIO TINTO PLC Cmnstk | Basic Materials | 0.5% | $29.8m | 119,265 | – | new |
| 40 | PGR PROGRESSIVE CORP Cmnstk | Financial Services | 0.5% | $28.9m | 1,661,714 | -86% | reduced |
| 41 | WYNN WYNN RESORTS LTD Cmnstk | Consumer Cyclical | 0.5% | $28.7m | 356,897 | -7% | reduced |
| 42 | CMS CMS ENERGY CORP Cmnstk | Utilities | 0.4% | $27.7m | 2,257,035 | -46% | reduced |
| 43 | CACI CACI INTL INC | Technology | 0.4% | $26.4m | 539,138 | -14% | reduced |
| 44 | SPY SPDR TR UNIT SER 1 Cmnstk | 0.4% | $24.9m | 214,637 | – | new | |
| 45 | EXMOC EXXON MOBIL Cmnstk | 0.4% | $24.1m | 309,861 | -3% | reduced | |
| 46 | MTB M&T BANK CORP Cmnstk | Financial Services | 0.4% | $23.3m | 260,899 | -0% | held |
| 47 | BNY BANK NY MELLON Cmnstk | Financial Services | 0.3% | $21.5m | 659,497 | -94% | reduced |
| 48 | TIP ISHARES TR U S TIP Cmnstk | 0.3% | $19.7m | 194,800 | – | new | |
| 49 | TEXAS PACIFIC LAND Cmnstk | 0.3% | $19.2m | 514,889 | -10% | reduced | |
| 50 | MIRANT CORP Cmnstk | 0.3% | $17.8m | 977,388 | -18% | 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.