Horizon Kinetics 13F holdings, Q4 2008
Holdings as of December 31, 2008 · filings on SEC EDGAR · latest filing →
Horizon Kinetics disclosed 231 US equity positions worth $3.5bn in its Q4 2008 13F filing. The largest position was SPY at 10.1% of the reported book, followed by BROOKIFIELD ASSET MGMT and CEO. Against the Q3 2008 filing, it opened 5 new positions, added to 5 and reduced 40 among the top 50 holdings.
What did Horizon Kinetics own in Q4 2008? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2008 |
|---|---|---|---|---|---|---|---|
| 1 | SPY SPDR TR UTS | 10.1% | $356.2m | 3,977,162 | 1753% | added | |
| 2 | BROOKIFIELD ASSET MGMT | 5.2% | $184.0m | 12,053,473 | -30% | reduced | |
| 3 | CEO CNOOC LTD | 5.1% | $180.9m | 1,899,654 | -27% | reduced | |
| 4 | NYSE EURONEXT | 4.9% | $172.0m | 6,284,883 | -32% | reduced | |
| 5 | IMO IMPERIAL OIL LTD | Energy | 4.8% | $171.7m | 5,092,399 | -22% | reduced |
| 6 | TIME WARNER | 4.5% | $159.0m | 15,805,280 | – | new | |
| 7 | ENCANA | 4.4% | $154.4m | 3,320,969 | -20% | reduced | |
| 8 | LEUCADIA NATL | 4.3% | $152.6m | 7,716,467 | -42% | reduced | |
| 9 | BURLINGTON NTRN SANTA FE | 4.3% | $150.6m | 1,989,785 | – | new | |
| 10 | HUP HUANENG POWER | 3.5% | $124.1m | 4,253,498 | -35% | reduced | |
| 11 | NV ENERGY | 3.5% | $122.4m | 12,378,067 | – | new | |
| 12 | CCL CARNIVAL CORP | Consumer Cyclical | 3.1% | $108.2m | 4,449,342 | -26% | reduced |
| 13 | PM PHILIP MORRIS INTL | Consumer Defensive | 2.6% | $91.2m | 2,097,192 | 18% | added |
| 14 | RELIANT ENERGY | 2.6% | $91.1m | 15,774,611 | -38% | reduced | |
| 15 | ANGLO AMERICAN PLC | 2.6% | $90.5m | 7,791,772 | – | new | |
| 16 | UNP UNION PACIFIC | Industrials | 2.4% | $83.6m | 1,749,796 | -25% | reduced |
| 17 | LEGG MASON | 2.3% | $81.9m | 3,737,063 | -29% | reduced | |
| 18 | DIS DISNEY WALT CO | Communication Services | 2.1% | $73.2m | 3,227,200 | 3846% | added |
| 19 | EL PASO CORP | 2.0% | $72.6m | 9,271,700 | -39% | reduced | |
| 20 | MA MASTERCARD INC | Financial Services | 1.4% | $51.2m | 358,687 | -21% | reduced |
| 21 | CME CME GROUP | Financial Services | 1.3% | $47.3m | 226,714 | -24% | reduced |
| 22 | V VISA INC | Financial Services | 1.2% | $42.7m | 814,445 | -25% | reduced |
| 23 | CALPINE CORP | 1.0% | $34.2m | 4,695,904 | -45% | reduced | |
| 24 | IBN ICICI BK LTD | Financial Services | 0.9% | $33.2m | 1,725,278 | -28% | reduced |
| 25 | INTERCONTINENTAL EXCH | 0.9% | $32.5m | 394,589 | -28% | reduced | |
| 26 | CHINA LIFE INS | 0.9% | $32.2m | 694,987 | -16% | reduced | |
| 27 | SUNCOR ENERGY | 0.9% | $31.2m | 1,602,385 | -15% | reduced | |
| 28 | ICAHN ENTERPRISES LP | 0.9% | $30.2m | 1,142,739 | -17% | reduced | |
| 29 | NRG NRG ENERGY | Utilities | 0.8% | $29.6m | 1,272,885 | -20% | reduced |
| 30 | EXMOC EXXON MOBIL | 0.7% | $23.4m | 292,991 | -5% | reduced | |
| 31 | LVS LAS VEGAS SANDS | Consumer Cyclical | 0.7% | $23.1m | 3,902,519 | -24% | reduced |
| 32 | TIP ISHARES BARCLAYS TIPS ETF | 0.6% | $20.8m | 209,408 | 7% | added | |
| 33 | WASHINGTON POST | 0.6% | $20.2m | 51,939 | -42% | reduced | |
| 34 | BHP BHP BILLITON LTD | Basic Materials | 0.5% | $19.1m | 445,633 | -26% | reduced |
| 35 | PGR PROGRESSIVE CORP | Financial Services | 0.5% | $17.4m | 1,181,930 | -29% | reduced |
| 36 | PFE PFIZER | Healthcare | 0.5% | $17.1m | 965,463 | – | new |
| 37 | SEARS HLDGS CORP | 0.4% | $13.3m | 341,413 | -49% | reduced | |
| 38 | MBI MBIA INC | Financial Services | 0.4% | $13.2m | 3,240,185 | -60% | reduced |
| 39 | MIRANT | 0.4% | $12.9m | 682,287 | -30% | reduced | |
| 40 | NUVEEN PERF PLUS MUN FD ETF | 0.4% | $12.5m | 1,108,964 | -16% | reduced | |
| 41 | WFC WELLS FARGO | Financial Services | 0.3% | $12.0m | 409,122 | -1% | reduced |
| 42 | MTB M & T BANK | Financial Services | 0.3% | $12.0m | 210,064 | -19% | reduced |
| 43 | CNQ CANADIAN NAT RES | Energy | 0.3% | $11.6m | 291,228 | 194% | added |
| 44 | CMS CMS ENERGY | Utilities | 0.3% | $10.0m | 985,128 | -56% | reduced |
| 45 | BLACKSTONE GROUP | 0.3% | $9.9m | 1,522,195 | -24% | reduced | |
| 46 | CACI CACI INC | Technology | 0.3% | $9.9m | 220,170 | -59% | reduced |
| 47 | STUDENT LOAN CORP | 0.3% | $9.8m | 239,758 | -53% | reduced | |
| 48 | WMB WILLIAMS CO INC | Energy | 0.3% | $9.5m | 656,855 | -59% | reduced |
| 49 | BNY BANK NY MELLON | Financial Services | 0.3% | $9.3m | 330,109 | -50% | reduced |
| 50 | PENN WEST ENERGY | 0.3% | $9.2m | 980,325 | -26% | 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.