Horizon Kinetics 13F holdings, Q1 2026
Holdings as of March 31, 2026 · filings on SEC EDGAR · latest filing →
Horizon Kinetics disclosed 351 US equity positions worth $9.2bn in its Q1 2026 13F filing. The largest position was TPL at 51.5% of the reported book, followed by GBTC and LB. Against the Q4 2025 filing, it opened 0 new positions, added to 9 and reduced 28 among the top 50 holdings.
What did Horizon Kinetics own in Q1 2026? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2025 |
|---|---|---|---|---|---|---|---|
| 1 | TPL TEXAS PACIFIC LAND CORPORATI | Energy | 51.5% | $4.8bn | 10,015,379 | -3% | reduced |
| 2 | GBTC GRAYSCALE BITCOIN TRUST ETF | 8.0% | $738.9m | 14,004,882 | -1% | reduced | |
| 3 | LB LANDBRIDGE COMPANY LLC | 4.2% | $390.6m | 5,657,134 | 0% | held | |
| 4 | HE HAWAIIAN ELEC INDS INC MTN B | Utilities | 3.5% | $321.1m | 21,635,294 | 12% | added |
| 5 | WPM WHEATON PRECIOUS METALS CORP | Basic Materials | 2.5% | $230.8m | 1,761,519 | -29% | reduced |
| 6 | WATERBRIDGE INFRASTRUCTURE L | 2.1% | $196.7m | 7,342,147 | 7% | added | |
| 7 | FNV FRANCO NEV CORP | Basic Materials | 2.0% | $187.1m | 757,297 | -22% | reduced |
| 8 | PERMIAN BASIN RTY TR | 1.5% | $137.3m | 6,379,692 | 3% | added | |
| 9 | MIAMI INTL HLDGS INC | 1.5% | $134.3m | 3,451,549 | 90% | added | |
| 10 | ICE INTERCONTINENTAL EXCHANGE IN | Financial Services | 1.4% | $131.9m | 838,899 | 1% | added |
| 11 | LNG CHENIERE ENERGY INC | Energy | 1.3% | $119.3m | 420,328 | -9% | reduced |
| 12 | CBOE CBOE GLOBAL MKTS INC | Financial Services | 1.2% | $115.3m | 410,066 | 0% | held |
| 13 | MESABI TR | 1.1% | $98.9m | 3,140,972 | 4% | added | |
| 14 | GRAYSCALE BITCOIN MINI TR ET | 1.0% | $90.1m | 3,004,416 | 0% | held | |
| 15 | CACI CACI INTL INC | Technology | 0.9% | $84.1m | 154,648 | -2% | reduced |
| 16 | CME CME GROUP INC | Financial Services | 0.9% | $79.8m | 270,253 | -2% | reduced |
| 17 | VNOM VIPER ENERGY INC | Energy | 0.8% | $78.1m | 1,662,641 | -3% | reduced |
| 18 | CCJ CAMECO CORP | Energy | 0.8% | $70.8m | 651,825 | -3% | reduced |
| 19 | OR OR ROYALTIES INC. | Basic Materials | 0.7% | $66.7m | 1,754,144 | -3% | reduced |
| 20 | BN BROOKFIELD CORP | Financial Services | 0.7% | $63.6m | 1,571,936 | -1% | reduced |
| 21 | CVEO CIVEO CORP CDA | 0.7% | $62.2m | 2,352,353 | -4% | reduced | |
| 22 | AN AUTONATION INC | Consumer Cyclical | 0.5% | $43.9m | 225,053 | -12% | reduced |
| 23 | BG BUNGE GLOBAL SA | Consumer Defensive | 0.5% | $42.9m | 336,944 | -3% | reduced |
| 24 | TRC TEJON RANCH CO | 0.4% | $35.8m | 1,902,606 | -1% | reduced | |
| 25 | HORIZON KINETICS HLDG CORP COM | 0.4% | $35.5m | 1,075,416 | 0% | held | |
| 26 | JOE ST JOE CO | Real Estate | 0.4% | $34.1m | 542,609 | -2% | reduced |
| 27 | SAN JUAN BASIN RTY TR | 0.4% | $33.6m | 6,978,841 | 12% | added | |
| 28 | IBIT ISHARES BITCOIN TRUST ETF | 0.3% | $30.5m | 793,343 | -0% | held | |
| 29 | SII SPROTT INC | Financial Services | 0.3% | $29.6m | 206,997 | -4% | reduced |
| 30 | WHITE MTNS INS GROUP LTD | 0.3% | $28.8m | 13,112 | -0% | held | |
| 31 | MRSH MARSH & MCLENNAN COS INC | Financial Services | 0.3% | $26.3m | 151,341 | -3% | reduced |
| 32 | CCL CARNIVAL CORP | Consumer Cyclical | 0.3% | $24.8m | 957,653 | 0% | held |
| 33 | LYV LIVE NATION ENTERTAINMENT IN | Communication Services | 0.3% | $24.0m | 157,169 | -7% | reduced |
| 34 | DORCHESTER MINERALS L P | 0.3% | $23.3m | 860,226 | -2% | reduced | |
| 35 | GLXY GALAXY DIGITAL INC. | Financial Services | 0.3% | $23.1m | 1,250,969 | 0% | held |
| 36 | PAG PENSKE AUTOMOTIVE GRP INC | Consumer Cyclical | 0.2% | $21.3m | 142,507 | -16% | reduced |
| 37 | BRK/B BERKSHIRE HATHAWAY INC DEL | 0.2% | $18.2m | 38,033 | 0% | held | |
| 38 | RBA RB GLOBAL INC | Industrials | 0.2% | $17.9m | 186,731 | 73% | added |
| 39 | MSTR STRATEGY INC | Technology | 0.2% | $17.4m | 139,253 | -0% | held |
| 40 | OSK OSHKOSH CORP | Industrials | 0.2% | $17.0m | 115,789 | -0% | held |
| 41 | VUSB VANGUARD BD INDEX FDS | 0.2% | $16.9m | 339,054 | -1% | reduced | |
| 42 | RPRX ROYALTY PHARMA PLC | Healthcare | 0.2% | $16.3m | 340,783 | -4% | reduced |
| 43 | DBRG DIGITALBRIDGE GROUP INC | Financial Services | 0.2% | $14.5m | 939,380 | -69% | reduced |
| 44 | TRIPLE FLAG PRECIOUS METAL | 0.2% | $14.4m | 413,430 | -3% | reduced | |
| 45 | RCL ROYAL CARIBBEAN GROUP | Consumer Cyclical | 0.2% | $14.2m | 51,698 | -2% | reduced |
| 46 | IPAR INTERPARFUMS INC | Consumer Defensive | 0.1% | $12.6m | 138,333 | -0% | held |
| 47 | HHH HOWARD HUGHES HOLDINGS INC | Real Estate | 0.1% | $12.4m | 196,410 | -33% | reduced |
| 48 | RGLD ROYAL GOLD INC | Basic Materials | 0.1% | $12.0m | 47,142 | -50% | reduced |
| 49 | WMB WILLIAMS COS INC | Energy | 0.1% | $10.1m | 138,301 | 1% | added |
| 50 | MA MASTERCARD INCORPORATED | Financial Services | 0.1% | $9.8m | 19,516 | -0% | held |
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.