§ 13F · FUND PROFILE
HORIZON KINETICS ASSET MANAGEMENT LLC.
Institutional filer · behavioral pattern: Other. Summary pending.
AUM · $8433.2T (13F)Positions · 352Turnover · — · Q4Filed · Feb 11, 2026
CONCENTRATION
—
Top 10 holdings
NEW BUYS
0
+$7394.4T deployed
EXITS
0
No exits
SECTOR SHIFT
—
No prior quarter data
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q4 2025
FILED FEB 11, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q4 |
|---|---|---|---|---|---|---|
| 1 | TPL | TEXAS PACIFIC LAND CORPORATI | 10.33M | $2968.1T | 40.1% | NEW |
| 2 | GBTC | GRAYSCALE BITCOIN TRUST ETF | 14.11M | $964.8T | 13.0% | NEW |
| 3 | WPM | WHEATON PRECIOUS METALS CORP | 2.49M | $293.0T | 4.0% | NEW |
| 4 | LB | LANDBRIDGE COMPANY LLC | 5.64M | $276.4T | 3.7% | NEW |
| 5 | HE | HAWAIIAN ELEC INDUSTRIES | 19.39M | $238.5T | 3.2% | NEW |
| 6 | FNV | FRANCO NEV CORP | 968K | $200.7T | 2.7% | NEW |
| 7 | WBI | WATERBRIDGE INFRASTRUCTURE L | 6.84M | $136.8T | 1.9% | NEW |
| 8 | ICE | INTERCONTINENTAL EXCHANGE IN | 831K | $134.6T | 1.8% | NEW |
| 9 | MSB | MESABI TR | 3.03M | $116.6T | 1.6% | NEW |
| 10 | BTC | GRAYSCALE BITCOIN MINI TR ET | 3.00M | $116.1T | 1.6% | NEW |
§ 02 · SECTOR ALLOCATION
Where the money is
Sector data pending
§ 03 · THE HORIZON SIGNAL
AC read
HORIZON KINETICS ASSET MANAGEMENT LLC is a Other fund managing $8433163.2 trillion in assets. The fund runs a broad portfolio of 352 positions.
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
2 FILINGS
Q4 2025
Steady book
+0 buys · −0 exits · 0 changed
Q2 2025
Steady book
+0 buys · −0 exits · 0 changed