Horizon Kinetics Asset Management
Horizon Kinetics Asset Management reported 350 stocks worth $8.8B in its 13F filing for Q2 2026, filed Aug 11, 2026. Its largest holdings are TPL (48.6%), GBTC (6.3%) and LB (5.2%). Compared with Q1 2026, the fund opened new positions in WHK, EROK and CCL, added to LB, HE and MIAX, trimmed TPL, GBTC and WPM and sold out of BOXX, CMSG and PTEN.
Holdings
| # | Stock | Value | Weight | Shares | Change | Shares, 8 qtrs | Held |
|---|---|---|---|---|---|---|---|
| 1 |  TPL Texas Pacific Land C | $4.3B | 48.6% | 9.8M | −212K (−2%) | 8 of 8 | |
| 2 |  GBTC Grayscale Bitcoin Trust | $553M | 6.3% | 12.1M | −1.9M (−13%) | 8 of 8 | |
| 3 |  LB Landbridge Company LLC | $461M | 5.2% | 5.8M | +164K (+3%) | 8 of 8 | |
| 4 |  HE Hawaiian Elec Industries | $303M | 3.4% | 22.4M | +760K (+4%) | 7 of 8 | |
| 5 |  MIAX Miami Intl Hldgs Inc | $291M | 3.3% | 7.8M | +4.4M (+127%) | 4 of 8 | |
| 6 |  WBI Waterbridge Infrastructure L | $262M | 3.0% | 7.7M | +308K (+4%) | 4 of 8 | |
| 7 |  WPM Wheaton Precious Metals Corp | $189M | 2.1% | 1.7M | −75K (−4%) | 8 of 8 | |
| 8 |  PBT Permian Basin Rty TR Unit Ben Int | $169M | 1.9% | 6.7M | +350K (+5%) | 8 of 8 | |
| 9 |  FNV Franco Nev Corp | $161M | 1.8% | 773K | +16K (+2%) | 8 of 8 | |
| 10 |  BTC Grayscale Bitcoin Mini | $157M | 1.8% | 6.1M | +3.1M (+102%) | 7 of 8 |
Positions at Jun 30, 2026, as reported. Change is against the fund's Q1 2026 filing; weight is the share of the fund's reported stocks.
Sold out
held in Q1 2026, gone in Q2 2026| Stock | Value last quarter | Shares sold |
|---|---|---|
CARNIVAL CORP COMMON PAIRED STOCK | $24.8M | 958K |
 BOXX EA Series Trust | $5.5M | 47K |
 CMSG Consensus Mining & Seigniorage Corp Com | $4.3M | 165K |
TRI POINTE HOMES INC | $4M | 86K |
 PTEN Patterson-Uti Energy Inc | $2.8M | 259K |
🔒 Free account: see all 21.
Options
valued at the underlying shares| Stock | Type | Value | Shares | Change |
|---|---|---|---|---|
IPATH SERIES B S&P | Call | $4K | 19K | +18,600 |
Reported value
last 8 quartersThe value of the US stocks the fund reported, at quarter end prices. It moves with the market as well as with buying and selling.
Filings for Q2 2026
straight from the SEC| Filed | Form | Quarter | |
|---|---|---|---|
| Aug 11, 2026 | 13F-HR | Q2 2026 | SEC filing ↗ |
Other superinvestors
All hedge fund holdings →Horizon Kinetics Asset Management 13F FAQ
What does Horizon Kinetics Asset Management own?
Horizon Kinetics Asset Management reported 350 stocks worth $8.8B in its 13F filing for Q2 2026, filed Aug 11, 2026. Its largest holdings are TPL (48.6%), GBTC (6.3%) and LB (5.2%). The table above lists every position in the filing (the top 10 without an account).
What did Horizon Kinetics Asset Management buy and sell in Q2 2026?
Compared with Q1 2026: 20 new positions, 66 added to, 161 trimmed and 21 sold out. New positions include WHK, EROK and CCL. It sold all of BOXX, CMSG and PTEN.
When will Horizon Kinetics Asset Management file its next 13F?
Holdings as of Sep 30, 2026 are due by Nov 16, 2026. The filing appears on this page within minutes of reaching the SEC.
How much is Horizon Kinetics Asset Management's portfolio worth?
The Q2 2026 filing reports $8.8B in US stocks. That leaves out cash, bonds, short positions and most foreign holdings, so the fund's total assets are usually larger.
For informational and educational purposes only. Not investment advice, and not a recommendation to buy or sell any security. Holdings come from the fund's SEC Form 13F filings as reported and show positions at the end of the quarter, up to 45 days before the filing. The fund may have changed its positions since. A 13F leaves out short positions, cash, bonds and most foreign holdings. See all hedge fund holdings.