HORIZON KINETICS ASSET MANAGEMENT LLC Q1 2025 Filing
Filed May 15, 2025
Portfolio Value
$8.8T
Holdings
347
Report Date
Q1 2025
Filing Type
13F-HR
All Holdings (347 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | TPLTEXAS PACIFIC LAND CORP | 3,595,090 | $4.8T | 54.04% | |
| 2 | GBTCGRAYSCALE BITCOIN | 14,696,513 | $957.8B | 10.87% | |
| 3 | LBLANDBRIDGE COMPANY LLC | 5,486,957 | $394.7B | 4.48% | |
| 4 | WPMWHEATON PRECIOUS METALS CORP | 2,956,694 | $229.5B | 2.60% | |
| 5 | FNVFRANCO NEVADA CORP | 1,016,774 | $160.2B | 1.82% | |
| 6 | ICEINTERCONTINENTAL EXCHANGE INC | 818,261 | $141.2B | 1.60% | |
| 7 | HEHAWAIIAN ELEC INDUSTRIES | 12,657,000 | $138.6B | 1.57% | |
| 8 | LNGCHENIERE ENERGY INC | 484,096 | $112.0B | 1.27% | |
| 9 | BTCGRAYSCALE BITCOIN MINI TR ET | 3,060,636 | $111.7B | 1.27% | |
| 10 | CBOECBOE GLOBAL MARKETS INC | 418,256 | $94.6B | 1.07% | |
| 11 | MSBMESABI TR | 2,901,695 | $78.9B | 0.90% | |
| 12 | VNOMUSDVIPER ENERGY INC | 1,612,439 | $72.8B | 0.83% | |
| 13 | CA8ACACI INTL INC | 189,652 | $69.6B | 0.79% | |
| 14 | CVEOCIVEO CORP | 2,971,543 | $68.3B | 0.78% | |
| 15 | BNBROOKFIELD CORP | 1,210,885 | $63.5B | 0.72% | |
| 16 | ARISUSDARIS WATER SOLUTIONS INC | 1,464,286 | $46.9B | 0.53% | |
| 17 | MIGAMICROSTRATEGY INC | 161,495 | $46.6B | 0.53% | |
| 18 | ANAUTONATION INC | 280,493 | $45.4B | 0.52% | |
| 19 | LYVLIVE NATION ENTERTAINMENT INC | 325,976 | $42.6B | 0.48% | |
| 20 | PBTPERMIAN BASIN RTY TR | 4,134,327 | $41.0B | 0.46% | |
| 21 | IBITISHARES BITCOIN TRUST | 870,320 | $40.7B | 0.46% | |
| 22 | MRSHMARSH & MCLENNAN COS INC | 148,593 | $36.3B | 0.41% | |
| 23 | OREUROSISKO GOLD ROYALTIES LTD | 1,703,037 | $36.0B | 0.41% | |
| 24 | ACGPASSOCIATED CAP GROUP INC | 907,945 | $34.8B | 0.39% | |
| 25 | CMECME GROUP INC | 128,253 | $34.0B | 0.39% | |
| 26 | HHHHOWARD HUGHES HOLDINGS INC | 437,006 | $32.4B | 0.37% | |
| 27 | DBRGDIGITALBRIDGE GROUP INC | 3,445,977 | $30.4B | 0.34% | |
| 28 | AYS1SANDSTORM GOLD LTD | 3,672,796 | $27.7B | 0.31% | |
| 29 | DMLPDORCHESTER MINERALS LP | 912,463 | $27.4B | 0.31% | |
| 30 | PAGPENSKE AUTOMOTIVE GRP INC | 184,863 | $26.6B | 0.30% | |
| 31 | CCOCAMECO CORP | 632,707 | $26.0B | 0.30% | |
| 32 | JOETHE SAINT JOE CO | 550,339 | $25.8B | 0.29% | |
| 33 | BGBUNGE GLOBAL SA | 328,171 | $25.1B | 0.28% | |
| 34 | ADMARCHER DANIELS MIDLAND CO | 506,448 | $24.3B | 0.28% | |
| 35 | BRK/BBERKSHIRE HATHAWAY INC DEL CL B NEW | 43,121 | $23.0B | 0.26% | |
| 36 | WFGWEST FRASER TIMBER LTD | 288,632 | $22.2B | 0.25% | |
| 37 | WTMWHITE MTNS INS GROUP LTD | 11,345 | $21.8B | 0.25% | |
| 38 | CCLCARNIVAL CORP | 1,085,048 | $21.2B | 0.24% | |
| 39 | VUSBVANGUARD BD INDEX FDS | 395,341 | $19.7B | 0.22% | |
| 40 | SB9SITIO ROYALTIES CORP | 885,494 | $17.6B | 0.20% | |
| 41 | IPARINTER PARFUMS INC | 147,121 | $16.8B | 0.19% | |
| 42 | VGSHVANGUARD SCOTTSDALE FDS | 237,864 | $14.0B | 0.16% | |
| 43 | SJTSAN JUAN BASIN RTY TR | 2,470,132 | $13.7B | 0.15% | |
| 44 | SPAQLISTED FD TR | 131,597 | $13.3B | 0.15% | |
| 45 | OSKOSHKOSH CORP | 138,973 | $13.1B | 0.15% | |
| 46 | TRCTEJON RANCH CO | 824,062 | $13.1B | 0.15% | |
| 47 | RGLDROYAL GOLD INC | 74,628 | $12.2B | 0.14% | |
| 48 | RCLROYAL CARIBBEAN GROUP | 56,561 | $11.6B | 0.13% | |
| 49 | WENWENDYS COMPANY | 762,174 | $11.2B | 0.13% | |
| 50 | RBARB GLOBAL INC | 110,839 | $11.1B | 0.13% | |
| 51 | BAMBROOKFIELD ASSET MANAGMT LTD | 226,411 | $11.0B | 0.12% | |
| 52 | MAMASTERCARD INC | 19,630 | $10.8B | 0.12% | |
| 53 | WMBWILLIAMS COS INC | 172,665 | $10.3B | 0.12% | |
| 54 | RPRXROYALTY PHARMA PLC | 329,570 | $10.3B | 0.12% | |
| 55 | SIISPROTT INC | 198,915 | $8.9B | 0.10% | |
| 56 | FWONALIBERTY MEDIA CORP DEL | 97,530 | $8.8B | 0.10% | |
| 57 | SBRSABINE ROYALTY TR | 118,281 | $8.0B | 0.09% | |
| 58 | SPGIS&P GLOBAL INC | 15,570 | $7.9B | 0.09% | |
| 59 | NDAQNASDAQ INC | 103,343 | $7.8B | 0.09% | |
| 60 | ETENERGY TRANSFER EQUITY L P | 409,166 | $7.6B | 0.09% | |
| 61 | LBRDKLIBERTY BROADBAND CORP | 85,732 | $7.3B | 0.08% | |
| 62 | ELSEQUITY LIFESTYLE PPTYS INC | 100,528 | $6.7B | 0.08% | |
| 63 | XOMEXXON MOBIL CORP | 54,459 | $6.5B | 0.07% | |
| 64 | 4I1PHILIP MORRIS INTL INC | 38,294 | $6.1B | 0.07% | |
| 65 | MSGSMADISON SQUARE GARDEN SPRT COR | 30,183 | $5.9B | 0.07% | |
| 66 | SAICSCIENCE APPLICATNS INTL CO | 51,922 | $5.8B | 0.07% | |
| 67 | FCXFREEPORT MCMORAN INC | 142,497 | $5.4B | 0.06% | |
| 68 | CRLCHARLES RIV LABS INTL INC | 34,286 | $5.2B | 0.06% | |
| 69 | ABBVABBVIE INC | 24,157 | $5.1B | 0.06% | |
| 70 | EXPEAGLE MATERIALS | 22,422 | $5.0B | 0.06% | |
| 71 | MSFTMICROSOFT | 12,597 | $4.7B | 0.05% | |
| 72 | MKLMARKEL GROUP INC | 2,496 | $4.7B | 0.05% | |
| 73 | EPDENTERPRISE PRODS PARTNERS L | 132,087 | $4.5B | 0.05% | |
| 74 | ABALLIANCE BERNSTEIN HLDG L P | 115,986 | $4.4B | 0.05% | |
| 75 | BXBLACKSTONE INC | 30,200 | $4.2B | 0.05% | |
| 76 | BSMBLACK STONE MINERALS LP | 268,638 | $4.1B | 0.05% | |
| 77 | INFLLISTED FD TR | 98,346 | $4.0B | 0.05% | |
| 78 | TPHTRI POINTE HOMES INC | 124,012 | $4.0B | 0.04% | |
| 79 | XNEAXNUVEEN AMT FREE QLTY MUN INC | 343,632 | $3.8B | 0.04% | |
| 80 | MOALTRIA GROUP INC | 63,197 | $3.8B | 0.04% | |
| 81 | FNFFIDELITY NATIONAL FINANCIAL | 58,071 | $3.8B | 0.04% | |
| 82 | BCDFLISTED FD TR | 131,939 | $3.7B | 0.04% | |
| 83 | BMYBRISTOL MYERS SQUIBBCO | 59,813 | $3.6B | 0.04% | |
| 84 | BCHGGRAYSCALE BITCOIN CASH | 1,506,729 | $3.6B | 0.04% | |
| 85 | LLYELI LILLY AND COMPANY | 4,257 | $3.5B | 0.04% | |
| 86 | BURBURFORD CAP LTD | 266,106 | $3.5B | 0.04% | |
| 87 | CSCOCISCO SYSTEMS INC | 56,641 | $3.5B | 0.04% | |
| 88 | LTCNGRAYSCALE LITECOIN TRUST | 515,218 | $3.4B | 0.04% | |
| 89 | CVXCHEVRON CORP | 20,246 | $3.4B | 0.04% | |
| 90 | LHXL3 HARRIS TECHNOLOGIES INC | 16,050 | $3.4B | 0.04% | |
| 91 | FWONALIBERTY MEDIA CORP DEL | 40,870 | $3.3B | 0.04% | |
| 92 | NTRNUTRIEN LTD | 65,575 | $3.3B | 0.04% | |
| 93 | KLACKLA-TENCOR CORP | 4,787 | $3.3B | 0.04% | |
| 94 | JNJJOHNSON & JOHNSON | 19,612 | $3.3B | 0.04% | |
| 95 | AMLPALPS ETF TR ALERIAN MLP | 61,330 | $3.2B | 0.04% | |
| 96 | CMRECOSTAMARE INC | 321,640 | $3.2B | 0.04% | |
| 97 | MRKMERCK & COMPANY | 34,074 | $3.1B | 0.03% | |
| 98 | SUSUNCOR ENERGY INC NEW | 77,944 | $3.0B | 0.03% | |
| 99 | KMIKINDER MORGAN INC DEL | 104,408 | $3.0B | 0.03% | |
| 100 | BKKTBAKKT HOLDINGS INC | 335,752 | $2.9B | 0.03% |
Page 1 of 4Next