HORIZON KINETICS ASSET MANAGEMENT LLC Q2 2025 Filing

Filed August 12, 2025

Portfolio Value

$8.4B

Holdings

352

Report Date

Q2 2025

Filing Type

13F-HR

All Holdings (352 positions)

#StockSharesValue% PortfolioType
201
SPYSPDR S&P 500 ETF TR
1,329$821.1M9.74%
202
GEVGE VERNOVA INC
1,501$794.3M9.42%
203
SYKSTRYKER CORPORATION
2,000$791.3M9.38%
204
VMIVALMONT INDS INC
2,376$775.9M9.20%
205
TWTRADEWEB MKTS INC
5,283$773.4M9.17%
206
EBAEBAY INC.
10,028$746.7M8.85%
207
CMCANADIAN IMPERIAL BK COMM
10,500$743.7M8.82%
208
BRK-BBERKSHIRE HATHAWAY INC DEL
1$728.8M8.64%
209
DISDISNEY WALT CO
5,865$727.4M8.62%
210
WYWEYERHAEUSER CO MTN BE
28,274$726.3M8.61%
211
DOWDOW INC
27,163$719.3M8.53%
212
HKHCHORIZON KINETICS HLDG CORP
16,363$703.6M8.34%
213
JPMJPMORGAN CHASE & CO.
2,405$697.2M8.27%
214
MDLZMONDELEZ INTL INC
10,328$696.5M8.26%
215
DSLDOUBLELINE INCOME SOLUTIONS
56,052$686.1M8.14%
216
GBXGREENBRIER COS INC
14,700$676.9M8.03%
217
KRPKIMBELL RTY PARTNERS LP
45,898$640.7M7.60%
218
ALKSALKERMES PLC
22,066$631.3M7.49%
219
AJGGALLAGHER ARTHUR J & CO
1,957$626.5M7.43%
220
FWONALIBERTY MEDIA CORP DEL
7,718$626.4M7.43%
221
XESSPDR SERIES TRUST
9,697$615.2M7.29%
222
MVFBLACKROCK MUNIVEST FD INC
93,068$612.4M7.26%
223
TRVCCITIGROUP INC
7,089$603.4M7.16%
224
MUCBLACKROCK MUNIHOLDINGS QUALI
61,530$589.5M6.99%
225
BSVVANGUARD BD INDEX FDS
7,478$588.5M6.98%
226
LENLENNAR CORP
5,308$587.1M6.96%
227
ETCGGRAYSCALE ETHEREUM CLASSIC TRUST
70,682$583.1M6.91%
228
URIUNITED RENTALS INC
756$569.6M6.75%
229
ENBENBRIDGE INC
12,532$568.0M6.73%
230
BTZBLACKROCK CR ALLOCATION INCO
51,023$557.2M6.61%
231
ETNEATON CORP PLC
1,555$555.1M6.58%
232
CMDBCOSTAMARE BULKERS HLDGS LTD
63,250$548.4M6.50%
233
IAU*ISHARES GOLD TR
8,690$541.9M6.43%
234
TFPMTRIPLE FLAG PRECIOUS METAL
22,811$540.4M6.41%
235
FBTCFIDELITY WISE ORIGIN BITCOIN
5,681$534.0M6.33%
236
RSPINVESCO EXCHANGE TRADED FD T
2,920$530.7M6.29%
237
ADPAUTOMATIC DATA PROCESSING IN
1,695$522.7M6.20%
238
SMRNUSCALE PWR CORP
12,950$512.3M6.07%
239
TQQQPROSHARES TR
6,124$508.3M6.03%
240
LLOEWS CORP
5,478$502.1M5.95%
241
KVUEKENVUE INC
23,962$501.5M5.95%
242
CRSPCRISPR THERAPEUTICS AG
10,239$498.0M5.91%
243
MVTBLACKROCK MUNIVEST FD II INC
47,926$494.6M5.86%
244
LADRLADDER CAP CORP
46,000$494.5M5.86%
245
AGQPROSHARES TR
25,126$491.7M5.83%
246
GDXVANECK ETF TRUST
9,361$487.3M5.78%
247
ISIIONIS PHARMACEUTICALS INC
11,952$472.2M5.60%
248
NZFNUVEEN MUNICIPAL CREDIT INC
38,952$464.3M5.51%
249
BKNBLACKROCK INVT QUALITY MUN T
42,157$460.4M5.46%
250
VIXYPROSHARES TR II
6,100$457.5M5.43%Call
251
NANNUVEEN NEW YORK QLT MUN INC
39,769$453.8M5.38%
252
WOODISHARES TR
6,155$451.5M5.35%
253
JAPNLISTED FDS TR
15,691$440.0M5.22%
254
METAMETA PLATFORMS INC
587$433.1M5.14%
255
MQTBLACKROCK MUNIYIELD QUALITY
43,950$423.7M5.02%
256
KKRKKR & CO INC
3,178$422.8M5.01%
257
PHYS/USPROTT PHYSICAL GOLD TR
16,634$421.7M5.00%
258
MKTXMARKETAXESS HLDGS INC
1,874$418.5M4.96%
259
NFLXNETFLIX INC
311$416.5M4.94%
260
NBBNUVEEN TAXABLE MUNICPAL INM
26,130$413.4M4.90%
261
DBLDOUBLELINE OPPORTUNISTIC CR
26,820$412.5M4.89%
262
PNIPIMCO NEW YORK MUN INCOME FD
58,956$412.1M4.89%
263
AMGAFFILIATED MANAGERS GROUP IN
2,085$410.3M4.86%
264
NBHNEUBERGER BERMAN MUN FD INC
41,529$408.2M4.84%
265
AVGOBROADCOM INC
1,448$399.1M4.73%
266
MODMODINE MFG CO
3,930$387.1M4.59%
267
BWXTBWX TECHNOLOGIES INC
2,665$383.9M4.55%
268
BIIBBIOGEN INC
3,038$381.5M4.52%
269
FDO.FMACYS INC
32,500$378.9M4.49%
270
REGNREGENERON PHARMACEUTICALS
705$370.1M4.39%
271
DORMDORMAN PRODS INC
3,000$368.0M4.36%
272
FMNFEDERATED HERMES PREM MUNI I
34,360$365.6M4.34%
273
ERIIENERGY RECOVERY INC
28,440$363.5M4.31%
274
VTIVANGUARD INDEX FDS
1,182$359.2M4.26%
275
AMZNAMAZON COM INC
1,634$358.5M4.25%
276
AMTAMERICAN TOWER CORP NEW
1,600$353.6M4.19%
277
TAT&T INC
12,122$350.8M4.16%
278
PEPPEPSICO INC
2,640$348.6M4.13%
279
AWRAMER STATES WTR CO
4,468$342.5M4.06%
280
OXYOCCIDENTAL PETE CORP
8,131$341.6M4.05%
281
PWRQUANTA SVCS INC
900$340.3M4.03%
282
XEFRXEATON VANCE SR FLTNG RTE TR
27,801$336.9M4.00%
283
CNPCENTERPOINT ENERGY INC
9,133$335.5M3.98%
284
CITCINTAS CORP
1,493$332.7M3.95%
285
AFLAFLAC INC
3,000$316.4M3.75%
286
NVGNUVEEN AMT FREE MUN CR INC F
26,276$313.5M3.72%
287
BACVERIZON COMMUNICATIONS INC
6,993$302.6M3.59%
288
CLCOLGATE PALMOLIVE CO
3,102$282.0M3.34%
289
KRBNKRANESHARES TRUST
9,486$281.6M3.34%
290
NVIRLISTED FDS TR
9,181$279.6M3.31%
291
CNSCOHEN & STEERS INC
3,641$274.3M3.25%
292
GPCGENUINE PARTS CO
2,250$272.9M3.24%
293
PCMPCM FD INC
40,252$254.8M3.02%
294
AWCAMERICAN WTR WKS CO INC NEW
1,830$254.5M3.02%
295
MOVMOVADO GROUP INC
16,573$252.7M3.00%
296
FWONALIBERTY MEDIA CORP DEL
3,174$252.3M2.99%
297
COINCOINBASE GLOBAL INC
715$250.6M2.97%
298
BGTBLACKROCK FLOATING RATE INC
19,778$247.6M2.94%
299
ITWOPROSHARES TR II
2,500$237.5M2.82%Call
300
LOWLOWES COS INC
1,068$237.0M2.81%
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