HORIZON KINETICS ASSET MANAGEMENT LLC Q3 2020 Filing

Filed November 16, 2020

Portfolio Value

$2.5T

Holdings

362

Report Date

Q3 2020

Filing Type

13F-HR

All Holdings (362 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	TPLUSDTEXAS PACIFIC LAND TRUST	1,643,707	$742.2B	29.79%
2	WPMWHEATON PRECIOUS METALS CORP	2,737,079	$134.3B	5.39%
3	FNVFRANCO NEVADA CORP	814,298	$113.7B	4.56%
4	CA8ACACI INTL INC	394,976	$84.2B	3.38%
5	BAMBROOKFIELD ASSET MGMT INC	1,751,359	$57.9B	2.32%
6	ICEINTERCONTINENTAL EXCHANGE INC	548,743	$54.9B	2.20%
7	HHC*HOWARD HUGHES CORP	951,326	$54.8B	2.20%
8	WENWENDYS COMPANY	2,377,253	$53.0B	2.13%
9	ACGPASSOCIATED CAP GROUP INC	1,392,882	$50.3B	2.02%
10	CBOECBOE GLOBAL MARKETS INC	465,849	$40.9B	1.64%
11	SVXYPROSHARES TR II SHT	1,147,260	$40.7B	1.63%
12	LYVLIVE NATION ENTERTAINMENT INC	732,380	$39.5B	1.58%
13	IEPICAHN ENTERPRISES LP	787,077	$38.8B	1.56%
14	LBRDKLIBERTY BROADBAND CORP	266,167	$38.0B	1.53%
15	LSXMKUSDLIBERTY MEDIA CORP DEL	1,101,808	$36.4B	1.46%
16	SAICSCIENCE APPLICATNS INTL CP N	444,897	$34.9B	1.40%
17	CMECME GROUP INC	171,064	$28.6B	1.15%
18	—CHENIERE ENERGY INC	39,133,500	$28.0B	1.12%
19	LNGCHENIERE ENERGY INC	602,180	$27.9B	1.12%
20	CRLCHARLES RIV LABS INTL INC	114,607	$26.0B	1.04%
21	—CIVEO CORP	38,357,015	$25.9B	1.04%
22	MSBMESABI TR	1,142,665	$24.2B	0.97%
23	AYS1SANDSTORM GOLD LTD	2,706,364	$22.8B	0.92%
24	ANAUTONATION INC	415,783	$22.0B	0.88%
25	RGLDROYAL GOLD INC	182,978	$22.0B	0.88%
26	—IHS MARKIT LTD	240,425	$18.9B	0.76%
27	BRK/BBERKSHIRE HATHAWAY INC DEL	85,697	$18.2B	0.73%
28	MAMASTERCARD INC	49,698	$16.8B	0.67%
29	PYPLPAYPAL HLDGS INC	85,205	$16.8B	0.67%
30	BABOEING CO	97,260	$16.1B	0.65%
31	LM03LIBERTY MEDIA CORP DEL	474,645	$15.7B	0.63%
32	ELSEQUITY LIFESTYLE PPTYS INC	245,453	$15.0B	0.60%
33	OSKOSHKOSH CORP	185,162	$13.6B	0.55%
34	VGSHVANGUARD SCOTTSDALE FDS	216,487	$13.4B	0.54%
35	SHVISHARES TR	119,362	$13.2B	0.53%
36	PAGPENSKE AUTOMOTIVE GRP INC	261,309	$12.5B	0.50%
37	LBRDALIBERTY BROADBAND	71,209	$10.1B	0.41%
38	—BARCLAYS BANK PLC	217,700	$9.2B	0.37%	Call
39	FWONALIBERTY MEDIA CORP DEL	254,164	$9.2B	0.37%
40	IAA-WUSDIAA INC COM	175,930	$9.2B	0.37%
41	MKLMARKEL CORP	9,096	$8.9B	0.36%
42	—GCI LIBERTY INC	98,490	$8.1B	0.32%
43	YUSDALLEGHANY CORP DEL	15,320	$8.0B	0.32%
44	DMLPDORCHESTER MINERALS LP	762,025	$7.9B	0.32%
45	XNEAXNUVEEN AMT-FREE QLTY MUN INCOME	538,518	$7.7B	0.31%
46	IPARINTER PARFUMS INC	201,950	$7.5B	0.30%
47	NVGSNAVIGATOR HOLDINGS LTD	901,762	$7.5B	0.30%
48	VVISA INC	35,227	$7.0B	0.28%
49	DBLDOUBLELINE OPPORTUNISTIC CR	358,482	$6.8B	0.27%
50	GDXVANECK VECTORS ETF TR	169,284	$6.6B	0.27%
51	BGCPEURBGC PARTNERS INC	2,567,140	$6.2B	0.25%
52	MSGSMADISON SQUARE GARDEN SPORTS CP	40,440	$6.1B	0.24%
53	GOOGLALPHABET INC	4,148	$6.1B	0.24%
54	LM05LIBERTY MEDIA CORP DEL	181,096	$6.1B	0.24%
55	GQ9SPDR GOLD TRUST	33,733	$6.0B	0.24%
56	GOOGALPHABET INC	4,037	$5.9B	0.24%
57	SLVISHARES SILVER TRUST	239,079	$5.2B	0.21%
58	AAPLAPPLE INC	41,724	$4.8B	0.19%
59	AMCXAMC NETWORKS INC	192,368	$4.8B	0.19%
60	GDXJVANECK VECTORS ETF TR	84,287	$4.7B	0.19%
61	ADMARCHER DANIELS MIDLAND CO	91,696	$4.3B	0.17%
62	SATSECHOSTAR CORP	167,507	$4.2B	0.17%
63	NDAQNASDAQ INC	33,054	$4.1B	0.16%
64	PFNPIMCO INCOME STRATEGY FUND II	440,813	$4.0B	0.16%
65	MSFTMICROSOFT	18,999	$4.0B	0.16%
66	RMTROYCE MICRO-CAP TR INC	520,483	$4.0B	0.16%
67	LVSLAS VEGAS SANDS CORP	85,028	$4.0B	0.16%
68	—GAMCO INVESTORS INC	330,478	$3.8B	0.15%
69	ENOVCOLFAX CORP	115,145	$3.6B	0.14%
70	JNJJOHNSON & JOHNSON	23,664	$3.5B	0.14%
71	BRK-BBERKSHIRE HATHAWAY INC DEL	11	$3.5B	0.14%
72	WMBWILLIAMS COS INC	176,589	$3.5B	0.14%
73	MRKMERCK & COMPANY	40,873	$3.4B	0.14%
74	TPHTRI POINTE GROUP INC	180,062	$3.3B	0.13%
75	WOODISHARES TR	50,490	$3.3B	0.13%
76	NBBNUVEEN TAXABLE MUNICIPAL INC FUND	139,227	$3.1B	0.13%
77	XOMEXXON MOBIL CORP	89,401	$3.1B	0.12%
78	BMYBRISTOL MYERS SQUIBBCO	50,874	$3.1B	0.12%
79	DISCAUSDDISCOVERY INC	140,801	$3.1B	0.12%
80	PDIPIMCO DYNAMIC INCOME FD	120,361	$3.1B	0.12%
81	DSLDOUBLELINE INCOME SOLUTIONS	187,695	$3.0B	0.12%
82	IGSBISHARES TR	54,000	$3.0B	0.12%
83	APYXAPYX MED CORP	615,000	$2.9B	0.12%
84	ABBVABBVIE INC	32,872	$2.9B	0.12%
85	RBAGBPRITCHIE BROS AUCTIONEERS	47,148	$2.8B	0.11%
86	BCPCBALCHEM CORP	28,359	$2.8B	0.11%
87	SPHRMADISON SQUARE GRDN ENTERTNM	38,334	$2.6B	0.11%
88	CXEMFS HIGH INCOME MUN TR	553,892	$2.6B	0.10%
89	VOOVANGUARD INDEX FDS	8,339	$2.6B	0.10%
90	T77LENDINGTREE INC NEW	8,233	$2.5B	0.10%
91	VTIVANGUARD INDEX FDS	14,800	$2.5B	0.10%
92	SPYSPDR S&P 500 ETF TR	7,486	$2.5B	0.10%
93	RYNRAYONIER INC	93,829	$2.5B	0.10%
94	NADNUVEEN QUALITY MUNI INC FD	170,676	$2.5B	0.10%
95	ITWOPROSHARES TR II	60,100	$2.5B	0.10%	Call
96	MKTXMARKETAXESS HLDGS INC	5,000	$2.4B	0.10%
97	UNPUNION PACIFIC CORP	11,996	$2.4B	0.09%
98	LGF/BEURLIONS GATE ENTMNT CORP	269,895	$2.4B	0.09%
99	NEMNEWMONT CORP	36,952	$2.3B	0.09%
100	PFEPFIZER INC	63,057	$2.3B	0.09%

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