HORIZON KINETICS ASSET MANAGEMENT LLC Q4 2023 Filing

Filed February 15, 2024

Portfolio Value

$4.8B

Holdings

325

Report Date

Q4 2023

Filing Type

13F-HR

All Holdings (325 positions)

#	Stock	Shares	Value	% Portfolio
1	GBTCGRAYSCALE BITCOIN TRUST BTC	15,604,708	$540.0M	11.31%
2	WPMWHEATON PRECIOUS METALS CORP	2,931,266	$144.0M	3.02%
3	CA8ACACI INTL INC CL A	393,605	$127.0M	2.66%
4	ICEINTERCONTINENTAL EXCHANGE INC	781,939	$100.0M	2.09%
5	FNVFRANCO NEVADA CORP	872,143	$96.0M	2.01%
6	CVEOCIVEO CORP	3,734,335	$85.0M	1.78%
7	LNGCHENIERE ENERGY INC	496,388	$84.0M	1.76%
8	CBOECBOE GLOBAL MARKETS INC	405,632	$72.0M	1.51%
9	MSBMESABI TR	2,920,318	$59.0M	1.24%
10	SAICSCIENCE APPLICATNS INTL CP	416,056	$51.0M	1.07%
11	BNBROOKFIELD CORP CL A LMT VTG S	1,257,006	$50.0M	1.05%
12	PBTPERMIAN BASIN RTY TR	3,583,742	$50.0M	1.05%
13	ADMARCHER DANIELS MIDLAND CO	672,158	$48.0M	1.01%
14	HHHHOWARD HUGHES HOLDINGS INC	561,287	$48.0M	1.01%
15	ANAUTONATION INC	300,803	$45.0M	0.94%
16	CRLCHARLES RIV LABS INTL INC	182,664	$43.0M	0.90%
17	CMECME GROUP INC	200,730	$42.0M	0.88%
18	ACGPASSOCIATED CAP GROUP INC CL A	1,142,514	$40.0M	0.84%
19	VNOMUSDVIPER ENERGY INC	1,216,648	$38.0M	0.80%
20	LYVLIVE NATION ENTERTAINMENT INC	399,263	$37.0M	0.77%
21	JOETHE SAINT JOE CO	538,022	$32.0M	0.67%
22	PAGPENSKE AUTOMOTIVE GRP INC	189,536	$30.0M	0.63%
23	DMLPDORCHESTER MINERALS LP	907,133	$28.0M	0.59%
24	BGBUNGE GLOBAL SA	278,820	$28.0M	0.59%
25	MRSHMARSH & MCLENNAN COS INC	136,586	$25.0M	0.52%
26	AYS1SANDSTORM GOLD LTD	4,808,367	$24.0M	0.50%
27	WFGWEST FRASER TIMBER LTD	269,822	$23.0M	0.48%
28	WENWENDYS COMPANY	1,131,007	$22.0M	0.46%
29	IPARINTER PARFUMS INC	158,807	$22.0M	0.46%
30	CCOCAMECO CORP	497,432	$21.0M	0.44%
31	SB9SITIO ROYALTIES CORP	906,604	$21.0M	0.44%
32	CCLCARNIVAL CORP PAIREDCTF	1,139,668	$21.0M	0.44%
33	OREUROSISKO GOLD ROYALTIES LTD	1,344,413	$19.0M	0.40%
34	TRCTEJON RANCH CO	1,085,128	$18.0M	0.38%
35	BRK/BBERKSHIRE HATHAWAY INC DEL CL B NEW	46,601	$16.0M	0.34%
36	NTRNUTRIEN LTD	289,882	$16.0M	0.34%
37	BAMBROOKFIELD ASSET MANAGMT LTDCL A LMT VTG S	386,888	$15.0M	0.31%
38	RGLDROYAL GOLD INC	127,989	$15.0M	0.31%
39	VUSBVANGUARD BD INDEX FDS	291,631	$14.0M	0.29%
40	OSKOSHKOSH CORP	135,994	$14.0M	0.29%
41	BABOEING CO	55,514	$14.0M	0.29%
42	FWONALIBERTY MEDIA CORP DEL	200,793	$12.0M	0.25%
43	VGSHVANGUARD SCOTTSDALE FDS	221,031	$12.0M	0.25%
44	SPAQHORZN KNTCS SPAC	110,356	$10.0M	0.21%
45	SPGIS&P GLOBAL INC	20,787	$9.0M	0.19%
46	ELSEQUITY LIFESTYLE PPTYS INC	138,689	$9.0M	0.19%
47	MAMASTERCARD INC	21,856	$9.0M	0.19%
48	LBRDKLIBERTY BROADBAND CORP	100,668	$8.0M	0.17%
49	FWONALIBERTY MEDIA CORP DEL	143,876	$8.0M	0.17%
50	RCLROYAL CARIBBEAN GROUP	56,124	$7.0M	0.15%
51	LTCNGRAYSCALE LITECOIN TRUST LTC SHS	467,189	$7.0M	0.15%
52	RPRXROYALTY PHARMA PLC	216,690	$6.0M	0.13%
53	RBARB GLOBAL INC	92,529	$6.0M	0.13%
54	NDAQNASDAQ INC	105,076	$6.0M	0.13%
55	—NUCANA PLC SPONSORED ADR	19,467	$5.8M	0.12%
56	MSGSMADISON SQUARE GARDEN SPORTS CP CL A	31,788	$5.0M	0.10%
57	SIISPROTT INC	156,221	$5.0M	0.10%
58	BURBURFORD CAP LTD	367,382	$5.0M	0.10%
59	BCHGGRAYSCALE BITCOIN CASH TRUST BCH	1,378,731	$5.0M	0.10%
60	WMBWILLIAMS COS INC	144,226	$5.0M	0.10%
61	PTENPATTERSON UTI ENERGY INC	401,301	$4.0M	0.08%
62	PCHPOTLATCHDELTIC CORP NEW	82,910	$4.0M	0.08%
63	FCXFREEPORT MCMORAN INC	103,587	$4.0M	0.08%
64	XOMEXXON MOBIL CORP	45,484	$4.0M	0.08%
65	EXPEAGLE MATERIALS	20,126	$4.0M	0.08%
66	AMLPALPS ETF TR ALERIAN MLP	101,700	$4.0M	0.08%
67	XESSPDR SER TR	47,773	$4.0M	0.08%
68	XNEAXNUVEEN AMT-FREE QLTY MUN INCOME	423,715	$4.0M	0.08%
69	TPHTRI POINTE HOMES INC	89,812	$3.0M	0.06%
70	ABBVABBVIE INC	24,040	$3.0M	0.06%
71	RYNRAYONIER INC	118,477	$3.0M	0.06%
72	MSFTMICROSOFT	9,035	$3.0M	0.06%
73	LM0CLIBERTY MEDIA CORP DEL	122,635	$3.0M	0.06%
74	TCRTALAUNOS THERAPEUTICS INC	34,000	$2.4M	0.05%
75	TPLTEXAS PACIFIC LAND CORP	1,338,755	$2.1M	0.04%
76	LVSLAS VEGAS SANDS CORP	52,859	$2.0M	0.04%
77	PFNPIMCO INCOME STRATEGY FUND II	279,734	$2.0M	0.04%
78	JNJJOHNSON & JOHNSON	17,130	$2.0M	0.04%
79	BKKTBAKKT HOLDINGS INC	927,042	$2.0M	0.04%
80	KMIKINDER MORGAN INC DEL	161,933	$2.0M	0.04%
81	SBRSABINE ROYALTY TR	34,663	$2.0M	0.04%
82	CVXCHEVRON CORP	14,183	$2.0M	0.04%
83	4I1PHILIP MORRIS INTL INC	22,864	$2.0M	0.04%
84	LHXL3 HARRIS TECHNOLOGIES INC	9,864	$2.0M	0.04%
85	MRKMERCK & COMPANY	26,541	$2.0M	0.04%
86	BATRAATLANTA BRAVES HLDGS INC	56,721	$2.0M	0.04%
87	DHRDANAHER CORP	9,269	$2.0M	0.04%
88	INFLHORIZON KINETICS	85,112	$2.0M	0.04%
89	KLACKLA-TENCOR CORP	4,037	$2.0M	0.04%
90	CLBCORE LABORATORIES INC	136,908	$2.0M	0.04%
91	ETENERGY TRANSFER EQUITY L P	179,905	$2.0M	0.04%
92	BSMBLACK STONE MINERALS LP	167,838	$2.0M	0.04%
93	BMYBRISTOL MYERS SQUIBBCO	42,536	$2.0M	0.04%
94	CMRECOSTAMARE INC SHS	233,834	$2.0M	0.04%
95	EPDENTERPRISE PRODS PARTNERS L	101,294	$2.0M	0.04%
96	LLYELI LILLY AND COMPANY	4,755	$2.0M	0.04%
97	FNFFIDELITY NATIONAL FINANCIAL	43,871	$2.0M	0.04%
98	CATCATERPILLAR INC	6,959	$2.0M	0.04%
99	MSGEMADISON SQUARE GARDEN ENTMT	49,376	$1.0M	0.02%
100	MHDBLACKROCK MUNIHOLDINGS FD	129,817	$1.0M	0.02%

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