HORIZON KINETICS ASSET MANAGEMENT LLC

$9.2B reported 13(f) long value · latest quarter 2026-03-31 · CIK 1056823 · EDGAR ↗

sum of disclosed values for 2026-03-31; 0 positions carry a NULL value and are excluded from the sum, surfaced here rather than folded away: $9.2B
ALL retained default holdings for this (filer, period), including NULL-value ones: 353
positions with no comparable holding in the prior quarter (kind new), 2026-03-31: 44
positions absent from this quarter's filing after being held last quarter (kind exit), 2026-03-31 — inferred from absence, not a sale record: 15

A quarter-end snapshot. Filed up to 45 days later, so this page is not current holdings and never a complete portfolio. what a 13F is — and is not ↓ methodology §13F ↗

Position changes — into 2026-03-31

by shares · Δ value · filing link · how changes are classified §

Position changes into quarter 2026-03-31
position matched across quarters by exact reported CUSIP over a registry gap — producer-reconciled identity, never a name match `identity_reconciled_by_cusip`	the reported share count is unchanged across the pair; this build's data classified the change from its reported value; builds from 2026-09-10 on read it as NO CHANGE `classified_by_value` · EXIT = absent this quarter: disposed, delisted, under confidential treatment, or reported instead by an affiliated manager — the filing does not say which · change not classifiable: value undisclosed on one side of the quarter pair, or neither shares nor value can classify it · NO CHANGE = the share count is identical in both quarters; the value moved only with price, so the row is mark-to-market and never an ADD or a TRIM (NEW / ADD / TRIM / EXIT / NO CHANGE) · NO PRIOR = this filer has no comparable holdings list for the previous quarter on record — a first filing under this registration, or a quarter reported inside an affiliated manager's filing — so the position is not called a new stake	derived by Public Filings from the published aggregate; NULL means the source did not disclose a usable value — never zero	reported unit changed across the pair (SH↔PRN); the share delta is withheld rather than fabricated `shares_unit_mismatch`	Prev value	Curr value	Prev shares	Curr shares
position key `pos:17117` · issuer key `iss:1792` COM	TRIM	+$1.8B	−318,383	$3.0B	$4.8B	10,333,762	10,015,379
position key `pos:16309` · issuer key `cusip6:389637` SHS REP COM UT	TRIM	−$226M	−108,711	$965M	$739M	14,113,593	14,004,882
position key `sid:sec:prov:611b327625f54b325a3a9082c5190ac7` · issuer key `cusip6:514952` CL A	ADD	+$114M	+14,368	$276M	$391M	5,642,766	5,657,134
position key `pos:15191` · issuer key `iss:887` COM	ADD	+$82.5M	+2,242,931	$239M	$321M	19,392,363	21,635,294
position key `pos:11572` · issuer key `iss:1968` COM	TRIM	−$62.3M	−731,999	$293M	$231M	2,493,518	1,761,519
position key `sid:sec:prov:49742cb02fd6ccf1ff08481bf072a881` · issuer key `cusip6:940923` CL A SHS REPSTG	ADD	+$59.9M	+504,627	$137M	$197M	6,837,520	7,342,147
position key `pos:10483` · issuer key `iss:777` COM	TRIM	−$13.6M	−210,804	$201M	$187M	968,101	757,297
position key `sid:sec:prov:7e69e319fa748883b29d9def778e742f` · issuer key `cusip6:714236` UNIT BEN INT	ADD	+$32.2M	+191,892	$105M	$137M	6,187,800	6,379,692
position key `pos:17639` · issuer key `iss:1224` COM	ADD	+$53.6M	+1,631,751	$80.8M	$134M	1,819,798	3,451,549
position key `pos:16825` · issuer key `iss:987` COM	ADD	−$2.6M	+8,133	$135M	$132M	830,766	838,899
position key `pos:10822` · issuer key `iss:438` COM NEW	TRIM	+$29.2M	−43,001	$90.1M	$119M	463,329	420,328
position key `pos:11182` · issuer key `iss:347` COM	ADD	+$12.7M	+1,668	$103M	$115M	408,398	410,066
position key `sid:sec:prov:17ae7e32d5ebffa832ed89fb15afc599` · issuer key `cusip6:590672` CTF BEN INT	ADD	−$17.7M	+113,274	$117M	$98.9M	3,027,698	3,140,972
position key `sid:sec:prov:62a2ff7b2ad44c6883d016344e34872b` · issuer key `cusip6:389930` SHS NEW	ADD	−$26.0M	+7,356	$116M	$90.1M	2,997,060	3,004,416
position key `pos:12864` · issuer key `iss:369` CL A	TRIM	−$390K	−3,943	$84.5M	$84.1M	158,591	154,648
position key `pos:15442` · issuer key `iss:356` COM	TRIM	+$4.6M	−5,358	$75.3M	$79.8M	275,611	270,253
position key `pos:10596` · issuer key `iss:1297` CL A	TRIM	+$11.9M	−52,263	$66.2M	$78.1M	1,714,904	1,662,641
position key `pos:11527` · issuer key `iss:381` COM	TRIM	+$9.1M	−22,271	$61.7M	$70.8M	674,096	651,825
position key `pos:10295` · issuer key `iss:1371` COM SHS	TRIM	+$2.5M	−60,880	$64.2M	$66.7M	1,815,024	1,754,144
position key `pos:14637` · issuer key `iss:326` CL A LTD VT SH	TRIM	−$9.1M	−11,774	$72.7M	$63.6M	1,583,710	1,571,936
position key `sid:sec:prov:1a63dc85e99aba3a632742e14dbd056f` · issuer key `cusip6:17878Y` COM NEW	TRIM	+$6.2M	−97,134	$56.0M	$62.2M	2,449,487	2,352,353
position key `pos:13082` · issuer key `iss:196` COM	TRIM	−$9.0M	−31,426	$53.0M	$43.9M	256,479	225,053
position key `pos:11992` · issuer key `iss:2256` COM SHS	TRIM	+$11.8M	−12,050	$31.1M	$42.9M	348,994	336,944
position key `sid:sec:prov:10994718c77e7314bc0ccaeaeae70850` · issuer key `cusip6:879080` COM	TRIM	+$5.7M	−9,967	$30.2M	$35.8M	1,912,573	1,902,606
position key `cusip:439913104` · issuer key `cusip6:439913` COM	ADD	+$10.2M	+103	$25.3M	$35.5M	1,075,313	1,075,416
position key `pos:18173` · issuer key `iss:1614` COM	TRIM	+$1.1M	−12,228	$32.9M	$34.1M	554,837	542,609
position key `sid:sec:prov:6158ab3a6d2bde683f80076f375f6d9f` · issuer key `cusip6:798241` UNIT BEN INT	ADD	−$1.5M	+747,697	$35.0M	$33.6M	6,231,144	6,978,841
position key `pos:15567` · issuer key `iss:1018` SHS BEN INT	TRIM	−$9.1M	−3,520	$39.6M	$30.5M	796,863	793,343
position key `sid:sec:prov:e64e5438d26b52bbfcb37bde4c834ad9` · issuer key `cusip6:852066` COM NEW	TRIM	+$8.6M	−7,629	$21.0M	$29.6M	214,626	206,997
position key `pos:14389` · issuer key `iss:2246` COM	TRIM	+$1.5M	−9	$27.3M	$28.8M	13,121	13,112
position key `pos:15708` · issuer key `iss:1187` COM	TRIM	−$2.8M	−5,344	$29.1M	$26.3M	156,685	151,341
position key `pos:11819` · issuer key `iss:400` COMMON STOCK	ADD	−$4.5M	+105	$29.2M	$24.8M	957,548	957,653
position key `pos:11796` · issuer key `iss:1134` COM	TRIM	−$239K	−12,715	$24.2M	$24.0M	169,884	157,169
position key `sid:sec:prov:a04aaeb27e349a597164f36b98c17a06` · issuer key `cusip6:25820R` COM UNIT	TRIM	+$3.7M	−15,436	$19.6M	$23.3M	875,662	860,226
position key `pos:18201` · issuer key `iss:796` CL A	ADD	−$4.9M	+1,415	$27.9M	$23.1M	1,249,554	1,250,969
position key `pos:17297` · issuer key `iss:1432` COM	TRIM	−$5.6M	−27,367	$26.9M	$21.3M	169,874	142,507
position key `pos:11205` · issuer key `iss:255` CL B NEW	ADD	−$869K	+45	$19.1M	$18.2M	37,988	38,033
position key `pos:17824` · issuer key `iss:1514` COM	ADD	+$6.8M	+79,104	$11.1M	$17.9M	107,627	186,731
position key `pos:15309` · issuer key `iss:1226` CL A NEW	TRIM	−$3.8M	−124	$21.2M	$17.4M	139,377	139,253
position key `pos:13638` · issuer key `iss:1380` COM	TRIM	+$2.4M	−404	$14.6M	$17.0M	116,193	115,789
position key `sid:sec:prov:e9816c09242bb3bdb355e72e237e1170` · issuer key `cusip6:92203C` VANGUARD ULTRA	TRIM	−$192K	−3,488	$17.1M	$16.9M	342,542	339,054
position key `pos:18031` · issuer key `iss:2202` SHS CLASS A	TRIM	+$2.7M	−12,578	$13.7M	$16.3M	353,361	340,783
position key `pos:17705` · issuer key `iss:583` CL A NEW	TRIM	−$32.2M	−2,107,153	$46.7M	$14.5M	3,046,533	939,380
position key `pos:12692` · issuer key `iss:1827` COM	TRIM	+$222K	−11,873	$14.1M	$14.4M	425,303	413,430
position key `pos:16484` · issuer key `iss:2304` COM	TRIM	−$489K	−1,060	$14.7M	$14.2M	52,758	51,698
position key `pos:17218` · issuer key `iss:984` COM	TRIM	+$812K	−225	$11.8M	$12.6M	138,558	138,333
position key `pos:13284` · issuer key `iss:922` COM	TRIM	−$11.0M	−96,950	$23.4M	$12.4M	293,360	196,410
position key `pos:10184` · issuer key `iss:1579` COM	TRIM	−$9.1M	−47,734	$21.1M	$12.0M	94,876	47,142
position key `pos:15560` · issuer key `iss:1973` COM	ADD	+$1.8M	+980	$8.3M	$10.1M	137,321	138,301
position key `pos:14206` · issuer key `iss:1193` CL A	TRIM	−$1.4M	−63	$11.2M	$9.8M	19,579	19,516
position key `pos:10732` · issuer key `iss:329` CL A LMT VTG SHS	TRIM	−$1.6M	−902	$10.0M	$8.4M	190,473	189,571
position key `sid:sec:prov:023e6f42af3d708eaf6fe643444b81c2` · issuer key `cusip6:785688` UNIT BEN INT	ADD	+$867K	+1,663	$7.5M	$8.4M	109,487	111,150
position key `pos:18003` · issuer key `iss:1117` COM CL A	TRIM	+$2.0M	−54,489	$6.3M	$8.3M	342,711	288,222
position key `sid:sec:prov:b5a8fc97dbcb7ae527c97957196099cf` · issuer key `cusip6:01881G` UNIT LTD PARTN	ADD	+$686K	+23,706	$7.5M	$8.1M	193,741	217,447
position key `pos:13390` · issuer key `iss:656` COM UT LTD PTN	ADD	+$1.8M	+39,060	$5.9M	$7.7M	359,648	398,708
position key `pos:13670` · issuer key `iss:1168` CL A	ADD	+$1.5M	+3	$6.0M	$7.5M	23,344	23,347
position key `sid:sec:prov:4c893e38587d6a6c4cbf0ec67b69a022` · issuer key `cusip6:63900P` COM UNIT LTD PAR	ADD	+$4.4M	+33,006	$2.6M	$7.0M	24,865	57,871
position key `pos:12354` · issuer key `iss:1963` COM UNIT LP INT	ADD	+$1.7M	+35,659	$5.3M	$7.0M	134,085	169,744
position key `pos:14426` · issuer key `iss:1118` COM LBTY ONE S C	TRIM	−$1.2M	−627	$8.0M	$6.9M	81,617	80,990
position key `pos:14552` · issuer key `iss:711` COM	ADD	+$2.1M	+1,112	$4.6M	$6.7M	38,580	39,692
position key `pos:12498` · issuer key `iss:1272` COM	TRIM	−$877K	−116	$6.9M	$6.0M	70,822	70,706
position key `sid:sec:prov:5c0159d8e365eac662fab857eba96ecb` · issuer key `cusip6:92206C` SHORT TERM TREAS	TRIM	−$685K	−11,338	$6.5M	$5.8M	110,086	98,748
position key `sid:sec:prov:aa0d960e6d28a47cd7b7724f21507107` · issuer key `cusip6:00162Q` ALERIAN MLP	ADD	+$2.8M	+46,213	$2.8M	$5.6M	60,307	106,520
position key `sid:sec:prov:5ae7875d2a13cb0a8efe11633c29839c` · issuer key `cusip6:02072L` ALPHA ARCH 1-3	NEW	+$5.5M	+47,475	$0	$5.5M	—	47,475
position key `pos:10575` · issuer key `iss:1169` CL A	TRIM	+$917K	−1,211	$4.5M	$5.4M	47,463	46,252
position key `pos:10501` · issuer key `iss:779` CL B	TRIM	+$671K	−1,233	$4.7M	$5.4M	93,114	91,881
position key `sid:sec:prov:9526ef8176a828c0817dca9ee93391bc` · issuer key `cusip6:53656F` HORIZON KINETICS	ADD	+$824K	+1,372	$4.4M	$5.2M	98,980	100,352
position key `sid:sec:prov:41da71cdc4386f95a1955e1f35413783` · issuer key `cusip6:53656H` HORIZON KINETICS	ADD	+$471K	+45,448	$4.7M	$5.2M	182,317	227,765
position key `sid:sec:prov:619331c76536294fcd4631f3e96042e7` · issuer key `cusip6:53656G` HORZN KINTCS BL	ADD	+$390K	+10,055	$4.7M	$5.1M	156,000	166,055
position key `cusip:38963P109` · issuer key `cusip6:38963P` TRUST BCH	ADD	−$1.4M	+390	$6.4M	$5.0M	1,486,851	1,487,241
position key `pos:13179` · issuer key `iss:1634` COM	TRIM	−$500K	−2,081	$5.3M	$4.8M	52,662	50,581
position key `pos:13340` · issuer key `iss:666` COM	ADD	+$752K	+2,757	$3.6M	$4.3M	112,063	114,820
position key `pos:12014` · issuer key `iss:157` COM	TRIM	+$850K	−890	$3.5M	$4.3M	60,202	59,312
position key `cusip:20848D105` · issuer key `cusip6:20848D` COM	NEW	+$4.3M	+164,593	$0	$4.3M	—	164,593
position key `pos:15499` · issuer key `iss:23` COM	TRIM	−$287K	−332	$4.5M	$4.2M	19,541	19,209
position key `sid:sec:prov:b677517470c26288287d27f49c01edfd` · issuer key `cusip6:87265H` COM	ADD	+$1.3M	+4	$2.7M	$4.0M	85,962	85,966
position key `pos:16680` · issuer key `iss:1336` COM	TRIM	+$664K	−648	$3.2M	$3.9M	51,872	51,224
position key `pos:13599` · issuer key `iss:1035` COM	TRIM	+$539K	−240	$3.3M	$3.8M	15,949	15,709
position key `pos:15999` · issuer key `cusip6:Y1771G` SHS	TRIM	+$245K	−100	$3.5M	$3.7M	221,950	221,850
position key `pos:18253` · issuer key `iss:1731` COM	ADD	+$1.3M	+1,460	$2.4M	$3.7M	54,777	56,237
position key `pos:15863` · issuer key `iss:1123` COM	TRIM	−$766K	−141	$4.4M	$3.6M	4,106	3,965
position key `pos:11059` · issuer key `iss:322` COM	ADD	−$955K	+1,753	$4.6M	$3.6M	20,423	22,176
position key `pos:17751` · issuer key `iss:1214` COM	ADD	+$451K	+236	$3.0M	$3.4M	28,147	28,383
position key `sid:sec:prov:1af177d0715d9d6475975bd73addf6d3` · issuer key `cusip6:670657` COM	ADD	−$106K	+1,057	$3.4M	$3.3M	295,249	296,306
position key `pos:15198` · issuer key `iss:1445` COM	TRIM	+$78.8K	−117	$3.2M	$3.3M	19,851	19,734
position key `pos:14260` · issuer key `iss:625` COM	ADD	−$265K	+122	$3.5M	$3.2M	16,743	16,865
position key `pos:18187` · issuer key `iss:1040` COM NEW	TRIM	−$279K	−687	$3.5M	$3.2M	2,845	2,158
position key `pos:10743` · issuer key `iss:1088` COM	TRIM	+$403K	−235	$2.8M	$3.2M	9,388	9,153
position key `pos:16421` · issuer key `iss:730` COM	ADD	+$2.2M	+423,725	$870K	$3.1M	108,701	532,426
position key `sid:sec:prov:9dfaba80f74b75212936b47f6bb5c0e5` · issuer key `cusip6:759720` COM	ADD	+$766K	+46,116	$2.2M	$3.0M	865,948	912,064
position key `pos:13432` · issuer key `iss:411` COM	TRIM	+$272K	−500	$2.6M	$2.9M	4,617	4,117
position key `pos:11944` · issuer key `iss:454` COM	TRIM	−$90.7K	−1,450	$3.0M	$2.9M	38,941	37,491
position key `pos:11717` · issuer key `iss:440` COM	ADD	+$869K	+690	$2.0M	$2.9M	13,328	14,018
position key `pos:17321` · issuer key `iss:81` UT LTD PART	ADD	+$1.4M	+40,568	$1.5M	$2.9M	64,141	104,709
position key `pos:15008` · issuer key `iss:318` COM	TRIM	+$278K	−404	$2.4M	$2.7M	45,110	44,706
position key `pos:12576` · issuer key `iss:622` COM	ADD	+$495K	+1,268	$2.2M	$2.7M	41,253	42,521
position key `sid:sec:prov:0b9d08f4dbf1ab726b6c9f5108f04079` · issuer key `cusip6:59124U` COM NEW	TRIM	−$466K	−100	$3.1M	$2.7M	404,397	404,297
position key `pos:16020` · issuer key `iss:1118` COM LBTY ONE S A	TRIM	−$557K	−1,926	$3.2M	$2.7M	36,018	34,092
position key `pos:15015` · issuer key `iss:92` COM	ADD	+$345K	+350	$2.2M	$2.6M	38,607	38,957
position key `pos:11825` · issuer key `iss:1225` COM	TRIM	−$923K	−284	$3.5M	$2.6M	7,208	6,924

Flags: no row carries a flag.

1–20 of the 100 changes on this page

Mark-to-market only (no share change) · 70

Positions whose share count is identical in both quarters; the value changed with price, not with a decision.

Positions held with no share change into quarter 2026-03-31
position matched across quarters by exact reported CUSIP over a registry gap — producer-reconciled identity, never a name match `identity_reconciled_by_cusip`	the reported share count is unchanged across the pair; this build's data classified the change from its reported value; builds from 2026-09-10 on read it as NO CHANGE `classified_by_value` · EXIT = absent this quarter: disposed, delisted, under confidential treatment, or reported instead by an affiliated manager — the filing does not say which · change not classifiable: value undisclosed on one side of the quarter pair, or neither shares nor value can classify it · NO CHANGE = the share count is identical in both quarters; the value moved only with price, so the row is mark-to-market and never an ADD or a TRIM (NEW / ADD / TRIM / EXIT / NO CHANGE) · NO PRIOR = this filer has no comparable holdings list for the previous quarter on record — a first filing under this registration, or a quarter reported inside an affiliated manager's filing — so the position is not called a new stake	derived by Public Filings from the published aggregate; NULL means the source did not disclose a usable value — never zero	Prev value	Curr value	Prev shares	Curr shares
position key `sid:sec:prov:386c1d9e5245de61eaeb54431a3b8db8` · issuer key `cusip6:53656G` HORZN KNTCS SPAC	NO CHANGE	+$3.7K	$6.5M	$6.5M	71,954	71,954
position key `pos:11906` · issuer key `iss:1183` COM	NO CHANGE	−$495K	$4.5M	$4.0M	2,102	2,102
position key `pos:14072` · issuer key `iss:1416` COM	NO CHANGE	+$1.2M	$1.6M	$2.8M	258,608	258,608
position key `pos:16193` · issuer key `iss:1909` COM CL A	NO CHANGE	+$976K	$1.8M	$2.8M	11,025	11,025
position key `sid:sec:prov:5e87afee90298bcc5c39881f8e0512f6` · issuer key `cusip6:09225M` COM UNIT	NO CHANGE	+$277K	$2.0M	$2.3M	151,238	151,238
position key `sid:sec:prov:e0d051da1ea4170ba22c4d8fa4aa56a5` · issuer key `cusip6:03837C` COM	NO CHANGE	+$117K	$2.2M	$2.3M	615,000	615,000
position key `sid:sec:prov:3e55650245df198d522fef9ff191c5fd` · issuer key `cusip6:33817P` COM NEW	NO CHANGE	−$320K	$2.5M	$2.2M	154,456	154,456
position key `pos:11063` · issuer key `iss:1009` COM	NO CHANGE	+$353K	$1.5M	$1.9M	18,405	18,405
position key `sid:sec:prov:127f0021d8310eeeecdea8298c5f12e5` · issuer key `cusip6:922908` S&P 500 ETF SHS	NO CHANGE	−$87.1K	$1.8M	$1.8M	2,944	2,944
position key `pos:15963` · issuer key `iss:1936` COM	NO CHANGE	+$79.2K	$1.4M	$1.5M	22,000	22,000
position key `pos:12848` · issuer key `iss:1921` COM CL A	NO CHANGE	−$226K	$1.6M	$1.4M	4,666	4,666
position key `pos:16768` · issuer key `iss:1903` COM	NO CHANGE	−$238K	$1.6M	$1.3M	7,000	7,000
position key `sid:sec:prov:a1bd2f883bff3b6e61837a17f4244274` · issuer key `cusip6:72201J` COM	NO CHANGE	−$117K	$1.4M	$1.3M	191,463	191,463
position key `sid:sec:prov:5729fcac961d64a8e664a6fe68e3e839` · issuer key `cusip6:G40705` USD SHS	NO CHANGE	−$416K	$1.7M	$1.3M	41,029	41,029
position key `pos:12020` · issuer key `cusip6:G17434` CL A EXCHANGEAB	NO CHANGE	−$140K	$1.4M	$1.3M	30,737	30,737
position key `pos:12950` · issuer key `iss:357` COM	NO CHANGE	+$93.3K	$853K	$946K	12,197	12,197
position key `sid:sec:prov:4fb93042e8f09d85531fc28aa62abea0` · issuer key `cusip6:67072T` COM	NO CHANGE	−$37.0K	$934K	$897K	119,308	119,308
position key `pos:12525` · issuer key `iss:1319` COM	NO CHANGE	−$5.2K	$876K	$870K	3,033	3,033
position key `sid:sec:prov:c81f0ed5e043c0f3945055af5e46d962` · issuer key `cusip6:06748M` IPATH S&P 500 SH CALL	NO CHANGE	$0	$758K	$758K	10,100	10,100
position key `pos:11871` · issuer key `iss:1011` ISHARES NEW	NO CHANGE	+$59.9K	$695K	$755K	8,566	8,566
position key `sid:sec:prov:ec7538d4b127b8796b4d6ac8d848b701` · issuer key `cusip6:72201H` COM	NO CHANGE	−$40.1K	$786K	$746K	93,252	93,252
position key `pos:11020` · issuer key `iss:255` CL A	NO CHANGE	−$36.7K	$755K	$718K	1	1
position key `pos:13697` · issuer key `iss:507` CL A	NO CHANGE	+$56.3K	$645K	$701K	4,673	4,673
position key `pos:17525` · issuer key `iss:631` COM	NO CHANGE	+$28.8K	$640K	$669K	7,347	7,347
position key `sid:sec:prov:5c80d966d9c6c0bf45a118053138fe3f` · issuer key `cusip6:09255X` COM	NO CHANGE	−$45.1K	$698K	$653K	59,291	59,291
position key `pos:13926` · issuer key `iss:1811` CL A	NO CHANGE	+$53.5K	$568K	$622K	5,283	5,283
position key `sid:sec:prov:22f30038b7e9569f50e9ad34c0e3070a` · issuer key `cusip6:19247L` COM	NO CHANGE	+$31.5K	$571K	$603K	50,033	50,033
position key `sid:sec:prov:2ebaaa42ac21ece1774b2d90b0541929` · issuer key `cusip6:85207H` PHYSICAL GOLD TR	NO CHANGE	+$39.4K	$537K	$576K	16,262	16,262
position key `pos:16839` · issuer key `iss:1330` ADR	NO CHANGE	−$217K	$781K	$564K	15,350	15,350
position key `pos:16286` · issuer key `iss:1862` COM	NO CHANGE	−$61.1K	$612K	$551K	756	756
position key `pos:12280` · issuer key `iss:218` COM	NO CHANGE	+$83.8K	$458K	$541K	2,647	2,647
position key `sid:sec:prov:b3eac0049a05318940034d59e570785c` · issuer key `cusip6:746228` COM NEW	NO CHANGE	−$47.0K	$555K	$508K	50,531	50,531
position key `pos:14585` · issuer key `iss:1246` CL A	NO CHANGE	+$31.4K	$444K	$475K	8,244	8,244
position key `pos:13878` · issuer key `iss:853` COM	NO CHANGE	+$51.4K	$407K	$458K	8,700	8,700
position key `pos:16000` · issuer key `iss:215` SPONSORED ADR	NO CHANGE	+$116K	$329K	$445K	9,466	9,466
position key `pos:17983` · issuer key `iss:799` COM	NO CHANGE	−$82.4K	$505K	$423K	1,953	1,953
position key `sid:sec:prov:4144caf71bf89dd825492162df303974` · issuer key `cusip6:64124P` COM	NO CHANGE	+$1.2K	$419K	$420K	41,396	41,396
position key `sid:sec:prov:57ff8c44ef651ab87c492c47ff5fe1f0` · issuer key `cusip6:092508` COM	NO CHANGE	−$29.6K	$439K	$409K	40,534	40,534
position key `sid:sec:prov:dade0ba9bd8f6a75283228b30b12dfd5` · issuer key `cusip6:31423P` COM	NO CHANGE	−$6.2K	$380K	$373K	34,170	34,170
position key `sid:sec:prov:a169db3bc5c1a1712255fa982183c448` · issuer key `cusip6:315948` SHS	NO CHANGE	−$97.7K	$433K	$335K	5,681	5,681
position key `pos:15892` · issuer key `iss:7` COM	NO CHANGE	−$1.7K	$331K	$329K	3,000	3,000
position key `cusip:38964G108` · issuer key `cusip6:38964G` TR ZEC COM	NO CHANGE	−$163K	$477K	$314K	15,173	15,173
position key `sid:sec:prov:30739bda09a18cee9e2495176123be0c` · issuer key `cusip6:624580` COM	NO CHANGE	+$45.6K	$247K	$293K	12,000	12,000
position key `pos:17819` · issuer key `iss:437` COM UNIT	NO CHANGE	+$44.6K	$214K	$259K	4,000	4,000
position key `pos:10434` · issuer key `iss:482` COM	NO CHANGE	+$18.5K	$235K	$254K	2,978	2,978
position key `pos:16172` · issuer key `iss:1141` COM	NO CHANGE	−$5.2K	$258K	$252K	1,068	1,068
position key `pos:17928` · issuer key `iss:1322` COM	NO CHANGE	+$40.3K	$205K	$246K	360	360
position key `sid:sec:prov:1984ee83c86a0ad15ff958310cb79de5` · issuer key `cusip6:74347Y` VIX SHT TERM FUT CALL	NO CHANGE	−$91.5K	$336K	$244K	6,100	6,100
position key `pos:14039` · issuer key `iss:112` COM	NO CHANGE	−$4.2K	$246K	$242K	1,400	1,400
position key `pos:15433` · issuer key `iss:1290` COM	NO CHANGE	+$5.8K	$226K	$232K	2,410	2,410
position key `pos:17573` · issuer key `iss:815` COM	NO CHANGE	−$37.7K	$269K	$232K	2,190	2,190
position key `pos:12693` · issuer key `iss:114` COM	NO CHANGE	+$9.3K	$218K	$227K	1,671	1,671
position key `pos:15125` · issuer key `iss:1798` COM	NO CHANGE	−$38.5K	$254K	$215K	438	438
position key `sid:sec:prov:c329c4c56129af78e4b26c6676ed9588` · issuer key `cusip6:27828Q` COM	NO CHANGE	−$12.0K	$223K	$211K	20,001	20,001
position key `pos:16356` · issuer key `iss:795` COMMON STOCK	NO CHANGE	−$31.6K	$239K	$207K	2,911	2,911
position key `sid:sec:prov:8b4b6b1f1d26b91aa3f7718480359a3d` · issuer key `cusip6:67061T` SH BEN INT	NO CHANGE	+$3.0K	$200K	$203K	21,500	21,500
position key `pos:17214` · issuer key `iss:298` COM	NO CHANGE	−$18.2K	$218K	$200K	1,006	1,006
position key `sid:sec:prov:e432f1e0cc6bae1a68a7f07d81204188` · issuer key `cusip6:505743` CL A	NO CHANGE	−$22.0K	$198K	$176K	18,000	18,000
position key `sid:sec:prov:2ff3635b66d66eaaa1a1d5cdeb830341` · issuer key `cusip6:27827X` COM	NO CHANGE	+$708	$172K	$173K	17,692	17,692
position key `sid:sec:prov:48a9ac42524f0691945bb7d0b1aa13e6` · issuer key `cusip6:69323T` COM	NO CHANGE	−$10.5K	$151K	$140K	24,532	24,532
position key `sid:sec:prov:61e2d4bdf7d10ccd087e59e012a6baab` · issuer key `cusip6:112830` SHS BEN INT	NO CHANGE	−$1.1K	$139K	$138K	10,755	10,755
position key `sid:sec:prov:df0061763acbdca4ce24782bd3f32031` · issuer key `cusip6:091941` COM	NO CHANGE	−$7.2K	$144K	$136K	12,678	12,678
position key `sid:sec:prov:2bd92eef7a3fe39b445b98fa88a78283` · issuer key `cusip6:67073B` COM	NO CHANGE	−$9.4K	$133K	$124K	16,426	16,426
position key `sid:sec:prov:5117cc58e2a81b54f21e6655c5933329` · issuer key `cusip6:27828H` COM	NO CHANGE	−$5.7K	$123K	$117K	12,417	12,417
position key `sid:sec:prov:809be8ac4132e5c14d227bbfe4b1f8d4` · issuer key `cusip6:72200W` COM	NO CHANGE	+$452	$113K	$114K	15,050	15,050
position key `sid:sec:prov:93edbc8c872ecb8eb1338a5365e184f5` · issuer key `cusip6:27826S` SH BEN INT	NO CHANGE	−$6.1K	$115K	$108K	21,730	21,730
position key `pos:14962` · issuer key `cusip6:670928` COM	NO CHANGE	−$808	$105K	$104K	11,550	11,550
position key `sid:sec:prov:a1f8681eccd91f5b4f542eba9d48b925` · issuer key `cusip6:09173B` COM	NO CHANGE	−$7.3K	$43.0K	$35.7K	18,300	18,300
position key `cusip:38963U108` · issuer key `cusip6:38963U` TOKEN TRUST	NO CHANGE	−$2.1K	$3.3K	$1.2K	2,089	2,089
position key `cusip:38964P108` · issuer key `cusip6:38964P` TRUST	NO CHANGE	−$168	$717	$549	691	691

Flags: no row carries a flag.

Newest filing in this build: 2026-07-31. Per-row filing dates are on each receipt.

Truncated by Public Filings. Changes compare every position with a security identifier, new and exited included; holdings without one are counted, not compared. methodology §13F ↗

Reported positions — 2026-03-31

1–100 of 325 issuers · $9.2B disclosed value over 353 rows · 0 undisclosed-value rows

View

This build carries one quarter for this manager: 2026-03-31. Notable managers carry four published quarters, others two.

This list carries reported issuer names and security identities, without a dated ticker mapping. Symbols are not inferred from names.

a position composed from a base filing plus NEW-HOLDINGS amendments keeps every source row here; the composition's latest filed date is the one shown served from this build's published holdings (derived from the filer's own reported rows); every row resolves to its filing

Share of total reported value, calculated only when the full position list has disclosed values. This is 13F long value, not total assets.

value undisclosed on the filing: retained and counted, excluded from sums, never shown as $0

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

TEXAS PACIFIC LAND CORPORATI · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$4.8B

10,015,379

51.5%

—

GRAYSCALE BITCOIN TRUST ETF · SHS REP COM UT CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$739M

14,004,882

8.0%

—

LANDBRIDGE COMPANY LLC · CL A CUSIP 514952100
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$391M

5,657,134

4.2%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

HAWAIIAN ELEC INDS INC MTN B · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$321M

21,635,294

3.5%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

WHEATON PRECIOUS METALS CORP · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$231M

1,761,519

2.5%

—

WATERBRIDGE INFRASTRUCTURE L · CL A SHS REPSTG CUSIP 940923105
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$197M

7,342,147

2.1%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

FRANCO NEV CORP · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$187M

757,297

2.0%

—

PERMIAN BASIN RTY TR · UNIT BEN INT CUSIP 714236106
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$137M

6,379,692

1.5%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

MIAMI INTL HLDGS INC · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$134M

3,451,549

1.5%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

INTERCONTINENTAL EXCHANGE IN · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$132M

838,899

1.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CHENIERE ENERGY INC · COM NEW CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$119M

420,328

1.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CBOE GLOBAL MKTS INC · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$115M

410,066

1.2%

—

MESABI TR · CTF BEN INT CUSIP 590672101
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$98.9M

3,140,972

1.1%

—

GRAYSCALE BITCOIN MINI TR ET · SHS NEW CUSIP 389930207
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$90.1M

3,004,416

1.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CACI INTL INC · CL A CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$84.1M

154,648

0.9%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CME GROUP INC · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$79.8M

270,253

0.9%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

VIPER ENERGY INC · CL A CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$78.1M

1,662,641

0.8%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CAMECO CORP · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$70.8M

651,825

0.8%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

OR ROYALTIES INC. · COM SHS CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$66.7M

1,754,144

0.7%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

BROOKFIELD CORP · CL A LTD VT SH CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$63.6M

1,571,936

0.7%

—

CIVEO CORP CDA · COM NEW CUSIP 17878Y207
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$62.2M

2,352,353

0.7%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

AUTONATION INC · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$43.9M

225,053

0.5%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

BUNGE GLOBAL SA · COM SHS CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$42.9M

336,944

0.5%

—

TEJON RANCH CO · COM CUSIP 879080109
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$35.8M

1,902,606

0.4%

—

HORIZON KINETICS HLDG CORP COM · COM CUSIP 439913104
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$35.5M

1,075,416

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ST JOE CO · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$34.1M

542,609

0.4%

—

SAN JUAN BASIN RTY TR · UNIT BEN INT CUSIP 798241105
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$33.6M

6,978,841

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ISHARES BITCOIN TRUST ETF · SHS BEN INT CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$30.5M

793,343

0.3%

—

SPROTT INC · COM NEW CUSIP 852066208
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$29.6M

206,997

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

WHITE MTNS INS GROUP LTD · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$28.8M

13,112

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

MARSH & MCLENNAN COS INC · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$26.3M

151,341

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CARNIVAL CORP · COMMON STOCK CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$24.8M

957,653

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

LIVE NATION ENTERTAINMENT IN · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$24.0M

157,169

0.3%

—

DORCHESTER MINERALS L P · COM UNIT CUSIP 25820R105
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$23.3M

860,226

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

GALAXY DIGITAL INC. · CL A CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$23.1M

1,250,969

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

PENSKE AUTOMOTIVE GRP INC · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$21.3M

142,507

0.2%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

BERKSHIRE HATHAWAY INC DEL

2 positions · 2 reported rows

Rows HORIZON KINETICS ASSET MANAGEMENT LLC reported for BERKSHIRE HATHAWAY INC DEL, as it reported them
BERKSHIRE HATHAWAY INC DEL · CL B NEW CUSIP — src ↗	$18.2M	38,033
BERKSHIRE HATHAWAY INC DEL · CL A CUSIP — src ↗	$718K	1

$18.9M

38,034

0.2%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

RB GLOBAL INC · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$17.9M

186,731

0.2%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

STRATEGY INC · CL A NEW CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$17.4M

139,253

0.2%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

OSHKOSH CORP · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$17.0M

115,789

0.2%

—

VANGUARD BD INDEX FDS · VANGUARD ULTRA CUSIP 92203C303
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$16.9M

339,054

0.2%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ROYALTY PHARMA PLC · SHS CLASS A CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$16.3M

340,783

0.2%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

DIGITALBRIDGE GROUP INC · CL A NEW CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$14.5M

939,380

0.2%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

TRIPLE FLAG PRECIOUS METAL · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$14.4M

413,430

0.2%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ROYAL CARIBBEAN GROUP · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$14.2M

51,698

0.2%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

INTERPARFUMS INC · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$12.6M

138,333

0.1%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

HOWARD HUGHES HOLDINGS INC · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$12.4M

196,410

0.1%

—

LISTED FDS TR

4 positions · 4 reported rows

Rows HORIZON KINETICS ASSET MANAGEMENT LLC reported for LISTED FDS TR, as it reported them
LISTED FDS TR · HORZN KNTCS SPAC CUSIP 53656G555 src ↗	$6.5M	71,954
LISTED FDS TR · HORZN KINTCS BL CUSIP 53656G209 src ↗	$5.1M	166,055
LISTED FDS TR · HORIZON KINETICS CUSIP 53656G514 src ↗	$361K	8,960
LISTED FDS TR · HORIZON KINETICS CUSIP 53656G563 src ↗	$173K	5,189

ticker not yet mapped

$12.2M

252,158

0.1%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ROYAL GOLD INC · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$12.0M

47,142

0.1%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

WILLIAMS COS INC · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$10.1M

138,301

0.1%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

MASTERCARD INCORPORATED · CL A CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$9.8M

19,516

0.1%

LIBERTY MEDIA CORP DEL

2 positions · 2 reported rows

Rows HORIZON KINETICS ASSET MANAGEMENT LLC reported for LIBERTY MEDIA CORP DEL, as it reported them
LIBERTY MEDIA CORP DEL · COM LBTY ONE S C CUSIP — src ↗	$6.9M	80,990
LIBERTY MEDIA CORP DEL · COM LBTY ONE S A CUSIP — src ↗	$2.7M	34,092

$9.5M

115,082

0.1%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

BROOKFIELD ASSET MANAGMT LTD · CL A LMT VTG SHS CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$8.4M

189,571

0.1%

—

SABINE RTY TR · UNIT BEN INT CUSIP 785688102
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$8.4M

111,150

0.1%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

LIBERTY ENERGY INC · COM CL A CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$8.3M

288,222

0.1%

—

ALLIANCEBERNSTEIN HLDG L P · UNIT LTD PARTN CUSIP 01881G106
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$8.1M

217,447

0.1%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ENERGY TRANSFER L P

2 positions · 2 reported rows

Rows HORIZON KINETICS ASSET MANAGEMENT LLC reported for ENERGY TRANSFER L P, as it reported them
ENERGY TRANSFER L P · COM UT LTD PTN CUSIP — src ↗	$7.7M	398,708
ENERGY TRANSFER L P · 9.250% FXD PFD I CUSIP — src ↗	$96.0K	8,300

$7.8M

407,008

0.1%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

MADISON SQUARE GRDN SPRT COR · CL A CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$7.5M

23,347

0.1%

—

NATURAL RESOURCE PARTNERS LP · COM UNIT LTD PAR CUSIP 63900P608
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$7.0M

57,871

0.1%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

WESTERN MIDSTREAM PARTNERS L · COM UNIT LP INT CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$7.0M

169,744

0.1%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

EXXON MOBIL CORP · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$6.7M

39,692

0.1%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

NASDAQ INC · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$6.0M

70,706

0.1%

—

VANGUARD SCOTTSDALE FDS · SHORT TERM TREAS CUSIP 92206C102
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$5.8M

98,748

0.1%

—

ALPS ETF TR · ALERIAN MLP CUSIP 00162Q452
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$5.6M

106,520

0.1%

—

LISTED FDS TR

2 positions · 2 reported rows

Rows HORIZON KINETICS ASSET MANAGEMENT LLC reported for LISTED FDS TR, as it reported them
LISTED FDS TR · HORIZON KINETICS CUSIP 53656H835 src ↗	$5.2M	227,765
LISTED FDS TR · HORIZON KINETICS CUSIP 53656H728 src ↗	$443K	15,737

ticker not yet mapped

$5.6M

243,502

0.1%

—

EA SERIES TRUST · ALPHA ARCH 1-3 CUSIP 02072L565
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$5.5M

47,475

0.1%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

SPHERE ENTERTAINMENT CO · CL A CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$5.4M

46,252

0.1%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

FREEPORT MCMORAN INC · CL B CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$5.4M

91,881

0.1%

—

LISTED FDS TR

2 positions · 2 reported rows

Rows HORIZON KINETICS ASSET MANAGEMENT LLC reported for LISTED FDS TR, as it reported them
LISTED FDS TR · HORIZON KINETICS CUSIP 53656F623 src ↗	$5.2M	100,352
LISTED FDS TR · ROUNDHILL BALL CUSIP 53656F417 src ↗	$2.5K	155

ticker not yet mapped

$5.2M

100,507

0.1%

—

GRAYSCALE BITCOIN CASH TRUST BCH · TRUST BCH CUSIP 38963P109
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$5.0M

1,487,241

0.1%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

SCIENCE APPLICATIONS INTL CO · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$4.8M

50,581

0.1%

verified against the SEC company list on 2026-09-11 — a reviewed mapping row for this filed issuer name and class (never inferred)

ENTERPRISE PRODS PARTNERS L · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$4.3M

114,820

0.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ARCHER DANIELS MIDLAND CO · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$4.3M

59,312

0.0%

—

CONSENSUS MINING & SEIGNIORAGE CORP COM · COM CUSIP 20848D105
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$4.3M

164,593

0.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ABBVIE INC · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$4.2M

19,209

0.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

MARKEL GROUP INC · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$4.0M

2,102

0.0%

—

TRI POINTE HOMES INC · COM CUSIP 87265H109
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$4.0M

85,966

0.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

NUTRIEN LTD · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$3.9M

51,224

0.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

JOHNSON & JOHNSON · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$3.8M

15,709

0.0%

—

COSTAMARE INC · SHS CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$3.7M

221,850

0.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

SUNCOR ENERGY INC NEW · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$3.7M

56,237

0.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ELI LILLY & CO · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$3.6M

3,965

0.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

BROADRIDGE FINL SOLUTIONS IN · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$3.6M

22,176

0.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

MERCK & CO INC · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$3.4M

28,383

0.0%

—

VANGUARD INDEX FDS

5 positions · 5 reported rows

Rows HORIZON KINETICS ASSET MANAGEMENT LLC reported for VANGUARD INDEX FDS, as it reported them
VANGUARD INDEX FDS · S&P 500 ETF SHS CUSIP 922908363 src ↗	$1.8M	2,944
VANGUARD INDEX FDS · EXTEND MKT ETF CUSIP — src ↗	$1.2M	6,046
VANGUARD INDEX FDS · TOTAL STK MKT CUSIP — src ↗	$296K	922
VANGUARD INDEX FDS · SMALL CP ETF CUSIP — src ↗	$57.4K	219
VANGUARD INDEX FDS · SM CP VAL ETF CUSIP — src ↗	$29.3K	135

ticker not yet mapped

$3.4M

10,266

0.0%

—

NUVEEN AMT FREE QLTY MUN INC · COM CUSIP 670657105
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$3.3M

296,306

0.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

PHILIP MORRIS INTL INC · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$3.3M

19,734

0.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

EAGLE MATLS INC · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$3.2M

16,865

0.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

KLA CORP · COM NEW CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$3.2M

2,158

0.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

L3HARRIS TECHNOLOGIES INC · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$3.2M

9,153

0.0%

—

ATLANTA BRAVES HLDGS INC

2 positions · 2 reported rows

Rows HORIZON KINETICS ASSET MANAGEMENT LLC reported for ATLANTA BRAVES HLDGS INC, as it reported them
ATLANTA BRAVES HLDGS INC · COM SER C CUSIP 047726302 src ↗	$2.0M	45,931
ATLANTA BRAVES HLDGS INC · COM SER A CUSIP 047726104 src ↗	$1.2M	25,208

ticker not yet mapped

$3.1M

71,139

0.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

FERMI INC · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$3.1M

532,426

0.0%

—

RENN FD INC · COM CUSIP 759720105
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$3.0M

912,064

0.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CATERPILLAR INC · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$2.9M

4,117

0.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CISCO SYS INC · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$2.9M

37,491

0.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CHEVRON CORPORATION · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$2.9M

14,018

0.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ALLIANCE RESOURCE PARTNERS L · UT LTD PART CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$2.9M

104,709

0.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

PATTERSON-UTI ENERGY INC · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$2.8M

258,608

0.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

VERTIV HOLDINGS CO · COM CL A CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$2.8M

11,025

0.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

BRISTOL-MYERS SQUIBB CO · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$2.7M

44,706

0.0%

1–20 of the 100 issuers on this page

Change kind and share change are in Position changes above; Congress overlap is planned.

One line per issuer, largest first; a row with no issuer key stands on its own line. Open a line for its rows as this filer reported them. The list holds every row this filer reported for the quarter. Issuer totals on the holders pages count each manager's own report once; that never removes a row here. how positions are grouped ↗

Book shape

2026-03-31 · concentration · vs tracked median · tick = median

Top-25 concentration: 90.0%above median 80.0%
Concentration index: 2,778 bpsabove median 446 bps
Positions with value: 353 / 353median book 97.5 positions

Concentration uses reported 13F long value, not total assets. The index is withheld when any position lacks a value. Medians are over the 8,748 tracked filers with a 2026-03-31 book; the index median over the 8,662 with a complete book.

holdings whose <value> did not parse — retained and counted, never zero-filled: 0 · share of the period's disclosed value held in the top-N positions; denominator is reported 13F value, not total assets: 90.0% · integer Herfindahl–Hirschman index in basis points over disclosed position values: 2,778 · QoQ moves: 368

Filing history

AVAILABLE QUARTERS

Available filing periods
Period	Source
2026-03-31	EDGAR ↗

PLANNED sector rotation · Congress overlap · signals for this filer

Complete source filings on SEC EDGAR

The complete filing on EDGAR.

The position list above is served from the published Public Filings build, each position as this filer reported it; where the page cannot embed every reported row, the list says how many it leaves out. This block is provenance, not a substitute: the filing itself is the record, and it is one click away. Public Filings decided on 2026-08-01 to serve this list from its published build; filings newer than this build are on EDGAR.

Open HORIZON KINETICS ASSET MANAGEMENT LLC's 13F filings on SEC EDGAR ↗

Notes on this data

Reported positions

Quarter-end holdings as filed

Explore the full published position list and its source filing. This record excludes the manager’s cash, shorts and non-13(f) assets.

Share changes

Compare consecutive quarters

Position changes retain the producer’s classification and comparability flags. Share counts and reported values describe different changes.

Coverage

A snapshot, not current holdings

Use the quarter selector to inspect available periods. Unknown values stay unknown and each table states its coverage.

A 13F is a quarterly, long-only snapshot filed up to 45 days late — not current holdings. what a 13F covers ↗

13F reports cover LONG positions in Section 13(f) securities (US exchange-traded equities plus reportable options, warrants, certain convertibles) held by managers with at least $100M in such securities — so managers below that threshold are absent entirely. No short positions, no cash, no non-13(f) assets — not a full portfolio, and not a census of institutional ownership.

Positions are quarter-end snapshots filed up to 45 days late — not current holdings. A position may have been changed or closed before you ever see it, and is older still by however long ago that quarter ended.

Values are the manager's stated market value at quarter-end in era-dependent units (whole dollars for form versions effective 2023-01-03 onward, thousands before), normalized here to whole dollars with unit_basis carried on every record.

Affiliated managers may report the same position (otherManager), so one position can appear under more than one filer.

Positions under confidential treatment may be omitted until a later amendment discloses them.

These are disclosures, not investment advice (ARCHITECTURE.md §5.2 / M2-CONTRACT §5).