Whale Analyzer
Horizon Kinetics Asset Management 13F Holdings and Portfolio Changes
Horizon Kinetics Asset Management reported $8.82B in 13F securities for Q2 2026, with 351 positions. Values are as of the report date; option positions, when present, use underlying-security values. This is not complete fund assets or investment performance.
Open interactive portfolioLatest 13F portfolio changes
New or increased positions include LANDBRIDGE COMPANY LLC (LB), HAWAIIAN ELEC INDS INC MTN B (HE), MIAMI INTL HLDGS (MIAX), and WATERBRIDGE INFRASTRUCTURE L (WBI). Reduced or exited positions include TEXAS PACIFIC LAND CORPORATI (TPL), GRAYSCALE BITCOIN TRUST ETF (GBTC), WHEATON PRECIOUS METALS (WPM), and CHENIERE ENERGY (LNG). These are comparisons between reported positions, not a record of execution dates, prices or cash traded.
Latest filing metadata: quarter Q2 2026; report date 2026-06-30; filing date 2026-08-11; disclosure source SEC 13F.
Reported holdings and concentration
Horizon Kinetics Asset Management's Q2 2026 13F report contains 351 positions valued at $8.82B. The largest reported holdings include TEXAS PACIFIC LAND CORPORATI, GRAYSCALE BITCOIN TRUST ETF, LANDBRIDGE COMPANY LLC, HAWAIIAN ELEC INDS INC MTN B, and MIAMI INTL HLDGS.
The three largest positions in the holdings table account for approximately 60.1% of reported 13F value. The largest reported sector exposure is Energy at 51.1% of the disclosed portfolio.
The filing metadata lists report date 2026-06-30, filing date 2026-08-11, SEC accession 0001398344-26-014047. SEC 13F reports are normally published up to 45 days after quarter end, so the data is best used to understand institutional positioning after the fact rather than to infer today's exact portfolio.
Horizon Kinetics Asset Management portfolio analytics
the top five positions account for 66.9% of disclosed value; the largest sector exposure is Energy at 51.1%.
Top reported holdings
| Holding | Reported value | Weight | Quarter change |
|---|---|---|---|
| TPL whale holders TEXAS PACIFIC LAND CORPORATI | $4.29B | 48.6% | Reduced |
| GBTC whale holders GRAYSCALE BITCOIN TRUST ETF | $552.6M | 6.3% | Reduced |
| LB whale holders LANDBRIDGE COMPANY LLC | $461.3M | 5.2% | Increased |
| HE whale holders HAWAIIAN ELEC INDS INC MTN B | $303.0M | 3.4% | Increased |
| MIAX whale holders MIAMI INTL HLDGS INC | $291.4M | 3.3% | Increased |
| WBI whale holders WATERBRIDGE INFRASTRUCTURE L | $262.2M | 3.0% | Increased |
| WPM whale holders WHEATON PRECIOUS METALS CORP | $189.5M | 2.1% | Reduced |
| PBT whale holders PERMIAN BASIN RTY TR | $168.5M | 1.9% | Increased |
| FNV whale holders FRANCO NEV CORP | $161.2M | 1.8% | Increased |
| BTC whale holders GRAYSCALE BITCOIN MINI TR ET | $157.5M | 1.8% | Increased |
New and increased positions
Largest reported position values among additions; not amounts spent buying.
- LB whale holders — LANDBRIDGE COMPANY LLC ($461.3M)
- HE whale holders — HAWAIIAN ELEC INDS INC MTN B ($303.0M)
- MIAX whale holders — MIAMI INTL HLDGS INC ($291.4M)
- WBI whale holders — WATERBRIDGE INFRASTRUCTURE L ($262.2M)
- PBT whale holders — PERMIAN BASIN RTY TR ($168.5M)
- FNV whale holders — FRANCO NEV CORP ($161.2M)
Reduced and exited positions
Sorted by reported position value; exits use the prior report. These are not sale proceeds.
- TPL whale holders — TEXAS PACIFIC LAND CORPORATI ($4.29B)
- GBTC whale holders — GRAYSCALE BITCOIN TRUST ETF ($552.6M)
- WPM whale holders — WHEATON PRECIOUS METALS CORP ($189.5M)
- LNG whale holders — CHENIERE ENERGY INC ($96.1M)
- CVEO whale holders — CIVEO CORP CDA ($80.2M)
- CACI whale holders — CACI INTL INC ($71.2M)
Allocation
- Energy: 51.1%
- Other: 30.4%
- Digital Assets: 8.4%
- Financials: 4.1%
- Materials: 2.0%
- ETF / Fund: 0.7%
- Information Technology: 0.7%
- Health Care: 0.5%
Data notes
Report date: 2026-06-30
Disclosure source: SEC 13F
Read the original SEC filing (0001398344-26-014047)
SEC 13F filings are delayed public disclosures and do not include every asset class, short positions, or real-time trades.
Related investor portfolios
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- First Eagle Investment Management 13F holdings and portfolio changes — First Eagle Investment Management
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- Greenlea Lane Capital 13F holdings and portfolio changes — Greenlea Lane Capital
- Pershing Square Capital 13F holdings and portfolio changes — Pershing Square Capital
- Oaktree Capital Management 13F holdings and portfolio changes — Oaktree Capital Management
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Questions about this 13F filing
What does Horizon Kinetics Asset Management report for Q2 2026?
The filing reports 351 positions and $8.82B in 13F securities. The holdings table shows reported values and weights; option values follow the filing's reporting conventions.
What changed between filings?
New or increased positions include LANDBRIDGE COMPANY LLC (LB), HAWAIIAN ELEC INDS INC MTN B (HE), MIAMI INTL HLDGS (MIAX), and WATERBRIDGE INFRASTRUCTURE L (WBI). Reduced or exited positions include TEXAS PACIFIC LAND CORPORATI (TPL), GRAYSCALE BITCOIN TRUST ETF (GBTC), WHEATON PRECIOUS METALS (WPM), and CHENIERE ENERGY (LNG).
Do these amounts show how much was bought or sold?
No. The change lists are ranked by reported position value. Exited positions use their value in the prior report. These amounts are not execution prices, cash invested or sale proceeds.
Is this the current portfolio?
No. Form 13F is a quarter-end snapshot, generally filed within 45 days of quarter end. It excludes short positions and does not cover every asset. Compare the report date and filing date before using the data.