Horizon Kinetics Asset Management LLC - Q42025 Holdings

Horizon Kinetics Asset Management LLC holds 324 stocks with a total portfolio value of $ 7.39B as of Q42025. In Q42025, Horizon Kinetics Asset Management LLC added 3 new positions, increased stakes in 47 stocks, reduced 195 holdings, and fully exited 15 positions. The largest holding is Texas Pacific Land Corporati (TPL), representing 40.14% of the total portfolio.