Horizon Kinetics (Stahl)
Tier 2 · solid recordFranchise/inflation
~12.86% CAGR 20-yr, +2.3pp (audited fund; high volatility). Filer: Horizon Kinetics Asset Management LLC.
Positions
350
as of Q2 2026
Top-5 concentration
67%
of equity portfolio
Latest filing
Q2 2026
13F report date
Reported holdings long US equity, by weight
| Ticker | Sector | Weight | Value | Change |
|---|---|---|---|---|
| TPL TEXAS PACIFIC LAND CORPORATI | Real Estate | 48.6% | $4.29B | TRIM |
| GBTC GRAYSCALE BITCOIN TRUST ETF | Financials | 6.3% | $553M | TRIM |
| LB LANDBRIDGE COMPANY LLC | Real Estate | 5.2% | $461M | ADD |
| HE HAWAIIAN ELEC INDS INC MTN B | Utilities | 3.4% | $303M | ADD |
| MIAX MIAMI INTL HLDGS INC | Financials | 3.3% | $291M | ADD |
| WBI WATERBRIDGE INFRASTRUCTURE L | Energy | 3.0% | $262M | ADD |
| WPM WHEATON PRECIOUS METALS CORP | Materials | 2.1% | $189M | TRIM |
| PBT PERMIAN BASIN RTY TR | Real Estate | 1.9% | $169M | ADD |
| FNV FRANCO NEV CORP | Materials | 1.8% | $161M | ADD |
| BTC GRAYSCALE BITCOIN MINI TR ET | Financials | 1.8% | $157M | ADD |
| ICE INTERCONTINENTAL EXCHANGE IN | Financials | 1.4% | $121M | ADD |
| CBOE CBOE GLOBAL MKTS INC | Financials | 1.1% | $101M | ADD |
| LNG CHENIERE ENERGY INC | Utilities | 1.1% | $96M | TRIM |
| MSB MESABI TR | Real Estate | 0.9% | $81M | ADD |
| CVEO CIVEO CORP CDA | Consumer Discretionary | 0.9% | $80M | TRIM |
| CACI CACI INTL INC | Information Technology | 0.8% | $71M | TRIM |
| CCJ CAMECO CORP | Materials | 0.8% | $71M | ADD |
| VNOM VIPER ENERGY INC | Energy | 0.8% | $70M | TRIM |
| BN BROOKFIELD CORP | Real Estate | 0.8% | $68M | ADD |
| CME CME GROUP INC | Financials | 0.7% | $63M | ADD |
| OR OR ROYALTIES INC. | Materials | 0.7% | $61M | ADD |
| WHK WHITEHAWK MINERALS CORP | Energy | 0.5% | $43M | NEW |
| AN AUTONATION INC | Consumer Discretionary | 0.4% | $40M | TRIM |
| TRC TEJON RANCH CO | Real Estate | 0.4% | $38M | ADD |
| JOE ST JOE CO | Real Estate | 0.4% | $37M | ADD |
| EROK EAGLEROCK LD LLC | Real Estate | 0.4% | $36M | NEW |
| HKHC HORIZON KINETICS HLDG CORP COM | Financials | 0.4% | $35M | HOLD |
| GLXY GALAXY DIGITAL INC. | Financials | 0.4% | $34M | TRIM |
| — BUNGE GLOBAL SA | — | 0.3% | $30M | TRIM |
| IBIT ISHARES BITCOIN TRUST ETF | Financials | 0.3% | $28M | ADD |
| SII SPROTT INC | Financials | 0.3% | $26M | ADD |
| — WHITE MTNS INS GROUP LTD | — | 0.3% | $25M | TRIM |
| PAG PENSKE AUTOMOTIVE GRP INC | Consumer Discretionary | 0.3% | $25M | TRIM |
| RBA RB GLOBAL INC | Industrials | 0.3% | $25M | ADD |
| SJT SAN JUAN BASIN RTY TR | Real Estate | 0.3% | $24M | ADD |
| MRSH MARSH & MCLENNAN COS INC | Financials | 0.3% | $23M | TRIM |
| VUSB VANGUARD BD INDEX FDS | — | 0.3% | $23M | ADD |
| DMLP DORCHESTER MINERALS L P | Energy | 0.2% | $22M | TRIM |
| — ROYALTY PHARMA PLC | — | 0.2% | $19M | ADD |
| BRK/B BERKSHIRE HATHAWAY INC DEL | — | 0.2% | $19M | TRIM |
| LYV LIVE NATION ENTERTAINMENT IN | Communication Services | 0.2% | $18M | TRIM |
| TFPM TRIPLE FLAG PRECIOUS METAL | Real Estate | 0.2% | $15M | ADD |
| IPAR INTERPARFUMS INC | Materials | 0.2% | $15M | TRIM |
| OSK OSHKOSH CORP | Consumer Discretionary | 0.2% | $14M | TRIM |
| — ROYAL CARIBBEAN GROUP | — | 0.1% | $13M | TRIM |
| — CARNIVAL CORP LTD | — | 0.1% | $12M | NEW |
| MSTR STRATEGY INC | Financials | 0.1% | $11M | TRIM |
| TW TRADEWEB MKTS INC | Financials | 0.1% | $10M | ADD |
| WMB WILLIAMS COS INC | Energy | 0.1% | $10M | TRIM |
| MSGS MADISON SQUARE GRDN SPRT COR | Communication Services | 0.1% | $9M | TRIM |
| RGLD ROYAL GOLD INC | Real Estate | 0.1% | $9M | TRIM |
| MA MASTERCARD INCORPORATED | Industrials | 0.1% | $9M | TRIM |
| AB ALLIANCEBERNSTEIN HLDG L P | Financials | 0.1% | $9M | ADD |
| BAM BROOKFIELD ASSET MANAGMT LTD | Financials | 0.1% | $8M | HOLD |
| SBR SABINE RTY TR | Real Estate | 0.1% | $8M | ADD |
| ET ENERGY TRANSFER L P | Energy | 0.1% | $8M | ADD |
| SPHR SPHERE ENTERTAINMENT CO | Communication Services | 0.1% | $8M | TRIM |
| FRMI FERMI INC | Real Estate | 0.1% | $8M | ADD |
| WES WESTERN MIDSTREAM PARTNERS L | Energy | 0.1% | $8M | ADD |
| FWONK LIBERTY MEDIA CORP DEL | Communication Services | 0.1% | $7M | TRIM |
| SPAQ LISTED FDS TR | — | 0.1% | $7M | TRIM |
| AMLP ALPS ETF TR | — | 0.1% | $7M | ADD |
| LBRT LIBERTY ENERGY INC | Energy | 0.1% | $6M | TRIM |
| KLAC KLA CORP | Industrials | 0.1% | $6M | ADD |
| NRP NATURAL RESOURCE PARTNERS LP | Materials | 0.1% | $6M | ADD |
| FCX FREEPORT MCMORAN INC | Materials | 0.1% | $6M | TRIM |
| SAIC SCIENCE APPLICATIONS INTL CO | Information Technology | 0.1% | $6M | ADD |
| NDAQ NASDAQ INC | Financials | 0.1% | $6M | HOLD |
| JAPN LISTED FDS TR | — | 0.1% | $6M | ADD |
| BCDF LISTED FDS TR | — | 0.1% | $5M | ADD |
| XOM EXXON MOBIL CORP | Energy | 0.1% | $5M | TRIM |
| ABBV ABBVIE INC | Health Care | 0.1% | $5M | TRIM |
| LLY ELI LILLY & CO | Health Care | 0.1% | $5M | TRIM |
| INFL LISTED FDS TR | — | 0.1% | $5M | TRIM |
| VGSH VANGUARD SCOTTSDALE FDS | — | 0.0% | $4M | TRIM |
| CAT CATERPILLAR INC | Industrials | 0.0% | $4M | TRIM |
| EPD ENTERPRISE PRODS PARTNERS L | Energy | 0.0% | $4M | TRIM |
| MKL MARKEL GROUP INC | Financials | 0.0% | $4M | TRIM |
| CSCO CISCO SYS INC | Information Technology | 0.0% | $4M | TRIM |
| HHH HOWARD HUGHES HOLDINGS INC | Real Estate | 0.0% | $4M | TRIM |
| JNJ JOHNSON & JOHNSON | Health Care | 0.0% | $4M | TRIM |
| MRK MERCK & CO INC | Health Care | 0.0% | $4M | TRIM |
| PM PHILIP MORRIS INTL INC | Consumer Staples | 0.0% | $4M | TRIM |
| VRT VERTIV HOLDINGS CO | Information Technology | 0.0% | $4M | TRIM |
| NTR NUTRIEN LTD | Materials | 0.0% | $3M | TRIM |
| — COSTAMARE INC | — | 0.0% | $3M | HOLD |
| MTA METALLA RTY & STREAMING LTD | Materials | 0.0% | $3M | HOLD |
| SU SUNCOR ENERGY INC NEW | Energy | 0.0% | $3M | HOLD |
| XNEAX NUVEEN AMT FREE QLTY MUN INC | — | 0.0% | $3M | TRIM |
| BR BROADRIDGE FINL SOLUTIONS IN | Industrials | 0.0% | $3M | TRIM |
| OPLN OPENLANE INC | Consumer Discretionary | 0.0% | $3M | HOLD |
| CTRI CENTURI HOLDINGS INC | Energy | 0.0% | $3M | NEW |
| BCHG GRAYSCALE BITCOIN CASH TRUST BCH | Financials | 0.0% | $3M | ADD |
| ARLP ALLIANCE RESOURCE PARTNERS L | Materials | 0.0% | $3M | ADD |
| MSGE MADISON SQUARE GARDEN ENTMT | Communication Services | 0.0% | $3M | TRIM |
| WT WISDOMTREE INC | Financials | 0.0% | $3M | TRIM |
| MO ALTRIA GROUP INC | Consumer Staples | 0.0% | $3M | HOLD |
| RCG RENN FD INC | — | 0.0% | $3M | ADD |
| TD TORONTO DOMINION BK ONT | Financials | 0.0% | $3M | HOLD |
| LHX L3HARRIS TECHNOLOGIES INC | Information Technology | 0.0% | $3M | HOLD |
| FWONA LIBERTY MEDIA CORP DEL | Communication Services | 0.0% | $3M | TRIM |
| APYX APYX MEDICAL CORPORATION | Health Care | 0.0% | $3M | TRIM |
| LTCN GRAYSCALE LITECOIN TRUST LTC SHS | Financials | 0.0% | $3M | ADD |
| MSFT MICROSOFT CORP | Information Technology | 0.0% | $3M | HOLD |
| BMY BRISTOL-MYERS SQUIBB CO | Health Care | 0.0% | $3M | HOLD |
| EXP EAGLE MATLS INC | Industrials | 0.0% | $2M | TRIM |
| EMR EMERSON ELEC CO | Information Technology | 0.0% | $2M | HOLD |
| GE GE AEROSPACE | Information Technology | 0.0% | $2M | TRIM |
| BATRK ATLANTA BRAVES HLDGS INC | Communication Services | 0.0% | $2M | TRIM |
| PAA PLAINS ALL AMERN PIPELINE L | Industrials | 0.0% | $2M | ADD |
| CVX CHEVRON CORPORATION | Energy | 0.0% | $2M | TRIM |
| RTX RTX CORPORATION | Consumer Discretionary | 0.0% | $2M | HOLD |
| IRM IRON MTN INC DEL | Real Estate | 0.0% | $2M | TRIM |
| EQT EQT CORP | Energy | 0.0% | $2M | TRIM |
| ADM ARCHER DANIELS MIDLAND CO | Consumer Staples | 0.0% | $2M | TRIM |
| BKKT BAKKT INC | Financials | 0.0% | $2M | TRIM |
| FNF FIDELITY NATL FINL INC | Financials | 0.0% | $2M | ADD |
| BSM BLACK STONE MINERALS L P | Energy | 0.0% | $2M | HOLD |
| RMT ROYCE MICRO-CAP TR INC | — | 0.0% | $2M | ADD |
| ROK ROCKWELL AUTOMATION INC | Health Care | 0.0% | $2M | HOLD |
| SON SONOCO PRODS CO | Industrials | 0.0% | $2M | ADD |
| LVS LAS VEGAS SANDS CORP | Consumer Discretionary | 0.0% | $2M | HOLD |
| — AMRIZE LTD | — | 0.0% | $2M | NEW |
| AAPL APPLE INC | Information Technology | 0.0% | $2M | TRIM |
| VOO VANGUARD INDEX FDS | — | 0.0% | $2M | TRIM |
| PFE PFIZER INC | Health Care | 0.0% | $2M | ADD |
| GEV GE VERNOVA INC | Information Technology | 0.0% | $2M | TRIM |
| NVS NOVARTIS AG | Health Care | 0.0% | $2M | TRIM |
| CRL CHARLES RIV LABS INTL INC | Health Care | 0.0% | $2M | TRIM |
| V VISA INC | Industrials | 0.0% | $2M | HOLD |
| REZI RESIDEO TECHNOLOGIES INC | Other | 0.0% | $2M | ADD |
| FTLF FITLIFE BRANDS INC | Health Care | 0.0% | $2M | TRIM |
| SLV ISHARES SILVER TR | Financials | 0.0% | $2M | HOLD |
| WPC WP CAREY INC | Real Estate | 0.0% | $2M | HOLD |
| RIO RIO TINTO PLC | Materials | 0.0% | $2M | HOLD |
| MYI BLACKROCK MUNIYIELD QUALITY | — | 0.0% | $2M | TRIM |
| BNY BANK OF NY MELLON CORP | Financials | 0.0% | $1M | HOLD |
| NRK NUVEEN NY AMT FREE | — | 0.0% | $1M | HOLD |
| ADI ANALOG DEVICES INC | Information Technology | 0.0% | $1M | TRIM |
| BATRA ATLANTA BRAVES HLDGS INC | Communication Services | 0.0% | $1M | TRIM |
| NVDA NVIDIA CORPORATION | Information Technology | 0.0% | $1M | TRIM |
| SVXY PROSHARES TR II | Financials | 0.0% | $1M | HOLD |
| PFN PIMCO INCOME STRATEGY FD II | — | 0.0% | $1M | HOLD |
| GLD SPDR GOLD TR | Financials | 0.0% | $1M | TRIM |
| MPC MARATHON PETE CORP | Energy | 0.0% | $1M | HOLD |
| — BROOKFIELD WEALTH SOL LTD | — | 0.0% | $1M | HOLD |
| — STAR BULK CARRIERS CORP. | — | 0.0% | $1M | ADD |
| NAD NUVEEN QUALITY MUNCP INCOME | — | 0.0% | $1M | TRIM |
| GSK GSK PLC | Health Care | 0.0% | $1M | TRIM |
| VRSK VERISK ANALYTICS INC | Information Technology | 0.0% | $1M | HOLD |
| KMI KINDER MORGAN INC DEL | Energy | 0.0% | $1M | TRIM |
| VXF VANGUARD INDEX FDS | — | 0.0% | $1M | TRIM |
| SPGI S&P GLOBAL INC | Industrials | 0.0% | $1M | TRIM |
| SEG SEAPORT ENTMT GROUP INC | Communication Services | 0.0% | $1M | TRIM |
| GOOG ALPHABET INC | Information Technology | 0.0% | $1M | TRIM |
| — GRAYSCALE COINDESK CRYPTO | — | 0.0% | $1M | HOLD |
| — ALKERMES PLC | — | 0.0% | $1M | TRIM |
| C CITIGROUP INC | Financials | 0.0% | $1M | HOLD |
| RDW REDWIRE CORPORATION | Consumer Discretionary | 0.0% | $1M | NEW |
| GOOGL ALPHABET INC | Information Technology | 0.0% | $1M | TRIM |
| IBM INTERNATIONAL BUSINESS MACHS | Information Technology | 0.0% | $1M | HOLD |
| NSC NORFOLK SOUTHN CORP | Industrials | 0.0% | $970K | ADD |
| MQY BLACKROCK MUNIYILD QULT FD I | — | 0.0% | $955K | TRIM |
| — ASTRAZENECA PLC | — | 0.0% | $951K | TRIM |
| EOG EOG RES INC | Energy | 0.0% | $946K | TRIM |
| CMS CMS ENERGY CORP | Utilities | 0.0% | $933K | HOLD |
| MCD MCDONALDS CORP | Consumer Discretionary | 0.0% | $930K | HOLD |
| JFR NUVEEN FLOATING RATE INCOME | — | 0.0% | $909K | TRIM |
| WEN WENDYS CO | Consumer Discretionary | 0.0% | $902K | TRIM |
| OIH VANECK ETF TRUST | — | 0.0% | $897K | HOLD |
| BAC BANK OF AMER CORP | Financials | 0.0% | $897K | TRIM |
| QCOM QUALCOMM INC | Information Technology | 0.0% | $883K | TRIM |
| ABT ABBOTT LABORATORIES | Health Care | 0.0% | $882K | ADD |
| IONS IONIS PHARMACEUTICALS INC | Health Care | 0.0% | $865K | TRIM |
| URI UNITED RENTALS INC | Industrials | 0.0% | $856K | HOLD |
| HUBB HUBBELL INC | Information Technology | 0.0% | $855K | TRIM |
| BAH BOOZ ALLEN HAMILTON HLDG COR | Industrials | 0.0% | $854K | ADD |
| PDI PIMCO DYNAMIC INCOME FD | — | 0.0% | $852K | TRIM |
| SPY STATE STR SPDR S&P 500 ETF T | — | 0.0% | $852K | TRIM |
| KMB KIMBERLY-CLARK CORP | Industrials | 0.0% | $838K | NEW |
| AMGN AMGEN INC | Health Care | 0.0% | $833K | TRIM |
| SAN BANCO SANTANDER SA | Financials | 0.0% | $832K | TRIM |
| DHR DANAHER CORP DEL | Industrials | 0.0% | $825K | TRIM |
| ELS EQUITY LIFESTYLE PROPERTIES | Real Estate | 0.0% | $764K | TRIM |
| GIS GENERAL MILLS INC | Consumer Staples | 0.0% | $754K | TRIM |
| BRK/A BERKSHIRE HATHAWAY INC DEL | — | 0.0% | $749K | HOLD |
| SIRI SIRIUSXM HOLDINGS INC | Communication Services | 0.0% | $744K | TRIM |
| NVO NOVO-NORDISK A S | Health Care | 0.0% | $736K | HOLD |
| HON HONEYWELL INTL INC | Consumer Discretionary | 0.0% | $736K | NEW |
| PFL PIMCO INCOME STRATEGY FD | — | 0.0% | $735K | HOLD |
| — LINDE PLC | — | 0.0% | $727K | HOLD |
| HONA HONEYWELL AEROSPACE INC | Consumer Discretionary | 0.0% | $726K | NEW |
| UNH UNITEDHEALTH GROUP INC | Financials | 0.0% | $725K | ADD |
| AEHR AEHR TEST SYS | Industrials | 0.0% | $699K | TRIM |
| VMI VALMONT INDS INC | Industrials | 0.0% | $694K | HOLD |
| AMG AFFILIATED MANAGERS GROUP | Financials | 0.0% | $676K | HOLD |
| RSP INVESCO EXCHANGE TRADED FD T | — | 0.0% | $666K | HOLD |
| ALNY ALNYLAM PHARMACEUTICALS INC | Health Care | 0.0% | $653K | TRIM |
| XFRAX BLACKROCK FLOATING RATE INCO | — | 0.0% | $652K | HOLD |
| IAU ISHARES GOLD TR | Financials | 0.0% | $647K | HOLD |
| RQI COHEN & STEERS QUALITY INCOM | — | 0.0% | $616K | HOLD |
| DGX QUEST DIAGNOSTICS INC | Health Care | 0.0% | $615K | HOLD |
| GS GOLDMAN SACHS GROUP INC | Financials | 0.0% | $605K | TRIM |
| BX BLACKSTONE INC | Financials | 0.0% | $599K | HOLD |
| BIIB BIOGEN INC | Health Care | 0.0% | $589K | TRIM |
| GDXJ VANECK ETF TRUST | — | 0.0% | $543K | HOLD |
| META META PLATFORMS INC | Information Technology | 0.0% | $543K | ADD |
| PCYO PURE CYCLE CORP | Utilities | 0.0% | $541K | HOLD |
| RYAM RAYONIER ADVANCED MATLS INC | Industrials | 0.0% | $538K | HOLD |
| NEM NEWMONT CORP | Materials | 0.0% | $523K | TRIM |
| DSL DOUBLELINE INCOME SOLUTIONS | — | 0.0% | $510K | TRIM |
| — CRISPR THERAPEUTICS AG | — | 0.0% | $510K | TRIM |
| BWXT BWX TECHNOLOGIES INC | Industrials | 0.0% | $499K | TRIM |
| STZ CONSTELLATION BRANDS INC | Consumer Staples | 0.0% | $497K | TRIM |
| TEXX LISTED FDS TR | — | 0.0% | $492K | ADD |
| PHYS SPROTT ASSET MANAGEMENT LP | Financials | 0.0% | $491K | HOLD |
| — COSTAMARE BULKERS HLDGS LTD | — | 0.0% | $484K | HOLD |
| XES SPDR SERIES TRUST | — | 0.0% | $483K | TRIM |
| UPS UNITED PARCEL SVCS INC | Industrials | 0.0% | $479K | NEW |
| ZCSH GRAYSCALE ZCASH TR ZEC COM | Financials | 0.0% | $479K | ADD |
| CRCL CIRCLE INTERNET GROUP INC | Financials | 0.0% | $478K | ADD |
| LEN LENNAR CORP | Industrials | 0.0% | $478K | ADD |
| MOV MOVADO GROUP INC | Industrials | 0.0% | $472K | HOLD |
| MDLZ MONDELEZ INTL INC | Consumer Staples | 0.0% | $472K | TRIM |
| FHI FEDERATED HERMES INC | Financials | 0.0% | $465K | TRIM |
| KRP KIMBELL RTY PARTNERS LP | Energy | 0.0% | $457K | TRIM |
| AXP AMERICAN EXPRESS CO | Financials | 0.0% | $442K | HOLD |
| MMM 3M CO | Health Care | 0.0% | $437K | TRIM |
| NBH NEUBERGER MUN FD INC | — | 0.0% | $437K | HOLD |
| EBAY EBAY INC. | Industrials | 0.0% | $425K | TRIM |
| CNP CENTERPOINT ENERGY INC | Utilities | 0.0% | $425K | TRIM |
| GWW WW GRAINGER INC | Other | 0.0% | $411K | TRIM |
| BTZ BLACKROCK CR ALLOCATION | — | 0.0% | $406K | TRIM |
| GM GENERAL MTRS CO | Consumer Discretionary | 0.0% | $405K | HOLD |
| OXY OCCIDENTAL PETE CORP | Energy | 0.0% | $405K | TRIM |
| REGN REGENERON PHARMACEUTICALS | Health Care | 0.0% | $402K | TRIM |
| B BARRICK MNG CORP | Materials | 0.0% | $397K | HOLD |
| MHD BLACKROCK MUNIHOLDINGS FD IN | — | 0.0% | $395K | TRIM |
| FMN FEDERATED HERMES PREM MUNI I | — | 0.0% | $393K | HOLD |
| BSV VANGUARD BD INDEX FDS | — | 0.0% | $390K | HOLD |
| RYN RAYONIER INC | Real Estate | 0.0% | $387K | TRIM |
| NBB NUVEEN TAXABLE MUNICPAL INM | — | 0.0% | $378K | TRIM |
| GBX GREENBRIER COS INC | Consumer Discretionary | 0.0% | $377K | TRIM |
| FIS FIDELITY NATL INFORMATION SV | Industrials | 0.0% | $377K | ADD |
| CRAI CRA INTL INC | Industrials | 0.0% | $373K | TRIM |
| MOD MODINE MFG CO | Consumer Discretionary | 0.0% | $355K | TRIM |
| AFL AFLAC INC | Financials | 0.0% | $352K | HOLD |
| BP BP PLC | Energy | 0.0% | $342K | TRIM |
| VZ VERIZON COMMUNICATIONS INC | Communication Services | 0.0% | $342K | ADD |
| VTI VANGUARD INDEX FDS | — | 0.0% | $341K | HOLD |
| NVIR LISTED FDS TR | — | 0.0% | $340K | TRIM |
| — EATON CORP PLC | — | 0.0% | $340K | HOLD |
| SLB SLB LIMITED | Energy | 0.0% | $339K | TRIM |
| LLYVK LIBERTY LIVE HOLDINGS INC | Communication Services | 0.0% | $337K | TRIM |
| NZF NUVEEN MUN CR INCOME FD | — | 0.0% | $335K | HOLD |
| GDX VANECK ETF TRUST | — | 0.0% | $327K | TRIM |
| WOOD ISHARES TR | — | 0.0% | $326K | TRIM |
| PSIX POWER SOLUTIONS INTL INC | Industrials | 0.0% | $323K | ADD |
| FANG DIAMONDBACK ENERGY INC | Energy | 0.0% | $322K | TRIM |
| AJG GALLAGHER ARTHUR J & CO | Financials | 0.0% | $311K | TRIM |
| JPM JPMORGAN CHASE & CO | Financials | 0.0% | $293K | TRIM |
| NAN NUVEEN NY DIVI ADV | — | 0.0% | $292K | HOLD |
| FBTC FIDELITY WISE ORIGIN BITCOIN | Financials | 0.0% | $290K | HOLD |
| BEAM BEAM THERAPEUTICS INC | Health Care | 0.0% | $288K | TRIM |
| DIS DISNEY WALT CO | Communication Services | 0.0% | $288K | TRIM |
| — BURFORD CAPITAL LIMITED | — | 0.0% | $279K | ADD |
| ETCG GRAYSCALE ETHEREUM CLASSIC TRUST | Financials | 0.0% | $274K | HOLD |
| DBL DOUBLELINE OPPORTUNISTIC CR | — | 0.0% | $274K | TRIM |
| CL COLGATE PALMOLIVE CO | Materials | 0.0% | $273K | HOLD |
| AVGO BROADCOM INC | Information Technology | 0.0% | $273K | TRIM |
| COP CONOCOPHILLIPS | Energy | 0.0% | $272K | TRIM |
| L LOEWS CORP | Financials | 0.0% | $271K | TRIM |
| BHP BHP BILLITON LIMITED | Materials | 0.0% | $269K | HOLD |
| PNI PIMCO NEW YORK MUN FD II | — | 0.0% | $267K | HOLD |
| ERII ENERGY RECOVERY INC | Industrials | 0.0% | $261K | HOLD |
| ENB ENBRIDGE INC | Industrials | 0.0% | $259K | NEW |
| GPC GENUINE PARTS CO | Other | 0.0% | $258K | HOLD |
| LMT LOCKHEED MARTIN CORP | Consumer Discretionary | 0.0% | $258K | HOLD |
| AMZN AMAZON COM INC | Consumer Discretionary | 0.0% | $258K | TRIM |
| MKTX MARKETAXESS HLDGS INC | Financials | 0.0% | $256K | ADD |
| CTAS CINTAS CORP | Industrials | 0.0% | $252K | TRIM |
| NEE NEXTERA ENERGY INC | Utilities | 0.0% | $251K | HOLD |
| PEP PEPSICO INC | Consumer Staples | 0.0% | $249K | HOLD |
| DORM DORMAN PRODS INC | Consumer Discretionary | 0.0% | $246K | NEW |
| EFXT ENERFLEX LTD | Industrials | 0.0% | $245K | HOLD |
| CQP CHENIERE ENERGY PARTNERS L P | Utilities | 0.0% | $244K | HOLD |
| WY WEYERHAEUSER CO | Real Estate | 0.0% | $241K | TRIM |
| LOW LOWES COS INC | Consumer Discretionary | 0.0% | $235K | HOLD |
| AMT AMERICAN TOWER CORP | Real Estate | 0.0% | $229K | HOLD |
| IQI INVESCO QUALITY MUN INCOME T | — | 0.0% | $222K | HOLD |
| TMO THERMO FISHER SCIENTIFIC INC | Health Care | 0.0% | $220K | HOLD |
| GALT GALECTIN THERAPEUTICS INC | Health Care | 0.0% | $218K | TRIM |
| BA BOEING CO | Consumer Discretionary | 0.0% | $218K | HOLD |
| LLYVA LIBERTY LIVE HOLDINGS INC | Communication Services | 0.0% | $216K | TRIM |
| NTLA INTELLIA THERAPEUTICS INC | Health Care | 0.0% | $213K | TRIM |
| XEFRX EATON VANCE SR FLTNG RTE TR | — | 0.0% | $212K | HOLD |
| NRG NRG ENERGY INC | Utilities | 0.0% | $208K | TRIM |
| NIM NUVEEN SELECT MAT MUN FD | — | 0.0% | $203K | HOLD |
| WTTR SELECT WATER SOLUTIONS INC | Energy | 0.0% | $200K | NEW |
| DBRG DIGITALBRIDGE GROUP INC | Financials | 0.0% | $195K | TRIM |
| MEDX LISTED FDS TR | — | 0.0% | $191K | HOLD |
| TTI TETRA TECHNOLOGIES INC DEL | Energy | 0.0% | $185K | HOLD |
| LADR LADDER CAP CORP | Real Estate | 0.0% | $179K | HOLD |
| EIM EATON VANCE MUN BD FD | — | 0.0% | $176K | HOLD |
| VTN INVESCO TR INVT GRADE NEW YO | — | 0.0% | $171K | HOLD |
| NVG NUVEEN AMT FREE MUN CR INC F | — | 0.0% | $156K | HOLD |
| REPL REPLIMUNE GROUP INC | Health Care | 0.0% | $139K | TRIM |
| VNDA VANDA PHARMACEUTICALS INC | Health Care | 0.0% | $139K | TRIM |
| RA BROOKFIELD REAL ASSETS INCOM | — | 0.0% | $139K | HOLD |
| IWC ISHARES TR | — | 0.0% | $138K | HOLD |
| PCM PCM FD INC | — | 0.0% | $137K | HOLD |
| BGT BLACKROCK FLOATING RATE INC | — | 0.0% | $135K | HOLD |
| JPC NUVEEN PFD & INCOME OPPORTUN | — | 0.0% | $129K | HOLD |
| MYN BLACKROCK MUNIYIELD N Y QUAL | — | 0.0% | $122K | HOLD |
| NMZ NUVEEN MUN HIGH INCOME OPPOR | — | 0.0% | $118K | ADD |
| XEVVX EATON VANCE LIMITED DURATION | — | 0.0% | $116K | HOLD |
| HLN HALEON PLC | Materials | 0.0% | $116K | TRIM |
| PML PIMCO MUN INCOME FD II | — | 0.0% | $115K | HOLD |
| EVF EATON VANCE SR INCOME TR | — | 0.0% | $108K | HOLD |
| NUV NUVEEN MUN VALUE FD INC | — | 0.0% | $106K | HOLD |
| KEEL KEEL INFRASTRUCTURE CORP | Financials | 0.0% | $105K | NEW |
| LTRN LANTERN PHARMA INC | Health Care | 0.0% | $105K | TRIM |
| MFM ABERDEEN MUN INCOME FD | — | 0.0% | $98K | NEW |
| ET 9.25 PERP ENERGY TRANSFER L P | — | 0.0% | $95K | HOLD |
| EDIT EDITAS MEDICINE INC | Health Care | 0.0% | $90K | TRIM |
| IEZ ISHARES TR | — | 0.0% | $84K | HOLD |
| ETHE GRAYSCALE ETHEREUM STAKING E | Financials | 0.0% | $69K | HOLD |
| VB VANGUARD INDEX FDS | — | 0.0% | $66K | HOLD |
| PFXF VANECK ETF TRUST | — | 0.0% | $62K | HOLD |
| BCYC BICYCLE THERAPEUTICS PLC | Health Care | 0.0% | $53K | TRIM |
| PFF ISHARES TR | — | 0.0% | $40K | HOLD |
| ITA ISHARES TR | — | 0.0% | $39K | HOLD |
| SHV ISHARES TR | — | 0.0% | $37K | HOLD |
| ALLO ALLOGENE THERAPEUTICS INC | Health Care | 0.0% | $35K | TRIM |
| VBR VANGUARD INDEX FDS | — | 0.0% | $33K | HOLD |
| RFV INVESCO EXCHANGE TRADED FD T | — | 0.0% | $23K | HOLD |
| BIL SPDR SERIES TRUST | — | 0.0% | $23K | HOLD |
| ENFR ALPS ETF TR | — | 0.0% | $18K | NEW |
| PACB PACIFIC BIOSCIENCES CALIF IN | Health Care | 0.0% | $17K | TRIM |
| HYD VANECK ETF TRUST | — | 0.0% | $15K | HOLD |
| ETH GRAYSCALE ETHEREUM STAKING | Financials | 0.0% | $10K | HOLD |
| MUB ISHARES TR | — | 0.0% | $5K | NEW |
| XMMO INVESCO EXCHANGE TRADED FD T | — | 0.0% | $5K | NEW |
| LEN/B LENNAR CORP | — | 0.0% | $5K | HOLD |
| VTWO VANGUARD SCOTTSDALE FDS | — | 0.0% | $5K | NEW |
| METV LISTED FDS TR | — | 0.0% | $3K | HOLD |
| GBAT GRAYSCALE BASIC ATTENTION TOKEN TR | — | 0.0% | $1K | HOLD |
| AIA ISHARES TR | — | 0.0% | $1K | HOLD |
| RQI-R COHEN & STEERS QUALITY INCOM | — | 0.0% | $745 | NEW |
| MANA GRAYSCALE DECENTRALAND TRUST | — | 0.0% | $367 | HOLD |
Weights are share of the manager’s reported long US-equity portfolio (13F). Options, bonds, and non-US/private holdings aren’t reported here. “Change” vs the prior reported quarter.