Q4 2025 · 13F-HR
HORIZON KINETICS ASSET MANAGEMENT LLCholdings as filed
Filed 2026-02-11 · accession 0001056823-26-000007
$7.39B
Reported value
324
Positions
2025-12-31
Period end
The Brief · HORIZON KINETICS ASSET MANAGEMENT LLC · Q4 2025
AI · grounded in 13F
HORIZON KINETICS ASSET MANAGEMENT LLC closed its position in Associated Cap Group Inc ACGP, reducing its exposure by $27.0M. The fund significantly increased its holdings in Triple Flag Precious Metal TFPM by 1510.2% and Texas Pacific Land Corporati TPL by 194.85%. Other notable accumulations include Royal Gold Inc RGLD, which grew by 48.66%, and Miami Intl Hldgs Inc MIAX by 31.64%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 88262P102 | TPL | TEXAS PACIFIC LAND CORPORATI | $2.97B | 40.1% | 10,333,762 | Common | SOLE |
| 389637109 | GBTC | GRAYSCALE BITCOIN TRUST ETF | $964.8M | 13.0% | 14,113,593 | Common | SOLE |
| 962879102 | WPM | WHEATON PRECIOUS METALS CORP | $293.0M | 3.96% | 2,493,518 | Common | SOLE |
| 514952100 | LB | LANDBRIDGE COMPANY LLC | $276.4M | 3.74% | 5,642,766 | Common | SOLE |
| 419870100 | HE | HAWAIIAN ELEC INDUSTRIES | $238.5M | 3.23% | 19,392,363 | Common | SOLE |
| 351858105 | FNV | FRANCO NEV CORP | $200.7M | 2.71% | 968,101 | Common | SOLE |
| 940923105 | WBI | WATERBRIDGE INFRASTRUCTURE L | $136.8M | 1.85% | 6,837,520 | Common | SOLE |
| 45866F104 | ICE | INTERCONTINENTAL EXCHANGE IN | $134.6M | 1.82% | 830,766 | Common | SOLE |
| 590672101 | MSB | MESABI TR | $116.6M | 1.58% | 3,027,698 | Common | SOLE |
| 389930207 | BTC | GRAYSCALE BITCOIN MINI TR ET | $116.1M | 1.57% | 2,997,060 | Common | SOLE |
| 714236106 | PBT | PERMIAN BASIN RTY TR | $105.1M | 1.42% | 6,187,800 | Common | SOLE |
| 12503M108 | CBOE | CBOE GLOBAL MKTS INC | $102.5M | 1.39% | 408,398 | Common | SOLE |
| 16411R208 | LNG | CHENIERE ENERGY INC | $90.1M | 1.22% | 463,329 | Common | SOLE |
| 127190304 | CACI | CACI INTL INC | $84.5M | 1.14% | 158,591 | Common | SOLE |
| 59356Q108 | MIAX | MIAMI INTL HLDGS INC | $80.8M | 1.09% | 1,819,798 | Common | SOLE |
| 12572Q105 | CME | CME GROUP INC | $75.3M | 1.02% | 275,611 | Common | SOLE |
| 11271J107 | BN | BROOKFIELD CORP | $72.7M | 0.98% | 1,583,710 | Common | SOLE |
| 64361Q101 | VNOM | VIPER ENERGY INC | $66.2M | 0.90% | 1,714,904 | Common | SOLE |
| 68390D106 | OR | OR ROYALTIES INC. | $64.2M | 0.87% | 1,815,024 | Common | SOLE |
| 13321L108 | CCJ | CAMECO CORP | $61.7M | 0.83% | 674,096 | Common | SOLE |
| 17878Y207 | CVEO | CIVEO CORP CDA | $56.0M | 0.76% | 2,449,487 | Common | SOLE |
| 05329W102 | AN | AUTONATION INC | $53.0M | 0.72% | 256,479 | Common | SOLE |
| 25401T603 | DBRG | DIGITALBRIDGE GROUP INC | $46.7M | 0.63% | 3,046,533 | Common | SOLE |
| 46438F101 | IBIT | ISHARES BITCOIN TRUST ETF | $39.6M | 0.54% | 796,863 | Common | SOLE |
| 798241105 | SJT | SAN JUAN BASIN RTY TR | $35.0M | 0.47% | 6,231,144 | Common | SOLE |
| 790148100 | JOE | ST JOE CO | $32.9M | 0.45% | 554,837 | Common | SOLE |
| H11356104 | BG | BUNGE GLOBAL SA | $31.1M | 0.42% | 348,994 | Common | SOLE |
| 879080109 | TRC | TEJON RANCH CO | $30.2M | 0.41% | 1,912,573 | Common | SOLE |
| 143658300 | CCL1EUR | CARNIVAL CORP | $29.2M | 0.40% | 957,548 | Common | SOLE |
| 571748102 | MRSH | MARSH & MCLENNAN COS INC | $29.1M | 0.39% | 156,685 | Common | SOLE |
| 36317J209 | GLXY | GALAXY DIGITAL INC. | $27.9M | 0.38% | 1,249,554 | Common | SOLE |
| G9618E107 | WTM | WHITE MTNS INS GROUP LTD | $27.3M | 0.37% | 13,121 | Common | SOLE |
| 70959W103 | PAG | PENSKE AUTOMOTIVE GRP INC | $26.9M | 0.36% | 169,874 | Common | SOLE |
| 439913104 | HKHC | HORIZON KINETICS HLDG CORP | $25.3M | 0.34% | 1,075,313 | Common | SOLE |
| 538034109 | LYV | LIVE NATION ENTERTAINMENT IN | $24.2M | 0.33% | 169,884 | Common | SOLE |
| 44267T102 | HHH | HOWARD HUGHES HOLDINGS INC | $23.4M | 0.32% | 293,360 | Common | SOLE |
| 594972408 | MSTR | STRATEGY INC | $21.2M | 0.29% | 139,377 | Common | SOLE |
| 780287108 | RGLD | ROYAL GOLD INC | $21.1M | 0.29% | 94,876 | Common | SOLE |
| 852066208 | SII | SPROTT INC | $21.0M | 0.28% | 214,626 | Common | SOLE |
| 25820R105 | DMLP | DORCHESTER MINERALS LP | $19.6M | 0.26% | 875,662 | Common | SOLE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC DEL | $19.1M | 0.26% | 37,988 | Common | SOLE |
| 92203C303 | VUSB | VANGUARD BD INDEX FDS | $17.1M | 0.23% | 342,542 | Common | SOLE |
| V7780T103 | RCL | ROYAL CARIBBEAN GROUP | $14.7M | 0.20% | 52,758 | Common | SOLE |
| 688239201 | OSK | OSHKOSH CORP | $14.6M | 0.20% | 116,193 | Common | SOLE |
| 89679M104 | TFPM | TRIPLE FLAG PRECIOUS METAL | $14.1M | 0.19% | 425,303 | Common | SOLE |
| G7709Q104 | RPRX | ROYALTY PHARMA PLC | $13.7M | 0.18% | 353,361 | Common | SOLE |
| 458334109 | IPAR | INTERPARFUMS INC | $11.8M | 0.16% | 138,558 | Common | SOLE |
| 57636Q104 | MA | MASTERCARD INCORPORATED | $11.2M | 0.15% | 19,579 | Common | SOLE |
| 74935Q107 | RBA | RB GLOBAL INC | $11.1M | 0.15% | 107,627 | Common | SOLE |
| 113004105 | BAM | BROOKFIELD ASSET MANAGMT LTD | $10.0M | 0.13% | 190,473 | Common | SOLE |
| 969457100 | WMB | WILLIAMS COS INC | $8.3M | 0.11% | 137,321 | Common | SOLE |
| 531229755 | FWONK | LIBERTY MEDIA CORP DEL | $8.0M | 0.11% | 81,617 | Common | SOLE |
| 785688102 | SBR | SABINE RTY TR | $7.5M | 0.10% | 109,487 | Common | SOLE |
| 01881G106 | AB | ALLIANCEBERNSTEIN HLDG L P | $7.5M | 0.10% | 193,741 | Common | SOLE |
| 631103108 | NDAQ | NASDAQ INC | $6.9M | 0.09% | 70,822 | Common | SOLE |
| 53656G555 | SPAQ | LISTED FDS TR | $6.5M | 0.09% | 71,954 | Common | SOLE |
| 92206C102 | VGSH | VANGUARD SCOTTSDALE FDS | $6.5M | 0.09% | 110,086 | Common | SOLE |
| 38963P109 | BCHG | GRAYSCALE BITCOIN CASH | $6.4M | 0.09% | 1,486,851 | Common | SOLE |
| 53115L104 | LBRT | LIBERTY ENERGY INC | $6.3M | 0.09% | 342,711 | Common | SOLE |
| 55825T103 | MSGS | MADISON SQUARE GRDN SPRT COR | $6.0M | 0.08% | 23,344 | Common | SOLE |
| 29273V100 | ET | ENERGY TRANSFER L P | $5.9M | 0.08% | 359,648 | Common | SOLE |
| 922908652 | VXF | VANGUARD INDEX FDS | $5.4M | 0.07% | 25,889 | Common | SOLE |
| 808625107 | SAIC | SCIENCE APPLICATIONS INTL CO | $5.3M | 0.07% | 52,662 | Common | SOLE |
| 958669103 | WES | WESTERN MIDSTREAM PARTNERS L | $5.3M | 0.07% | 134,085 | Common | SOLE |
| 35671D857 | FCX | FREEPORT-MCMORAN INC | $4.7M | 0.06% | 93,114 | Common | SOLE |
| 53656G209 | BCDF | LISTED FDS TR | $4.7M | 0.06% | 156,000 | Common | SOLE |
| 53656H835 | JAPN | LISTED FDS TR | $4.7M | 0.06% | 182,317 | Common | SOLE |
| 30231G102 | XOM | EXXON MOBIL CORP | $4.6M | 0.06% | 38,580 | Common | SOLE |
| 11133T103 | BR | BROADRIDGE FINL SOLUTIONS IN | $4.6M | 0.06% | 20,423 | Common | SOLE |
| 570535104 | MKL | MARKEL GROUP INC | $4.5M | 0.06% | 2,102 | Common | SOLE |
| 55826T102 | SPHR | SPHERE ENTERTAINMENT CO | $4.5M | 0.06% | 47,463 | Common | SOLE |
| 00287Y109 | ABBV | ABBVIE INC | $4.5M | 0.06% | 19,541 | Common | SOLE |
| 532457108 | LLY | ELI LILLY & CO | $4.4M | 0.06% | 4,106 | Common | SOLE |
| 53656F623 | INFL | LISTED FDS TR | $4.4M | 0.06% | 98,980 | Common | SOLE |
| 293792107 | EPD | ENTERPRISE PRODS PARTNERS L | $3.6M | 0.05% | 112,063 | Common | SOLE |
| Y1771G102 | CMRE | COSTAMARE INC | $3.5M | 0.05% | 221,950 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $3.5M | 0.05% | 7,208 | Common | SOLE |
| 039483102 | ADM | ARCHER DANIELS MIDLAND CO | $3.5M | 0.05% | 60,202 | Common | SOLE |
| 26969P108 | EXP | EAGLE MATLS INC | $3.5M | 0.05% | 16,743 | Common | SOLE |
| 482480100 | KLAC | KLA CORP | $3.5M | 0.05% | 2,845 | Common | SOLE |
| 670657105 | XNEAX | NUVEEN AMT FREE QLTY MUN INC | $3.4M | 0.05% | 295,249 | Common | SOLE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $3.3M | 0.04% | 15,949 | Common | SOLE |
| 05759B305 | BKKT | BAKKT HOLDINGS INC | $3.3M | 0.04% | 324,706 | Common | SOLE |
| 531229771 | FWONA | LIBERTY MEDIA CORP DEL | $3.2M | 0.04% | 36,018 | Common | SOLE |
| 67077M108 | NTR | NUTRIEN LTD | $3.2M | 0.04% | 51,872 | Common | SOLE |
| 718172109 | PM | PHILIP MORRIS INTL INC | $3.2M | 0.04% | 19,851 | Common | SOLE |
| 59124U605 | MTA | METALLA RTY & STREAMING LTD | $3.1M | 0.04% | 404,397 | Common | SOLE |
| 17275R102 | CSCO | CISCO SYS INC | $3.0M | 0.04% | 38,941 | Common | SOLE |
| 95058W100 | WEN | WENDYS CO | $3.0M | 0.04% | 359,896 | Common | SOLE |
| 58933Y105 | MRK | MERCK & CO INC | $3.0M | 0.04% | 28,147 | Common | SOLE |
| 38963W104 | LTCN | GRAYSCALE LITECOIN | $2.9M | 0.04% | 503,902 | Common | SOLE |
| 00162Q452 | AMLP | ALPS ETF TR | $2.8M | 0.04% | 60,307 | Common | SOLE |
| 502431109 | LHX | L3HARRIS TECHNOLOGIES INC | $2.8M | 0.04% | 9,388 | Common | SOLE |
| 87265H109 | T86 | TRI POINTE HOMES INC | $2.7M | 0.04% | 85,962 | Common | SOLE |
| 149123101 | CAT | CATERPILLAR INC | $2.6M | 0.04% | 4,617 | Common | SOLE |
| 63900P608 | NRP | NATURAL RESOURCE PARTNERS L | $2.6M | 0.04% | 24,865 | Common | SOLE |
| 517834107 | LVS | LAS VEGAS SANDS CORP | $2.6M | 0.03% | 39,260 | Common | SOLE |
| 33817P405 | FTLF | FITLIFE BRANDS INC | $2.5M | 0.03% | 154,456 | Common | SOLE |
| 159864107 | CRL | CHARLES RIV LABS INTL INC | $2.5M | 0.03% | 12,580 | Common | SOLE |
| 110122108 | BMY | BRISTOL-MYERS SQUIBB CO | $2.4M | 0.03% | 45,110 | Common | SOLE |
| 867224107 | SU | SUNCOR ENERGY INC NEW | $2.4M | 0.03% | 54,777 | Common | SOLE |
| 97717P104 | WT | WISDOMTREE INC | $2.4M | 0.03% | 198,477 | Common | SOLE |
| 31620R303 | FNF | FIDELITY NATIONAL FINANCIAL | $2.4M | 0.03% | 43,740 | Common | SOLE |
| 75513E101 | RTX | RTX CORPORATION | $2.3M | 0.03% | 12,731 | Common | SOLE |
| 78409V104 | SPGI | S&P GLOBAL INC | $2.2M | 0.03% | 4,278 | Common | SOLE |
| 02209S103 | MO | ALTRIA GROUP INC | $2.2M | 0.03% | 38,607 | Common | SOLE |
| 759720105 | RCG | RENN FD INC | $2.2M | 0.03% | 865,948 | Common | SOLE |
| 291011104 | EMR | EMERSON ELEC CO | $2.2M | 0.03% | 16,742 | Common | SOLE |
| 26884L109 | EQT | EQT CORP | $2.2M | 0.03% | 41,253 | Common | SOLE |
| 891160509 | TD | TORONTO DOMINION BK ONT | $2.2M | 0.03% | 23,317 | Common | SOLE |
| 03837C106 | APYX | APYX MEDICAL CORPORATION | $2.2M | 0.03% | 615,000 | Common | SOLE |
| 48238T109 | OPLN | OPENLANE INC | $2.1M | 0.03% | 71,548 | Common | SOLE |
| 166764100 | CVX | CHEVRON CORP NEW | $2.0M | 0.03% | 13,328 | Common | SOLE |
| 09225M101 | BSM | BLACK STONE MINERALS L P | $2.0M | 0.03% | 151,238 | Common | SOLE |
| 369604301 | GE | GE AEROSPACE | $2.0M | 0.03% | 6,409 | Common | SOLE |
| 67066V101 | NAD | NUVEEN QUALITY MUNCP INCOME | $1.9M | 0.03% | 161,977 | Common | SOLE |
| 558256103 | MSGE | MADISON SQUARE GARDEN ENTMT | $1.9M | 0.03% | 35,774 | Common | SOLE |
| 46428Q109 | SLV | ISHARES SILVER TR | $1.9M | 0.03% | 29,395 | Common | SOLE |
| 037833100 | AAPL | APPLE INC | $1.9M | 0.03% | 6,939 | Common | SOLE |
| 76118Y104 | REZI | RESIDEO TECHNOLOGIES INC | $1.9M | 0.03% | 53,696 | Common | SOLE |
| 922908363 | VOO | VANGUARD INDEX FDS | $1.8M | 0.02% | 2,944 | Common | SOLE |
| 047726302 | BATRK | ATLANTA BRAVES HLDGS INC | $1.8M | 0.02% | 46,171 | Common | SOLE |
| 92537N108 | VRT | VERTIV HOLDINGS CO | $1.8M | 0.02% | 11,025 | Common | SOLE |
| G40705108 | GDLC | GRAYSCALE COINDESK CRYPTO | $1.7M | 0.02% | 41,029 | Common | SOLE |
| 717081103 | PFE | PFIZER INC | $1.7M | 0.02% | 67,671 | Common | SOLE |
| 773903109 | ROK | ROCKWELL AUTOMATION INC | $1.6M | 0.02% | 4,215 | Common | SOLE |
| 92826C839 | V | VISA INC | $1.6M | 0.02% | 4,666 | Common | SOLE |
| 703481101 | PTEN | PATTERSON-UTI ENERGY INC | $1.6M | 0.02% | 258,608 | Common | SOLE |
| 66987V109 | NVS | NOVARTIS AG | $1.6M | 0.02% | 11,394 | Common | SOLE |
| 92345Y106 | VRSK | VERISK ANALYTICS INC | $1.6M | 0.02% | 7,000 | Common | SOLE |
| 46284V101 | IRM | IRON MTN INC DEL | $1.5M | 0.02% | 18,405 | Common | SOLE |
| 12618T105 | CRAI | CRA INTL INC | $1.5M | 0.02% | 7,601 | Common | SOLE |
| 29472R108 | ELS | EQUITY LIFESTYLE PPTYS INC | $1.5M | 0.02% | 24,970 | Common | SOLE |
| 01877R108 | ARLP | ALLIANCE RESOURCE PARTNERS L | $1.5M | 0.02% | 64,141 | Common | SOLE |
| 78463V107 | GLD | SPDR GOLD TR | $1.4M | 0.02% | 3,643 | Common | SOLE |
| 72201J104 | PFN | PIMCO INCOME STRATEGY FD II | $1.4M | 0.02% | 191,463 | Common | SOLE |
| 92936U109 | WPC | WP CAREY INC | $1.4M | 0.02% | 22,000 | Common | SOLE |
| G17434104 | BNT | BROOKFIELD WEALTH SOL LTD | $1.4M | 0.02% | 30,737 | Common | SOLE |
| 780915104 | RMT | ROYCE MICRO-CAP TR INC | $1.4M | 0.02% | 134,227 | Common | SOLE |
| 81211K100 | SDA | SEALED AIR CORP NEW | $1.4M | 0.02% | 33,750 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $1.4M | 0.02% | 7,410 | Common | SOLE |
| 064058100 | BK | BANK NEW YORK MELLON CORP | $1.4M | 0.02% | 11,864 | Common | SOLE |
| 49456B101 | KMI | KINDER MORGAN INC DEL | $1.4M | 0.02% | 49,923 | Common | SOLE |
| 670656107 | NRK | NUVEEN NEW YORK AMT QLT MUNI | $1.4M | 0.02% | 135,256 | Common | SOLE |
| 31620M106 | FIS | FIDELITY NATL INFORMATION SV | $1.4M | 0.02% | 20,350 | Common | SOLE |
| 835495102 | SON | SONOCO PRODS CO | $1.3M | 0.02% | 30,613 | Common | SOLE |
| 767204100 | RIO | RIO TINTO PLC | $1.3M | 0.02% | 16,316 | Common | SOLE |
| 74347W130 | SVXY | PROSHARES TR II | $1.3M | 0.02% | 23,348 | Common | SOLE |
| 09260D107 | BX | BLACKSTONE INC | $1.3M | 0.02% | 8,251 | Common | SOLE |
| 002824100 | ABT | ABBOTT LABS | $1.3M | 0.02% | 10,051 | Common | SOLE |
| 37733W204 | GSK | GSK PLC | $1.2M | 0.02% | 24,892 | Common | SOLE |
| 92189F791 | GDXJ | VANECK ETF TRUST | $1.2M | 0.02% | 10,621 | Common | SOLE |
| 438516106 | HON | HONEYWELL INTL INC | $1.2M | 0.02% | 6,095 | Common | SOLE |
| 099502106 | BAH | BOOZ ALLEN HAMILTON HLDG COR | $1.2M | 0.02% | 13,930 | Common | SOLE |
| 032654105 | ADI | ANALOG DEVICES INC | $1.1M | 0.02% | 4,231 | Common | SOLE |
| 060505104 | BAC | BANK AMERICA CORP | $1.1M | 0.02% | 20,560 | Common | SOLE |
| 09254E103 | MYI | BLACKROCK MUNIYIELD QUALITY | $1.1M | 0.02% | 102,099 | Common | SOLE |
| 459200101 | IBM | INTERNATIONAL BUSINESS MACHS | $1.1M | 0.01% | 3,710 | Common | SOLE |
| 047726104 | BATRA | ATLANTA BRAVES HLDGS INC | $1.1M | 0.01% | 25,368 | Common | SOLE |
| 747525103 | QCOM | QUALCOMM INC | $1.1M | 0.01% | 6,234 | Common | SOLE |
| 812215200 | SEG | SEAPORT ENTMT GROUP INC | $1.0M | 0.01% | 52,522 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $1.0M | 0.01% | 3,258 | Common | SOLE |
| 580135101 | MCD | MCDONALDS CORP | $1.0M | 0.01% | 3,339 | Common | SOLE |
| 235851102 | DHR | DANAHER CORPORATION | $1.0M | 0.01% | 4,416 | Common | SOLE |
| 046353108 | AZNN | ASTRAZENECA PLC | $1.0M | 0.01% | 10,994 | Common | SOLE |
| Y8162K204 | SBLK | STAR BULK CARRIERS CORP. | $974,469 | 0.01% | 50,701 | Common | SOLE |
| 92189H607 | OIH | VANECK ETF TRUST | $972,566 | 0.01% | 3,415 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $964,979 | 0.01% | 3,083 | Common | SOLE |
| 462222100 | IONS | IONIS PHARMACEUTICALS INC | $945,522 | 0.01% | 11,952 | Common | SOLE |
| 02043Q107 | ALNY | ALNYLAM PHARMACEUTICALS INC | $944,816 | 0.01% | 2,376 | Common | SOLE |
| 36828A101 | GEV | GE VERNOVA INC | $943,101 | 0.01% | 1,443 | Common | SOLE |
| 67072T108 | JFR | NUVEEN FLOATING RATE INCOME | $934,181 | 0.01% | 119,308 | Common | SOLE |
| 737630103 | PCH | POTLATCHDELTIC CORPORATION | $933,108 | 0.01% | 23,457 | Common | SOLE |
| 88579Y101 | MMM | 3M CO | $912,570 | 0.01% | 5,700 | Common | SOLE |
| 72201Y101 | PDI | PIMCO DYNAMIC INCOME FD | $898,817 | 0.01% | 50,752 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $882,404 | 0.01% | 1,294 | Common | SOLE |
| 655844108 | NSC | NORFOLK SOUTHN CORP | $875,687 | 0.01% | 3,033 | Common | SOLE |
| 314911108 | FRMI | FERMI INC | $869,608 | 0.01% | 108,701 | Common | SOLE |
| 56585A102 | MPC | MARATHON PETE CORP | $857,060 | 0.01% | 5,270 | Common | SOLE |
| 125896100 | CMS | CMS ENERGY CORP | $852,936 | 0.01% | 12,197 | Common | SOLE |
| 38141G104 | GS | GOLDMAN SACHS GROUP INC | $837,687 | 0.01% | 953 | Common | SOLE |
| 172967424 | C | CITIGROUP INC | $827,215 | 0.01% | 7,089 | Common | SOLE |
| 879382208 | TELFY | TELEFONICA S A | $822,384 | 0.01% | 203,058 | Common | SOLE |
| 031162100 | AMGN | AMGEN INC | $817,620 | 0.01% | 2,498 | Common | SOLE |
| 72201H108 | PFL | PIMCO INCOME STRATEGY FD | $786,114 | 0.01% | 93,252 | Common | SOLE |
| 670100205 | NVO | NOVO-NORDISK A S | $781,008 | 0.01% | 15,350 | Common | SOLE |
| 651639106 | NEM | NEWMONT CORP | $780,128 | 0.01% | 7,813 | Common | SOLE |
| 05964H105 | SAN | BANCO SANTANDER SA | $763,153 | 0.01% | 65,060 | Common | SOLE |
| 06748M196 | VXX | BARCLAYS BANK PLC | $757,500 | 0.01% | 10,100 | CALL | SOLE |
| 084670108 | BRK/A | BERKSHIRE HATHAWAY INC DEL | $754,800 | 0.01% | 1 | Common | SOLE |
| 92189F106 | GDX | VANECK ETF TRUST | $743,868 | 0.01% | 8,673 | Common | SOLE |
| 09255X100 | XFRAX | BLACKROCK FLOATING RATE INCO | $698,447 | 0.01% | 59,291 | Common | SOLE |
| 464285204 | IAU | ISHARES GOLD TR | $695,302 | 0.01% | 8,566 | Common | SOLE |
| 26875P101 | EOG | EOG RES INC | $681,829 | 0.01% | 6,493 | Common | SOLE |
| 46137V357 | RSP | INVESCO EXCHANGE TRADED FD T | $653,426 | 0.01% | 3,411 | Common | SOLE |
| 09253R105 | XMVFX | BLACKROCK MUNIVEST FD INC | $644,961 | 0.01% | 93,068 | Common | SOLE |
| 21036P108 | STZ | CONSTELLATION BRANDS INC | $644,687 | 0.01% | 4,673 | Common | SOLE |
| 278642103 | EBAY | EBAY INC. | $639,923 | 0.01% | 7,347 | Common | SOLE |
| 008252108 | AMG | AFFILIATED MANAGERS GROUP IN | $632,774 | 0.01% | 2,195 | Common | SOLE |
| G01767105 | ALKS | ALKERMES PLC | $617,406 | 0.01% | 22,066 | Common | SOLE |
| G54950103 | LIN | LINDE PLC | $614,001 | 0.01% | 1,440 | Common | SOLE |
| 911363109 | URI | UNITED RENTALS INC | $611,845 | 0.01% | 756 | Common | SOLE |
| 46625H100 | JPM | JPMORGAN CHASE & CO. | $609,318 | 0.01% | 1,891 | Common | SOLE |
| 09254C107 | — | BLACKROCK MUNIHOLDINGS QUALI | $606,112 | 0.01% | 60,430 | Common | SOLE |
| 258622109 | DSL | DOUBLELINE INCOME SOLUTIONS | $593,726 | 0.01% | 52,682 | Common | SOLE |
| 921937827 | BSV | VANGUARD BD INDEX FDS | $589,341 | 0.01% | 7,478 | Common | SOLE |
| 829933100 | SIRI | SIRIUSXM HOLDINGS INC | $587,173 | 0.01% | 29,366 | Common | SOLE |
| 540424108 | L | LOEWS CORP | $574,992 | 0.01% | 5,460 | Common | SOLE |
| 19247L106 | RQI | COHEN & STEERS QUALITY INCOM | $571,376 | 0.01% | 50,033 | Common | SOLE |
| 892672106 | TW | TRADEWEB MKTS INC | $568,133 | 0.01% | 5,283 | Common | SOLE |
| G17977110 | BUR | BURFORD CAP LTD | $557,005 | 0.01% | 62,445 | Common | SOLE |
| 75508B104 | RYAM | RAYONIER ADVANCED MATLS INC | $556,605 | 0.01% | 94,500 | Common | SOLE |
| 746228303 | PCYO | PURE CYCLE CORP | $555,335 | 0.01% | 50,531 | Common | SOLE |
| 75886F107 | REGN | REGENERON PHARMACEUTICALS | $544,168 | 0.01% | 705 | Common | SOLE |
| 254687106 | DIS | DISNEY WALT CO | $540,219 | 0.01% | 4,748 | Common | SOLE |
| 85207H104 | PHYS | SPROTT ASSET MANAGEMENT LP | $536,971 | 0.01% | 16,262 | Common | SOLE |
| H17182108 | CRSP | CRISPR THERAPEUTICS AG | $536,933 | 0.01% | 10,239 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $526,525 | 0.01% | 1,595 | Common | SOLE |
| 09062X103 | BIIB | BIOGEN INC | $525,858 | 0.01% | 2,988 | Common | SOLE |
| 920253101 | VMI | VALMONT INDS INC | $523,418 | 0.01% | 1,301 | Common | SOLE |
| 74834L100 | DGX | QUEST DIAGNOSTICS INC | $520,590 | 0.01% | 3,000 | Common | SOLE |
| 09253T101 | XMVTX | BLACKROCK MUNIVEST FD II INC | $518,080 | 0.01% | 47,926 | Common | SOLE |
| 363576109 | AJG | GALLAGHER ARTHUR J & CO | $505,416 | 0.01% | 1,953 | Common | SOLE |
| Y2001C101 | CMDB | COSTAMARE BULKERS HLDGS LTD | $491,733 | 0.01% | 31,910 | Common | SOLE |
| 526057104 | LEN | LENNAR CORP | $482,029 | 0.01% | 4,689 | Common | SOLE |
| 38964G108 | ZCSH | GRAYSCALE ZCASH | $477,039 | 0.01% | 15,173 | Common | SOLE |
| 09247D105 | XBKNX | BLACKROCK INVT QUALITY MUN T | $472,158 | 0.01% | 42,157 | Common | SOLE |
| 78468R549 | XES | SPDR SERIES TRUST | $466,409 | 0.01% | 5,690 | Common | SOLE |
| 38963Q107 | ETCG | GRAYSCALE ETHEREUM CLASSIC | $461,744 | 0.01% | 71,191 | Common | SOLE |
| 06849F108 | B | BARRICK MNG CORP | $459,332 | 0.01% | 10,547 | Common | SOLE |
| 49435R102 | KRP | KIMBELL RTY PARTNERS LP | $457,868 | 0.01% | 38,934 | Common | SOLE |
| 05605H100 | BWXT | BWX TECHNOLOGIES INC | $457,507 | 0.01% | 2,647 | Common | SOLE |
| 314211103 | FHI | FEDERATED HERMES INC | $450,717 | 0.01% | 8,656 | Common | SOLE |
| 609207105 | MDLZ | MONDELEZ INTL INC | $443,774 | 0.01% | 8,244 | Common | SOLE |
| 092508100 | BTZ | BLACKROCK CR ALLOCATION INCO | $438,983 | 0.01% | 40,534 | Common | SOLE |
| 315948109 | FBTC | FIDELITY WISE ORIGIN BITCOIN | $433,062 | 0.01% | 5,681 | Common | SOLE |
| 00760J108 | AEHR | AEHR TEST SYS | $430,047 | 0.01% | 21,300 | Common | SOLE |
| 09254G108 | XMQTX | BLACKROCK MUNIYIELD QUALITY | $428,632 | 0.01% | 42,650 | Common | SOLE |
| 64124P101 | NBH | NEUBERGER MUN FD INC | $418,927 | 0.01% | 41,396 | Common | SOLE |
| 11135F101 | AVGO | BROADCOM INC | $417,742 | 0.01% | 1,207 | Common | SOLE |
| 393657101 | GBX | GREENBRIER COS INC | $406,638 | 0.01% | 8,700 | Common | SOLE |
| 464288174 | WOOD | ISHARES TR | $396,415 | 0.01% | 5,505 | Common | SOLE |
| 67074C103 | NBB | NUVEEN TAXABLE MUNICPAL INM | $394,889 | 0.01% | 24,993 | Common | SOLE |
| 37045V100 | GM | GENERAL MTRS CO | $388,986 | 0.01% | 4,783 | Common | SOLE |
| 29270J100 | ERII | ENERGY RECOVERY INC | $383,655 | 0.01% | 28,440 | Common | SOLE |
| 31423P108 | FMN | FEDERATED HERMES PREM MUNI I | $379,628 | 0.01% | 34,170 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $376,176 | 0.01% | 570 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $356,847 | 0.00% | 1,546 | Common | SOLE |
| 57060D108 | MKTX | MARKETAXESS HLDGS INC | $353,437 | 0.00% | 1,950 | Common | SOLE |
| 754907103 | RYN | RAYONIER INC | $341,492 | 0.00% | 15,773 | Common | SOLE |
| 74347Y730 | VIXY | PROSHARES TR II | $335,500 | 0.00% | 6,100 | CALL | SOLE |
| 001055102 | AFL | AFLAC INC | $330,810 | 0.00% | 3,000 | Common | SOLE |
| 055622104 | BP | BP PLC | $328,754 | 0.00% | 9,466 | Common | SOLE |
| 67070X101 | NZF | NUVEEN MUNICIPAL CREDIT INC | $326,639 | 0.00% | 25,965 | Common | SOLE |
| 258623107 | DBL | DOUBLELINE OPPORTUNISTIC CR | $316,849 | 0.00% | 20,777 | Common | SOLE |
| 922908769 | VTI | VANGUARD INDEX FDS | $311,801 | 0.00% | 930 | Common | SOLE |
| 530909308 | LLYVK | LIBERTY LIVE HOLDINGS INC | $311,351 | 0.00% | 3,744 | Common | SOLE |
| 029899101 | AWR | AMER STATES WTR CO | $307,605 | 0.00% | 4,244 | Common | SOLE |
| 48251W104 | KKR | KKR & CO INC | $305,187 | 0.00% | 2,394 | Common | SOLE |
| 15189T107 | CNP | CENTERPOINT ENERGY INC | $296,483 | 0.00% | 7,733 | Common | SOLE |
| 713448108 | PEP | PEPSICO INC | $292,780 | 0.00% | 2,040 | Common | SOLE |
| 53656G514 | NVIR | LISTED FDS TR | $282,157 | 0.00% | 8,635 | Common | SOLE |
| 172908105 | CTAS | CINTAS CORP | $281,164 | 0.00% | 1,495 | Common | SOLE |
| 92343V104 | VZ | VERIZON COMMUNICATIONS INC | $271,709 | 0.00% | 6,671 | Common | SOLE |
| 372460105 | GPC | GENUINE PARTS CO | $269,282 | 0.00% | 2,190 | Common | SOLE |
| 962166104 | WY | WEYERHAEUSER CO MTN BE | $261,205 | 0.00% | 11,026 | Common | SOLE |
| G29183103 | ETN | EATON CORP PLC | $258,311 | 0.00% | 811 | Common | SOLE |
| 548661107 | LOW | LOWES COS INC | $257,558 | 0.00% | 1,068 | Common | SOLE |
| 921943858 | VEA | VANGUARD TAX-MANAGED FDS | $256,751 | 0.00% | 4,110 | Common | SOLE |
| 07373V105 | BEAM | BEAM THERAPEUTICS INC | $254,857 | 0.00% | 9,194 | Common | SOLE |
| 883556102 | TMO | THERMO FISHER SCIENTIFIC INC | $253,799 | 0.00% | 438 | Common | SOLE |
| 025816109 | AXP | AMERICAN EXPRESS CO | $249,716 | 0.00% | 675 | Common | SOLE |
| 624580106 | MOV | MOVADO GROUP INC | $247,440 | 0.00% | 12,000 | Common | SOLE |
| 03027X100 | AMT | AMERICAN TOWER CORP NEW | $245,798 | 0.00% | 1,400 | Common | SOLE |
| 67066X107 | NAN | NUVEEN NEW YORK QLT MUN INC | $242,653 | 0.00% | 21,550 | Common | SOLE |
| 36266G107 | GEHC | GE HEALTHCARE TECHNOLOGIES I | $238,760 | 0.00% | 2,911 | Common | SOLE |
| 00206R102 | T | AT&T INC | $237,321 | 0.00% | 9,554 | Common | SOLE |
| 088929104 | BGC | BGC GROUP INC | $237,194 | 0.00% | 26,562 | Common | SOLE |
| 194162103 | CL | COLGATE PALMOLIVE CO | $235,321 | 0.00% | 2,978 | Common | SOLE |
| 65339F101 | NEE | NEXTERA ENERGY INC | $235,220 | 0.00% | 2,930 | Common | SOLE |
| 053015103 | ADP | AUTOMATIC DATA PROCESSING IN | $232,535 | 0.00% | 904 | Common | SOLE |
| 674599105 | OXY | OCCIDENTAL PETE CORP | $229,346 | 0.00% | 5,577 | Common | SOLE |
| 64110L106 | NFLX | NETFLIX INC | $225,961 | 0.00% | 2,410 | Common | SOLE |
| 27828Q105 | XEFRX | EATON VANCE SR FLTNG RTE TR | $222,811 | 0.00% | 20,001 | Common | SOLE |
| 258278100 | DORM | DORMAN PRODS INC | $221,742 | 0.00% | 1,800 | Common | SOLE |
| 46133G107 | IQI | INVESCO QUALITY MUN INCOME T | $220,265 | 0.00% | 22,115 | Common | SOLE |
| 921659108 | VNDA | VANDA PHARMACEUTICALS INC | $218,947 | 0.00% | 24,824 | Common | SOLE |
| 097023105 | BA | BOEING CO | $218,422 | 0.00% | 1,006 | Common | SOLE |
| 030420103 | AWK | AMERICAN WTR WKS CO INC NEW | $218,036 | 0.00% | 1,671 | Common | SOLE |
| 363225202 | GALT | GALECTIN THERAPEUTICS INC | $214,173 | 0.00% | 51,484 | Common | SOLE |
| 16411Q101 | CQP | CHENIERE ENERGY PARTNERS LP | $213,920 | 0.00% | 4,000 | Common | SOLE |
| 666807102 | NOC | NORTHROP GRUMMAN CORP | $205,275 | 0.00% | 360 | Common | SOLE |
| 19247A100 | CNS | COHEN & STEERS INC | $204,411 | 0.00% | 3,256 | Common | SOLE |
| 530307305 | LBRDK | LIBERTY BROADBAND CORP | $201,738 | 0.00% | 4,151 | Common | SOLE |
| 67061T101 | NIM | NUVEEN SELECT MAT MUN FD | $200,165 | 0.00% | 21,500 | Common | SOLE |
| 505743104 | LADR | LADDER CAP CORP | $197,820 | 0.00% | 18,000 | Common | SOLE |
| 09253N104 | MHD | BLACKROCK MUNIHOLDINGS FD IN | $197,196 | 0.00% | 16,797 | Common | SOLE |
| 27827X101 | EIM | EATON VANCE MUN BD FD | $172,143 | 0.00% | 17,692 | Common | SOLE |
| 69323T101 | PCM | PCM FD INC | $150,626 | 0.00% | 24,532 | Common | SOLE |
| 091941104 | BGT | BLACKROCK FLOATING RATE INC | $143,641 | 0.00% | 12,678 | Common | SOLE |
| 46131T101 | VTN | INVESCO TR INVT GRADE NEW YO | $141,273 | 0.00% | 12,274 | Common | SOLE |
| 112830104 | RA | BROOKFIELD REAL ASSETS INCOM | $139,384 | 0.00% | 10,755 | Common | SOLE |
| 405552100 | HLN | HALEON PLC | $136,394 | 0.00% | 13,491 | Common | SOLE |
| 76029N106 | REPL | REPLIMUNE GROUP INC | $134,058 | 0.00% | 13,792 | Common | SOLE |
| 67073B106 | JPC | NUVEEN PFD & INCOME OPPORTUN | $133,214 | 0.00% | 16,426 | Common | SOLE |
| 67071L106 | NVG | NUVEEN AMT FREE MUN CR INC F | $131,347 | 0.00% | 10,375 | Common | SOLE |
| 389638107 | ETHE | GRAYSCALE ETHEREUM TRUST ETF | $131,013 | 0.00% | 5,376 | Common | SOLE |
| 88162F105 | TTI | TETRA TECHNOLOGIES INC DEL | $127,432 | 0.00% | 13,600 | Common | SOLE |
| 45826J105 | NTLA | INTELLIA THERAPEUTICS INC | $123,990 | 0.00% | 13,792 | Common | SOLE |
| 27828H105 | XEVVX | EATON VANCE LIMITED DURATION | $123,052 | 0.00% | 12,417 | Common | SOLE |
| 27826S103 | EVF | EATON VANCE SR INCOME TR | $114,517 | 0.00% | 21,730 | Common | SOLE |
| 72200W106 | PML | PIMCO MUN INCOME FD II | $113,477 | 0.00% | 15,050 | Common | SOLE |
| 670928100 | NUV | NUVEEN MUN VALUE FD INC | $104,643 | 0.00% | 11,550 | Common | SOLE |
| 59318D104 | CXE | MFS HIGH INCOME MUN TR | $98,841 | 0.00% | 26,714 | Common | SOLE |
| 088786108 | BCYC | BICYCLE THERAPEUTICS PLC | $97,647 | 0.00% | 13,792 | Common | SOLE |
| 30049H102 | EVLV | EVOLV TECHNOLOGIES HLDNGS IN | $96,660 | 0.00% | 13,500 | Common | SOLE |
| 51654W101 | LTRN | LANTERN PHARMA INC | $83,573 | 0.00% | 27,582 | Common | SOLE |
| 28106W103 | EDIT | EDITAS MEDICINE INC | $62,197 | 0.00% | 30,340 | Common | SOLE |
| 09173B107 | 1B2 | BITFARMS LTD | $43,005 | 0.00% | 18,300 | Common | SOLE |
| 019770106 | ALLO | ALLOGENE THERAPEUTICS INC | $25,191 | 0.00% | 18,388 | Common | SOLE |
| 69404D108 | PACB | PACIFIC BIOSCIENCES CALIF IN | $20,633 | 0.00% | 11,034 | Common | SOLE |
| 38964R203 | ETH | GRAYSCALE ETHEREUM MINI TR E | $18,295 | 0.00% | 652 | Common | SOLE |
| 38963U108 | GBAT | GRAYSCALE BASIC ATTENTION | $3,321 | 0.00% | 2,089 | Common | SOLE |
| 38964P108 | MANA | GRAYSCALE DECENTRALAND | $717 | 0.00% | 691 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.