13F holdings
HORIZON KINETICS ASSET MANAGEMENT LLC portfolio
Managed by . 351 reported positions worth $9.2B as of 2026-03-31, filed with the SEC on 2026-05-15. Parsed from the filing itself, not a reseller.
$9.2B
Book value
351
Positions
78%
Top 10 weight
+44
New this quarter
-15
Exited
134 days
Age today
How old this actually is
Every position on this page is a snapshot of 2026-03-31. It was already 45 days old on 2026-05-15, the day it first became public. Today it is 134 days old.
That lag is the law, not a service level — Rule 13f-1 gives managers 45 days after quarter end to file, and no product can shorten it. A fund can have sold every share below before you read this sentence. Treat it as a record of what happened, never as a position you can follow.
What changed
Positions opened and closed
Against its 2025-12-31 filing. This is the part worth reading — the holdings table below is mostly years old.
New positions (44)
| Ticker | Issuer | Value | Shares | % of book |
|---|---|---|---|---|
| BOXX | EA SERIES TRUST | $5.5M | 47,475 | 0.06% |
| CMSG | CONSENSUS MINING & SEIGNIORAGE COR | $4.3M | 164,593 | 0.05% |
| PAA | PLAINS ALL AMERN PIPELINE L | $2.0M | 90,209 | 0.02% |
| HUBB | HUBBELL INC | $1.7M | 3,532 | 0.02% |
| GIS | GENERAL MILLS INC | $1.1M | 30,090 | 0.01% |
| AZN | ASTRAZENECA PLC | $1.0M | 5,256 | 0.01% |
| MQY | BLACKROCK MUNIYILD QULT FD I | $911,131 | 82,981 | 0.01% |
| CRCL | CIRCLE INTERNET GROUP INC | $661,382 | 6,932 | 0.01% |
| TQQQ | PROSHARES TR | $502,161 | 12,048 | 0.01% |
| SQQQ | PROSHARES TR | $497,428 | 6,180 | 0.01% |
| TEXX | LISTED FDS TR | $443,200 | 15,737 | 0.00% |
| SLB | SLB LIMITED | $401,818 | 7,819 | 0.00% |
| FANG | DIAMONDBACK ENERGY INC | $395,976 | 2,002 | 0.00% |
| COP | CONOCOPHILLIPS | $371,052 | 2,811 | 0.00% |
| GWW | WW GRAINGER INC | $332,697 | 305 | 0.00% |
| LMT | LOCKHEED MARTIN CORP | $306,426 | 507 | 0.00% |
| PSIX | POWER SOLUTIONS INTL INC | $304,400 | 5,000 | 0.00% |
| MOD | MODINE MFG CO | $299,060 | 1,380 | 0.00% |
| PNI | PIMCO NEW YORK MUN FD II | $257,793 | 37,634 | 0.00% |
| BHP | BHP BILLITON LIMITED | $235,023 | 3,231 | 0.00% |
| DOW | DOW HLDGS INC | $228,284 | 5,481 | 0.00% |
| LLYVA | LIBERTY LIVE HOLDINGS INC | $210,314 | 2,295 | 0.00% |
| NRG | NRG ENERGY INC | $209,711 | 1,435 | 0.00% |
| EFXT | ENERFLEX LTD | $208,991 | 9,990 | 0.00% |
| COST | COSTCO WHOLESALE CORPORATION | $207,257 | 208 | 0.00% |
Closed out (15)
| Ticker | Issuer | Was worth | Shares | % of book |
|---|---|---|---|---|
| AZNN | ASTRAZENECA PLC | $1.0M | 10,994 | 0.00% |
| PCH | POTLATCHDELTIC CORPORATION | $933,108 | 23,457 | 0.00% |
| TELFY | TELEFONICA S A | $822,384 | 203,058 | 0.00% |
| XMVFX | BLACKROCK MUNIVEST FD INC | $644,961 | 93,068 | 0.00% |
| BLACKROCK MUNIHOLDINGS Q | BLACKROCK MUNIHOLDINGS QUALI | $606,112 | 60,430 | 0.00% |
| XMVTX | BLACKROCK MUNIVEST FD II INC | $518,080 | 47,926 | 0.00% |
| XBKNX | BLACKROCK INVT QUALITY MUN T | $472,158 | 42,157 | 0.00% |
| XMQTX | BLACKROCK MUNIYIELD QUALITY | $428,632 | 42,650 | 0.00% |
| KKR | KKR & CO INC | $305,187 | 2,394 | 0.00% |
| VEA | VANGUARD TAX-MANAGED FDS | $256,751 | 4,110 | 0.00% |
| BGC | BGC GROUP INC | $237,194 | 26,562 | 0.00% |
| ADP | AUTOMATIC DATA PROCESSING IN | $232,535 | 904 | 0.00% |
| DORM | DORMAN PRODS INC | $221,742 | 1,800 | 0.00% |
| CNS | COHEN & STEERS INC | $204,411 | 3,256 | 0.00% |
| EVLV | EVOLV TECHNOLOGIES HLDNGS IN | $96,660 | 13,500 | 0.00% |
Added to (65)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| HE | HAWAIIAN ELEC INDS INC MTN B | $321.1M | 21,635,294 | 3.48% | +12% |
| WBI | WATERBRIDGE INFRASTRUCTURE L | $196.7M | 7,342,147 | 2.13% | +7% |
| PBT | PERMIAN BASIN RTY TR | $137.3M | 6,379,692 | 1.49% | +3% |
| MIAX | MIAMI INTL HLDGS INC | $134.3M | 3,451,549 | 1.46% | +90% |
| MSB | MESABI TR | $98.9M | 3,140,972 | 1.07% | +4% |
| SJT | SAN JUAN BASIN RTY TR | $33.6M | 6,978,841 | 0.36% | +12% |
| RBA | RB GLOBAL INC | $17.9M | 186,731 | 0.19% | +73% |
| SBR | SABINE RTY TR | $8.4M | 111,150 | 0.09% | +2% |
| AB | ALLIANCEBERNSTEIN HLDG L P | $8.1M | 217,447 | 0.09% | +12% |
| ET | ENERGY TRANSFER L P | $7.7M | 398,708 | 0.08% | +11% |
| NRP | NATURAL RESOURCE PARTNERS LP | $7.0M | 57,871 | 0.08% | +133% |
| WES | WESTERN MIDSTREAM PARTNERS L | $7.0M | 169,744 | 0.08% | +27% |
| EXMOC | EXXON MOBIL CORP | $6.7M | 39,692 | 0.07% | +3% |
| AMLP | ALPS ETF TR | $5.6M | 106,520 | 0.06% | +77% |
| INFL | LISTED FDS TR | $5.2M | 100,352 | 0.06% | +1% |
Trimmed (122)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| FIS | FIDELITY NATL INFORMATION SV | $206,404 | 4,400 | 0.00% | -78% |
| VXF | VANGUARD INDEX FDS | $1.2M | 6,046 | 0.01% | -77% |
| DBRG | DIGITALBRIDGE GROUP INC | $14.5M | 939,380 | 0.16% | -69% |
| RGLD | ROYAL GOLD INC | $12.0M | 47,142 | 0.13% | -50% |
| GDXJ | VANECK ETF TRUST | $666,942 | 5,556 | 0.01% | -48% |
| GDX | VANECK ETF TRUST | $459,859 | 5,011 | 0.00% | -42% |
| BX | BLACKSTONE INC | $585,529 | 5,092 | 0.01% | -38% |
| BUR | BURFORD CAPITAL LIMITED | $176,895 | 39,136 | 0.00% | -37% |
| GS | GOLDMAN SACHS GROUP INC | $527,052 | 623 | 0.01% | -35% |
| BSV | VANGUARD BD INDEX FDS | $392,128 | 5,001 | 0.00% | -33% |
| HHH | HOWARD HUGHES HOLDINGS INC | $12.4M | 196,410 | 0.13% | -33% |
| OIH | VANECK ETF TRUST | $975,064 | 2,412 | 0.01% | -29% |
| WPM | WHEATON PRECIOUS METALS CORP | $230.8M | 1,761,519 | 2.50% | -29% |
| RYAM | RAYONIER ADVANCED MATLS INC | $758,295 | 68,500 | 0.01% | -28% |
| AVGO | BROADCOM INC | $278,249 | 899 | 0.00% | -26% |
The book
Largest 150 of 351 holdings
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| TPL | TEXAS PACIFIC LAND CORPORATI | $4.8B | 10,015,379 | 51.49% | — |
| GBTC | GRAYSCALE BITCOIN TRUST ETF | $738.9M | 14,004,882 | 8.00% | — |
| LB | LANDBRIDGE COMPANY LLC | $390.6M | 5,657,134 | 4.23% | — |
| HE | HAWAIIAN ELEC INDS INC MTN B | $321.1M | 21,635,294 | 3.48% | — |
| WPM | WHEATON PRECIOUS METALS CORP | $230.8M | 1,761,519 | 2.50% | — |
| WBI | WATERBRIDGE INFRASTRUCTURE L | $196.7M | 7,342,147 | 2.13% | — |
| FNV | FRANCO NEV CORP | $187.1M | 757,297 | 2.03% | — |
| PBT | PERMIAN BASIN RTY TR | $137.3M | 6,379,692 | 1.49% | — |
| MIAX | MIAMI INTL HLDGS INC | $134.3M | 3,451,549 | 1.46% | — |
| ICE | INTERCONTINENTAL EXCHANGE IN | $131.9M | 838,899 | 1.43% | — |
| LNG | CHENIERE ENERGY INC | $119.3M | 420,328 | 1.29% | — |
| CBOE | CBOE GLOBAL MKTS INC | $115.3M | 410,066 | 1.25% | — |
| MSB | MESABI TR | $98.9M | 3,140,972 | 1.07% | — |
| BTC | GRAYSCALE BITCOIN MINI TR ET | $90.1M | 3,004,416 | 0.98% | — |
| CACI | CACI INTL INC | $84.1M | 154,648 | 0.91% | — |
| CME | CME GROUP INC | $79.8M | 270,253 | 0.86% | — |
| VNOM | VIPER ENERGY INC | $78.1M | 1,662,641 | 0.85% | — |
| CCJ | CAMECO CORP | $70.8M | 651,825 | 0.77% | — |
| OR | OR ROYALTIES INC. | $66.7M | 1,754,144 | 0.72% | — |
| BN | BROOKFIELD CORP | $63.6M | 1,571,936 | 0.69% | — |
| CVEO | CIVEO CORP CDA | $62.2M | 2,352,353 | 0.67% | — |
| AN | AUTONATION INC | $43.9M | 225,053 | 0.48% | — |
| BG | BUNGE GLOBAL SA | $42.9M | 336,944 | 0.46% | — |
| TRC | TEJON RANCH CO | $35.8M | 1,902,606 | 0.39% | — |
| HKHC | HORIZON KINETICS HLDG CORP COM | $35.5M | 1,075,416 | 0.38% | — |
| JOE | ST JOE CO | $34.1M | 542,609 | 0.37% | — |
| SJT | SAN JUAN BASIN RTY TR | $33.6M | 6,978,841 | 0.36% | — |
| IBIT | ISHARES BITCOIN TRUST ETF | $30.5M | 793,343 | 0.33% | — |
| SII | SPROTT INC | $29.6M | 206,997 | 0.32% | — |
| WTM | WHITE MTNS INS GROUP LTD | $28.8M | 13,112 | 0.31% | — |
| MRSH | MARSH & MCLENNAN COS INC | $26.3M | 151,341 | 0.28% | — |
| CCL1EUR | CARNIVAL CORP | $24.8M | 957,653 | 0.27% | — |
| LYV | LIVE NATION ENTERTAINMENT IN | $24.0M | 157,169 | 0.26% | — |
| DMLP | DORCHESTER MINERALS L P | $23.3M | 860,226 | 0.25% | — |
| GLXY | GALAXY DIGITAL INC. | $23.1M | 1,250,969 | 0.25% | — |
| PAG | PENSKE AUTOMOTIVE GRP INC | $21.3M | 142,507 | 0.23% | — |
| BRK/B | BERKSHIRE HATHAWAY INC DEL | $18.2M | 38,033 | 0.20% | — |
| RBA | RB GLOBAL INC | $17.9M | 186,731 | 0.19% | — |
| MSTR | STRATEGY INC | $17.4M | 139,253 | 0.19% | — |
| OSK | OSHKOSH CORP | $17.0M | 115,789 | 0.18% | — |
| VUSB | VANGUARD BD INDEX FDS | $16.9M | 339,054 | 0.18% | — |
| RPRX | ROYALTY PHARMA PLC | $16.3M | 340,783 | 0.18% | — |
| DBRG | DIGITALBRIDGE GROUP INC | $14.5M | 939,380 | 0.16% | — |
| TFPM | TRIPLE FLAG PRECIOUS METAL | $14.4M | 413,430 | 0.16% | — |
| ROYAL CARIBBEAN GROUP | ROYAL CARIBBEAN GROUP | $14.2M | 51,698 | 0.15% | — |
| IPAR | INTERPARFUMS INC | $12.6M | 138,333 | 0.14% | — |
| HHH | HOWARD HUGHES HOLDINGS INC | $12.4M | 196,410 | 0.13% | — |
| RGLD | ROYAL GOLD INC | $12.0M | 47,142 | 0.13% | — |
| WMB | WILLIAMS COS INC | $10.1M | 138,301 | 0.11% | — |
| MA | MASTERCARD INCORPORATED | $9.8M | 19,516 | 0.11% | — |
| BAM | BROOKFIELD ASSET MANAGMT LTD | $8.4M | 189,571 | 0.09% | — |
| SBR | SABINE RTY TR | $8.4M | 111,150 | 0.09% | — |
| LBRT | LIBERTY ENERGY INC | $8.3M | 288,222 | 0.09% | — |
| AB | ALLIANCEBERNSTEIN HLDG L P | $8.1M | 217,447 | 0.09% | — |
| ET | ENERGY TRANSFER L P | $7.7M | 398,708 | 0.08% | — |
| MSGS | MADISON SQUARE GRDN SPRT COR | $7.5M | 23,347 | 0.08% | — |
| NRP | NATURAL RESOURCE PARTNERS LP | $7.0M | 57,871 | 0.08% | — |
| WES | WESTERN MIDSTREAM PARTNERS L | $7.0M | 169,744 | 0.08% | — |
| FWONK | LIBERTY MEDIA CORP DEL | $6.9M | 80,990 | 0.07% | — |
| EXMOC | EXXON MOBIL CORP | $6.7M | 39,692 | 0.07% | — |
| SPAQ | LISTED FDS TR | $6.5M | 71,954 | 0.07% | — |
| NDAQ | NASDAQ INC | $6.0M | 70,706 | 0.07% | — |
| VGSH | VANGUARD SCOTTSDALE FDS | $5.8M | 98,748 | 0.06% | — |
| AMLP | ALPS ETF TR | $5.6M | 106,520 | 0.06% | — |
| BOXX | EA SERIES TRUST | $5.5M | 47,475 | 0.06% | — |
| SPHR | SPHERE ENTERTAINMENT CO | $5.4M | 46,252 | 0.06% | — |
| FCX | FREEPORT MCMORAN INC | $5.4M | 91,881 | 0.06% | — |
| INFL | LISTED FDS TR | $5.2M | 100,352 | 0.06% | — |
| JAPN | LISTED FDS TR | $5.2M | 227,765 | 0.06% | — |
| BCDF | LISTED FDS TR | $5.1M | 166,055 | 0.06% | — |
| BCHG | GRAYSCALE BITCOIN CASH TRUST BCH | $5.0M | 1,487,241 | 0.05% | — |
| SAIC | SCIENCE APPLICATIONS INTL CO | $4.8M | 50,581 | 0.05% | — |
| EPD | ENTERPRISE PRODS PARTNERS L | $4.3M | 114,820 | 0.05% | — |
| ADM | ARCHER DANIELS MIDLAND CO | $4.3M | 59,312 | 0.05% | — |
| CMSG | CONSENSUS MINING & SEIGNIORAGE COR | $4.3M | 164,593 | 0.05% | — |
| ABBV | ABBVIE INC | $4.2M | 19,209 | 0.05% | — |
| MKL | MARKEL GROUP INC | $4.0M | 2,102 | 0.04% | — |
| T86 | TRI POINTE HOMES INC | $4.0M | 85,966 | 0.04% | — |
| NTR | NUTRIEN LTD | $3.9M | 51,224 | 0.04% | — |
| JNJ | JOHNSON & JOHNSON | $3.8M | 15,709 | 0.04% | — |
| COSTAMARE INC | COSTAMARE INC | $3.7M | 221,850 | 0.04% | — |
| SU | SUNCOR ENERGY INC NEW | $3.7M | 56,237 | 0.04% | — |
| LLY | ELI LILLY & CO | $3.6M | 3,965 | 0.04% | — |
| BR | BROADRIDGE FINL SOLUTIONS IN | $3.6M | 22,176 | 0.04% | — |
| MRK | MERCK & CO INC | $3.4M | 28,383 | 0.04% | — |
| XNEAX | NUVEEN AMT FREE QLTY MUN INC | $3.3M | 296,306 | 0.04% | — |
| PM | PHILIP MORRIS INTL INC | $3.3M | 19,734 | 0.04% | — |
| EXP | EAGLE MATLS INC | $3.2M | 16,865 | 0.03% | — |
| KLAC | KLA CORP | $3.2M | 2,158 | 0.03% | — |
| LHX | L3HARRIS TECHNOLOGIES INC | $3.2M | 9,153 | 0.03% | — |
| FRMI | FERMI INC | $3.1M | 532,426 | 0.03% | — |
| RCG | RENN FD INC | $3.0M | 912,064 | 0.03% | — |
| CAT | CATERPILLAR INC | $2.9M | 4,117 | 0.03% | — |
| CSCO | CISCO SYS INC | $2.9M | 37,491 | 0.03% | — |
| CVX | CHEVRON CORPORATION | $2.9M | 14,018 | 0.03% | — |
| ARLP | ALLIANCE RESOURCE PARTNERS L | $2.9M | 104,709 | 0.03% | — |
| PTEN | PATTERSON-UTI ENERGY INC | $2.8M | 258,608 | 0.03% | — |
| VRT | VERTIV HOLDINGS CO | $2.8M | 11,025 | 0.03% | — |
| BMY | BRISTOL-MYERS SQUIBB CO | $2.7M | 44,706 | 0.03% | — |
| EQT | EQT CORP | $2.7M | 42,521 | 0.03% | — |
| MTA | METALLA RTY & STREAMING LTD | $2.7M | 404,297 | 0.03% | — |
| FWONA | LIBERTY MEDIA CORP DEL | $2.7M | 34,092 | 0.03% | — |
| MO | ALTRIA GROUP INC | $2.6M | 38,957 | 0.03% | — |
| MSFT | MICROSOFT CORP | $2.6M | 6,924 | 0.03% | — |
| WT | WISDOMTREE INC | $2.4M | 168,056 | 0.03% | — |
| LTCN | GRAYSCALE LITECOIN TRUST LTC SHS | $2.4M | 587,986 | 0.03% | — |
| BKKT | BAKKT INC | $2.3M | 316,538 | 0.03% | — |
| RTX | RTX CORPORATION | $2.3M | 11,895 | 0.02% | — |
| BSM | BLACK STONE MINERALS L P | $2.3M | 151,238 | 0.02% | — |
| APYX | APYX MEDICAL CORPORATION | $2.3M | 615,000 | 0.02% | — |
| FTLF | FITLIFE BRANDS INC | $2.2M | 154,456 | 0.02% | — |
| MYI | BLACKROCK MUNIYIELD QUALITY | $2.2M | 207,994 | 0.02% | — |
| EMR | EMERSON ELEC CO | $2.2M | 16,592 | 0.02% | — |
| LVS | LAS VEGAS SANDS CORP | $2.2M | 40,007 | 0.02% | — |
| MSGE | MADISON SQUARE GARDEN ENTMT | $2.1M | 35,731 | 0.02% | — |
| CRL | CHARLES RIV LABS INTL INC | $2.1M | 12,192 | 0.02% | — |
| TD | TORONTO DOMINION BK ONT | $2.1M | 22,500 | 0.02% | — |
| OPLN | OPENLANE INC | $2.1M | 71,343 | 0.02% | — |
| FNF | FIDELITY NATL FINL INC | $2.1M | 44,478 | 0.02% | — |
| SLV | ISHARES SILVER TR | $2.0M | 29,855 | 0.02% | — |
| PAA | PLAINS ALL AMERN PIPELINE L | $2.0M | 90,209 | 0.02% | — |
| BATRK | ATLANTA BRAVES HLDGS INC | $2.0M | 45,931 | 0.02% | — |
| PFE | PFIZER INC | $1.9M | 68,950 | 0.02% | — |
| IRM | IRON MTN INC DEL | $1.9M | 18,405 | 0.02% | — |
| WEN | WENDYS CO | $1.9M | 269,177 | 0.02% | — |
| NAD | NUVEEN QUALITY MUNCP INCOME | $1.9M | 162,423 | 0.02% | — |
| GE | GE AEROSPACE | $1.8M | 6,418 | 0.02% | — |
| VOO | VANGUARD INDEX FDS | $1.8M | 2,944 | 0.02% | — |
| HUBB | HUBBELL INC | $1.7M | 3,532 | 0.02% | — |
| REZI | RESIDEO TECHNOLOGIES INC | $1.7M | 50,896 | 0.02% | — |
| SON | SONOCO PRODS CO | $1.7M | 31,230 | 0.02% | — |
| NVS | NOVARTIS AG | $1.7M | 10,991 | 0.02% | — |
| GLD | SPDR GOLD TR | $1.7M | 3,863 | 0.02% | — |
| AAPL | APPLE INC | $1.6M | 6,427 | 0.02% | — |
| SPGI | S&P GLOBAL INC | $1.6M | 3,750 | 0.02% | — |
| RIO | RIO TINTO PLC | $1.5M | 16,296 | 0.02% | — |
| RMT | ROYCE MICRO-CAP TR INC | $1.5M | 132,808 | 0.02% | — |
| WPC | WP CAREY INC | $1.5M | 22,000 | 0.02% | — |
| HONGBP | HONEYWELL INTL INC | $1.5M | 6,576 | 0.02% | — |
| NRK | NUVEEN NY AMT FREE | $1.4M | 138,453 | 0.02% | — |
| V | VISA INC | $1.4M | 4,666 | 0.02% | — |
| SDA | SEALED AIR CORP NEW | $1.4M | 33,250 | 0.02% | — |
| ROK | ROCKWELL AUTOMATION INC | $1.4M | 3,895 | 0.02% | — |
| GSK | GSK PLC | $1.3M | 24,419 | 0.01% | — |
| VRSK | VERISK ANALYTICS INC | $1.3M | 7,000 | 0.01% | — |
| PFN | PIMCO INCOME STRATEGY FD II | $1.3M | 191,463 | 0.01% | — |
| KMI | KINDER MORGAN INC DEL | $1.3M | 38,982 | 0.01% | — |
| GDLC | GRAYSCALE COINDESK CRYPTO | $1.3M | 41,029 | 0.01% | — |
| BNT | BROOKFIELD WEALTH SOL LTD | $1.3M | 30,737 | 0.01% | — |
| MPC | MARATHON PETE CORP | $1.3M | 5,202 | 0.01% | — |
This table is the 150 largest positions by value, out of 351 reported. The search box only searches what is on this page — a name absent from it may still be in the filing further down the book. The full info table is here.
This manager also disclosed 2 options positions with a combined notional of $1.0M. Notional is not ownership, so it is excluded from the book value above rather than folded in to make the fund look bigger.
Rows are aggregated by CUSIP — a manager files the same security multiple times when different internal desks hold it. Tickers link to our own backtest of that asset where we cover it.
Read the original
This page was built from one document: the 2026-03-31 Form 13F info table filed by HORIZON KINETICS ASSET MANAGEMENT LLC (CIK 1056823, accession 0001398344-26-009239). Every other 13F site is reading the same file.
If anything here disagrees with it, the filing wins — and we would want to know. All 13F filings by this manager
What a 13F cannot show you
A 13F is a long-only equity snapshot, and the holes in it are structural. Anyone selling you this data as "what the smart money is doing" is selling you one leg of a position:
- No short positions. None, ever. A fund shown here as bullish may be net short the same name through a book you cannot see.
- No cash, bonds, FX, commodities or non-US listings. A macro fund's entire thesis can be invisible.
- No intra-quarter round trips. Bought and sold inside the same quarter means it never appears at all.
- Options are notional, not ownership. We keep puts and calls in a separate bucket rather than adding their notional into a fund's book size, which is how a $2B fund gets reported as a $20B one.
- Confidential treatment. Managers can ask the SEC to withhold a position while they build it. Those holdings are legally absent from the filing, so a "new" position may be months old.
Tested and published by IndicatorEdge · backtest grid generated 2026-06-25 · base rates recomputed 2026-07-31 · how we test
Free · no spam
Get the weekly edge report
The best-performing indicator per asset, what changed this week, and the honest caveats — straight to your inbox.