Horizon Kinetics Holding Corp

HKHC | OTC | CIK: 0000088000 | SIC: 6282 Investment Advice | active
New York, New York
Horizon Kinetics Holding Corporation, through its wholly-owned registered investment advisor Horizon Kinetics Asset Management LLC, is a fundamental value, contrarian-oriented investment advisory and independent research firm. The company manages approximately $9.6 billion in assets (as of December 31, 2025) across ETFs, mutual funds, private funds, and separately managed accounts. Key products include the Inflation Beneficiaries ETF, Paradigm Fund, Small Cap Opportunities Fund, Polestar Funds, Equity Opportunities Fund, and Horizon Multi-Strategy Funds.
investment-advisory-and-asset-managementall-cap-equitysmall-cap-equityinflation-beneficiary-equitiesdigital-assetsprivate-fundsinstitutional-and-retail-separate-accounts

Products

NameTypeDescription
Horizon Kinetics Inflation Beneficiaries ETFserviceActively managed ETF seeking long-term growth in real inflation-adjusted terms by investing in companies expected to benefit from rising real asset prices; $1.4 billion net assets at December 31, 2025.
Paradigm FundserviceNon-diversified all-cap mutual fund investing in undervalued companies with high returns on equity and significant growth potential; $1.0 billion net assets at December 31, 2025.
Small Cap Opportunities FundserviceSmall-cap mutual fund investing in fundamentally undervalued companies with market capitalizations at or below the S&P 600 SmallCap Index; $446.5 million net assets at December 31, 2025.
Polestar FundsserviceOnshore and offshore private funds capitalizing on market inefficiencies through long holding periods and concentrated positions; $585.9 million combined net assets at December 31, 2025.
Horizon Kinetics Equity Opportunities FundservicePrivate fund with multiple classes investing in digital assets (including Bitcoin), public equities, and private investments; $621.6 million net assets at December 31, 2025.
Horizon Multi-Strategy FundsserviceOnshore and offshore private funds using value-oriented in-house research emphasizing asymmetric expected return properties; $210.3 million net assets at December 31, 2025.
Separately Managed AccountsserviceIndividual client accounts across thematic strategies including core value, small cap, spin-off, Asia opportunity, and Japan Special opportunity; approximately $4.1 billion AUM at December 31, 2025.

SEC Filings

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