HORIZON KINETICS ASSET MANAGEMENT LLC

13F filer, CIK 1056823, NEW YORK, NY

HORIZON KINETICS ASSET MANAGEMENT LLC reported $8,814,785,591 across 347 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-15. Its ten largest share positions make up 80.61% of the portfolio.

Filed 2025-05-15 (acceptance time not in the bulk data set), ingested 2026-10-07 18:25:06 UTC13F-HR 0001056823-25-000010

Period: 2025-03-31
Reported value: $8.81B
Holdings: 347
Top 10 weight: 80.61%
New: 8
Sold out: 10

Largest buys vs the previous quarter

Security	Shares change	Approx. value
HEadded	+10,277,502	$113M
ARIS WATER SOLUTIONS INCadded	+1,234,978	$39.6M
VUSBadded	+225,141	$11.2M
LBadded	+87,682	$6.31M
FNVadded	+28,741	$4.53M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

Security	Shares change	Approx. value
CACIreduced	-169,843	-$62.3M
SAICreduced	-354,773	-$39.8M
GBTCreduced	-471,650	-$30.7M
TPLreduced	-11,489	-$15.2M
DBRGreduced	-1,037,363	-$9.15M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2025

Share positions as resolved from 13F-HR 0001056823-25-000010, largest first. % of portfolio is the value over $8,812,646,091, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
TPLTEXAS PACIFIC LAND CORPORATI	3,595,090	$4.76B	54.05%	-11,489	Timeline
GBTCGRAYSCALE BITCOIN TRUST ETF	14,696,513	$958M	10.87%	-471,650	Timeline
LBLANDBRIDGE COMPANY LLC	5,486,957	$395M	4.48%	+87,682	Timeline
WPMWHEATON PRECIOUS METALS CORP	2,956,694	$230M	2.6%	+25,448	Timeline
FNVFRANCO NEV CORP	1,016,774	$160M	1.82%	+28,741	Timeline
ICEINTERCONTINENTAL EXCHANGE IN	818,261	$141M	1.6%	+13,680	Timeline
HEHAWAIIAN ELEC INDS INC MTN B	12,657,000	$139M	1.57%	+10,277,502	Timeline
BTCGRAYSCALE BITCOIN MINI TR ET	3,060,636	$112M	1.27%	-3,666	Timeline
CBOECBOE GLOBAL MKTS INC	418,256	$94.6M	1.07%	+3,782	Timeline
MSBMESABI TR	2,901,695	$78.9M	0.9%	+58,685	Timeline
VIPER ENERGY INC-CL AVIPER ENERGY INC-CL A	1,612,439	$72.8M	0.83%	+23,035
CACICACI INTL INC	189,652	$69.6M	0.79%	-169,843	Timeline
CVEOCIVEO CORP CDA	2,971,543	$68.3M	0.78%	-92,476	Timeline
BNBROOKFIELD CORP	1,210,885	$63.5M	0.72%	-7,712	Timeline
ARIS WATER SOLUTIONS INCARIS WATER SOLUTIONS INC	1,464,286	$46.9M	0.53%	+1,234,978
MSTRSTRATEGY INC	161,495	$46.6M	0.53%	-3,820	Timeline
ANAUTONATION INC	280,493	$45.4M	0.52%	-1,705	Timeline
LYVLIVE NATION ENTERTAINMENT IN	325,976	$42.6M	0.48%	-3,759	Timeline
PBTPERMIAN BASIN RTY TR	4,134,327	$41M	0.46%	+188,244	Timeline
IBITISHARES BITCOIN TRUST ETF	870,320	$40.7M	0.46%	+6,048	Timeline
MRSHMARSH & MCLENNAN COS INC	148,593	$36.3M	0.41%	+3,965	Timeline
OSISKO GOLD ROYALTIES LTDOSISKO GOLD ROYALTIES LTD	1,703,037	$36M	0.41%	+43,115
ACGPASSOCIATED CAP GROUP INC CLASS	907,945	$34.8M	0.39%	-9,685	Timeline
CMECME GROUP INC	128,253	$34M	0.39%	+2,400	Timeline
HHHHOWARD HUGHES HOLDINGS INC	437,006	$32.4M	0.37%	-21,591	Timeline
DBRGDIGITALBRIDGE GROUP INC	3,445,977	$30.4M	0.34%	-1,037,363	Timeline
Sandstorm Gold LtdSandstorm Gold Ltd	3,672,796	$27.7M	0.31%	-115,876
DMLPDORCHESTER MINERALS L P	912,463	$27.4M	0.31%	+3,817	Timeline
PAGPENSKE AUTOMOTIVE GRP INC	184,863	$26.6M	0.3%	+1,897	Timeline
CCJCAMECO CORP	632,707	$26M	0.3%	+15,756	Timeline
JOEST JOE CO	550,339	$25.8M	0.29%	-13,863	Timeline
BGBUNGE GLOBAL SA	328,171	$25.1M	0.28%	+9,050	Timeline
ADMARCHER DANIELS MIDLAND CO	506,448	$24.3M	0.28%	-39,271	Timeline
BRK-BBERKSHIRE HATHAWAY INC DEL	43,121	$23M	0.26%	-479	Timeline
WFGWEST FRASER TIMBER CO LTD	288,632	$22.2M	0.25%	+7,265	Timeline
WTMWHITE MTNS INS GROUP LTD	11,345	$21.8M	0.25%	+1,256	Timeline
CCLCARNIVAL CORP	1,085,048	$21.2M	0.24%	+917	Timeline
VUSBVANGUARD BD INDEX FDS	395,341	$19.7M	0.22%	+225,141	Timeline
SITIO ROYALTIES CORPSITIO ROYALTIES CORP	885,494	$17.6M	0.2%	+23,068
IPARINTERPARFUMS INC	147,121	$16.8M	0.19%	+1	Timeline
VGSHVANGUARD SCOTTSDALE FDS	237,864	$14M	0.16%	+22,766	Timeline
SJTSAN JUAN BASIN RTY TR	2,470,132	$13.7M	0.16%	+655,918	Timeline
LISTED FDS TRLISTED FDS TR	131,597	$13.3M	0.15%	+6,162
OSKOSHKOSH CORP	138,973	$13.1M	0.15%	-1,146	Timeline
TRCTEJON RANCH CO	824,062	$13.1M	0.15%	-27,232	Timeline
RGLDROYAL GOLD INC	74,628	$12.2M	0.14%	-164	Timeline
RCLROYAL CARIBBEAN GROUP	56,561	$11.6M	0.13%	-592	Timeline
WENWENDYS CO	762,174	$11.2M	0.13%	-20,447	Timeline
RBARB GLOBAL INC	110,839	$11.1M	0.13%	+209	Timeline
BAMBROOKFIELD ASSET MANAGMT LTD	226,411	$11M	0.12%	-7,949	Timeline
MAMASTERCARD INCORPORATED	19,630	$10.8M	0.12%	+339	Timeline
WMBWILLIAMS COS INC	172,665	$10.3M	0.12%	-225	Timeline
RPRXROYALTY PHARMA PLC	329,570	$10.3M	0.12%	+10,394	Timeline
SIISPROTT INC	198,915	$8.93M	0.1%	+6,449	Timeline
FWONKLIBERTY MEDIA CORP DEL	97,530	$8.78M	0.1%	-1,643	Timeline
SBRSABINE RTY TR	118,281	$8.01M	0.09%	+8,360	Timeline
SPGIS&P GLOBAL INC	15,570	$7.91M	0.09%	-2,424	Timeline
NDAQNASDAQ INC	103,343	$7.84M	0.09%	+97	Timeline
ETENERGY TRANSFER L P	409,166	$7.61M	0.09%	+97,442	Timeline
LBRDKLIBERTY BROADBAND CORP	85,732	$7.29M	0.08%	-1,354	Timeline
ELSEQUITY LIFESTYLE PROPERTIES	100,528	$6.71M	0.08%	-4,407	Timeline
XOMEXXON MOBIL CORP	54,459	$6.48M	0.07%	+30	Timeline
PMPHILIP MORRIS INTL INC	38,294	$6.08M	0.07%	0	Timeline
MSGSMADISON SQUARE GRDN SPRT COR	30,183	$5.88M	0.07%	-78	Timeline
SAICSCIENCE APPLICATIONS INTL CO	51,922	$5.83M	0.07%	-354,773	Timeline
FCXFREEPORT MCMORAN INC	142,497	$5.39M	0.06%	+900	Timeline
CRLCHARLES RIV LABS INTL INC	34,286	$5.16M	0.06%	-25,554	Timeline
ABBVABBVIE INC	24,157	$5.06M	0.06%	-1,891	Timeline
EXPEAGLE MATLS INC	22,422	$4.98M	0.06%	-7,527	Timeline
MSFTMICROSOFT CORP	12,597	$4.73M	0.05%	-176	Timeline
MKLMARKEL GROUP INC	2,496	$4.67M	0.05%	-9	Timeline
EPDENTERPRISE PRODS PARTNERS L	132,087	$4.51M	0.05%	+1,335	Timeline
ABALLIANCEBERNSTEIN HLDG L P	115,986	$4.44M	0.05%	+44,699	Timeline
BXBLACKSTONE INC	30,200	$4.22M	0.05%	0	Timeline
BSMBLACK STONE MINERALS L P	268,638	$4.1M	0.05%	-7,000	Timeline
INFLLISTED FDS TR	98,346	$4M	0.05%	+3,079	Timeline
TPHTRI POINTE HOMES INC	124,012	$3.96M	0.04%	0	Timeline
XNEAXNUVEEN AMT FREE QLTY MUN INC	343,632	$3.85M	0.04%	-1	Timeline
MOALTRIA GROUP INC	63,197	$3.79M	0.04%	0	Timeline
FNFFIDELITY NATL FINL INC	58,071	$3.78M	0.04%	+5	Timeline
BCDFLISTED FDS TR	131,939	$3.68M	0.04%	+9,796	Timeline
BMYBRISTOL-MYERS SQUIBB CO	59,813	$3.65M	0.04%	-663	Timeline
BCHGGRAYSCALE BITCOIN CA	1,506,729	$3.56M	0.04%	+51,441	Timeline
LLYELI LILLY & CO	4,257	$3.52M	0.04%	0	Timeline
BURBURFORD CAPITAL LIMITED	266,106	$3.52M	0.04%	-76,844	Timeline
CSCOCISCO SYS INC	56,641	$3.5M	0.04%	0	Timeline
LTCNGRAYSCALE LITECOIN TR LTC	515,218	$3.39M	0.04%	-1,676	Timeline
CVXCHEVRON CORPORATION	20,246	$3.39M	0.04%	+600	Timeline
LHXL3HARRIS TECHNOLOGIES INC	16,050	$3.36M	0.04%	-405	Timeline
FWONALIBERTY MEDIA CORP DEL	40,870	$3.33M	0.04%	-3,948	Timeline
NTRNUTRIEN LTD	65,575	$3.26M	0.04%	-1,451	Timeline
KLACKLA CORP	4,787	$3.25M	0.04%	-37	Timeline
JNJJOHNSON & JOHNSON	19,612	$3.25M	0.04%	+10	Timeline
AMLPALPS ETF TR	61,330	$3.19M	0.04%	+273	Timeline
CMRECOSTAMARE INC	321,640	$3.16M	0.04%	+40	Timeline
MRKMERCK & CO INC	34,074	$3.06M	0.03%	+500	Timeline
SUSUNCOR ENERGY INC NEW	77,944	$3.02M	0.03%	0	Timeline
KMIKINDER MORGAN INC DEL	104,408	$2.98M	0.03%	+772	Timeline
BKKTBAKKT INC	335,752	$2.91M	0.03%	-32,175	Timeline
PTENPATTERSON-UTI ENERGY INC	345,030	$2.84M	0.03%	-2,512	Timeline
IRMIRON MTN INC DEL	32,455	$2.79M	0.03%	-445	Timeline
RTXRTX CORPORATION	20,519	$2.72M	0.03%	-99	Timeline
CATCATERPILLAR INC	7,918	$2.61M	0.03%	-25	Timeline
EMREMERSON ELEC CO	23,462	$2.57M	0.03%	-200	Timeline
PFEPFIZER INC	100,026	$2.53M	0.03%	-677	Timeline
LBRTLIBERTY ENERGY INC	158,914	$2.52M	0.03%	-65,935	Timeline
NVDANVIDIA CORPORATION	22,060	$2.39M	0.03%	-2,100	Timeline
LVSLAS VEGAS SANDS CORP	61,780	$2.39M	0.03%	+1,385	Timeline
FISFIDELITY NATL INFORMATION SV	30,440	$2.27M	0.03%	+100	Timeline
WPCWP CAREY INC	34,750	$2.19M	0.02%	-400	Timeline
VRSKVERISK ANALYTICS INC	7,000	$2.08M	0.02%	0	Timeline
OPLNOPENLANE INC	106,857	$2.06M	0.02%	0	Timeline
EQTEQT CORP	38,404	$2.05M	0.02%	new	Timeline
BACBANK OF AMER CORP	48,950	$2.04M	0.02%	-275	Timeline
RCGRENN FD INC	800,989	$2.04M	0.02%	+75,092	Timeline
SPHRSPHERE ENTERTAINMENT CO	62,205	$2.04M	0.02%	+797	Timeline
CRAICRA INTL INC	11,594	$2.01M	0.02%	-934	Timeline
HONHONEYWELL INTL INC	9,481	$2.01M	0.02%	0	Timeline
SONSONOCO PRODS CO	41,730	$1.97M	0.02%	+2,200	Timeline
PFNPIMCO INCOME STRATEGY FD II	257,327	$1.94M	0.02%	0	Timeline
BATRKATLANTA BRAVES HLDGS INC	47,684	$1.91M	0.02%	-4,461	Timeline
TDTORONTO DOMINION BK ONT	31,250	$1.87M	0.02%	+300	Timeline
NRPNATURAL RESOURCE PARTNERS LP	18,025	$1.87M	0.02%	-370	Timeline
FTLFFITLIFE BRANDS INC	154,456	$1.87M	0.02%	new	Timeline
TELFYTELEFONICA SA-SPON ADR	390,578	$1.82M	0.02%	-699	Timeline
WTWISDOMTREE INC	201,093	$1.79M	0.02%	-3,245	Timeline
PDIPIMCO DYNAMIC INCOME FD	86,378	$1.71M	0.02%	-458	Timeline
SANBANCO SANTANDER SA	250,510	$1.68M	0.02%	+333	Timeline
VOOVANGUARD INDEX FDS	3,187	$1.64M	0.02%	-199	Timeline
ARLPALLIANCE RESOURCE PARTNERS L	59,392	$1.62M	0.02%	+4,631	Timeline
BRBROADRIDGE FINL SOLUTIONS IN	6,599	$1.6M	0.02%	+4,292	Timeline
NADNUVEEN QUALITY MUNCP INCOME	138,117	$1.59M	0.02%	0	Timeline
VVISA INC	4,539	$1.59M	0.02%	0	Timeline
CSWCSW INDUSTRIALS INC	5,400	$1.57M	0.02%	0	Timeline
RIORIO TINTO PLC	25,966	$1.56M	0.02%	+1,600	Timeline
ROKROCKWELL AUTOMATION INC	6,015	$1.55M	0.02%	0	Timeline
BAHBOOZ ALLEN HAMILTON HLDG COR	14,702	$1.54M	0.02%	+772	Timeline
GSKGSK PLC	38,665	$1.5M	0.02%	-1,200	Timeline
MSGEMADISON SQUARE GARDEN ENTMT	44,505	$1.46M	0.02%	-4,993	Timeline
GDLCGRAYSCALE COINDESK CRYPTO	41,029	$1.42M	0.02%	0	Timeline
AAPLAPPLE INC	6,363	$1.41M	0.02%	-1,645	Timeline
PCHPOTLATCHDELTIC CORP	31,270	$1.41M	0.02%	-12,282	Timeline
NVSNOVARTIS AG	12,547	$1.4M	0.02%	0	Timeline
MMM3M CO	9,475	$1.39M	0.02%	-100	Timeline
REZIRESIDEO TECHNOLOGIES INC	78,262	$1.39M	0.02%	-50	Timeline
SEESEALED AIR CORP NEW	47,550	$1.37M	0.02%	+4,100	Timeline
ABTABBOTT LABORATORIES	10,041	$1.33M	0.02%	0	Timeline
EOGEOG RES INC	10,293	$1.32M	0.01%	+75	Timeline
GEGE AEROSPACE	6,497	$1.3M	0.01%	+51	Timeline
LINLINDE PLC	2,750	$1.28M	0.01%	+290	Timeline
MCDMCDONALDS CORP	4,046	$1.26M	0.01%	0	Timeline
RYAMRAYONIER ADVANCED MATLS INC	215,500	$1.24M	0.01%	-200	Timeline
JFRNUVEEN FLOATING RATE INCOME	143,818	$1.22M	0.01%	0	Timeline
SIRISIRIUSXM HOLDINGS INC	52,911	$1.19M	0.01%	-9,218	Timeline
DHRDANAHER CORP DEL	5,744	$1.18M	0.01%	-934	Timeline
CMSCMS ENERGY CORP	15,675	$1.18M	0.01%	0	Timeline
GDXJVANECK ETF TRUST	20,550	$1.18M	0.01%	-1,843	Timeline
SEGSEAPORT ENTMT GROUP INC	54,456	$1.17M	0.01%	-564	Timeline
VRTVERTIV HOLDINGS CO	16,140	$1.17M	0.01%	+470	Timeline
PFLPIMCO INCOME STRATEGY FD	135,486	$1.17M	0.01%	0	Timeline
BATRAATLANTA BRAVES HLDGS INC	26,401	$1.16M	0.01%	0	Timeline
RYNRAYONIER INC	41,382	$1.15M	0.01%	-13,985	Timeline
RMTROYCE MICRO-CAP TR INC	136,840	$1.15M	0.01%	-375	Timeline
MTAMETALLA RTY & STREAMING LTD	401,541	$1.15M	0.01%	0	Timeline
BNTBROOKFIELD WEALTH SOL LTD	21,878	$1.14M	0.01%	-169	Timeline
AMGNAMGEN INC	3,597	$1.12M	0.01%	0	Timeline
SVXYPROSHARES TR II	24,344	$1.11M	0.01%	-1,973	Timeline
NVONOVO-NORDISK A S	15,716	$1.09M	0.01%	0	Timeline
GLDSPDR GOLD TR	3,736	$1.08M	0.01%	-20	Timeline
KRPKIMBELL RTY PARTNERS LP	76,374	$1.07M	0.01%	+466	Timeline
BNYBANK OF NY MELLON CORP	12,064	$1.01M	0.01%	0	Timeline
RQICOHEN & STEERS QUALITY INCOM	78,227	$983K	0.01%	+400	Timeline
XESSPDR SERIES TRUST	13,686	$977K	0.01%	-3,018	Timeline
OIHVANECK ETF TRUST	3,691	$968K	0.01%	0	Timeline
ADIANALOG DEVICES INC	4,751	$958K	0.01%	-5	Timeline
VXFVANGUARD INDEX FDS	5,557	$957K	0.01%	-7,354	Timeline
XFRAXBLACKROCK FLOATING RATE INCO	73,870	$954K	0.01%	0	Timeline
BGCBGC GROUP INC	103,969	$953K	0.01%	-41,517	Timeline
SLVISHARES SILVER TR	30,690	$951K	0.01%	0	Timeline
AZNASTRAZENECA PLC-SPONS ADR	12,856	$945K	0.01%	-20	Timeline
NEMNEWMONT CORP	19,483	$941K	0.01%	-559	Timeline
DGXQUEST DIAGNOSTICS INC	5,550	$939K	0.01%	-50	Timeline
FHIFEDERATED HERMES INC	22,862	$932K	0.01%	-2,234	Timeline
BPBP PLC	27,414	$926K	0.01%	+100	Timeline
IBMINTERNATIONAL BUSINESS MACHS	3,650	$908K	0.01%	0	Timeline
EBAYEBAY INC.	13,235	$896K	0.01%	-102	Timeline
QCOMQUALCOMM INC	5,682	$873K	0.01%	-40	Timeline
WYWEYERHAEUSER CO	28,936	$847K	0.01%	-1,644	Timeline
APYXAPYX MEDICAL CORPORATION	615,000	$843K	0.01%	0	Timeline
BIPBROOKFIELD INFRASTRUCTURE PA	27,971	$833K	0.01%	-200	Timeline
GOOGALPHABET INC	5,317	$831K	0.01%	-28	Timeline
DOWDOW HLDGS INC	23,371	$816K	0.01%	+9,500	Timeline
GMGENERAL MTRS CO	17,343	$816K	0.01%	-500	Timeline
BRK-ABERKSHIRE HATHAWAY INC DEL	1	$798K	0.01%	0	Timeline
NSCNORFOLK SOUTHN CORP	3,368	$798K	0.01%	0	Timeline
MPCMARATHON PETE CORP	5,470	$797K	0.01%	-100	Timeline
ALNYALNYLAM PHARMACEUTICALS INC	2,880	$778K	0.01%	0	Timeline
MDLZMONDELEZ INTL INC	11,278	$765K	0.01%	-500	Timeline
ALKSALKERMES PLC	23,033	$761K	0.01%	0	Timeline
SPYSTATE STR SPDR S&P 500 ETF T	1,337	$748K	0.01%	-133	Timeline
GOOGLALPHABET INC	4,830	$747K	0.01%	+15	Timeline
SYKSTRYKER CORPORATION	2,000	$744K	0.01%	0	Timeline
NRKNUVEEN NY AMT FREE	71,483	$736K	0.01%	0	Timeline
VMIVALMONT INDS INC	2,575	$735K	0.01%	0	Timeline
DSLDOUBLELINE INCOME SOLUTIONS	57,717	$728K	0.01%	-612	Timeline
JPMJPMORGAN CHASE & CO	2,915	$715K	0.01%	-830	Timeline
GBXGREENBRIER COS INC	13,950	$715K	0.01%	0	Timeline
SBLKSTAR BULK CARRIERS CORP.	45,892	$714K	0.01%	+7,255	Timeline
HODLVANECK BITCOIN ETF	30,520	$711K	0.01%	+22,890	Timeline
TWTRADEWEB MKTS INC	4,753	$706K	0.01%	0	Timeline
AJGGALLAGHER ARTHUR J & CO	1,957	$676K	0.01%	0	Timeline
GSGOLDMAN SACHS GROUP INC	1,193	$652K	0.01%	0	Timeline
KKRKKR & CO INC	5,358	$619K	0.01%	0	Timeline
BLACKROCK MUNIHOLDINGS QUAL…BLACKROCK MUNIHOLDINGS QUALITY	61,530	$615K	0.01%	0
LENLENNAR CORP	5,306	$609K	0.01%	-444	Timeline
CMCANADIAN IMPERIAL BANK OF CO	10,500	$591K	0.01%	0	Timeline
IWMISHARES TR	2,960	$590K	0.01%	new	Timeline
BSVVANGUARD BD INDEX FDS	7,478	$585K	0.01%	0	Timeline
LLYVKLIBERTY MEDIA CORP DEL	8,501	$579K	0.01%	-11,098	Timeline
KVUEKENVUE INC	23,962	$575K	0.01%	+1,400	Timeline
DISDISNEY WALT CO	5,705	$563K	0.01%	0	Timeline
ENBENBRIDGE INC	12,532	$555K	0.01%	0	Timeline
HKHCHORIZON KINETICS HOLDING COR	16,224	$550K	0.01%	+56	Timeline
BTZBLACKROCK CR ALLOCATION	51,023	$547K	0.01%	0	Timeline
ETCGGRAYSCALE ETHEREUM CLASSIC TR	70,851	$542K	0.01%	-191	Timeline
TQQQPROSHARES TR	9,054	$519K	0.01%	new	Timeline
IAUISHARES GOLD TR	8,690	$512K	0.01%	0	Timeline
XMVTXBLACKROCK MUNIVEST FUND II	47,926	$507K	0.01%	0	Timeline
LLOEWS CORP	5,497	$505K	0.01%	-46	Timeline
RSPINVESCO EXCHANGE TRADED FD T	2,912	$504K	0.01%	-2,203	Timeline
CCITIGROUP INC	7,089	$503K	0.01%	+928	Timeline
GDXVANECK ETF TRUST	10,741	$494K	0.01%	-386	Timeline
MYIBLACKROCK MUNIYIELD QUALITY	44,854	$493K	0.01%	0	Timeline
XBKNXBLACKROCK INVEST QLTY MUNI	42,157	$484K	0.01%	0	Timeline
SQQQProShares UltraPro Short QQQ	12,596	$483K	0.01%	new	Timeline
LADRLADDER CAP CORP	42,000	$479K	0.01%	+1,000	Timeline
NZFNUVEEN MUN CR INCOME FD	38,952	$476K	0.01%	-250	Timeline
REGNREGENERON PHARMACEUTICALS	735	$466K	0.01%	0	Timeline
WOODISHARES TR	6,153	$464K	0.01%	-142	Timeline
KHCKRAFT HEINZ CO	15,160	$461K	0.01%	+839	Timeline
GEVGE VERNOVA INC	1,509	$461K	0.01%	+23	Timeline
PIMCO NY MUNICIPAL INCOME FDPIMCO NY MUNICIPAL INCOME FD	58,956	$442K	0.01%	0
DBLDOUBLELINE OPPORTUNISTIC CR	28,236	$441K	0.01%	-362	Timeline
NANNUVEEN NY DIVI ADV	38,119	$434K	<0.01%	0	Timeline
BIIBBIOGEN INC	3,169	$434K	<0.01%	0	Timeline
NBHNEUBERGER MUN FD INC	41,529	$432K	<0.01%	0	Timeline
NBBNUVEEN TAXABLE MUNICPAL INM	26,210	$420K	<0.01%	0	Timeline
FBTCFIDELITY WISE ORIGIN BITCOIN	5,791	$417K	<0.01%	-90	Timeline
PHYSSPROTT ASSET MANAGEMENT LP	16,621	$400K	<0.01%	0	Timeline
OXYOCCIDENTAL PETE CORP	8,062	$398K	<0.01%	+203	Timeline
XMQTXBLACKROCK MUNIYIELD QLTY II	39,579	$396K	<0.01%	0	Timeline
MMACYS INC	31,500	$396K	<0.01%	+1,000	Timeline
KRBNKRANESHARES TRUST	13,525	$382K	<0.01%	-11,485	Timeline
IONSIONIS PHARMACEUTICALS INC	12,476	$376K	<0.01%	0	Timeline
FMNFEDERATED HERMES PREM MUNI I	34,360	$373K	<0.01%	-720	Timeline
CRSPCRISPR THERAPEUTICS AG	10,682	$364K	<0.01%	0	Timeline
DORMDORMAN PRODS INC	3,000	$362K	<0.01%	0	Timeline
VTIVANGUARD INDEX FDS	1,302	$358K	<0.01%	-50	Timeline
AWRAMER STATES WTR CO	4,468	$352K	<0.01%	0	Timeline
AMGAFFILIATED MANAGERS GROUP	2,085	$350K	<0.01%	+311	Timeline
AMTAMERICAN TOWER CORP	1,600	$348K	<0.01%	0	Timeline
METAMETA PLATFORMS INC	598	$345K	<0.01%	+15	Timeline
TAT&T INC	12,092	$342K	<0.01%	+1,692	Timeline
PEPPEPSICO INC	2,273	$341K	<0.01%	-40	Timeline
XEFRXEATON VANCE SR FLTNG RTE TR	27,801	$341K	<0.01%	0	Timeline
TFPMTRIPLE FLAG PRECIOUS METAL	17,548	$336K	<0.01%	+4,556	Timeline
AFLAFLAC INC	3,000	$334K	<0.01%	0	Timeline
CNPCENTERPOINT ENERGY INC	9,133	$331K	<0.01%	-500	Timeline
NVGNUVEEN AMT FREE MUN CR INC F	26,276	$325K	<0.01%	-280	Timeline
MKTXMARKETAXESS HLDGS INC	1,494	$323K	<0.01%	0	Timeline
VZVERIZON COMMUNICATIONS INC	6,973	$316K	<0.01%	+1,145	Timeline
CNSCOHEN & STEERS INC	3,789	$304K	<0.01%	-317	Timeline
MOVMOVADO GROUP INC	18,173	$304K	<0.01%	-88	Timeline
CLCOLGATE PALMOLIVE CO	3,102	$291K	<0.01%	0	Timeline
NFLXNETFLIX INC.	311	$290K	<0.01%	-75	Timeline
PBHPRESTIGE CONSMR HEALTHCARE I	3,247	$279K	<0.01%	0	Timeline
NVIRLISTED FDS TR	8,899	$271K	<0.01%	+88	Timeline
GPCGENUINE PARTS CO	2,250	$268K	<0.01%	-110	Timeline
CQPCHENIERE ENERGY PARTNERS L P	4,000	$264K	<0.01%	0	Timeline
GEHCGE HEALTHCARE TECHNOLOGIES I	3,264	$263K	<0.01%	-17	Timeline
BWXTBWX TECHNOLOGIES INC	2,665	$263K	<0.01%	-25	Timeline
PCMPCM FD INC	40,252	$260K	<0.01%	0	Timeline
AWKAMERICAN WTR WKS CO INC NEW	1,734	$256K	<0.01%	0	Timeline
ETNEATON CORP PLC	925	$251K	<0.01%	-50	Timeline
URIUNITED RENTALS INC	400	$251K	<0.01%	new	Timeline
BGTBLACKROCK FLOATING RATE INC	19,778	$246K	<0.01%	0	Timeline
EXEEXPAND ENERGY CORPORATION	2,203	$245K	<0.01%	0	Timeline
ADPAUTOMATIC DATA PROCESSING IN	800	$244K	<0.01%	0	Timeline
IFFINTERNATIONAL FLAVORS&FRAGRA	3,050	$237K	<0.01%	0	Timeline
RABROOKFIELD REAL ASSETS INCOM	17,614	$232K	<0.01%	0	Timeline
EATON VANCE NEW YORK MUN BDEATON VANCE NEW YORK MUN BD	24,358	$231K	<0.01%	0
PWRQUANTA SVCS INC	900	$229K	<0.01%	0	Timeline
JPCNUVEEN PFD & INCOME OPPORTUN	28,250	$225K	<0.01%	-288	Timeline
EIMEATON VANCE MUN BD FD	22,431	$224K	<0.01%	0	Timeline
LLYVALIBERTY MEDIA CORP	3,194	$215K	<0.01%	-1,465	Timeline
IQIINVESCO QUALITY MUN INCOME T	22,115	$214K	<0.01%	0	Timeline
AMZNAMAZON COM INC	1,125	$214K	<0.01%	+1	Timeline
BARRICK GOLD CORPBARRICK GOLD CORP	10,600	$206K	<0.01%	new
NEENEXTERA ENERGY INC	2,860	$203K	<0.01%	0	Timeline
DALDELTA AIR LINES INC	4,600	$201K	<0.01%	0	Timeline
WYNNWYNN RESORTS LTD	2,401	$200K	<0.01%	-168	Timeline
NIMNUVEEN SELECT MAT MUN FD	21,500	$200K	<0.01%	0	Timeline
MHDBLACKROCK MUNIHOLDINGS FD IN	16,653	$196K	<0.01%	0	Timeline
SMRNUSCALE PWR CORP	13,550	$192K	<0.01%	0	Timeline
NMZNUVEEN MUN HIGH INCOME OPPOR	17,322	$189K	<0.01%	0	Timeline
PMLPIMCO MUN INCOME FD II	23,325	$189K	<0.01%	0	Timeline
EVFEATON VANCE SR INCOME TR	32,130	$188K	<0.01%	0	Timeline
XBNYXBLACKROCK NEW YORK MUNI INC	18,237	$185K	<0.01%	0	Timeline
XEVVXEATON VANCE LIMITED DURATION	15,668	$156K	<0.01%	0	Timeline
KYNKAYNE ANDERSON ENERGY INFRST	12,032	$154K	<0.01%	-56	Timeline
EFTEATON VANCE FLOATING RATE IN	12,000	$151K	<0.01%	0	Timeline
BLACKROCK MUNI INC TR IIBLACKROCK MUNI INC TR II	14,426	$150K	<0.01%	0
HLNHALEON PLC	14,082	$145K	<0.01%	0	Timeline
REPLREPLIMUNE GROUP INC	14,396	$140K	<0.01%	0	Timeline
CXEMFS HIGH INCOME MUN TR	34,614	$128K	<0.01%	-800	Timeline
BCYCBICYCLE THERAPEUTICS PLC	14,396	$122K	<0.01%	0	Timeline
OIAINVESCO MUNI INCOME OPP TRST	19,911	$120K	<0.01%	0	Timeline
VNDAVANDA PHARMACEUTICALS INC	25,912	$119K	<0.01%	0	Timeline
VTNINVESCO TR INVT GRADE NEW YO	10,414	$109K	<0.01%	0	Timeline
NUVNUVEEN MUN VALUE FD INC	12,350	$108K	<0.01%	0	Timeline
NTLAINTELLIA THERAPEUTICS INC	14,596	$104K	<0.01%	+200	Timeline
EVNEATON VANCE MUN INCOME TR	10,014	$103K	<0.01%	0	Timeline
LTRNLANTERN PHARMA INC	28,791	$102K	<0.01%	0	Timeline
ETHEGRAYSCALE ETHEREUM STAKING E	6,683	$102K	<0.01%	0	Timeline
EATON VANCE CALIFORNIA MUNI…EATON VANCE CALIFORNIA MUNI BO	10,679	$99K	<0.01%	0
2SEVENTY BIO INC COMMON STO…2SEVENTY BIO INC COMMON STOCK	17,275	$85.3K	<0.01%	0
GALTGALECTIN THERAPEUTICS INC	53,742	$65.6K	<0.01%	0	Timeline
PIMCO NEW YORK MUN INCMPIMCO NEW YORK MUN INCM	10,355	$58.4K	<0.01%	0
OISOIL STS INTL INC	11,300	$58.2K	<0.01%	0	Timeline
VVRINVESCO SR INCOME TR	15,179	$56.9K	<0.01%	0	Timeline
ZCSHZCASH ETF	15,492	$46K	<0.01%	0	Timeline
TTITETRA TECHNOLOGIES INC DEL	13,600	$45.7K	<0.01%	0	Timeline
EVLVEVOLV TECHNOLOGIES HLDNGS IN	13,500	$42.1K	<0.01%	0	Timeline
HIOWESTERN ASSET HIGH INCOME OP	10,072	$40.1K	<0.01%	0	Timeline
EDITEDITAS MEDICINE INC	31,720	$36.8K	<0.01%	0	Timeline
ALLOALLOGENE THERAPEUTICS INC	19,194	$28K	<0.01%	0	Timeline
BITFBITFARMS LTD	18,300	$14.4K	<0.01%	0	Timeline
PACBPACIFIC BIOSCIENCES CALIF IN	11,517	$13.6K	<0.01%	0	Timeline
ETHGRAYSCALE ETHEREUM STAKING	665	$11.5K	<0.01%	0	Timeline
GBATGRAYSCALE BASIC ATTENTION	2,089	$4.39K	<0.01%	0	Timeline
GRAYSCALE DECENTRALAND TRUSTGRAYSCALE DECENTRALAND TRUST	691	$2.65K	<0.01%	0

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

Security	Type	Amount	Value	Change
VXXBARCLAYS BANK PLC IPATH S&P 500 SH	call	10,000	$1.1M	+100
VIXYPROSHARES TR II VIX SHT TERM FUT	call	5,700	$428K	+100
DIR DLY GOL MN IDX BR 2X ETFDIR DLY GOL MN IDX BR 2X ETF ETF	call	3,900	$273K	+400
Direxion Daily Junior Gold …Direxion Daily Junior Gold Miners… ETF	call	6,600	$205K	+500
ProShares Ultra VIX Short-T…ProShares Ultra VIX Short-Term Fu… ETF	call	2,400	$134K	new

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

Security	Type	Amount	Value	Change
LNGCHENIERE ENERGY INC Stock	principal	484,096	$112M	-5,209

Sold out in Q1 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

Security	Shares before	Value before	Type
MRXMAREX GROUP PLC	141,374	$4.41M	shares
FITLIFE BRANDS INCFITLIFE BRANDS INC	77,228	$2.52M	shares
BLACKROCK MUNICIPAL INCOME …BLACKROCK MUNICIPAL INCOME FUN	101,802	$1.23M	shares
DDOMINION ENERGY INC	10,750	$579K	shares
KOCOCA COLA CO	5,870	$365K	shares
CMCSACOMCAST CORP NEW	9,066	$340K	shares
BEAMBEAM THERAPEUTICS INC	9,597	$238K	shares
BABOEING CO	1,320	$234K	shares
AXPAMERICAN EXPRESS CO	700	$208K	shares
APLDAPPLIED DIGITAL CORP	23,870	$182K	shares

How Q1 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0001056823-25-000010	base		2025-05-15	acceptance time not in the bulk data set	2026-10-07 18:25:06 UTC