Horizon Kinetics Asset Management LLC's Q3 to Q4 2022 Holdings Update Shows Significant Changes, including Investment in Grayscale Bitcoin Trust.

Horizon Kinetics Asset Management LLC released its Q3 2022 holdings update which showed a number of changes in the fund's holdings. The update, which lists the current and prior quarter's holdings, showed significant changes in the Fund's holdings in Texas Pacific Land Corp, Wheaton Precious Metals Corp, Civeo Corp, Cheniere Energy Inc, and several other companies. The update also showed that the fund is now holding shares in Grayscale Bitcoin Trust, which was previously not part of its holdings.

Texas Pacific Land Corp was the top holding of the fund in Q3 2022, with a total of 1,489,589 shares held. However, the fund reduced its holdings in the company in Q4 2022, with a total of 1,433,278 shares held, representing a decrease of 26.9% in value. Franco Nevada Corp, another top holding of the fund, had 1,078,565 shares in Q3 2022 which decreased to 1,073,689 shares in Q4 2022, representing a decrease of 13.7% in value.

Wheaton Precious Metals Corp was among the companies that showed a significant increase in holdings by the fund. The company's total shares held increased from 3,259,192 in Q3 2022 to 3,449,456 in Q4 2022, representing an increase of 27.8% in value. Civeo Corp's holdings also increased from 3,583,170 in Q3 2022 to 3,870,376 in Q4 2022, representing an increase of 33.7% in value.

Another interesting change in the fund's holdings was the addition of Grayscale Bitcoin Trust shares. The fund had no shares in the trust in Q3 2022, but in Q4 2022, it held a total of 15,814,012 shares, representing an increase of 131,098% in value. The addition of the trust in the fund's holdings shows that the fund is now entering the world of digital assets and looking to diversify its portfolio.

Cheniere Energy Inc was among the companies that showed a decrease in holdings by the fund. The company's total shares held decreased from 709,091 in Q3 2022 to 693,594 in Q4 2022, representing a decrease of 11.6% in value. Marsh & McLennan Cos Inc was also among the companies that showed a decrease in holdings by the fund. The company's total shares held decreased from 254,669 in Q3 2022 to 249,295 in Q4 2022, representing a decrease of 7.9% in value.

The update also showed that the fund is now holding shares in Brookfield Corp, Brookfield Asset Management Ltd, Sprott Inc, Liberty Media Corp, and several other companies.

In conclusion, the Q3 2022 vs. Q4 2022 13F Holdings Comparison update from Horizon Kinetics Asset Management LLC shows that the fund is making significant changes in its holdings and is actively diversifying its portfolio. The update showed significant changes in holdings in Texas Pacific Land Corp, Wheaton Precious Metals Corp, Civeo Corp, Cheniere Energy Inc, and Grayscale Bitcoin Trust, among others. The addition of Grayscale Bitcoin Trust shows that the fund is now looking to invest in digital assets. It will be interesting to see how the fund performs in the coming quarters with the new additions and changes in its holdings.