{ "crd_number": 106096, "slug": "horizon-kinetics-asset-management-llc-new-york-ny-106096", "primary_business_name": "HORIZON KINETICS ASSET MANAGEMENT LLC", "legal_name": "HORIZON KINETICS ASSET MANAGEMENT LLC", "dbas": [], "city": "New York", "state": "NY", "country": "United States", "cbsa_code": "35620", "metro": { "cbsa_code": "35620", "common_name": "New York", "msa_name": "New York-Newark-Jersey City, NY-NJ", "path": "/advisors/ny/new-york" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "1994-09-23", "years_registered": 32, "period": "2026-10-01", "filing_date": "2026-09-24", "carried_forward": false, "raum_total": 9614045104.0, "raum_discretionary": 9457679101.0, "raum_non_discretionary": 156366003.0, "raum_band": "over_5b", "raum_band_label": "Over $5 billion", "total_employees": 80, "advisory_employees": 20, "client_count_bucket": null, "clients_by_type": { "charitable": { "raum": 27116120.0, "count": 19 }, "investment_companies": { "raum": 3775062047.0, "count": 15 }, "pension_profit_sharing": { "raum": 112240544.0, "count": 12 }, "high_net_worth_individuals": { "raum": 2559824533.0, "count": 1994 }, "pooled_investment_vehicles": { "raum": 2010831381.0, "count": 33 }, "corporations_other_businesses": { "raum": 1128970479.0, "count": 150 } }, "compensation_types": [ "fixed", "percentage_of_aum", "performance_based", "subscription" ], "advisory_activities": [ "periodicals_newsletters", "portfolio_management_businesses_institutional", "portfolio_management_individuals", "portfolio_management_investment_companies", "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": true, "disclosure_yes_count": 0, "states_registered": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DC", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VI", "VT", "WA", "WI", "WV" ], "websites": [ "https://hkholdingco.com", "https://horizonkinetics.com", "https://kineticsfunds.com", "https://linkedin.com/company/horizon-kinetics-llc", "https://twitter.com/HORIZONKINETICS" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/106096", "city_as_filed": "NEW YORK", "url": "https://advisorcensus.com/firm/horizon-kinetics-asset-management-llc-new-york-ny-106096", "display_name": "Horizon Kinetics Asset Management LLC", "summary": "Horizon Kinetics Asset Management LLC is an SEC-registered investment advisory firm in New York, NY, registered since 1994, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 24, 2026.", "citation": "AdvisorCensus. Horizon Kinetics Asset Management LLC (CRD 106096): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Subscription fees (for a newsletter or periodical)", "Fixed fees (other than subscription fees)", "Performance-based fees" ], "advisory_activity_labels": [ "Portfolio management for individuals and/or small businesses", "Portfolio management for investment companies (and business development companies)", "Portfolio management for pooled investment vehicles (other than investment companies)", "Portfolio management for businesses (other than small businesses) or institutional clients", "Publication of periodicals or newsletters" ], "quick_answers": [ { "q": "How is Horizon Kinetics Asset Management LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Horizon Kinetics Asset Management LLC reports these compensation arrangements: a percentage of assets under its management; subscription fees (for a newsletter or periodical); fixed fees (other than subscription fees); performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is Horizon Kinetics Asset Management LLC located?", "a": "Horizon Kinetics Asset Management LLC's principal office is in New York, NY, according to its Form ADV; the October 2026 filing also lists 3 other offices (Schedule D, Section 1.F)." }, { "q": "Is Horizon Kinetics Asset Management LLC registered with the SEC or a state?", "a": "Horizon Kinetics Asset Management LLC is an SEC-registered investment advisory firm, registered since 1994. Status as filed: Approved. CRD 106096." }, { "q": "How much does Horizon Kinetics Asset Management LLC manage?", "a": "Horizon Kinetics Asset Management LLC reports $9,614,045,104 in regulatory assets under management in its Form ADV filing dated September 24, 2026 (98% discretionary)." }, { "q": "How have Horizon Kinetics Asset Management LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Horizon Kinetics Asset Management LLC: Regulatory assets under management: $4,888,391,632 in the October 2021 data and $9,614,045,104 in the October 2026 data, up 97%. Total employees: 77 in October 2021 and 80 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Horizon Kinetics Asset Management LLC serve?", "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (1,994); corporations or other businesses not listed above (150); pooled investment vehicles (other than investment companies and business development companies) (33)." }, { "q": "Which custodians does Horizon Kinetics Asset Management LLC use?", "a": "Horizon Kinetics Asset Management LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Brokerage Services LLC as a custodian holding 10% or more of its separately managed account assets." }, { "q": "Does Horizon Kinetics Asset Management LLC report any disciplinary disclosures?", "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/106096" }, { "q": "What changed in Horizon Kinetics Asset Management LLC's recent Form ADV filings?", "a": "In the May 2026 filing data: Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 4888391632.0, "total_employees": 77, "filing_date": "2021-03-31" }, { "period": "2022-10-01", "regulatory_assets_under_management": 6842041469.0, "total_employees": 78, "filing_date": "2022-03-31" }, { "period": "2023-10-01", "regulatory_assets_under_management": 7897532391.0, "total_employees": 75, "filing_date": "2023-03-31" }, { "period": "2024-10-01", "regulatory_assets_under_management": 6503114873.0, "total_employees": 77, "filing_date": "2024-03-28" }, { "period": "2025-10-01", "regulatory_assets_under_management": 9840059863.0, "total_employees": 84, "filing_date": "2025-03-28" }, { "period": "2026-10-01", "regulatory_assets_under_management": 9614045104.0, "total_employees": 80, "filing_date": "2026-09-24" } ], "recent_changes": [ { "period": "2026-05-01", "period_label": "May 2026", "notes": [ "Updated its list of owners and control persons (Schedule A)." ] }, { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 21 to 20." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "Fidelity Brokerage Services LLC", "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC", "affiliated": false } ], "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.", "markdown_url": "https://advisorcensus.com/firm/horizon-kinetics-asset-management-llc-new-york-ny-106096.md", "clients": [ { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 1994, "fewer_than_5": false, "raum": 2559824533.0 }, { "type": "investment_companies", "label": "Investment companies", "count": 15, "fewer_than_5": false, "raum": 3775062047.0 }, { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 33, "fewer_than_5": false, "raum": 2010831381.0 }, { "type": "pension_profit_sharing", "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)", "count": 12, "fewer_than_5": false, "raum": 112240544.0 }, { "type": "charitable", "label": "Charitable organizations", "count": 19, "fewer_than_5": false, "raum": 27116120.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": 150, "fewer_than_5": false, "raum": 1128970479.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/106096", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }