Horizon Kinetics Holding Corporation is an investment advisory and independent research firm that provides fundamental value contrarian oriented investment strategies. The company was founded on the belief that extending investment time horizons offers wider opportunity than short term approaches. It operates through its wholly owned registered investment advisor Horizon Kinetics Asset Management LLC. Principal executive offices are located at 470 Park Avenue South New York NY 10016. The firm seeks to deliver superior long term returns by extending investment horizons and leveraging in house research.

The primary source of revenue is advisory fee income earned from managing client accounts under investment advisory and sub advisory agreements. Fees consist of management and performance components and vary with strategy size account servicing needs. Assets under management were approximately $9.6 billion at December 31 2025 and $9.8 billion at December 31 2024. Key products include the Inflation Beneficiaries ETF with net assets of $1.4 billion in 2025 and $1.1 billion in 2024 the Paradigm Fund with $1.0 billion in 2025 and $1.3 billion in 2024 the Small Cap Opportunities Fund with $446.5 million in 2025 and $465 million in 2024 the Polestar Funds with combined net assets of $585.9 million in 2025 and $702.8 million in 2024 the Horizon Kinetics Equity Opportunities Fund with $621.6 million in 2025 and $510.7 million in 2024 the Horizon Multi Strategy Funds with $210.3 million in 2025 and $244.6 million in 2024 and separately managed accounts with $4.1 billion in 2025 and $4.5 billion in 2024. Cash flows from client subscriptions and redemptions as well as market movements influence the level of assets under management and therefore affect revenue. The firm does not generally rebalance accounts in response to market appreciation or depreciation which can cause fees to fluctuate with changes in AUM.

Horizon Kinetics Holding Corporation distinguishes itself with a long term contrarian approach a stable tenured team and extensive in house research. The investment process focuses on companies with predictive attributes such as spin offs owner operated companies and dormant or hidden assets rather than traditional benchmark oriented metrics. All research is produced in house and the firm’s intellectual capability is offered to clients through advisory services and research products. The firm maintains no debt and has invested in technology and senior personnel to enhance client experience and expand capacity. Alignment of interest is reinforced as senior staff invest personal capital alongside client funds. These strengths enable the firm to pursue differentiated strategies in the all cap equity space with low turnover and a focus on long term holding periods. Historical performance of the firm’s products is cited as evidence of its ability to generate alpha and to attract new capital. As of December 31 2025 the company employed 81 people of whom 20 were investment professionals. The asset management business is highly competitive with peers that include other investment managers wealth managers index providers commercial banks and financial institutions.

Horizon Kinetics Holding Corporation serves individual investors institutional clients and financial intermediaries through mutual funds exchange traded funds private funds and separately managed accounts. The firm offers a variety of strategies including core value small cap research select strategic value large cap spin off Asia opportunity all cap and Japan special opportunity. The company’s client base consists of individual investors institutional investors and financial intermediaries.