Investment adviser · CRD 106096

HORIZON KINETICS ASSET MANAGEMENT LLC

Investment adviser filing (IA)

NEW YORK, NY, United States · Form ADV filed Sep 24, 2026

Regulatory AUM
$9.61B
Form ADV · Item 5.F
Client accounts
2,223
Accounts, not individual clients
Employees
80
Reported in this filing
Advisory professionals
20
Investment advisory functions

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client typeClientsRegulatory assetsShare of AUM
Investment companies15$3,775,062,04739.3%
High-net-worth individuals1,994$2,559,824,53326.6%
Pooled investment vehicles33$2,010,831,38120.9%
Corporations & businesses150$1,128,970,47911.7%
Retirement plans12$112,240,5441.2%
Charities19$27,116,1200.3%
Filing source

Form ADV 2134667 · Sep 24, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

21 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

HORIZON KINETICS EQUITY OPPORTUNITIES FUND LPHedge Fund · Last reported Sep 24, 2026$622MGross asset value

Form D fundraising filings

HORIZON KINETICS EQUITY OPPORTUNITIES FUND, LP

Fund administrator US BANK GLOBAL FUND SERVICES, LLC HACKENSACK, New Jersey, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor CBIZ CPAS P.C. SAN FRANSISCO, California, United States
Custodian FIDELITY BROKERAGE SERVICES LLC NEW YORK, New York, United States Related to adviser: No
Prime broker FIDELITY BROKERAGE SERVICES LLC NEW YORK, New York, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

CBIZ CPAS P.C.
PCAOB 199

FIDELITY BROKERAGE SERVICES LLC
SEC 8-23292

FIDELITY BROKERAGE SERVICES LLC
CRD 7784 · SEC 8-23292

Fund details & source
Fund ID
805-6286146848
Reported beneficial owners
967
Minimum commitment
$250K
Form D file number
021-107599
Form D file number
021-175503

Form ADV 2134667 · Sep 24, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

POLESTAR FUND LPHedge Fund · Last reported Sep 24, 2026$412MGross asset value

Form D fundraising filings

POLESTAR FUND LP

Fund administrator US BANK GLOBAL FUND SERVICES, LLC HACKENSACK, New Jersey, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor CBIZ CPAS P.C. SAN FRANSISCO, California, United States
Custodian FIDELITY BROKERAGE SERVICES LLC NEW YORK, New York, United States Related to adviser: No
Marketer STIFEL, NICOLAUS & COMPANY, INCORPORATED ST. LOUIS, Missouri, United States Related to adviser: No
Prime broker FIDELITY BROKERAGE SERVICES LLC NEW YORK, New York, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

CBIZ CPAS P.C.
PCAOB 199

FIDELITY BROKERAGE SERVICES LLC
SEC 8-23292

STIFEL, NICOLAUS & COMPANY, INCORPORATED
CRD 793 · SEC 801-10746

FIDELITY BROKERAGE SERVICES LLC
CRD 7784 · SEC 8-23292

Fund details & source
Fund ID
805-5544914067
Reported beneficial owners
80
Minimum commitment
$500K
Form D file number
021-175154
Form D file number
021-52800

Form ADV 2134667 · Sep 24, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

HORIZON MULTI-STRATEGY FUND, LPHedge Fund · Last reported Sep 24, 2026$200MGross asset value

Form D fundraising filings

Horizon Multi Strategy Fund LP

Fund administrator US BANK GLOBAL FUND SERVICES, LLC HACKENSACK, New Jersey, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor CBIZ CPAS P.C. SAN FRANSISCO, California, United States
Custodian FIDELITY BROKERAGE SERVICES LLC NEW YORK, New York, United States Related to adviser: No
Marketer STIFEL, NICOLAUS & COMPANY, INCORPORATED ST. LOUIS, Missouri, United States Related to adviser: No
Marketer WELLS FARGO ADVISORS NEW YORK, New York, United States Related to adviser: No
Prime broker FIDELITY BROKERAGE SERVICES LLC NEW YORK, New York, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

CBIZ CPAS P.C.
PCAOB 199

FIDELITY BROKERAGE SERVICES LLC
SEC 8-23292

STIFEL, NICOLAUS & COMPANY, INCORPORATED
CRD 793 · SEC 801-10746

WELLS FARGO ADVISORS
CRD 11025 · SEC 801-57434

FIDELITY BROKERAGE SERVICES LLC
CRD 7784 · SEC 8-23292

Fund details & source
Fund ID
805-4668509482
Reported beneficial owners
30
Minimum commitment
$500K
Form D file number
021-101868

Form ADV 2134667 · Sep 24, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

POLESTAR OFFSHORE FUND LTDHedge Fund · Last reported Sep 24, 2026$175MGross asset value

Form D fundraising filings

POLESTAR OFFSHORE FUND LTD

Fund administrator US BANK GLOBAL FUND SERVICES (CAYMAN) LIMITED GEORGE TOWN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor CBIZ CPAS P.C. SAN FRANSISCO, California, United States
Custodian FIDELITY BROKERAGE SERVICES LLC NEW YORK, New York, United States Related to adviser: No
Marketer UOB GLOBAL EQUITY SALES LLC NEW YORK, New York, United States Related to adviser: No
Prime broker FIDELITY BROKERAGE SERVICES LLC NEW YORK, New York, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

CBIZ CPAS P.C.
PCAOB 199

FIDELITY BROKERAGE SERVICES LLC
SEC 8-23292

UOB GLOBAL EQUITY SALES LLC
CRD 126500 · SEC 8-65886

FIDELITY BROKERAGE SERVICES LLC
CRD 7784 · SEC 8-23292

Fund details & source
Fund ID
805-9329552072
Reported beneficial owners
12
Minimum commitment
$500K
Form D file number
021-175165
Form D file number
021-72230

Form ADV 2134667 · Sep 24, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

SOUTH LASALLE PARTNERS LPHedge Fund · Last reported Sep 24, 2026$163MGross asset value

Form D fundraising filings

South LaSalle Partners, L.P.

Fund administrator US BANK GLOBAL FUND SERVICES, LLC HACKENSACK, New Jersey, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor CBIZ CPAS P.C. SAN FRANSISCO, California, United States
Custodian FIDELITY BROKERAGE SERVICES LLC NEW YORK, New York, United States Related to adviser: No
Prime broker FIDELITY BROKERAGE SERVICES LLC NEW YORK, New York, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

CBIZ CPAS P.C.
PCAOB 199

FIDELITY BROKERAGE SERVICES LLC
SEC 8-23292

FIDELITY BROKERAGE SERVICES LLC
CRD 7784 · SEC 8-23292

Fund details & source
Fund ID
805-4251200795
Reported beneficial owners
67
Minimum commitment
$500K
Form D file number
021-139316
Form D file number
021-175193

Form ADV 2134667 · Sep 24, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

KINETICS INSTITUTIONAL PARTNERS LPHedge Fund · Last reported Sep 24, 2026$58.1MGross asset value

Form D fundraising filings

Kinetics Institutional Partners L P

Fund administrator US BANK GLOBAL FUND SERVICES, LLC HACKENSACK, New Jersey, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor CBIZ CPAS P.C. SAN FRANSISCO, California, United States
Custodian FIDELITY BROKERAGE SERVICES LLC NEW YORK, New York, United States Related to adviser: No
Marketer UOB GLOBAL EQUITY SALES LLC NEW YORK, New York, United States Related to adviser: No
Prime broker FIDELITY BROKERAGE SERVICES LLC NEW YORK, New York, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

CBIZ CPAS P.C.
PCAOB 199

FIDELITY BROKERAGE SERVICES LLC
SEC 8-23292

UOB GLOBAL EQUITY SALES LLC
CRD 126500 · SEC 8-65886

FIDELITY BROKERAGE SERVICES LLC
CRD 7784 · SEC 8-23292

Fund details & source
Fund ID
805-7891428320
Reported beneficial owners
8
Minimum commitment
$500K
Form D file number
021-175457
Form D file number
021-77145

Form ADV 2134667 · Sep 24, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

HORIZON KINETICS ROYALTY AND REAL ASSETS FUND LPHedge Fund · Last reported Sep 24, 2026$48.9MGross asset value

Form D fundraising filings

Horizon Kinetics Royalty & Real Asset Fund LP

Fund administrator US BANK GLOBAL FUND SERVICES, LLC HACKENSACK, New Jersey, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor CBIZ CPAS P.C. SAN FRANSISCO, California, United States
Custodian FIDELITY BROKERAGE SERVICES LLC NEW YORK, New York, United States Related to adviser: Yes
Prime broker FIDELITY BROKERAGE SERVICES LLC NEW YORK, New York, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

CBIZ CPAS P.C.
PCAOB 199

FIDELITY BROKERAGE SERVICES LLC
SEC 8-23292

FIDELITY BROKERAGE SERVICES LLC
CRD 7784 · SEC 8-23292

Fund details & source
Fund ID
805-2648629605
Reported beneficial owners
57
Minimum commitment
$500K
Form D file number
021-536682

Form ADV 2134667 · Sep 24, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Sep 24, 2026. View historical filings

Reported services

Individual portfolio management · Investment company portfolio management · Pooled investment vehicle management · Business portfolio management · Publication of newsletters

Compensation

Percentage of assets · Subscription · Fixed · Performance-based

Principal office

1270 AVENUE OF THE AMERICAS, 27TH FLOOR
NEW YORK, NY, 10020, United States

CRD 106096

Filing source

Form ADV 2134667 · Sep 24, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.