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Horizon Kinetics: An Undervalued Asset Manager Nobody Owns
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Horizon Kinetics: An Undervalued Asset Manager Nobody Owns

Seeking Alpha·Fund Letter Stock Ideas·21 days ago
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Summary

  • Horizon Kinetics is an asset manager with more than $10B in AUM.
  • HKHC shares ended 2025 at approximately $23.50 per share.
  • For 2026, there was a recent IPO of a long-time HKHC holding, Miami International Exchange, and triangulating the valuation for just that one incentive fee suggests another $1.00 per share in value in 2026.

Single stock ideas excerpted from fund letters published by Seeking Alpha.

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