Horizon Kinetics Asset Management Llc
- Regulatory AUM
- $9.6B
- Discretionary
- $9.5B
- Clients
- 2,223
- Avg AUM / client
- $4.3M
- Accounts
- 2,223
- Employees
- 80
AUM over time
Annual snapshots from Form ADV filings · as of Jul 07, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| High net worth individuals | 1,994 | $2.6B | 26.6% |
| Investment companies | 15 | $3.8B | 39.3% |
| Pooled investment vehicles (non-investment companies) | 33 | $2.0B | 20.9% |
| Pension and profit sharing plans | 12 | $112M | 1.17% |
| Charitable organizations | 19 | $27.1M | 0.28% |
| Corporations and other businesses | 150 | $1.1B | 11.7% |
Private funds (19)
View all →Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $1.0B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Polestar Fund Lp | Hedge Fund | Delaware | $259M | 83 |
| Horizon Kinetics Equity Opportunities Fund Lp | Hedge Fund | Delaware | $240M | 1,021 |
| Horizon Multi Strategy Fund, Lp | Hedge Fund | Delaware | $117M | 30 |
| Polestar Offshore Fund Ltd | Hedge Fund | Cayman Islands | $106M | 11 |
| South Lasalle Partners Lp | Hedge Fund | Delaware | $60.6M | 58 |
| Kinetics Institutional Partners Lp | Hedge Fund | Delaware | $36.7M | 8 |
| Kinetics Paradigm Partners Lp feeder | Hedge Fund | Delaware | $30.0M | 8 |
| Hkj Real Estate Fund, Lp | Hedge Fund | Delaware | $28.3M | 58 |
| Kinetics Partners Lp | Hedge Fund | Delaware | $28.3M | 11 |
| Horizon Multi Disciplinary Master Fund Ltd. master | Hedge Fund | Cayman Islands | $23.9M | 2 |
| Cdk Fund Ltd | Hedge Fund | Cayman Islands | $17.9M | 2 |
| Horizon Multi Disciplinary Fund Lp feeder | Hedge Fund | Delaware | $16.2M | 8 |
| Horizon Credit Opportunities Master Fund Ltd. master | Hedge Fund | Cayman Islands | $11.7M | 2 |
| Horizon Credit Opportunities Fund Lp feeder | Hedge Fund | Delaware | $9.2M | 3 |
| Horizon Multi Strategy Offshore Fund, Ltd. | Hedge Fund | Cayman Islands | $8.3M | 3 |
People (6)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Doyle, Lawrence, Patrick | Elected Manager | Apr 2011 (15y) | Less than 5% | |
| Kesslen, Jay, Harris | Elected Manager | Apr 2011 (15y) | GP / trustee / elected manager of Horizon Kinetics Llc (indirect) | |
| Polyakov, Leonid | Chief Financial Officer And Elected Manager | Apr 2011 (15y) | Less than 5% | |
| Grimaldi, Russell, Wayne | Chief Compliance Officer, Senior Vice President And Associate General Counsel | Jan 2017 (10y) | Less than 5% | |
| Williams, Alun, L | Chief Operating Officer, Managing Director, Elected Manager And Assistant Secretary | Feb 2021 (6y) | Less than 5% | |
| Steven Bregman | Registered representative | Jan 1994 (33y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Horizon Common Inc | Owner | Apr 2011 | B | 25% – 50% of Horizon Kinetics Llc (indirect) |
| Kinetics Common Inc | Owner | Apr 2011 | B | 25% – 50% of Horizon Kinetics Llc (indirect) |
Undisclosed: 80% – 100% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (19, $1.0B gross assets)
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 07/07/2026 | 5.56 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Subscription fees
- • Fixed fees
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Publication of periodicals or newsletters
Custody
Reported custodians
- Fidelity Brokerage Services $2.4B (25% of AUM) Jul 2026
- Us Trust, Bank Of America Private Wealth Management $280M (6% of AUM) Mar 2021
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jul 07, 2026.
View current Form ADV (SEC/IAPD) ↗