Every 8-K that HORIZON KINETICS HOLDING (HKHC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow HKHC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full HKHC filings page.
Horizon Kinetics Holding Corporation reported mixed second-quarter 2026 results. GAAP management and advisory fees were $18.8 million for the quarter, essentially flat year over year, while total revenues rose 0.7% to $19.0 million. Advisor-only management and advisory fees for the six-month period climbed to $59.0 million, helped by $18.1 million of first-quarter incentive fees tied to Miami International Holdings, Inc. exchange restrictions expiring.
Quarterly GAAP operating income was $3.0 million, but investment losses in consolidated investment products drove a GAAP net loss attributable to Horizon Kinetics of $18.4 million, or $(0.99) per share. On an advisor-only basis, operating income was $4.9 million. For the six months, net income attributable to Horizon Kinetics was $54.2 million. Assets under management increased 12.1% year to date to $10.8 billion, primarily from a strong rise in Texas Pacific Land Corporation holdings, partially offset by bitcoin-related declines and expected outflows from private funds. The board declared a $0.13 per-share cash dividend, payable September 10, 2026.
Horizon Kinetics Holding Corporation reported a sharp increase in profitability for the quarter ended March 31, 2026, driven by incentive and investment income. Net income attributable to the company rose to $72.5 million, or $3.89 per share, compared with $22.8 million, or $1.23, a year earlier.
On an “advisor only” basis (excluding consolidated private funds), management and advisory fee revenue increased to $38.9 million, an 84% rise from the first quarter of 2025, helped by $18.1 million of incentive fees related to MIAX investments and higher INFL ETF revenue. Assets under management grew to $11.4 billion, up 19% from December 31, 2025. The board declared a quarterly cash dividend of $0.127 per share.
Horizon Kinetics Holding Corporation entered into a Board Representative Agreement with Texas Pacific Land Corporation on May 5, 2026. Under this agreement, the TPL board agreed to nominate a Horizon designee for election to its board at TPL’s 2026 annual stockholders’ meeting, subject to committee approval.
Horizon selected Peter Doyle as its designee, and he was appointed to the TPL board and its strategic acquisitions committee on May 6, 2026. The agreement also creates mutual non-disparagement and limits Horizon’s ability to run proxy contests or propose alternative governance or transaction changes at TPL while Doyle serves and through completion of the next TPL stockholders’ meeting.
Horizon Kinetics Holding Corporation announced that Chairman and Chief Executive Officer Murray Stahl passed away on April 7, 2026. Stahl co-founded the firm in 1994 and helped build it into a publicly traded company with a market capitalization of approximately $600 million and a debt-free balance sheet.
To implement its succession plan, the company appointed co-founders Steven Bregman and Peter Doyle as Co-Chief Executive Officers and formed a Founders’ Committee with fellow co-founder Tom Ewing to oversee a seamless transition of responsibilities. The company emphasizes its continued commitment to executing Stahl’s long-term vision for clients and shareholders.
Horizon Kinetics Holding Corporation reported strong top-line growth but sharply lower earnings for 2025. Revenue for the year ended December 31, 2025 rose to $72.8 million, an increase of $17.0 million or 31%, driven mainly by higher management fees from mutual funds and ETFs as assets grew and performance improved.
Advisor-only operating income (excluding consolidated funds) was $21.4 million, while net income attributable to Horizon Kinetics Holding Corporation fell to $5.1 million, largely reflecting the absence of $51.7 million of private-fund incentive fees realized in 2024 and a swing to $15.6 million of unrealized investment losses. Assets under management were $9.6 billion as of December 31, 2025.
The company recorded unearned incentive fees of $22.6 million tied to restricted Miami International Holdings shares, expected to be resolved in the first quarter of 2026. The board declared a cash dividend of $0.121 per share, payable March 31, 2026 to shareholders of record on March 23, 2026.
Horizon Kinetics Holding Corporation reported via an 8-K that it issued a press release with financial information for the three months ended September 30, 2025. The press release is attached as Exhibit 99.1 and incorporated by reference. The Item 2.02 disclosure is designated as furnished, not filed, under the Exchange Act.