{"entity_type":"fund","name":"Horizon Kinetics Japan Owner Operator ETF","identifiers":{"lei":"529900NMVE880LQBLG33","cik":"1683471","fund_id":"S000092105","fundkey":"horizon-kinetics-japan-owner-operator-etf"},"dates":{"reporting_period_start":"2025-12-31","reporting_period_end":"2025-12-31","filing_date":"2026-02-25"},"summary":{"total_positions":32,"total_value_usd":24912453.88,"asset_categories":["EC","STIV"],"by_asset_category":{"EC":{"positions":31,"total_value_usd":23316390.92},"STIV":{"positions":1,"total_value_usd":1596062.96}}},"holdings":[{"issuer_name":"Furuno Electric Co Ltd","title":"Furuno Electric Co Ltd","isin":"JP3828400006","value_usd":2779725.03,"pct_val":11.1416713788,"balance":54600,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"US BANK MMDA - USBGFS 7","title":"US BANK MMDA - USBGFS 7","isin":null,"value_usd":1596062.96,"pct_val":6.397326645,"balance":1596062.96,"units":"NS","currency":"USD","asset_cat":"STIV","issuer_cat":"RF","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"ULS Group Inc","title":"ULS Group Inc","isin":"JP3159910003","value_usd":1187827.36,"pct_val":4.7610400155,"balance":273000,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Resorttrust Inc","title":"Resorttrust Inc","isin":"JP3974450003","value_usd":1171903.41,"pct_val":4.6972137679,"balance":93600,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Japan Elevator Service Holding","title":"Japan Elevator Service Holdings Co Ltd","isin":"JP3389510003","value_usd":1124654.06,"pct_val":4.5078293055,"balance":101400,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Hikari Tsushin Inc","title":"Hikari Tsushin Inc","isin":"JP3783420007","value_usd":1088551.47,"pct_val":4.3631231963,"balance":3900,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Visional Inc","title":"Visional Inc","isin":"JP3800270005","value_usd":996242.3,"pct_val":3.9931303278,"balance":15600,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"M&A Capital Partners Co Ltd","title":"M&A Capital Partners Co Ltd","isin":"JP3167320005","value_usd":982544.9,"pct_val":3.9382285199,"balance":45700,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Pan Pacific International Hold","title":"Pan Pacific International Holdings Corp","isin":"JP3639650005","value_usd":927868.83,"pct_val":3.7190763385,"balance":156000,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Yonex Co Ltd","title":"Yonex Co Ltd","isin":"JP3960000002","value_usd":908660.56,"pct_val":3.642085906,"balance":42900,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"AlphaPolis Co Ltd","title":"AlphaPolis Co Ltd","isin":"JP3126410004","value_usd":897165.46,"pct_val":3.5960113392,"balance":85800,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"KeePer Technical Laboratory Co","title":"KeePer Technical Laboratory Co Ltd","isin":"JP3236320002","value_usd":875817.41,"pct_val":3.5104442579,"balance":39000,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"OBIC Bus Consult","title":"OBIC Business Consultants Co Ltd","isin":"JP3173500004","value_usd":841282.34,"pct_val":3.3720210697,"balance":15600,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Oro Co Ltd","title":"Oro Co Ltd","isin":"JP3201900002","value_usd":834017.03,"pct_val":3.3429003129,"balance":62400,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Finatext Holdings Ltd","title":"Finatext Holdings Ltd","isin":"JP3803110000","value_usd":787439.47,"pct_val":3.1562085137,"balance":124800,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Furyu Corp","title":"Furyu Corp","isin":"JP3826770004","value_usd":770619.8,"pct_val":3.0887920485,"balance":113100,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Tsuburaya Fields Holdings Inc","title":"Tsuburaya Fields Holdings Inc","isin":"JP3802680003","value_usd":692318.73,"pct_val":2.7749463331,"balance":58500,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Internet Initiative Japan Inc","title":"Internet Initiative Japan Inc","isin":"JP3152820001","value_usd":688088.93,"pct_val":2.757992483,"balance":39000,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Starts Publishing Corp","title":"Starts Publishing Corp","isin":"JP3399210008","value_usd":662710.13,"pct_val":2.6562693821,"balance":27300,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Kotobuki Spirits Co Ltd","title":"Kotobuki Spirits Co Ltd","isin":"JP3299600001","value_usd":638500.75,"pct_val":2.559233541,"balance":54600,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"IG Port Inc","title":"IG Port Inc","isin":"JP3833770005","value_usd":619292.48,"pct_val":2.4822431086,"balance":74100,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Sega Sammy Holdings Inc","title":"Sega Sammy Holdings Inc","isin":"JP3419050004","value_usd":548182.08,"pct_val":2.1972189786,"balance":35100,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"M3 Inc","title":"M3 Inc","isin":"JP3435750009","value_usd":525988.07,"pct_val":2.1082611272,"balance":39000,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Transaction Co Ltd","title":"Transaction Co Ltd","isin":"JP3635670007","value_usd":491751.57,"pct_val":1.9710346649,"balance":70200,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Sanrio Co Ltd","title":"Sanrio Co Ltd","isin":"JP3343200006","value_usd":367022.23,"pct_val":1.4710955333,"balance":11700,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Ceres Inc/Japan","title":"Ceres Inc/Japan","isin":"JP3423570005","value_usd":338408.88,"pct_val":1.3564077353,"balance":27300,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"U-Next Holdings Co Ltd","title":"U-Next Holdings Co Ltd","isin":"JP3944640006","value_usd":298872.69,"pct_val":1.1979390983,"balance":23400,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Macnica Holdings Inc","title":"Macnica Holdings Inc","isin":"JP3862960006","value_usd":297641.07,"pct_val":1.193002529,"balance":19500,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Digital Garage Inc","title":"Digital Garage Inc","isin":"JP3549070005","value_usd":262408.37,"pct_val":1.0517831059,"balance":15200,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Smaregi Inc","title":"Smaregi Inc","isin":"JP3400110007","value_usd":253373.31,"pct_val":1.0155688515,"balance":13000,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Net Protections Holdings Inc","title":"Net Protections Holdings Inc","isin":"JP3758270007","value_usd":251682.67,"pct_val":1.0087924419,"balance":75000,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Tomy Co Ltd","title":"Tomy Co Ltd","isin":"JP3630550006","value_usd":205829.53,"pct_val":0.8250042571,"balance":11700,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"1","payoff_profile":"Long"}],"source_documents":[{"label":"SEC NPORT-P Filings","url":"https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1683471&type=NPORT&dateb=&owner=exclude&count=40"}],"dataset":{"json":"https://dealcharts.org/llm/facts/fund/horizon-kinetics-japan-owner-operator-etf.json","page":"https://dealcharts.org/capitalmarkets/funds/horizon-kinetics-japan-owner-operator-etf/"},"provenance":{"curator":"CMD+RVL","curator_url":"https://cmdrvl.com","platform":"Dealcharts","platform_url":"https://dealcharts.org/","source":"SEC NPORT-P Public Filings","license":"CC-BY 4.0","license_url":"https://creativecommons.org/licenses/by/4.0/","attribution":"Data curated by CMD+RVL from SEC NPORT-P public filings"},"citation":"Fund: Horizon Kinetics Japan Owner Operator ETF | LEI: 529900NMVE880LQBLG33 | 32 positions totaling $24,912,454 across EC, STIV | Filing: Tue Feb 24 2026 19:00:00 GMT-0500 (Eastern Standard Time) | Source: SEC NPORT-P via Dealcharts.org","updated_at":"2026-02-25"}