Horizon Kinetics Inflation Beneficiaries ETF (INFL) Holdings
INFL holdings summary
as of Oct 25, 2026- Holdings
- 45 positions listed
- Top 10 weight
- 47.1% of net assets
- Effective holdings
- 28 equal-weight equivalent
- Largest holding
- LB 6.76% LandBridge Company LLC
- Annual turnover
- 0.0% of the portfolio traded
All INFL holdings
| # | Name | ||||||
|---|---|---|---|---|---|---|---|
| 1 | LB | LandBridge Company LLC | Energy | 6.76% | $103.9M | $6.39B | 72.2 |
| 2 | WPM | Wheaton Precious Metals Corp | Basic Materials | 5.53% | $85.1M | — | — |
| 3 | PSK | PrairieSky Royalty Ltd | Energy | 5.51% | $84.7M | — | — |
| 4 | FNV | Franco-Nevada Corporation | Basic Materials | 5.25% | $80.7M | — | — |
| 5 | WBI | WaterBridge Infrastructure LLC | Energy | 4.69% | $72.1M | $3.52B | 356.1 |
| 6 | ICE | Intercontinental Exchange, Inc. | Financial Services | 4.63% | $71.1M | $90.70B | 22.8 |
| 7 | TPL | Texas Pacific Land Corporation | Energy | 3.88% | $59.6M | $24.20B | 44.8 |
| 8 | OR | OR Royalties Inc. | Basic Materials | 3.75% | $57.6M | — | — |
| 9 | PBT | Permian Basin Royalty Trust | Energy | 3.58% | $55.0M | $1.54B | 94.7 |
| 10 | DB1 | Deutsche Börse AG | Financial Services | 3.50% | $53.9M | — | — |
| 11 | CCO | Cameco Corp | Energy | 3.33% | $51.2M | — | — |
| 12 | S68 | SINGAPORE EXCHANGE LIMITED | Financial Services | 3.18% | $49.0M | — | — |
| 13 | CME | CME Group Inc. | Financial Services | 3.10% | $47.7M | $105.67B | 24.9 |
| 14 | LNG | Cheniere Energy, Inc. | Energy | 3.07% | $47.2M | $59.78B | 21.9 |
| 15 | VNOM | Viper Energy Partners LP | Energy | 2.54% | $39.1M | $16.17B | — |
| 16 | X | TMX Group Limited | Financial Services | 2.48% | $38.1M | — | — |
| 17 | TPZ | Topaz Energy Corp | Energy | 2.13% | $32.7M | — | — |
| 18 | MIAX | Miami International Holdings, Inc. | Financial Services | 2.11% | $32.5M | $3.07B | 30.9 |
| 19 | HE | Hawaiian Electric Industries, Inc. | Utilities | 2.05% | $31.5M | $1.48B | 6.6 |
| 20 | GLEN | Glencore PLC | Basic Materials | 2.00% | $30.7M | — | — |
| 21 | WHK | WhiteHawk Minerals Corp. | Energy | 1.95% | $29.9M | $692.3M | — |
| 22 | TW | Tradeweb Markets Inc. | Financial Services | 1.88% | $28.9M | $24.52B | 27.2 |
| 23 | MRSH | Marsh & McLennan Companies, Inc. | Financial Services | 1.78% | $27.3M | $89.88B | 22.5 |
| 24 | BG | Bunge Limited | Consumer Defensive | 1.71% | $26.4M | $20.39B | 21.1 |
| 25 | EROK | EagleRock Land, LLC | Energy | 1.69% | $26.0M | $2.31B | 6.8 |
| 26 | 8697 | Japan Exchange Group Inc | Financial Services | 1.53% | $23.5M | — | — |
| 27 | RPRX | Royalty Pharma plc | Healthcare | 1.35% | $20.7M | $35.22B | 32.4 |
| 28 | JOE | The St. Joe Company | Real Estate | 1.34% | $20.6M | $3.89B | 32.1 |
| 29 | SII | Sprott Inc. | Financial Services | 1.27% | $19.5M | — | — |
| 30 | RBA | RB Global, Inc. | Industrials | 1.00% | $15.3M | $15.71B | 36.3 |
| 31 | ALS | Altius Minerals Corporation | Basic Materials | 0.99% | $15.2M | — | — |
| 32 | K7X | BROOKFIELD CORP. CL.A | Financial Services | 0.88% | $13.5M | — | — |
| 33 | F34 | Wilmar International Ltd | Consumer Defensive | 0.79% | $12.2M | — | — |
| 34 | 3Y0 | TRIPLE FLAG PREC.MET. | Basic Materials | 0.78% | $12.0M | — | — |
| 35 | TRC | Tejon Ranch Co. | Industrials | 0.75% | $11.5M | $441.5M | 74.3 |
| 36 | MSB | Mesabi Trust | Basic Materials | 0.50% | $7.6M | $234.6M | 36.5 |
| 37 | CKN | Clarkson | Industrials | 0.47% | $7.3M | — | — |
| 38 | SBR | Sabine Royalty Trust | Energy | 0.39% | $6.1M | $1.06B | 14.8 |
| 39 | DMLP | Dorchester Minerals, L.P. | Energy | 0.35% | $5.4M | $1.49B | 17.4 |
| 40 | LIF | Labrador Iron Ore Royalty Corp | Basic Materials | 0.29% | $4.5M | — | — |
| 41 | SJT | San Juan Basin Royalty Trust | Energy | 0.28% | $4.3M | $197.6M | — |
| 42 | 4816 | Toei Animation Co Ltd | Communication Services | 0.19% | $2.9M | — | — |
| 43 | MTA | Metalla Royalty & Streaming Ltd | Basic Materials | 0.19% | $2.9M | — | — |
| 44 | 3791 | IG Port Inc | Communication Services | 0.15% | $2.3M | — | — |
| 45 | FRMI | Fermi Inc. | Real Estate | 0.01% | $187,589.30 | $2.03B | — |
Weights as a percentage of net assets. Value held = weight × net assets ($1.54B). Market cap and P/E from each company's latest fundamentals (U.S.-listed stocks).
INFL sector breakdown
| Sector | Weight | Holdings | Largest |
|---|---|---|---|
| Energy | 40.1% | 14 | LB, PSK, WBI |
| Financial Services | 26.3% | 11 | ICE, DB1, S68 |
| Basic Materials | 19.3% | 9 | WPM, FNV, OR |
| Consumer Defensive | 2.5% | 2 | BG, F34 |
| Industrials | 2.2% | 3 | RBA, TRC, CKN |
| Utilities | 2.0% | 1 | HE |
| Real Estate | 1.4% | 2 | JOE, FRMI |
| Healthcare | 1.3% | 1 | RPRX |
| Communication Services | 0.3% | 2 | 4816, 3791 |
Sum of the weights of the holdings in each sector.
INFL top industries
INFL overlap with other ETFs
| ETF | Fund | Overlap | Shared holdings | Expense ratio |
|---|---|---|---|---|
| VXUS | Vanguard Total International Stock ETF | 1.1% | 23 of 8,035 | 0.05% |
| VTI | Vanguard Total Stock Market ETF | 0.6% | 17 of 2,941 | 0.03% |
| SPY | SPDR S&P 500 ETF | 0.5% | 5 of 502 | 0.09% |
| IWM | iShares Russell 2000 ETF | 0.3% | 6 of 1,962 | 0.19% |
| QQQ | Invesco QQQ ETF | 0.0% | 0 of 101 | 0.17% |
| DIA | SPDR Dow Jones Industrial Average ETF | 0.0% | 0 of 30 | 0.16% |
Overlap = sum over shared holdings of the smaller of the two weights. 100% means identical portfolios.
About the INFL portfolio
Horizon Kinetics Inflation Beneficiaries ETF holds 45 positions. The ten largest make up 47.1% of the fund, so it behaves like a portfolio of about 28 equally weighted stocks. The biggest positions are LandBridge Company LLC (6.76%), Wheaton Precious Metals Corp (5.53%), PrairieSky Royalty Ltd (5.51%), Franco-Nevada Corporation (5.25%), WaterBridge Infrastructure LLC (4.69%).
By sector, Energy is 40.1%, Financial Services is 26.3%, Basic Materials is 19.3%. Holdings data is from the fund's latest portfolio as reported by EODHD on October 25, 2026; positions change as the fund rebalances.
Related: INFL chart, INFL performance, INFL dividends, INFL overview.
INFL holdings FAQ
How many holdings does INFL have?
INFL holds 45 positions as of October 25, 2026.
What are the top 10 holdings of INFL?
The ten largest holdings are LandBridge Company LLC (6.76%), Wheaton Precious Metals Corp (5.53%), PrairieSky Royalty Ltd (5.51%), Franco-Nevada Corporation (5.25%), WaterBridge Infrastructure LLC (4.69%), Intercontinental Exchange, Inc. (4.63%), Texas Pacific Land Corporation (3.88%), OR Royalties Inc. (3.75%), Permian Basin Royalty Trust (3.58%), Deutsche Börse AG (3.50%). Together they are 47.1% of the fund.
What percentage of INFL is LandBridge Company LLC?
LandBridge Company LLC is the largest holding at 6.76% of net assets, about $103.9M of the fund's $1.54B.
Which sector is the largest in INFL?
Energy is the largest sector at 40.1%, followed by Financial Services (26.3%) and Basic Materials (19.3%), based on the sectors of the individual holdings.
How concentrated is INFL?
The top 10 holdings are 47.1% of the fund. By the effective number of holdings (1 divided by the sum of squared weights) INFL behaves like a portfolio of about 28 equally weighted stocks.