13F-HR 1 horizonthirteenfmarchnine.txt HORIZONTHIRTEENFMARCHNINE UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Quarter ended: March 31, 2009 Not an amendment. Institutional Investment Manager Filing this Report: Name: Horizon Asset Management, Inc. Address: 470 Park Avenue South 4th Floor South New York, N.Y. 10016 13F File Number: 28-6986 The amendment to the voting trust previously disclosed in Horizon's 12-31-08 Form 13F has been rescinded. The institutional investment manager filing this report; and person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person signing this Report on Behalf of Reporting Manager: Name: Andrew M. Fishman Title: Director of Compliance and General Counsel Phone: 646-495-7347 Signature, Place, and Date of Signing: Andrew M. Fishman New York, New York May 11, 2009 Report Type: 13F HOLDINGS REPORT List of Other Managers Reporting for this Manager: none I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. Report Summary: Number of Other Included Managers: none Form 13F Information Table Entry Total: 311 Form Information Table Value Total: $3,103,461,000 VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MGRS SOLE SHARED NONE ABBOTT LABS COM 002824100 2165 45378 SH SOLE 45378 0 0 ADELPHIA CONTINGENT VALUE VEHI COM 00685R870 0 49000 SH SOLE 49000 0 0 ADELPHIA CONTINGENT VALUE VEHI COM 00685R409 0 5320114 SH DEFINED 5023297 296817 0 ADELPHIA CONTINGENT VALUE VEHI COM 00685R102 0 231253 SH SOLE 231253 0 0 ADELPHIA RECOVERY TRUST CVV AC COM 00685R789 0 1268051 SH DEFINED 145963 1122088 0 ADELPHIA RECOVERY TRUST CVV AC COM 00685R813 0 2200000 SH DEFINED 0 2200000 0 ADELPHIA RECOVERY TRUST CVV SE COM 00685R706 0 1624103 SH DEFINED 369967 1254136 0 ALLEGHANY CORP DEL COM 017175100 2043 7543 SH SOLE 7543 0 0 ALLEGHENY ENERGY INC COM COM 017361106 104706 4519027 SH DEFINED 4431505 87522 0 ALTRIA GROUP INC COM 02209S103 437 27273 SH SOLE 27273 0 0 AMERICAN CAPITAL LTDCOM COM 02503Y103 103 55046 SH DEFINED 53146 1900 0 AMERICAN INTL GROUP INC COM 026874107 27 26633 SH SOLE 26633 0 0 AMERICAN REAL ESTATE PTRS FLOA CONV BOND 029169AA7 0 18480000 PRN DEFINED 13480000 5000000 0 ANGLO AMERN PLC ADR NEW COM 03485P201 55309 6484080 SH DEFINED 6379240 104840 0 APOLLO INVT CORP SHS BEN INT COM 03761U106 160 46040 SH DEFINED 44840 1200 0 APPLIED MATLS INC COM 038222105 291 27100 SH SOLE 27100 0 0 ARTESIAN RESOURCES CORP CL A COM 043113208 157 11175 SH SOLE 11175 0 0 ASSURED GUARANTY LTD COM G0585R106 148 21800 SH SOLE 21800 0 0 BANK AMER CORP COM 060505104 207 30291 SH SOLE 30291 0 0 BANK OF NEW YORK MELLON CORP COM 064058100 9203 325756 SH DEFINED 315156 10600 0 BECTON DICKINSON & CO COM 075887109 222 3300 SH SOLE 3300 0 0 BERKSHIRE HATHAWAY HLDG CO CL COM 084670207 156654 55551 SH DEFINED 54636 915 0 BERKSHIRE HATHAWAY INC DEL COM 084670108 694 8 SH DEFINED 6 2 0 BHP BILLITON LTD SPONSORED ADR COM 088606108 17221 386110 SH 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902952100 1277 262155 SH DEFINED 219155 43000 0 UCBH HOLDINGS INC COM 90262T308 408 269959 SH DEFINED 257659 12300 0 UNION PACIFIC CORP COM COM 907818108 65572 1595048 SH DEFINED 1560990 34058 0 URBANA CORP WT EXP 071209 WAR/RIGHT 91707P125 0 64900 SH SOLE 64900 0 0 URBANA CP NON VOTING A F COM 999999001 0 274350 SH DEFINED 2350 272000 0 VAN KAMPEN SENIOR INCOME TR ETF/CEF 920961109 748 314412 SH SOLE 314412 0 0 VANGUARD SPECIALIZED PORTFOL ETF/CEF 921908208 132 11030 SH SOLE 11030 0 0 VEECO INSTRS INC DEL COM 922417100 148 22250 SH SOLE 22250 0 0 VERIZON COMMUNICATIONS COM 92343V104 226 7483 SH SOLE 7483 0 0 VISA INC COM CL A COM 92826C839 1261 22687 SH DEFINED 21905 782 0 VORNADO 2.850% 04/01/27 CONV BOND 929042AC3 1715 2286000 PRN SOLE 2286000 0 0 VORNADO RLTY TR SBI COM 929042109 28420 854992 SH DEFINED 841492 13500 0 WARNER MUSIC GR 9 1/2 12/15 CONV BOND 92930MAF0 1490 4139000 PRN SOLE 4139000 0 0 WARNER MUSIC GROUP CORP COM 934550104 2897 1232618 SH DEFINED 716618 516000 0 WASHINGTON MUT INC COM 939322103 1 20000 SH SOLE 20000 0 0 WASHINGTON POST CO CL B COM 939640108 12736 35666 SH SOLE 35666 0 0 WASHINGTON REIT 3.875% 09/15/2 CONV BOND 939653AK7 1619 1925000 PRN SOLE 1925000 0 0 WD-40 CO COM 929236107 412 17050 SH SOLE 17050 0 0 WELLS FARGO & CO NEW COM 949746101 4186 293970 SH SOLE 293970 0 0 WENDYS ARBYS GROUP INC COM 950587105 3972 789721 SH DEFINED 427971 361750 0 WESCO FINL CORP COM 950817106 625 2265 SH DEFINED 1665 600 0 WESTERN ASSET HIGH INCM OPP ETF/CEF 95766K109 49 11846 SH SOLE 11846 0 0 WESTERN UN CO COM 959802109 2925 232714 SH DEFINED 232214 500 0 WHITE MOUNTAINS INSURANCE COM G9618E107 3443 20027 SH SOLE 20027 0 0 WILEY JOHN & SONS INC CL A COM 968223206 969 32555 SH SOLE 32555 0 0 WILLIAMS COS INC COM 969457100 6046 531304 SH SOLE 531304 0 0 WILSHIRE BANCORP INC COM 97186T108 1046 202642 SH DEFINED 193442 9200 0 WISDOMTREE INVTS INC COM 97717P104 9 14000 SH DEFINED 0 14000 0 WYETH COM 983024100 295 6850 SH SOLE 6850 0 0 WYNN RESORTS LTD COM 983134107 2135 106928 SH DEFINED 100828 6100 0 ZWEIG TOTAL RET FD INC FRAC COM KJK837109 0 59382 SH SOLE 59382 0 0