13F-HR 1 horizonthirteenfjunenine.txt HORIZONTHIRTEENFJUNENINE UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Quarter ended: June 30, 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 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 July 23, 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: 350 Form Information Table Value Total: $3,836,181,000 VALUE SHARES/ SH/ PUT/ INVSTMT OTHERVOTING AUTHORITY NAME OF ISSUER TITLE CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MGRS SOLE SHARED NONE ABBOTT LABS COM 002824100 2140 45503 SH SOLE 45503 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 63 252276 SH SOLE 252276 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 2136 7880 SH SOLE 7880 0 0 ALLEGHENY ENERGY INC COM COM 017361106 107230 4180504 SH DEFINED 4068849 111655 0 ALTRIA GROUP INC COM 02209S103 522 31865 SH SOLE 31865 0 0 AMERICAN CAPITAL LTDCOM COM 02503Y103 177 55046 SH DEFINED 53146 1900 0 AMERICAN INTL GROUP INC COM 026874107 31 26633 SH SOLE 26633 0 0 AMERICAN RAILCAR INDS INC COM 02916P103 96 11652 SH DEFINED 5852 5800 0 AMERICAN REAL ESTATE FLOAT 4.0 CONV BOND 029169AA7 13205 18730000 PRN DEFINED 13730000 5000000 0 ANGLO AMERICAN PLC NOTES CO 4. CONV BOND G03764AH3 0 1900000 PRN SOLE 1900000 0 0 ANGLO AMERN PLC ADR NEW COM 03485P201 128757 8794903 SH DEFINED 8639196 155707 0 APOLLO INVT CORP SHS BEN INT COM 03761U106 262 43740 SH DEFINED 42540 1200 0 APPLIED MATLS INC COM 038222105 219 19900 SH SOLE 19900 0 0 ARTESIAN RESOURCES CORP CL A COM 043113208 200 12525 SH DEFINED 11175 1350 0 ASSURED GUARANTY LTD COM G0585R106 270 21800 SH DEFINED 0 21800 0 BANK AMER CORP COM 060505104 342 25927 SH SOLE 25927 0 0 BANK OF AMERICA CORPORATION 7. PREF COM 060505682 251 300 SH SOLE 300 0 0 BANK OF NEW YORK MELLON CORP COM 064058100 7684 262172 SH DEFINED 250172 12000 0 BERKSHIRE HATHAWAY HLDG CO CL COM 084670207 151397 52283 SH DEFINED 51378 905 0 BERKSHIRE HATHAWAY INC DEL COM 084670108 720 8 SH DEFINED 6 2 0 BHP BILLITON LTD SPONSORED ADR COM 088606108 19873 363115 SH DEFINED 357242 5873 0 BLACKROCK FL RATE OME STRA I S ETF/CEF 09255Y108 1492 142782 SH DEFINED 140182 2600 0 BLACKROCK FLOAT RATE OME STR ETF/CEF 09255X100 1142 104596 SH SOLE 104596 0 0 BLACKROCK FLOATING RATE INCOME ETF/CEF 091941104 3327 304364 SH DEFINED 301964 2400 0 BLACKROCK INC COM 09247X101 820 4673 SH DEFINED 2173 2500 0 BLACKROCK MUNIHOLDINGS N Y I ETF/CEF 09255C106 379 33251 SH SOLE 33251 0 0 BLACKROCK MUNIYIELD QUALITY ETF/CEF 09254G108 242 23452 SH SOLE 23452 0 0 BLACKROCK NY INS MUN INC TR ETF/CEF 09249U105 416 34644 SH SOLE 34644 0 0 BLACKROCK PFD & CORPORATE INC ETF/CEF 09255J101 725 102493 SH DEFINED 100493 2000 0 BLACKROCK SR HIGH INCOME FD 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COM 284131208 70 11000 SH SOLE 11000 0 0 EMERSON ELEC CO COM 291011104 1010 31167 SH SOLE 31167 0 0 ENCANA CORP COM SHS ISIN COM 292505104 135419 2737397 SH DEFINED 2681625 55772 0 ENTERPRISE PRODS PARTNERS L COM 293792107 762 30567 SH SOLE 30567 0 0 ENVIRONMENTAL ENERGY SVCS INC COM 29406Q101 0 30000 SH SOLE 30000 0 0 ESCROW ADELPHIA COMMUN CUSIP # PREF COM 006ESC917 0 49000 SH SOLE 49000 0 0 ESCROW CVPR ADELPHIAC CUSIP #0 CONV PREF 006ESC974 0 11000 SH DEFINED 0 11000 0 EXXON MOBIL CORP COM 30231G102 19615 280581 SH SOLE 280581 0 0 FAIRFAX FINL HLDGS LTD SUB VTG COM 303901102 1666 6676 SH DEFINED 5776 900 0 FANNIE MAE COM COM 313586109 1874 3231870 SH DEFINED 2295106 936764 0 FEDL NATL MTG LG-TM JAN 30 OPTION CALL 3135865AF 1 600 SH CALL DEFINED 0 600 0 FIDELITY NATL INFORMATION SVC COM 31620M106 334 16750 SH DEFINED 14350 2400 0 FIDELITY NATL TITLE GROUP INCL COM 31620R105 638 47131 SH SOLE 47131 0 0 FINOVA GROUP INC COM 317928109 1 136600 SH SOLE 136600 0 0 FIRST INDUSTRIAL REALTY 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