13F-HR 1 horizonthirteenfsepnine.txt HORIZONTHIRTEENFSEPNINE UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Quarter ended: September 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 November 3, 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: 374 Form Information Table Value Total: $4,143,253,000 VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE CUSIP (x$1000) PRN AMT PRN CALLDSCRETN MGRS SOLE SHARED NONE ABBOTT LABS COM 002824100 1113 22503 SH SOLE 22503 0 0 ADELPHIA CONTINGENT VALUE VEHI COM 00685R409 0 5267216 SH DEFINED 4970399 296817 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 ADVANCED MICRO DEVICES 6.000% CONV BOND 007903AL1 1778 2375000 PRN SOLE 2375000 0 0 ALLEGHANY CORP DEL COM 017175100 1166 4500 SH SOLE 4500 0 0 ALLEGHENY ENERGY INC COM COM 017361106 106047 3998739 SH DEFINED 3889220 84519 25000 ALLIANCE NATL MUN INCOME FD ETF/CEF 01864U106 159 11537 SH SOLE 11537 0 0 ALLIANCE NEW YORK MUN INC FD ETF/CEF 018714105 170 12552 SH SOLE 12552 0 0 ALPINE GLOBAL PREMIER PPTYS SB ETF/CEF 02083A103 124 19886 SH SOLE 19886 0 0 ALTRIA GROUP INC COM 02209S103 592 33265 SH SOLE 33265 0 0 AMERICAN CAPITAL LTDCOM COM 02503Y103 174 53922 SH DEFINED 51500 2422 0 AMERICAN INCOME FD INC ETF/CEF 02672T109 80 10677 SH SOLE 10677 0 0 AMERICAN INTERNATIONAL GROUP I COM 026874784 694 15731 SH SOLE 15731 0 0 AMERICAN MUN INCOME PORTFOLI ETF/CEF 027649102 349 25226 SH DEFINED 23926 1300 0 AMERICAN REAL ESTATE FLOAT 4.0 CONV BOND 029169AA7 15867 19350000 PRN DEFINED 14350000 5000000 0 AMERN INTL GRP LGTM JAN 25 OPTION PUT 4ZN99T003 129 192 PUT SOLE 192 0 0 ANADARKO PETE CORP COM 032511107 224 3566 SH SOLE 3566 0 0 APPLIED MATLS INC COM 038222105 235 17600 SH SOLE 17600 0 0 APPOLO INVT CORP SHS BEN INT COM 03761U106 424 44440 SH DEFINED 43240 1200 0 ARTESIAN RESOURCES CORP CL A COM 043113208 211 12525 SH DEFINED 11175 1350 0 ASSURED GUARANTY LTD COM G0585R106 423 21800 SH SOLE 0 0 21800 BANK AMER CORP COM 060505104 474 28027 SH SOLE 28027 0 0 BANK OF AMERICA CORPORATION 7. PREF COM 060505682 255 300 SH SOLE 300 0 0 BANK OF NEW YORK MELLON CORP COM 064058100 7121 245630 SH DEFINED 233630 12000 0 BAXTER INTL INC COM 071813109 206 3609 SH SOLE 3609 0 0 BERKSHIRE HATHAWAY HLDG CO CL COM 084670207 166835 50206 SH DEFINED 49332 874 0 BERKSHIRE HATHAWAY INC DEL COM 084670108 505 5 SH DEFINED 3 2 0 BHP BILLITON LTD SPONSORED ADR COM 088606108 22799 345390 SH DEFINED 339740 5650 0 BLACKROCK DEBT STRAT FD INC ETF/CEF 09255R103 124 34125 SH SOLE 34125 0 0 BLACKROCK FL INS MUN INC TR CO ETF/CEF 09250G102 221 16143 SH SOLE 16143 0 0 BLACKROCK FL RATE OME STRA I S ETF/CEF 09255Y108 2050 165345 SH DEFINED 162745 2600 0 BLACKROCK FLA MUN INCOME TR SH ETF/CEF 09248H105 188 13659 SH SOLE 13659 0 0 BLACKROCK FLOAT RATE OME STR ETF/CEF 09255X100 1714 133180 SH SOLE 133180 0 0 BLACKROCK FLOATING RATE INCOME ETF/CEF 091941104 4462 357815 SH DEFINED 355415 2400 0 BLACKROCK INC COM 09247X101 1932 8911 SH DEFINED 6411 2500 0 BLACKROCK MUNIHOLDINGS N Y I ETF/CEF 09255C106 533 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