UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
disclaim beneficial ownership.*
Under the Securities Exchange Act of 1934
Issuer-The Howard Hughes Corporation
Securities Class-common
CUSIP Number-44267D107
Event Requiring Filing -December 31,2011
Filed pursuant to Rule 13d-1(b)
CUSIP Number 44267D107
Reporter- Horizon Kinetics LLC
Tax ID#45-0642972
Place of Organization-Delaware
Number of Shares-sole voting power-5,339,061
Sole dispositive power-5,339,061
Amount beneficially owned-5,339,061
Percent of Class represented by above-14.07%
Type of Reporting Person-HC
Name of Issuer-The Howard Hughes Corporation
Address of Issuer-13355 Noel Road, Suite 950, Dallas, Texas 75240
Name of Person Filing-Horizon Kinetics LLC
Address -470 Park Avenue South, 4th Floor South, NY, NY, 10016
Citizenship-Delaware
Securities Class-common stock
Filing re Section 240.13d-1(b) by investment
adviser under Section 240.13d-1(b)(1)(ii)(E).
Amount beneficially owned-5,339,061
Percent of class-14.07%
sole voting power-5,339,061
shared power to vote or direct the vote-0
sole power to dispose/direct the disposition-5,339,061
shared power to dispose/direct the disposition-0
Reporter-Horizon Asset Management, LLC
Tax ID #13-3776334
Place of Organization-Delaware
Number of Shares-sole voting power-2,862,596
sole dispositive power-2,862,596
amount beneficially owned-2,862,596
percent of class represented by above-7.54%
type of reporting person-IA
Name of Issuer-The Howard Hughes Corporation
Address of Issuer-13355 Noel Road, Suite 950, Dallas, Texas 75240
Name of Person Filing-Horizon Asset Management, LLC
Address-470 Park Avenue South, 4th Floor South, NY, NY 10016
Citizenship-Delaware
Securities Class-common stock
Filing re Section 240.13d-1(b) by investment adviser under Section
240.13d-1(b)(1))ii) (E)
Amount beneficially owned-2,862,596
percent of class 7.54%
sole voting power-2,862,596
shared power to vote or direct the vote-0
sole power to dispose/direct the disposition-2,862,596
shared power to dispose/direct the dispostion-0
Reporter-Kinetics Asset Management, LLC
Tax ID #13-3878346
Place of Organization-Delaware
Number of Shares-sole voting power-2,323,410
sole dispositive power-2,323,410
amount beneficially owned-2,323,410
percent of class represented by above-6.12%
type of reporting person-IA
Name of Issuer-The Howard Hughes Corporation
Address of Issuer-13355 Noel Road, Suite 950, Dallas, Texas 75240
Name of Person filing-Kinetics Asset Management, LLC
Address-470 Park Avenue South, 4th Floor South, NY, NY 10016
Citizenship-Delaware
Securities Class-common stock
Filing re Section 240.13d-1(b) by investment adviser under Section
240.13d-1(b)(1))ii) (E)
Amount beneficially owned-2,323,410
percent of class-6.12%%
sole voting power-2,323,410
shared power to vote or direct the vote-0
sole power to dispose/direct the disposition-2,323,410
shared power to dispose/direct the disposition-0
*HorizonKinetics is the parent holding company for, inter alia,
Horizon Asset Management, LLC (HAM) and Kinetics Asset Management, LLC.
(KAM) HAM and KAM are investment advisers registered under the Investment
Advisers Act of 1940 and, as such, furnish investment advice to and manage
various funds and separately managed accounts. In their roles as investment
adviser or manager, HAM and KAM possess voting and/or investment power over
the securities of the Issuer described in this schedule that are owned by
the funds and accounts. All securities reported in this schedule are owned
by the funds and accounts, and there is no single benficial owner of more than
5% of the class. HAM and KAM, and HorizonKinetics each disclaim
beneficial ownership of all such securities.
Certification pursuant to Section 240.13d-1(b):
By signing below I certify that, to the
best of my knowledge and belief, the securities
referred to above
were not acquired and
are not held for the purpose of or with the effect of
changing or influencing the control of
the issuer of the securities and were not acquired
and are not held in connection with or
as a participant in any transaction
having that purpose or effect.
After reasonable inquiry and to the best of
my knowledge and belief, I certify that the
information set forth in this statement is
true, complete and correct.
Date-January 17, 2012
Signature-Andrew M. Fishman
Title-Associate General Counsel
EXHIBIT A
This joint filing agreement dated January 17, 2012 is by and
among Horizon Kinetics LLC, KInetics Asset Management, LLC
and Horizon Asset Management, LLC
("the Filing Persons").
Each of the filing persons may be required to file with the
United States Securities and Exchange Commission a statement on
Schedule G with respect to the common stock of HHC beneficially
owned by them from time to time.
Pursuant to and in accordance with Rule 13(d)(1) (k) promulgated
under the Securities Exchange Act of 1934, as amended, the Filing
Persons hereby agree to file a single statement on Schedule G
and any amendments thereto on behalf of each such parties, and hereby
further agree to file this Joint Filing Agreement as an exhibit to
such statement, as required by such rule.
This joint filing agreement may be terminated by any of filers upon
one week's written notice or such lesser period of notice as the
Filing Persons many mutually agree.
Horizon Kinetics LLC, Kinetics Asset Management, LLC
and Horizon Asset Management,LLC
by Andrew M. Fishman, Associate General Counsel of each.
January 17, 2012