{
  "page": "compare",
  "query": {
    "a": "LSHEX",
    "b": "JAPN"
  },
  "retrieved_at": "2026-07-07T19:24:38+00:00",
  "disclaimer": "Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them.",
  "attribution": "Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC.",
  "terms": {
    "notice": "Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed.",
    "url": "https://fundwatcher.app/terms/"
  },
  "fund_a": {
    "name": "Kinetics Spin-Off and Corporate Restructuring Fund",
    "ticker": "LSHEX",
    "slug": "LSHEX",
    "series_id": "S000058593",
    "html_url": "https://fundwatcher.app/funds/LSHEX/"
  },
  "fund_b": {
    "name": "Horizon Kinetics Japan Owner Operator ETF",
    "ticker": "JAPN",
    "slug": "JAPN",
    "series_id": "S000092105",
    "html_url": "https://fundwatcher.app/funds/JAPN/"
  },
  "overlap": {
    "coverage_a_by_b": "0.05886886104314539150370218132",
    "coverage_b_by_a": "0.05886886104314539150370218132",
    "shared_count": 1,
    "as_of": {
      "a": "2026-03-31",
      "b": "2026-03-31"
    },
    "a_top": [
      {
        "name": "TEXAS PACIFIC LAND CORP",
        "value": "30925651.52",
        "weight": "0.76917829",
        "shared": false
      },
      {
        "name": "US BANK MMDA - USBGFS 7",
        "value": "2366886.72",
        "weight": "0.05886886",
        "shared": true
      },
      {
        "name": "Landbridge Company, LLC",
        "value": "1979663.50",
        "weight": "0.04923790",
        "shared": false
      },
      {
        "name": "ASSOCIATED CAPITAL GROUP INC W/I",
        "value": "1347990.00",
        "weight": "0.03352701",
        "shared": false
      },
      {
        "name": "HAWAIIAN ELECTRIC INDS INC",
        "value": "1230236.00",
        "weight": "0.03059825",
        "shared": false
      },
      {
        "name": "GAMCO INVSTRS. INC",
        "value": "408000.00",
        "weight": "0.01014772",
        "shared": false
      },
      {
        "name": "WATERBRIDGE IN-A",
        "value": "377685.42",
        "weight": "0.00939374",
        "shared": false
      },
      {
        "name": "PRAIRIESKY ROYALTY LTD",
        "value": "277765.80",
        "weight": "0.00690855",
        "shared": false
      },
      {
        "name": "Civeo Corporation",
        "value": "238140.00",
        "weight": "0.00592298",
        "shared": false
      },
      {
        "name": "Grayscale Bitcoin Mini Trust ETF",
        "value": "146471.16",
        "weight": "0.00364301",
        "shared": false
      },
      {
        "name": "WHITE MOUNTAINS INS GROUP LTD",
        "value": "127423.68",
        "weight": "0.00316926",
        "shared": false
      },
      {
        "name": "SB Technology Inc",
        "value": "100007.31",
        "weight": "0.00248737",
        "shared": false
      },
      {
        "name": "BOLT DATA & ENERGY INC.",
        "value": "100000.00",
        "weight": "0.00248719",
        "shared": false
      },
      {
        "name": "MIAMI INTERNATIONAL HOLDINGS INC",
        "value": "99168.16",
        "weight": "0.00246650",
        "shared": false
      },
      {
        "name": "ATLANTA BRAVES HOLDINGS INC",
        "value": "72333.80",
        "weight": "0.00179908",
        "shared": false
      },
      {
        "name": "GALAXY DIGITAL INC A",
        "value": "66420.00",
        "weight": "0.00165199",
        "shared": false
      },
      {
        "name": "EAGLE MATERIALS INC",
        "value": "64791.90",
        "weight": "0.00161149",
        "shared": false
      },
      {
        "name": "FAIRFAX INDI-SVS",
        "value": "44940.00",
        "weight": "0.00111774",
        "shared": false
      },
      {
        "name": "Urbana Corp.",
        "value": "43065.73",
        "weight": "0.00107112",
        "shared": false
      },
      {
        "name": "TXSE Group, Inc",
        "value": "29900.00",
        "weight": "0.00074367",
        "shared": false
      },
      {
        "name": "GENERAL ELECTRIC CO",
        "value": "28377.00",
        "weight": "0.00070579",
        "shared": false
      },
      {
        "name": "LIBERTY ENERGY INC CL A",
        "value": "27993.60",
        "weight": "0.00069625",
        "shared": false
      },
      {
        "name": "GE VERNOVA LLC",
        "value": "21822.50",
        "weight": "0.00054277",
        "shared": false
      },
      {
        "name": "Grayscale Bitcoin Cash Trust",
        "value": "20344.55",
        "weight": "0.00050601",
        "shared": false
      },
      {
        "name": "MESABI TRUST",
        "value": "17325.00",
        "weight": "0.00043090",
        "shared": false
      },
      {
        "name": "Urbana Corp. (Non-Voting)",
        "value": "9948.96",
        "weight": "0.00024745",
        "shared": false
      },
      {
        "name": "KNIFE RIVER HOLDING CO W/I",
        "value": "8165.00",
        "weight": "0.00020308",
        "shared": false
      },
      {
        "name": "SHS BEN INT",
        "value": "5609.32",
        "weight": "0.00013951",
        "shared": false
      },
      {
        "name": "SEAPORT ENTERTAINMENT GROUP INC",
        "value": "4038.24",
        "weight": "0.00010044",
        "shared": false
      },
      {
        "name": "Partners Value Investments LP",
        "value": "3845.88",
        "weight": "0.00009565",
        "shared": false
      },
      {
        "name": "FAIRFAX FINL HLDGS LTD SUB VTG",
        "value": "3404.00",
        "weight": "0.00008466",
        "shared": false
      },
      {
        "name": "TOEI ANIMATION",
        "value": "3270.22",
        "weight": "0.00008134",
        "shared": false
      },
      {
        "name": "Grayscale Bitcoin Trust ETF",
        "value": "3165.60",
        "weight": "0.00007873",
        "shared": false
      },
      {
        "name": "Anglo American PLC - ADR",
        "value": "1362.06",
        "weight": "0.00003388",
        "shared": false
      },
      {
        "name": "ECHOSTAR CORP CL A",
        "value": "468.28",
        "weight": "0.00001165",
        "shared": false
      },
      {
        "name": "VALTERRA PLATINUM LTD ADR",
        "value": "311.08",
        "weight": "0.00000774",
        "shared": false
      },
      {
        "name": "Grayscale Litecoin Trust",
        "value": "97.92",
        "weight": "0.00000244",
        "shared": false
      }
    ],
    "b_top": [
      {
        "name": "FURUNO ELEC CO",
        "value": "2197284.56",
        "weight": "0.09775358",
        "shared": false
      },
      {
        "name": "US BANK MMDA - USBGFS 7",
        "value": "1582920.38",
        "weight": "0.07042153",
        "shared": true
      },
      {
        "name": "JAPAN ELEVATOR S",
        "value": "1087173.93",
        "weight": "0.04836658",
        "shared": false
      },
      {
        "name": "RESORTTRUST INC",
        "value": "1073437.68",
        "weight": "0.04775548",
        "shared": false
      },
      {
        "name": "HIKARI TSUSHIN INC COMMON STOCK",
        "value": "1024162.42",
        "weight": "0.04556330",
        "shared": false
      },
      {
        "name": "PAN PACIFIC INTERNATIONAL HOLDINGS LTD",
        "value": "998081.59",
        "weight": "0.04440301",
        "shared": false
      },
      {
        "name": "FURYU CORP",
        "value": "918524.73",
        "weight": "0.04086366",
        "shared": false
      },
      {
        "name": "ULS GROUP INC",
        "value": "883965.05",
        "weight": "0.03932615",
        "shared": false
      },
      {
        "name": "M&A CAPITAL PART",
        "value": "881032.12",
        "weight": "0.03919567",
        "shared": false
      },
      {
        "name": "YONEX CO LTD",
        "value": "837705.07",
        "weight": "0.03726812",
        "shared": false
      },
      {
        "name": "Finatext Holdings Ltd",
        "value": "785105.29",
        "weight": "0.03492805",
        "shared": false
      },
      {
        "name": "KEEPER TECHNICAL",
        "value": "769539.25",
        "weight": "0.03423554",
        "shared": false
      },
      {
        "name": "ORO CO LTD",
        "value": "769023.82",
        "weight": "0.03421261",
        "shared": false
      },
      {
        "name": "VISIONAL INC",
        "value": "729129.42",
        "weight": "0.03243777",
        "shared": false
      },
      {
        "name": "Starts Publishing Corp",
        "value": "709878.06",
        "weight": "0.03158131",
        "shared": false
      },
      {
        "name": "KOTOBUKI SPIRITS",
        "value": "660448.17",
        "weight": "0.02938225",
        "shared": false
      },
      {
        "name": "ALPHAPOLIS CO LTD",
        "value": "646351.12",
        "weight": "0.02875510",
        "shared": false
      },
      {
        "name": "OBIC BUSINESS CONSULTANTS LTD",
        "value": "643361.62",
        "weight": "0.02862210",
        "shared": false
      },
      {
        "name": "INTERNET INITIAT",
        "value": "630759.32",
        "weight": "0.02806145",
        "shared": false
      },
      {
        "name": "IG PORT INC",
        "value": "604730.03",
        "weight": "0.02690345",
        "shared": false
      },
      {
        "name": "SEGA SAMMY HOLDINGS INC",
        "value": "562116.73",
        "weight": "0.02500765",
        "shared": false
      },
      {
        "name": "TSUBURAYA FIELDS",
        "value": "545068.83",
        "weight": "0.02424922",
        "shared": false
      },
      {
        "name": "TRANSACTION",
        "value": "530688.29",
        "weight": "0.02360945",
        "shared": false
      },
      {
        "name": "M3 INC COMMON STOCK",
        "value": "413762.65",
        "weight": "0.01840762",
        "shared": false
      },
      {
        "name": "SANRIO CO LTD",
        "value": "378532.91",
        "weight": "0.01684031",
        "shared": false
      },
      {
        "name": "MACNICA HOLDINGS",
        "value": "297726.13",
        "weight": "0.01324535",
        "shared": false
      },
      {
        "name": "CERES INC/JAPAN COMMON STOCK",
        "value": "255989.06",
        "weight": "0.01138853",
        "shared": false
      },
      {
        "name": "USEN-NEXT HOLDIN",
        "value": "255293.23",
        "weight": "0.01135758",
        "shared": false
      },
      {
        "name": "NET PROTECTIONS",
        "value": "240514.17",
        "weight": "0.01070008",
        "shared": false
      },
      {
        "name": "TOMY COMPANY LTD",
        "value": "201172.92",
        "weight": "0.00894985",
        "shared": false
      },
      {
        "name": "DIGITAL GARAGE",
        "value": "186500.72",
        "weight": "0.00829711",
        "shared": false
      },
      {
        "name": "SMAREGI INC COMMON STOCK",
        "value": "177811.30",
        "weight": "0.00791053",
        "shared": false
      }
    ]
  },
  "error": null,
  "sources": [
    {
      "label": "N-PORT (fund A)",
      "accession_no": "0000894189-26-016407",
      "as_of": "2026-03-31",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/1083387/000089418926016407/0000894189-26-016407-index.htm"
    },
    {
      "label": "N-PORT (fund B)",
      "accession_no": "0001193125-26-236583",
      "as_of": "2026-03-31",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/1683471/000119312526236583/0001193125-26-236583-index.htm"
    }
  ]
}