Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| TEXAS PACIFIC LAND CORP | — | $319.23M | 56.40% |
| HAWAIIAN ELECTRIC INDS INC | — | $29.86M | 5.28% |
| Landbridge Company, LLC | LB US | $27.28M | 4.82% |
| CACI INTL-A | — | $27.19M | 4.80% |
| US BANK MMDA - USBGFS 7 | USBGFS7 | $23.34M | 4.12% |
| WATERBRIDGE IN-A | — | $19.63M | 3.47% |
| Grayscale Bitcoin Trust ETF | GBTC | $15.83M | 2.80% |
| Civeo Corporation | CVEO US | $14.66M | 2.59% |
| DREAM UNLIMITED CORP COMMON STOCK | DRM CN | $8.70M | 1.54% |
| CARNIVAL CORP | — | $7.66M | 1.35% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026Opened
5
Exited
2
Increased
5
Decreased
13
Unchanged
51
How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Kinetics Paradigm Portfolio | 76% | — |
| Kinetics Market Opportunities Portfolio | 75% | — |
| Kinetics Spin-Off and Corporate Restructuring Fund · LSHAX, LSHCX, LSHUX, LSHEX | 73% | 1.29% |
Advisers
As of December 31, 2025 · N-CEN
| Firm | Role |
|---|---|
| Horizon Kinetics Asset Management | Adviser |
Footnotes
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
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