Kinetics Market Opportunities Fund No Load Class (KMKNX) Fund Details & Analysis

Fund Information

Fund Category Mid-Cap Growth

Fund Family Kinetics

Fund Style Large

ISIN US4946137894

CUSIP 494613789

Inception Date 2006-01-31

Domicile United States

Country USA

Fiscal Year End December

NAV Chart

Fund Metrics

Net Assets $325.97 Million

Share Class Net Assets $242.10 Million

Expense Ratio 1.40%

Expense Ratio Date 2025-04-30

Dividend Yield 0.00%

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Performance

YTD Return 16.81%

1-Year Return -3.88%

3-Year Return 35.47%

5-Year Return 16.14%

NAV $85.95

Previous Close Price $85.95

Last Update 2026-03-31

Dividend Information

Dividend Yield 0.00%

Dividend (ttm) 0.17

Dividend Growth -58.12%

Payout Frequency Annual

Ex-Dividend Date n/a

Ratings

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Beta (5Y) 1.23

About Kinetics Market Opportunities Fund No Load Class

The fund is a non-diversified fund that invests all of its investable assets in the Market Opportunities Portfolio, a series of Kinetics Portfolios Trust. The Market Opportunities Portfolio normally invests at least 65% of its net assets in common stocks, convertible securities, warrants and other equity securities having the characteristics of common stocks of U.S. and foreign companies involved in capital markets or related to capital markets, as well as companies involved in the gaming industry. The fund is non-diversified.

Detailed Metrics

Market Cap Distribution

AverageMarketCap 9433.50%

Giant 0.98%

Large 4.22%

Medium 38.01%

Micro 16.98%

Small 5.25%

Value & Growth Metrics

Book-Value Growth % -14.17%

Cash-Flow Growth % -11.23%

Dividend Yield % 0.93%

Historical Earnings % 4.91%

Long-Term Earnings % 16.84%

Asset Allocation

Type	Net %	Long %	Short %	Category Average	benchmark
Bond	0.00%	0.00%	0.00%	0.18%	0.00%
Cash	8.57%	8.82%	0.26%	1.45%	0.00%
Non US Stock	8.51%	8.51%	0.00%	4.12%	1.86%
Not Classified	0.11%	0.11%	0.00%	0.25%	0.00%
Other	18.20%	18.20%	0.00%	1.34%	0.00%
US Stock	64.60%	64.60%	0.00%	92.98%	98.14%

Top Holdings

Name	Weight	Owned	Change
Texas Pacific Land Corp	36.29%	-	-
Texas Pacific Land	27.34%	-	-
Grayscale Bitcoin Trust (BTC)	13.58%	-	-
DREAM Unlimited Corp Registered Shs -A- Subord Vtg	3.54%	-	-
Dream Unlimited	2.49%	-	-
Partners Value Investments LP Unit	1.96%	-	-
Associated Capital Group Inc Class A	1.85%	-	-
Wheaton Precious Metals Corp	1.62%	-	-
Galaxy Digital Holdings Ltd	1.44%	-	-
Visa Inc Class A	1.31%	-	-

See the full breakdown of KMKNX fund's asset allocation and top holdings .

Sector Weights

Category	Subcategory	Amount %	Category Avg	Stocks %	Benchmark
Bond Sector	Cash and Equivalents	10.69%	75.15%	98.73%	0.00%
Bond Sector	Corporate	10.69%	14.40%	1.27%	0.00%
Bond Sector	Derivative	10.69%	0.83%	0.00%	0.00%
Bond Sector	Government	10.69%	7.04%	0.00%	0.00%
Bond Sector	Municipal	10.69%	0.00%	0.00%	0.00%
Bond Sector	Securitized	10.69%	2.58%	0.00%	0.00%
Cyclical	Basic Materials	4.80%	1.92%	0.00%	4.51%
Cyclical	Consumer Cyclical	0.00%	15.59%	0.00%	10.01%
Cyclical	Financial Services	20.66%	9.57%	0.00%	9.11%
Cyclical	Real Estate	0.04%	1.71%	0.00%	3.40%
Defensive	Consumer Defensive	0.00%	1.57%	0.00%	1.17%
Defensive	Healthcare	0.00%	16.01%	0.00%	7.41%
Defensive	Utilities	10.69%	1.43%	0.00%	2.73%
Sensitive	Communication Services	0.03%	3.93%	0.00%	2.57%
Sensitive	Energy	61.44%	3.69%	0.00%	2.09%
Sensitive	Industrials	0.99%	23.05%	0.00%	26.58%
Sensitive	Technology	1.35%	21.53%	0.00%	30.41%

World Regions

Region	Subregion	Category Average	Stocks Percent	Benchmark
Americas	Latin America	0.58%	-	0.27%
Americas	North America	97.17%	97.51%	98.15%
Greater Asia	Asia Developed	0.14%	0.00%	-
Greater Asia	Asia Emerging	0.33%	-	0.56%
Greater Asia	Australasia	0.03%	0.28%	-
Greater Asia	Japan	0.07%	0.08%	-
Greater Europe	Africa/Middle East	0.10%	0.02%	-
Greater Europe	Europe Developed	1.12%	1.20%	0.69%
Greater Europe	Europe Emerging	-	-	-
Greater Europe	United Kingdom	0.45%	0.87%	0.33%

Dividend History

Date	Amount	Unadjusted Amount	Currency	Declaration Date	Record Date	Payment Date	Period
2024-12-30	$0.526	$0.526	USD	-	-	-	-
2023-12-28	$0.363	$0.363	USD	-	2023-12-27	2023-12-28	Annual
2022-12-29	$0.017	$0.017	USD	2022-12-29	2022-12-28	2022-12-29	Annual
2021-12-29	$0.589	$0.589	USD	2021-12-29	2021-12-28	2021-12-29	Annual
2020-12-30	$0.082	$0.082	USD	2020-12-30	2020-12-29	2020-12-30	Annual
2019-12-30	$0.089	$0.089	USD	2019-12-30	2019-12-27	2019-12-30	Annual
2017-12-28	$0.171	$0.171	USD	2017-12-28	2017-12-27	2017-12-28	Annual
2013-12-30	$0.065	$0.065	USD	2013-12-30	2013-12-27	2013-12-30	Annual
2012-12-27	$0.198	$0.198	USD	2012-12-27	2012-12-26	2012-12-27	Annual
2011-12-29	$0.110	$0.110	USD	-	2011-12-28	2011-12-29	Annual
2010-12-30	$0.605	$0.605	USD	-	2010-12-29	2010-12-30	Annual
2010-04-01	$0.041	$0.041	USD	-	-	-	-
2009-12-30	$0.006	$0.006	USD	-	2009-12-29	2009-12-30	Annual
2008-12-30	$0.061	$0.061	USD	-	2008-12-29	2008-12-30	Annual
2007-12-27	$0.031	$0.031	USD	-	2007-12-26	2007-12-27	Annual
2006-12-27	$0.035	$0.035	USD	-	2006-12-26	2006-12-27	Other

View the full dividend history for KMKNX.

Kinetics Market Opportunities Fund No Load Class NMFQS:KMKNX