Kinetics Market Opportunities Fund Class Institutional (KMKYX)

Net Asset Value
1 Day
Overall Morningstar Rating
Style or Category
No Load
Sales Expenses
Expense Ratio
Below Average
Morningstar Risk Rating™
Investment Objective The investment seeks long-term growth of capital. 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.


1 month-4.22% 3 years+15.91%
3 months+14.76% 5 years+14.92%
1 year+45.57% Since inception+8.44%
Data through --

Peer Comparisonvs. Financial

Performance 5-yr return+14.92%+15.47%
Expense ratio1.92%1.74%
Risk 5 year sharpe ratio1.161.06
Net assets$83.1M$496.0M
Average market cap$3.2B$3.8B
Average P/E20.411.5
Portfolio turnover5%5%

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Fund Management and Purchase Info

Fund familyKinetics
Fund manager & tenureMurray Stahl / 12 Years
Minimal initial investment$1,000,000.00
Minimum IRA investment$1,000,000.00


U.S. stock45.88%
International stock13.96%
Fixed income10.85%
Top 5 Sectors
Portfolio weighting
Financial service 80.28%
Industrial materials 11.02%
Business service 4.81%
Consumer service 2.85%
Utilities 0.10%
Top 10 Holdings
Portfolio weighting
TPL Texas Pacific Land Trust22.73%
GBTC Bitcoin Investment Trust8.66%
HHC Howard Hughes Corp4.90%
IEP Icahn Enterprises LP4.87%
OTCM OTC Markets Group Inc4.76%
-- 4.49%
-- 2.95%
AC Associated Capital Group Inc2.23%
-- 2.18%
V Visa1.77%