LSHAX Mutual Fund

NAV$28.29

AUM$8M

TER1.50%

Holdings36

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LSHAX Mutual Fund

NAV$28.29

Kinetics Spin-Off and Corporate Restructuring Fund Advisor A Class

AUM$8M

TER1.50%

Holdings36

See how much of LSHAX you already own

Just $25 once·$99/mo·Download sample

X-ray my portfolio free

Overview Performance Chart Dividends Top Holdings All Holdings Sectors Geography Similar Compare Overlap

Showing top 36 of 36 holdings · as of Jun 30, 2026

LSHAX holdings, by weight
#	Ticker	Name	Weight	Cumulative	Shares	Mkt value	Sector	Industry
1	TPL	Texas Pacific Land TrustReal Estate · Real Estate Management	76.67%	76.7%	63,031	$27.58M	Real Estate	Real Estate Management
2	—	Landbridge Company, LlcFinancials · Banks	6.31%	83.0%	28,670	$2.27M	Financials	Banks
Sector and industry · Pro
3	—	Associated British Foods Plc	3.42%	86.4%	34,300	$1.23M
4	HE	Hawaiian Electric Industr	3.14%	89.5%	83,600	$1.13M
5	—	Us Bank Mmda - Usbgfs 7	3.05%	92.6%	1,097,911	$1.10M
6	WBI	Waterbridge Infrastructure Llc	1.34%	93.9%	14,098	$483.1K
7	GAMI	Gamco Investors Inc., Class A	1.12%	95.1%	17,000	$402.9K
8	CVEO	Civeo Corp	0.88%	95.9%	9,000	$315.0K
9	PSK	Prairiesky Royalty Ltd	0.75%	96.7%	12,000	$268.6K
10	—	Sb Technology Inc. Series E	0.70%	97.4%	6,130	$253.5K
11	BTC	Grayscale Bitcoin Mini Trust Etf	0.35%	97.7%	4,890	$126.9K
12	WTM	White Mountains Insurance Group, Ltd	0.33%	98.1%	58	$120.3K
13	—	Bolt Data & Energy Inc.	0.28%	98.3%	20,000	$100.0K
14	MIAX	Miami International Holdings, Inc.	0.27%	98.6%	2,616	$97.2K
15	—	Galaxy Digital Holdings Ltd	0.27%	98.9%	3,600	$98.4K
16	BATRK	Atlanta Braves Holdings Inc_None_None	0.24%	99.1%	1,693	$87.9K
17	EXP	Eagle Materials Inc	0.21%	99.3%	342	$77.0K
18	FIHU	Fairfax India Holdings Corp	0.14%	99.5%	2,800	$51.2K
19	URB	Urbana Corp	0.11%	99.6%	6,234	$40.5K
20	—	General Electric Co.	0.10%	99.7%	100	$37.4K
21	GEV	GE Vernova Inc. CDR (CAD Hedged)	0.08%	99.8%	25	$29.4K
22	—	Txse Group, Inc	0.08%	99.8%	1,300	$29.9K
23	—	Liberty Oilfield Services, Inc.	0.07%	99.9%	972	$25.5K
24	MSB	Mesabi Trust	0.04%	99.9%	550	$13.9K
25	BCHG	Grayscale Bitcoin Cash Trust	0.03%	100.0%	6,073	$9.0K
26	URB.A	Urbana Corp	0.03%	100.0%	1,600	$9.4K
27	—	Knife River Corp	0.02%	100.0%	100	$8.4K
28	FFH	Fairfax Financial Holdings Ltd.	0.01%	100.0%	2	$3.3K
29	GBTC	Grayscale Bitcoin Trust Btc	0.01%	100.0%	60	$2.7K
30	IBIT	Ishares Bitcoin Trust	0.01%	100.1%	146	$4.9K
31	SEG	Seaport Entertainment Group Inc	0.01%	100.1%	187	$5.0K
32	—	Toei Animation Co., Ltd.	0.01%	100.1%	200	$3.0K
33	NGLOY	Anglo American Plc Spons Adr Adr	0.00%	100.1%	63	$1.6K
34	ANGPY	Anglo American Platinum Ltd ADR	0.00%	100.1%	22	$244
35	SATS	Echostar Communications Corp. Class A	0.00%	100.1%	4	$406
36	LTCN	Grayscale Litecoin Trust	0.00%	100.1%	24	$74

Not reported for this fund: share changes.

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LSHAX Mutual Fund All Holdings

LSHAX holdings total 36 positions. The top 10 holdings account for 97.4% of the fund, led by Texas Pacific Land Trust at 76.7%, Landbridge Company, Llc at 6.3%, Associated British Foods Plc at 3.4%.

LSHAX portfolio concentration is relatively high, with the top 10 representing 97.4% of total assets. The largest sector exposure is Real Estate at 77.5%.

LSHAX sectors provide a detailed breakdown. LSHAX overlap shows how holdings compare to other funds in your portfolio.