LSHAX Mutual Fund

NAV$29.65

AUM$8M

TER1.50%

Holdings37

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LSHAX Mutual Fund

NAV$29.65

Kinetics Spin-Off and Corporate Restructuring Fund Advisor A Class

AUM$8M

TER1.50%

Holdings37

See how much of LSHAX you already own

Just $25 once·$99/mo·Download sample

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

Showing top 37 of 37 holdings · as of Mar 31, 2026

LSHAX holdings, by weight
#	Ticker	Name	Weight	Cumulative	Shares	Mkt value	Sector	Industry
1	TPL	Texas Pacific Land TrustReal Estate · Real Estate Management	76.93%	76.9%	65,167	$30.93M	Real Estate	Real Estate Management
2	—	Sw Finance I Plc,6.875,2032-08-07	5.89%	82.8%	2,366,886	$2.37M	-	-
Sector and industry · Pro
3	—	Landbridge Company, Llc	4.92%	87.7%	28,670	$1.98M
4	—	Associated British Foods Plc	3.35%	91.1%	34,300	$1.35M
5	HE	Hawaiian Electric Industr	3.06%	94.2%	82,900	$1.23M
6	GAMI	Gamco Investors Inc., Class A	1.01%	95.2%	17,000	$408.0K
7	WBI	Waterbridge Infrastructure Llc	0.94%	96.1%	14,098	$377.7K
8	PSK	Prairiesky Royalty Ltd.	0.69%	96.8%	12,000	$277.8K
9	CVEO	Civeo Corp	0.59%	97.4%	9,000	$238.1K
10	BTC	Grayscale Bitcn Mini Tru Etf	0.36%	97.7%	4,884	$146.5K
11	WTM	White Mountains Insurance Group, Ltd	0.32%	98.1%	58	$127.4K
12	MIAX	Miami International Holdings	0.25%	98.3%	2,548	$99.2K
13	—	Sb Technology Inc. Series E	0.25%	98.6%	5,811	$100.0K
14	—	Bolt Data & Energy Inc.	0.25%	98.8%	20,000	$100.0K
15	—	Liberty Media Corp-Liberty Braves	0.18%	99.0%	1,693	$72.3K
16	—	Galaxy Digital Holdings Ltd	0.17%	99.2%	3,600	$66.4K
17	EXP	Eagle Materials Inc	0.16%	99.3%	342	$64.8K
18	FIHU	Fairfax India Holdings Corp	0.11%	99.4%	2,800	$44.9K
19	URB	Urbana Corp	0.11%	99.5%	6,234	$43.1K
20	—	General Electric Co.	0.07%	99.6%	100	$28.4K
21	—	Liberty Oilfield Services, Inc.	0.07%	99.7%	972	$28.0K
22	—	Txse Group, Inc	0.07%	99.7%	1,300	$29.9K
23	GEV	GE Vernova Inc. CDR (CAD Hedged)	0.05%	99.8%	25	$21.8K
24	BCHG	Grayscale Bitcoin Cash Trust	0.05%	99.8%	6,073	$20.3K
25	MSB	Mesabi Trust	0.04%	99.9%	550	$17.3K
26	—	Knife River Corp	0.02%	99.9%	100	$8.2K
27	URB.A	Urbana Corp	0.02%	99.9%	1,600	$9.9K
28	FFH	Fairfax Financial Holdings Ltd.	0.01%	99.9%	2	$3.4K
29	GBTC	Bitcoin Fund (The) Usd	0.01%	99.9%	60	$3.2K
30	IBIT	Ishares Bitcoin Trust	0.01%	100.0%	146	$5.6K
31	PVFU	Partners Value Investments Lp	0.01%	100.0%	200	$3.8K
32	SEG	Seaport Entertainment Group, Inc.	0.01%	100.0%	187	$4.0K
33	—	Toei Animation Co., Ltd.	0.01%	100.0%	200	$3.3K
34	NGLOY	Anglo American Plc Spons Adr Adr	0.00%	100.0%	63	$1.4K
35	ANGPY	Anglo American Platinum Ltd ADR	0.00%	100.0%	22	$311
36	SATS	Echostar Communications Corp. Class A	0.00%	100.0%	4	$468
37	LTCN	Grayscale Litecoin Trust	0.00%	100.0%	24	$97

Not reported for this fund: share changes.

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LSHAX Mutual Fund All Holdings

LSHAX holdings total 37 positions. The top 10 holdings account for 97.7% of the fund, led by Texas Pacific Land Trust at 76.9%, Sw Finance I Plc,6.875,2032-08-07 at 5.9%, Landbridge Company, Llc at 4.9%.

LSHAX portfolio concentration is relatively high, with the top 10 representing 97.7% 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.