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Kinetics Spin-Off and Corporate Restructuring Fund (LSHAX) is an MF managed by Independent / Boutique. Its largest position is Texas Pacific Land Corp (TPL), representing 76.93% of fund assets.

Kinetics Spin-Off and Corporate Restructuring Fund Portfolio Holdings

Source: SEC Form N-PORT institutional portfolio disclosures

Ticker:
LSHAX
Type:
MF
Manager:
Independent / Boutique
Total Assets:
—
Report Date:
Mar 31, 2026
Filing Date:
May 28, 2026
Showing 37 out of 37 holdings
Holding Weight Market Value Shares
-
Texas Pacific Land Corp
76.93% $30,925,651.52 65,167
-
APPLIED MATERIALS INC /DE
5.89% $2,366,886.72 2,366,887
-
LandBridge Co LLC
4.92% $1,979,663.50 28,670
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Associated Capital Group, Inc.
3.35% $1,347,990.00 34,300
-
HAWAIIAN ELECTRIC INDUSTRIES INC
3.06% $1,230,236.00 82,900
-
GAMCO INVESTORS INC
1.01% $408,000.00 17,000
-
WaterBridge Infrastructure LLC
0.94% $377,685.42 14,098
-
PRAIRIESKY ROYALTY LTD.
0.69% $277,765.80 12,000
-
Civeo Corp
0.59% $238,140.00 9,000
-
Grayscale Bitcoin Mini Trust ETF
0.36% $146,471.16 4,884
-
WHITE MOUNTAINS INSURANCE GROUP LTD
0.32% $127,423.68 58
-
APPLIED MATERIALS INC /DE
0.25% $100,007.31 5,811
-
APPLIED MATERIALS INC /DE
0.25% $100,000.00 20,000
-
MIAMI INTERNATIONAL HOLDINGS, INC.
0.25% $99,168.16 2,548
-
Atlanta Braves Holdings, Inc.
0.18% $72,333.80 1,694
-
Galaxy Digital Inc.
0.17% $66,420.00 3,600
-
EAGLE MATERIALS INC
0.16% $64,791.90 342
-
FAIRFAX INDIA HOLDINGS CORP.
0.11% $44,940.00 2,800
-
URBANA CORP
0.11% $43,065.73 6,234
-
APPLIED MATERIALS INC /DE
0.07% $29,900.00 1,300
-
GENERAL ELECTRIC CO
0.07% $28,377.00 100
-
Liberty Energy Inc.
0.07% $27,993.60 972
-
GE Vernova Inc.
0.05% $21,822.50 25
-
Grayscale Bitcoin Cash Trust (BCH)
0.05% $20,344.55 6,073
-
MESABI TRUST
0.04% $17,325.00 550
-
URBANA CORP
0.02% $9,948.96 1,600
-
Knife River Corp
0.02% $8,165.00 100
-
iShares Bitcoin Trust ETF
0.01% $5,609.32 146
-
Seaport Entertainment Group Inc.
0.01% $4,038.24 188
-
PARTNERS VALUE INVESTMENTS L
0.01% $3,845.88 200
-
FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
0.01% $3,404.00 2
-
TOEI ANIMATION CO LTD
0.01% $3,270.22 200
-
Grayscale Bitcoin Trust ETF
0.01% $3,165.60 60
-
ANGLO AMERICAN PLC
0.00% $1,362.06 63
-
SATS LTD.
0.00% $468.28 4
-
VALTERRA PLATINUM LIMITED
0.00% $311.08 22
-
Grayscale Litecoin Trust (LTC)
0.00% $97.92 24
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