Kinetics Market Opportunities Fund Class Institutional (KMKYX)
| Fund Assets | 344.34M |
| Expense Ratio | 1.20% |
| Min. Investment | $1,000,000 |
| Turnover | 7.00% |
| Dividend (ttm) | 0.65 |
| Dividend Yield | 0.67% |
| Dividend Growth | -10.18% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 30, 2025 |
| Previous Close | 98.16 |
| YTD Return | 29.98% |
| 1-Year Return | 11.99% |
| 5-Year Return | 146.42% |
| 52-Week Low | 73.19 |
| 52-Week High | 99.89 |
| Beta (5Y) | n/a |
| Holdings | 87 |
| Inception Date | May 19, 2008 |
About KMKYX
Kinetics Market Opportunities Fund Class Institutional is an actively managed mutual fund focused on seeking long-term capital growth. The fund employs a non-diversified, value-driven approach, primarily investing in U.S. and global companies engaged in capital markets activities and related services that are considered attractively valued. Its portfolio typically emphasizes businesses expected to benefit from increased transactional volumes or those that facilitate financial transactions without assuming significant balance sheet risk or leveraging their own capital. These companies are often characterized by high operating leverage, robust returns on equity, and scalable business models. The fund’s holdings are notably concentrated, with a significant portion allocated to its top positions, including sectors such as energy, financial services, and digital assets. Its mid-cap growth style distinguishes it from broader, more diversified equity funds, and its active share reflects a high level of differentiation from standard benchmarks. Managed by Horizon Kinetics, the fund is designed for institutional investors and integrates a contrarian investment philosophy within a master/feeder structure. It plays a distinct role for investors seeking focused exposure to undervalued and opportunistic segments of the equity market.
Performance
KMKYX had a total return of 11.99% in the past year, including dividends. Since the fund's inception, the average annual return has been 15.14%.
Top 10 Holdings
78.46% of assets| Name | Symbol | Weight |
|---|---|---|
| Texas Pacific Land Corporation | TPL | 34.97% |
| Grayscale Bitcoin Trust ETF | GBTC | 15.24% |
| Hawaiian Electric Industries, Inc. | HE | 7.38% |
| US BANK MMDA - USBGFS 7 | n/a | 6.87% |
| WaterBridge Infrastructure LLC | WBI | 3.10% |
| LandBridge Company LLC | LB | 3.03% |
| Bolt Data & Energy Inc. | n/a | 2.23% |
| Partners Value Investments LP | PVF.UN | 2.12% |
| US BANK MMDA - USBGFS 7 | n/a | 1.78% |
| Grayscale Bitcoin Mini Trust ETF | BTC | 1.73% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2025 | $0.65354 | Dec 30, 2025 |
| Dec 30, 2024 | $0.72764 | Dec 30, 2024 |
| Dec 28, 2023 | $0.44464 | Dec 28, 2023 |
| Dec 29, 2022 | $0.69958 | Dec 29, 2022 |
| Dec 29, 2021 | $0.71011 | Dec 29, 2021 |
| Dec 30, 2020 | $0.13532 | Dec 30, 2020 |