Kinetics Paradigm Fund Class Institutional (KNPYX)

Fund Assets	986.33M
Expense Ratio	1.44%
Min. Investment	$1,000,000
Turnover	3.00%
Dividend (ttm)	n/a
Dividend Yield	n/a
Dividend Growth	n/a
Payout Frequency	Annual
Ex-Dividend Date	Dec 30, 2025

Previous Close	122.99
YTD Return	14.24%
1-Year Return	7.01%
5-Year Return	102.29%
52-Week Low	107.24
52-Week High	166.22
Beta (5Y)	0.74
Holdings	1
Inception Date	May 27, 2005

About KNPYX

Kinetics Paradigm Fund Class Institutional is a non-diversified mutual fund designed to pursue long-term capital growth. The fund primarily invests its assets in the Paradigm Portfolio, targeting a select group of U.S. and global companies that are often considered underappreciated or misunderstood by the broader market. With an all-cap approach, the fund’s portfolio spans companies of various sizes, but it frequently emphasizes mid-cap growth opportunities, as reflected in its category classification. Its investment strategy centers on identifying businesses with enduring product life cycles and substantial barriers to entry, relying on proprietary in-house research to uncover original opportunities. The fund typically maintains a concentrated portfolio; as of the latest data, over 85% of assets were held in the top ten holdings, which span sectors such as energy, financial services, and technology. Notable positions have included significant allocations to companies like Texas Pacific Land Corp and exposure to alternative assets such as Bitcoin via the Grayscale Bitcoin Trust. The fund maintains a low portfolio turnover, focusing on capturing the intrinsic long-term value of its holdings, and is managed by Horizon Kinetics Asset Management. Its institutional share class requires a high minimum investment and is structured for investors seeking differentiated, research-driven exposure to growth-oriented equities and alternative assets.

• Fund Family: Kinetics
• Category: Small-Cap Growth
• Performance Rating: Above Average
• Risk Rating: High
• Stock Exchange: Nasdaq
• Ticker Symbol: KNPYX
• Share Class: Institutional Class
• Index: S&P 500 TR

Performance

KNPYX had a total return of 7.01% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.47%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
WWNPX	No Load Class	1.64%
KNPAX	Advisor Class A	1.89%
KNPCX	Advisor Class C	2.39%

Top Holdings

100.03% of assets

Name	Symbol	Weight
KINETICS PARADIGM PORTFOLIO	943320	100.03%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 30, 2025	$8.68572	Dec 30, 2025
Dec 30, 2024	$4.15574	Dec 30, 2024
Dec 28, 2023	$4.13098	Dec 28, 2023
Dec 29, 2022	$2.000	Dec 29, 2022
Dec 29, 2021	$1.38036	Dec 29, 2021
Dec 30, 2020	$1.27313	Dec 30, 2020

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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