Kinetics Spin-Off and Corporate Restructuring Fund Institutional Class (LSHUX)
| Fund Assets | 35.85M |
| Expense Ratio | 1.29% |
| Min. Investment | $1,000,000 |
| Turnover | 6.00% |
| Dividend (ttm) | 1.60 |
| Dividend Yield | 5.03% |
| Dividend Growth | -11.22% |
| Payout Frequency | Annual |
| Ex-Dividend Date | n/a |
| Previous Close | 31.46 |
| YTD Return | -4.11% |
| 1-Year Return | 34.81% |
| 5-Year Return | 281.66% |
| 52-Week Low | 23.92 |
| 52-Week High | 48.48 |
| Beta (5Y) | n/a |
| Holdings | 34 |
| Inception Date | Jul 11, 2007 |
About LSHUX
Kinetics Spin-Off and Corporate Restructuring Fund Institutional Class is a specialized mutual fund focused on capturing opportunities that arise from corporate spin-offs and restructuring events. Its primary objective is long-term capital growth by investing predominantly in equity securities of companies involved in spin-offs, parent companies of spin-offs, subsidiaries newly created through carve-outs or partial initial public offerings, and firms undergoing other forms of corporate restructuring. The fund holds a global, all-cap portfolio, although it is significantly U.S.-focused, with the majority of assets in medium and smaller capitalization companies. A notable feature is its strong emphasis on energy and extraction industries, with a substantial allocation to mining, quarrying, and oil and gas extraction companies. These characteristics stem from the fund's strategy of capitalizing on market inefficiencies and initial mispricings that can occur during major corporate transitions, which are often overlooked or undervalued by mainstream investors. The fund is managed by Horizon Kinetics Asset Management and targets institutional investors, reflecting its high minimum investment requirement and specialized approach.
Performance
LSHUX had a total return of 34.81% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.70%.
Top 10 Holdings
98.31% of assets| Name | Symbol | Weight |
|---|---|---|
| Texas Pacific Land Corporation | TPL | 77.55% |
| LandBridge Company LLC | LB | 4.90% |
| US BANK MMDA - USBGFS 7 | USBGFS7 | 4.43% |
| CSW Industrials Inc | CSWI | 3.74% |
| Associated Capital Group, Inc. | AC | 3.12% |
| GAMCO Investors Inc | GAMI | 2.16% |
| Civeo Corporation | CVEO | 0.98% |
| Hawaiian Electric Industries, Inc. | HE | 0.59% |
| SPDR ICE Preferred Securities ETF | PSK | 0.51% |
| Grayscale Bitcoin Mini Trust ETF | BTC | 0.33% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2024 | $1.60254 | Dec 30, 2024 |
| Dec 28, 2023 | $1.8051 | Dec 28, 2023 |
| Dec 29, 2022 | $0.4752 | Dec 29, 2022 |
| Dec 29, 2021 | $0.01976 | Dec 29, 2021 |
| Dec 30, 2020 | $0.1225 | Dec 30, 2020 |
| Dec 30, 2019 | $0.01085 | Dec 30, 2019 |