NPORT-P false 0001083387 XXXXXXXX S000058593 C000192499 C000192500 C000192498 C000192497 Kinetics Mutual Funds 811-09303 0001083387 254900Z4PTNUE2SN9529 470 Park Avenue South New York 10016 800-930-3828 Kinetics Spin-Off and Corporate Restructuring Fund S000058593 2549001EDIR1NDKBR887 2024-12-31 2024-12-31 N 36951582.580000000000 303019.080000000000 36648563.500000000000 0.000000000000 536433.310000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 N Howard Hughes Holdings Inc N/A 44267T102 1600 NS USD 123072 0.3358167094 Long EC CORP US N 1 N N N Knife River Corp N/A 498894104 100 NS USD 10164 0.0277336928 Long EC CORP US N 1 N N N Texas Pacific Land Corp N/A 88262P102 24779 NS USD 27404582.84 74.7766903333 Long EC CORP US N 1 N N N US BANK MMDA - USBGFS 7 N/A N/A 1584569.4 NS USD 1584569.4 4.3236876119 Long STIV RF US N 1 N N N Brookfield Corp C6J3FGIWG6MBDGTE8F80 11271J107 36 NS USD 2068.2 0.0056433317 Long EC CORP CA N 1 N N N Grayscale Bitcoin Mini Trust E 529900WHTNX5LZCNWB27 389930207 3736 NS USD 156426.32 0.4268279710 Long EC RF US N 1 N N N Liberty Energy Inc N/A 53115L104 972 NS USD 19333.08 0.0527526270 Long EC CORP US N 1 N N N Grayscale Bitcoin Cash Trust N/A 38963P109 6073 NS USD 31883.25 0.0869972707 Long EC RF US N 1 N N N Hawaiian Electric Industries I JJ8FWOCWCV22X7GUPJ23 419870100 3600 NS USD 35028 0.0955780982 Long EC CORP US N 1 N N N Landbridge Co LLC N/A N/A 1666 NS USD 96861.24 0.2642975079 Long EC CORP US N 3 N N N Liberty Media Corp-Liberty For N/A 531229771 3000 NS USD 252120 0.6879396514 Long EC CORP US N 1 N N N Seaport Entertainment Group In 2549006G3SN205YAST27 812215200 187.99997 NS USD 5254.6 0.0143378062 Long EC CORP US N 1 N N N White Mountains Insurance Grou 549300N3FL068JERBG02 N/A 58 NS USD 112813.48 0.3078251075 Long EC CORP US N 1 N N N Eagle Materials Inc 529900KRXRGXL61SG039 26969P108 324 NS USD 79950.24 0.2181538166 Long EC CORP US N 1 N N N Mesabi Trust N/A 590672101 550 NS USD 15460.5 0.0421858281 Long EC CORP US N 1 N N N Landbridge Co LLC N/A 514952100 27000 NS USD 1744200 4.7592588452 Long EC CORP US N 1 N N N Prestige Consumer Healthcare I N/A 74112D101 797 NS USD 62237.73 0.1698231092 Long EC CORP US N 1 N N N PrairieSky Royalty Ltd 529900AXG582AP7CV733 739721108 12000 NS 233997.7 0.6384907829 Long EC CORP CA N 1 N N N General Electric Co 3C7474T6CDKPR9K6YT90 369604301 100 NS USD 16679 0.0455106515 Long EC CORP US N 1 N N N Galaxy Digital Holdings Ltd 254900ULFH90UKBGDV65 N/A 3600 NS 62585.83 0.1707729418 Long EC CORP US N 1 N N N Associated Capital Group Inc 549300FBGXGSSUE01W24 045528106 34300 NS USD 1175100.85 3.2064035743 Long EC CORP US N 1 N N N Atlanta Braves Holdings Inc N/A 047726302 1693.99816 NS USD 64812.37 0.1768483231 Long EC CORP US N 1 N N N Urbana Corp 5493003WCSNG13LU3180 91707P109 6234 NS 24416.45 0.0666232116 Long EC CORP CA N 2 N N N Grayscale Bitcoin Trust ETF 549300XZGUJEF0EHBE41 389637109 60 NS USD 4441.2 0.0121183467 Long EC RF US N 1 N N N Toei Animation Co Ltd N/A N/A 200 NS 4493.31 0.0122605351 Long EC CORP JP N 1 N N N Anglo American PLC 549300S9XF92D1X8ME43 03485P300 72 NS USD 1062 0.0028977943 Long EC CORP GB N 1 N N N Bakkt Holdings Inc N/A 05759B305 5180 NS USD 128308.6 0.3501054004 Long EC CORP US N 1 N N N DigitalBridge Group Inc 549300XG87L902AGBO89 25401T603 6300 NS USD 71064 0.1939066452 Long EC CORP US N 1 N N N Fairfax India Holdings Corp 549300K2JHXU7AX7CV78 303897102 1600 NS USD 25606.4 0.0698701328 Long EC CORP CA N 1 N N N GAMCO Investors Inc 51A2MDO9SJ2HTOSMLZ76 361438104 39300 NS USD 950274 2.5929365553 Long EC CORP US N 1 N N N iShares Bitcoin Trust ETF 529900HVFN08L8P4H851 46438F101 146 NS USD 7745.3 0.0211339798 Long EC RF US N 1 N N N Aris Water Solutions Inc N/A 04041L106 98 NS USD 2347.1 0.0064043438 Long EC CORP US N 1 N N N CSW Industrials Inc 549300SYOEO3RVQ7FB83 126402106 5400 NS USD 1905120 5.1983483609 Long EC CORP US N 1 N N N Civeo Corp 254900H0BM0N0O4MSY43 17878Y207 20000 NS USD 454400 1.2398848866 Long EC CORP US N 1 N N N Fairfax Financial Holdings Ltd GLS7OQD0WOEDI8YAP031 303901102 2 NS USD 2779.52 0.0075842536 Long EC CORP CA N 1 N N N GE Vernova Inc 254900DP080RU6OK2553 36828A101 25 NS USD 8223.25 0.0224381237 Long EC CORP US N 1 N N N Urbana Corp 5493003WCSNG13LU3180 91707P208 1600 NS 6433.62 0.0175549036 Long EC CORP CA N 1 N N N 2025-02-18 Kinetics Mutual Funds /s/ Jay Kesslen Kinetics Mutual Funds Inc Vice President