Morningstar

Kinetics Market Opportunities Fund No Load Class KMKNX

Morningstar Medalist Rating
Medalist Rating as of | See Kinetics Investment Hub
  • NAV / 1-Day Return 85.44  /  −0.32 %
  • Total Assets 298.0M
  • Adj. Expense Ratio
    1.400%
  • Expense Ratio 1.400%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Mid-Cap Growth
  • Investment Style Mid Growth
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 0.14%
  • Turnover 4%

USD | NAV as of Jul 18, 2026 | 1-Day Return as of Jul 18, 2026, 1:15 AM GMT+0

Morningstar’s Analysis KMKNX

Will KMKNX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable KMKNX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the KMKNX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of KMKNX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Kinetics Market Opportunities No Load holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings KMKNX

More KMKNX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 79.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Texas Pacific Land Corp

47.72 155M
Energy

Grayscale Bitcoin Trust ETF

9.72 32M
—

Hawaiian Electric Industries Inc

7.36 24M
Utilities

US BANK MMDA - USBGFS 7

5.17 17M
Cash and Equivalents

LandBridge Co LLC Class A shares

3.53 11M
Energy

WaterBridge Infrastructure LLC Ordinary Shares - Class A

3.43 11M
Energy

Bolt Data & Energy Inc.

1.85 6M
—

Miami International Holdings Inc

1.83 6M
Financial Services

Partners Value Investments LP Unit

1.65 5M
Financial Services

US BANK MMDA - USBGFS 7

1.47 5M
Cash and Equivalents

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