# EDGAR Filing Document

**Accession Number:** 0001113229
**File Stem:** 0000894189-26-016196
**Filing Date:** 2026-5
**Character Count:** 18494
**Document Hash:** 0fbbb4adef69a91377b76531b50eae19
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-016196.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0000894189-26-016196

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** KINETICS PORTFOLIOS TRUST
- **CENTRAL INDEX KEY:** 0001113229

**ORGANIZATION NAME:**
- **EIN:** 223723753
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09923
- **FILM NUMBER:** 261030697

**BUSINESS ADDRESS:**
- **STREET 1:** 470 PARK AVENUE SOUTH
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10016
- **BUSINESS PHONE:** 9147036904

**MAIL ADDRESS:**
- **STREET 1:** 470 PARK AVENUE SOUTH
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10016

## Series and Classes Contracts Data

### Kinetics Internet Portfolio (Series ID: S000007851)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000021360 | Kinetics Internet Portfolio |  |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Kinetics Portfolios Trust

- **b. Investment Company Act file number:** 811-09923

- **c. CIK number of Registrant:** 0001113229

- **d. LEI of Registrant:** 254900ZCVXM48Q9D2T43

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 470 Park Avenue South

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10016

  - **Telephone number:** 800-930-3828

**Item A.2. Information about the Series.**

- **a. Name of Series:** Kinetics Internet Portfolio

- **b. EDGAR series identifier (if any):** S000007851

- **c. LEI of Series:** 254900I7GER7MJNWZY07

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $275961183.49

**Total Liabilities:** $2262131.82

**Net Assets:** $273699051.67

**Amount of Assets Invested in Other Investment Companies:** $33492599.99

**Cash Not Reported:** $2041.74

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000021360 | 2.78%                | 2.26%                | -1.03%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3829199.13              | $3432798.62                                |
| Month 2  | $-5624.30                | $-1212495.70                               |
| Month 3  | $699108.39               | $-9051830.91                               |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                               | Title                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Nasdaq Inc                         | Nasdaq Inc                                 | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |      2100 | NS      | $178269.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Television Holdings Inc     | Nippon Television Holdings Inc             | CUSIP: N/A<br>LEI: 353800QI43C3H97E4W63       | Long             | EC               | CORP              | JP        |       200 | NS      | $3978.45      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NZX Ltd                            | NZX Ltd                                    | CUSIP: N/A<br>LEI: 254900KTE7C5U39QMD43       | Long             | EC               | CORP              | NZ        |      1200 | NS      | $903.35       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| OTC Markets Group Inc              | OTC Markets Group Inc                      | CUSIP: 67106F108<br>LEI: 254900LQDMW14QIVAH45 | Long             | EC               | CORP              | US        |    121400 | NS      | $6498542.00   | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Basin Royalty Trust        | Permian Basin Royalty Trust                | CUSIP: 714236106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12550 | NS      | $270076.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ProShares Ultra Bloomberg Natu     | ProShares Ultra Bloomberg Natural Gas      | CUSIP: 74347Y748<br>LEI: 549300EPPCKR546IOD19 | Long             | EC               | RF                | US        |      6329 | NS      | $102023.48    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sphere Entertainment Co            | Sphere Entertainment Co                    | CUSIP: 55826T102<br>LEI: 254900ZW4JWKYRZZ9A91 | Long             | EC               | CORP              | US        |      4000 | NS      | $469600.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Toei Animation Co Ltd              | Toei Animation Co Ltd                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      7000 | NS      | $114457.64    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ProShares UltraPro QQQ             | ProShares UltraPro QQQ                     | CUSIP: 74347X831<br>LEI: 03026FQTQRJ0JSTBI779 | Long             | EC               | RF                | US        |     12850 | NS      | $535588.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ProShares UltraShort Bloomberg     | ProShares UltraShort Bloomberg Natural Gas | CUSIP: 74347Y813<br>LEI: 549300FWNZO2YBRO2888 | Long             | EC               | RF                | US        |      4529 | NS      | $98324.59     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ProShares UltraPro Short QQQ       | ProShares UltraPro Short QQQ               | CUSIP: 74350P675<br>LEI: KC8ZSAS0N653Z8PPTO65 | Long             | EC               | RF                | US        |      5737 | NS      | $461771.13    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                     | S&P Global Inc                             | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |       113 | NS      | $48063.42     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corp            | Texas Pacific Land Corp                    | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    189234 | NS      | $89802887.04  | 32.81%            |  |  |  | No            |                  1 | On Loan: No      |
| US BANK MMDA - USBGFS 7            | US BANK MMDA - USBGFS 7                    | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |   6186540 | NS      | $6186540.02   | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics Inc               | Verisk Analytics Inc                       | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      7000 | NS      | $1328250.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| SB Technology Inc                  | SB Technology Inc                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    156886 | NS      | $2700008.06   | 0.99%             |  |  |  | No            |                  3 | On Loan: No      |
| TXSE Group, Inc                    | TXSE Group, Inc                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      8700 | NS      | $200100.00    | 0.07%             |  |  |  | No            |                  3 | On Loan: No      |
| Ripple Labs Inc Preferred A shares | Ripple Labs Inc Preferred A shares         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      1875 | NS      | $228281.25    | 0.08%             |  |  |  | No            |                  3 | On Loan: No      |
| CME Group Inc                      | CME Group Inc                              | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |      4000 | NS      | $1181400.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Circle Internet Group Inc          | Circle Internet Group Inc                  | CUSIP: 172573107<br>LEI: 254900HFVVR6NPMQVN93 | Long             | EC               | CORP              | US        |      1000 | NS      | $95410.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                         | Copart Inc                                 | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |       400 | NS      | $13280.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CoStar Group Inc                   | CoStar Group Inc                           | CUSIP: 22160N109<br>LEI: 984500Q1D53D08E2E698 | Long             | EC               | CORP              | US        |       200 | NS      | $8068.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CreditRiskMonitor.com Inc          | CreditRiskMonitor.com Inc                  | CUSIP: 225426105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       780 | NS      | $1762.80      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fermi Inc                          | Fermi Inc                                  | CUSIP: 314911108<br>LEI: 529900TSHBYBCFMYZ228 | Long             | EC               | CORP              | US        |      6667 | NS      | $38935.28     | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Galaxy Digital Inc                 | Galaxy Digital Inc                         | CUSIP: 36317J209<br>LEI: 9845001C4070E5N07806 | Long             | EC               | CORP              | US        |    150000 | NS      | $2767500.00   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Grayscale Bitcoin Trust ETF        | Grayscale Bitcoin Trust ETF                | CUSIP: 389637109<br>LEI: 549300XZGUJEF0EHBE41 | Long             | EC               | RF                | US        |   2141842 | NS      | $113003583.92 | 41.29%            |  |  |  | No            |                  1 | On Loan: No      |
| Grayscale Litecoin Trust           | Grayscale Litecoin Trust                   | CUSIP: 38963W104<br>LEI: N/A                  | Long             | EC               | RF                | US        |         4 | NS      | $16.32        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Grayscale Bitcoin Mini Trust E     | Grayscale Bitcoin Mini Trust ETF           | CUSIP: 389930207<br>LEI: 529900WHTNX5LZCNWB27 | Long             | EC               | RF                | US        |    428419 | NS      | $12848285.81  | 4.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Exchange Group Inc           | Japan Exchange Group Inc                   | CUSIP: 471059105<br>LEI: 353800578ADEGIJTVW07 | Long             | EC               | CORP              | JP        |      6200 | NS      | $72168.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Landbridge Co LLC                  | Landbridge Co LLC                          | CUSIP: 514952100<br>LEI: 529900P7NBGGY6C0SF08 | Long             | EC               | CORP              | US        |     66800 | NS      | $4612540.00   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Madison Square Garden Entertai     | Madison Square Garden Entertainment Corp   | CUSIP: 558256103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4000 | NS      | $235640.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                     | Mastercard Inc                             | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      5000 | NS      | $2498300.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Mesabi Trust                       | Mesabi Trust                               | CUSIP: 590672101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37900 | NS      | $1193850.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: —       |
| Miami International Holdings I     | Miami International Holdings Inc           | CUSIP: 59356Q108<br>LEI: 254900TREUDBWGLAP788 | Long             | EC               | CORP              | US        |     75622 | NS      | $2943195.95   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| IG Port Inc                        | IG Port Inc                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     32200 | NS      | $250571.82    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronext NV                        | Euronext NV                                | CUSIP: N/A<br>LEI: 724500QJ4QSZ3H9QU415       | Long             | EC               | CORP              | NL        |      1600 | NS      | $256137.59    | 0.09%             |  |  |  | No            |                  3 | On Loan: No      |
| MIAMI INTERNATIONAL HOLDINGS INC   | MIAMI INTERNATIONAL HOLDINGS INC           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    134000 | NS      | $5215280.00   | 1.91%             |  |  |  | No            |                  3 | On Loan: No      |
| Atlanta Braves Holdings Inc        | Atlanta Braves Holdings Inc                | CUSIP: 047726104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8000 | NS      | $377200.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlanta Braves Holdings Inc        | Atlanta Braves Holdings Inc                | CUSIP: 047726302<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8000 | NS      | $341600.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Bakkt Inc                          | Bakkt Inc                                  | CUSIP: 05759B305<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     80000 | NS      | $588800.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: —       |
| Booz Allen Hamilton Holding Co     | Booz Allen Hamilton Holding Corp           | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |      1400 | NS      | $109242.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions     | Broadridge Financial Solutions Inc         | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |      7200 | NS      | $1169856.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International Inc             | CACI International Inc                     | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |     20000 | NS      | $10877400.00  | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| BOLT DATA & ENERGY INC.            | BOLT DATA & ENERGY INC.                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    800000 | NS      | $4000000.00   | 1.46%             |  |  |  | No            |                  3 | On Loan: No      |
| 99GRAYSC                           | 99GRAYSC                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    200000 | NS      | $2000000.00   | 0.73%             |  |  |  | No            |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-27

**Name of Applicant:** Kinetics Portfolios Trust

**Signature:** /s/ Jay Kesslen

**Name of Signer:** Kinetics Portfolios Trust

**Title:** Vice President