# EDGAR Filing Document

**Accession Number:** 0001113229
**File Stem:** 0001145549-23-011866
**Filing Date:** 2023-2
**Character Count:** 12830
**Document Hash:** 6516a7e6752c34b9c65af342b0324ead
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-011866.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001145549-23-011866

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** KINETICS PORTFOLIOS TRUST
- **CENTRAL INDEX KEY:** 0001113229
- **IRS NUMBER:** 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:** 23677113

**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:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $149310250.42

**Total Liabilities:** $1177944.20

**Net Assets:** $148132306.22

**Amount of Assets Invested in Other Investment Companies:** $9245069.74

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000021360 | -20.34%              | -20.03%              | -23.86%              |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $14324295.80                               |
| Month 2  | $-602165.75              | $1053025.23                                |
| Month 3  | $6315.55                 | $-7660739.97                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alphabet Inc                         | Alphabet Inc                             | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      2580 | NS      | $228923.40    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Bakkt Holdings Inc                   | Bakkt Holdings Inc                       | CUSIP: 05759B107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6000 | NS      | $7140.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| CME Group Inc                        | CME Group Inc                            | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |      4180 | NS      | $702908.80    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International Inc               | CACI International Inc                   | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |     40000 | NS      | $12023600.00  | 8.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                           | Copart Inc                               | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |       200 | NS      | $12178.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CreditRiskMonitor.com Inc            | CreditRiskMonitor.com Inc                | CUSIP: 225426105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       780 | NS      | $1872.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Grayscale Bitcoin Trust BTC          | Grayscale Bitcoin Trust BTC              | CUSIP: 389637109<br>LEI: 549300XZGUJEF0EHBE41 | Long             | EC               | RF                | US        |   2142099 | NS      | $17758000.71  | 11.99%            |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp-Liberty Bra       | Liberty Media Corp-Liberty Braves        | CUSIP: 531229706<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8000 | NS      | $261360.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp-Liberty For       | Liberty Media Corp-Liberty Formula One   | CUSIP: 531229870<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19800 | NS      | $1057914.00   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp-Liberty Bra       | Liberty Media Corp-Liberty Braves        | CUSIP: 531229888<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8000 | NS      | $257840.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Madison Square Garden Entertai       | Madison Square Garden Entertainment Corp | CUSIP: 55826T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4000 | NS      | $179880.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                       | Mastercard Inc                           | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      5900 | NS      | $2051607.00   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Mesabi Trust                         | Mesabi Trust                             | CUSIP: 590672101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25700 | NS      | $463114.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: —       |
| GMO internet group Inc               | GMO internet group Inc                   | CUSIP: N/A<br>LEI: 529900BFZEY3BESHBW90       | Long             | EC               | CORP              | JP        |     24000 | NS      | $450960.07    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq Inc                           | Nasdaq Inc                               | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |      2100 | NS      | $128835.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| OTC Markets Group Inc                | OTC Markets Group Inc                    | CUSIP: 67106F108<br>LEI: 254900LQDMW14QIVAH45 | Long             | EC               | CORP              | US        |    121000 | NS      | $6884900.00   | 4.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Basin Royalty Trust          | Permian Basin Royalty Trust              | CUSIP: 714236106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12250 | NS      | $308700.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: —       |
| Rumble Inc                           | Rumble Inc                               | CUSIP: 78137L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21000 | NS      | $124950.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| S&P Global Inc                       | S&P Global Inc                           | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |       113 | NS      | $37848.22     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| EW Scripps Co/The                    | EW Scripps Co/The                        | CUSIP: 811054402<br>LEI: 549300U1OW41QPKYW028 | Long             | EC               | CORP              | US        |     20000 | NS      | $263800.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corp              | Texas Pacific Land Corp                  | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21026 | NS      | $49289779.98  | 33.27%            |  |  |  | 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        |  52486702 | NS      | $52486702.03  | 35.43%            |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics Inc                 | Verisk Analytics Inc                     | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      7000 | NS      | $1234940.00   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| COOKPAD Inc                          | COOKPAD Inc                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    128000 | NS      | $191161.23    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Galaxy Digital Holdings Ltd          | Galaxy Digital Holdings Ltd              | CUSIP: N/A<br>LEI: 254900ULFH90UKBGDV65       | Long             | EC               | CORP              | US        |    128000 | NS      | $365849.34    | 0.25%             |  |  |  | No            |                  1 | On Loan: —       |
| Liberty Latin America Ltd            | Liberty Latin America Ltd                | CUSIP: N/A<br>LEI: 213800YWQHEAX7CAVO83       | Long             | EC               | CORP              | US        |     16496 | NS      | $125369.60    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MIAMI INTERNATIONAL HOLDINGS INC     | MIAMI INTERNATIONAL HOLDINGS INC         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    268000 | NS      | $2109160.00   | 1.42%             |  |  |  | No            |                  3 | On Loan: No      |
| MIAMI INTERNATIONAL HOLDINGS WARRANT | MIAMI INTERNATIONAL HOLDINGS WARRANT     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |     40819 | NS      | $83678.95     | 0.06%             |  |  |  | No            |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-24

**Name of Applicant:** Kinetics Portfolios Trust

**Signature:** /s/ Jay Kesslen

**Name of Signer:** Kinetics Portfolios Trust

**Title:** Vice President