# EDGAR Filing Document

**Accession Number:** 0001113229
**File Stem:** 0000894189-26-004910
**Filing Date:** 2026-2
**Character Count:** 14566
**Document Hash:** 1008f66a979b318a4489bfca4c97e334
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-004910.hdr.sgml**: 20260225

**ACCESSION NUMBER**: 0000894189-26-004910

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260225

**DATE AS OF CHANGE**: 20260225

**PERIOD START**: 20251231

**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:** 26677740

**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 Multi-Disciplinary Income Portfolio (Series ID: S000021885)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000062762 | Kinetics Multi-Disciplinary Income 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 Multi-Disciplinary Income Portfolio

- **b. EDGAR series identifier (if any):** S000021885

- **c. LEI of Series:** 2549002YWCPCQUOQXV90

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**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:** $17511157.50

**Total Liabilities:** $116328.53

**Net Assets:** $17394828.97

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 2499.033121000000 | **1-Year:** 4043.855285000000 | **5-Year:** 511.927374000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000062762 | 4.66%                | 5.08%                | 5.41%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-11348.19                                 |
| Month 2  | $0.00                    | $-6894.75                                  |
| Month 3  | $0.00                    | $-2516.63                                  |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Atlas Senior Loan Fund LTD | Atlas Senior Loan Fund XIV        | CUSIP: 04942CAQ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501026.50    | 2.88%             | 2032-07-20      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| Battery Park CLO Ltd       | Battery Park CLO II Ltd           | CUSIP: 07134CAQ0<br>LEI: 549300H738INUT5W2X22 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501683.50    | 2.88%             | 2037-10-20      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd       | BlueMountain CLO XXXIII Ltd       | CUSIP: 09630MAQ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $749971.50    | 4.31%             | 2038-10-20      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd       | BlueMountain CLO XXXV Ltd         | CUSIP: 09631RAQ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500283.50    | 2.88%             | 2037-10-22      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| Brant Point CLO Ltd        | Brant Point CLO 2023-1 Ltd        | CUSIP: 104922AC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    600000 | PA      | $600600.00    | 3.45%             | 2038-07-26      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd           | CIFC Funding 2021-VI Ltd          | CUSIP: 12553SAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500445.50    | 2.88%             | 2034-10-15      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| Eaton Vance CDO Ltd        | Eaton Vance CLO 2013-1 Ltd        | CUSIP: 27830BCA0<br>LEI: 5493001O5CL3BBUIEH94 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $751390.50    | 4.32%             | 2038-10-15      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| Brant Point CLO Ltd        | Brant Point Clo 2024-4 Ltd        | CUSIP: 835932AC8<br>LEI: 254900UXN7ENP4VJ9L26 | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1001684.00   | 5.76%             | 2037-07-20      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| Brant Point CLO Ltd        | Brant Point Clo 2024-6 Ltd        | CUSIP: 83617JAC3<br>LEI: 254900XHQ73AT2SOPY37 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $498831.50    | 2.87%             | 2038-01-15      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| Abry Liquid Credit CLO Ltd | Abry Liquid Credit CLO 2025-1 Ltd | CUSIP: 00383LAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    530000 | PA      | $530415.52    | 3.05%             | 2038-10-20      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| Apex Credit CLO LLC        | Apex Credit Clo 2021 Ltd          | CUSIP: 03754CAS4<br>LEI: 549300PKXRJW5V5VW357 | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $800585.60    | 4.60%             | 2034-07-18      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| Atlantic Avenue Ltd        | Atlantic Avenue 2023-1 Ltd        | CUSIP: 04822FAN4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $749994.75    | 4.31%             | 2039-01-15      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| Eldridge CLO Ltd           | Eldridge CLO 2025-1 Ltd           | CUSIP: 284913AE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500517.00    | 2.88%             | 2038-10-20      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| Post CLO LTD               | Post CLO 2022-1 LTD               | CUSIP: 73742YAC9<br>LEI: 5493007CUC7FI0ONIF25 | Long             | ABS-CBDO         | CORP              | KY        |    665000 | PA      | $665587.86    | 3.83%             | 2035-04-20      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Post CLO LTD               | Post CLO 2023-1 Ltd               | CUSIP: 73743CAQ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500637.50    | 2.88%             | 2038-10-20      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| Sand Trust                 | Sandstone Peak II Ltd             | CUSIP: 80013TAQ6<br>LEI: 254900ZRRTOYR8JJD593 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500300.50    | 2.88%             | 2038-07-20      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD        | Sound Point CLO 2025R-1 Ltd       | CUSIP: 83617EAE0<br>LEI: 25490031SR8APTVC6E71 | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $800904.80    | 4.60%             | 2038-02-20      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| Elevation CLO Ltd          | Elevation CLO 2013-1 Ltd          | CUSIP: 28623FAN4<br>LEI: 549300D7IKXB86IQMC13 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $751371.00    | 4.32%             | 2038-07-25      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| Fort Washington CLO 2019-1 | Fort Washington CLO 2019-1        | CUSIP: 34918QBA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501454.00    | 2.88%             | 2037-10-20      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| HalseyPoint CLO I, Ltd.    | HalseyPoint CLO 4 Ltd             | CUSIP: 40637LAC4<br>LEI: 549300CMJUK1VCINNF57 | Long             | ABS-CBDO         | CORP              | KY        |    475000 | PA      | $475363.85    | 2.73%             | 2034-04-20      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| Invesco CLO LTD            | Invesco CLO 2022-3 Ltd            | CUSIP: 46146VAQ2<br>LEI: 254900JVSF4JLNP9YV71 | Long             | ABS-CBDO         | CORP              | JE        |    250000 | PA      | $250291.25    | 1.44%             | 2037-10-22      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd   | Madison Park Funding XLVII Ltd    | CUSIP: 55820FAN8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250675.50    | 1.44%             | 2037-04-19      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| Man Glg Us Clo 2018-2 Ltd  | MAN US CLO 2023-1 LTD             | CUSIP: 56166RAA0<br>LEI: 254900N9T03W7ZI61W42 | Long             | ABS-CBDO         | CORP              | JE        |    500000 | PA      | $500192.50    | 2.88%             | 2035-07-20      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| MOUNTAIN VIEW CLO          | Mountain View Clo XV Ltd          | CUSIP: 62432PAW2<br>LEI: 254900VKL64PZVEG4F33 | Long             | ABS-CBDO         | CORP              | KY        |    450000 | PA      | $450946.80    | 2.59%             | 2037-07-15      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD        | Sound Point CLO XXXIII Ltd        | CUSIP: 83616KAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    750000 | PA      | $750309.00    | 4.31%             | 2035-04-25      | Floating      | 5.76%                 | No            |                  2 | On Loan: No      |
| US BANK MMDA - USBGFS 7    | US BANK MMDA - USBGFS 7           | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |   1549046 | NS      | $1549046.35   | 8.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Venture CDO Ltd            | Venture 46 Clo Ltd                | CUSIP: 92326CBC0<br>LEI: 549300O7L2XN74VSK595 | Long             | ABS-CBDO         | CORP              | JE        |    500000 | PA      | $500560.50    | 2.88%             | 2037-10-20      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd            | Venture XV CLO Ltd                | CUSIP: 92328XBF5<br>LEI: 549300UYHZCJPN3LMT03 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250537.50    | 1.44%             | 2032-07-15      | Floating      | 6.04%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd               | Voya CLO 2019-4 Ltd               | CUSIP: 92918BAQ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    430000 | PA      | $430087.29    | 2.47%             | 2035-01-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-02-25

**Name of Applicant:** Kinetics Portfolios Trust

**Signature:** /s/ Jay Kesslen

**Name of Signer:** Kinetics Portfolios Trust

**Title:** Vice President