# EDGAR Filing Document

**Accession Number:** 0001113229
**File Stem:** 0001145549-25-052155
**Filing Date:** 2025-8
**Character Count:** 15110
**Document Hash:** b854bba054a9af34fc406356c3945a21
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-052155.hdr.sgml**: 20250821

**ACCESSION NUMBER**: 0001145549-25-052155

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250821

**DATE AS OF CHANGE**: 20250821

**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:** 251238868

**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:** 2025-06-30

**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:** $15689599.59

**Total Liabilities:** $116106.21

**Net Assets:** $15573493.38

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 4201.995544000000 | **1-Year:** 2149.057500000000 | **5-Year:** 165.609057000000 | **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 | 1.76%                | 2.37%                | 2.93%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-22937.87                                 |
| Month 2  | $0.00                    | $25868.67                                  |
| Month 3  | $0.00                    | $-3985.60                                  |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Bryant Park Funding Ltd        | Bryant Park Funding 2023-21 Ltd     | CUSIP: 117650AE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250680.50    | 1.61%             | 2036-10-18      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi | Carlyle US CLO 2023-3 Ltd           | CUSIP: 14318FAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    450000 | PA      | $451159.20    | 2.90%             | 2036-10-15      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| Wind River CLO Ltd             | Wind River 2021-2 CLO Ltd           | CUSIP: 97315VAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    375000 | PA      | $375176.25    | 2.41%             | 2034-07-20      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| Zais Matrix CDO I              | Zais Clo 18 Ltd                     | CUSIP: 98885NAE3<br>LEI: 549300PRQCSTFU7VEI08 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500567.50    | 3.21%             | 2035-01-25      | Floating      | 6.08%                 | 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      | $501554.00    | 3.22%             | 2034-10-15      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Cent CLO LP                    | Columbia Cent CLO 29 Ltd            | CUSIP: 197363AY0<br>LEI: 549300CTF5B701OF6K35 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001368.00   | 6.43%             | 2034-10-20      | Floating      | 6.23%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund        | Dryden 86 CLO Ltd                   | CUSIP: 26245XAQ0<br>LEI: 25490017VKY7XEFZL303 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500455.00    | 3.21%             | 2034-07-17      | Floating      | 6.24%                 | 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      | $502170.00    | 3.22%             | 2037-10-20      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO, LT | Golub Capital Partners CLO 70 B Ltd | CUSIP: 381939AC1<br>LEI: 254900Y43PI32U9YGF14 | Long             | ABS-CBDO         | CORP              | JE        |    250000 | PA      | $250661.50    | 1.61%             | 2036-10-25      | Floating      | 6.78%                 | No            |                  2 | On Loan: No      |
| HalseyPoint CLO Ltd.           | HalseyPoint CLO 4 Ltd               | CUSIP: 40637LAC4<br>LEI: 549300CMJUK1VCINNF57 | Long             | ABS-CBDO         | CORP              | KY        |    475000 | PA      | $476320.03    | 3.06%             | 2034-04-20      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| ICG US CLO Ltd                 | ICG US CLO 2023-1 I Ltd             | CUSIP: 449278AC4<br>LEI: 213800Z9YRS87E5MLP40 | Long             | ABS-CBDO         | CORP              | JE        |    500000 | PA      | $500000.00    | 3.21%             | 2036-07-18      | Floating      | 7.27%                 | No            |                  2 | On Loan: No      |
| Katayma CLO Ltd                | Katayma CLO I Ltd                   | CUSIP: 48585JAE0<br>LEI: 254900I6JJYMZNFX8987 | Long             | ABS-CBDO         | CORP              | JE        |    250000 | PA      | $250709.75    | 1.61%             | 2036-10-20      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd              | Magnetite XXXVII Ltd                | CUSIP: 55952AAC3<br>LEI: 529900QDM2RO966NLE49 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501032.50    | 3.22%             | 2036-10-20      | Floating      | 6.57%                 | 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      | $500711.00    | 3.22%             | 2035-07-20      | Floating      | 6.57%                 | 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      | $451592.10    | 2.90%             | 2037-07-15      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| Orion CLO Ltd.                 | Orion CLO 2023-2 Ltd                | CUSIP: 68626FAC1<br>LEI: 2138006PMRY9TD8ETL33 | Long             | ABS-CBDO         | CORP              | JE        |    250000 | PA      | $251209.50    | 1.61%             | 2037-01-25      | Floating      | 7.03%                 | 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      | $667218.44    | 4.28%             | 2035-04-20      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Post CLO LTD                   | Post CLO 2023-1 Ltd                 | CUSIP: 73743CAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500150.00    | 3.21%             | 2036-04-20      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| Rad CLO Ltd                    | Rad CLO 20 Ltd                      | CUSIP: 749979AC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |    500000 | PA      | $500000.00    | 3.21%             | 2036-07-20      | Floating      | 6.92%                 | 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      | $751049.25    | 4.82%             | 2035-04-25      | Floating      | 6.18%                 | 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        |    550000 | PA      | $550657.80    | 3.54%             | 2038-02-20      | Floating      | 5.97%                 | 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        |   1268766 | NS      | $1268766.03   | 8.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Venture CDO Ltd                | Venture XV CLO Ltd                  | CUSIP: 92328XBF5<br>LEI: 549300UYHZCJPN3LMT03 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $251158.25    | 1.61%             | 2032-07-15      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                | Venture 48 CLO Ltd                  | CUSIP: 92340YAE1<br>LEI: 254900Q5GN624I1YXD24 | Long             | ABS-CBDO         | CORP              | JE        |    500000 | PA      | $501571.00    | 3.22%             | 2036-10-20      | Floating      | 7.02%                 | 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      | $432705.13    | 2.78%             | 2035-01-15      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| Atlas Senior Loan Fund LTD     | Atlas Senior Loan Fund XIV          | CUSIP: 04942CAQ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $502183.50    | 3.22%             | 2032-07-20      | Floating      | 6.48%                 | 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      | $501743.00    | 3.22%             | 2037-10-20      | Floating      | 5.77%                 | 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      | $501893.50    | 3.22%             | 2037-10-22      | Floating      | 6.12%                 | 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      | $1006030.00   | 6.46%             | 2037-07-20      | Floating      | 6.22%                 | 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        |    300000 | PA      | $300000.00    | 1.93%             | 2038-01-15      | Floating      | 5.89%                 | No            |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-20

**Name of Applicant:** Kinetics Portfolios Trust

**Signature:** /s/ Jay Kesslen

**Name of Signer:** Kinetics Portfolios Trust

**Title:** Vice President