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Form N-PX · fund registrantSEC filer no. 1113229

KINETICS PORTFOLIOS TRUST

fund voting report

Vote records reported
3,045year to 30 June 2026
Against management
12.8%389 of 3,041 marked votes
Say-on-pay support
88.4%for, of for + against + abstain
Shareholder-proposal support
39.0%for, of for + against + abstain
85.7% for6.1% against8.1% other12.8% against management3,045 votes

foragainstabstain, withhold or otheramber tick: the portion cast against management

In its Form N-PX for the year to 30 June 2026, KINETICS PORTFOLIOS TRUST listed 3,045 vote records. Votes against management made up 12.8% of those marked either way (389 of 3,041); the median fund registrant stood at 6.2%.

Weighted by the number of shares voted, the against-management share is 15.1%. The two figures differ when the votes against management fall on larger or smaller holdings than the rest.

On pay and on shareholder proposals: it voted for 88.4% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 39.0% of the proposals put forward by security holders (the median fund registrant: 27.5%).

By category, votes against management were most frequent in DIRECTOR ELECTIONS (15.0% of 2,047), COMPENSATION (14.7% of 163) and SECTION 14A SAY-ON-PAY VOTES (13.7% of 183).

It reported 2.3 million shares out on loan at record dates, 0.96% of the shares it held or had lent across the meetings it reported. Shares on loan are not voted.

Compared with other filers

Each rate is defined once, in the methodology. The median is taken over 1,241 fund registrants with at least 25 vote records in the season.

year to 30 June 2026This filerMedian fund registrantAll filers pooled
Against-management share12.8%6.2%10.6%
Say-on-pay support rate88.4%91.6%86.0%
Shareholder-proposal support rate39.0%27.5%33.9%
Shares on loan, share of shares held0.96%0.00%3.12%
Largest families, year to 30 June 2026Against managementSay-on-pay supportShareholder-proposal support
Vanguard20.1%94.1%42.0%
BlackRock and iShares7.5%88.3%11.9%
Fidelity6.0%94.7%27.6%
Dimensional16.4%78.9%57.4%
State Street and SPDR16.9%77.1%50.4%

Votes by category

Filers choose one or more categories for each vote, so a vote can appear in more than one row. Category names are printed as Form N-PX defines them.

Category (as the form names it)VotesForAgainstAgainst managementSplit
DIRECTOR ELECTIONS2,0471,7389815.0%
SECTION 14A SAY-ON-PAY VOTES1831301713.7%
AUDIT-RELATED24023820.8%
SHAREHOLDER RIGHTS AND DEFENSES119254.5%
EXTRAORDINARY TRANSACTIONS202000.0%
CAPITAL STRUCTURE12211665.7%
COMPENSATION1631372614.7%
CORPORATE GOVERNANCE2632323111.2%
ENVIRONMENT OR CLIMATE110110.0%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE2020.0%
DIVERSITY, EQUITY, AND INCLUSION3030.0%
OTHER SOCIAL ISSUES154110.0%
OTHER101000.0%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 20242,18712.2%87.5%not reported
year to 30 June 20252,69814.5%85.3%27.0%
year to 30 June 20263,04512.8%88.4%39.0%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, KINETICS PORTFOLIOS TRUST voted against management on 5 of the 61 it marked either way (8.2%) in the year to 30 June 2026.

Shareholder proposals it supported

Of 28 proposals from security holders that could be told apart in the filings and on which it cast a vote, KINETICS PORTFOLIOS TRUST voted for 13 (46.4%). Titles are the most common wording among filers; where a wording could name a person, the SEC category is printed instead.

CompanyMeetingProposal
Visa Inc.27 Jan 2026Shareholder proposal on shareholder right to act by written consent.
Mastercard Incorporated16 Jun 2026Consideration of a stockholder proposal regarding shareholder right to act by written consent
S&P Global Inc.20 May 2026Vote on a shareholder proposal to reduce the stock ownership threshold for calling a special shareholder...
NRG Energy, Inc.30 Apr 2026To vote on a stockholder proposal to give shareholders the ability to call for a special shareholder meeting
Verisk Analytics, Inc.19 May 2026Shareholder Proposal - Shareholder Right to Act by Written Consent.
Cboe Global Markets, Inc.14 May 2026Stockholder proposal regarding shareholder right to act by written consent.
Markel Group Inc.20 May 2026Shareholder proposal to give shareholders an ability to call for a special shareholder meeting.
Norwegian Cruise Line Holdings Ltd.11 Jun 2026A shareholder proposal requesting the declassification of our board of directors
RB Global, Inc.30 Apr 2026Approval of a special resolution, requiring the Company to adopt a policy and amend its governing...
Eagle Materials Inc.4 Aug 2025Non-binding advisory stockholder proposal requesting the declassification of our Board of Directors.
MarketAxess Holdings Inc.10 Jun 2026If properly presented, a stockholder proposal regarding changes to existing stockholder special meeting right.
The Wendy's Company20 May 2026S/h proposal - corporate governance
Permian Basin Royalty Trust16 Dec 2025Shareholder proposal: CORPORATE GOVERNANCE

Shares on loan

KINETICS PORTFOLIOS TRUST reported 2.3 million shares on loan at record dates against 238.2 million shares voted: 0.96% of the two together. Median fund registrant: 0.00%. Shares lent out at the record date cannot be voted by the lender, which is why Form N-PX asks for the figure. More on lending and votes.

Fund series in this filing

6 series reported votes. A vote record can list several series. Series with 500 or more vote records have their own page.

SeriesVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
S00000503274411.3%89.3%40.0%
S00000503571911.4%90.6%38.9%
S00000503161115.1%84.8%40.0%
S00000503045910.7%95.0%50.0%
S00000502929013.8%84.2%42.9%
S00005859322218.9%86.7%20.0%

The filings

These figures are read from the filer's own Form N-PX. If a vote on this page looks wrong, the filing is the record: a dispute about a filed vote is a matter for the filer, and an error in how this site read the filing is a matter for corrections.

Questions

How did KINETICS PORTFOLIOS TRUST vote on executive pay?

In the year to 30 June 2026 KINETICS PORTFOLIOS TRUST reported 147 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 130 were for (88.4%), 17 against and 0 abstentions. Counting one item per company meeting, it voted against management on 5 of the 61 say-on-pay items it marked either way.

How often does KINETICS PORTFOLIOS TRUST vote against management?

12.8% of the time in the year to 30 June 2026: 389 of the 3,041 votes it marked as for or against management. Form N-PX asks each filer to state, vote by vote, whether the vote was for or against management's recommendation; this figure counts those marks.

Did KINETICS PORTFOLIOS TRUST support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 11 votes on proposals from security holders in the year to 30 June 2026 and voted for 0 of them (0.0%). Across every category it voted for 39.0% of security-holder proposals. Filers choose the category for each vote, so the same proposal can sit in different categories in different filings.

Is this the result of the meetings?

No. Form N-PX shows how this filer voted the shares it held. It does not show how other shareholders voted or whether a proposal was approved. Companies report certified results separately, on Form 8-K.

Where does the data come from?

From the Form N-PX filings of this filer on the SEC's EDGAR system, read as filed. The SEC does not verify the contents. Amended filings (N-PX/A) replace the filings they amend. Data on this page runs through 23 Sep 2026.

Provenance: SEC EDGAR, Form N-PX and N-PX/A filings by KINETICS PORTFOLIOS TRUST (filer no. 1113229), read as filed and not verified by the SEC. Amended filings replace the filings they amend. Filings read through 23 Sep 2026; page built 26 Sep 2026.