Full text of KINETICS FUNDS DISTRIBUTOR LLC's X-17A-5 filed 2026-03-02 (period 2025-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ # **KINETICS FUNDS DISTRIBUTOR, LLC (S.E.C. NO. 8-13932)** ## **Statement of Financial Condition December 31, 2025 and Independent Auditor's Report** This report is filed as a PUBLIC document in accordance with rule 17a-5(e)(3) under the Securities Exchange Act of 1934. {1}------------------------------------------------ **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** ## **ANNUAL REPORTS FORM X-17A-5 PART Ill** OMBAPPROVAL 0MB Number: 3235--0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 SEC FILE NUMBER 8-13932 **FACING PAGE** **Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of <sup>1934</sup>** | FILING FOR THE PERIOD BEGINNING _0_11_01_12_5 _ | _____ AND ENDING _1_2/_31_/2_5 _____ _ | | | | | | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------|-----------------|------------|--|--|--| | | MM/DD/YY | | MM/DD/YY | | | | | A. REGISTRANT IDENTIFICATION | | | | | | | | NAME OF FIRM: Kinetics Funds Distributor, LLC | | | | | | | | TYPE OF REGISTRANT (check all applicable boxes):<br>D Major security-based swap participant<br>O<br>0 Broker-dealer<br>Security-based swap dealer<br>D Check here if respondent is also an OTC derivatives dealer | | | | | | | | ADDRESS Of PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | | | | | 470 Park Avenue South, 3rd Floor | | | | | | | | (No. and Street) | | | | | | | | New York | NY | | 10016 | | | | | (City) | (State) | | (Zip Code) | | | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | | Jonathan Kohen | jkohen@horizonkinetics.com<br>646-291-2297 | | | | | | | (Name) | (Area Code - Telephone Number) | (Email Address) | | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*<br>Alperin, Nebbia & Associates, CPA, PA | | | | | | | | (Name - if individual, state last, first, and middle name) | | | | | | | | 375 Passaic Avenue | Fairfield | NJ | 07004 | | | | | (Address) | (City) | (State) | (Zip Code) | | | | | 02/24/2009 | | 3397 | | | | | | (PCAOB Rellistration Number, if applicable)<br>(Date of Registration with PCAOB)(if applicable) | | | | | | | | | FOR OFFICIAL USE…Read the full text as markdown