​Kinetics Mutual Funds, managed by Horizon Kinetics Asset Management LLC, is an employee-owned investment firm founded in 1994, specializing in long-term, fundamental value investing. With approximately $7.0 billion in assets under management as of March 31, 2024, the firm offers a range of mutual funds, including the Paradigm Fund, Small Cap Opportunities Fund, Multi-Disciplinary Income Fund, Internet Fund, Market Opportunities Fund, Global Fund, and Spin-Off and Corporate Restructuring Fund. Horizon Kinetics’ investment philosophy emphasizes contrarian, research-driven strategies, focusing on identifying undervalued companies with unique business models and long-term growth potential. The firm’s experienced investment team, led by co-founders Peter Doyle and Murray Stahl, maintains significant personal investments in the funds, aligning their interests with those of their clients. Horizon Kinetics operates independently, with primary offices in New York City and White Plains, New York. ​