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Home/Blog/Miller Shah LLP Is Investigating the Kinetics Paradigm Fund (WWNPX) Over Its Concentrated Position in Texas Pacific Land Corp. (TPL)

Miller Shah LLP Is Investigating the Kinetics Paradigm Fund (WWNPX) Over Its Concentrated Position in Texas Pacific Land Corp. (TPL)

For several years, the Kinetics Paradigm Fund, along with other funds managed by Horizon Kinetics, has been accumulating concentrated positions of Texas Pacific Land Corporation (“Texas Pacific Land”).  The Kinetics Paradigm Fund offers Class A shares (KNPAX), Class C shares (KNPCX), Class Institutional shares KNPYX) and no load shares (WWNPX)

Texas Pacific Land (NYSE: TPL) is the largest private landowner in Texas and generates revenues from land and water resource management, oil and gas royalties, grazing and sundry leases.  At year-end 2022, TPL stock accounted for 68% of the Kinetics Paradigm Fund’s net assets under management and constitutes similar percentages in other Horizon Kinetics funds.  In 2023, TPL is down 40% year to date, causing losses to all funds.

If you are a current shareholder in the Kinetics Paradigm Fund (WWNPX), or an investor who bought and sold for a loss, you may wish to contact Edward Glenn (ehglenn@millershah.com) for a free evaluation of your legal rights.  The firm can also be reached toll-free at (866) 540-5505.

Miller Shah LLP is a law firm with offices in California, Connecticut, Florida, New Jersey, New York, and Pennsylvania. The legal team at Miller Shah LLP has extensive experience representing investors in securities fraud class action, shareholder derivative, SEC whistleblower, and ERISA matters.  The firm is an active member of the International Advisory Group, which provides clients with access to excellent legal and accounting resources across the globe.

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