The $34 million Kinetics Medical No Load Fund (MEDRX) has climbed 13.8% this year, including a particularly strong three-month gain of 12.8%.
Its largest holding, Biogen Idec (BIIB), at 8.9% of the fund, is up 48% this year. The company is a drug developer with a wide range of products.Novartis (NVS), at 6.2% of the fund, is up 5.9% this year. Its business includes branded and generic pharmaceuticals, vaccines and consumer products. Life Technologies (LIFE), at 6.1% of the portfolio, is down 4.9% this year. It develops biotechnology tools.
Alpine Realty Income & Growth (AIGYX) is up 13.2% this year, including a 6.3% gain over the past three months. It invests primarily in real estate investment trusts (REITs). Its largest holding, Simon Property Group (SPG), at 6.5% of the fund, has jumped 16.4% this year. The company is the largest retail REIT in the U.S., and its portfolio includes shopping malls, premium outlet centers and international properties. Its holdings recently included 393 properties, about half of which were wholly owned. Boston Properties (BXP), which makes up 5.6% of the fund, has risen 24.6% this year. It owns over 100 office buildings in major cities as well as at least 20 office and technical properties, a hotel, as well as residential and retail properties. Vornado Realty Trust (VNO), at 5% of the fund, is up 13.6% this year. It owns mostly office properties in New York and Washington D.C., and shopping malls and retail properties nationwide.