KKR & CO INC KKR
COM · Common Stock · CUSIP 48251W104 · ISIN US48251W1045
American private equity fund manager
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($85.4m this quarter). Holder counts are more reliable. Shares outstanding: 861.1m as of 2022-11-07, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $46.42. Options: 18 managers hold calls ($245.6m notional), 21 hold puts ($289.4m).
Trends to Q4 2022
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 710 |
| Q4 2022 | 729 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $105.1m | $143.6m | 1.37 |
| Q4 2022 | $245.6m | $289.4m | 1.18 |
Biggest buyers
| T. Rowe Price Investment Management, Inc. | Added | +9.2m |
| HARRIS ASSOCIATES L P | Added | +5.5m |
| Capital International Investors | Added | +4.0m |
| Invesco Ltd. | Added | +3.8m |
| WOLVERINE TRADING, LLC | New | +2.8m |
| CITADEL ADVISORS LLC | Added | +1.4m |
| BlackRock Inc. | Added | +1.3m |
| KIZE CAPITAL LP | New | +636.2k |
| TWINBEECH CAPITAL LP | Added | +618.1k |
| ROYAL BANK OF CANADA | Added | +601.0k |
Biggest sellers
| JENNISON ASSOCIATES LLC | Reduced | -3.4m |
| VIKING GLOBAL INVESTORS LP | Sold out | -3.2m |
| ValueAct Holdings, L.P. | Reduced | -2.8m |
| ARIEL INVESTMENTS, LLC | Reduced | -2.4m |
| Vulcan Value Partners, LLC | Reduced | -1.9m |
| BANK OF MONTREAL /CAN/ | Reduced | -1.3m |
| BANK OF AMERICA CORP /DE/ | Reduced | -1.1m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -826.8k |
| FEDERATED HERMES, INC. | Reduced | -815.6k |
| CAMBIAR INVESTORS LLC | Sold out | -718.8k |
Biggest calls
| GOLDMAN SACHS GROUP INC | New | $131.8m2.8m shares |
| GROUP ONE TRADING LLC | Added | $22.6m487.5k shares |
| Twin Tree Management, LP | Reduced | $20.4m439.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $16.3m350.5k shares |
| CITADEL ADVISORS LLC | Reduced | $12.6m272.2k shares |
| WOLVERINE TRADING, LLC | Added | $7.5m160.5k shares |
| Parallax Volatility Advisers, L.P. | Added | $6.9m148.6k shares |
| Walleye Trading LLC | Reduced | $5.8m125.2k shares |
| JANE STREET GROUP, LLC | Reduced | $5.6m121.6k shares |
| SIMPLEX TRADING, LLC | Added | $4.7m101.8k shares |
Biggest puts
| WOLVERINE TRADING, LLC | Added | $134.1m2.9m shares |
| Twin Tree Management, LP | Reduced | $24.5m528.6k shares |
| CITADEL ADVISORS LLC | Reduced | $23.6m507.9k shares |
| BARCLAYS PLC | First filing | $23.2m500.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $17.4m373.8k shares |
| SIMPLEX TRADING, LLC | Added | $13.8m296.5k shares |
| JPMORGAN CHASE & CO | New | $12.2m263.1k shares |
| GROUP ONE TRADING LLC | Added | $10.2m220.6k shares |
| JANE STREET GROUP, LLC | Added | $8.2m177.1k shares |
| Walleye Trading LLC | Added | $5.6m120.4k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.7% |
Fell to 5% or below in the last year: BlackRock, Inc. (5.0%, 2026-04-27), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q4 2022
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2021 | 0 | — | 0 | — | — |
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 2 | $383.9m | — |
| Q1 2022 | 1 | $999.3k | 0 | — | — |
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 1 | $991.5k | 1 | $3.4m | — |
| Q4 2022 | 0 | — | 0 | — | — |
None reported in Q4 2022.
Holders, Q4 2022
| Manager | Shares | Change |
|---|---|---|
| Capital International Investors 0.49% of their portfolio | 39.0m $1.8bn | Added +4.0m |
| VANGUARD GROUP INC 0.05% of their portfolio | 38.9m $1.8bn | Added +176.1k |
| BlackRock Inc. 0.05% of their portfolio | 35.1m $1.6bn | Added +1.3m |
| HARRIS ASSOCIATES L P 2.52% of their portfolio | 26.6m $1.2bn | Added +5.5m |
| T. Rowe Price Investment Management, Inc. 0.93% of their portfolio | 26.1m $1.2bn | Added +9.2m |
| PRINCIPAL FINANCIAL GROUP INC 0.84% of their portfolio | 24.1m $1.1bn | Reduced -141.4k |
| ValueAct Holdings, L.P. 20.73% of their portfolio | 23.7m $1.1bn | Reduced -2.8m |
| AKRE CAPITAL MANAGEMENT LLC 6.34% of their portfolio | 15.1m $701.1m | Reduced -350.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.38% of their portfolio | 12.9m $597.8m | Added +48.0k |
| STATE STREET CORP 0.03% of their portfolio | 10.8m $501.2m | Reduced -472.0k |
| Capital World Investors 0.11% of their portfolio | 10.6m $493.7m | Added +1.5k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 2.18% of their portfolio | 10.3m $480.1m | Reduced -520.5k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.16% of their portfolio | 10.0m $462.7m | Reduced -231.3k |
| Vulcan Value Partners, LLC 5.58% of their portfolio | 8.9m $415.2m | Reduced -1.9m |
| Invesco Ltd. 0.10% of their portfolio | 7.7m $357.3m | Added +3.8m |
| GEODE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio | 7.4m $344.9m | Added +197.0k |
| FIRST MANHATTAN CO. LLC. 1.20% of their portfolio | 7.0m $326.9m | Added +87.2k |
| BANK OF AMERICA CORP /DE/ 0.04% of their portfolio | 6.9m $320.6m | Reduced -1.1m |
| GOLDMAN SACHS GROUP INC 0.09% of their portfolio | 6.5m $302.4m | Reduced -100.4k |
| JENNISON ASSOCIATES LLC 0.30% of their portfolio | 6.5m $300.2m | Reduced -3.4m |
| FMR LLC 0.03% of their portfolio | 6.2m $288.3m | Added +582.8k |
| NORGES BANK 0.06% of their portfolio | 5.6m $258.7m | Reduced -356.7k |
| Legal & General Group Plc 0.09% of their portfolio | 5.3m $243.8m | Reduced -315.8k |
| Egerton Capital (UK) LLP 1.76% of their portfolio | 4.4m $204.6m | Reduced -355.2k |
| MORGAN STANLEY 0.02% of their portfolio | 4.3m $201.8m | Added +516.8k |
| NORTHERN TRUST CORP 0.04% of their portfolio | 3.9m $182.2m | Reduced -195.2k |
| CITADEL ADVISORS LLC 0.19% of their portfolio | 3.6m $167.7m | Added +1.4m |
| BROWN ADVISORY INC 0.29% of their portfolio | 3.3m $154.3m | Added +527.0k |
| Blacksheep Fund Management Ltd 34.89% of their portfolio | 3.2m $149.3m | Reduced -246.7k |
| CI INVESTMENTS INC. 0.71% of their portfolio | 3.0m $139.5m | Reduced -392.8k |
| WOLVERINE TRADING, LLC 2.25% of their portfolio | 2.8m $131.8m | New |
| Bank of New York Mellon Corp 0.03% of their portfolio | 2.4m $110.3m | Reduced -69.4k |
| MACQUARIE GROUP LTD 0.12% of their portfolio | 2.3m $104.5m | Added +76.8k |
| LORD, ABBETT & CO. LLC 0.19% of their portfolio | 2.2m $103.5m | Added +62.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 2.0m $95.0m | Added +81.1k |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 1.9m $88.8m | Reduced -214.0k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.93% of their portfolio | 1.8m $85.6m | Reduced -22.0k |
| PUTNAM INVESTMENTS LLC 0.14% of their portfolio | 1.8m $81.4m | Added +97.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio | 1.7m $78.6m | Reduced -123.9k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.7m $77.9m | Reduced -185.6k |
| Nuveen Asset Management, LLC 0.03% of their portfolio | 1.7m $76.7m | Reduced -205.5k |
| AMERIPRISE FINANCIAL INC 0.03% of their portfolio | 1.6m $75.6m | Added +6.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.06% of their portfolio | 1.5m $71.9m | Reduced -15.3k |
| FEDERATED HERMES, INC. 0.19% of their portfolio | 1.5m $68.6m | Reduced -815.6k |
| Markel Group Inc. 0.89% of their portfolio | 1.4m $66.2m | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 1.4m $63.7m | Reduced -169.3k |
| California Public Employees Retirement System 0.05% of their portfolio | 1.3m $58.7m | Reduced -45.9k |
| CREDIT SUISSE AG/ 0.06% of their portfolio | 1.2m $56.3m | Reduced -42.8k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 1.2m $56.1m | Reduced -144.1k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 1.2m $55.9m | Added +601.0k |
| TD Asset Management Inc 0.06% of their portfolio | 1.1m $52.5m | Reduced -30.1k |
| ALKEON CAPITAL MANAGEMENT LLC 0.38% of their portfolio | 1.1m $50.9m | Reduced -168.8k |
| River Road Asset Management, LLC 0.69% of their portfolio | 1.1m $50.5m | Added +139.8k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 1.1m $50.1m | Reduced -1.3m |
| Epoch Investment Partners, Inc. 0.30% of their portfolio | 1.1m $50.0m | Reduced -653.4k |
| Amundi 0.03% of their portfolio | 1.0m $54.6m | Reduced -67.9k |
| Clearbridge Investments, LLC 0.05% of their portfolio | 1.0m $47.8m | Added +100 |
| RAYMOND JAMES & ASSOCIATES 0.04% of their portfolio | 1.0m $46.9m | Reduced -84.7k |
| LGT CAPITAL PARTNERS LTD. 1.37% of their portfolio | 1.0m $46.9m | Added +30.5k |
| Zurich Insurance Group Ltd/FI 0.65% of their portfolio | 986.3k $45.8m | Added +108.3k |
| ARIEL INVESTMENTS, LLC 0.46% of their portfolio | 981.8k $45.6m | Reduced -2.4m |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.07% of their portfolio | 944.3k $43.8m | Added +11.0k |
| Holocene Advisors, LP 0.27% of their portfolio | 934.8k $43.4m | Reduced -404.9k |
| BARCLAYS PLC 0.04% of their portfolio | 921.2k $42.8m | First filing |
| Border to Coast Pensions Partnership Ltd 1.37% of their portfolio | 917.8k $42.6m | Reduced -100.0k |
| Hudson Way Capital Management LLC 10.77% of their portfolio | 897.7k $41.7m | Reduced -160.0k |
| GABELLI FUNDS LLC 0.31% of their portfolio | 867.2k $40.3m | Reduced -1.9k |
| TWINBEECH CAPITAL LP 0.75% of their portfolio | 855.6k $39.7m | Added +618.1k |
| Partners Group Holding AG 2.81% of their portfolio | 791.3k $36.7m | Reduced -69.0k |
| National Pension Service 0.07% of their portfolio | 776.7k $36.1m | Added +13.3k |
| Enstar Group LTD 9.49% of their portfolio | 732.3k $34.0m | Unchanged |
| Mariner, LLC 0.11% of their portfolio | 728.5k $33.8m | Reduced -397 |
| UBS Group AG 0.02% of their portfolio | 718.1k $33.3m | Added +75.9k |
| STRS OHIO 0.14% of their portfolio | 684.0k $31.8m | Reduced -203.2k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 670.3k $31.1m | Reduced -314.8k |
| Greenhaven Road Investment Management, L.P. 19.82% of their portfolio | 661.7k $30.7m | Reduced -38.3k |
| Private Capital Management, LLC 4.15% of their portfolio | 655.9k $30.4m | Added +315 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.15% of their portfolio | 641.7k $29.8m | Added +492.7k |
| Assenagon Asset Management S.A. 0.12% of their portfolio | 640.2k $29.7m | Added +501.4k |
| KIZE CAPITAL LP 12.36% of their portfolio | 636.2k $29.5m | New |
| RHUMBLINE ADVISERS 0.04% of their portfolio | 615.6k $28.6m | Added +35.2k |
| MEITAV INVESTMENT HOUSE LTD 0.49% of their portfolio | 605.5k $28.4m | Added +121.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.04% of their portfolio | 604.1k $28.0m | Reduced -93 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.07% of their portfolio | 601.7k $27.9m | Reduced -15.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 598.4k $27.8m | Reduced -11.9k |
| LAKEWOOD CAPITAL MANAGEMENT, LP 2.32% of their portfolio | 562.1k $26.1m | Added +118.4k |
| APG Asset Management N.V. 0.05% of their portfolio | 560.7k $26.0m | Added +33.1k |
| JACKSON HILL ADVISORS, LLC 11.77% of their portfolio | 556.0k $25.8m | Added +239.8k |
| Balyasny Asset Management L.P. 0.08% of their portfolio | 498.0k $23.1m | Added +484.1k |
| Point72 Asset Management, L.P. 0.08% of their portfolio | 477.3k $22.2m | Added +131.3k |
| CANADA LIFE ASSURANCE Co 0.06% of their portfolio | 465.9k $21.8m | Added +55.9k |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.12% of their portfolio | 465.5k $21.6m | Added +4.5k |
| AVIVA PLC 0.10% of their portfolio | 427.5k $19.8m | Added +82.0k |
| Junto Capital Management LP 0.56% of their portfolio | 426.1k $19.8m | Reduced -490.2k |
| NATIXIS ADVISORS, LLC 0.07% of their portfolio | 410.2k $19.0m | Added +75.6k |
| STIFEL FINANCIAL CORP 0.03% of their portfolio | 371.5k $17.2m | Reduced -9.2k |
| GAMCO INVESTORS, INC. ET AL 0.18% of their portfolio | 369.3k $17.1m | Reduced -12.0k |
| Korea Investment CORP 0.05% of their portfolio | 353.6k $16.4m | Added +1.5k |
| SEI INVESTMENTS CO 0.04% of their portfolio | 353.5k $16.4m | Added +112.3k |
| PARTNERS CAPITAL INVESTMENT GROUP, LLP 0.78% of their portfolio | 351.4k $16.3m | Reduced -83.4k |