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 ($54.0m this quarter). Holder counts are more reliable. Shares outstanding: 857.7m as of 2023-08-07, 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 ≈ $55.85. Options: 24 managers hold calls ($267.4m notional), 19 hold puts ($129.5m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 710 |
| Q4 2022 | 729 |
| Q1 2023 | 742 |
| Q2 2023 | 759 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 312 | 324 |
| Q1 2023 | 312 | 336 |
| Q2 2023 | 312 | 334 |
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 |
| Q1 2023 | $160.5m | $188.9m | 1.18 |
| Q2 2023 | $267.4m | $129.5m | 0.48 |
Biggest buyers
| Darsana Capital Partners LP | New | +4.0m |
| HARRIS ASSOCIATES L P | Added | +2.5m |
| BlackRock Inc. | Added | +1.9m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.6m |
| Invesco Ltd. | Added | +1.6m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +1.0m |
| NORGES BANK | Added | +893.0k |
| MEITAV INVESTMENT HOUSE LTD | Added | +871.7k |
| Junto Capital Management LP | Added | +740.3k |
| STATE STREET CORP | Added | +651.9k |
Biggest sellers
| FMR LLC | Reduced | -6.5m |
| T. Rowe Price Investment Management, Inc. | Reduced | -3.6m |
| CITADEL ADVISORS LLC | Reduced | -3.6m |
| Egerton Capital (UK) LLP | Reduced | -2.4m |
| STRS OHIO | Reduced | -2.2m |
| Capital International Investors | Reduced | -2.1m |
| GOLDMAN SACHS GROUP INC | Reduced | -1.8m |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Sold out | -1.2m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | -1.0m |
| BANK OF AMERICA CORP /DE/ | Reduced | -832.3k |
Biggest calls
| UBS Group AG | Added | $57.8m1.0m shares |
| Twin Tree Management, LP | Added | $38.6m688.6k shares |
| CITADEL ADVISORS LLC | Reduced | $27.2m485.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $25.7m458.3k shares |
| Governors Lane LP | New | $23.2m414.0k shares |
| JANE STREET GROUP, LLC | Added | $18.2m324.2k shares |
| WOLVERINE TRADING, LLC | New | $12.2m217.7k shares |
| GROUP ONE TRADING LLC | Reduced | $12.0m214.0k shares |
| Walleye Trading LLC | Reduced | $10.6m188.5k shares |
| Squarepoint Ops LLC | Added | $8.8m158.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $20.4m364.0k shares |
| CITADEL ADVISORS LLC | Reduced | $15.8m282.4k shares |
| GOLDMAN SACHS GROUP INC | Added | $15.7m281.1k shares |
| Saba Capital Management, L.P. | New | $14.6m260.0k shares |
| Squarepoint Ops LLC | Added | $10.2m182.1k shares |
| JANE STREET GROUP, LLC | Reduced | $9.4m168.7k shares |
| GROUP ONE TRADING LLC | Reduced | $7.0m125.3k shares |
| TWO SIGMA INVESTMENTS, LP | Unchanged | $6.2m111.6k shares |
| PEAK6 Investments LLC | Added | $6.0m107.6k shares |
| Twin Tree Management, LP | Reduced | $5.7m101.2k 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 Q2 2023
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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q1 2023 | 0 | — | 1 | $2.2m | — |
| Q2 2023 | 0 | — | 0 | — | — |
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| Capital International Investors 0.54% of their portfolio | 39.7m $2.2bn | Reduced -2.1m |
| VANGUARD GROUP INC 0.05% of their portfolio | 39.5m $2.2bn | Added +40.9k |
| BlackRock Inc. 0.06% of their portfolio | 36.7m $2.1bn | Added +1.9m |
| HARRIS ASSOCIATES L P 3.07% of their portfolio | 29.2m $1.6bn | Added +2.5m |
| PRINCIPAL FINANCIAL GROUP INC 0.93% of their portfolio | 24.2m $1.4bn | Reduced -709.4k |
| T. Rowe Price Investment Management, Inc. 0.87% of their portfolio | 22.9m $1.3bn | Reduced -3.6m |
| ValueAct Holdings, L.P. 17.88% of their portfolio | 20.5m $1.1bn | Unchanged |
| AKRE CAPITAL MANAGEMENT LLC 7.11% of their portfolio | 15.2m $853.1m | Added +57.5k |
| Invesco Ltd. 0.19% of their portfolio | 13.1m $732.5m | Added +1.6m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.40% of their portfolio | 12.8m $718.1m | Reduced -1.0m |
| STATE STREET CORP 0.03% of their portfolio | 11.7m $654.5m | Added +651.9k |
| Capital World Investors 0.11% of their portfolio | 10.7m $597.8m | Added +279.1k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.19% of their portfolio | 10.1m $564.7m | Added +130.6k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 2.41% of their portfolio | 9.6m $536.5m | Reduced -155.9k |
| FIRST MANHATTAN CO. LLC. 1.77% of their portfolio | 8.7m $483.7m | Added +322.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio | 8.2m $455.8m | Added +455.4k |
| Vulcan Value Partners, LLC 5.65% of their portfolio | 8.0m $450.2m | Reduced -377.1k |
| BANK OF AMERICA CORP /DE/ 0.05% of their portfolio | 7.4m $416.8m | Reduced -832.3k |
| NORGES BANK 0.08% of their portfolio | 7.1m $395.1m | Added +893.0k |
| LONE PINE CAPITAL LLC 3.37% of their portfolio | 6.6m $367.6m | Unchanged |
| FMR LLC 0.03% of their portfolio | 6.5m $366.6m | Reduced -6.5m |
| Legal & General Group Plc 0.10% of their portfolio | 5.4m $304.9m | Added +115.2k |
| MORGAN STANLEY 0.02% of their portfolio | 4.2m $232.7m | Added +169.3k |
| Darsana Capital Partners LP 14.45% of their portfolio | 4.0m $224.0m | New |
| NORTHERN TRUST CORP 0.04% of their portfolio | 4.0m $222.5m | Added +123.7k |
| BROWN ADVISORY INC 0.29% of their portfolio | 3.3m $182.6m | Reduced -1.8k |
| LORD, ABBETT & CO. LLC 0.25% of their portfolio | 2.6m $143.3m | Added +6.5k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 2.56% of their portfolio | 2.5m $142.3m | Added +273.3k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 2.4m $131.9m | Added +46.5k |
| CI INVESTMENTS INC. 0.65% of their portfolio | 2.3m $129.8m | Reduced -619.0k |
| Blacksheep Fund Management Ltd 40.92% of their portfolio | 2.3m $128.7m | Unchanged |
| EMINENCE CAPITAL, LP 2.25% of their portfolio | 2.2m $125.1m | Reduced -385.9k |
| Nuveen Asset Management, LLC 0.04% of their portfolio | 2.2m $122.4m | Added +552.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 2.2m $121.7m | Added +74.4k |
| Junto Capital Management LP 2.76% of their portfolio | 1.9m $108.9m | Added +740.3k |
| MILLENNIUM MANAGEMENT LLC 0.11% of their portfolio | 1.9m $108.4m | Added +1.6m |
| SAMLYN CAPITAL, LLC 1.84% of their portfolio | 1.9m $105.8m | Reduced -104.2k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.8m $102.3m | Added +279.1k |
| AMERIPRISE FINANCIAL INC 0.03% of their portfolio | 1.8m $101.5m | Added +144.1k |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 1.8m $98.5m | Reduced -141.2k |
| MEITAV INVESTMENT HOUSE LTD 0.79% of their portfolio | 1.7m $97.9m | Added +871.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio | 1.7m $90.4m | Unchanged |
| MACQUARIE GROUP LTD 0.11% of their portfolio | 1.7m $93.5m | Reduced -651.4k |
| PUTNAM INVESTMENTS LLC 0.13% of their portfolio | 1.6m $87.4m | Reduced -21.8k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 1.5m $84.7m | Reduced -1.8m |
| Sumitomo Mitsui Trust Group, Inc. 0.06% of their portfolio | 1.5m $81.5m | Reduced -84.5k |
| Egerton Capital (UK) LLP 0.84% of their portfolio | 1.5m $81.3m | Reduced -2.4m |
| Markel Group Inc. 0.97% of their portfolio | 1.4m $81.1m | Added +22.0k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 1.3m $71.6m | Added +1.0m |
| CREDIT SUISSE AG/ 0.07% of their portfolio | 1.2m $67.0m | Added +16.9k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 1.2m $66.0m | Added +11.8k |
| BARCLAYS PLC 0.04% of their portfolio | 1.2m $65.1m | Added +372.1k |
| Zurich Insurance Group Ltd/FI 0.68% of their portfolio | 1.2m $65.1m | Reduced -93.6k |
| California Public Employees Retirement System 0.05% of their portfolio | 1.1m $62.8m | Added +30.8k |
| Amundi 0.03% of their portfolio | 1.1m $59.6m | Reduced -7.1k |
| RAYMOND JAMES & ASSOCIATES 0.05% of their portfolio | 1.0m $58.7m | Added +19.5k |
| Balyasny Asset Management L.P. 0.16% of their portfolio | 1.0m $58.3m | Added +76.1k |
| TD Asset Management Inc 0.07% of their portfolio | 1.0m $58.1m | Reduced -22.8k |
| Clearbridge Investments, LLC 0.05% of their portfolio | 1.0m $58.0m | Added +88.7k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.53% of their portfolio | 995.0k $55.7m | Added +44.9k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.08% of their portfolio | 991.2k $55.5m | Added +55.5k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 981.5k $57.6m | Reduced -155.5k |
| National Pension Service 0.09% of their portfolio | 957.4k $53.6m | Added +237.1k |
| Hudson Way Capital Management LLC 10.00% of their portfolio | 952.4k $53.3m | Added +73.0k |
| ARIEL INVESTMENTS, LLC 0.47% of their portfolio | 886.2k $49.6m | Reduced -92.8k |
| LGT CAPITAL PARTNERS LTD. 1.71% of their portfolio | 882.0k $49.4m | Reduced -50.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 878.2k $49.2m | Reduced -232.5k |
| GABELLI FUNDS LLC 0.37% of their portfolio | 863.8k $48.4m | Reduced -2.7k |
| ALKEON CAPITAL MANAGEMENT LLC 0.27% of their portfolio | 818.1k $45.8m | Reduced -116.9k |
| RHUMBLINE ADVISERS 0.05% of their portfolio | 782.0k $43.8m | Added +178.6k |
| Partners Group Holding AG 3.51% of their portfolio | 753.6k $42.2m | Reduced -29.3k |
| Enstar Group LTD 12.28% of their portfolio | 732.3k $41.0m | Unchanged |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 705.5k $39.5m | Reduced -14.4k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 701.4k $39.3m | Added +144.7k |
| STRS OHIO 0.16% of their portfolio | 685.0k $38.4m | Reduced -2.2m |
| Private Capital Management, LLC 4.58% of their portfolio | 675.9k $37.8m | Reduced -16.7k |
| Mariner, LLC 0.10% of their portfolio | 664.7k $37.2m | Reduced -45.0k |
| LAKEWOOD CAPITAL MANAGEMENT, LP 3.14% of their portfolio | 647.1k $36.2m | Reduced -25.0k |
| Greenhaven Road Investment Management, L.P. 18.32% of their portfolio | 645.7k $361.6k | Reduced -16.0k |
| Korea Investment CORP 0.10% of their portfolio | 638.5k $35.8m | Added +340.8k |
| River Road Asset Management, LLC 0.48% of their portfolio | 626.5k $35.1m | Reduced -390.9k |
| Holocene Advisors, LP 0.15% of their portfolio | 615.0k $34.4m | Reduced -102.3k |
| Corvex Management LP 1.88% of their portfolio | 607.4k $34.0m | New |
| Border to Coast Pensions Partnership Ltd 0.83% of their portfolio | 592.8k $33.2m | Reduced -25.0k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.07% of their portfolio | 591.3k $33.1m | Reduced -10.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.04% of their portfolio | 588.5k $33.0m | Added +46.1k |
| NATIXIS ADVISORS, LLC 0.10% of their portfolio | 558.1k $31.3m | Added +130.4k |
| UBS Group AG 0.01% of their portfolio | 530.0k $29.7m | Reduced -7.0k |
| TIGER GLOBAL MANAGEMENT LLC 0.24% of their portfolio | 511.0k $28.6m | Unchanged |
| Governors Lane LP 6.72% of their portfolio | 497.0k $27.8m | New |
| Triple Frond Partners LLC 3.56% of their portfolio | 493.7k $27.6m | Unchanged |
| Point72 Asset Management, L.P. 0.09% of their portfolio | 441.9k $24.7m | Reduced -249.0k |
| KIZE CAPITAL LP 11.89% of their portfolio | 426.2k $23.9m | Reduced -210.0k |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.13% of their portfolio | 421.7k $23.6m | Reduced -26.9k |
| STIFEL FINANCIAL CORP 0.03% of their portfolio | 420.9k $23.6m | Added +5.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 387.4k $21.7m | Reduced -31.4k |
| Voss Capital, LP 2.60% of their portfolio | 385.0k $21.6m | Added +70.0k |
| CANADA LIFE ASSURANCE Co 0.05% of their portfolio | 379.8k $21.4m | Reduced -36.9k |
| GAMCO INVESTORS, INC. ET AL 0.22% of their portfolio | 379.6k $21.3m | Added +10.0k |
| IRIDIAN ASSET MANAGEMENT LLC/CT 1.91% of their portfolio | 366.7k $20.5m | Reduced -9.5k |