Vault-13

KKR & CO INC KKR 6 09.15.23 C

6% MCONV PFD C · PUBLIC · CUSIP 48251W401

62 institutional holders +0 vs Q1 2023
23,531,01023.5m shares reported held*
$1.3bnreported value*
10 new 12 added 31 reduced 11 sold out net sold ≈ $73.0m (+194.9k shares)

* 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. Holder counts are more reliable. Implied quarter-end price ≈ $56.36. Options: 0 managers hold calls (— notional), 1 hold puts ($79.4m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 65Q4 22: 68Q1 23: 62Q2 23: 6262Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202265
Q4 202268
Q1 202362
Q2 202362

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
50050Q4 22: 32 bought or addedQ4 22: 34 cut or sold outQ4 22Q1 23: 24 bought or addedQ1 23: 32 cut or sold outQ1 23Q2 23: 22 bought or addedQ2 23: 42 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20223234
Q1 20232432
Q2 20232242

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$20m$40m$60m$80mQ3 22 calls: $0Q3 22 puts: $0Q3 22P/C —Q4 22 calls: $0Q4 22 puts: $0Q4 22P/C —Q1 23 calls: $0Q1 23 puts: $0Q1 23P/C —Q2 23 calls: $0Q2 23 puts: $79.4mQ2 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$0—
Q4 2022$0$0—
Q1 2023$0$0—
Q2 2023$0$79.4m—

Biggest buyers

ADVENT CAPITAL MANAGEMENT /DE/ New +1,072,349+1.1m
VOYA INVESTMENT MANAGEMENT LLC Added +737,000+737.0k
LORD, ABBETT & CO. LLC New +408,456+408.5k
Russell Investments Group, Ltd. Added +156,750+156.8k
BlackRock Inc. Added +149,803+149.8k
CSS LLC/IL New +115,474+115.5k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +106,256+106.3k
STATE STREET CORP Added +92,000+92.0k
Skaana Management L.P. Added +83,710+83.7k
CITIGROUP INC Added +69,785+69.8k

Biggest sellers

ADVENT CAPITAL MANAGEMENT /DE/ Sold out -1,007,881-1.0m
TWO SIGMA INVESTMENTS, LP Reduced -956,940-956.9k
Shaolin Capital Management LLC Sold out -624,425-624.4k
Aequim Alternative Investments LP Sold out -250,000-250.0k
JPMORGAN CHASE & CO Reduced -248,027-248.0k
FMR LLC Reduced -144,100-144.1k
Nicholas Investment Partners, LP Sold out -136,790-136.8k
AEGON USA Investment Management, LLC Reduced -112,200-112.2k
NEUBERGER BERMAN GROUP LLC Reduced -110,889-110.9k
PIER 88 INVESTMENT PARTNERS LLC Sold out -77,700-77.7k

Biggest calls

None

Biggest puts

Shaolin Capital Management LLC New $79.4m1.2m 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.

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.28% of their portfolio ATLANTA, GA 4,085,2104.1m $270.0m $270.0m 0.28% Added +737.0k +737,000
2 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 3,535,1503.5m $4.7m $4.7m 0.01% Added +156.8k +156,750
3 Capital World Investors 0.03% of their portfolio LOS ANGELES, CA 2,353,1242.4m $155.5m $155.5m 0.03% Unchanged
4 BlackRock Inc. 0.00% of their portfolio New York, NY 1,903,3591.9m $125.8m $125.8m 0.00% Added +149.8k +149,803
5 FRANKLIN RESOURCES INC 0.06% of their portfolio San Mateo, CA 1,859,7371.9m $122.9m $122.9m 0.06% Reduced -975 -975
6 Capital International Investors 0.03% of their portfolio Los Angeles, CA 1,845,3181.8m $122.0m $122.0m 0.03% Unchanged
7 VICTORY CAPITAL MANAGEMENT INC 0.10% of their portfolio San Antonio, TX 1,441,6501.4m $95.3m $95.3m 0.10% Reduced -66.2k -66,183
8 ADVENT CAPITAL MANAGEMENT /DE/ 1.42% of their portfolio NEW YORK, NY 1,072,3491.1m $71.0m $71.0m 1.42% New
9 MacKay Shields LLC 1.13% of their portfolio New York, NY 608,607608.6k $40.3m $40.3m 1.13% Reduced -6.3k -6,327
10 Calamos Advisors LLC 0.18% of their portfolio NAPERVILLE, IL 542,397542.4k $35.9m $35.9m 0.18% Reduced -1.1k -1,062
11 Clearbridge Investments, LLC 0.03% of their portfolio NEW YORK, NY 504,556504.6k $33.4m $33.4m 0.03% Reduced -670 -670
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 489,647489.6k $32.3m $32.3m 0.00% Added +92.0k +92,000
13 Thrivent Financial for Lutherans 0.06% of their portfolio Minneapolis, MN 409,235409.2k $27.0m $27.0m 0.06% Added +12.0k +12,000
14 LORD, ABBETT & CO. LLC 0.05% of their portfolio JERSEY CITY, NJ 408,456408.5k $27.0m $27.0m 0.05% New
15 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 230,397230.4k $15.2m $15.2m 0.00% Added +34.4k +34,353
16 TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio NEW YORK, NY 229,769229.8k $15.2m $15.2m 0.04% Reduced -956.9k -956,940
17 Alberta Investment Management Corp 0.14% of their portfolio EDMONTON, A0 225,000225.0k $14.9m $14.9m 0.14% Reduced -50.0k -50,000
18 SSI INVESTMENT MANAGEMENT LLC 0.92% of their portfolio Los Angeles, CA 199,102199.1k $13.1m $13.1m 0.92% Reduced -12.2k -12,230
19 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 180,100180.1k $11.9m $11.9m 0.00% Reduced -53 -53
20 FMR LLC 0.00% of their portfolio BOSTON, MA 144,100144.1k $9.5m $9.5m 0.00% Reduced -144.1k -144,100
21 PUTNAM INVESTMENTS LLC 0.01% of their portfolio BOSTON, MA 139,192139.2k $9.2m $9.2m 0.01% Reduced -13.7k -13,721
22 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 116,198116.2k $7.7m $7.7m 0.01% Added +69.8k +69,785
23 CSS LLC/IL 0.59% of their portfolio CHICAGO, IL 115,474115.5k $7.6m $7.6m 0.59% New
24 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 106,256106.3k $7.0m $7.0m 0.01% New
25 Skaana Management L.P. 1.78% of their portfolio BROOKLYN, NY 91,71191.7k $6.1m $6.1m 1.78% Added +83.7k +83,710
26 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 86,51786.5k $5.7m $5.7m 0.00% Reduced -11.5k -11,514
27 Penserra Capital Management LLC 0.10% of their portfolio ORINDA, CA 80,12880.1k $5.3m $5.3m 0.10% Added +1.0k +1,044
28 AEGON USA Investment Management, LLC 2.22% of their portfolio CEDAR RAPIDS, IA 58,20058.2k $3.9m $3.9m 2.22% Reduced -112.2k -112,200
29 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 55,87055.9k $3.7m $3.7m 0.00% Reduced -110.9k -110,889
30 LAFFER TENGLER INVESTMENTS, INC. 0.96% of their portfolio Scottsdale, AZ 54,50654.5k $3.6m $3.6m 0.96% Reduced -2.4k -2,384
31 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 51,70251.7k $3.4m $3.4m 0.00% Reduced -248.0k -248,027
32 BROWN ADVISORY INC 0.00% of their portfolio BALTIMORE, MD 38,11538.1k $2.5m $2.5m 0.00% Reduced -482 -482
33 Mariner, LLC 0.01% of their portfolio Overland Park, KS 36,60036.6k $2.4m $2.4m 0.01% Reduced -3.3k -3,300
34 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 36,24936.2k $2.4m $2.4m 0.00% Added +27.2k +27,222
35 FIRST MANHATTAN CO. LLC. 0.01% of their portfolio NEW YORK, NY 30,25530.3k $2.0m $2.0m 0.01% Reduced -3.0k -3,000
36 PALISADE CAPITAL MANAGEMENT, LP 0.05% of their portfolio FORT LEE, NJ 29,54429.5k $2.0m $2.0m 0.05% Reduced -17.5k -17,532
37 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 26,99027.0k $1.8m $1.8m 0.00% Added +19.9k +19,862
38 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 24,30424.3k $1.6m $1.6m 0.00% Reduced -187 -187
39 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 15,93015.9k $1.1m $1.1m 0.00% Reduced -172 -172
40 MOODY LYNN LIEBERSON & WALKER, LLC 0.07% of their portfolio BOSTON, MA 13,58513.6k $898.0k $898.0k 0.07% Reduced -14 -14
41 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 10,00010.0k $661.0k $661.0k 0.00% Reduced -10.0k -10,000
42 Calamos Wealth Management LLC 0.04% of their portfolio NAPERVILLE, IL 9,0869.1k $600.6k $600.6k 0.04% Reduced -654 -654
43 COMERICA BANK 0.00% of their portfolio DALLAS, TX 8,9729.0k $0 $0 0.00% First filing
44 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 8,6418.6k $569.2k $569.2k 0.00% Reduced -70.2k -70,171
45 FIRST HAWAIIAN BANK 0.01% of their portfolio HONOLULU, HI 5,8405.8k $386.0k $386.0k 0.01% Unchanged
46 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 5,6655.7k $374.0k $374.0k 0.00% Reduced -438 -438
47 Capital International, Inc./CA/ 0.01% of their portfolio Los Angeles, CA 4,3004.3k $284.2k $284.2k 0.01% New
48 Alterity Financial Group, LLC 0.39% of their portfolio BANGOR, ME 4,0504.0k $267.7k $267.7k 0.39% Unchanged
49 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 1,4501.4k $95.0k $95.0k 0.00% New
50 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 1,1731.2k $77.5k $77.5k 0.00% Unchanged
51 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 1,1001.1k $72.7k $72.7k 0.00% Unchanged
52 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 482482 $31.9k $31.9k 0.00% Reduced -4.8k -4,808
53 PRIVATE TRUST CO NA 0.00% of their portfolio CLEVELAND, OH 372372 $24.6k $24.6k 0.00% Reduced -6 -6
54 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 338338 $22.3k $22.3k 0.00% Reduced -1.7k -1,677
55 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 188188 $12.4k $12.4k 0.00% Unchanged
56 Elequin Capital, LP 0.00% of their portfolio NEW YORK, NY 100100 $6.6k $6.6k 0.00% New
57 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 9494 $6.2k $6.2k 0.00% New
58 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 8989 $5.9k $5.9k 0.00% Added +81 +81
59 CWM, LLC 0.00% of their portfolio OMAHA, NE 8787 $6.0k $6.0k 0.00% New
60 Tradition Wealth Management, LLC 0.00% of their portfolio EDINA, MN 4040 $3.0k $3.0k 0.00% New
61 UBS Group AG 0.00% of their portfolio ZURICH, V8 1919 $1.3k $1.3k 0.00% Reduced -390 -390
62 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged