KADANT INC KAI
COM · Common Stock · CUSIP 48282T104 · ISIN US48282T1043
US-based paper company
- SectorIndustrials
- IndustrySpecial Industry Machinery (No Metalworking Machinery)
- HeadquartersWestford, MA
- Founded1991
- FilingsSEC EDGAR
* 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 ($2.8m this quarter). Holder counts are more reliable. Shares outstanding: 11.8m as of 2026-05-01, 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 ≈ $292.43. Options: 6 managers hold calls ($3.6m notional), 2 hold puts ($1.3m).
Trends to Q1 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 181 |
| Q4 2022 | 190 |
| Q1 2023 | 203 |
| Q2 2023 | 193 |
| Q3 2023 | 208 |
| Q4 2023 | 238 |
| Q1 2024 | 261 |
| Q2 2024 | 258 |
| Q3 2024 | 282 |
| Q4 2024 | 292 |
| Q1 2025 | 315 |
| Q2 2025 | 316 |
| Q3 2025 | 318 |
| Q4 2025 | 304 |
| Q1 2026 | 321 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 138 | 110 |
| Q3 2024 | 130 | 113 |
| Q4 2024 | 113 | 136 |
| Q1 2025 | 157 | 130 |
| Q2 2025 | 158 | 149 |
| Q3 2025 | 129 | 156 |
| Q4 2025 | 127 | 167 |
| Q1 2026 | 173 | 123 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $3.0m | $2.2m | 0.71 |
| Q3 2025 | $2.9m | $2.0m | 0.69 |
| Q4 2025 | $3.0m | $997.6k | 0.33 |
| Q1 2026 | $3.6m | $1.3m | 0.35 |
Biggest buyers
| WASATCH ADVISORS LP | Added | +125.3k |
| Grandeur Peak Global Advisors, LLC | Added | +86.0k |
| RIVERBRIDGE PARTNERS LLC | Added | +76.4k |
| CITADEL ADVISORS LLC | Added | +66.5k |
| AMERIPRISE FINANCIAL INC | Added | +51.7k |
| JANUS HENDERSON GROUP PLC | Added | +45.1k |
| FIFTH THIRD BANCORP | Added | +33.6k |
| ROYCE & ASSOCIATES LP | Added | +33.0k |
| ENVESTNET ASSET MANAGEMENT INC | Added | +29.0k |
| GOLDMAN SACHS GROUP INC | Added | +28.1k |
Biggest sellers
| Capital World Investors | Reduced | -139.9k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | Reduced | -91.5k |
| T. Rowe Price Investment Management, Inc. | Sold out | -79.4k |
| Champlain Investment Partners, LLC | Reduced | -55.5k |
| Chevy Chase Trust Holdings, LLC | Reduced | -52.1k |
| BESSEMER GROUP INC | Reduced | -38.1k |
| BROWN ADVISORY INC | Reduced | -32.7k |
| NEUBERGER BERMAN GROUP LLC | Reduced | -32.5k |
| Handelsbanken Fonder AB | Reduced | -32.0k |
| Capital International Investors | Reduced | -29.6k |
Biggest calls
| D. E. Shaw & Co., Inc. | Added | $1.8m6.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $584.7k2.0k shares |
| IMC-Chicago, LLC | New | $438.5k1.5k shares |
| JANE STREET GROUP, LLC | New | $292.4k1.0k shares |
| CITADEL ADVISORS LLC | Reduced | $233.9k800 shares |
| SIMPLEX TRADING, LLC | Reduced | $233.9k800 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $818.6k2.8k shares |
| JANE STREET GROUP, LLC | New | $438.5k1.5k 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 |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-03-07 | 15.1% |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 13G · institution filed 2026-02-13 | 10.1% |
| WASATCH ADVISORS LP 13G · institution -1.4 pts · filed 2026-07-15 | 7.4% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 6.0% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.2% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q1 2026
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 |
|---|---|---|---|---|---|
| Q2 2024 | 0 | — | 1 | $310.5k | — |
| Q3 2024 | 0 | — | 6 | $7.5m | — |
| Q4 2024 | 0 | — | 5 | $1.0m | — |
| Q1 2025 | 0 | — | 2 | $3.1m | — |
| Q2 2025 | 0 | — | 1 | $480.0k | — |
| Q3 2025 | 0 | — | 2 | $385.3k | — |
| Q4 2025 | 0 | — | 2 | $591.8k | — |
| Q1 2026 | 0 | — | 0 | — | — |
None reported in Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 1.7m $507.7m | Added +561 |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 1.00% of their portfolio | 1.2m $339.6m | Reduced -27.5k |
| WASATCH ADVISORS LP 2.02% of their portfolio | 1.0m $303.6m | Added +125.3k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 701.9k $205.2m | First filing |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 529.0k $154.7m | First filing |
| STATE STREET CORP 0.00% of their portfolio | 460.5k $134.6m | Added +3.8k |
| Capital International Investors 0.03% of their portfolio | 447.8k $130.9m | Reduced -29.6k |
| NEUBERGER BERMAN GROUP LLC 0.08% of their portfolio | 369.5k $108.0m | Reduced -32.5k |
| Capital World Investors 0.01% of their portfolio | 354.9k $103.7m | Reduced -139.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 319.6k $93.5m | Added +5.1k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 278.5k $81.4m | Reduced -484 |
| RIVERBRIDGE PARTNERS LLC 1.80% of their portfolio | 252.2k $73.7m | Added +76.4k |
| ROYCE & ASSOCIATES LP 0.69% of their portfolio | 237.9k $69.6m | Added +33.0k |
| Conestoga Capital Advisors, LLC 1.23% of their portfolio | 209.9k $61.4m | Reduced -6.3k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.09% of their portfolio | 182.4k $53.3m | Reduced -91.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 174.8k $51.1m | Reduced -16.1k |
| BROWN ADVISORY INC 0.08% of their portfolio | 172.5k $50.4m | Reduced -32.7k |
| MORGAN STANLEY 0.00% of their portfolio | 163.2k $47.7m | Reduced -8.6k |
| BROWN BROTHERS HARRIMAN & CO 0.24% of their portfolio | 151.8k $44.4m | Reduced -3 |
| NORTHERN TRUST CORP 0.01% of their portfolio | 146.2k $42.7m | Added +57 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 135.1k $39.5m | Added +5.6k |
| Champlain Investment Partners, LLC 0.48% of their portfolio | 129.1k $37.7m | Reduced -55.5k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 129.0k $37.7m | Added +5.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 118.2k $34.6m | Added +21.0k |
| Grandeur Peak Global Advisors, LLC 7.78% of their portfolio | 113.6k $33.2m | Added +86.0k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 109.5k $31.9m | Added +7.2k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 104.3k $30.5m | Added +28.1k |
| FMR LLC 0.00% of their portfolio | 99.5k $29.1m | Reduced -492 |
| Select Equity Group, L.P. 0.14% of their portfolio | 88.6k $25.9m | Added +12.4k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 87.8k $27.6m | Added +379 |
| Legal & General Group Plc 0.01% of their portfolio | 87.0k $25.4m | Added +443 |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 86.7k $25.4m | Added +51.7k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 85.7k $25.1m | Reduced -3.4k |
| LOOMIS SAYLES & CO L P 0.03% of their portfolio | 85.6k $25.0m | Reduced -2.2k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 81.9k $23.9m | First filing |
| Bank of New York Mellon Corp 0.00% of their portfolio | 81.1k $23.7m | Reduced -1.5k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.06% of their portfolio | 78.1k $22.8m | Added +24.8k |
| DUDLEY & SHANLEY, INC. 3.62% of their portfolio | 75.7k $22.1m | Added +20.6k |
| Chevy Chase Trust Holdings, LLC 0.06% of their portfolio | 74.3k $21.7m | Reduced -52.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 72.6k $21.2m | Added +2.3k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 72.5k $21.2m | Added +66.5k |
| UBS Group AG 0.00% of their portfolio | 66.9k $19.6m | Reduced -15.8k |
| Amundi 0.01% of their portfolio | 65.1k $19.0m | Added +14.8k |
| Handelsbanken Fonder AB 0.06% of their portfolio | 61.1k $17.9m | Reduced -32.0k |
| Curi Capital, LLC 0.31% of their portfolio | 58.7k $17.2m | Added +863 |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 57.8k $16.9m | Added +29.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 57.6k $16.8m | Added +1.3k |
| JANUS HENDERSON GROUP PLC 0.01% of their portfolio | 56.2k $16.4m | Added +45.1k |
| Pictet Asset Management Holding SA 0.02% of their portfolio | 55.1k $16.1m | Added +11.8k |
| MetLife Investment Management, LLC 0.08% of their portfolio | 54.0k $15.8m | Reduced -2.4k |
| Aberdeen Group plc 0.02% of their portfolio | 48.9k $14.3m | Unchanged |
| DF DENT & CO INC 0.26% of their portfolio | 46.4k $13.6m | Reduced -1.2k |
| Allspring Global Investments Holdings, LLC 0.02% of their portfolio | 44.9k $13.0m | Reduced -3.9k |
| SOUTHERNSUN ASSET MANAGEMENT, LLC 1.82% of their portfolio | 43.0k $12.6m | Reduced -2.0k |
| Public Sector Pension Investment Board 0.04% of their portfolio | 42.1k $12.3m | Reduced -3.5k |
| Aptus Capital Advisors, LLC 0.10% of their portfolio | 41.5k $12.1m | Added +419 |
| BESSEMER GROUP INC 0.02% of their portfolio | 39.7k $11.6m | Reduced -38.1k |
| ArrowMark Colorado Holdings LLC 0.29% of their portfolio | 37.9k $11.1m | Added +6.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 37.1k $10.6m | Reduced -8.8k |
| EULAV Asset Management 0.34% of their portfolio | 35.8k $10.5m | Unchanged |
| FIFTH THIRD BANCORP 0.02% of their portfolio | 33.9k $9.9m | Added +33.6k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 33.8k $9.9m | Added +388 |
| Invesco Ltd. 0.00% of their portfolio | 33.5k $9.8m | Added +269 |
| PARADIGM CAPITAL MANAGEMENT INC/NY 0.33% of their portfolio | 29.8k $8.7m | Unchanged |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.10% of their portfolio | 28.5k $8.3m | Added +12.8k |
| CITIGROUP INC 0.00% of their portfolio | 26.8k $7.8m | Added +17 |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 26.3k $7.7m | Added +9.3k |
| Nuveen, LLC 0.00% of their portfolio | 25.5k $7.5m | Added +454 |
| Erste Asset Management GmbH 0.07% of their portfolio | 25.4k $7.2m | Added +11.5k |
| DekaBank Deutsche Girozentrale 0.01% of their portfolio | 23.5k $6.9m | Unchanged |
| Swiss National Bank 0.00% of their portfolio | 23.2k $6.8m | Unchanged |
| WCM INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio | 23.1k $6.6m | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 22.9k $6.7m | Added +1.1k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.25% of their portfolio | 22.5k $6.6m | New |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 20.9k $6.1m | Reduced -1.5k |
| ProShare Advisors LLC 0.01% of their portfolio | 20.6k $6.0m | Reduced -2.3k |
| B. Metzler seel. Sohn & Co. AG 0.05% of their portfolio | 17.8k $5.2m | Added +2.3k |
| REGIONS FINANCIAL CORP 0.03% of their portfolio | 16.9k $4.9m | Reduced -1.2k |
| Callan Family Office, LLC 0.10% of their portfolio | 14.6k $4.3m | Added +1.3k |
| KORNITZER CAPITAL MANAGEMENT INC /KS 0.09% of their portfolio | 14.5k $4.3m | Unchanged |
| Man Group plc 0.01% of their portfolio | 14.4k $4.2m | Reduced -18.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 14.1k $4.1m | Added +2.7k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio | 14.0k $4.1m | Reduced -4.5k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 13.4k $3.8m | Reduced -476 |
| Numerai GP LLC 0.39% of their portfolio | 13.4k $3.9m | Reduced -4.9k |
| Emerald Investment Advisers, LLC 0.35% of their portfolio | 13.2k $3.9m | First filing |
| GHP Investment Advisors, Inc. 0.15% of their portfolio | 12.4k $3.6m | Reduced -315 |
| Clean Yield Group 1.00% of their portfolio | 12.2k $3.6m | Added +373 |
| Holocene Advisors, LP 0.01% of their portfolio | 12.1k $3.5m | Added +8.4k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 12.0k $3.5m | Added +1.0k |
| MOUNTAIN PACIFIC INVESTMENT ADVISERS LLC 0.58% of their portfolio | 11.6k $3.4m | Added +204 |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 11.6k $3.4m | First filing |
| BLAIR WILLIAM & CO/IL 0.01% of their portfolio | 11.1k $3.3m | Reduced -141 |
| Baird Financial Group, Inc. 0.00% of their portfolio | 10.7k $3.1m | Reduced -1.2k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 10.6k $3.1m | Added +1.1k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 9.8k $2.9m | Reduced -598 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio | 9.4k $2.8m | New |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio | 8.9k $2.6m | Reduced -2.4k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 8.6k $2.5m | Added +903 |
| Creative Planning 0.00% of their portfolio | 8.5k $2.5m | Added +3.3k |