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 2026-07-31, 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 ≈ $314.32. Options: 6 managers hold calls ($3.6m notional), 3 hold puts ($1.7m).
Trends to Q2 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 |
| Q2 2026 | 324 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q2 2026 | 147 | 139 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $2.9m | $2.0m | 0.69 |
| Q4 2025 | $3.0m | $997.6k | 0.33 |
| Q1 2026 | $3.6m | $1.3m | 0.35 |
| Q2 2026 | $3.6m | $1.7m | 0.47 |
Biggest buyers
| GOLDMAN SACHS GROUP INC | Added | +213.2k |
| MORGAN STANLEY | Added | +185.6k |
| Grandeur Peak Global Advisors, LLC | Added | +97.4k |
| BlackRock, Inc. | Added | +62.1k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | Added | +29.0k |
| ROYCE & ASSOCIATES LP | Added | +27.8k |
| CITIGROUP INC | Added | +25.6k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +24.3k |
| STATE STREET CORP | Added | +22.4k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Added | +20.8k |
Biggest sellers
| WASATCH ADVISORS LP | Reduced | -169.9k |
| Capital World Investors | Reduced | -101.0k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | Reduced | -86.4k |
| NEUBERGER BERMAN GROUP LLC | Reduced | -81.1k |
| CITADEL ADVISORS LLC | Reduced | -71.7k |
| Conestoga Capital Advisors, LLC | Reduced | -59.7k |
| RIVERBRIDGE PARTNERS LLC | Reduced | -57.7k |
| AMERIPRISE FINANCIAL INC | Reduced | -56.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -22.6k |
| Champlain Investment Partners, LLC | Reduced | -21.8k |
Biggest calls
| D. E. Shaw & Co., Inc. | Reduced | $1.6m5.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.0m3.2k shares |
| JANE STREET GROUP, LLC | Added | $345.7k1.1k shares |
| CITADEL ADVISORS LLC | Added | $282.8k900 shares |
| IMC-Chicago, LLC | Reduced | $282.8k900 shares |
| SIMPLEX TRADING, LLC | Reduced | $62.8k200 shares |
Biggest puts
| JANE STREET GROUP, LLC | Added | $1.1m3.5k shares |
| CITADEL ADVISORS LLC | New | $314.2k1.0k shares |
| IMC-Chicago, LLC | New | $251.4k800 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 since 1 Apr 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2026 | 0 | — | 2 | $860.9k | — |
| Q3 2026 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-05-27 | KRAUSE STACY D. SVP, GC and Secretary | Sold | $410.0k1.2k shares |
| 2026-05-18 | Blanchard Thomas Andrew Vice President | Sold | $450.9k1.4k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 1.8m $565.2m | Added +62.1k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 1.05% of their portfolio | 1.1m $337.9m | Reduced -86.4k |
| WASATCH ADVISORS LP 1.79% of their portfolio | 868.7k $273.0m | Reduced -169.9k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 710.9k $223.4m | Added +8.9k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 532.3k $167.3m | Added +3.3k |
| STATE STREET CORP 0.00% of their portfolio | 482.9k $151.7m | Added +22.4k |
| Capital International Investors 0.03% of their portfolio | 454.6k $142.8m | Added +6.7k |
| MORGAN STANLEY 0.01% of their portfolio | 348.8k $109.6m | Added +185.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 343.9k $108.1m | Added +24.3k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 317.6k $99.8m | Added +213.2k |
| NEUBERGER BERMAN GROUP LLC 0.06% of their portfolio | 288.4k $90.6m | Reduced -81.1k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 287.2k $90.3m | Added +8.7k |
| ROYCE & ASSOCIATES LP 0.67% of their portfolio | 265.7k $83.5m | Added +27.8k |
| Capital World Investors 0.01% of their portfolio | 253.8k $79.8m | Reduced -101.0k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.10% of their portfolio | 211.4k $66.4m | Added +29.0k |
| Grandeur Peak Global Advisors, LLC 15.35% of their portfolio | 211.0k $66.3m | Added +97.4k |
| RIVERBRIDGE PARTNERS LLC 1.71% of their portfolio | 194.6k $61.1m | Reduced -57.7k |
| BROWN ADVISORY INC 0.08% of their portfolio | 158.4k $49.8m | Reduced -14.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 152.3k $47.9m | Reduced -22.6k |
| BROWN BROTHERS HARRIMAN & CO 0.21% of their portfolio | 151.8k $47.7m | Unchanged |
| Conestoga Capital Advisors, LLC 1.03% of their portfolio | 150.3k $47.2m | Reduced -59.7k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 148.1k $46.5m | Added +1.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 137.5k $43.2m | Added +2.3k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 129.5k $40.7m | Added +459 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 108.5k $36.4m | Added +20.8k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 108.2k $34.0m | Reduced -10.1k |
| Champlain Investment Partners, LLC 0.87% of their portfolio | 107.3k $33.7m | Reduced -21.8k |
| NORGES BANK 0.00% of their portfolio | 106.2k $33.4m | Not comparable |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 101.9k $32.0m | Reduced -7.5k |
| Select Equity Group, L.P. 0.17% of their portfolio | 101.6k $31.9m | Added +12.9k |
| FMR LLC 0.00% of their portfolio | 96.5k $30.3m | Reduced -3.0k |
| Legal & General Group Plc 0.01% of their portfolio | 91.6k $28.8m | Added +4.6k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 85.1k $26.7m | Added +3.1k |
| LOOMIS SAYLES & CO L P 0.03% of their portfolio | 83.9k $26.4m | Reduced -1.7k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 82.5k $25.9m | Added +1.4k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 81.7k $25.7m | Reduced -4.0k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.06% of their portfolio | 79.6k $25.0m | Added +1.5k |
| DUDLEY & SHANLEY, INC. 3.59% of their portfolio | 75.7k $23.8m | Unchanged |
| Amundi 0.00% of their portfolio | 65.0k $20.5m | Reduced -122 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 63.3k $19.9m | Reduced -9.3k |
| Chevy Chase Trust Holdings, LLC 0.05% of their portfolio | 63.3k $19.9m | Reduced -11.0k |
| Handelsbanken Fonder AB 0.06% of their portfolio | 61.8k $19.4m | Added +715 |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 57.7k $18.1m | Added +152 |
| Curi Capital, LLC 0.28% of their portfolio | 56.8k $17.9m | Reduced -1.9k |
| MetLife Investment Management, LLC 0.08% of their portfolio | 55.0k $17.3m | Added +1.1k |
| Pictet Asset Management Holding SA 0.02% of their portfolio | 54.7k $17.2m | Reduced -411 |
| UBS Group AG 0.00% of their portfolio | 53.3k $16.7m | Reduced -13.6k |
| CITIGROUP INC 0.01% of their portfolio | 52.4k $16.5m | Added +25.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 50.1k $15.7m | Reduced -7.7k |
| SOUTHERNSUN ASSET MANAGEMENT, LLC 2.06% of their portfolio | 48.7k $15.3m | Added +5.7k |
| DF DENT & CO INC 0.28% of their portfolio | 46.6k $14.6m | Added +165 |
| Allspring Global Investments Holdings, LLC 0.02% of their portfolio | 45.0k $13.8m | Added +129 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 43.0k $13.7m | Added +5.8k |
| Aptus Capital Advisors, LLC 0.10% of their portfolio | 41.8k $13.1m | Added +248 |
| Public Sector Pension Investment Board 0.03% of their portfolio | 40.6k $12.7m | Reduced -1.6k |
| Aberdeen Group plc 0.02% of their portfolio | 39.7k $12.5m | Reduced -9.2k |
| BESSEMER GROUP INC 0.02% of their portfolio | 38.4k $12.1m | Reduced -1.3k |
| EULAV Asset Management 0.36% of their portfolio | 35.8k $11.2m | Unchanged |
| Invesco Ltd. 0.00% of their portfolio | 34.1k $10.7m | Added +591 |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.19% of their portfolio | 32.5k $10.2m | Added +10.1k |
| Nuveen, LLC 0.00% of their portfolio | 30.8k $9.7m | Added +5.3k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 30.2k $9.5m | Reduced -3.6k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 30.2k $9.5m | Reduced -56.6k |
| PARADIGM CAPITAL MANAGEMENT INC/NY 0.25% of their portfolio | 29.8k $9.4m | Unchanged |
| FIFTH THIRD BANCORP 0.02% of their portfolio | 29.7k $9.3m | Reduced -4.2k |
| ArrowMark Colorado Holdings LLC 0.36% of their portfolio | 27.6k $8.7m | Reduced -10.3k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 27.0k $8.5m | Added +6.1k |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.08% of their portfolio | 25.0k $7.8m | Reduced -3.5k |
| ProShare Advisors LLC 0.01% of their portfolio | 24.8k $7.8m | Added +4.2k |
| Swiss National Bank 0.00% of their portfolio | 23.7k $7.5m | Added +480 |
| DekaBank Deutsche Girozentrale 0.01% of their portfolio | 23.5k $6.7m | Unchanged |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 22.7k $7.1m | Reduced -181 |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 21.9k $6.9m | Reduced -4.4k |
| B. Metzler seel. Sohn & Co. AG 0.05% of their portfolio | 16.6k $5.2m | Reduced -1.2k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 15.9k $5.0m | Added +7.0k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 15.6k $4.6m | Added +2.2k |
| REGIONS FINANCIAL CORP 0.03% of their portfolio | 15.2k $4.8m | Reduced -1.7k |
| KORNITZER CAPITAL MANAGEMENT INC /KS 0.10% of their portfolio | 14.5k $4.6m | Unchanged |
| Callan Family Office, LLC 0.09% of their portfolio | 14.0k $4.4m | Reduced -583 |
| Emerald Investment Advisers, LLC 0.29% of their portfolio | 13.8k $4.3m | Added +529 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 13.7k $4.3m | Reduced -398 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio | 13.7k $4.3m | Reduced -278 |
| MARSHALL WACE, LLP 0.00% of their portfolio | 13.3k $4.2m | Added +9.8k |
| Clean Yield Group 0.99% of their portfolio | 12.6k $4.0m | Added +468 |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 12.5k $3.9m | Added +1.9k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 12.5k $3.9m | Added +949 |
| GHP Investment Advisors, Inc. 0.14% of their portfolio | 12.3k $3.9m | Reduced -125 |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 12.3k $3.9m | Added +3.6k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 12.2k $3.8m | Added +152 |
| MOUNTAIN PACIFIC INVESTMENT ADVISERS LLC 0.57% of their portfolio | 11.5k $3.6m | Reduced -162 |
| Jupiter Topco LLC 0.00% of their portfolio | 11.1k $3.5m | First filing |
| Man Group plc 0.01% of their portfolio | 10.3k $3.2m | Reduced -4.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 10.3k $3.2m | Added +5.3k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 9.7k $3.0m | Reduced -184 |
| Holocene Advisors, LP 0.01% of their portfolio | 9.2k $2.9m | Reduced -2.9k |
| XTX Topco Ltd 0.04% of their portfolio | 9.2k $2.9m | New |
| Creative Planning 0.00% of their portfolio | 9.2k $2.9m | Added +661 |
| Erste Asset Management GmbH 0.02% of their portfolio | 8.6k $2.7m | Reduced -16.8k |
| Numerai GP LLC 0.21% of their portfolio | 8.2k $2.6m | Reduced -5.2k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 7.8k $2.4m | Reduced -107 |