KARMAN HLDGS INC KRMN
COMMON STOCK · Common Stock · CUSIP 485924104
American space and defense company
- SectorIndustrials
- IndustryAircraft Parts & Auxiliary Equipment, NEC
- HeadquartersHuntington Beach, CA
- Websitekarman-sd.com
- 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 ($50.4m this quarter). Holder counts are more reliable. Shares outstanding: 132.5m as of 2026-03-20, 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 ≈ $79.92. Options: 11 managers hold calls ($119.7m notional), 12 hold puts ($89.6m).
Trends to Q1 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q1 2025 | 92 |
| Q2 2025 | 140 |
| Q3 2025 | 234 |
| Q4 2025 | 286 |
| Q1 2026 | 363 |
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 2025 | 108 | 44 |
| Q3 2025 | 183 | 50 |
| Q4 2025 | 187 | 109 |
| Q1 2026 | 238 | 118 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $0 | $0 | — |
| Q3 2025 | $5.6m | $34.6m | 6.23 |
| Q4 2025 | $16.8m | $72.0m | 4.27 |
| Q1 2026 | $119.7m | $89.6m | 0.75 |
Biggest buyers
| Falcon Wealth Planning | New | +2.6m |
| FMR LLC | Added | +2.5m |
| Castle Hook Partners LP | New | +2.5m |
| AMERIPRISE FINANCIAL INC | Added | +2.2m |
| Lido Advisors, LLC | Added | +922.8k |
| LORD, ABBETT & CO. LLC | Added | +740.1k |
| FEDERATED HERMES, INC. | Added | +627.4k |
| UBS Group AG | Added | +581.3k |
| BlackRock, Inc. | Added | +509.5k |
| Rokos Capital Management LLP | New | +440.5k |
Biggest sellers
| Capital World Investors | Reduced | -1.1m |
| BAMCO INC /NY/ | Reduced | -635.1k |
| STATE STREET CORP | Reduced | -478.1k |
| Stephens Investment Management Group LLC | Reduced | -458.9k |
| Driehaus Capital Management LLC | Reduced | -377.8k |
| SEVEN GRAND MANAGERS, LLC | Sold out | -350.0k |
| AustralianSuper Pty Ltd | Reduced | -337.6k |
| TimesSquare Capital Management, LLC | Reduced | -336.7k |
| Bank of New York Mellon Corp | Reduced | -306.7k |
| JENNISON ASSOCIATES LLC | Reduced | -216.3k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $69.3m865.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $26.1m326.5k shares |
| CITADEL ADVISORS LLC | Added | $9.6m119.6k shares |
| IMC-Chicago, LLC | New | $5.3m66.2k shares |
| UBS Group AG | New | $2.8m35.0k shares |
| PEAK6 LLC | New | $2.5m30.8k shares |
| Twin Tree Management, LP | New | $1.1m13.3k shares |
| Point72 Asset Management, L.P. | New | $992.6k12.4k shares |
| Squarepoint Ops LLC | New | $904.6k11.3k shares |
| SIMPLEX TRADING, LLC | Added | $616.4k7.7k shares |
Biggest puts
| Lido Advisors, LLC | New | $45.6m570.0k shares |
| CITADEL ADVISORS LLC | Added | $16.8m210.0k shares |
| SCOPUS ASSET MANAGEMENT, L.P. | New | $6.0m75.0k shares |
| GROUP ONE TRADING LLC | Added | $5.4m67.0k shares |
| Paloma Partners Management Co | New | $4.8m60.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $4.6m57.0k shares |
| IMC-Chicago, LLC | Added | $2.5m31.4k shares |
| Twin Tree Management, LP | New | $1.8m22.7k shares |
| Point72 Asset Management, L.P. | Reduced | $824.5k10.3k shares |
| JANE STREET GROUP, LLC | Reduced | $784.5k9.8k 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 new · filed 2026-10-05 | 11.1% |
| FIRST TRUST PORTFOLIOS LP 13G · institution new · filed 2026-10-27 | 5.2% |
| FMR LLC 13G · institution -1.1 pts · filed 2026-08-06 | 5.2% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27), KHIS Custodian LP (3.0%, 2026-02-17)
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 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 5 | $223.1m | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 5 | $25.8m | — |
| Q4 2025 | 0 | — | 5 | $41.2m | $41.2m |
| Q1 2026 | 0 | — | 0 | — | — |
None reported in Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| FMR LLC 0.04% of their portfolio | 8.4m $670.5m | Added +2.5m |
| BlackRock, Inc. 0.01% of their portfolio | 5.0m $397.4m | Added +509.5k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 4.6m $367.8m | First filing |
| Lexington Partners L.P. 96.79% of their portfolio | 4.4m $354.6m | Unchanged |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.02% of their portfolio | 4.3m $346.1m | First filing |
| Invesco Ltd. 0.03% of their portfolio | 4.2m $335.1m | Added +97.8k |
| KHIS Custodian LP 100.00% of their portfolio | 3.9m $315.6m | Unchanged |
| DONALDSON CAPITAL MANAGEMENT, LLC 9.08% of their portfolio | 3.5m $280.3m | Unchanged |
| GCM Grosvenor Holdings, LLC 29.49% of their portfolio | 3.3m $265.7m | Unchanged |
| FIRST TRUST ADVISORS LP 0.17% of their portfolio | 2.9m $231.5m | Added +93.6k |
| VAN ECK ASSOCIATES CORP 0.17% of their portfolio | 2.9m $231.0m | Added +18.4k |
| STATE STREET CORP 0.01% of their portfolio | 2.8m $228.0m | Reduced -478.1k |
| AMERIPRISE FINANCIAL INC 0.05% of their portfolio | 2.8m $226.8m | Added +2.2m |
| Falcon Wealth Planning 14.01% of their portfolio | 2.6m $205.7m | New |
| Castle Hook Partners LP 4.03% of their portfolio | 2.5m $199.6m | New |
| Schusterman Interests, LLC 41.95% of their portfolio | 2.1m $164.1m | Unchanged |
| Trustees of the University of Pennsylvania 52.65% of their portfolio | 2.0m $156.3m | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio | 1.8m $143.6m | Reduced -93.4k |
| Mass General Brigham, Inc 26.67% of their portfolio | 1.6m $125.0m | Unchanged |
| UBS Group AG 0.02% of their portfolio | 1.5m $120.7m | Added +581.3k |
| LORD, ABBETT & CO. LLC 0.38% of their portfolio | 1.5m $117.1m | Added +740.1k |
| PRUDENTIAL FINANCIAL INC 0.13% of their portfolio | 1.4m $109.5m | Reduced -235 |
| Hood River Capital Management LLC 1.03% of their portfolio | 1.3m $103.2m | Reduced -4.7k |
| FRANKLIN RESOURCES INC 0.03% of their portfolio | 1.3m $102.6m | Added +56.2k |
| BAMCO INC /NY/ 0.31% of their portfolio | 1.3m $102.4m | Reduced -635.1k |
| TimesSquare Capital Management, LLC 1.72% of their portfolio | 1.3m $101.3m | Reduced -336.7k |
| FEDERATED HERMES, INC. 0.16% of their portfolio | 1.2m $98.4m | Added +627.4k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.13% of their portfolio | 1.2m $95.9m | Added +375.2k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 1.2m $95.2m | Reduced -306.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.2m $95.1m | Added +31.8k |
| Driehaus Capital Management LLC 0.58% of their portfolio | 977.4k $78.2m | Reduced -377.8k |
| ROBERT WOOD JOHNSON FOUNDATION 62.62% of their portfolio | 976.3k $78.2m | Unchanged |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.32% of their portfolio | 964.3k $77.2m | Added +127.3k |
| Capital World Investors 0.01% of their portfolio | 950.0k $76.0m | Reduced -1.1m |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 938.2k $72.0m | Added +332.1k |
| Lido Advisors, LLC 0.29% of their portfolio | 926.0k $74.1m | Added +922.8k |
| VOYA INVESTMENT MANAGEMENT LLC 0.07% of their portfolio | 891.8k $71.4m | Added +383.1k |
| StepStone Group LP 33.85% of their portfolio | 877.3k $70.2m | Unchanged |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 851.5k $62.3m | Reduced -51.6k |
| Champlain Investment Partners, LLC 0.84% of their portfolio | 830.8k $66.5m | Added +343.4k |
| Stephens Investment Management Group LLC 0.89% of their portfolio | 810.1k $64.9m | Reduced -458.9k |
| Bregal General Partner Jersey Ltd 100.00% of their portfolio | 777.8k $62.3m | First filing |
| MORGAN STANLEY 0.00% of their portfolio | 770.5k $61.7m | Added +299.3k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 724.1k $54.2m | Reduced -139.8k |
| CONGRESS ASSET MANAGEMENT CO 0.41% of their portfolio | 707.2k $56.6m | Added +376.3k |
| JENNISON ASSOCIATES LLC 0.04% of their portfolio | 654.9k $52.4m | Reduced -216.3k |
| T. Rowe Price Investment Management, Inc. 0.04% of their portfolio | 639.2k $51.2m | Reduced -215.1k |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 627.7k $50.2m | Reduced -2.6k |
| ZEVENBERGEN CAPITAL INVESTMENTS LLC 1.44% of their portfolio | 626.4k $50.1m | Added +86.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 522.1k $41.8m | Added +23.8k |
| Clearbridge Investments, LLC 0.04% of their portfolio | 514.9k $41.2m | Added +36.8k |
| Conestoga Capital Advisors, LLC 0.82% of their portfolio | 512.5k $41.0m | Reduced -22.4k |
| Amundi 0.01% of their portfolio | 512.2k $41.0m | Added +158.1k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 511.2k $40.9m | Added +257.9k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 509.4k $40.8m | First filing |
| Capital International Investors 0.01% of their portfolio | 470.3k $37.6m | Reduced -69.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 459.5k $36.8m | Added +254.2k |
| Rokos Capital Management LLP 0.63% of their portfolio | 440.5k $35.3m | New |
| FRED ALGER MANAGEMENT, LLC 0.15% of their portfolio | 436.2k $34.9m | Added +282.5k |
| SAMLYN CAPITAL, LLC 0.58% of their portfolio | 419.3k $33.6m | Added +53.0k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 414.7k $33.2m | Added +150.0k |
| Daiwa Securities Group Inc. 0.09% of their portfolio | 395.3k $31.6m | Added +85.6k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.08% of their portfolio | 350.5k $28.1m | New |
| Focus Partners Wealth 0.03% of their portfolio | 333.4k $26.7m | Added +125.0k |
| Carnegie Investment Counsel 0.52% of their portfolio | 333.0k $26.7m | Reduced -12.0k |
| Ranger Investment Management, L.P. 1.72% of their portfolio | 297.5k $23.8m | Added +33.8k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 287.8k $23.0m | Added +12.0k |
| LOOMIS SAYLES & CO L P 0.03% of their portfolio | 278.7k $22.3m | Reduced -56.6k |
| Artisan Partners Limited Partnership 0.03% of their portfolio | 267.6k $21.4m | New |
| LBP AM SA 0.28% of their portfolio | 255.2k $20.4m | Added +204.7k |
| CAMBRIDGE ASSOCIATES LLC /MA/ /ADV 0.32% of their portfolio | 249.0k $19.9m | Unchanged |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 239.6k $19.2m | Added +191.3k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 235.9k $18.9m | Reduced -129.5k |
| Ghisallo Capital Management LLC 0.50% of their portfolio | 225.0k $18.0m | Unchanged |
| National Philanthropic Trust 0.17% of their portfolio | 200.0k $16.0m | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 185.3k $14.8m | Added +133.2k |
| Burkehill Global Management, LP 0.69% of their portfolio | 175.0k $14.0m | Reduced -50.0k |
| Woodline Partners LP 0.05% of their portfolio | 173.3k $13.9m | Added +2.6k |
| NEXT CENTURY GROWTH INVESTORS LLC 0.99% of their portfolio | 171.2k $13.7m | Reduced -61.1k |
| Vident Advisory, LLC 0.12% of their portfolio | 169.3k $13.6m | Reduced -29.9k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 166.3k $13.3m | Added +81.0k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 165.6k $13.3m | New |
| SEI INVESTMENTS CO 0.01% of their portfolio | 159.7k $12.8m | Added +46.9k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 158.1k $12.7m | Added +84.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 153.7k $12.3m | Added +88.4k |
| Empowered Funds, LLC 0.08% of their portfolio | 149.4k $12.0m | New |
| WCM INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio | 145.7k $10.9m | Reduced -83.6k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 142.8k $11.4m | Added +29.8k |
| Badgley Phelps Wealth Managers, LLC 0.22% of their portfolio | 139.3k $11.2m | New |
| Spear Advisors LLC 7.63% of their portfolio | 128.0k $10.2m | New |
| AustralianSuper Pty Ltd 0.05% of their portfolio | 122.7k $9.8m | Reduced -337.6k |
| Nuveen, LLC 0.00% of their portfolio | 119.2k $9.5m | Added +16.4k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 118.1k $9.5m | Added +56.0k |
| OSAIC HOLDINGS, INC. 0.01% of their portfolio | 117.1k $9.4m | Added +44.7k |
| Mariner, LLC 0.01% of their portfolio | 112.0k $9.0m | Added +106.9k |
| SEGALL BRYANT & HAMILL, LLC 0.13% of their portfolio | 109.3k $8.8m | Reduced -59.2k |
| Summit Trail Advisors, LLC 0.12% of their portfolio | 104.9k $8.4m | Added +96.2k |
| Swiss National Bank 0.00% of their portfolio | 104.4k $8.4m | Unchanged |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 102.5k $8.2m | Added +18.4k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 101.2k $8.1m | Added +15.4k |