Karooooo

KARO • NASDAQ

Karooooo is a software - application company in the technology sector on NASDAQ, led by Isaias (Zak) Jose Calisto, with a market cap of $1.4B. As of Q3 2025, 12% of shares are held by 63 institutional investors, with GOBI CAPITAL LLC as the largest holder at 7.12%.

CEOIsaias (Zak) Jose Calisto

Market Cap$1.4B

Software - Application

Technology

Employees4.4K

Websitekarooooo.com

Overview

Overview of institutional ownership in KARO as of Q3 2025 with a market cap of $1.8B

All Institutions

Institutions: 63
Value Held: $219.3M
Shares Held: 3.8M
Avg Position: $3.5M
Median Position: $446.4K

Hedge Funds

Hedge Funds: 12
Value Held: $157.1M
Shares Held: 2.7M
Avg Position: $13.1M
Median Position: $1.2M

Ownership Breakdown

Institutional (non-HF)

3.53%

$62.3M

Hedge Funds

8.9%

$157.1M

Retail & Other

87.57%

$1.5B

Based on market cap of $1.8B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in KARO as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
G GOBI CAPITAL LLC Hedge Fund•Long/Short	Bo Leilei Shan Managing Partner	$125.7M 6.11% of portfolio	7.12% 2.2M shares	Q2 2021 Held for 4y 5m	$2.1B
T Telemark Asset Management, LLC Hedge Fund•Long/Short	Colin Mcnay President	$12.9M 1.22% of portfolio	0.73% 225.2K shares	Q2 2025 Held for 5 months	$1.1B
C Capricorn Fund Managers Ltd Institution	-	$9.8M 3.27% of portfolio	0.55% 170.8K shares	Q4 2024 Held for 11 months	$297.8M
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	Dan Michael Berkovitz Chairman	$8.1M 0.01% of portfolio	0.46% 141.3K shares	Q1 2024 Held for 1y 8m	$121.98B
S SCHWARZ DYGOS WHEELER INVESTMENT ADVISORS LLC RIA/Wealth	Stephen John Dygos Managing Partner	$6.0M 1.27% of portfolio	0.34% 105.2K shares	Q2 2021 Held for 4y 5m	$473.1M
ACADIAN ASSET MANAGEMENT LLC Long Only Manager	Gillian Morna Therese Savage CEO	$5.7M 0.01% of portfolio	0.32% 99.8K shares	Q1 2024 Held for 1y 8m	$51.5B
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$5.6M 0.00% of portfolio	0.32% 98.2K shares	Q4 2021 Held for 3y 11m	$633.08B
POLEN CAPITAL MANAGEMENT LLC Long Only Manager	Stanley Charles Moss CEO	$4.7M 0.02% of portfolio	0.27% 82.6K shares	Q2 2021 Held for 4y 5m	$30.8B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$4.4M 0.00% of portfolio	0.25% 76.6K shares	Q2 2021 Held for 4y 5m	$1.65T
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	Scott David Hoffman CEO	$4.2M 0.01% of portfolio	0.24% 74.1K shares	Q2 2025 Held for 5 months	$62.0B

Net Capital Flow

Institutional buying and selling activity for KARO in Q3 2025

Traded: −$6.6M
Buyers: 42
Sellers: 35
Total Bought: +$16.9M
Total Sold: −$23.5M
Avg Position: $2.6M

Biggest Buyers

Institution	Net Bought	Current Position
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$2.3M +39.7K shares	$4.2M 74.1K shares
ACADIAN ASSET MANAGEMENT LLC Long Only Manager	+$1.7M +30.1K shares	$5.7M 99.8K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	+$1.6M +27.3K shares	$1.6M 27.6K shares
BANK OF AMERICA CORP /DE/ Institution	+$1.5M +26.3K shares	$1.8M 31.4K shares
RFG Advisory Group, LLC RIA/Wealth	+$1.0M +18.1K shares	$1.0M 18.1K shares
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	+$943.4K +16.5K shares	$1.3M 23.0K shares
C Capricorn Fund Managers Ltd Institution	+$913.9K +16.0K shares	$9.8M 170.8K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	+$720.9K +12.6K shares	$1.0M 17.9K shares
PITTENGER & ANDERSON INC RIA/Wealth	+$704.9K +12.3K shares	$704.9K 12.3K shares
Q Quadrature Capital Ltd Institution	+$645.0K +11.3K shares	$1.1M 18.9K shares

Biggest Sellers

Institution	Net Sold	Current Position
F Fiera Capital Corp Institution	−$5.9M −120.0K shares	Sold Off 0 shares
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	−$3.4M −70.0K shares	Sold Off 0 shares
Monashee Investment Management LLC Hedge Fund•Sector	−$2.2M −45.0K shares	Sold Off 0 shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$1.7M −35.3K shares	Sold Off 0 shares
R Russell Investments Group, Ltd. RIA/Wealth	−$1.4M −28.1K shares	Sold Off 0 shares
Ghisallo Capital Management LLC Hedge Fund•Multi-Strategy	−$1.4M −28.0K shares	Sold Off 0 shares
Jain Global LLC Hedge Fund•Multi-Strategy	−$979.6K −20.0K shares	Sold Off 0 shares
UBS Group AG Institution	−$809.4K −14.2K shares	$1.8M 32.1K shares
Marshall Wace LLP Institution	−$769.1K −13.5K shares	$2.4M 42.1K shares
S Squarepoint Ops LLC Hedge Fund•Quant	−$595.7K −12.2K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited KARO in Q3 2025

New Positions: 17
New Value: $4.3M
Exited Positions: 22
Exited Value: $20.1M

New Positions

Institution	Position Value
RFG Advisory Group, LLC RIA/Wealth	$1.0M 18.1K shares
PITTENGER & ANDERSON INC RIA/Wealth	$704.9K 12.3K shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	$576.9K 10.1K shares
P Prosperity Wealth Management, Inc. RIA/Wealth	$446.4K 7.8K shares
STATE STREET CORP Institution	$396.4K 6.9K shares
Engineers Gate Manager LP Hedge Fund•Quant	$290.5K 5.1K shares
Y Y-Intercept Ltd Institution	$272.5K 4.8K shares
Harbour Capital Advisors, LLC Family Office	$254.9K 4.7K shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$194.2K 3.4K shares
Copeland Capital Management, LLC Long Only Manager	$75.9K 1.3K shares

Exited Positions

Institution	Previous Position
F Fiera Capital Corp Institution	$5.9M 120.0K shares
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	$3.4M 70.0K shares
Monashee Investment Management LLC Hedge Fund•Sector	$2.2M 45.0K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.7M 35.3K shares
R Russell Investments Group, Ltd. RIA/Wealth	$1.4M 28.1K shares
Ghisallo Capital Management LLC Hedge Fund•Multi-Strategy	$1.4M 28.0K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$979.6K 20.0K shares
S Squarepoint Ops LLC Hedge Fund•Quant	$595.7K 12.2K shares
JUPITER ASSET MANAGEMENT LTD Long Only Manager	$453.4K 9.3K shares
Nipun Capital, L.P. Hedge Fund•Sector	$279.2K 5.7K shares

Options Activity

Institutions with the largest Call and Put options positions in KARO as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with KARO as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
G GOBI CAPITAL LLC Hedge Fund•Long/Short	Bo Leilei Shan Managing Partner	6.11% $125.7M	7.12% 2.2M shares	Q2 2021 Held for 4y 5m	$2.1B
C Capricorn Fund Managers Ltd Institution	-	3.27% $9.8M	0.55% 170.8K shares	Q4 2024 Held for 11 months	$297.8M
S SCHWARZ DYGOS WHEELER INVESTMENT ADVISORS LLC RIA/Wealth	Stephen John Dygos Managing Partner	1.27% $6.0M	0.34% 105.2K shares	Q2 2021 Held for 4y 5m	$473.1M
T Telemark Asset Management, LLC Hedge Fund•Long/Short	Colin Mcnay President	1.22% $12.9M	0.73% 225.2K shares	Q2 2025 Held for 5 months	$1.1B
Bullseye Asset Management LLC Hedge Fund•Long/Short	Jakob Vincent Holm Member	0.48% $909.9K	0.05% 15.9K shares	Q2 2025 Held for 5 months	$191.0M
P Prosperity Wealth Management, Inc. RIA/Wealth	Gregory John Bentley Owner	0.16% $446.4K	0.03% 7.8K shares	Q3 2025 Held for 2 months	$287.4M
SCHWARTZ INVESTMENT COUNSEL INC Long Only Manager	Timothy Steven Schwartz CEO	0.12% $3.6M	0.21% 63.8K shares	Q2 2021 Held for 4y 5m	$3.0B
Harbour Capital Advisors, LLC Family Office	Thomas Sargent Kim Managing Partner	0.05% $254.9K	0.02% 4.7K shares	Q3 2025 Held for 2 months	$488.7M
GSA CAPITAL PARTNERS LLP Hedge Fund•Quant	David Khabie-Zeitoune CEO	0.04% $433.1K	0.02% 7.6K shares	Q1 2025 Held for 8 months	$1.1B
RFG Advisory Group, LLC RIA/Wealth	Shannon Parrott Spotswood CEO	0.03% $1.0M	0.06% 18.1K shares	Q3 2025 Held for 2 months	$3.1B

Hedge Fund Spotlight

Discover hedge funds investing in KARO

TWO SIGMA INVESTMENTS LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerScott David Hoffman

Portfolio Value: $62.0B
Positions: 3,252
Last Reported: Q3 2025

Sector Allocation

Position in Karooooo

Market Value: $4.2M
Shares Held: 74.1K
Portfolio Weight: 0.01%
Owned Since: 2025-Q2

Top Holding	Sector	Market Value	Weight
1 SPDR S&P 500 ETF Trust SPY	ETF ETF	$680.4M	1.10%
2 Financial Select Sector SPDR Fund XLF	ETF ETF	$582.6M	0.94%
3 Consumer Staples Select Sector SPDR Fund XLP	ETF ETF	$489.6M	0.79%