Karman Holdings Inc.

KRMN • NYSE

Karman Holdings Inc. is a publicly traded company on NYSE, led by Tony Koblinski, with a market cap of $8.8B. As of Q3 2025, 58% of shares are held by 233 institutional investors, with FMR LLC as the largest holder at 4.4%.

Chief Executive OfficerTony Koblinski

Market Cap$8.8B

Websitekarman-sd.com

Overview

Overview of institutional ownership in KRMN as of Q3 2025 with a market cap of $9.6B

All Institutions

Institutions: 233
Value Held: $5.5B
Shares Held: 76.5M
Avg Position: $23.7M
Median Position: $1.9M

Hedge Funds

Hedge Funds: 36
Value Held: $441.3M
Shares Held: 6.1M
Avg Position: $12.3M
Median Position: $4.3M

Ownership Breakdown

Institutional (non-HF)

53.17%

$5.1B

Hedge Funds

4.62%

$441.3M

Retail & Other

42.21%

$4.0B

Based on market cap of $9.6B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in KRMN as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
FMR LLC Institution	-	$420.4M 0.02% of portfolio	4.40% 5.8M shares	Q1 2025 Held for 8 months	$1.92T
L Lexington Partners L.P. Private Equity	Yitz Berger CFO	$319.9M 96.80% of portfolio	3.35% 4.4M shares	Q3 2025 Held for 2 months	$330.4M
VANGUARD GROUP INC Institution	Salim Ramji CEO	$268.6M 0.00% of portfolio	2.81% 3.7M shares	Q1 2025 Held for 8 months	$6.69T
DONALDSON CAPITAL MANAGEMENT, LLC RIA/Wealth	Gregory C Donaldson Founder	$252.8M 7.99% of portfolio	2.65% 3.5M shares	Q3 2025 Held for 2 months	$3.2B
G GCM Grosvenor Holdings, LLC Institution	-	$239.7M 36.43% of portfolio	2.51% 3.3M shares	Q3 2025 Held for 2 months	$657.9M
B BlackRock, Inc. Institution	-	$232.2M 0.00% of portfolio	2.43% 3.2M shares	Q1 2025 Held for 8 months	$5.67T
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$231.8M 0.04% of portfolio	2.43% 3.2M shares	Q1 2025 Held for 8 months	$633.08B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$177.9M 0.01% of portfolio	1.86% 2.5M shares	Q1 2025 Held for 8 months	$2.88T
BAMCO INC /NY/ Long Only Manager	Ronald Stephen Baron CEO	$171.2M 0.45% of portfolio	1.79% 2.4M shares	Q1 2025 Held for 8 months	$37.7B
C Capital World Investors Institution	-	$169.9M 0.02% of portfolio	1.78% 2.4M shares	Q1 2025 Held for 8 months	$730.00B

Net Capital Flow

Institutional buying and selling activity for KRMN in Q3 2025

Net Flow: +$1.3B
Buyers: 80
Sellers: 50
Total Bought: +$1.6B
Total Sold: −$249.3M
Avg Position: $27.9M

Biggest Buyers

Institution	Net Bought	Current Position
FMR LLC Institution	+$402.4M +5.6M shares	$420.4M 5.8M shares
B BlackRock, Inc. Institution	+$134.8M +1.9M shares	$232.2M 3.2M shares
VANGUARD GROUP INC Institution	+$133.7M +1.9M shares	$268.6M 3.7M shares
FIRST TRUST ADVISORS LP ETF Provider	+$130.6M +1.8M shares	$135.4M 1.9M shares
STATE STREET CORP Institution	+$99.4M +1.4M shares	$177.9M 2.5M shares
Invesco Ltd. ETF Provider	+$94.3M +1.3M shares	$231.8M 3.2M shares
TimesSquare Capital Management, LLC Long Only Manager	+$87.5M +1.2M shares	$111.7M 1.5M shares
Stephens Investment Management Group LLC Long Only Manager	+$71.4M +989.6K shares	$96.5M 1.3M shares
JENNISON ASSOCIATES LLC Long Only Manager	+$52.5M +727.3K shares	$52.5M 727.3K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$48.2M +667.9K shares	$50.3M 696.7K shares

Biggest Sellers

Institution	Net Sold	Current Position
AMERIPRISE FINANCIAL INC Institution	−$37.5M −518.9K shares	$22.3M 309.1K shares
JPMORGAN CHASE & CO Institution	−$33.2M −460.2K shares	$76.3M 1.1M shares
Bank of New York Mellon Corp Institution	−$33.1M −459.0K shares	$94.7M 1.3M shares
T T. Rowe Price Investment Management, Inc. Insurance Manager	−$26.6M −368.8K shares	$93.6M 1.3M shares
DRIEHAUS CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven	−$15.7M −218.1K shares	$112.2M 1.6M shares
C Capital World Investors Institution	−$10.6M −146.7K shares	$169.9M 2.4M shares
Schonfeld Strategic Advisors LLC Hedge Fund•Multi-Strategy	−$10.0M −137.9K shares	$902.1K 12.5K shares
B BlueCrest Capital Management Ltd Institution	−$9.1M −180.0K shares	Sold Off 0 shares
R ROYAL BANK OF CANADA Institution	−$8.4M −116.8K shares	$1.4M 19.3K shares
S SOROS FUND MANAGEMENT LLC Institution	−$7.2M −100.0K shares	$26.3M 364.3K shares

Entry and Exit Activity

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

New Positions: 102
New Value: $1.6B
Exited Positions: 10
Exited Value: $16.9M

New Positions

Institution	Position Value
L Lexington Partners L.P. Private Equity	$319.9M 4.4M shares
DONALDSON CAPITAL MANAGEMENT, LLC RIA/Wealth	$252.8M 3.5M shares
G GCM Grosvenor Holdings, LLC Institution	$239.7M 3.3M shares
S Schusterman Interests, LLC Institution	$148.0M 2.1M shares
WESTFIELD CAPITAL MANAGEMENT CO LP Long Only Manager	$102.9M 1.4M shares
PRUDENTIAL FINANCIAL INC Institution	$98.9M 1.4M shares
R ROBERT WOOD JOHNSON FOUNDATION Institution	$70.5M 976.3K shares
Fortress Investment Group LLC RIA/Wealth	$43.3M 600.0K shares
Clearbridge Investments, LLC Long Only Manager	$34.4M 476.9K shares
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$28.6M 396.4K shares

Exited Positions

Institution	Previous Position
B BlueCrest Capital Management Ltd Institution	$9.1M 180.0K shares
R Roubaix Capital, LLC Hedge Fund•Long/Short	$3.4M 68.5K shares
Baird Financial Group, Inc. Private Equity	$1.4M 28.6K shares
Y Y-Intercept Ltd Institution	$1.1M 22.4K shares
X XTX Topco Ltd Institution	$1.0M 20.2K shares
Centiva Capital, LP Hedge Fund•Multi-Strategy	$451.7K 9.0K shares
Vident Advisory, LLC ETF Provider	$245.5K 4.9K shares
Global Trust Asset Management, LLC RIA/Wealth	$50.4K 1.0K shares
Caitong International Asset Management Co., Ltd RIA/Wealth	$3.3K 66.0 shares
Steward Partners Investment Advisory, LLC RIA/Wealth	$403.0 8.0 shares

Options Activity

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

Call Positions: 4
Call Value: $4.9M
Put Positions: 4
Put Value: $33.2M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$3.0M 419.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.1M 151.0 contracts
J JANE STREET GROUP, LLC Institution	$527.1K 73.0 contracts
W WOLVERINE TRADING, LLC Institution	$242.6K 34.0 contracts

Put Positions

Institution	Position Value
J JANE STREET GROUP, LLC Institution	$24.8M 3.4K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$3.8M 533.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$3.6M 501.0 contracts
W WOLVERINE TRADING, LLC Institution	$891.9K 125.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
L Lexington Partners L.P. Private Equity	Yitz Berger CFO	96.80% $319.9M	3.35% 4.4M shares	Q3 2025 Held for 2 months	$330.4M
R ROBERT WOOD JOHNSON FOUNDATION Institution	-	56.68% $70.5M	0.74% 976.3K shares	Q3 2025 Held for 2 months	$124.4M
G GCM Grosvenor Holdings, LLC Institution	-	36.43% $239.7M	2.51% 3.3M shares	Q3 2025 Held for 2 months	$657.9M
S Schusterman Interests, LLC Institution	-	33.83% $148.0M	1.55% 2.1M shares	Q3 2025 Held for 2 months	$437.6M
StepStone Group LP Fund of Funds	Scott William Hart CEO	11.01% $21.1M	0.22% 292.4K shares	Q3 2025 Held for 2 months	$191.8M
DONALDSON CAPITAL MANAGEMENT, LLC RIA/Wealth	Gregory C Donaldson Founder	7.99% $252.8M	2.65% 3.5M shares	Q3 2025 Held for 2 months	$3.2B
Fortress Investment Group LLC RIA/Wealth	Yves M Balcer Founder	5.88% $43.3M	0.45% 600.0K shares	Q3 2025 Held for 2 months	$737.1M
D DELPHI FINANCIAL GROUP INC/DE Institution	-	2.26% $3.9M	0.04% 54.6K shares	Q3 2025 Held for 2 months	$174.4M
S SEVEN GRAND MANAGERS, LLC Hedge Fund•Multi-Strategy	Chris E Fahy CIO	2.01% $25.3M	0.26% 350.0K shares	Q1 2025 Held for 8 months	$1.3B
TimesSquare Capital Management, LLC Long Only Manager	Grant Richard Babyak CEO	1.59% $111.7M	1.17% 1.5M shares	Q1 2025 Held for 8 months	$7.0B

Hedge Fund Spotlight

Discover hedge funds investing in KRMN

RENAISSANCE TECHNOLOGIES LLC

Hedge Fund • Quant

Portfolio ManagerDavid Allen Lippe

Portfolio Value: $75.8B
Positions: 3,419
Last Reported: Q3 2025

Sector Allocation

Position in Karman Holdings Inc.

Market Value: $24.9M
Shares Held: 344.6K
Portfolio Weight: 0.03%
Owned Since: 2025-Q2

Top Holding	Sector	Market Value	Weight
1 Palantir Technologies Inc. PLTR	Software - Infrastructure Technology	$1.6B	2.06%
2 Nvidia NVDA	Semiconductors Technology	$1.1B	1.39%
3 Roblox RBLX	Electronic Gaming & Multimedia Technology	$953.5M	1.26%