Kratos Defense & Security Solutions

KTOS • NASDAQ

Kratos Defense & Security Solutions is a aerospace & defense company in the industrials sector on NASDAQ, led by Eric DeMarco, with a market cap of $21.0B. As of Q3 2025, 90% of shares are held by 612 institutional investors, with BlackRock, Inc. as the largest holder at 14.32%.

CEOEric DeMarco

Market Cap$21.0B

Aerospace & Defense

Industrials

Employees3.9K

Websitekratosdefense.com

Country

United States of America

Overview

Overview of institutional ownership in KTOS as of Q3 2025 with a market cap of $15.4B

All Institutions

Institutions: 612
Value Held: $13.9B
Shares Held: 152.7M
Avg Position: $22.8M
Median Position: $1.1M

Hedge Funds

Hedge Funds: 38
Value Held: $502.0M
Shares Held: 5.5M
Avg Position: $13.2M
Median Position: $3.8M

Ownership Breakdown

Institutional (non-HF)

87.16%

$13.4B

Hedge Funds

3.25%

$502.0M

Retail & Other

9.58%

$1.5B

Based on market cap of $15.4B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in KTOS as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
BlackRock, Inc. Institution	Laurence D. Fink CEO	$2.2B 0.04% of portfolio	14.32% 24.2M shares	≤ Q2 2013 Held for 12y 6m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$1.5B 0.02% of portfolio	9.82% 16.6M shares	≤ Q2 2013 Held for 12y 6m+	$6.69T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$779.8M 0.03% of portfolio	5.06% 8.5M shares	≤ Q2 2013 Held for 12y 6m+	$2.88T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$392.7M 0.03% of portfolio	2.55% 4.3M shares	≤ Q2 2013 Held for 12y 6m+	$1.57T
FRANKLIN RESOURCES INC Institution	Gregory E. Johnson CEO	$391.7M 0.10% of portfolio	2.54% 4.3M shares	Q4 2019 Held for 6 years	$395.38B
ARK Investment Management LLC ETF Provider	Catherine Duddy Wood CEO	$329.3M 1.99% of portfolio	2.14% 3.6M shares	Q3 2018 Held for 7y 3m	$16.5B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$291.1M 0.02% of portfolio	1.89% 3.2M shares	≤ Q2 2013 Held for 12y 6m+	$1.65T
FIRST TRUST ADVISORS LP ETF Provider	James Allen Bowen CEO	$280.4M 0.21% of portfolio	1.82% 3.1M shares	Q2 2019 Held for 6y 6m	$134.15B
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$278.3M 0.04% of portfolio	1.80% 3.0M shares	≤ Q2 2013 Held for 12y 6m+	$633.08B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$263.9M 0.06% of portfolio	1.71% 2.9M shares	≤ Q2 2013 Held for 12y 6m+	$466.34B

Net Capital Flow

Institutional buying and selling activity for KTOS in Q3 2025

Traded: −$989.3M
Buyers: 371
Sellers: 245
Total Bought: +$1.8B
Total Sold: −$2.8B
Avg Position: $20.7M

Biggest Buyers

Institution	Net Bought	Current Position
ALLIANCEBERNSTEIN L.P. Long Only Manager	+$230.8M +2.5M shares	$247.4M 2.7M shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	+$174.5M +1.9M shares	$187.8M 2.1M shares
WESTFIELD CAPITAL MANAGEMENT CO LP Long Only Manager	+$91.9M +1.0M shares	$91.9M 1.0M shares
Clearbridge Investments, LLC Long Only Manager	+$89.7M +982.0K shares	$89.7M 982.0K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$82.8M +906.5K shares	$82.8M 906.5K shares
MORGAN STANLEY RIA/Wealth	+$73.6M +805.0K shares	$291.1M 3.2M shares
FIRST TRUST ADVISORS LP ETF Provider	+$63.8M +698.8K shares	$280.4M 3.1M shares
H HRT FINANCIAL LLC Institution	+$49.1M +537.7K shares	$49.1M 537.7K shares
JPMORGAN CHASE & CO Institution	+$42.5M +465.1K shares	$88.2M 965.0K shares
SAPIENT CAPITAL LLC RIA/Wealth	+$41.4M +469.1K shares	$41.4M 469.1K shares

Biggest Sellers

Institution	Net Sold	Current Position
BAMCO INC /NY/ Long Only Manager	−$196.6M −2.2M shares	$176.6M 1.9M shares
BlackRock, Inc. Institution	−$164.6M −1.8M shares	$2.2B 24.2M shares
UBS Group AG Institution	−$132.1M −1.4M shares	$132.1M 1.4M shares
VANGUARD GROUP INC Institution	−$127.6M −1.4M shares	$1.5B 16.6M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$122.9M −1.3M shares	$14.8M 161.6K shares
Stephens Investment Management Group LLC Long Only Manager	−$113.2M −1.2M shares	$122.5M 1.3M shares
DRIEHAUS CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven	−$88.2M −965.6K shares	$83.3M 911.3K shares
ARK Investment Management LLC ETF Provider	−$82.5M −903.4K shares	$329.3M 3.6M shares
AMERIPRISE FINANCIAL INC Institution	−$81.7M −894.4K shares	$136.4M 1.5M shares
LOOMIS SAYLES & CO L P Long Only Manager	−$78.4M −857.5K shares	$74.2M 812.5K shares

Entry and Exit Activity

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

New Positions: 132
New Value: $395.4M
Exited Positions: 60
Exited Value: $251.2M

New Positions

Institution	Position Value
WESTFIELD CAPITAL MANAGEMENT CO LP Long Only Manager	$91.9M 1.0M shares
Clearbridge Investments, LLC Long Only Manager	$89.7M 982.0K shares
SAPIENT CAPITAL LLC RIA/Wealth	$41.4M 469.1K shares
B BAILLIE GIFFORD & CO Institution	$19.0M 208.5K shares
R Retirement Systems of Alabama Institution	$18.6M 204.1K shares
WCM INVESTMENT MANAGEMENT/CA Long Only Manager	$17.9M 203.5K shares
APPLETON PARTNERS INC/MA RIA/Wealth	$12.5M 136.9K shares
P PEAK6 LLC Institution	$8.2M 89.3K shares
B BI Asset Management Fondsmaeglerselskab A/S Institution	$6.3M 69.0K shares
Bridgewater Associates, LP Hedge Fund•Global Macro	$5.7M 62.6K shares

Exited Positions

Institution	Previous Position
Z Zimmer Partners, LP Hedge Fund•Long/Short	$56.9M 1.2M shares
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	$37.2M 800.0K shares
P PUBLIC SECTOR PENSION INVESTMENT BOARD Institution	$26.3M 567.0K shares
Davidson Kempner Capital Management LP Hedge Fund•Multi-Strategy	$20.9M 450.0K shares
H HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Institution	$17.1M 367.5K shares
J JGP Global Gestao de Recursos Ltda. Institution	$13.0M 280.0K shares
Laurion Capital Management LP Hedge Fund•Multi-Strategy	$11.6M 250.0K shares
Monashee Investment Management LLC Hedge Fund•Sector	$11.6M 250.0K shares
Blackstone Group L.P. Institution	$8.1M 175.0K shares
K Korea Investment CORP Institution	$5.3M 115.1K shares

Options Activity

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

Call Positions: 21
Call Value: $325.2M
Put Positions: 21
Put Value: $352.1M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$97.6M 10.7K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$81.5M 8.9K contracts
J JANE STREET GROUP, LLC Institution	$29.3M 3.2K contracts
C Cubist Systematic Strategies, LLC Institution	$28.3M 3.1K contracts
W WOLVERINE TRADING, LLC Institution	$25.4M 2.9K contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$11.9M 1.3K contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$10.4M 1.1K contracts
Caption Management, LLC Hedge Fund•Long/Short	$10.3M 1.1K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$9.5M 1.0K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$5.5M 599.0 contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$94.3M 10.3K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$73.6M 8.1K contracts
C Cubist Systematic Strategies, LLC Institution	$50.4M 5.5K contracts
J JANE STREET GROUP, LLC Institution	$25.4M 2.8K contracts
WELLS FARGO & COMPANY/MN Institution	$22.8M 2.5K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$19.0M 2.1K contracts
W WOLVERINE TRADING, LLC Institution	$15.3M 1.7K contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$14.0M 1.5K contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$10.6M 1.2K contracts
Walleye Trading LLC RIA/Wealth	$9.1M 993.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
R Rovida Investment Management Ltd Institution	-	18.59% $162.0M	1.05% 1.8M shares	Q4 2024 Held for 1 year	$871.7M
G GARNET EQUITY CAPITAL HOLDINGS, INC. Hedge Fund•Long/Short	Joseph A Cohen President	12.99% $29.6M	0.19% 324.1K shares	Q1 2024 Held for 1y 9m	$228.0M
AMERICAN CAPITAL MANAGEMENT INC Long Only Manager	David Mark La Valle CEO	7.32% $183.7M	1.19% 2.0M shares	Q1 2020 Held for 5y 9m	$2.5B
S S Squared Technology, LLC Hedge Fund•Long/Short	Kenneth A Goldblatt Managing Partner	6.93% $18.2M	0.12% 199.5K shares	Q1 2014 Held for 11y 9m	$263.0M
Fogel Capital Management, Inc. RIA/Wealth	Michael Frederick Fogel President	5.93% $12.8M	0.08% 140.3K shares	Q1 2024 Held for 1y 9m	$216.1M
P Profit Investment Management, LLC Institution	-	4.66% $3.7M	0.02% 40.5K shares	Q4 2023 Held for 2 years	$79.5M
SCHMEIDLER A R & CO INC RIA/Wealth	Stephen Robert Burke Managing Partner	3.66% $49.1M	0.32% 537.9K shares	Q3 2021 Held for 4y 3m	$1.3B
S SEVEN GRAND MANAGERS, LLC Hedge Fund•Multi-Strategy	Chris E Fahy CIO	3.64% $45.7M	0.30% 500.0K shares	Q2 2025 Held for 6 months	$1.3B
C Canal Insurance CO Institution	-	3.56% $15.9M	0.10% 173.8K shares	Q1 2019 Held for 6y 9m	$445.8M
Lumbard Investment Counseling, LLC RIA/Wealth	John Ashmore Lumbard Manager	3.56% $9.7M	0.06% 105.8K shares	Q4 2024 Held for 1 year	$271.9M

Hedge Fund Spotlight

Discover hedge funds investing in KTOS

GMT CAPITAL CORP

Hedge Fund • Long/Short

Portfolio ManagerThomas Eugene Claugus

Portfolio Value: $2.2B
Positions: 67
Last Reported: Q3 2025

Sector Allocation

Position in Kratos Defense & Security Solutions

Market Value: $726.2K
Shares Held: 7.9K
Portfolio Weight: 0.03%
Owned Since: 2024-Q4

Top Holding	Sector	Market Value	Weight
1 Hudbay Minerals HBM	Copper Basic Materials	$425.8M	19.30%
2 Delta Air Lines DAL	Airlines, Airports & Air Services Industrials	$278.6M	12.63%
3 Ero Copper ERO	Copper Basic Materials	$131.9M	5.98%