KRMN Karman Holdings Inc. Common Stock
$60.11
Price · Aug 18, 2026
Fundamentals as of Aug 11, 2026
52W Range
$44–$118
22% of range
Analyst Rating
BUY
18 analysts
Price Target
$87
+45% upside
P/E (TTM)
462.4
ROE
4.7%
Net Profit Margin
3.7%
KRMN Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$60.11
Market Cap
$7.95B
P/E (TTM)
462.4
EPS (TTM)
$0.13
Revenue (TTM)
$472M
Div Yield
—
ROE
4.7%
Debt/Equity
0.0
52W Range
$44 – $118
KRMN Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$472M
2022-12-31
→
2025-12-31
EPS
$0.13
2022-12-31
→
2025-12-31
Free Cash Flow
$-42M
2024-12-31
→
2025-12-31
Margins
3.7%
2024-12-31
→
2025-12-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
KRMN
Peer Median
P/E (TTM)
462.4
54.1
P/S (TTM)
16.9
7.1
P/B
20.8
4.8
EV / EBITDA
108.7
—
Price / FCF
-187.3
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
KRMN
Peer Median
Gross Margin
40.3%
25.4%
Operating Margin
15.5%
—
Net Profit Margin
3.7%
5.4%
ROA
1.8%
3.8%
ROE
4.7%
8.1%
ROIC
10.0%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
KRMN
Peer Median
Debt / Equity
0.0
16.4
Current Ratio
3.3
3.0
Quick Ratio
1.3
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
KRMN
Peer Median
Revenue YoY
36.6%
—
Revenue CAGR 3Y
27.7%
—
EPS YoY
62.5%
—
Net Income YoY
36.7%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
KRMN
Peer Median
KRMN Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
18 analysts
- Strong Buy 6 33.3%
- Buy 10 55.6%
- Hold 1 5.6%
- Sell 1 5.6%
- Strong Sell 0 0.0%
12-Month Price Target
10 analysts · 2026-08-17
Median
$85.00
Now
$60.11
Low
$37.00
High
$135.00
Median target
$85.00
+41.4%
Mean target
$87.10
+44.9%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.00%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.14 | $0.13 | 0.01% |
| March 31, 2026 | $0.11 | $0.12 | -0.01% |
| Dec. 31, 2025 | $0.11 | $0.12 | -0.01% |
| Sept. 30, 2025 | $0.10 | $0.11 | -0.01% |
| June 30, 2025 | $0.10 | $0.10 | 0.00% |
| March 31, 2025 | $0.05 | $0.02 | 0.03% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| KRMN | $9.68B | 562.8 | 36.6% | 3.7% | 4.7% | 40.3% |
| HII | $13.34B | 22.1 | 8.2% | 4.9% | 12.2% | — |
| KTOS | $13.12B | 597.7 | 18.5% | 1.6% | 1.1% | 22.9% |
| DRS | $9.06B | 33.1 | 12.8% | 7.6% | 10.4% | 23.8% |
| AVAV | $9.87B | -36.1 | 140.9% | -13.4% | -6.0% | 25.3% |
| SARO | $9.59B | 34.6 | 15.8% | 4.6% | 10.7% | — |
| HXL | $5.59B | 194.5 | -0.48% | 5.8% | 7.8% | 23.0% |
| LOAR | $6.37B | 90.7 | 23.2% | 14.5% | 6.4% | 52.7% |
| MRCY | $7.52B | -252.4 | 7.8% | -3.0% | -2.0% | 28.6% |
| AIR | — | 23.2 | 19.0% | 5.7% | 11.5% | 18.8% |
| BETA | — | -2.2 | 136.0% | -2094.2% | -70.7% | 72.2% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 15
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Revenue | $472M | $345M | $281M | |
| Cost of Revenue | $281M | $213M | $175M | |
| Gross Profit | $190M | $132M | $106M | |
| SG&A Expense | $86M | $44M | $37M | |
| Operating Expenses | $117M | $69M | $57M | |
| Operating Income | $73M | $64M | $48M | |
| Other Non-op | $4M | $2M | $563.0K | |
| Pretax Income | $33M | $14M | $1M | |
| Income Tax | $15M | $2M | $-3M | |
| Net Income | $17M | $13M | $4M | |
| EPS (Basic) | $0.13 | $0.08 | $0.03 | |
| EPS (Diluted) | $0.13 | $0.08 | $0.03 | |
| Shares (Basic) | 132,322,000 | 166,737,000 | 166,776,000 | |
| Shares (Diluted) | 132,322,000 | 166,737,000 | 166,776,000 | |
| EBITDA | $73M | $64M | · |
Balance Sheet 27
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Cash & Equivalents | $34M | $12M | $5M | |
| Receivables | $79M | $55M | $51M | |
| Inventory | $11M | $10M | $10M | |
| Prepaid Expense | $12M | $18M | $3M | |
| Current Assets | $291M | $202M | $158M | |
| PP&E (Net) | $95M | $61M | $52M | |
| PP&E (Gross) | $135M | $88M | $70M | |
| Accum. Depreciation | $39M | $27M | $18M | |
| Goodwill | $353M | $225M | $217M | |
| Intangibles | $286M | $209M | $208M | |
| Other Non-current Assets | $717M | $511M | $501M | |
| Total Assets | $1.10B | $774M | $711M | |
| Accounts Payable | $32M | $28M | $21M | |
| Short-term Debt | $4M | $7M | $6M | |
| Current Liabilities | $89M | $115M | $87M | |
| Capital Leases | $5M | $5M | $6M | |
| Deferred Tax | $48M | $25M | $37M | |
| Other Non-current Liabilities | $8M | $3M | $5M | |
| Total Liabilities | $721M | $578M | $528M | |
| Total Debt | $8M | $14M | · | |
| Common Stock | $132.0K | $0 | · | |
| Paid-in Capital | $373M | $204M | · | |
| Retained Earnings | $9M | $-8M | · | |
| AOCI | $75.0K | $75.0K | · | |
| Stockholders' Equity | $383M | $196M | $182M | |
| Liabilities + Equity | $1.10B | $774M | $711M | |
| Shares Outstanding | 132,322,435 | 0 | · |
Cash Flow 11
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| D&A | $43M | $33M | $27M | |
| Stock-based Comp | $1M | $993.0K | $1M | |
| Deferred Tax | $11M | $-12M | $-11M | |
| Amort. of Intangibles | $23M | $17M | $14M | |
| Operating Cash Flow | $-22M | $27M | $20M | |
| CapEx | $20M | $15M | $17M | |
| Investing Cash Flow | $-238M | $-46M | $-16M | |
| Financing Cash Flow | $283M | $26M | $-5M | |
| Net Change in Cash | $22M | $6M | $-1M | |
| Taxes Paid | $17M | $-678.0K | $3M | |
| Free Cash Flow | $-42M | $11M | · |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Gross Margin | 40.3% | 38.3% | · | |
| Operating Margin | 15.5% | 18.4% | · | |
| Net Margin | 3.7% | 3.7% | · | |
| Pretax Margin | 6.9% | 4.2% | · | |
| EBITDA Margin | 15.5% | 18.4% | · | |
| ROA | 1.8% | 1.7% | · | |
| ROE | 4.7% | · | · | |
| ROIC | 10.0% | 394.6% | · |
Liquidity & Solvency 3
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Current Ratio | 3.3 | 1.8 | · | |
| Quick Ratio | 1.3 | 0.6 | · | |
| Debt / Equity | 0.0 | · | · |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Asset Turnover | 0.5 | 0.5 | · | |
| Inventory Turnover | 27.4 | 21.6 | · | |
| Receivables Turnover | 7.0 | 6.5 | · |
Growth Rates 4
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Revenue YoY | 36.6% | 23.0% | 24.0% | |
| Revenue CAGR 3Y | 27.7% | · | · | |
| EPS YoY | 62.5% | 166.7% | · | |
| Net Income YoY | 36.7% | 191.4% | · |
Valuation (TTM) 13
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Revenue TTM | $472M | $345M | · | |
| Net Income TTM | $17M | $13M | · | |
| Market Cap | $9.68B | · | · | |
| Enterprise Value | $9.66B | · | · | |
| P/E | 562.8 | · | · | |
| P/S | 20.5 | · | · | |
| P/B | 25.3 | · | · | |
| P / Cash Flow | -437.7 | · | · | |
| P / FCF | -228.1 | · | · | |
| EV / EBITDA | 132.4 | · | · | |
| EV / FCF | -227.4 | · | · | |
| EV / Revenue | 20.5 | · | · | |
| Earnings Yield | 0.18% | · | · |
Income Statement 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $182M | $151M | $134M | $122M | $115M | $100M | $91M | $86M | $85M | $83M | |
| Cost of Revenue | $104M | $87M | $81M | $72M | $68M | $61M | $57M | $52M | $50M | $54M | |
| Gross Profit | $78M | $64M | $54M | $50M | $47M | $39M | $35M | $34M | $35M | $29M | |
| SG&A Expense | $31M | $29M | $23M | $20M | $19M | $23M | $13M | $11M | $10M | $10M | |
| Operating Expenses | $43M | $42M | $33M | $28M | $27M | $29M | $20M | $16M | $16M | $16M | |
| Operating Income | $35M | $21M | $21M | $22M | $20M | $10M | $14M | $17M | $18M | $13M | |
| Other Non-op | $-280.0K | $-174.0K | $4M | $51.0K | $380.0K | $-80.0K | $345.0K | $351.0K | $36.0K | $770.0K | |
| Pretax Income | $19M | $9M | $14M | $12M | $9M | $-1M | $2M | $5M | $5M | $2M | |
| Income Tax | $5M | $838.0K | $6M | $4M | $2M | $3M | $296.0K | $933.0K | $312.0K | $87.0K | |
| Net Income | $14M | $8M | $8M | $8M | $7M | $-5M | $2M | $4M | $5M | $2M | |
| EPS (Basic) | $0.11 | $0.06 | $0.06 | $0.06 | $0.05 | $-0.04 | $0.01 | $0.03 | $0.03 | $0.01 | |
| EPS (Diluted) | $0.11 | $0.06 | $0.06 | $0.06 | $0.05 | $-0.04 | $0.01 | $0.03 | $0.03 | $0.01 | |
| Shares (Basic) | 132,527,000 | 132,526,000 | -264,497,000 | 132,322,000 | 132,322,000 | 132,175,000 | -333,513,000 | 166,737,000 | 166,737,000 | 166,776,000 | |
| Shares (Diluted) | 132,531,000 | 132,526,000 | -264,497,000 | 132,322,000 | 132,322,000 | 132,175,000 | -333,513,000 | 166,737,000 | 166,737,000 | 166,776,000 | |
| EBITDA | $35M | $21M | · | $22M | $20M | $10M | · | · | · | · |
Balance Sheet 27
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $52M | $74M | $34M | $19M | $27M | $114M | $12M | · | · | · | |
| Receivables | $115M | $99M | $79M | $70M | $58M | $48M | $55M | · | · | · | |
| Inventory | $16M | $16M | $11M | $15M | $15M | $10M | $10M | · | · | · | |
| Prepaid Expense | $15M | $12M | $12M | $9M | $8M | $8M | $18M | · | · | · | |
| Current Assets | $385M | $370M | $291M | $261M | $242M | $302M | $202M | · | · | · | |
| PP&E (Net) | $126M | $107M | $95M | $83M | $79M | $63M | $61M | · | · | · | |
| PP&E (Gross) | $173M | $150M | $135M | $119M | $112M | $93M | $88M | · | · | · | |
| Accum. Depreciation | $47M | $43M | $39M | $36M | $33M | $30M | $27M | · | · | · | |
| Goodwill | $498M | $439M | $353M | $302M | $302M | $225M | $225M | · | · | · | |
| Intangibles | $327M | $400M | $286M | $245M | $251M | $205M | $209M | · | · | · | |
| Other Non-current Assets | $933M | $940M | $717M | $624M | $633M | $510M | $511M | · | · | · | |
| Total Assets | $1.44B | $1.42B | $1.10B | $968M | $954M | $875M | $774M | · | · | · | |
| Accounts Payable | $45M | $38M | $32M | $33M | $28M | $25M | $28M | · | · | · | |
| Short-term Debt | $6M | $6M | $4M | $3M | $3M | $7M | $7M | · | · | · | |
| Current Liabilities | $108M | $105M | $89M | $91M | $88M | $90M | $115M | · | · | · | |
| Capital Leases | $14M | $9M | $5M | $5M | $6M | $5M | $5M | · | · | · | |
| Deferred Tax | $46M | $46M | $48M | $31M | $25M | $26M | $25M | · | · | · | |
| Other Non-current Liabilities | $7M | $7M | $8M | $2M | $2M | $3M | $3M | · | · | · | |
| Total Liabilities | $1.02B | $1.01B | $721M | $599M | $592M | $526M | $578M | · | · | · | |
| Total Debt | $11M | $11M | · | $6M | $6M | $14M | · | · | · | · | |
| Common Stock | $133.0K | $133.0K | $132.0K | $132.0K | $132.0K | $132.0K | $0 | · | · | · | |
| Paid-in Capital | $390M | $389M | $373M | $368M | $368M | $362M | $204M | · | · | · | |
| Retained Earnings | $31M | $17M | $9M | $1M | $-6M | $-13M | $-8M | · | · | · | |
| AOCI | $75.0K | $75.0K | $75.0K | $75.0K | $75.0K | $75.0K | $75.0K | · | · | · | |
| Stockholders' Equity | $421M | $406M | $383M | $369M | $361M | $349M | $196M | · | · | · | |
| Liabilities + Equity | $1.44B | $1.42B | $1.10B | $968M | $954M | $875M | $774M | · | · | · | |
| Shares Outstanding | 132,533,486 | 132,526,299 | 132,322,435 | 132,322,435 | 132,322,435 | 132,174,593 | 0 | · | · | · |
Cash Flow 11
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $15M | $17M | $13M | $11M | $10M | $9M | $9M | $8M | $8M | $7M | |
| Stock-based Comp | $1M | $0 | $0 | $0 | $0 | $1M | $248.0K | $248.0K | $246.0K | $251.0K | |
| Deferred Tax | $-171.0K | $-2M | $5M | $6M | $-2M | $1M | $-3M | $-3M | $-4M | $-1M | |
| Amort. of Intangibles | · | · | · | · | · | $4M | · | · | · | $4M | |
| Operating Cash Flow | $-3M | $209.0K | $9M | $131.0K | $-17M | $-14M | $8M | $10M | $6M | $3M | |
| CapEx | $14M | $7M | $5M | $7M | $4M | $5M | $4M | $5M | $5M | $2M | |
| Investing Cash Flow | $-14M | $-218M | $-90M | $-7M | $-130M | $-11M | $-4M | $-5M | $-5M | $-32M | |
| Financing Cash Flow | $-5M | $257M | $97M | $-2M | $61M | $127M | $563.0K | $-2M | $-4M | $31M | |
| Net Change in Cash | $-22M | $40M | $15M | $-9M | $-86M | $102M | $4M | $3M | $-3M | $2M | |
| Taxes Paid | $8M | $3M | $4M | $2M | $7M | $4M | $41.0K | $-719.0K | · | · | |
| Free Cash Flow | · | $-7M | · | · | · | $-19M | · | · | · | · |
Profitability 8
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 43.0% | 42.2% | · | 41.0% | 40.8% | 39.4% | · | · | · | · | |
| Operating Margin | 19.1% | 14.2% | · | 17.9% | 17.5% | 10.0% | · | · | · | · | |
| Net Margin | 7.7% | 5.1% | · | 6.3% | 5.9% | -4.8% | · | · | · | · | |
| Pretax Margin | 10.6% | 5.7% | · | 9.7% | 7.5% | -1.5% | · | · | · | · | |
| EBITDA Margin | 19.1% | 14.2% | · | 17.9% | 17.5% | 10.0% | · | · | · | · | |
| ROA | 1.2% | 0.68% | · | 1.6% | 1.4% | -1.1% | · | · | · | · | |
| ROE | 3.6% | 2.1% | · | 4.1% | 3.8% | -2.8% | · | · | · | · | |
| ROIC | 5.9% | 4.7% | · | 3.8% | 4.3% | 8.8% | · | · | · | · |
Liquidity & Solvency 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.6 | 3.5 | · | 2.9 | 2.7 | 3.3 | · | · | · | · | |
| Quick Ratio | 1.5 | 1.6 | · | 1.0 | 1.0 | 1.8 | · | · | · | · | |
| Debt / Equity | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | · | · | · |
Efficiency 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.1 | · | 0.3 | 0.2 | 0.2 | · | · | · | · | |
| Inventory Turnover | 6.7 | 6.6 | · | 9.3 | 9.2 | 11.6 | · | · | · | · | |
| Receivables Turnover | 2.1 | 2.1 | · | 3.5 | 4.0 | 4.2 | · | · | · | · |
Valuation (TTM) 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $570M | $488M | · | $423M | $386M | $354M | · | · | · | · | |
| Net Income TTM | $36M | $17M | · | $14M | $11M | $6M | · | · | · | · | |
| Market Cap | $6.62B | $10.61B | · | $9.55B | $6.67B | $4.42B | · | · | · | · | |
| Enterprise Value | $6.58B | $10.55B | · | $9.54B | $6.64B | $4.32B | · | · | · | · | |
| P/E | 178.3 | 615.8 | · | 722.0 | 719.6 | 1114.0 | · | · | · | · | |
| P/S | 11.6 | 21.7 | · | 22.6 | 17.3 | 12.5 | · | · | · | · | |
| P/B | 15.7 | 26.1 | · | 25.9 | 18.4 | 12.7 | · | · | · | · | |
| P / Cash Flow | · | 50759.5 | · | · | · | -325.2 | · | · | · | · | |
| P / FCF | · | -1480.4 | · | · | · | -237.2 | · | · | · | · | |
| EV / EBITDA | 188.8 | 491.6 | · | 437.4 | 330.4 | 433.4 | · | · | · | · | |
| EV / FCF | · | -1471.7 | · | · | · | -231.8 | · | · | · | · | |
| EV / Revenue | 11.5 | 21.6 | · | 22.6 | 17.2 | 12.2 | · | · | · | · | |
| Earnings Yield | 0.56% | 0.16% | · | 0.14% | 0.14% | 0.09% | · | · | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | |
|---|---|---|---|---|
| Revenue | $472M | $345M | $281M | $226M |
| Gross Margin % | 40.3% | 38.3% | — | — |
| Operating Margin % | 15.5% | 18.4% | — | — |
| Net Income | $17M | $13M | $4M | $-14M |
| Diluted EPS | $0.13 | $0.08 | $0.03 | $-0.09 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | |
|---|---|---|---|---|
| Debt / Equity | 0.0 | — | — | — |
| Current Ratio | 3.3 | 1.8 | — | — |
| Quick Ratio | 1.3 | 0.6 | — | — |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | |
|---|---|---|---|---|
| Free Cash Flow | $-42M | $11M | — | — |
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Institutional owners (13F) 386 filers · $5.2B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 102 (-20 vs prior Q) | 89 (+50 vs prior Q) | 153 (+36 vs prior Q) | 85 (-1 vs prior Q) | +25.5M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| FMR LLC | $302,204,548 | 6,053,777 | 5.77% | Shares |
| STATE STREET CORP | $254,520,233 | 5,099,199 | 4.86% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $239,388,015 | 4,795,433 | 4.57% | Shares |
| FIRST TRUST ADVISORS LP | $236,619,393 | 4,739,974 | 4.52% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $215,604,530 | 4,319,001 | 4.12% | Shares |
| AMERIPRISE FINANCIAL INC | $203,219,157 | 4,070,438 | 3.88% | Shares |
| Alyeska Investment Group, L.P. | $178,937,192 | 3,584,479 | 3.42% | Shares |
| DONALDSON CAPITAL MANAGEMENT, LLC | $174,791,535 | 3,501,433 | 3.34% | Shares |
| GCM Grosvenor Holdings, LLC | $165,702,751 | 3,319,366 | 3.17% | Shares |
| KHIS Custodian LP | $142,084,301 | 2,846,240 | 2.72% | Shares |
| Lexington Partners L.P. | $129,279,521 | 2,589,734 | 2.47% | Shares |
| Falcon Wealth Planning | $128,266,295 | 2,569,437 | 2.45% | Shares |
| VAN ECK ASSOCIATES CORP | $119,228,778 | 2,388,397 | 2.28% | Shares |
| TimesSquare Capital Management, LLC | $101,286,384 | 1,265,289 | 1.94% | Shares |
| Hood River Capital Management LLC | $95,646,371 | 1,915,993 | 1.83% | Shares |
| Capital World Investors | $94,626,006 | 1,895,553 | 1.81% | Shares |
| Stephens Investment Management Group LLC | $85,099,473 | 1,704,717 | 1.63% | Shares |
| Trustees of the University of Pennsylvania | $82,496,195 | 1,652,568 | 1.58% | Shares |
| Mass General Brigham, Inc | $77,977,736 | 1,562,054 | 1.49% | Shares |
| Schusterman Interests, LLC | $75,243,767 | 1,507,287 | 1.44% | Shares |
| Clearbridge Investments, LLC | $72,635,145 | 1,455,031 | 1.39% | Shares |
| BAMCO INC /NY/ | $72,427,830 | 1,450,878 | 1.38% | Shares |
| StepStone Group LP | $70,229,466 | 877,320 | 1.34% | Shares |
| AMERICAN CENTURY COMPANIES INC | $69,211,192 | 1,386,441 | 1.32% | Shares |
| PRUDENTIAL FINANCIAL INC | $68,230,506 | 1,366,797 | 1.30% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $65,033,509 | 1,302,260 | 1.24% | Shares |
| Capital International Investors | $64,505,975 | 1,292,187 | 1.23% | Shares |
| ALLIANCEBERNSTEIN L.P. | $56,717,827 | 708,530 | 1.08% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $54,192,503 | 1,085,587 | 1.04% | Shares |
| Castle Hook Partners LP | $51,571,304 | 1,033,079 | 0.99% | Shares |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | $48,794,903 | 977,462 | 0.93% | Shares |
| Lido Advisors, LLC | $43,430,400 | 870,000 | 0.83% | Put option |
| CONGRESS ASSET MANAGEMENT CO | $43,096,335 | 863,308 | 0.82% | Shares |
| Conestoga Capital Advisors, LLC | $39,860,920 | 798,496 | 0.76% | Shares |
| GOLDMAN SACHS GROUP INC | $39,033,746 | 781,926 | 0.75% | Shares |
| Bregal General Partner Jersey Ltd | $38,826,877 | 777,782 | 0.74% | Shares |
| Mirae Asset Global Investments Co., Ltd. | $36,353,641 | 728,238 | 0.69% | Shares |
| ZEVENBERGEN CAPITAL INVESTMENTS LLC | $36,012,238 | 721,399 | 0.69% | Shares |
| ROBERT WOOD JOHNSON FOUNDATION | $35,185,064 | 704,829 | 0.67% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $31,189,317 | 624,786 | 0.60% | Shares |
| NORGES BANK | $30,596,218 | 612,905 | 0.58% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $30,008,659 | 601,135 | 0.57% | Shares |
| Artisan Partners Limited Partnership | $29,337,834 | 587,697 | 0.56% | Shares |
| JENNISON ASSOCIATES LLC | $28,226,437 | 565,433 | 0.54% | Shares |
| Woodline Partners LP | $27,534,175 | 551,566 | 0.53% | Shares |
| J. Goldman & Co LP | $26,583,648 | 532,525 | 0.51% | Shares |
| Champlain Investment Partners, LLC | $25,999,035 | 520,814 | 0.50% | Shares |
| Jain Global LLC | $23,531,040 | 471,375 | 0.45% | Shares |
| JANE STREET GROUP, LLC | $21,675,264 | 434,200 | 0.41% | Put option |
| DIMENSIONAL FUND ADVISORS LP | $20,968,247 | 420,037 | 0.40% | Shares |
| Lido Advisors, LLC | $20,772,860 | 416,123 | 0.40% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $19,813,248 | 396,900 | 0.38% | Put option |
| Daiwa Securities Group Inc. | $19,732,228 | 395,277 | 0.38% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $19,355,781 | 387,736 | 0.37% | Shares |
| JANE STREET GROUP, LLC | $18,829,824 | 377,200 | 0.36% | Call option |
| LBP AM SA | $18,471,149 | 370,015 | 0.35% | Shares |
| CITADEL ADVISORS LLC | $18,074,484 | 362,069 | 0.35% | Shares |
| Balyasny Asset Management L.P. | $16,872,411 | 337,989 | 0.32% | Shares |
| FRED ALGER MANAGEMENT, LLC | $16,484,183 | 330,212 | 0.31% | Shares |
| Focus Partners Wealth | $16,038,799 | 321,290 | 0.31% | Shares |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | $15,555,322 | 311,605 | 0.30% | Shares |
| Burkehill Global Management, LP | $14,976,000 | 300,000 | 0.29% | Shares |
| CITADEL ADVISORS LLC | $14,966,016 | 299,800 | 0.29% | Put option |
| RAYMOND JAMES FINANCIAL INC | $14,947,645 | 299,432 | 0.29% | Shares |
| MILLENNIUM MANAGEMENT LLC | $14,142,586 | 283,305 | 0.27% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $14,100,603 | 282,464 | 0.27% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $13,916,648 | 278,779 | 0.27% | Shares |
| Ranger Investment Management, L.P. | $13,901,971 | 278,485 | 0.27% | Shares |
| Cartenna Capital, LP | $12,480,000 | 250,000 | 0.24% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $12,115,584 | 242,700 | 0.23% | Call option |
| Freestone Grove Partners LP | $11,980,900 | 240,002 | 0.23% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $11,820,157 | 236,782 | 0.23% | Shares |
| Bank of New York Mellon Corp | $11,517,642 | 230,722 | 0.22% | Shares |
| NEUBERGER BERMAN GROUP LLC | $11,243,581 | 225,232 | 0.21% | Shares |
| SEVEN GRAND MANAGERS, LLC | $11,232,000 | 225,000 | 0.21% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $10,434,778 | 209,030 | 0.20% | Shares |
| National Philanthropic Trust | $9,984,000 | 200,000 | 0.19% | Shares |
| Ghisallo Capital Management LLC | $9,984,000 | 200,000 | 0.19% | Shares |
| SEGALL BRYANT & HAMILL, LLC | $9,647,040 | 193,250 | 0.18% | Shares |
| Vident Advisory, LLC | $8,604,910 | 172,374 | 0.16% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $8,330,500 | 166,877 | 0.16% | Shares |
| NEXT CENTURY GROWTH INVESTORS LLC | $8,087,788 | 162,015 | 0.15% | Shares |
| LOOMIS SAYLES & CO L P | $7,913,868 | 158,531 | 0.15% | Shares |
| Longaeva Partners L.P. | $7,779,183 | 155,833 | 0.15% | Shares |
| TWO SIGMA INVESTMENTS, LP | $7,604,364 | 152,331 | 0.15% | Shares |
| Granahan Investment Management, LLC | $7,215,636 | 144,544 | 0.14% | Shares |
| Walleye Capital LLC | $7,126,729 | 142,763 | 0.14% | Shares |
| WCM INVESTMENT MANAGEMENT, LLC | $6,840,427 | 145,232 | 0.13% | Shares |
| Badgley Phelps Wealth Managers, LLC | $6,454,262 | 129,292 | 0.12% | Shares |
| Select Equity Group, L.P. | $6,416,867 | 128,543 | 0.12% | Shares |
| Bank Julius Baer & Co. Ltd, Zurich | $6,336,046 | 127,676 | 0.12% | Shares |
| FIFTH THIRD BANCORP | $6,217,450 | 124,548 | 0.12% | Shares |
| CITADEL ADVISORS LLC | $6,180,096 | 123,800 | 0.12% | Call option |
| AustralianSuper Pty Ltd | $6,125,034 | 122,697 | 0.12% | Shares |
| Cinctive Capital Management LP | $6,049,555 | 121,185 | 0.12% | Shares |
| Swiss National Bank | $5,975,424 | 119,700 | 0.11% | Shares |
| Schonfeld Strategic Advisors LLC | $5,792,267 | 116,031 | 0.11% | Shares |
| Summit Trail Advisors, LLC | $5,720,483 | 114,593 | 0.11% | Shares |
| Bridgewater Associates, LP | $5,705,357 | 114,290 | 0.11% | Shares |
| READYSTATE ASSET MANAGEMENT LP | $5,674,656 | 113,675 | 0.11% | Shares |
Company insiders 12 insiders · 5 officers · 7 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Jon Rambeau | Chief Executive Officer | May 21, 2026 A | 99,937 | 0 | 0 | $0 |
| Michael Willis | Chief Financial Officer | May 21, 2026 A | 689 | 0 | 1 | $-6,742,450 |
| Jonathan Beaudoin | Chief Operating Officer | May 21, 2026 A | 667,550 | 0 | 1 | $-4,713,060 |
| Doug Laurendeau | Chief Growth Officer | May 21, 2026 A | 10,864 | 0 | 0 | $0 |
| Stephanie Sawhill | Former Chief Growth Officer | May 21, 2026 A | 505,628 | 0 | 1 | $-3,963,660 |
| John Hamilton | Director | May 21, 2026 A | 56,758 | 0 | 0 | $0 |
| David Stinnett | Director | May 21, 2026 A | 3,503,395 | 0 | 0 | $0 |
| Matthew Alty | Director | May 21, 2026 A | 2,363 | 0 | 0 | $0 |
| Anthony Koblinski | Director | May 21, 2026 A | 1,149 | 0 | 4 | $-19,627,500 |
| Stephen Twitty | Director | May 21, 2026 A | 2,363 | 0 | 0 | $0 |
| Brian Raduenz | Director | May 21, 2026 A | 2,363 | 0 | 1 | $-6,120,000 |
| Mary D Petryszyn | Director | May 21, 2026 A | 2,363 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 61 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| CSMD · Professionally Managed Portfolios | 2.14% | 136,349 NS | April 30, 2026 | N-PORT |
| RZG · Invesco Exchange-Traded Fund Trust | 1.61% | 38,449 SH | Aug. 8, 2026 | Daily |
| PSCI · Invesco Exchange-Traded Fund Trust … | 1.58% | 53,481 SH | Aug. 8, 2026 | Daily |
| SPIT · RBB Fund, Inc. | 1.06% | 4,472 NS | April 30, 2026 | N-PORT |
| SHLD · Global X Funds | 0.83% | 1,158,205 NS | May 31, 2026 | N-PORT |
| MMSC · First Trust Exchange-Traded Fund VI… | 0.71% | 6,464 NS | May 31, 2026 | N-PORT |
| CGMM · Capital Group Equity ETF Trust I | 0.60% | 292,219 NS | May 31, 2026 | N-PORT |
| IJT · iShares Trust | 0.56% | 848,326 SH | Aug. 8, 2026 | Daily |
| UFO · Procure ETF Trust II | 0.56% | 61,765 NS | April 30, 2026 | N-PORT |
| FWD · AB Active ETFs, Inc. | 0.50% | 251,890 NS | May 31, 2026 | N-PORT |
| FFSM · FIDELITY COVINGTON TRUST | 0.48% | 91,138 NS | April 30, 2026 | N-PORT |
| FNY · First Trust Exchange-Traded AlphaDE… | 0.45% | 34,262 NS | April 30, 2026 | N-PORT |
| PPA · Invesco Exchange-Traded Fund Trust | 0.45% | 671,453 SH | Aug. 8, 2026 | Daily |
| FXR · First Trust Exchange-Traded AlphaDE… | 0.36% | 37,225 NS | April 30, 2026 | N-PORT |
| ITA · iShares Trust | 0.34% | 933,825 SH | Aug. 8, 2026 | Daily |
| DFEN · Direxion Shares ETF Trust | 0.31% | 16,723 NS | April 30, 2026 | N-PORT |
| IJR · iShares Trust | 0.28% | 5,579,290 SH | Aug. 8, 2026 | Daily |
| ILDR · First Trust Exchange-Traded Fund VI… | 0.24% | 12,097 NS | May 31, 2026 | N-PORT |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.23% | 45,463 NS | April 30, 2026 | N-PORT |
| ISCG · iShares Trust | 0.22% | 39,123 SH | Aug. 8, 2026 | Daily |
| VBK · VANGUARD INDEX FUNDS | 0.15% | 1,491,223 SH | Aug. 8, 2026 | Daily |
| BKMC · BNY Mellon ETF Trust | 0.14% | 12,410 NS | April 30, 2026 | N-PORT |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.13% | 9,418 NS | April 30, 2026 | N-PORT |
| JMOM · J.P. Morgan Exchange-Traded Fund Tr… | 0.13% | 42,259 NS | April 30, 2026 | N-PORT |
| TRFM · ETF Series Solutions | 0.13% | 2,995 NS | April 30, 2026 | N-PORT |
| SMLF · iShares Trust | 0.13% | 97,255 SH | Aug. 8, 2026 | Daily |
| FFLG · FIDELITY COVINGTON TRUST | 0.13% | 10,908 NS | April 30, 2026 | N-PORT |
| IWP · iShares Trust | 0.11% | 394,878 SH | Aug. 8, 2026 | Daily |
| ISCB · iShares Trust | 0.11% | 5,533 SH | Aug. 8, 2026 | Daily |
| SCHA · SCHWAB STRATEGIC TRUST | 0.09% | 369,606 NS | May 31, 2026 | N-PORT |
| VB · VANGUARD INDEX FUNDS | 0.07% | 2,579,126 SH | Aug. 8, 2026 | Daily |
| MADE · iShares Trust | 0.07% | 779 SH | Aug. 8, 2026 | Daily |
| ESML · iShares Trust | 0.06% | 32,898 SH | Aug. 8, 2026 | Daily |
| FIDU · FIDELITY COVINGTON TRUST | 0.05% | 15,604 NS | April 30, 2026 | N-PORT |
| SMMD · iShares Trust | 0.05% | 34,125 SH | Aug. 8, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.05% | 1,049,003 SH | Aug. 8, 2026 | Daily |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.05% | 14,369 NS | April 30, 2026 | N-PORT |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.05% | 6,684 SH | Aug. 8, 2026 | Daily |
| IYJ · iShares Trust | 0.04% | 15,477 SH | Aug. 8, 2026 | Daily |
| FBCG · FIDELITY COVINGTON TRUST | 0.04% | 38,721 NS | April 30, 2026 | N-PORT |
| VIS · VANGUARD WORLD FUND | 0.04% | 72,546 SH | Aug. 8, 2026 | Daily |
| WSML · iShares Trust | 0.03% | 3,754 SH | Aug. 8, 2026 | Daily |
| IWR · iShares Trust | 0.03% | 278,323 SH | Aug. 8, 2026 | Daily |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.02% | 2,040 NS | May 31, 2026 | N-PORT |
| IWF · iShares Trust | 0.01% | 258,035 SH | Aug. 8, 2026 | Daily |
| GGUS · Goldman Sachs ETF Trust | 0.01% | 902 NS | May 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.01% | 3,574,008 SH | Aug. 8, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.01% | 11,623 SH | Aug. 8, 2026 | Daily |
| VONG · VANGUARD SCOTTSDALE FUNDS | 0.01% | 108,623 SH | Aug. 8, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.01% | 4,263 SH | Aug. 8, 2026 | Daily |