What smart money is saying about KKR & Co. Inc.
16 funds in our archive have pitched KKR & Co. Inc., most recently Acatis in December 2026.
KKR & Co. Inc. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments. The firm considers investments in all industries with a focus on software, security, semiconductors, consumer electronics, internet of things (iot), internet, information services, information technology infrastructure, financial technology, network and cyber security architecture, engineering and operations, content, technology and hardware, energy and infrastructure, real estate, services industry with a focus on business services, intelligence, industry-leading franchises and companies in natural resource, containers and packaging, agriculture, airports, ports, forestry, electric utilities, textiles, apparel and luxury goods, household durables, digital media, insurance, brokerage houses, non-durable goods distribution, supermarket retailing, grocery stores, food, beverage, and tobacco, hospitals, entertainment venues and production companies, publishing, printing services, capital goods, financial services, specialized finance, pipelines, and renewable energy. In energy and infrastructure, it focuses on the upstream oil and gas and equipment, minerals and royalties and services verticals. In real estate, the firm seeks to invest in private and public real estate securities including property-level equity, debt and special situations transactions and businesses with significant real estate holdings, and oil and natural gas properties. The firm also invests in asset services sector that encompasses a broad array of B2B, B2C and B2G services verticals including asset-based, transport, logistics, leisure/hospitality, resource and utility support, infra-like, mission-critical, and environmental services. Within Americas, the firm prefers to invest in consumer products; chemicals, metals and mining; energy and natural resources; financial services; healthcare; industrials; media and communications; retail; and technology. Within Europe, the firm invests in consumer and retail; energy; financial services; health care; industrials and chemicals; media and digital; and telecom and technologies. Within Asia, it invests in consumer products; energy and resources; financial services; healthcare; industrials; logistics; media and telecom; retail; real estate; and technology. It also seeks to make impact investments focused on identifying and investing behind businesses with positive social or environmental impact. The firm seeks to invest in mid to high-end residential developments, but can invest in other projects throughout Mainland China through outright ownership, joint ventures, and merger. It invests globally with a focus on Australia, emerging and developed Asia, Middle East and Africa, Nordic, Southeast Asia, Asia Pacific, Ireland, Hong Kong, Japan, Taiwan, India, Vietnam, Malaysia, Singapore, Indonesia, France, Germany, Netherlands, United Kingdom, Caribbean, Mexico, South America, North America, Brazil, Latin America, Korea with a focus on South Korea, and United States of America. In the United States and Europe, the firm focuses on buyouts of large, publicly traded companies. It seeks to invest $30 million to $717 million in companies with enterprise values between $500 million to $2389 million. The firm prefers to invest in a range of debt and public equity investing and may co-invest. It seeks a board seat in its portfolio companies and a controlling ownership of a company or a strategic minority positions. The firm may acquire majority and minority equity interests, particularly when making private equity investments in Asia or sponsoring investments as part of a large investor consortium. The firm typically holds its investment for a period of five to seven years and more and exits through initial public offerings, secondary offerings, and sales to strategic buyers. KKR & Co. Inc. was founded in 1976 and is based in New York, New York with additional offices across North America, Europe, Australia, Sweden and Asia.
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Fund signal · last 12 months
19 lettersMore funds are buying than selling
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q4 2024 and Q4 2026, 23 fund letters reported a position in KKR & Co. Inc., with 4 buys (opened or added) and 2 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q4 2026 | 0 | 0 | 0 | 1 |
| Q3 2026 | 5 | 2 | 0 | 3 |
| Q2 2026 | 8 | 1 | 1 | 1 |
| Q1 2026 | 5 | 1 | 0 | 3 |
| Q4 2025 | 1 | 0 | 0 | 1 |
| Q3 2025 | 3 | 0 | 1 | 2 |
| Q2 2025 | 1 | 0 | 0 | 3 |
| Q1 2025 | 0 | 0 | 0 | 1 |
Showing the 8 most recent quarters of 9 on record. Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 23 positions · 6 moves
- HoldsAkre Focus ETFSeptember 2026
“Brookfield and KKR: Our alternative asset managers routinely bear the brunt of whatever macro fears dominate financial headlines yet have compounded at attractive rates regardless. In the recent words of KKR’s Co-CEO Scott Nuttall: “We've been public for 17 years. [Co-CEO] Joe Bae and I have been here 30. Our space is subject to periodic bouts of external pessimism and periodic bouts of optimism. In our time here, I don't recall a period in which the external perception has been so disconnected from the operating fundamentals and how we feel inside the firm. In our experience, the best response to pessimism is performance, and so we're largely inclined to let the numbers do the talking. But we also recognize all the external narratives. We sympathize with how hard it must be to try to decipher what's what.” We have a lot of empathy with Scott when it comes to this disconnect! The general concerns about private equity find little application to Brookfield and KKR specifically. For example: 4 Visa Token Services Vault, May 2026, VisaNet 2025 card-not-present transactions for tokenized vs. non-tokenized credentials, and Visa Risk Data Warehouse 2025 fraud rates for tokenized vs. non-tokenized credentials. Third Quarter 2026 Akre Capital Management, LLC | 2 West Marshall Street, Middleburg, Virginia 20117 | 540-687-3880 | akrecapital.com | akrefund.com • Private credit is a troubled asset class? o KKR and Brookfield both expect 2026 to be a record fundraising year for their private credit offerings. • AI is going to disrupt KKR and Brookfield’s software investments? o Software is just 6% of assets under management (AUM) for KKR, and the company’s software portfolio has generated high-single-digit organic revenue growth over the last twelve months. Software comprises an even lower percentage of Brookfield’s AUM. • Private equity is struggling to return capital to clients because of bad past investments? o 2026 is expected to be KKR’s largest monetization year in history. We expect KKR and Brookfield to continue to generate strong returns on their investments because of their scale, unique operating capabilities, and differentiated cultures and compensation systems.”
KKR & Co. Inc. - September 2026
Listed in Brown Advisory U.S. Flexible Equity Fund’s reported holdings.
KKR & Co. Inc. - September 2026
“This year, I used volatility to reposition the portfolio further. I sold MBUU after it borrowed money to make an acquisition I was not thrilled about, and RLGT due to my concerns about long-term risk from AI. I also reinitiated an investment in KKR and more than doubled our position in LMB after their share prices fell far more than any reasonable change in my estimate of intrinsic value.”
KKR & Co. Inc. - New positionWS Lindsell Train North American Equity FundJuly 2026
“Amidst the general market turmoil this year, in addition to adding to existing names that have fallen foul – wrongly in our view – of the wider AI trade, we also began accumulating stakes in two new companies.”
KKR & Co. Inc. - HoldsGoodHaven FundJuly 2026
“Returning to our earlier comments about our companies seeing strong recent insider purchases here are a few specifics: In March, Berkshire’s Greg Abel bought approximately $15 million worth of Berkshire shares. Also in March, Builders’ Paul Levy bought approximately $4 million worth of Builders shares. Insiders at KKR, including both co-CEOs, so far this year bought over 500,000 shares or approximately $51 million worth of KKR shares.”
KKR & Co. Inc. - June 2026
“Declines in ServiceNow, Microsoft, KKR, Salesforce and Meta Platforms were among the largest detractors from portfolio performance over the 12 months.”
KKR & Co. Inc. - HoldsSVN Capital FundJune 2026
“Aside from KKR, which I discuss in detail below, the detractors in the first half were Hermès, Dino Polska, and Copart—three names I remain content to own.”
KKR & Co. Inc. - AddedAGT Partners FundJune 2026
“We continue to own several such great companies in our portfolio (DBS, TSMC, Tencent, CNOOC, Sheng Siong, KKR, Apollo, Microsoft etc.) and have selectively added onto them in the past quarter.”
KKR & Co. Inc. - June 2026
“We continue to own several such great companies in our portfolio (DBS, TSMC, Tencent, CNOOC, Sheng Siong, KKR, Apollo, Microsoft etc.) and have selectively added onto them in the past quarter.”
KKR & Co. Inc. - June 2026
Listed in Baron Fifth Avenue Growth Fund’s reported holdings.
KKR & Co. Inc. - June 2026
“PAR and KKR We still own PAR and KKR, but they are not currently top-five holdings, so we will devote more space to the new investments.”
KKR & Co. Inc. - HoldsMontaka Global FundJune 2026
“Performance Deconstruction While Montaka delivered positive returns in the June quarter, performance over the last 12-month period was materially negative – driven overwhelmingly by the declines experienced in the March quarter related to the ‘SaaSpocalypse’ (the selloff in software and AI–exposed names). We shared our detailed analysis of this selloff, and why we believe many competitively advantaged businesses have been drastically oversold in our most recent whitepaper: Where Advantages Lie (and Lie) in the Age of AI . Declines in ServiceNow, Microsoft, KKR, Salesforce and Meta Platforms were among the largest detractors from portfolio performance over the 12 months.”
KKR & Co. Inc. - HoldsAkre Focus ETFJune 2026
“KKR & Co, Inc. 7.1%”
KKR & Co. Inc. - March 2026
“Financials, Health Care, Materials, and Utilities were the leading sources of underperformance for the Fund during the third quarter. Both KKR & Co (KKR) and Equitable Holdings (EQH) were weak as investor worries around the private credit ecosystem accelerated during the period.”
KKR & Co. Inc. - March 2026
“Our two alternative asset manager holdings, Ares Management Corp (ARES) and KKR & Co. (KKR) were under pressure during the first quarter primarily driven by their exposure to private credit as well as Software.”
KKR & Co. Inc. - AddedFlexible Equity FundMarch 2026
“ We trimmed American International Group (AIG), Bank of America Corp (BAC) and First Citizens BancShares, Inc. (FCNCA. We added to KKR & Co (KKR) during the period.”
KKR & Co. Inc. - March 2026
“KKR & Co: KKR was the fifth-largest detractor for the quarter, declining 27% despite a strong recovery in March.”
KKR & Co. Inc. - HoldsAriel Mid Cap ValueMarch 2026
“Alternative asset manager KKR & Co. (KKR) traded lower during the quarter after reporting an earnings miss resulting from weaker transaction fees and lower investment income.”
KKR & Co. Inc. - HoldsAkreDecember 2025
Listed in Akre’s reported holdings.
KKR & Co. Inc. - September 2025
“It also encompasses diversified investment platforms, ranging from the alternative asset management models of KKR and Brookfield (which also provide indirect access to the AI opportunities) to established holding companies like Fairfax and Prosus.”
KKR & Co. Inc. - September 2025
“ We trimmed KKR & Co. (KKR) and added to Charles Schwab (SCHW) and Fiserv (FI) in Financials.”
KKR & Co. Inc. - HoldsBaron FinTech FundSeptember 2025
“Our more credit-sensitive holdings, such as KKR & Co. Inc. and Apollo Global Management, Inc., saw their share prices pull back as investors extrapolated negative headlines to the broader private credit industry.”
KKR & Co. Inc. - June 2025
“What didn’t work... The top negative contributor was KKR & Co. Inc. (KKR), a leading global alternative asset manager.”
KKR & Co. Inc.
Also mentioned · 11
These funds discuss KKR & Co. Inc. as a competitor, benchmark or comparable, without disclosing a position in it.
- MentionedHeartland Value FundSeptember 2026
“In the third quarter, KKR agreed to acquire ITGR for $127 a share, which was in line with our target price and represented a greater than 70% premium to our average cost.”
KKR & Co. Inc. - MentionedCooke & Bieler SMID Cap Value EquitySeptember 2026
“Integer Holdings (ITGR), a leading medical device outsourced design and manufacturing company, was the second-largest contributor. After declining signicantly in response to unexpected but temporary revenue growth shortfalls, the stock’s unusually attractive valuation garnered attention from private equity investors, culminating with the announcement that KKR would acquire the company in an all cash deal for approximately $127 per share.”
KKR & Co. Inc. - MentionedHeartland Advisors Value StrategySeptember 2026
“In the third quarter, KKR agreed to acquire ITGR for $127 a share, which was in line with our target price and represented a greater than 70% premium to our average cost.”
KKR & Co. Inc. - MentionedEast72 Dynasty TrustSeptember 2026
“Books: consistency and cash Things don’t move quickly in the world of book publishing. Simply put, if you are in the business and performing at around the average, it’s a slow growth, stable margin, high return on capital enterprise with prodigious cash flow. As the second largest global player, with real strength in French and Spanish language publishing, Lagardère Publishing exhibits these traits in a major way. The industry is dominated by five players – two of the largest three being subsidiaries of public companies – two – including the largest, Bertelsmann, being (effectively) controlled by private German families and the fifth, Simon and Schuster by private equity investor KKR.”
KKR & Co. Inc. - July 2026
“Securitize has established partnerships with top managers such as Apollo, BlackRock, KKR as well as many others.”
12 more words on why: read Jacob Funds Internet, Small Cap Growth and Discovery Funds’s full commentKKR & Co. Inc. - MentionedBoussard & Gavaudan Gestion Sas Market InsightsJuly 2026
“Meanwhile the announced acquisition of Integer Holdings by KKR at the end of the month further illustrates the strength of the current corporate activity environment.”
KKR & Co. Inc. - June 2026
“Similar to Recordati, the share price performance (+10.7%) was driven primarily by takeover interest following the board's rejection of an initial cash bid from KKR and Energy Capital Partners in late April.”
KKR & Co. Inc. - March 2026
“Financials, Health Care, Materials, and Utilities were the leading sources of underperformance for the strategy during the third quarter. Both KKR & Co (KKR) and Equitable Holdings (EQH) were weak as investor worries around the private credit ecosystem accelerated during the period.”
KKR & Co. Inc. - MentionedVoss Value FundMarch 2026
Named in a table in Voss Value Fund’s letter.
KKR & Co. Inc. - MentionedThird Avenue Small-Cap Value FundMarch 2026
“On a more positive note, last year, Harley-Davidson’s Financial Services (HDFS) business was able to release a very substantial amount of capital through a creative transaction in which it sold a substantial portion of its existing financial receivables and created a future flow agreement for most of its retail motorcycle loans to partners KKR and PIMCO.”
KKR & Co. Inc. - MentionedCove street CapitalJune 2025
“We habitually note in this space and have now booked a Starship flight to take the argument to outer space because it has not seemed relevant for a decade on this planet, credit is arguably more important than the level of interest rates to equity markets. Canaries are apparently extinct as well as coal mines. This summer had record junk debt issuance at spreads as tight as they have ever been. Apollo, Blackrock, KKR, Blue Owl et al continue to raise dollars with impunity.”
KKR & Co. Inc.
Fund coverage · 16 theses
- AcatisDecember 2026
KKR is positioned as a structural winner with stable real assets cash flows and growing private credit demand, with earnings expected to jump in 2026–27.
Read the full thesis - Akre CapitalSeptember 2026
KKR benefits from scale, operating capabilities, multiple growth drivers, and long-term compounding across asset management and balance-sheet investments.
Read the full thesis - 1 Main Capital PartnersSeptember 2026
KKR is a scaled alternative asset manager growing AUM and fee-related earnings, positioned to capture retail flows and industry consolidation, trading at a low multiple of forward earnings.
Read the full thesis - Lindsell Train Global Equity FundJuly 2026
KKR has a diversified alternatives platform with recurring fees, scale benefits, and multiple underappreciated growth engines.
Read the full thesis - SVN Capital FundJune 2026
KKR is a scaled alternative asset manager with multiple fee-generating businesses, strong long-term share gains, a brand moat, insider alignment, and meaningful embedded value.
Read the full thesis - 1 Main CapitalMarch 2026
KKR & Co is a diversified, scaled alternative asset manager with strong fee economics, long AUM runway, limited exposure to feared risks, and attractive valuation supported by insider buying.
Read the full thesis KKR is portrayed as a differentiated alternative asset compounder with a diversified platform, record fundraising, and strong earnings trajectory.
Read the full thesis- Akre CapitalMarch 2026
KKR & Co. is an alternative asset manager with limited exposure to riskier private credit segments, supporting confidence despite sector concerns.
Read the full thesis - SVN CapitalDecember 2025
KKR & Co. Inc. is a diversified alternatives platform with growing fee and insurance earnings positioned to benefit from the secular shift into private markets and expand recurring operating income.
Read the full thesis - Greenhaven Road CapitalSeptember 2025
KKR is a diversified asset manager with significant growth potential despite current market challenges facing alternative asset managers.
Read the full thesis - Baron Fifth Avenue Growth FundSeptember 2025
KKR & Co. Inc. is a leading alternative asset manager poised for growth with a diversified business model and strong fundraising capabilities, targeting $1 trillion in assets under management.
Read the full thesis - SVN CapitalJune 2025
KKR is well-positioned for capital deployment with $116 billion in dry powder, healthy capital raised, and growing Adjusted Net Income, anticipating a revival in deal markets as macro conditions stabilize.
Read the full thesis - Greenhaven Road CapitalJune 2025
KKR is well-positioned for continued growth in assets under management and product offerings, leveraging its strong brand and expanding customer base in the alternative investment sector.
Read the full thesis - Alphyn Capital ManagementJune 2025
KKR & Co Inc is well-positioned for resilient growth due to its robust cash-flow engine, driven by steady management fees, strong insurance earnings, and strategic long-term holdings, despite recent market concerns.
Read the full thesis - Greenhaven Road CapitalMarch 2025
KKR is a resilient alternative asset manager benefiting from asset growth despite trade headwinds, with a diversified portfolio and strong inflows into their K-Series products.
Read the full thesis - MontakaDecember 2024
Blackstone and KKR are poised to significantly benefit from structural growth in Asian wealth, rising global private wealth allocations to alternatives, and increasing partnerships with insurers, alongside an expected acceleration in monetizations in 2025 that will enhance their profits and fundraising capabilities.
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