
What smart money is saying about Knife River Corporation
2 funds in our archive have pitched Knife River Corporation, most recently Brown Advisory Small-Cap Growth Strategy in March 2026.
Knife River Corporation is a U.S.-based entity focused on supplying aggregate-derived building materials and offering related contracting services. Its business activities are structured across six distinct operational segments: Pacific, Northwest, Mountain, North Central, South, and Energy Services. The company is involved in extracting, processing, and distributing crucial construction aggregates, including varieties of crushed stone, sand, and gravel. Additionally, it produces and sells both asphalt and ready-mix concrete. To support these core product lines, Knife River also performs various contracting tasks, such as heavy-civil construction, paving with asphalt and concrete, and comprehensive site development and grading work. Its primary clients are governmental bodies at the federal, state, and municipal levels, for whom it undertakes a wide range of public infrastructure initiatives. These projects often include highways, bridges, airports, educational facilities, public buildings, and other foundational community works. Founded in 1917, the organization is headquartered in Bismarck, North Dakota.
Get an email when a fund buys, sells or pitches it
Position history
Between Q2 2025 and Q3 2026, 3 fund letters reported a position in Knife River Corporation, with no move described.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 2 | 0 | 0 | 0 |
| Q1 2026 | 0 | 0 | 0 | 1 |
| Q3 2025 | 1 | 0 | 0 | 0 |
| Q2 2025 | 0 | 0 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 3 positions
- September 2026
“• Knife River, a provider of construction materials and contracting services, underperformed on weak construction sentiment across residential, non-residential and infrastructure markets, compounded by limited progress toward its margin expansion goals and increased activist involvement.”
Knife River Corporation - September 2026
“AppLovin, Knife River and Watsco were among the detractors.”
Knife River Corporation - September 2025
“consumption levels across the alcohol industry. Knife River, a provider of aggregates and construction services, experienced a slowdown due to concerns related to federally funded construction programs, weather-related slowdowns, and concerns around environmental delays.”
Knife River Corporation
Fund coverage · 2 theses
- Brown Advisory Small-Cap Growth StrategyMarch 2026
Knife River Corporation is a vertically integrated construction materials business seeing stronger demand and potential pricing and margin growth.
Read the full thesis - Riverwater Small Cap StrategyJune 2025
Knife River Corporation (KNF) is a vertically integrated construction materials firm benefiting from strong demand driven by infrastructure investments, with expanding margins and significant public project exposure.
Read the full thesis
Read every full thesis on Knife River Corporation
Read all 2 theses in full, with each fund's reasoning, and get unlimited access to the archive.
View plans→