What smart money is saying about Kratos Defense & Security Solutions, Inc.
2 funds in our archive have pitched Kratos Defense & Security Solutions, Inc. — most recently Merion Road in June 2025.
Kratos Defense & Security Solutions, Inc. operates as a government contractor of the U.S. Department of Defense. The company operates through two segments, Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment offers microwave electronic products, space and satellite communications, training and cybersecurity/ warfare, C5ISR/ modular systems, turbine technologies, and defense and rocket support services. The Unmanned Systems segment provides unmanned aerial systems, and unmanned ground and seaborne systems. It serves national security related agencies, the department of defense, intelligence agencies, and classified agencies, as well as international government agencies and domestic and international commercial customers. Kratos Defense & Security Solutions, Inc. was incorporated in 1994 and is headquartered in San Diego, California.
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Position history
Between Q2 2025 and Q2 2026, 3 fund letters reported a position in Kratos Defense & Security Solutions, Inc. — 1 opened or added to the position.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 3 | 1 | 0 | 0 |
| Q2 2025 | 0 | 0 | 0 | 2 |
Fund activity · 3 positions · 1 move
- June 2026
“Defense contractors Kratos Defense & Security Solutions, Inc. and Karman Holdings Inc. gave back some of their large gains from the prior quarter, as the war in the Middle East appeared to near an end.”
Kratos Defense & Security Solutions, Inc. - June 2026
“TOP DETRACTORS Cloudflare, Inc. detracted from relative performance as the fund’s positioning limited participation in a strong benchmark holding within cloud infrastructure and cybersecurity. While the company remains tied to attractive secular themes, its benchmark weight and strong stock performance created a relative headwind during the quarter. Kratos Defense & Security Solutions, Inc. was another detractor as defense- oriented holdings generally lagged after a strong performance run in the previous quarter.”
Kratos Defense & Security Solutions, Inc. - June 2026
“Similar to Karman, shares of leading defense technology provider Kratos Defense & Security Solutions, Inc. declined during the quarter as sentiment toward high-multiple small- and mid- cap defense companies weakened amid increased uncertainty surrounding the pace of defense budget growth and a reversal in momentum-driven investor flows. We remain investors and used recent weakness to add to our position.”
Kratos Defense & Security Solutions, Inc.
Fund coverage · 2 theses
- Merion RoadJune 2025
Kratos is a leading pure-play defense company specializing in hypersonic technologies and unmanned aircraft, known for its cost-effective and rapid product development, which positions it favorably in the growing defense market.
Read the full thesis - Baron Discovery FundJune 2025
Kratos is poised for accelerated growth due to its successful investments in high-demand defense technologies and increased funding from global militaries.
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