Who owns KFII (KFII)
Which tracked institutional funds hold KFII, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See KFII company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
17 tracked funds added or opened KFII while 7 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
KFII’s largest tracked holder by dollar value, TENOR CAPITAL MANAGEMENT Co., L.P., sizes it at 0.3% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.2pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in KFII divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 52 tracked filers holding KFII, 20 increased or opened the position and 12 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in KFII between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 7
- HGC Investment Management Inc.$6M
- Parallax Volatility Advisers, L.P.$2M
- SONA ASSET MANAGEMENT (US) LLC$1M
- JPMORGAN CHASE & CO$1M
- HIGHBRIDGE CAPITAL MANAGEMENT LLC$1M
- Quarry LP$1M
Full exits 1
- Driehaus Capital Management LLC$7M
Largest adds
- METEORA CAPITAL, LLC$5M
- Verition Fund Management LLC$3M
- Shaolin Capital Management LLC$2M
- D. E. Shaw & Co., Inc.$2M
- TORONTO DOMINION BANK$1M
- GLAZER CAPITAL, LLC$1M
Largest trims
- Westchester Capital Management, LLC$4M
- WOLVERINE ASSET MANAGEMENT LLC$3M
- Jain Global LLC$2M
- Periscope Capital Inc.$646K
- Schonfeld Strategic Advisors LLC$585K
- AQR Arbitrage LLC$353K
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| TENOR CAPITAL MANAGEMENT Co., L.P. | 2,001,000 | $21M | 6.8% | 2026-Q1 |
| Westchester Capital Management, LLC trimmed | 1,476,268 | $15M | 5.1% | 2026-Q1 |
| D. E. Shaw & Co., Inc. added | 1,422,909 | $15M | 4.9% | 2026-Q1 |
| Karpus Management, Inc. trimmed | 1,317,137 | $14M | 4.5% | 2026-Q1 |
| GLAZER CAPITAL, LLC added | 1,300,000 | $14M | 4.4% | 2026-Q1 |
| Hudson Bay Capital Management LP | 1,257,080 | $13M | 4.3% | 2026-Q1 |
| Linden Advisors LP | 1,250,000 | $13M | 4.3% | 2026-Q1 |
| Magnetar Financial LLC | 1,250,000 | $13M | 4.3% | 2026-Q1 |
| Alberta Investment Management Corp | 1,237,500 | $13M | 4.2% | 2026-Q1 |
| BERKLEY W R CORP added | 1,074,855 | $11M | 3.7% | 2026-Q1 |
| PICTON MAHONEY ASSET MANAGEMENT | 1,000,000 | $10M | 3.4% | 2026-Q1 |
| AQR Arbitrage LLC trimmed | 951,604 | $10M | 3.3% | 2026-Q1 |
| WOLVERINE ASSET MANAGEMENT LLC trimmed | 948,831 | $10M | 3.2% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP | 876,886 | $9M | 3.0% | 2026-Q1 |
| LMR Partners LLP | 750,000 | $8M | 2.6% | 2026-Q1 |
| Radcliffe Capital Management, L.P. added | 671,808 | $7M | 2.3% | 2026-Q1 |
| HGC Investment Management Inc. new | 550,000 | $6M | 1.9% | 2026-Q1 |
| Shaolin Capital Management LLC added | 546,414 | $6M | 1.9% | 2026-Q1 |
| Schonfeld Strategic Advisors LLC trimmed | 539,240 | $6M | 1.8% | 2026-Q1 |
| Verition Fund Management LLC added | 534,101 | $6M | 1.8% | 2026-Q1 |
| MOORE CAPITAL MANAGEMENT, LP | 500,000 | $5M | 1.7% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC | 499,700 | $5M | 1.7% | 2026-Q1 |
| METEORA CAPITAL, LLC added | 494,828 | $5M | 1.7% | 2026-Q1 |
| RIVERNORTH CAPITAL MANAGEMENT, LLC trimmed | 484,513 | $5M | 1.7% | 2026-Q1 |
| MANGROVE PARTNERS IM, LLC | 450,000 | $5M | 1.5% | 2026-Q1 |
| Periscope Capital Inc. trimmed | 375,000 | $4M | 1.3% | 2026-Q1 |
| TORONTO DOMINION BANK added | 350,000 | $4M | 1.2% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC | 338,138 | $4M | 1.2% | 2026-Q1 |
| MIZUHO SECURITIES USA LLC added | 307,857 | $3M | 1.0% | 2026-Q1 |
| Jain Global LLC trimmed | 252,637 | $3M | 0.9% | 2026-Q1 |
| Centiva Capital, LP | 250,000 | $3M | 0.9% | 2026-Q1 |
| Polar Asset Management Partners Inc. | 250,000 | $3M | 0.9% | 2026-Q1 |
| L1 Global Manager Pty Ltd | 250,000 | $3M | 0.9% | 2026-Q1 |
| WHITEBOX ADVISORS LLC | 225,000 | $2M | 0.8% | 2026-Q1 |
| Parallax Volatility Advisers, L.P. new | 176,553 | $2M | 0.6% | 2026-Q1 |
| DLD Asset Management, LP | 151,135 | $2M | 0.5% | 2026-Q1 |
| GRITSTONE ASSET MANAGEMENT LLC | 148,743 | $2M | 0.5% | 2026-Q1 |
| UBS Group AG added | 117,719 | $1M | 0.4% | 2026-Q1 |
| SONA ASSET MANAGEMENT (US) LLC new | 107,873 | $1M | 0.4% | 2026-Q1 |
| JPMORGAN CHASE & CO new | 106,065 | $1M | 0.4% | 2026-Q1 |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC new | 106,065 | $1M | 0.4% | 2026-Q1 |
| First Trust Capital Management L.P. | 102,342 | $1M | 0.4% | 2026-Q1 |
| RLH Capital LLC new | 100,000 | $1M | 0.3% | 2026-Q1 |
| Quarry LP new | 100,000 | $1M | 0.3% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 83,571 | $872K | 0.3% | 2026-Q1 |
| Kepos Capital LP | 50,000 | $522K | 0.2% | 2026-Q1 |
| Clear Street Group Inc. | 47,022 | $490K | 0.2% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS new | 39,076 | $408K | 0.1% | 2026-Q1 |
| Logan Stone Capital, LLC added | 38,122 | $398K | 0.1% | 2026-Q1 |
| ABC ARBITRAGE SA | 25,000 | $261K | 0.1% | 2026-Q1 |
| ROBINSON CAPITAL MANAGEMENT, LLC | 15,250 | $160K | 0.1% | 2026-Q1 |
| MORGAN STANLEY trimmed | 62 | $647 | 0.0% | 2026-Q1 |
| MIZUHO SECURITIES USA LLC new | 850,600 | $8M | 2.8% | 2025-Q1 stale |
| Driehaus Capital Management LLC trimmed | 725,185 | $7M | 2.5% | 2025-Q4 stale |
| CLEAR STREET LLC trimmed | 46,872 | $477K | 0.2% | 2025-Q2 stale |
| Alyeska Investment Group, L.P. | 42,045 | $440K | 0.1% | 2025-Q4 stale |
| BOOTHBAY FUND MANAGEMENT, LLC | 38,190 | $395K | 0.1% | 2025-Q4 stale |
| ATW SPAC MANAGEMENT LLC trimmed | 38,190 | $390K | 0.1% | 2025-Q3 stale |
| HRT FINANCIAL LP trimmed | 15,900 | $161K | 0.1% | 2025-Q2 stale |
| Virtu Financial LLC new | 12,661 | $126K | 0.0% | 2025-Q1 stale |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.