Koch, Inc.

Fundamental diversified ★Signal CIK 2027344
Long book
$921.9M
Q1 2026
Positions
8
Top-10 weight
100%
concentration
Last quarter
+50.9%
SPY +14.8%
Turnover
13%
of book per quarter

Strategy in plain words

auto-generated from filings

Koch, Inc. is a diversified fundamental manager, running a $921.9M US long book across 8 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: MARVELL TECHNOLOGY INC, KAYNE ANDERSON BDC INC, COMPASS MINERALS INTERNATION, IBOTTA INC-CL A, GETTY IMAGES HOLDINGS INC.

Over the last 6 quarters its long book ran on average 2.2pp per quarter behind the S&P 500, beating the index in 1 of 6 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q4 2024
-26.1%
Q1 2025
+9.0%
Q2 2025
-1.7%
Q3 2025
-10.0%
Q4 2025
-7.7%
Q1 2026
+50.9%

Sector allocation

Technology
32%
Services media
25%
Materials
24%
Other
19%

Long book by quarter

$627.2M
Q4 2024
$463.8M
Q1 2025
$691.4M
Q2 2025
$756.8M
Q3 2025
$722.7M
Q4 2025
$921.9M
Q1 2026

What does Koch, Inc. own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
MRVL MARVELL TECHNOLOGY INCTechnology2.6M$260.0M28.2%New
KBDC KAYNE ANDERSON BDC INC12.2M$167.1M18.1%0.0%
CMP COMPASS MINERALS INTERNATIONMaterials7.0M$164.3M17.8%Held
IBTA IBOTTA INC-CL AServices media4.4M$131.5M14.3%Held
GETY GETTY IMAGES HOLDINGS INCServices media115.3M$91.4M9.9%Held
SLI STANDARD LITHIUM LTDMaterials13.5M$46.0M5.0%Held
VIA VIA TRANSPORTATION INC-CL ATechnology1.7M$25.5M2.8%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 12, 20268$921.9M canonicalSEC ↗
Q4 202513F-HRFeb 11, 20267$722.7M canonicalSEC ↗
Q3 202513F-HRNov 12, 20257$756.8M canonicalSEC ↗
Q2 202513F-HRAug 14, 20256$691.4M canonicalSEC ↗
Q1 202513F-HRMay 9, 20255$463.8M canonicalSEC ↗
Q4 202413F-HR/ARESTATEMENTFeb 27, 20255$627.2M canonicalSEC ↗
Q4 202413F-HRFeb 11, 20255$627.2M SEC ↗