Elliott Investment Management L.P. 13F: Exits FSK Stake

Elliott Investment Management Exits FS KKR Capital Corp.

Elliott Investment Management L.P. completely closed out its holdings in FS KKR Capital Corp. NYSE:FSK, selling all 264,850 shares it held previously. This complete exit leaves the fund with zero shares in the business development company, according to a Form 13F filing submitted to the Securities and Exchange Commission for the period ended May 15, 2026. Because 13F filings look backward at past holdings, this report reflects the fund's position at that specific date and may not reflect its current portfolio.

FS KKR Capital Stock Context

FS KKR Capital shares recently traded at $10.50. The stock has experienced a challenging stretch, trading near its 52-week low of $9.72 and far below its 52-week high of $16.31. Its 50-day moving average sits at $11.64, while the 200-day moving average rests higher at $11.94. The company carries a forward P/E ratio of 7.61, though it has negative earnings per share of -$1.34.

Dividend Yield and Payouts

FS KKR Capital offers a high dividend yield of 18.07%, supported by an annual dividend rate of $2.04 per share. The company maintains a dividend payout ratio of 70.0%.

Analysts Set New Price Targets

Wall Street firms maintain mixed views on the asset manager. On September 29, 2026, Wells Fargo downgraded the stock to an Underweight rating while keeping its price target at $10.00. Earlier, on August 19, 2026, JP Morgan maintained a Neutral rating and lifted its target to $11.00 from $9.50. RBC Capital maintained a Sector Perform rating on August 12, 2026, raising its target to $13.00 from $11.00, and Truist Securities kept a Hold rating on August 7, 2026, moving its target to $12.00 from $11.00. Overall, the stock holds a consensus hold recommendation with a mean price target of $12.05 from ten analysts.

Inside the Business

FS KKR Capital Corp. operates as a business development company focused on providing customized credit solutions to private middle-market companies in the United States. It invests primarily in senior secured debt, second lien secured loans, and subordinated debt, aiming to support firms with dependable capital options while managing credit risk through secondary market transactions and direct originations.

What's Ahead for FS KKR Capital Corp.

Investors tracking FS KKR Capital will have their eyes on the next earnings report scheduled for November 4, 2026. Institutional filings like this one provide a snapshot of past portfolio adjustments, reminding market watchers that large funds frequently shift capital across quarters without signaling broader strategic changes.