Lone Pine Capital 13F: Cuts KKR Stake by $443M

Lone Pine Capital Trims KKR Stake

Lone Pine Capital made a major change to its portfolio by cutting its investment in KKR & Co. Inc. NYSE:KKR during the period. According to its latest Form 13F filing with the SEC, the fund reduced its position by 96.4%, selling 4,821,777 shares. That left the fund with 179,308 shares of the asset manager at the end of the reporting period.

Inside the Reduction at KKR

The massive sale brought Lone Pine's holdings way down from its prior count of 5,001,085 shares. Based on the filing details, the remaining block of 179,308 shares carried an estimated value of $16.46 million. Form 13F filings look backward at holdings from the end of a reporting quarter and may not reflect the fund's current portfolio decisions today.

KKR Stock Performance and Valuation

Shares of KKR trade near $91.78, sitting well below their 52-week high of $152.10 and closer to the bottom of their 52-week range that starts at $82.67. The company commands a market capitalization of roughly $90.5 billion. It trades with a trailing price-to-earnings ratio of 32.21 and a forward P/E of 13.61, while offering a dividend yield of 0.79% based on an annual rate of $0.78 per share.

Analysts Set New Price Targets

Wall Street firms continue to update their views on the asset manager ahead of its next earnings report on November 5, 2026. On October 13, 2026, UBS maintained its buy rating on the stock while trimming its price target to $122.00 from $123.00. TD Cowen maintained a hold rating on October 12 with a target of $103.00, down from $118.00. Barclays kept an overweight rating on October 8 with a target of $130.00, and Wells Fargo initiated coverage on October 2 with an equal-weight rating and a $97.00 price target. Overall, the stock holds a consensus buy rating with a mean price target of $128.67 across 20 analyst opinions.

About KKR & Co. Inc.

Headquartered in New York, KKR & Co. Inc. operates as a global investment firm that manages private equity, credit, and real estate strategies for institutional and individual clients. The firm acquires companies, builds infrastructure projects, and invests in public and private debt markets worldwide. This sale by Lone Pine Capital highlights how large funds occasionally reallocate capital away from major financial names even as those firms grow their core asset bases.

What to Watch Next for KKR

Investors tracking KKR will want to look toward the firm's upcoming earnings release on November 5, 2026, for updated figures on fee-related earnings and capital deployment. Future 13F filings from major hedge funds will also show whether other institutional managers followed Lone Pine's lead or added to their positions in the asset manager.