undamentalytics Newsletter

Kkr & Co. Inc. and related entities: insider trades

10% owner at 10 companies we cover. No open-market purchases and 10 sales not made under a pre-set plan, reported from April 5, 2013 to March 4, 2026. Trades reported separately by several related funds or companies are counted once, under this name.

What happened after Kkr & Co. Inc. and related entities’s sales?

After their sales, the shares moved +6.5% against the index over 12 months on average (a negative figure means selling was the right call); 33% trailed it.

With 296 insiders tested, some will look skilled or unskilled by chance alone: when we replaced each insider’s stocks with random companies bought on the same days, about 5.7 cleared the bar ahead and 23.3 behind. One record on its own proves little.

Trade by trade

Kkr & Co. Inc. and related entities: trades against the S&P 500 afterwards
MeasuredTrades countedAverage vs S&P 500MedianWent the right wayYearst-statisticp-valueEvidence
Purchases, 3 months after the report 0 — — — — — — Not enough years
Purchases, 6 months after the report 0 — — — — — — Not enough years
Purchases, 12 months after the report 0 — — — — — — Not enough years
Purchases, 12 months after the trade 0 — — — — — — Not enough years
Sales, 3 months after the report 10 +2.9% +6.6% 40% 8 0.74 0.48 No reliable evidence
Sales, 12 months after the report 9 +6.5% +1.2% 33% 7 0.84 0.43 No reliable evidence
Sales, 12 months after the trade 9 +6.1% +4.5% 33% 7 0.87 0.42 No reliable evidence

“Average vs S&P 500” is the stock’s return including dividends minus the index’s over the same dates, from the close on the first trading day after the report, or from the close on the trade date. Only windows that have finished are counted. For sales, a negative figure means the stock lagged after it was sold, so selling was the right call (green). “Went the right way” is the share of purchases that beat the index, or of sales that trailed it. The t-statistic uses one average per year of reports, because one person’s trades bunch into the same stock and weeks, and needs trades in at least four different years; the p-value comes from the t distribution with that number of years (with four years, a t of 2 has p = 0.14). “Some evidence” means p under 5%, “strong evidence” p under 1% over at least six years.

Companies traded

CompanyTitle on the latest filingPurchasesSalesFirst reportLatest report
Dollar General DG —01April 5, 2013April 5, 2013
Godaddy Inc. GDDY —01March 7, 2018March 7, 2018
Ingersoll Rand IR —01June 23, 2020June 23, 2020
KKR Real Estate Finance Trust Inc. KREF —01December 21, 2020December 21, 2020
Coty Inc. COTY —01September 10, 2021September 10, 2021
Applovin Corp APP —01December 9, 2021December 9, 2021
Laureate Education, Inc. LAUR —01November 22, 2022November 22, 2022
Bridgebio Pharma, Inc. BBIO —01September 17, 2024September 17, 2024
Crescent Energy Co CRGY —01March 11, 2025March 11, 2025
Brightspring Health Services, Inc. BTSG —01March 4, 2026March 4, 2026

Trades and what followed

Moves are against the S&P 500; green means the trade went the insider’s way.

ReportedTradedCompanyTradeValue3 months after report12 months after report12 months after trade
March 4, 2026March 4, 2026 BTSG Sale $807,526,400 +26.0%not yetnot yet
March 11, 2025March 10, 2025 CRGY Sale $29,221,845 −18.5%−2.4%+1.2%
September 17, 2024September 13, 2024 BBIO Sale $149,350,000 −0.8%+77.9%+76.7%
November 22, 2022November 22, 2022 LAUR Sale $309,044,942 +17.1%+20.7%+18.2%
December 9, 2021December 7, 2021 APP Sale $677,089,100 −40.3%−74.2%−74.0%
September 10, 2021September 10, 2021 COTY Sale $419,500,738 +13.8%+0.1%+4.5%
December 21, 2020December 17, 2020 KREF Sale $1,611,444 +0.3%+1.2%−3.2%
June 23, 2020June 19, 2020 IR Sale $367,840,000 +20.9%+31.4%+24.5%
March 7, 2018March 5, 2018 GDDY Sale $296,050,000 +13.0%+13.9%+16.9%
April 5, 2013April 3, 2013 DG Sale $770,208,262 −2.0%−10.4%−10.0%

Open-market purchases and sales of at least $10,000 in companies we cover, from SEC Form 4 filings; sales made under a pre-set Rule 10b5-1 plan are not shown. “Not yet” means the window has not finished or the share price was under $5 at entry. These are the shares’ moves after each trade: they say nothing about why Kkr & Co. Inc. and related entities traded and do not suggest the use of non-public information. How every insider compares · the insider trading backtest.