undamentalytics Newsletter

Kkr Group Partnership L.P. and related entities: insider trades

10% owner at 6 companies we cover. No open-market purchases and 13 sales not made under a pre-set plan, reported from November 21, 2018 to June 16, 2025. Trades reported separately by several related funds or companies are counted once, under this name.

What happened after Kkr Group Partnership L.P. and related entities’s sales?

After their sales, the shares moved +33.4% against the index over 12 months on average (a negative figure means selling was the right call); 54% 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 Group Partnership L.P. 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 13 −2.6% −1.4% 62% 5 −0.10 0.93 No reliable evidence
Sales, 12 months after the report 13 +33.4% −0.9% 54% 5 1.35 0.25 No reliable evidence
Sales, 12 months after the trade 13 +31.6% +0.2% 46% 5 1.33 0.26 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
KKR Real Estate Finance Trust Inc. KREF —08September 3, 2020March 2, 2021
National Vision Holdings, Inc. EYE —01November 21, 2018November 21, 2018
Kimbell Royalty Partners, LP KRP —01January 29, 2020January 29, 2020
Academy Sports & Outdoors, Inc. ASO —01May 12, 2021May 12, 2021
Applovin Corp APP —01May 15, 2024May 15, 2024
Brightspring Health Services, Inc. BTSG —01June 16, 2025June 16, 2025

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
June 16, 2025June 12, 2025 BTSG Sale $281,043,336 +17.7%+183.6%+170.2%
May 15, 2024May 13, 2024 APP Sale $1,458,800,000 −1.4%+322.6%+309.7%
May 12, 2021May 10, 2021 ASO Sale $405,576,000 −0.9%+4.6%+11.7%
March 2, 2021February 26, 2021 KREF Sale $4,662,189 +7.8%+9.9%+11.3%
February 22, 2021February 18, 2021 KREF Sale $2,607,373 +8.0%+12.1%+12.0%
December 30, 2020December 28, 2020 KREF Sale $1,129,924 −1.8%−0.9%−2.6%
December 2, 2020November 30, 2020 KREF Sale $1,079,003 +0.4%−1.1%−2.7%
November 27, 2020November 24, 2020 KREF Sale $2,001,932 +0.3%−2.7%−2.5%
November 19, 2020November 17, 2020 KREF Sale $694,389 −3.0%−1.6%−1.4%
November 12, 2020November 10, 2020 KREF Sale $1,419,058 −3.9%+4.2%+0.2%
September 3, 2020September 1, 2020 KREF Sale $382,154 −5.1%−3.7%+1.5%
January 29, 2020January 28, 2020 KRP Sale $11,100,000 −35.6%−53.2%−54.7%
November 21, 2018November 19, 2018 EYE Sale $404,181,212 −17.1%−40.3%−42.7%

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 Group Partnership L.P. and related entities traded and do not suggest the use of non-public information. How every insider compares · the insider trading backtest.