13FPulse
KT

KTOS KRATOS DEFENSE & SECURITY

2026Q2 · CUSIP 50077B207 · Space & Defense Tech · Sector: Industrials

Exiting + falling

Funds leaving and price falling — historically weak for the next six months

Funds that own it
612
Institutions that reported holding it to the SEC
Net decrease in holders
89
Last quarter 701 → now 612
How unusual is that
Bottom 20%
Stronger than only 1.1% of US stocks
What the filings say, in one paragraph

612 funds held KTOS at the end of 2026Q2, down 89 from the quarter before. Buying is stronger than only 1.1% of US stocks, and the price fell over the same quarter — funds leaving and price weakness at the same time. On the business itself, revenue over the last 12 months was $1.5B(YoY +25.5%), the P/E is 281.1x, return on equity is 0.9%. KTOS has had 15 buying rushes in its history, and the price moved +18.8% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Industrials sector, tagged Space & Defense Tech.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2013Q3: holders=101 2013Q4: holders=95 2014Q1: holders=97 2014Q2: holders=95 2014Q3: holders=95 2014Q4: holders=107 2015Q1: holders=99 2015Q2: holders=99 2015Q3: holders=89 2015Q4: holders=96 2016Q1: holders=108 2016Q2: holders=106 2016Q3: holders=114 2016Q4: holders=127 2017Q1: holders=128 2017Q2: holders=136 2017Q3: holders=162 2017Q4: holders=173 2018Q1: holders=168 2018Q2: holders=161 2018Q3: holders=181 2018Q4: holders=179 2019Q1: holders=211 2019Q2: holders=203 2019Q3: holders=222 2019Q4: holders=221 2020Q1: holders=209 2020Q2: holders=225 2020Q3: holders=208 2020Q4: holders=228 2021Q1: holders=240 2021Q2: holders=240 2021Q3: holders=241 2021Q4: holders=238 2022Q1: holders=238 2022Q2: holders=254 2022Q3: holders=245 2022Q4: holders=245 2023Q1: holders=243 2023Q2: holders=239 2023Q3: holders=236 2023Q4: holders=269 2024Q1: holders=304 2024Q2: holders=320 2024Q3: holders=323 2024Q4: holders=346 2025Q1: holders=393 2025Q2: holders=490 2025Q3: holders=624 2025Q4: holders=663 2026Q1: holders=701 2026Q2: holders=612 -134 -67 +0 +67 +134 80409737 13Q315Q116Q318Q119Q321Q122Q324Q125Q326Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 15 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q1 Top 10%
2025Q4 Top 20% -47.2%
2025Q3 Top 1% in the market +50.4% -20.5%
2025Q2 Top 5% +5.4% +41.4%
2025Q1 Top 5% +82.2% +99.9%
2024Q2 Top 20% +19.5% +26.9%
2024Q1 Top 10% +1.7% +16.1%
2023Q4 Top 20% +1.3% +2.9%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
226
Change in large funds
+3
Total value they hold
$7.7B
Funds buying for the first time
109
Funds that sold out entirely
198
Price change that quarter
-11.9%
Funds holding puts (bearish)
17
Funds holding calls (bullish)
25

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
281.1
EPS (TTM)
$0.17
EPS YoY
+70.0%
Revenue (TTM)
$1.5B
Revenue YoY
+25.5%
Net margin
2.0%
ROE
0.9%
Debt ratio
16.2%
FCF (TTM)
-$129M
Dividend (TTM)
No dividend
Quarterly Revenue & EPS
2021-09-26: EPS -0.02 2021-12-26: EPS -0.02 2022-03-27: EPS -0.12 2022-06-26: EPS -0.04 2022-09-25: EPS -0.06 2022-12-25: EPS -0.07 2023-03-26: EPS -0.05 2023-06-25: EPS -0.02 2023-10-01: EPS -0.01 2023-12-31: EPS 0.01 2024-03-31: EPS 0.01 2024-06-30: EPS 0.05 2024-09-29: EPS 0.02 2024-12-29: EPS 0.03 2025-03-30: EPS 0.03 2025-06-29: EPS 0.02 2025-09-28: EPS 0.05 2025-12-28: EPS 0.03 2026-03-29: EPS 0.07 2026-06-28: EPS 0.02 0M 229M 459M $M -0.13 -0.03 0.08 201720182019202020212022202320242025202606/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
4Y median 353 222 471 719 202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
-52M-2M48M 20162017201820192020202120222023202420252026
Latest quarter $-47M (2026-03-29)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-06-28 · SEC filings (XBRL)

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2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.