KKR & Co. (KKR) Fell 27% Despite a Strong Recovery in March

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Soumya Eswaran

Mon, July 6, 2026 astatine 10:12 AM CDT 4 min read

RiverPark Advisors, an concern advisory steadfast and sponsor of the RiverPark household of communal funds, released its "RiverPark Large Growth Fund" Q1 2026 capitalist letter. A transcript of the missive tin be downloaded here. The US banal marketplace declined successful the 4th with the S&P 500 scale ("S&P") and the Russell 1000 Growth scale ("RLG") falling 4.33% and 9.78%, respectively. Markets started the twelvemonth positively but became volatile chiefly owed to accrued tensions with Iran. The Federal Reserve kept rates unchanged successful January and February. Still, rising vigor prices and weaker economical information sparked concerns astir stagflation, starring investors to rethink the timing and standard of aboriginal complaint cuts. Investor sentiment shifted from maturation and tech stocks amid inflation, involvement rate, and proviso concatenation concerns. Opposing AI-driven rotations heavy influenced capitalist sentiment, affecting maturation stocks—enthusiasm grew for semiconductor firms linked to AI infrastructure spending, portion endeavor bundle companies, viewed arsenic susceptible to AI disruption, faced pessimism. The Fund's bundle holdings were sold disconnected heavily, portion the underweight successful semiconductor companies, which benefited astir from AI infrastructure spending, affected the performance. Despite challenges, the steadfast remains assured successful the semipermanent prospects and valuations of its portfolio companies. Please reappraisal the Fund's apical 5 holdings to summation insights into their cardinal selections for 2026.

In its first-quarter 2026 capitalist letter, RiverPark Large Growth Fund highlighted KKR & Co. Inc. (NYSE:KKR). KKR & Co. Inc. (NYSE:KKR) is simply a starring backstage equity and existent property concern steadfast focusing connected nonstop and fund-of-fund investments. On July 2, 2026, KKR & Co. Inc. (NYSE:KKR) closed astatine $93.84 per share, reflecting a marketplace capitalization of $89.70 billion. KKR & Co. Inc. (NYSE:KKR) posted a one-month instrumentality of 3.09%, portion its shares mislaid 30.53% implicit the past 52 weeks.

RiverPark Large Growth Fund stated the pursuing regarding KKR & Co. Inc. (NYSE:KKR) successful its Q1 2026 capitalist letter:

"KKR & Co. Inc. (NYSE:KKR): KKR was the fifth-largest detractor for the quarter, declining 27% contempt a beardown betterment successful March. The stock's weakness aboriginal successful the 4th was driven by its Q4 2025 net study connected February 5, successful which adjusted EPS of $1.12 declined from $1.32 successful the prior-year 4th and missed statement expectations, arsenic fee-related net and full operating net some fell abbreviated of Wall Street estimates. Broader concerns astir backstage recognition vulnerability and AI driven disruption risks to software-heavy indebtedness portfolios weighed connected the full alternate plus absorption assemblage passim February. Despite the pugnacious commencement to the quarter, KKR did signifier a important betterment successful March pursuing a landmark strategical transparency inaugural successful the backstage recognition market: a data-standardization concern announced by Apollo and Intercontinental Exchange (ICE) introducing institutional-grade, deal-level transparency to what had antecedently been viewed arsenic an opaque backstage lending ecosystem. The announcement materially eased capitalist concerns astir backstage recognition liquidity risks that had weighed connected the assemblage to commencement the year.

We proceed to presumption KKR arsenic a differentiated, semipermanent compounder with a diversified level spanning backstage equity, credit, infrastructure and insurance. With grounds 2025 fundraising of $129 billion, absorption guidance for implicit $7 per stock of adjusted nett income successful 2026, and the strategical acquisition of Arctos Partners adding a caller sports and GP solutions vertical, KKR's semipermanent net trajectory remains compelling."

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