T. Rowe Price's incremental buying at a 10.8% stake signals sustained institutional confidence. Monitor for further 13G/A filings or any conversion to 13D if the position grows significantly. The passive filing suggests no near-term activism, but continued accumulation by a top-5 holder is a positive signal for the stock.
Price Chart
Executive Summary
T. Rowe Price Associates filed an amended Schedule 13G for Knife River Corp, reporting beneficial ownership of 6,133,996 common shares (10.8% of shares outstanding) as of September 30, 2026. This is an increase from the prior filing (6,119,121 shares), indicating continued accumulation by a major institutional investor.
Key Financial Metrics
Key Facts
- T. Rowe Price Associates now holds 6,133,996 shares of Knife River Corp, representing 10.8% of outstanding common stock.
- This is an increase from the prior filing's 6,119,121 shares, reflecting net buying of approximately 14,875 shares.
- The stake remains well above the 5% threshold, confirming T. Rowe Price's continued conviction as a top holder.
- The filing is a passive 13G, not a 13D, indicating no activist intent.
Financial Impact
T. Rowe Price increased its stake by ~14,875 shares (0.2% increase) to 6,133,996 shares, now 10.8% of KNF.
Risk Factors
- T. Rowe Price could reduce its stake in future quarters, reversing this accumulation trend.
- The filing is backward-looking (as of 9/30/2026); current holdings may differ.
- Passive 13G status limits the likelihood of activist-driven catalysts.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G/A Filing (Primary) | 0000080255-26-000610 |
| Document: 0000080255-26-000610-index.html | 0000080255-26-000610 |
| Document: 0000080255-26-000610.txt | 0000080255-26-000610 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 7, 2026 19d ago | SC 13G/A | $50.54 $47.98 | ▼ −5.07% | ▼ −4.08% | $52.91 (+4.69%) |
Sep 23, 2026 4w ago | 8-K | $51.43 $50.42 | ▲ +1.96% | ▲ +1.29% | $52.91 (−2.88%) |
Aug 4, 2026 11w ago | 8-K | $69.51 $68.15 | ▲ +1.96% | ▲ +1.86% | $52.91 (+23.88%) |
Jun 11, 2026 19w ago | Institutional Cluster | $75.92 $83.46 | ▲ +9.93% | ▲ +9.50% | $52.91 (−30.31%) |
May 21, 2026 22w ago | 8-K | $72.20 $78.54 | ▲ +8.78% | ▲ +7.12% | $52.91 (−26.72%) |
May 18, 2026 23w ago | 8-K | $70.83 $78.30 | ▲ +10.55% | ▲ +8.25% | $52.91 (−25.30%) |
May 5, 2026 24w ago | 8-K | $87.12 $82.41 | ▼ −5.41% | ▼ −7.39% | $52.91 (−39.27%) |
Apr 6, 2026 29w ago | DEFA14A | $74.82 $86.61 | ▲ +15.76% | ▲ +11.62% | $52.91 (−29.28%) |
US Market Status
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