Monitor for any future amendments that could indicate a shift from passive to active (13D) stance, though BlackRock rarely does so. The 11.1% stake is large enough to influence shareholder votes if BlackRock chooses to engage, but the 13G filing explicitly disclaims control intent. The presence of iShares Core S&P Small-Cap ETF as a >5% holder suggests index-driven accumulation.
Price Chart
Executive Summary
BlackRock, Inc. filed a Schedule 13G disclosing a passive 11.1% stake in Karman Holdings Inc. as of September 30, 2026, representing 14,653,261 shares of common stock. This is a new filing (not an amendment) by BlackRock, indicating a significant passive position in the aerospace parts manufacturer. The filing is routine for a large asset manager and does not signal activist intent.
Key Financial Metrics
Key Facts
- BlackRock, Inc. disclosed beneficial ownership of 14,653,261 shares of Karman Holdings Inc. common stock.
- The stake represents 11.1% of the outstanding shares as of September 30, 2026.
- This is a new Schedule 13G filing (not an amendment) by BlackRock.
- The filing is made under Rule 13d-1(b), indicating passive investment intent with no control or influence purpose.
- BlackRock Fund Advisors is the entity within BlackRock that beneficially owns 5% or greater of the outstanding shares.
- iShares Core S&P Small-Cap ETF, an affiliate, holds more than 5% of the outstanding common stock.
- Prior passive stakes were reported by Fidelity (FMR LLC) and Vanguard in earlier filings.
Financial Impact
BlackRock holds 11.1% of Karman Holdings, a substantial passive stake valued at approximately $[undisclosed] based on current market price.
Risk Factors
- BlackRock could later convert to a 13D filing if it decides to engage with management, though this is unlikely given its passive mandate.
- A large passive holder like BlackRock may support activist proposals from other shareholders, potentially increasing governance pressure.
- The stake may be reduced in future quarters if index rebalancing occurs or if BlackRock reallocates assets.
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G Filing (Primary) | 0002012383-26-003334 |
| Document: Item_7.txt | 0002012383-26-003334 |
| Document: 0002012383-26-003334-index-headers.html | 0002012383-26-003334 |
| Document: 0002012383-26-003334-index.html | 0002012383-26-003334 |
| Document: 0002012383-26-003334.txt | 0002012383-26-003334 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | SC 13G | $37.16 | awaiting T+20 | — | $37.73 (+1.53%) |
Oct 5, 2026 22d ago | SC 13G | $33.02 | awaiting T+20 | — | $37.73 (+14.26%) |
Sep 18, 2026 5w ago | Insider Cluster | $35.75 $34.68 | ▼ −2.99% | ▼ −3.20% | $37.73 (+5.54%) |
Sep 16, 2026 5w ago | 8-K | $36.94 $30.15 | ▼ −18.38% | ▼ −21.56% | $37.73 (+2.14%) |
Aug 27, 2026 8w ago | 8-K | $47.42 $34.92 | ▼ −26.36% | ▼ −25.85% | $37.73 (−20.43%) |
Jun 11, 2026 19w ago | 8-K | $47.83 $50.01 | ▲ +4.56% | ▲ +2.78% | $37.73 (−21.12%) |
Jun 11, 2026 19w ago | Institutional Cluster | $49.58 $50.05 | ▲ +0.95% | ▼ −0.94% | $37.73 (−23.90%) |
Jun 1, 2026 21w ago | 8-K | $54.65 $54.93 | ▲ +0.51% | ▲ +2.08% | $37.73 (−30.96%) |
Mar 13, 2026 32w ago | 8-K | $99.98 $87.79 | ▼ −12.19% | ▼ −15.78% | $37.73 (−62.26%) |
Feb 28, 2026 34w ago | Institutional Cluster | $93.04 $74.82 | ▼ −19.58% | ▼ −11.64% | $37.73 (−59.45%) |
US Market Status
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