Key Colony Management, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 4, 2025), Key Colony Management, LLC reported 6 stock positions worth $64.0 million. Its top holding was Onemain (OMF) at 36.7% of the portfolio, followed by MGM Resorts International (MGM, 25.9%) and Ast Spacemobile (ASTS, 21.2%). Compared with Q4 2024, it opened 1 new position, sold out of 1 and added to 3. The biggest buy was Ast Spacemobile (ASTS, shares +204%) and the biggest sale an exit from Caesars Entertainment (CZR).

Most Recent 13F
Q3 2025
Location
LITTLE ROCK, AR
CIK
0001336885
Portfolio Value
$64.0M (Q1 2025)
SEC Filing
0000950123-25-003317 ↗ filed Apr 4, 2025

Holdings Value

0$20.0M$40.0M$60.0M$80.0M$100.0M Q1 2024: $98.8M Q1 2024 Q2 2024: $83.1M Q2 2024 Q3 2024: $87.8M Q3 2024 Q4 2024: $67.0M Q4 2024 Q1 2025: $64.0M $64.0M Q1 2025 Q2 2025: $88.4M Q2 2025 Q3 2025: $73.7M Q3 2025

Holdings 6 stocks · $64.0M
OMF Onemain Holdings Inc. 36.68% 480,000 $23.5M No change
MGM MGM Resorts International 25.95% 560,000 $16.6M No change
ASTS Ast Spacemobile Inc. 21.19% 596,000 $13.6M Add +204.1%
EVLV Evolv Technologies Holdings 14.84% 3,043,000 $9.5M Add +1.4%
T AT&T Inc. 0.88% 20,000 $566K Add +100.0%
EIX Edison International 0.46% 5,000 $295K New
Other holdings (1): bonds, preferreds, convertibles and warrants · $16K (not counted above)
SecurityClassShares / PrincipalValueChange
EVLVW Evolv Technologies -CW26 *W EXP 07/16/202 5,000$16KNo change

Total filed on the 13F, all lines: $64.0M.

Portfolio Sells Q4 2024 → Q1 2025
CZR Caesars Entertainment Inc. Sold out 0.00% −9.48

Portfolio Buys Q4 2024 → Q1 2025
ASTS Ast Spacemobile Inc. Add +204.1% 21.19% +15.01
T AT&T Inc. Add +100.0% 0.88% +0.54
EIX Edison International New 0.46% +0.46
EVLV Evolv Technologies Holdings Add +1.4% 14.84% −2.85

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q3 2025 5$73.7MOMF, EVLV, ASTS, MGM, BA
Q2 2025 6$88.4MOMF, MGM, EVLV, ASTS, BA
Q1 2025 6$64.0MOMF, MGM, ASTS, EVLV, T
Q4 2024 6$67.0MOMF, MGM, EVLV, CZR, ASTS
Q3 2024 5$87.8MMGM, OMF, EVLV, ASTS, HOMB
Q2 2024 5$83.1MMGM, OMF, EVLV, GNK, HOMB
Q1 2024 6$98.8MMGM, OMF, EVLV, GNK, HOMB