Key Colony Management, LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 3, 2025), Key Colony Management, LLC reported 6 stock positions worth $88.4 million. Its top holding was Onemain (OMF) at 31.0% of the portfolio, followed by MGM Resorts International (MGM, 23.9%) and Evolv Technologies (EVLV, 21.9%). Compared with Q1 2025, it opened 1 new position, sold out of 1, added to 2 and reduced 1. The biggest buy was Evolv Technologies (EVLV, shares +2%) and the biggest sale an exit from AT&T (T).

Most Recent 13F
Q3 2025
Location
LITTLE ROCK, AR
CIK
0001336885
Portfolio Value
$88.4M (Q2 2025)
SEC Filing
0000950123-25-006170 ↗ filed Jul 3, 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 Q1 2025 Q2 2025: $88.4M $88.4M Q2 2025 Q3 2025: $73.7M Q3 2025

Holdings 6 stocks · $88.4M
OMF Onemain Holdings Inc. 30.95% 480,000 $27.4M No change
MGM MGM Resorts International 23.93% 615,000 $21.1M Add +9.8%
EVLV Evolv Technologies Holdings 21.92% 3,105,000 $19.4M Add +2.0%
ASTS Ast Spacemobile Inc. 21.73% 411,000 $19.2M Reduce -31.0%
BA The Boeing Co. 1.19% 5,000 $1.0M New
EIX Edison International 0.29% 5,000 $258K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $31K (not counted above)
SecurityClassShares / PrincipalValueChange
EVLVW Evolv Technologies -CW26 *W EXP 07/16/202 5,000$31KNo change

Total filed on the 13F, all lines: $88.4M.

Portfolio Sells Q1 2025 → Q2 2025
T AT&T Inc. Sold out 0.00% −0.88
ASTS Ast Spacemobile Inc. Reduce -31.0% 21.73% +0.54

Portfolio Buys Q1 2025 → Q2 2025
EVLV Evolv Technologies Holdings Add +2.0% 21.92% +7.08
BA The Boeing Co. New 1.19% +1.19
MGM MGM Resorts International Add +9.8% 23.93% −2.02

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