Key Colony Management, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 7, 2025), Key Colony Management, LLC reported 5 stock positions worth $73.7 million. Its top holding was Onemain (OMF) at 34.9% of the portfolio, followed by Evolv Technologies (EVLV, 33.5%) and Ast Spacemobile (ASTS, 25.0%). Compared with Q2 2025, it sold out of 1, added to 1 and reduced 3. The biggest buy was Evolv Technologies (EVLV, shares +5%) and the biggest sale MGM Resorts International (MGM, shares −82%).

Most Recent 13F
Q3 2025
Location
LITTLE ROCK, AR
CIK
0001336885
Portfolio Value
$73.7M (Q3 2025)
SEC Filing
0001193125-25-233177 ↗ filed Oct 7, 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 Q2 2025 Q3 2025: $73.7M $73.7M Q3 2025

Holdings 5 stocks · $73.7M
OMF Onemain Holdings Inc. 34.85% 455,000 $25.7M Reduce -5.2%
EVLV Evolv Technologies Holdings 33.54% 3,275,095 $24.7M Add +5.5%
ASTS Ast Spacemobile Inc. 24.97% 375,000 $18.4M Reduce -8.8%
MGM MGM Resorts International 5.17% 110,000 $3.8M Reduce -82.1%
BA The Boeing Co. 1.46% 5,000 $1.1M No change

Portfolio Sells Q2 2025 → Q3 2025
MGM MGM Resorts International Reduce -82.1% 5.17% −18.75
EIX Edison International Sold out 0.00% −0.29
ASTS Ast Spacemobile Inc. Reduce -8.8% 24.97% +3.24
OMF Onemain Holdings Inc. Reduce -5.2% 34.85% +3.90

Portfolio Buys Q2 2025 → Q3 2025
EVLV Evolv Technologies Holdings Add +5.5% 33.54% +11.63

Notes & Other Activity Q2 2025 → Q3 2025
EVLVW Evolv Technologies -CW26 *W EXP 07/16/202 Sold out 5,000 $31Kbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

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