Kohlberg Kravis Roberts & Co. L.P.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Kohlberg Kravis Roberts & Co. L.P. reported 14 stock positions worth $5.1 billion. Its top holding was Brightspring Health Services (BTSG) at 34.9% of the portfolio, followed by Henry Schein (HSIC, 22.6%) and Bridgebio Pharma (BBIO, 19.3%). Compared with Q4 2025, it opened 1 new position, sold out of 1, added to 1 and reduced 3. The biggest buy was Crescent Energy Class A (CRGY, shares +7%) and the biggest sale Brightspring Health Services (BTSG, shares −32%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001399770
Portfolio Value
$5.1B (Q1 2026)
SEC Filing
0001399770-26-000007 ↗ filed May 15, 2026

Holdings Value

0$2.0B$4.0B$6.0B$8.0B Q1 2024: $3.3B Q1 2024 Q2 2024: $2.7B Q2 2024 Q3 2024: $6.8B Q3 2024 Q4 2024: $3.1B Q4 2024 Q1 2025: $3.9B Q1 2025 Q2 2025: $4.4B Q2 2025 Q3 2025: $5.6B Q3 2025 Q4 2025: $5.9B Q4 2025 Q1 2026: $5.1B $5.1B Q1 2026 Q2 2026: $5.5B Q2 2026

Holdings 14 stocks · $5.1B
BTSG Brightspring Health Services 34.93% 41,824,259 $1.8B Reduce -32.5%
HSIC Henry Schein Inc. filed as SCHEIN HENRY INC 22.61% 15,652,032 $1.2B No change
BBIO Bridgebio Pharma Inc. 19.30% 13,260,971 $984.8M No change
CRGY Crescent Energy Inc. Class A 7.58% 28,655,357 $386.8M Add +7.1%
NIQ Niq Global Intelligence PLC 6.69% 30,022,789 $341.4M No change
BV Brightview Holdings Inc. 5.05% 21,533,123 $257.6M No change
KREF KKR Real Estate Finance Trus 1.20% 10,000,001 $61.2M No change
PSKY Paramount Skydance Class B 0.98% 5,535,928 $49.9M Reduce -35.1%
OXLC Oxford Lane Capital Corp. 0.61% 3,187,230 $31.2M New
BHC Bausch Health Cos Inc. 0.55% 5,235,000 $28.3M No change
FSK FS KKR Capital Corp. 0.20% 980,587 $10.0M No change
TEM Tempus AI Inc. Class A 0.10% 117,652 $5.3M No change
NCLH Norwegian Cruise Line Holdin 0.10% 273,736 $5.1M Reduce -61.9%
CHRS Coherus Oncology Inc. 0.10% 3,036,076 $5.1M No change
Other holdings (78): bonds, preferreds, convertibles and warrants · $244.1M (not counted above)
SecurityClassShares / PrincipalValueChange
AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) NOTE 3.625% 6/1 · principal 34,515,000$34.5MAdd +4078.6%
BLOCK INC (XYZ 0 05/01/26) NOTE 5/0 · principal 31,825,000$31.7MNew
NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) NOTE 3.625% 4/1 · principal 19,165,000$21.1MReduce -20.6%
IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) NOTE 2.500% 2/0 · principal 20,127,000$18.2MReduce -13.9%
SABRE GLBL INC (SABHLD 7.32 08/01/26) NOTE 7.320% 8/0 · principal 13,223,000$13.2MReduce -12.9%
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) NOTE 2.875% 3/1 · principal 10,805,000$12.7MNo change
BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) NOTE 5.500% 3/1 · principal 10,632,000$10.6MAdd +134.1%
WEC ENERGY GROUP INC (WEC 4.375 06/01/29) NOTE 4.375% 6/0 · principal 8,000,000$9.9MNo change
REDFIN CORP (RDFN 0.5 04/01/27) NOTE 0.500% 4/0 · principal 7,556,000$7.2MReduce -28.9%
LCI INDUSTRIES (LCII 3 03/01/30) NOTE 3.000% 3/0 · principal 5,820,000$7.0MNew
JD.COM INC (JD 0.25 06/01/29) NOTE 0.250% 6/0 · principal 7,000,000$7.0MNew
TELADOC HEALTH INC (TDOC 1.25 06/01/27) NOTE 1.250% 6/0 · principal 4,694,000$4.5MReduce -17.6%
SNAP INC (SNAP 0.125 03/01/28) NOTE 0.125% 3/0 · principal 3,900,000$3.6MReduce -43.5%
MERITAGE HOMES CORP (MTH 1.75 05/15/28) NOTE 1.750% 5/1 · principal 2,648,000$2.6MNo change
WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) NOTE 3.250% 1/1 · principal 2,802,000$2.5MReduce -11.4%
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) NOTE 0.500% 3/0 · principal 2,254,000$2.2MNo change
VARONIS SYSTEM INC (VRNS 1 09/15/29) NOTE 1.000% 9/1 · principal 2,399,000$2.1MNo change
JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) NOTE 3.125% 9/1 · principal 1,455,000$2.1MNo change
PARSONS CORP (PSN 2.625 03/01/29) NOTE 2.625% 3/0 · principal 2,000,000$2.0MNo change
SEAGATE HDD CAYMAN (STX 3.5 06/01/28) NOTE 3.500% 6/0 · principal 395,000$1.9MReduce -96.8%
NUTANIX INC (NTNX 0.5 12/15/29) NOTE 0.500%12/1 · principal 1,904,000$1.7MNo change
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) NOTE 3.125% 1/1 · principal 1,058,000$1.6MNo change
UGI CORP (UGI 5 06/01/28) NOTE 5.000% 6/0 · principal 1,085,000$1.5MReduce -91.7%
ITRON INC (ITRI 1.375 07/15/30) NOTE 1.375% 7/1 · principal 1,494,000$1.5MNo change
MKS INC (MKSI 1.25 06/01/30) NOTE 1.250% 6/0 · principal 859,000$1.4MReduce -47.9%
OMNICELL INC (OMCL 1 12/01/29) NOTE 1.000%12/0 · principal 1,405,000$1.4MNo change
LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) NOTE 0.500% 6/1 · principal 245,000$1.3MReduce -47.3%
CHEESECAKE FACTORY (THE) (CAKE 2 03/15/30) NOTE 2.000% 3/1 · principal 1,270,000$1.3MNew
WESTERN DIGITAL CORP (WDC 3 11/15/28) NOTE 3.000%11/1 · principal 180,000$1.3MNo change
GUARDANT HEALTH INC (GH 1.25 02/15/31) DEBT 1.250% 2/1 · principal 745,000$1.3MNo change
SNOWFLAKE INC (SNOW 0 10/01/29) NOTE 10/0 · principal 1,010,000$1.2MReduce -60.6%
COGENT BIOSCIENCES INC (COGT 1.625 11/15/31) NOTE 1.625%11/1 · principal 990,000$1.2MNo change
IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) NOTE 1.750% 6/1 · principal 760,000$1.1MNo change
DATADOG INC (DDOG 0 12/01/29) NOTE 12/0 · principal 1,160,000$1.1MNo change
POST HOLDINGS INC (POST 2.5 08/15/27) NOTE 2.500% 8/1 · principal 1,036,000$1.1MNo change
ENOVIS CORP (ENOV 3.875 10/15/28) NOTE 3.875%10/1 · principal 1,152,000$1.1MNo change
TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) NOTE 2.250% 3/0 · principal 860,000$1.1MReduce -56.9%
AEROVIRONMENT INC (AVAV 0 07/15/30) NOTE 7/1 · principal 1,086,000$1.1MNo change
LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) NOTE 2.625%12/1 · principal 808,000$972KNo change
HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) NOTE 0.250% 3/0 · principal 915,000$953KNo change
PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) NOTE 1.750%12/0 · principal 539,000$935KNo change
PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) NOTE 3.500% 3/0 · principal 1,041,000$927KNo change
UNITY SOFTWARE INC (U 0 03/15/30) NOTE 3/1 · principal 915,000$913KNew
ADVANCED ENERGY IND (AEIS 2.5 09/15/28) NOTE 2.500% 9/1 · principal 375,000$902KNo change
SPECTRUM BRANDS INC (SPB 3.375 06/01/29) NOTE 3.375% 6/0 · principal 892,000$892KNo change
AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) NOTE 1.125% 2/1 · principal 765,000$876KNo change
ARROWHEAD RESEARCH CORP (ARWR 0 01/15/32) NOTE 1/1 · principal 800,000$830KNew
ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) NOTE 1.750% 8/1 · principal 800,000$797KNo change
BILL HOLDINGS INC (BILL 0 04/01/30) NOTE 4/0 · principal 870,000$776KNo change
BENTLEY SYSTEMS (BSY 0.375 07/01/27) NOTE 0.375% 7/0 · principal 805,000$766KNo change
MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) NOTE 4.000% 5/0 · principal 244,000$730KNo change
HAEMONETICS CORP (HAE 2.5 06/01/29) NOTE 2.500% 6/0 · principal 745,000$713KNo change
CELCUITY INC (CELC 2.75 08/01/31) NOTE 2.750% 8/0 · principal 285,000$695KNo change
SNAP INC (SNAP 0.5 05/01/30) NOTE 0.500% 5/0 · principal 855,000$689KNo change
PAGERDUTY INC. (PD 1.5 10/15/28 *) NOTE 1.500%10/1 · principal 752,000$680KNo change
MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) NOTE 0.750% 6/0 · principal 685,000$679KAdd +185.4%
UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) NOTE 0.875%12/0 · principal 520,000$626KNew
VENTAS REALTY LP (VTR 3.75 06/01/26) NOTE 3.750% 6/0 · principal 414,000$617KNo change
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) NOTE 2.250% 8/1 · principal 531,000$614KNo change
GUIDEWIRE SOFTWARE INC (GWRE 1.25 11/01/29) NOTE 1.250%11/0 · principal 595,000$594KReduce -85.5%
OSI SYSTEMS INC (OSIS 2.25 08/01/29) NOTE 2.250% 8/0 · principal 375,000$576KNo change
BLACKLINE INC (BL 1 06/01/29) NOTE 1.000% 6/0 · principal 600,000$565KNo change
GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) NOTE 1.500% 3/0 · principal 630,000$556KNo change
BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) NOTE 1.250% 5/1 · principal 534,000$515KNo change
LIVE NATION ENTERTAINMEN (LYV 2.875 01/15/30) NOTE 2.875% 1/1 · principal 460,000$497KNo change
IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) NOTE 1.500% 9/0 · principal 450,000$493KNo change
DEXCOM INC (DXCM 0.375 05/15/28) NOTE 0.375% 5/1 · principal 505,000$466KNo change
SOLARIS ENERGY INFRASTRU (SEI 0.25 10/01/31) NOTE 0.250%10/0 · principal 350,000$439KNo change
GRANITE CONSTRUCTION INC (GVA 3.25 06/15/30) NOTE 3.250% 6/1 · principal 250,000$412KNo change
VSE CORP (VSEC 5.75 02/01/29) UNIT 02/01/2029 8,000$402KNew
SYNAPTICS INC (SYNA 0.75 12/01/31) NOTE 0.750%12/0 · principal 320,000$332KNo change
PPL CORPORATION (PPL 7 02/15/29) UNIT 02/15/2029 6,300$323KNew
FLUENCE ENERGY INC (FLNC 2.25 06/15/30) NOTE 2.250% 6/1 · principal 310,000$313KNo change
SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) NOTE 0.500% 8/0 · principal 265,000$249KNo change
ALARM.COM HLDGS INC (ALRM 2.25 06/01/29) NOTE 2.250% 6/0 · principal 270,000$249KReduce -61.7%
WORKIVA INC (WK 1.25 08/15/28) NOTE 1.250% 8/1 · principal 261,000$245KReduce -63.3%
LEMAITRE VASCULAR INC (LMAT 2.5 02/01/30) NOTE 2.500% 2/0 · principal 200,000$227KNo change
PAR TECHNOLOGY CORP (PAR 1 01/15/30) NOTE 1.000% 1/1 · principal 250,000$194KNew

Total filed on the 13F, all lines: $5.3B.

Portfolio Sells Q4 2025 → Q1 2026
BTSG Brightspring Health Services Reduce -32.5% 34.93% −4.61
MSGS Madison Square Garden Sports Sold out 0.00% −1.34
PSKY Paramount Skydance Class B Reduce -35.1% 0.98% −0.97
NCLH Norwegian Cruise Line Holdin Reduce -61.9% 0.10% −0.17

Portfolio Buys Q4 2025 → Q1 2026
CRGY Crescent Energy Inc. Class A Add +7.1% 7.58% +3.76
OXLC Oxford Lane Capital Corp. New 0.61% +0.61

Notes & Other Activity Q4 2025 → Q1 2026
JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) CONVERTIBLE BOND · principal Sold out 92,172,000 $90.7Mbefore exit
AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) NOTE 3.625% 6/1 · principal Add +4078.6% 34,515,000 $34.5M
BLOCK INC (XYZ 0 05/01/26) NOTE 5/0 · principal New 31,825,000 $31.7M
CABLE ONE INC (CABO 0 03/15/26) NOTE 3/1 · principal Sold out 31,237,000 $30.8Mbefore exit
NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) NOTE 3.625% 4/1 · principal Reduce -20.6% 19,165,000 $21.1M
BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) NOTE 0.125% 1/1 · principal Sold out 20,011,000 $20.0Mbefore exit
IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) NOTE 2.500% 2/0 · principal Reduce -13.9% 20,127,000 $18.2M
SABRE GLBL INC (SABHLD 7.32 08/01/26) NOTE 7.320% 8/0 · principal Reduce -12.9% 13,223,000 $13.2M
BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) NOTE 5.500% 3/1 · principal Add +134.1% 10,632,000 $10.6M
REDFIN CORP (RDFN 0.5 04/01/27) NOTE 0.500% 4/0 · principal Reduce -28.9% 7,556,000 $7.2M
LCI INDUSTRIES (LCII 3 03/01/30) NOTE 3.000% 3/0 · principal New 5,820,000 $7.0M
JD.COM INC (JD 0.25 06/01/29) NOTE 0.250% 6/0 · principal New 7,000,000 $7.0M
TELADOC HEALTH INC (TDOC 1.25 06/01/27) NOTE 1.250% 6/0 · principal Reduce -17.6% 4,694,000 $4.5M
DROPBOX INC (DBX 0 03/01/28) NOTE 3/0 · principal Sold out 3,600,000 $3.6Mbefore exit
SNAP INC (SNAP 0.125 03/01/28) NOTE 0.125% 3/0 · principal Reduce -43.5% 3,900,000 $3.6M
CABLE ONE INC (CABO 1.125 03/15/28) NOTE 1.125% 3/1 · principal Sold out 3,447,000 $2.8Mbefore exit
WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) NOTE 3.250% 1/1 · principal Reduce -11.4% 2,802,000 $2.5M
MARRIOTT VACATION WORLDW (VAC 0 01/15/26) NOTE 1/1 · principal Sold out 2,447,000 $2.4Mbefore exit
FUBOTV INC (FUBO 3.25 02/15/26) NOTE 3.250% 2/1 · principal Sold out 2,000,000 $2.0Mbefore exit
SEAGATE HDD CAYMAN (STX 3.5 06/01/28) NOTE 3.500% 6/0 · principal Reduce -96.8% 395,000 $1.9M
SPOTIFY USA INC (SPOT 0 03/15/26) NOTE 3/1 · principal Sold out 1,615,000 $1.8Mbefore exit
UGI CORP (UGI 5 06/01/28) NOTE 5.000% 6/0 · principal Reduce -91.7% 1,085,000 $1.5M
MKS INC (MKSI 1.25 06/01/30) NOTE 1.250% 6/0 · principal Reduce -47.9% 859,000 $1.4M
LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) NOTE 0.500% 6/1 · principal Reduce -47.3% 245,000 $1.3M
CHEESECAKE FACTORY (THE) (CAKE 2 03/15/30) NOTE 2.000% 3/1 · principal New 1,270,000 $1.3M
SNOWFLAKE INC (SNOW 0 10/01/29) NOTE 10/0 · principal Reduce -60.6% 1,010,000 $1.2M
TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) NOTE 2.250% 3/0 · principal Reduce -56.9% 860,000 $1.1M
UNITY SOFTWARE INC (U 0 03/15/30) NOTE 3/1 · principal New 915,000 $913K
ARROWHEAD RESEARCH CORP (ARWR 0 01/15/32) NOTE 1/1 · principal New 800,000 $830K
MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) NOTE 0.750% 6/0 · principal Add +185.4% 685,000 $679K
UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) NOTE 0.875%12/0 · principal New 520,000 $626K
GUIDEWIRE SOFTWARE INC (GWRE 1.25 11/01/29) NOTE 1.250%11/0 · principal Reduce -85.5% 595,000 $594K
JBT MAREL CORP (JBTM 0.25 05/15/26) NOTE 0.250% 5/1 · principal Sold out 565,000 $580Kbefore exit
VSE CORP (VSEC 5.75 02/01/29) UNIT 02/01/2029 New 8,000 $402K
PPL CORPORATION (PPL 7 02/15/29) UNIT 02/15/2029 New 6,300 $323K
ALARM.COM HLDGS INC (ALRM 2.25 06/01/29) NOTE 2.250% 6/0 · principal Reduce -61.7% 270,000 $249K
WORKIVA INC (WK 1.25 08/15/28) NOTE 1.250% 8/1 · principal Reduce -63.3% 261,000 $245K
PAR TECHNOLOGY CORP (PAR 1 01/15/30) NOTE 1.000% 1/1 · principal New 250,000 $194K

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 16$5.5BBTSG, HSIC, BBIO, BV, CRGY
Q1 2026 14$5.1BBTSG, HSIC, BBIO, CRGY, NIQ
Q4 2025 14$5.9BBTSG, HSIC, BBIO, NIQ, BV
Q3 2025 16$5.6BBTSG, HSIC, BBIO, NIQ, PSKY
Q2 2025 13$4.4BBTSG, HSIC, BBIO, BV, CRGY
Q1 2025 13$3.9BBTSG, HSIC, BBIO, BV, KREF
Q4 2024 10$3.1BBTSG, BBIO, BV, KREF, DASH
Q3 2024 13$6.8BOS, BTSG, BBIO, BV, PGRU
Q2 2024 14$2.7BBTSG, BBIO, BV, PGRU, KREF
Q1 2024 15$3.3BBBIO, BTSG, BV, PGRU, TGAN