$KEEL

$2.26 +$0.08 (3.44%) Live

$KEEL Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Ownership

13F as of Q2 2026 · 617.6M shares outstanding

Who owns KEEL?

By type of holder

Institutions 62.6% Insiders 0.4% Everyone else 37.1%

Concentration Top 10 holders own 33.8%

BlackRock, Inc. 7.1% · Situational Awareness LP 4.3%

Institutional ownership

62.6%

+21.2 pts vs last qtr

Institutional holders

278

+94 vs last qtr

Net shares bought

+131.1M

by institutions in Q2 2026

New / sold out

137 / 43

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026

BlackRock, Inc. +42.8M
Monarch Alternative Capital LP +19.1M

Biggest sellers in Q2 2026

Situational Awareness Partners LP SOLD OUT −19.9M
Azora Capital LP SOLD OUT −10.2M

Who is planning to sell?

No insider has filed a notice of proposed sale (Form 144) for Keel Infrastructure Corp in the last 12 months.

Is your stake being diluted?

Diluted share count, FY2023–FY2025

+110.4%

+45.04% a year

Each share's claim on the business

−52.5%

shrank without buying or selling a share

Spent on buybacks vs paid in stock

— vs $38.6M

over 3 fiscal years

Diluted shares, split-adjusted

Buybacks Stock-based comp

How patient are the owners?

Institutional shares by how long they've been held

5+ years18% 3–5 years22% 1–3 years18% Under 1 year42%

Quarterly turnover

63.1%

of institutional shares changed hands

Top 10 managers, median time held

4 years

Super Investors

Investment managers reporting KEEL on Form 13F

Holder	Shares	% of company	Change vs last qtr	Held since	% of their book
B BlackRock, Inc.	44.0M	7.12%	+42.8M (+3649.6%)	2022	0.0%
Shares held by quarter Peak holding44.0M (Q2'26) Change over 8 quarters+42.8M Share of the company7.120% BlackRock, Inc.'s full portfolio →
SA Situational Awareness LP	26.5M	4.28%	+6.6M (+33.1%)	Q4 '25	0.8%
Shares held by quarter Peak holding26.5M (Q2'26) Change over 8 quarters+26.5M Share of the company4.280% Situational Awareness LP's full portfolio →

BlackRock, Inc.

44.0M

% of company

7.12%

Change vs last qtr

+42.8M (+3649.6%)

Held since

2022

Situational Awareness LP

26.5M

% of company

4.28%

Change vs last qtr

+6.6M (+33.1%)

Held since

Q4 '25

28 more super investors behind a free account

See every manager holding Keel Infrastructure Corp, how their position has changed, and how long they've held it.

Institutional Funds

Mutual funds and ETFs reporting KEEL on Form N-PORT; together they hold 17.0% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
IR iShares Russell 2000 ETF iShares Trust	$87M	15.2M	2.45%	0.10%	June 30, 2026
VT Vanguard Total Stock Market Index Fund Vanguard Index Funds	$43.9M	7.7M	1.24%	0.00%	June 30, 2026

iShares Russell 2000 ETF

iShares Trust

Position value

$87M

% of company

2.45%

% of the fund

0.10%

As of

June 30, 2026

Vanguard Total Stock Market Index Fund

Vanguard Index Funds

Position value

$43.9M

% of company

1.24%

% of the fund

0.00%

As of

June 30, 2026

23 more funds behind a free account

See every fund holding Keel Infrastructure Corp and how much of the fund the position is.

Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G

Holder	Shares	% of company	Change vs last qtr	8 quarters	Held since	% of their book
RP Riot Platforms, Inc. 5%+ holder 13D · 4.6%	25.7M	4.16%	—	—	—	—
This holder reports through Schedule 13D/G, not a quarterly 13F. Share of the company4.160% Disclosed stake13D · 4.6% View the 13D/G filing →
GB Gagnon Benjamin Insider	1.4M	0.22%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company0.220% Gagnon Benjamin's insider activity →

Riot Platforms, Inc.

5%+ holder13D · 4.6%

25.7M

% of company

4.16%

Change vs last qtr

—

Held since

—

Gagnon Benjamin

Insider

1.4M

% of company

0.22%

Change vs last qtr

—

Held since

—

8 more holders behind a free account

See every insider and 5%+ holder of Keel Infrastructure Corp.

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