KNIFE RIVER CORP

Ticker: KNF CUSIP: 498894104 Class: COMMON STOCK

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (44)

Paradice Investment Management LLC
Value ($000) $22,001 Shares 312,743
4D Advisors, LLC
Value ($000) $3,518 Shares 50,000
Soapstone Management L.P.
Value ($000) $2,397 Shares 34,071
Intrinsic Edge Capital Management LLC
Value ($000) $7,035 Shares 100,000
Dynamic Technology Lab Private Ltd
Value ($000) $923 Shares 13,120
INCEPTIONR LLC
Value ($000) $284 Shares 4,039
XTX Topco Ltd
Value ($000) $1,450 Shares 20,618
ExodusPoint Capital Management, LP
Value ($000) $4,704 Shares 66,870
ALGERT GLOBAL LLC
Value ($000) $4 Shares 63,210
FIRST NATIONAL BANK OF OMAHA
Value ($000) $824 Shares 11,500
Central Pacific Bank - Trust Division
Value ($000) $267 Shares 3,794
Capital World Investors
Value ($000) $71,166 Shares 1,011,598
RENAISSANCE TECHNOLOGIES LLC
Value ($000) $8,168 Shares 116,100
Laurion Capital Management LP
Value ($000) $706 Shares 10,042
Trexquant Investment LP
Value ($000) $1,346 Shares 19,133
Entropy Technologies, LP
Value ($000) $273 Shares 3,879
Alberta Investment Management Corp
Value ($000) $1,590 Shares 22,600
Aquatic Capital Management LLC
Value ($000) $381 Shares 5,419
NATIXIS
Value ($000) $928 Shares 13,197
Holocene Advisors, LP
Value ($000) $1,084 Shares 15,415

Increased Positions (111)

Voss Capital, LLC
Value ($000) $49,952 (+47.7%) Shares 710,048 (+61.4%)
Meixler Investment Management, Ltd.
Value ($000) $2,129 (+32.3%) Shares 30,262 (+44.6%)
BARROW HANLEY MEWHINNEY & STRAUSS LLC
Value ($000) $124,821 (+44.3%) Shares 1,774,284 (+57.7%)
Future Fund LLC
Value ($000) $2,129 (+15.4%) Shares 30,268 (+26.1%)
FRONTIER CAPITAL MANAGEMENT CO LLC
Value ($000) $30,075 (+39.1%) Shares 427,512 (+52.0%)
HUNTER ASSOCIATES INVESTMENT MANAGEMENT LLC
Value ($000) $3 (+160.9%) Shares 36,659 (+184.3%)
WESTWOOD HOLDINGS GROUP INC
Value ($000) $58,064 (+5.4%) Shares 825,363 (+15.2%)
Cascade Investment Advisors, Inc.
Value ($000) $1,208 (-1.9%) Shares 17,177 (+7.1%)
DIAMOND HILL CAPITAL MANAGEMENT INC
Value ($000) $23,178 (+36.7%) Shares 329,460 (+49.4%)
TEACHER RETIREMENT SYSTEM OF TEXAS
Value ($000) $17,978 (+71.8%) Shares 255,557 (+87.8%)
F/M Investments LLC
Value ($000) $5,179 (+9.1%) Shares 73,611 (+19.2%)
NEUBERGER BERMAN GROUP LLC
Value ($000) $63,351 (+68.7%) Shares 900,518 (+84.3%)
Advisors Asset Management, Inc.
Value ($000) $3,966 (+27.9%) Shares 56,382 (+39.7%)
Shay Capital LLC
Value ($000) $721 (+25.1%) Shares 10,250 (+36.7%)
One Capital Management, LLC
Value ($000) $1,644 (+32.4%) Shares 23,369 (+44.7%)
Manchester Capital Management LLC
Value ($000) $136 (+5260.1%) Shares 1,933 (+5757.6%)
GAMCO INVESTORS, INC. ET AL
Value ($000) $6,708 (+6.5%) Shares 95,348 (+16.4%)
Baird Financial Group, Inc.
Value ($000) $7,582 (+109.5%) Shares 107,775 (+128.9%)
CITADEL ADVISORS LLC
Value ($000) $24,026 (+368.7%) Shares 341,524 (+412.2%)
MASSACHUSETTS FINANCIAL SERVICES CO /MA/
Value ($000) $40,664 (+19.7%) Shares 578,023 (+30.8%)

Decreased Positions (114)

Register Financial Advisors LLC
Value ($000) $1,791 (-35.5%) Shares 25,465 (-29.5%)
KENNEDY CAPITAL MANAGEMENT LLC
Value ($000) $4,080 (-77.1%) Shares 57,992 (-75.0%)
PECAUT & CO.
Value ($000) $3,573 (-12.8%) Shares 50,790 (-4.7%)
SILVERCREST ASSET MANAGEMENT GROUP LLC
Value ($000) $42,302 (-33.0%) Shares 601,304 (-26.8%)
GILDER GAGNON HOWE & CO LLC
Value ($000) $3,129 (-79.7%) Shares 44,474 (-77.9%)
Penn Capital Management Company, LLC
Value ($000) $14,933 (-10.5%) Shares 211,725 (-2.2%)
TWINBEECH CAPITAL LP
Value ($000) $725 (-72.6%) Shares 10,300 (-70.0%)
Moody Aldrich Partners LLC
Value ($000) $3,510 (-12.5%) Shares 49,899 (-4.4%)
CONGRESS ASSET MANAGEMENT CO /MA
Value ($000) $49,300 (-16.3%) Shares 700,780 (-8.6%)
Angeles Investment Advisors, LLC
Value ($000) $7,141 (-13.1%) Shares 101,510 (-5.0%)
SITTNER & NELSON, LLC
Value ($000) $293 (-31.3%) Shares 3,659 (-34.0%)
CARLSON CAPITAL L P
Value ($000) $675 (-20.1%) Shares 9,600 (-12.7%)
T. Rowe Price Investment Management, Inc.
Value ($000) $12 (-86.5%) Shares 172,876 (-85.2%)
ARCADIA INVESTMENT MANAGEMENT CORP/MI
Value ($000) $318 (-47.4%) Shares 4,514 (-42.5%)
AMERICAN CENTURY COMPANIES INC
Value ($000) $1,029 (-97.1%) Shares 14,628 (-96.9%)
FRANKLIN RESOURCES INC
Value ($000) $516 (-98.8%) Shares 7,332 (-98.6%)
Invesco Ltd.
Value ($000) $21,113 (-69.5%) Shares 300,107 (-66.7%)
Asset Management One Co., Ltd.
Value ($000) $210 (-95.5%) Shares 2,885 (-95.3%)
JOHN G ULLMAN & ASSOCIATES INC
Value ($000) $4,030 (-9.5%) Shares 57,292 (-1.1%)
AMERIPRISE FINANCIAL INC
Value ($000) $4,762 (-84.0%) Shares 67,695 (-82.6%)

Exited Positions (63)

Headland Capital, LLC
Value ($000) $4,892 Shares 63,636
Roubaix Capital, LLC
Value ($000) $2,905 Shares 37,787
Gallo Partners, LP
Value ($000) $1,631 Shares 21,217
Neo Ivy Capital Management
Value ($000) $2,412 Shares 31,372
BRANT POINT INVESTMENT MANAGEMENT LLC
Value ($000) $3,379 Shares 43,953
Oliver Luxxe Assets LLC
Value ($000) $2,015 Shares 26,215
Freemont Management S.A.
Value ($000) $907 Shares 11,800
Hodges Capital Management Inc.
Value ($000) $3,075 Shares 40,000
SUMMIT WEALTH GROUP LLC / CO
Value ($000) $1,554 Shares 5,468
Ausbil Investment Management Ltd
Value ($000) $366 Shares 5,046
SHAKER INVESTMENTS LLC/OH
Value ($000) $426 Shares 5,539
MACQUARIE GROUP LTD
Value ($000) $51,064 Shares 664,288
CASTLEARK MANAGEMENT LLC
Value ($000) $3,962 Shares 51,539
HARBOUR INVESTMENT MANAGEMENT LLC
Value ($000) $204 Shares 2,652
Huntleigh Advisors, Inc.
Value ($000) $497 Shares 6,469
Fractal Investments LLC
Value ($000) $515 Shares 6,702
Boston Partners
Value ($000) $28,768 Shares 379,966
Clearbridge Investments, LLC
Value ($000) $32,428 Shares 421,861
Legacy Wealth Asset Management, LLC
Value ($000) $218 Shares 2,842
Patten Group, Inc.
Value ($000) $210 Shares 2,736