Schusterman Interests, based in Tulsa, revealed ownership of 2.1 million shares of Karman stock, valued at $148 million. This position represents 33.8% of the firm’s 13F reportable assets under management, making it their largest reported holding.

The fund also disclosed new positions in other stocks, with Karman Holdings dominating at $148 million, followed by other top holdings like RSP, SPY, HTFL, and PACK. This strategic move showcases the fund’s confidence in the aerospace and defense sector’s growth potential.

Karman Holdings operates within the aerospace and defense sector, specializing in designing and manufacturing mission-critical systems for various markets. The company’s focus on high-growth areas like missile defense and space programs positions them as a key player in supplying critical hardware to government and commercial clients.

Schusterman Interests’ concentrated bet on Karman Holdings, making it their largest equity position, underscores their confidence in the company’s post-IPO growth potential. With Karman’s stock price tripling since its IPO in February, institutional investors are recognizing the value in mission-critical hardware for the defense and space industries.

Read more at Yahoo Finance: This Family Office Acquired $148 Million of Karman Stock as Shares Tripled Since February IPO