BlackRock, Inc. ownership in KAI / Kadant Inc.

Kadant Inc.

US ˙ NYSE ˙ US48282T1043

Security	KAI / Kadant Inc.
Institution	BlackRock, Inc.
Latest Disclosed Ownership	1,776,651 shares
Ownership	15.10%

2025-03-07 - BlackRock, Inc. has filed an SCHEDULE 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 1,776,651 shares of Kadant Inc. (US:KAI). This represents 15.1 percent ownership of the company. In their previous filing dated 2024-01-25 , BlackRock, Inc. had reported owning 940,228 shares, indicating an increase of 88.96 percent.

Institutional Ownership: 13D/G Filings

This table shows a history of the 13D/G filings made by the investor and/or investor group. Note that the share values in this table are not directly comparable to any numbers shown in the 13F table (if any).

File Date	Effective Date	Form	Prev Shares	Latest Shares	ΔShares (Percent)	Ownership (Percent)	ΔOwnership (Percent)
2025-03-07	2025-03-07	13G/A	940,228	1,776,651	88.96	15.10	88.75
2024-01-25	2024-01-25	13G/A	844,928	940,228	11.28	8.00	11.11
2023-01-31	2023-01-31	13G/A	788,752	844,928	7.12	7.20	5.88
2022-02-01	2022-02-01	13G/A	849,695	788,752	-7.17	6.80	-8.11
2021-01-29	2021-01-29	13G/A	975,033	849,695	-12.85	7.40	-13.95
2020-02-05	2020-02-05	13G/A	789,224	975,033	23.54	8.60	21.13
2019-02-06	2019-02-06	13G/A	1,138,121	789,224	-30.66	7.10	-31.07
2018-01-19	2018-01-19	13G/A	1,159,767	1,138,121	-1.87	10.30	-1.90
2017-11-09	2017-11-09	13G/A	704,019	1,159,767	64.74	10.50	61.54
2017-01-25	2017-01-25	13G/A	641,491	704,019	9.75	6.50	8.33
2016-01-26	2016-01-26	13G/A		641,491		6.00
2015-01-30	2015-01-30	13G/A		674,425		6.20
2014-01-29	2014-01-29	13G/A		746,528		6.70
2013-02-05	2013-02-05	13G/A		703,132		6.21
2012-02-13	2012-02-13	13G/A		735,459		6.17

Important Note: One of the primary uses of the 13D/G filings is to evaluate the ability of a firm to control a company (ie, the "beneficial ownership"). To that end, firms are required to report not just direct holdings in companies, but indirect holdings that they control. For investment firms, these indirect holdings can include shares in funds they manage, advisory accounts, and in the case of activist campaigns, pledged votes. Therefore, share counts listed in 13D/G filings can differ significantly than share counts listed in 13F filings.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)

File Date	Effective Date	Form	Security	Class	ID	Reported Shares	ΔShares	ΔShares (%)	Reported Value (x1000)	ΔValue (%)	Alloc (%)
2026-05-13	2026-03-31	13F	KADANT	COM	48282T104	1,736,630	561	0.03	507,704	2.60	0.0089
2026-02-12	2025-12-31	13F	KADANT	COM	48282T104	1,736,069	-3,782	-0.22	494,814	-4.43	0.0084
2025-11-12	2025-09-30	13F	KADANT	COM	48282T104	1,739,851	-27,800	-1.57	517,745	-7.73	0.0091
2025-08-12	2025-06-30	13F	KADANT	COM	48282T104	1,767,651	-37,775	-2.09	561,141	-7.75	0.0107
2025-05-02	2025-03-31	13F	KADANT	COM	48282T104	1,805,426	853,365	89.63	608,266	85.19	0.0128
2025-02-07	2024-12-31	13F	KADANT	COM	48282T104	952,061	-6,488	-0.68	328,452	1.38	0.0066
2024-11-13	2024-09-30	13F	KADANT	COM	48282T104	958,549	1,875	0.20	323,990	15.28	0.0068
2024-08-13	2024-06-30	13F	KADANT	COM	48282T104	956,674	-18,448	-1.89	281,052	-12.15	0.0064
2024-05-10	2024-03-31	13F	KADANT	COM	48282T104	975,122	34,894	3.71	319,938	21.39	0.0074
2024-02-13	2023-12-31	13F	KADANT	COM	48282T104	940,228	77,645	9.00	263,555	35.47	0.0067
2023-11-13	2023-09-30	13F	KADANT	COM	48282T104	862,583	-49,592	-5.44	194,556	-3.97	0.0056
2023-08-11	2023-06-30	13F	KADANT	COM	48282T104	912,175	42,069	4.83	202,594	11.66	0.0056
2023-05-12	2023-03-31	13F	KADANT	COM	48282T104	870,106	25,178	2.98	181,435	20.89	0.0054
2023-02-13	2022-12-31	13F	KADANT	COM	48282T104	844,928	35,246	4.35	150,085	11.12	0.0047
2022-11-14	2022-09-30	13F	KADANT	COM	48282T104	809,682	375	0.05	135,064	-8.48	0.0046
2022-08-12	2022-06-30	13F	KADANT	COM	48282T104	809,307	27,758	3.55	147,579	-2.76	0.0047
2022-05-12	2022-03-31	13F	KADANT	COM	48282T104	781,549	-7,203	-0.91	151,770	-16.51	0.0041
2022-02-10	2021-12-31	13F	KADANT	COM	48282T104	788,752	17,142	2.22	181,792	15.43	0.0046
2021-11-09	2021-09-30	13F	KADANT	COM	48282T104	771,610	-20,838	-2.63	157,485	12.86	0.0044
2021-08-11	2021-06-30	13F	KADANT	COM	48282T104	792,448	-73,053	-8.44	139,542	-12.86	0.0039
2021-05-07	2021-03-31	13F	KADANT	COM	48282T104	865,501	15,806	1.86	160,127	33.67	0.0047
2021-02-05	2020-12-31	13F	KADANT	COM	48282T104	849,695	44,942	5.58	119,789	35.79	0.0038
2020-11-06	2020-09-30	13F	KADANT	COM	48282T104	804,753	-60,132	-6.95	88,219	2.35	0.0033
2020-08-14	2020-06-30	13F	KADANT	COM	48282T104	864,885	-108,488	-11.15	86,194	18.62	0.0034
2020-05-01	2020-03-31	13F	KADANT	COM	48282T104	973,373	-1,660	-0.17	72,663	-29.25	0.0036
2020-02-13	2019-12-31	13F	KADANT	COM	48282T104	975,033	3,068	0.32	102,711	20.37	0.0039
2019-11-08	2019-09-30	13F	KADANT	COM	48282T104	971,965	29,921	3.18	85,329	-0.25	0.0036
2019-08-22	2019-06-30	13F/A-1	KADANT	COM	48282T104	942,044	145,505	18.27	85,546	22.10	0.0037
2019-08-13	2019-06-30	13F	KADANT	COM	48282T104	942,044	145,505		85,546
2019-05-09	2019-03-31	13F	KADANT	COM	48282T104	796,539	7,315	0.93	70,063	8.98	0.0031
2019-02-08	2018-12-31	13F	KADANT	COM	48282T104	789,224	-64,061	-7.51	64,291	-30.14	0.0032
2018-11-09	2018-09-30	13F	KADANT	COM	48282T104	853,285	-215,815	-20.19	92,026	-10.48	0.0040
2018-08-09	2018-06-30	13F	KADANT	COM	48282T104	1,069,100	15,229	1.45	102,795	3.22	0.0047
2018-05-09	2018-03-31	13F	KADANT	COM	48282T104	1,053,871	-84,250	-7.40	99,592	-12.84	0.0048
2018-02-09	2017-12-31	13F	KADANT	COM	48282T104	1,138,121	52,518	4.84	114,267	6.81	0.0054
2017-11-14	2017-09-30	13F	KADANT	COM	48282T104	1,085,603	223,971	25.99	106,986	65.12	0.0054
2017-08-10	2017-06-30	13F	KADANT	COM	48282T104	861,632	142,645	19.84	64,794	51.84	0.0034
2017-05-12	2017-03-31	13F	KADANT	COM	48282T104	718,987	716,554	29,451.46	42,673	28,733.11	0.0023
2017-02-10	2016-12-31	13F	KADANT	COM	48282T104	2,433	-15	-0.61	148	15.63	0.0002
2016-11-08	2016-09-30	13F	KADANT	COM	48282T104	2,448	-125	-4.86	128	-3.76	0.0002
2016-08-10	2016-06-30	13F	KADANT	COM	48282T104	2,573	1,895	279.50	133	329.03	0.0002
2016-05-10	2016-03-31	13F	KADANT	COM	48282T104	678	410	152.99	31	181.82	0.0000
2016-02-11	2015-12-31	13F	KADANT	COM	48282T104	268	0	0.00	11	10.00	0.0000
2015-11-13	2015-09-30	13F	KADANT	COM	48282T104	268	0	0.00	10	-23.08	0.0000
2015-08-07	2015-06-30	13F	KADANT	COM	48282T104	268	0	0.00	13	-7.14	0.0000
2015-05-13	2015-03-31	13F	KADANT	COM	48282T104	268	0	0.00	14	27.27	0.0000
2015-02-09	2014-12-31	13F	KADANT	COM	48282T104	268	0	0.00	11	10.00	0.0000
2014-10-29	2014-09-30	13F	KADANT	COM	48282T104	268	0	0.00	10	0.00	0.0000
2014-08-06	2014-06-30	13F	KADANT	COM	48282T104	268	-44	-14.10	10	-9.09	0.0000
2014-05-02	2014-03-31	13F	KADANT	COM	48282T104	312	0	0.00	11	-15.38	0.0000
2014-02-12	2013-12-31	13F	KADANT	COM	48282T104	312	0	0.00	13	30.00	0.0000
2013-11-12	2013-09-30	13F	KADANT	COM	48282T104	312	0	0.00	10	11.11	0.0000
2013-08-13	2013-06-30	13F	KADANT	COM	48282T104	312	312		9		0.0000

Legend

Shares: The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value: The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price: The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class: This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred

Allocation (%): The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation: The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%): The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis: The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss: This is the market value of the position as of the effective date minus the cost basis.