Key Takeaways
- • Tema Alternative Asset Managers ETF (AAUM) held 1,086 shares of KKR & Co Inc as of February 28, 2026, valued at $95,220, representing 4.72% of the fund's stock portfolio.
- • The position reflects an unrealized loss of $31,619.06 (-23.01%) since initial purchase in Q4 2025 at an average price of $126.55 per share, against a current price of $97.43.
- • KKR represents one of AAUM's significant holdings alongside other alternative asset managers including Brookfield Corp (5.72%), Stepstone Group (5.69%), and Apollo Asset Management (5.52%).
- • AAUM provides targeted exposure to alternative asset managers across private equity, private credit, infrastructure, real estate, and venture capital segments, with a 0.75% expense ratio and approximately $2.0 million in net assets.
Summary
Tema Alternative Asset Managers ETF maintains a material position in KKR & Co Inc as part of its focused strategy on alternative asset management firms. As of the most recent reporting date of February 28, 2026, AAUM held 1,086 shares of KKR valued at $95,220, constituting 4.72% of the fund's equity portfolio and representing 0% of KKR's outstanding shares. The position reflects the fund's strategic allocation to leading alternative asset managers operating across diversified investment verticals.
The KKR investment was initiated in the fourth quarter of 2025 through a single purchase transaction at an average price of $126.55 per share. Since that initial acquisition, the position has experienced significant downward movement, with KKR's share price declining to $97.43 as of the summary date. This represents a realized loss of $31,619.06, or 23.01%, on the 1,086-share position. No subsequent purchases or sales have occurred since the Q4 2025 entry.
AAUM's portfolio construction emphasizes exposure to the alternative asset management sector, with KKR forming a core holding alongside peer firms including Brookfield Corp at 5.72%, Stepstone Group Inc Class A at 5.69%, and Apollo Asset Management at 5.52%. This diversified weighting across complementary alternative managers reflects the fund's mandate to capture exposure to the growth dynamics of alternative assets including private equity, private credit, infrastructure, real estate, and venture capital. The fund operates with a 0.75% expense ratio and maintains approximately 30 positions across its portfolio.
The KKR investment was initiated in the fourth quarter of 2025 through a single purchase transaction at an average price of $126.55 per share. Since that initial acquisition, the position has experienced significant downward movement, with KKR's share price declining to $97.43 as of the summary date. This represents a realized loss of $31,619.06, or 23.01%, on the 1,086-share position. No subsequent purchases or sales have occurred since the Q4 2025 entry.
AAUM's portfolio construction emphasizes exposure to the alternative asset management sector, with KKR forming a core holding alongside peer firms including Brookfield Corp at 5.72%, Stepstone Group Inc Class A at 5.69%, and Apollo Asset Management at 5.52%. This diversified weighting across complementary alternative managers reflects the fund's mandate to capture exposure to the growth dynamics of alternative assets including private equity, private credit, infrastructure, real estate, and venture capital. The fund operates with a 0.75% expense ratio and maintains approximately 30 positions across its portfolio.
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