Kadant Inc.
US ˙ NYSE ˙ US48282T1043

SecurityKAI / Kadant Inc.
InstitutionMorgan Stanley
Latest Disclosed Ownership163,173 shares
Latest Disclosed Value $ 47,704,162
Morgan Stanley reports 4.98% decrease in ownership of KAI / Kadant Inc.

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 163,173 shares of Kadant Inc. (US:KAI) valued at $47,703,627 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 171,730 shares of Kadant Inc.. This represents a change in shares of -4.98% during the quarter. The current value of the position is $50,950,769 USD.

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 Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F KADANT COM 48282T104 163,173 -8,557 -4.98 47,704 -2.54 0.0029
2026-05-27 2025-12-31 13F/A-1 KADANT COM 48282T104 171,730 -148,724 -46.41 48,947 -48.67 0.0029
2026-02-13 2025-12-31 13F KADANT COM 48282T104 171,730 -148,724 48,947 0.0029
2026-05-27 2025-09-30 13F/A-1 KADANT COM 48282T104 320,454 -60,816 -15.95 95,362 -21.21 0.0058
2025-11-14 2025-09-30 13F KADANT COM 48282T104 320,454 -60,816 95,362 0.0058
2025-08-15 2025-06-30 13F KADANT COM 48282T104 381,270 61,916 19.39 121,035 12.49 0.0079
2025-05-15 2025-03-31 13F KADANT COM 48282T104 319,354 142,414 80.49 107,594 76.26 0.0077
2025-05-15 2024-12-31 13F/A-1 KADANT COM 48282T104 176,940 81,140 84.70 61,043 88.52 0.0043
2025-02-14 2024-12-31 13F KADANT COM 48282T104 176,940 81,140 61,043 0.0043
2025-05-14 2024-09-30 13F/A-2 KADANT COM 48282T104 95,800 19,614 25.74 32,381 44.67 0.0023
2025-02-14 2024-09-30 13F/A-1 KADANT COM 48282T104 95,800 19,614 32,381 0.0023
2024-11-14 2024-09-30 13F KADANT COM 48282T104 95,800 19,614 32,381 0.0003
2025-05-14 2024-06-30 13F/A-2 KADANT COM 48282T104 76,186 -10,208 -11.82 22,382 -21.04 0.0017
2024-10-17 2024-06-30 13F/A-1 KADANT COM 48282T104 76,186 -10,208 22,382 0.0017
2024-08-14 2024-06-30 13F KADANT COM 48282T104 76,186 -10,208 22,382 0.0017
2024-10-17 2024-03-31 13F/A-2 KADANT COM 48282T104 86,394 30,798 55.40 28,346 81.89 0.0023
2024-08-16 2024-03-31 13F/A-1 KADANT COM 48282T104 86,394 30,798 28,346 0.0003
2024-05-15 2024-03-31 13F KADANT COM 48282T104 86,394 30,798 28,346 0.0023
2024-08-16 2023-12-31 13F/A-1 KADANT COM 48282T104 55,596 4,453 8.71 15,584 35.10 0.0014
2024-02-13 2023-12-31 13F KADANT COM 48282T104 55,596 4,453 15,584 0.0014
2023-11-15 2023-09-30 13F KADANT COM 48282T104 51,143 -1,183 -2.26 11,535 -0.74 0.0012
2023-08-14 2023-06-30 13F KADANT COM 48282T104 52,326 13,186 33.69 11,622 42.40 0.0011
2023-05-15 2023-03-31 13F KADANT COM 48282T104 39,140 8,902 29.44 8,161 51.95 0.0009
2023-02-14 2022-12-31 13F KADANT COM 48282T104 30,238 -21,637 -41.71 5,371 -37.94 0.0006
2022-11-14 2022-09-30 13F KADANT COM 48282T104 51,875 1,856 3.71 8,654 -5.12 0.0012
2022-10-27 2022-06-30 13F/A-1 KADANT COM 48282T104 50,019 35,444 243.18 9,121 222.18 0.0012
2022-08-15 2022-06-30 13F KADANT COM 48282T104 50,019 35,444 9,121 0.0002
2022-10-27 2022-03-31 13F/A-1 KADANT COM 48282T104 14,575 -438 -2.92 2,831 -18.18 0.0004
2022-05-13 2022-03-31 13F KADANT COM 48282T104 14,575 -438 2,831 0.0004
2022-02-14 2021-12-31 13F KADANT COM 48282T104 15,013 -4,953 -24.81 3,460 -15.11 0.0004
2021-11-15 2021-09-30 13F KADANT COM 48282T104 19,966 -4,526 -18.48 4,076 -5.52 0.0005
2021-08-23 2021-06-30 13F/A-1 KADANT COM 48282T104 24,492 11,194 84.18 4,314 75.37 0.0006
2021-08-16 2021-06-30 13F KADANT COM 48282T104 24,492 11,194 4,314 0.0001
2021-05-17 2021-03-31 13F KADANT COM 48282T104 13,298 2,693 25.39 2,460 64.44 0.0004
2021-02-16 2020-12-31 13F KADANT COM 48282T104 10,605 7,725 268.23 1,496 374.92 0.0002
2020-11-13 2020-09-30 13F KADANT COM 48282T104 2,880 -2,564 -47.10 315 -41.88 0.0001
2020-08-14 2020-06-30 13F KADANT COM 48282T104 5,444 1,890 53.18 542 105.30 0.0001
2020-05-26 2020-03-31 13F/A-1 KADANT COM 48282T104 3,554 -12,087 -77.28 264 -83.97 0.0001
2020-05-15 2020-03-31 13F KADANT COM 48282T104 3,554 -12,087 264 20.2807
2020-02-14 2019-12-31 13F KADANT COM 48282T104 15,641 11,337 263.41 1,647 335.71 0.0004
2019-11-14 2019-09-30 13F KADANT COM 48282T104 4,304 2,622 155.89 378 148.68 0.0001
2019-08-14 2019-06-30 13F KADANT COM 48282T104 1,682 -35,308 -95.45 152 -95.33 0.0000
2019-05-15 2019-03-31 13F KADANT COM 48282T104 36,990 119 0.32 3,254 8.36 0.0009
2019-02-14 2018-12-31 13F KADANT COM 48282T104 36,871 633 1.75 3,003 -23.18 0.0009
2019-04-23 2018-09-30 13F/A-2 KADANT COM 48282T104 36,238 -47,084 -56.51 3,909 -51.20 0.0010
2018-11-20 2018-09-30 13F/A-1 KADANT COM 48282T104 36,238 0 3,909 0.0010
2018-11-14 2018-09-30 13F KADANT COM 48282T104 36,238 -47,084 3,909
2019-04-23 2018-06-30 13F/A-1 KADANT COM 48282T104 83,322 33,308 66.60 8,011 69.51 0.0022
2018-08-14 2018-06-30 13F KADANT COM 48282T104 83,322 33,308 8,011
2019-04-23 2018-03-31 13F/A-1 KADANT COM 48282T104 50,014 -6,917 -12.15 4,726 -17.32 0.0013
2018-05-14 2018-03-31 13F KADANT COM 48282T104 50,014 -6,917 4,726
2019-04-23 2017-12-31 13F/A-1 KADANT COM 48282T104 56,931 -31,224 -35.42 5,716 -34.20 0.0016
2018-02-14 2017-12-31 13F KADANT COM 48282T104 56,931 -31,224 5,716
2017-11-14 2017-09-30 13F KADANT COM 48282T104 88,155 -15,689 -15.11 8,687 11.26 0.0026
2017-08-11 2017-06-30 13F KADANT COM 48282T104 103,844 21,238 25.71 7,808 59.22 0.0024
2017-05-22 2017-03-31 13F/A-1 KADANT COM 48282T104 82,606 -4,017 -4.64 4,904 -7.51 0.0015
2017-05-12 2017-03-31 13F KADANT COM 48282T104 82,606 4,904
2017-02-22 2016-12-31 13F/A-1 KADANT COM 48282T104 86,623 21,497 33.01 5,302 56.26 0.0017
2017-02-13 2016-12-31 13F KADANT COM 48282T104 86,623 5,302
2016-11-10 2016-09-30 13F KADANT COM 48282T104 65,126 38,537 144.94 3,393 147.85 0.0012
2016-08-12 2016-06-30 13F KADANT COM 48282T104 26,589 9,115 52.16 1,369 73.51 0.0005
2016-05-12 2016-03-31 13F KADANT COM 48282T104 17,474 -17,064 -49.41 789 -43.76 0.0003
2016-02-09 2015-12-31 13F KADANT COM 48282T104 34,538 -24,816 -41.81 1,403 -39.42 0.0005
2016-02-08 2015-09-30 13F/A-1 KADANT COM 48282T104 59,354 -22,154 -27.18 2,316 -39.80 0.0009
2015-11-09 2015-09-30 13F KADANT COM 48282T104 59,354 2,316
2015-08-12 2015-06-30 13F KADANT COM 48282T104 81,508 20,856 34.39 3,847 20.56 0.0013
2015-05-14 2015-03-31 13F KADANT COM 48282T104 60,652 8,332 15.93 3,191 42.90 0.0012
2015-02-13 2014-12-31 13F KADANT COM 48282T104 52,320 -4,179 -7.40 2,233 1.22 0.0008
2014-12-16 2014-09-30 13F/A-1 KADANT COM 48282T104 56,499 -10,531 -15.71 2,206 -9.78 0.0008
2014-11-14 2014-09-30 13F KADANT COM 48282T104 56,499 2,206
2014-05-13 2014-03-31 13F KADANT COM 48282T104 67,030 7,314 12.25 2,445 1.03 0.0010
2014-02-13 2013-12-31 13F KADANT COM 48282T104 59,716 4,661 8.47 2,420 30.95 0.0010
2013-11-13 2013-09-30 13F KADANT INC COM ST COM 48282T104 55,055 -13,940 -20.20 1,848 -11.20 0.0009
2013-08-08 2013-06-30 13F KADANT INC COM ST COM 48282T104 68,995 68,995 2,081 0.0010
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.