KRMN underperformed with a -3.21% one-month return despite broader market gains driven by AI and geopolitical optimism.
Karman Holdings Inc. (NYSE:KRMN) closed at $46.17 on July 17, 2026, reflecting a market capitalization of $6.12 billion. The stock posted a one-month return of -3.21%, lagging the S&P 500’s 15.2% gain in Q2 2026.
The broader market rebound was fueled by a U.S.-Iran ceasefire and accelerated AI investment, lifting Information Technology and Industrials sectors. Energy and Utilities underperformed due to falling oil and gas prices. The Alger Mid Cap Focus Fund’s Class A shares outperformed the Russell Midcap Growth Index, driven by strong IT and Health Care holdings.
KRMN’s near-term weakness contrasts with long-term optimism around its defense technology and AI adoption potential, according to the fund’s Q2 2026 investor letter.