Headland Capital Exits $5 Million Knife River Position Amid 31% Stock Decline

Headland Capital has sold its entire $4.89 million position in Knife River, a construction materials company with a market capitalization of $3.91 billion. Knife River's stock has dropped 31% in the past year, underperforming the S&P 500 by 47.5 percentage points. Despite a solid recent earnings report, the company's shares have struggled due to margin pressures, weather disruptions, and operational challenges in certain regions.