TKO Group Holdings, Inc. Class A (TKO)
Daily ERM3 factor decomposition: how much of TKO's variance is explained by the market, its sector, and its subsector — and the ETF notionals that would neutralize each layer.
- Price
- $172.18
- Market cap
- $32.6B
- 23-day vol
- 24.1%
- Sector proxy
- XLY
- Subsector proxy
- PEJ
Risk DNA
16% of TKO's variance is systematic (explainable by market, sector, and subsector factors); the rest is stock-specific.
TKO carries 84% stock-specific risk against a peer average of 85% — less of what happens here is specific to this name than is typical for its cohort.
ETF hedge ratios
Dollars of ETF to short per $1 of TKO held — executable hedge weights, not regression betas. L1 hedges market only; L3 adds sector and subsector layers.
| Level | Market (SPY) | Sector (XLY) | Subsector (PEJ) | Explained risk |
|---|---|---|---|---|
| L1 | $-0.23 | — | — | 2.5% |
| L2 | $0.43 | $-0.57 | — | 4.8% |
| L3 | $0.51 | $-0.19 | $-0.66 | 16.1% |
Data as of October 29, 2026. Updated daily from the ERM3 pipeline.
13F filers holding TKO
From the most recent quarterly 13F filings in our tracked filer universe, largest reported position first.
Browse every tracked 13F filer.
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