Kennedy Capital Management LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Kennedy Capital Management LLC reported 642 stock positions worth $4.2 billion. Its top holding was Chefs' Warehouse (CHEF) at 1.1% of the portfolio, followed by Apple (AAPL, 0.9%) and Stifel Financial (SF, 0.9%). Compared with Q4 2024, it opened 42 new positions, sold out of 69, added to 245 and reduced 345. The biggest buy was Valmont Industries (VMI, shares +221%) and the biggest sale an exit from Barnes.
- Most Recent 13F
- Q2 2026
- Location
- ST LOUIS, MO
- CIK
- 0000884589
- Portfolio Value
- $4.2B (Q1 2025)
- SEC Filing
- 0000884589-25-000006 ↗ filed May 13, 2025
Holdings Value
Holdings 642 stocks · $4.2B
| CHEF The Chefs' Warehouse Inc. | 1.15% | 882,640 | $48.1M | Add +17.0% |
| AAPL Apple Inc. | 0.92% | 173,485 | $38.5M | Reduce -9.6% |
| SF Stifel Financial Corp. | 0.90% | 398,929 | $37.6M | Add +5.6% |
| LLY Eli Lilly & Co. | 0.85% | 43,259 | $35.7M | Add +4.6% |
| MSFT Microsoft Corp. | 0.85% | 95,054 | $35.7M | Reduce -10.2% |
| NVDA Nvidia Corp. | 0.85% | 327,135 | $35.5M | Reduce -14.5% |
| OZK Bank Ozk | 0.81% | 780,673 | $33.9M | Add +53.7% |
| GTES Gates Industrial Corp. UK Ltd. | 0.81% | 1,835,429 | $33.8M | Add +12.2% |
| UNH Unitedhealth Group Inc. | 0.78% | 62,543 | $32.8M | Add +6.8% |
| HOMB Home Bancshares Inc. | 0.77% | 1,144,789 | $32.4M | Add +8.1% |
| HXL Hexcel Corp. | 0.77% | 586,072 | $32.1M | Add +2.1% |
| HALO Halozyme Therapeutics Inc. | 0.72% | 474,453 | $30.3M | Add +20.4% |
| ALG Alamo Group Inc. | 0.72% | 169,852 | $30.3M | Add +61.4% |
| EXP Eagle Materials Inc. | 0.67% | 126,504 | $28.1M | Add +47.9% |
| VMI Valmont Industries | 0.66% | 96,382 | $27.5M | Add +221.4% |
| GMED Globus Medical Inc. Class A | 0.63% | 357,619 | $26.2M | Reduce -19.1% |
| BOOT Boot Barn Holdings Inc. | 0.62% | 242,148 | $26.0M | Add +108.1% |
| CPRX Catalyst Pharmaceuticals Inc. | 0.61% | 1,061,323 | $25.7M | Add +4.3% |
| WTFC Wintrust Financial Corp. | 0.61% | 227,800 | $25.6M | Add +7.8% |
| CR Crane Co. | 0.60% | 162,956 | $25.0M | Reduce -20.3% |
| REVG Rev Group Inc. | 0.59% | 784,435 | $24.8M | Reduce -10.8% |
| PNFP Pinnacle Financial Partners | 0.58% | 227,525 | $24.1M | Add +78.9% |
| SSB Southstate Bank Corp. | 0.57% | 255,615 | $23.7M | Reduce -12.2% |
| TDY Teledyne Technologies Inc. | 0.56% | 46,766 | $23.3M | Add +6.3% |
| CSL Carlisle Cos Inc. | 0.55% | 67,329 | $22.9M | Add +52.6% |
| NSIT Insight Enterprises Inc. | 0.54% | 151,672 | $22.7M | Add +65.2% |
| ARIS WATER SOLUTIONS INC-A | 0.54% | 708,773 | $22.7M | Add +15.7% |
| BLD Topbuild Corp. | 0.53% | 72,593 | $22.1M | Add +77.3% |
| UPBD Upbound Group Inc. | 0.53% | 918,527 | $22.0M | Add +162.3% |
| WCC Wesco International Inc. | 0.51% | 137,632 | $21.4M | Add +116.3% |
| AZZ Azz Inc. | 0.51% | 253,971 | $21.2M | Add +40.8% |
| BANC Banc of California Inc. | 0.50% | 1,486,855 | $21.1M | Add +0.6% |
| OBK Origin Bancorp Inc. | 0.50% | 608,161 | $21.1M | Add +57.5% |
| META Meta Platforms Inc. Class A | 0.50% | 36,541 | $21.1M | Reduce -8.6% |
| KRG Kite Realty Group Trust | 0.50% | 928,794 | $20.8M | Add +6.6% |
| ABBV Abbvie Inc. | 0.50% | 99,154 | $20.8M | Reduce -8.3% |
| NOG Northern Oil and Gas Inc. | 0.49% | 681,186 | $20.6M | Add +25.0% |
| TRS Trimas Corp. | 0.49% | 877,830 | $20.6M | Add +80.7% |
| ATRC Atricure Inc. | 0.49% | 632,128 | $20.4M | Reduce -16.0% |
| SIGI Selective Insurance Group | 0.47% | 216,960 | $19.9M | Add +66.8% |
| RS Reliance Inc. | 0.47% | 67,902 | $19.6M | Add +26.4% |
| PFGC Performance Food Group Co. | 0.46% | 247,378 | $19.5M | Add +34.4% |
| AIZ Assurant Inc. | 0.46% | 92,119 | $19.3M | Add +48.4% |
| ANIP Ani Pharmaceuticals Inc. | 0.46% | 286,776 | $19.2M | Add +54.0% |
| OSK Oshkosh Corp. | 0.45% | 200,157 | $18.8M | Add +99.1% |
| AVY Avery Dennison Corp. | 0.45% | 105,011 | $18.7M | Add +64.3% |
| RGA Reinsurance Group of America | 0.44% | 92,922 | $18.3M | Add +40.5% |
| EPAC Enerpac Tool Group Corp. | 0.44% | 407,527 | $18.3M | Add +29.2% |
| SKY Champion Homes Inc. | 0.43% | 191,984 | $18.2M | Reduce -27.8% |
| SNX TD Synnex Corp. | 0.43% | 173,602 | $18.0M | Add +20.5% |
| QCRH QCR Holdings Inc. | 0.43% | 249,690 | $17.8M | Add +9.8% |
| POST Post Holdings Inc. filed as POST HLDGS INC | 0.42% | 152,434 | $17.7M | Add +110.9% |
| CCB Coastal Financial Corp. | 0.42% | 194,773 | $17.6M | Reduce -35.0% |
| PIPR Piper Sandler Cos | 0.42% | 70,457 | $17.4M | Add +61.7% |
| CWST Casella Waste Systems Inc. Class A | 0.41% | 155,510 | $17.3M | Reduce -32.7% |
| RRC Range Resources Corp. | 0.41% | 433,117 | $17.3M | Reduce -17.5% |
| GTLS Chart Industries Inc. | 0.41% | 119,512 | $17.3M | Reduce -7.8% |
| JNJ Johnson & Johnson | 0.41% | 103,892 | $17.2M | Reduce -16.9% |
| GOOGL Alphabet Inc. Class A | 0.40% | 109,056 | $16.9M | Reduce -9.8% |
| PCH Potlatchdeltic Corp. | 0.40% | 373,638 | $16.9M | Add +182.5% |
| KNF Knife River Corp. | 0.40% | 185,725 | $16.8M | Reduce -18.4% |
| STLD Steel Dynamics Inc. | 0.39% | 130,790 | $16.4M | Add +110.3% |
| UFPI Ufp Industries Inc. | 0.39% | 151,880 | $16.3M | Add +15.0% |
| BRBR Bellring Brands Inc. | 0.39% | 217,532 | $16.2M | Reduce -0.8% |
| AHCO Adapthealth Corp. | 0.39% | 1,493,643 | $16.2M | Reduce -15.5% |
| EHC Encompass Health Corp. | 0.39% | 159,811 | $16.2M | Add +67.7% |
| FARO Faro Technologies Inc. | 0.39% | 590,375 | $16.1M | Add +40.4% |
| INFA Informatica Inc. Class A | 0.38% | 922,541 | $16.1M | Add +5.0% |
| SRCE 1ST Source Corp. | 0.38% | 268,645 | $16.1M | Add +51.8% |
| DINO HF Sinclair Corp. | 0.37% | 466,922 | $15.4M | Add +176.9% |
| KWR Quaker Chemical Corporation | 0.37% | 123,729 | $15.3M | Add +68.3% |
| MRCY Mercury Systems Inc. | 0.36% | 351,678 | $15.2M | Reduce -24.6% |
| MKSI MKS Inc. filed as MKS INSTRS INC | 0.36% | 188,775 | $15.1M | Add +153.2% |
| PFBC Preferred Bank/Los Angeles | 0.35% | 177,399 | $14.8M | Add +96.6% |
| AMZN Amazon.com Inc. | 0.35% | 78,001 | $14.8M | Reduce -9.9% |
| AMTB Amerant Bancorp Inc. | 0.35% | 716,946 | $14.8M | Reduce -23.5% |
| CHE Chemed Corp. | 0.35% | 23,975 | $14.8M | Reduce -3.0% |
| TCBI Texas Capital Bancshares Inc. | 0.35% | 194,144 | $14.5M | Reduce -6.0% |
| COLB Columbia Banking System Inc. | 0.34% | 575,496 | $14.4M | Add +37.4% |
| AIT Applied Industrial Tech Inc. | 0.34% | 63,657 | $14.3M | Add +88.9% |
| BWIN Baldwin Insurance Group Inc./ filed as THE BALDWIN INSURANCE GRP IN | 0.34% | 315,209 | $14.1M | Reduce -10.6% |
| LMAT Lemaitre Vascular Inc. | 0.34% | 167,123 | $14.0M | Add +35.0% |
| NBN Northeast Bank | 0.33% | 152,923 | $14.0M | Add +7.7% |
| BRO Brown & Brown Inc. | 0.33% | 111,774 | $13.9M | Reduce -19.2% |
| TMO Thermo Fisher Scientific Inc. | 0.33% | 27,830 | $13.8M | Reduce -19.0% |
| PENG Penguin Solutions Inc. | 0.33% | 785,120 | $13.6M | Reduce -21.0% |
| EW Edwards Lifesciences Corp. | 0.32% | 186,999 | $13.6M | Reduce -2.9% |
| NBHC National Bank Hold Class A | 0.32% | 352,767 | $13.5M | Reduce -3.9% |
| MLAB Mesa Laboratories Inc. | 0.32% | 113,271 | $13.4M | Add +51.8% |
| SM SM Energy Co. | 0.32% | 448,609 | $13.4M | Add +50.3% |
| CRS Carpenter Technology | 0.32% | 73,041 | $13.2M | Add +51.9% |
| ADUS Addus Homecare Corp. | 0.31% | 133,131 | $13.2M | Add +63.9% |
| CIVI Civitas Resources Inc. | 0.31% | 376,191 | $13.1M | Add +59.7% |
| RYAN Ryan Specialty Holdings Inc. | 0.31% | 177,527 | $13.1M | Add +328.2% |
| ROCK Gibraltar Industries Inc. | 0.31% | 222,080 | $13.0M | Add +51.8% |
| ESAB Esab Corp. | 0.31% | 111,314 | $13.0M | Add +52.0% |
| GRBK Green Brick Partners Inc. | 0.31% | 220,916 | $12.9M | Add +86.5% |
| IESC Ies Holdings Inc. filed as IES HLDGS INC | 0.30% | 76,856 | $12.7M | Add +88.9% |
| WH Wyndham Hotels & Resorts Inc. | 0.30% | 139,938 | $12.7M | Add +98.3% |
| TCBX Third Coast Bancshares Inc. | 0.30% | 379,036 | $12.6M | Add +21.6% |
Portfolio Sells Q4 2024 → Q1 2025
| BARNES GROUP INC | Sold out | 0.00% | −0.58 |
| VBTX Veritex Holdings Inc. | Reduce -89.9% | 0.04% | −0.33 |
| NVDA Nvidia Corp. | Reduce -14.5% | 0.85% | −0.29 |
| MGNI Magnite Inc. | Reduce -37.1% | 0.25% | −0.27 |
| LAD Lithia Motors Inc. | Reduce -51.7% | 0.20% | −0.26 |
| ALAB Astera Labs Inc. | Reduce -50.1% | 0.08% | −0.25 |
| HURN Huron Consulting Group Inc. | Sold out | 0.00% | −0.24 |
| COOP Mr Cooper Group Inc. | Reduce -76.6% | 0.10% | −0.22 |
| SUM Summit Materials Inc. Class A | Sold out | 0.00% | −0.22 |
| HWC Hancock Whitney Corp. | Reduce -88.2% | 0.03% | −0.21 |
| ONB Old National Bancorp | Sold out | 0.00% | −0.21 |
| FTRE Fortrea Holdings Inc. | Reduce -62.7% | 0.04% | −0.20 |
| ATMU Atmus Filtration Technologie | Reduce -49.3% | 0.19% | −0.19 |
| GMED Globus Medical Inc. Class A | Reduce -19.1% | 0.63% | −0.19 |
| CPF Central Pacific Financial Co. | Reduce -71.0% | 0.07% | −0.18 |
| WAL Western Alliance Bancorp | Reduce -46.3% | 0.20% | −0.18 |
| HCAT Health Catalyst Inc. | Reduce -40.3% | 0.12% | −0.17 |
| INFN Infinera Corp. | Sold out | 0.00% | −0.17 |
| XHR Xenia Hotels & Resorts Inc. | Reduce -44.6% | 0.15% | −0.17 |
| FG F&G Annuities & Life Inc. | Reduce -82.1% | 0.03% | −0.17 |
| PR Permian Resources Corp. Class A | Sold out | 0.00% | −0.16 |
| DRS Leonardo DRS Inc. | Reduce -51.7% | 0.18% | −0.16 |
| POOL Pool Corp. | Reduce -75.6% | 0.05% | −0.16 |
| OFG Ofg Bancorp | Reduce -67.3% | 0.08% | −0.15 |
| TTEK Tetra Tech Inc. | Reduce -40.8% | 0.13% | −0.15 |
| VRNA Verona Pharma Ltd. | Reduce -60.5% | 0.21% | −0.15 |
| BKH Black Hills Corp. | Reduce -87.0% | 0.03% | −0.15 |
| AAPL Apple Inc. | Reduce -9.6% | 0.92% | −0.15 |
| STRL Sterling Infrastructure Inc. | Reduce -81.2% | 0.02% | −0.15 |
| ATI Ati Inc. | Reduce -83.4% | 0.03% | −0.15 |
| CCB Coastal Financial Corp. | Reduce -35.0% | 0.42% | −0.14 |
| FHN First Horizon Corp. | Reduce -81.0% | 0.04% | −0.14 |
| ACA Arcosa Inc. | Reduce -68.6% | 0.05% | −0.14 |
| CYBR Cyberark Software Ltd./Israel | Reduce -42.4% | 0.24% | −0.14 |
| WABC Westamerica Bancorporation | Reduce -85.2% | 0.03% | −0.14 |
| SIMO Silicon Motion Technol-ADR | Reduce -79.1% | 0.04% | −0.14 |
| MSFT Microsoft Corp. | Reduce -10.2% | 0.85% | −0.14 |
| GTLS Chart Industries Inc. | Reduce -7.8% | 0.41% | −0.14 |
| RNST Renasant Corp. | Reduce -71.2% | 0.06% | −0.14 |
| AAT American Assets Trust Inc. | Reduce -35.2% | 0.15% | −0.13 |
| OUT Outfront Media Inc. | Reduce -83.8% | 0.03% | −0.13 |
| APLE Apple Hospitality REIT Inc. | Reduce -83.4% | 0.02% | −0.13 |
| CWST Casella Waste Systems Inc. Class A | Reduce -32.7% | 0.41% | −0.13 |
| TNDM Tandem Diabetes Care Inc. | Reduce -30.0% | 0.09% | −0.13 |
| CCS Century Communities Inc. | Reduce -80.6% | 0.03% | −0.13 |
| HLIT Harmonic Inc. | Sold out | 0.00% | −0.13 |
| AIN Albany Intl Corp. Class A | Reduce -66.7% | 0.06% | −0.12 |
| LBRT Liberty Energy Inc. | Reduce -83.0% | 0.02% | −0.12 |
| CVCO Cavco Industries Inc. | Reduce -50.7% | 0.20% | −0.12 |
| BBSI Barrett Business SVCS Inc. | Reduce -44.4% | 0.16% | −0.12 |
Portfolio Buys Q4 2024 → Q1 2025
| VMI Valmont Industries | Add +221.4% | 0.66% | +0.45 |
| CHEF The Chefs' Warehouse Inc. | Add +17.0% | 1.15% | +0.32 |
| OZK Bank Ozk | Add +53.7% | 0.81% | +0.31 |
| HALO Halozyme Therapeutics Inc. | Add +20.4% | 0.72% | +0.30 |
| UPBD Upbound Group Inc. | Add +162.3% | 0.53% | +0.30 |
| ALG Alamo Group Inc. | Add +61.4% | 0.72% | +0.29 |
| PCH Potlatchdeltic Corp. | Add +182.5% | 0.40% | +0.29 |
| WCC Wesco International Inc. | Add +116.3% | 0.51% | +0.25 |
| RYAN Ryan Specialty Holdings Inc. | Add +328.2% | 0.31% | +0.25 |
| PNFP Pinnacle Financial Partners | Add +78.9% | 0.58% | +0.25 |
| BLD Topbuild Corp. | Add +77.3% | 0.53% | +0.25 |
| POST Post Holdings Inc. | Add +110.9% | 0.42% | +0.24 |
| OSK Oshkosh Corp. | Add +99.1% | 0.45% | +0.24 |
| DINO HF Sinclair Corp. | Add +176.9% | 0.37% | +0.24 |
| NSIT Insight Enterprises Inc. | Add +65.2% | 0.54% | +0.23 |
| STLD Steel Dynamics Inc. | Add +110.3% | 0.39% | +0.23 |
| ANIP Ani Pharmaceuticals Inc. | Add +54.0% | 0.46% | +0.23 |
| BOOT Boot Barn Holdings Inc. | Add +108.1% | 0.62% | +0.23 |
| TRS Trimas Corp. | Add +80.7% | 0.49% | +0.23 |
| ADPT Adaptive Biotechnologies | New | 0.23% | +0.23 |
| OBK Origin Bancorp Inc. | Add +57.5% | 0.50% | +0.22 |
| ARIS WATER SOLUTIONS INC-A | Add +15.7% | 0.54% | +0.22 |
| RL Ralph Lauren Corp. | Add +229.6% | 0.30% | +0.21 |
| SIGI Selective Insurance Group | Add +66.8% | 0.47% | +0.20 |
| EXP Eagle Materials Inc. | Add +47.9% | 0.67% | +0.20 |
| AX Axos Financial Inc. | Add +193.8% | 0.30% | +0.20 |
| EHC Encompass Health Corp. | Add +67.7% | 0.39% | +0.19 |
| MKSI MKS Inc. | Add +153.2% | 0.36% | +0.19 |
| CSL Carlisle Cos Inc. | Add +52.6% | 0.55% | +0.19 |
| ITT Itt Inc. | Add +326.7% | 0.24% | +0.18 |
| PFBC Preferred Bank/Los Angeles | Add +96.6% | 0.35% | +0.18 |
| AVY Avery Dennison Corp. | Add +64.3% | 0.45% | +0.18 |
| AZZ Azz Inc. | Add +40.8% | 0.51% | +0.18 |
| CORT Corcept Therapeutics Inc. | Add +69.6% | 0.23% | +0.18 |
| CNXC Concentrix Corp. | New | 0.17% | +0.17 |
| PATK Patrick Industries Inc. | Add +108.2% | 0.30% | +0.17 |
| AIZ Assurant Inc. | Add +48.4% | 0.46% | +0.17 |
| AIT Applied Industrial Tech Inc. | Add +88.9% | 0.34% | +0.16 |
| ALSN Allison Transmission Holding | Add +278.6% | 0.22% | +0.16 |
| GRBK Green Brick Partners Inc. | Add +86.5% | 0.31% | +0.16 |
| FNF Fidelity National Financial | Add +230.5% | 0.21% | +0.16 |
| SRCE 1ST Source Corp. | Add +51.8% | 0.38% | +0.15 |
| OIS Oil States International Inc. | Add +141.9% | 0.24% | +0.15 |
| EPAC Enerpac Tool Group Corp. | Add +29.2% | 0.44% | +0.15 |
| NSA National Storage Affiliates | Add +80.0% | 0.30% | +0.15 |
| FARO Faro Technologies Inc. | Add +40.4% | 0.39% | +0.15 |
| RS Reliance Inc. | Add +26.4% | 0.47% | +0.15 |
| WH Wyndham Hotels & Resorts Inc. | Add +98.3% | 0.30% | +0.14 |
| CVS CVS Health Corp. | New | 0.14% | +0.14 |
| LLY Eli Lilly & Co. | Add +4.6% | 0.85% | +0.14 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 543 | $5.6B | MRCY, VMI, CHEF, RAL, QCRH |
| Q1 2026 | 535 | $4.7B | VMI, QCRH, MRCY, CHEF, GMED |
| Q4 2025 | 531 | $4.7B | VMI, QCRH, CHEF, MRCY, SF |
| Q3 2025 | 555 | $4.5B | CHEF, QCRH, MRCY, SF, VMI |
| Q2 2025 | 581 | $4.2B | CHEF, SF, NVDA, MSFT, VMI |
| Q1 2025 | 642 | $4.2B | CHEF, AAPL, SF, LLY, MSFT |
| Q4 2024 | 669 | $4.5B | NVDA, AAPL, MSFT, SF, CHEF |
| Q3 2024 | 687 | $4.5B | SF, NVDA, MSFT, AAPL, CR |
| Q2 2024 | 695 | $4.7B | SF, NVDA, MSFT, BARNES GROUP INC, CR |
| Q1 2024 | 723 | $4.9B | SF, HOMB, WTFC, MSFT, CR |