Kennedy Capital Management LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Kennedy Capital Management LLC reported 581 stock positions worth $4.2 billion. Its top holding was Chefs' Warehouse (CHEF) at 1.3% of the portfolio, followed by Stifel Financial (SF, 1.0%) and Nvidia (NVDA, 1.0%). Compared with Q1 2025, it opened 49 new positions, sold out of 110, added to 226 and reduced 294. The biggest buy was a new position in Genpact (G) and the biggest sale Hexcel (HXL, shares −69%).
- Most Recent 13F
- Q2 2026
- Location
- ST LOUIS, MO
- CIK
- 0000884589
- Portfolio Value
- $4.2B (Q2 2025)
- SEC Filing
- 0000884589-25-000009 ↗ filed Aug 13, 2025
Holdings Value
Holdings 581 stocks · $4.2B
| CHEF The Chefs' Warehouse Inc. | 1.29% | 846,769 | $54.0M | Reduce -4.1% |
| SF Stifel Financial Corp. | 1.01% | 409,577 | $42.5M | Add +2.7% |
| NVDA Nvidia Corp. | 0.98% | 261,137 | $41.3M | Reduce -20.2% |
| MSFT Microsoft Corp. | 0.93% | 78,481 | $39.0M | Reduce -17.4% |
| VMI Valmont Industries | 0.92% | 117,604 | $38.4M | Add +22.0% |
| ALG Alamo Group Inc. | 0.88% | 169,304 | $37.0M | Reduce -0.3% |
| OZK Bank Ozk | 0.85% | 761,697 | $35.8M | Reduce -2.4% |
| GTES Gates Industrial Corp. UK Ltd. | 0.81% | 1,478,467 | $34.0M | Reduce -19.4% |
| REVG Rev Group Inc. | 0.73% | 646,303 | $30.8M | Reduce -17.6% |
| HOMB Home Bancshares Inc. | 0.72% | 1,062,413 | $30.2M | Reduce -7.2% |
| AAPL Apple Inc. | 0.72% | 147,309 | $30.2M | Reduce -15.1% |
| WTFC Wintrust Financial Corp. | 0.72% | 242,179 | $30.0M | Add +6.3% |
| MRCY Mercury Systems Inc. | 0.68% | 530,933 | $28.6M | Add +51.0% |
| LLY Eli Lilly & Co. | 0.67% | 36,234 | $28.2M | Reduce -16.2% |
| CR Crane Co. | 0.67% | 147,310 | $28.0M | Reduce -9.6% |
| EXP Eagle Materials Inc. | 0.59% | 122,687 | $24.8M | Reduce -3.0% |
| PNFP Pinnacle Financial Partners | 0.59% | 223,104 | $24.6M | Reduce -1.9% |
| AZZ Azz Inc. | 0.58% | 259,272 | $24.5M | Add +2.1% |
| OSK Oshkosh Corp. | 0.57% | 210,631 | $23.9M | Add +5.2% |
| NOG Northern Oil and Gas Inc. | 0.56% | 832,547 | $23.6M | Add +22.2% |
| TDY Teledyne Technologies Inc. | 0.55% | 44,994 | $23.1M | Reduce -3.8% |
| META Meta Platforms Inc. Class A | 0.55% | 31,036 | $22.9M | Reduce -15.1% |
| QCRH QCR Holdings Inc. | 0.54% | 333,667 | $22.7M | Add +33.6% |
| BLD Topbuild Corp. | 0.54% | 69,957 | $22.6M | Reduce -3.6% |
| SNX TD Synnex Corp. | 0.54% | 166,477 | $22.6M | Reduce -4.1% |
| WCC Wesco International Inc. | 0.54% | 121,220 | $22.4M | Reduce -11.9% |
| CSL Carlisle Cos Inc. | 0.53% | 59,155 | $22.1M | Reduce -12.1% |
| TRS Trimas Corp. | 0.53% | 771,905 | $22.1M | Reduce -12.1% |
| OBK Origin Bancorp Inc. | 0.52% | 615,014 | $22.0M | Add +1.1% |
| CPRX Catalyst Pharmaceuticals Inc. | 0.52% | 1,009,461 | $21.9M | Reduce -4.9% |
| HALO Halozyme Therapeutics Inc. | 0.52% | 415,276 | $21.6M | Reduce -12.5% |
| SSB Southstate Bank Corp. | 0.52% | 234,718 | $21.6M | Reduce -8.2% |
| NSIT Insight Enterprises Inc. | 0.51% | 155,003 | $21.4M | Add +2.2% |
| DINO HF Sinclair Corp. | 0.51% | 515,775 | $21.2M | Add +10.5% |
| PATK Patrick Industries Inc. | 0.50% | 228,391 | $21.1M | Add +54.0% |
| MGNI Magnite Inc. | 0.50% | 869,147 | $21.0M | Reduce -5.9% |
| ADUS Addus Homecare Corp. | 0.49% | 178,801 | $20.6M | Add +34.3% |
| PFGC Performance Food Group Co. | 0.49% | 234,593 | $20.5M | Reduce -5.2% |
| RS Reliance Inc. | 0.49% | 65,182 | $20.5M | Reduce -4.0% |
| ITT Itt Inc. | 0.48% | 128,704 | $20.2M | Add +64.6% |
| ATRC Atricure Inc. | 0.48% | 614,387 | $20.1M | Reduce -2.8% |
| DCO Ducommun Inc. | 0.48% | 242,734 | $20.1M | Add +25.9% |
| GMED Globus Medical Inc. Class A | 0.48% | 339,449 | $20.0M | Reduce -5.1% |
| ARIS WATER SOLUTIONS INC-A | 0.46% | 821,745 | $19.4M | Add +15.9% |
| PIPR Piper Sandler Cos | 0.46% | 68,976 | $19.2M | Reduce -2.1% |
| AIZ Assurant Inc. | 0.46% | 96,858 | $19.1M | Add +5.1% |
| KRG Kite Realty Group Trust | 0.46% | 843,076 | $19.1M | Reduce -9.2% |
| AX Axos Financial Inc. | 0.45% | 248,962 | $18.9M | Add +27.6% |
| RRC Range Resources Corp. | 0.44% | 458,468 | $18.6M | Add +5.8% |
| MKSI MKS Inc. | 0.44% | 185,588 | $18.4M | Reduce -1.7% |
| SIGI Selective Insurance Group | 0.44% | 212,020 | $18.4M | Reduce -2.3% |
| IESC Ies Holdings Inc. filed as IES HLDGS INC | 0.43% | 61,372 | $18.2M | Reduce -20.1% |
| UFPI Ufp Industries Inc. | 0.43% | 182,870 | $18.2M | Add +20.4% |
| BOOT Boot Barn Holdings Inc. | 0.43% | 118,072 | $17.9M | Reduce -51.2% |
| RGA Reinsurance Group of America | 0.42% | 89,653 | $17.8M | Reduce -3.5% |
| OSBC Old Second Bancorp Inc. | 0.42% | 996,992 | $17.7M | Add +93.3% |
| AVY Avery Dennison Corp. | 0.42% | 99,336 | $17.4M | Reduce -5.4% |
| ANIP Ani Pharmaceuticals Inc. | 0.42% | 267,030 | $17.4M | Reduce -6.9% |
| SRCE 1ST Source Corp. | 0.41% | 278,829 | $17.3M | Add +3.8% |
| CCB Coastal Financial Corp. | 0.40% | 173,062 | $16.8M | Reduce -11.2% |
| CWST Casella Waste Systems Inc. Class A | 0.40% | 144,382 | $16.7M | Reduce -7.2% |
| PCH Potlatchdeltic Corp. | 0.39% | 428,303 | $16.4M | Add +14.6% |
| EPAC Enerpac Tool Group Corp. | 0.39% | 404,931 | $16.4M | Reduce -0.6% |
| GOOGL Alphabet Inc. Class A | 0.39% | 92,780 | $16.4M | Reduce -14.9% |
| ABBV Abbvie Inc. | 0.39% | 87,163 | $16.2M | Reduce -12.1% |
| STLD Steel Dynamics Inc. | 0.39% | 126,254 | $16.2M | Reduce -3.5% |
| UNH Unitedhealth Group Inc. | 0.38% | 51,568 | $16.1M | Reduce -17.6% |
| NBN Northeast Bank | 0.38% | 179,785 | $16.0M | Add +17.6% |
| UTI Universal Technical Institut | 0.38% | 469,858 | $15.9M | Add +2.8% |
| ESAB Esab Corp. | 0.38% | 131,117 | $15.8M | Add +17.8% |
| G Genpact Ltd. | 0.36% | 347,353 | $15.3M | New |
| ADPT Adaptive Biotechnologies | 0.36% | 1,297,903 | $15.1M | Add +2.3% |
| POST Post Holdings Inc. filed as POST HLDGS INC | 0.36% | 138,554 | $15.1M | Reduce -9.1% |
| PFBC Preferred Bank/Los Angeles | 0.36% | 173,807 | $15.0M | Reduce -2.0% |
| PENG Penguin Solutions Inc. | 0.36% | 752,009 | $14.9M | New |
| GOLF Acushnet Holdings Corp. | 0.35% | 203,871 | $14.8M | Add +12.0% |
| UPBD Upbound Group Inc. | 0.35% | 586,925 | $14.7M | Reduce -36.1% |
| AMZN Amazon.com Inc. | 0.35% | 66,235 | $14.5M | Reduce -15.1% |
| AIT Applied Industrial Tech Inc. | 0.34% | 62,180 | $14.5M | Reduce -2.3% |
| IDA Idacorp Inc. | 0.34% | 123,980 | $14.3M | Add +27.2% |
| JNJ Johnson & Johnson | 0.33% | 91,252 | $13.9M | Reduce -12.2% |
| FARO Faro Technologies Inc. | 0.33% | 314,059 | $13.8M | Reduce -46.8% |
| TCBI Texas Capital Bancshares Inc. | 0.33% | 173,486 | $13.8M | Reduce -10.6% |
| EW Edwards Lifesciences Corp. | 0.33% | 175,780 | $13.7M | Reduce -6.0% |
| EHC Encompass Health Corp. | 0.33% | 111,528 | $13.7M | Reduce -30.2% |
| LMAT Lemaitre Vascular Inc. | 0.32% | 164,051 | $13.6M | Reduce -1.8% |
| GRBK Green Brick Partners Inc. | 0.32% | 216,214 | $13.6M | Reduce -2.1% |
| KWR Quaker Chemical Corporation | 0.32% | 120,424 | $13.5M | Reduce -2.7% |
| FOUR SHIFT4 Payments Inc. Class A | 0.32% | 134,446 | $13.3M | Add +66.8% |
| MTSI Macom Technology Solutions H | 0.32% | 92,823 | $13.3M | Add +0.7% |
| AHCO Adapthealth Corp. | 0.32% | 1,404,584 | $13.2M | Reduce -6.0% |
| WH Wyndham Hotels & Resorts Inc. | 0.31% | 162,265 | $13.2M | Add +15.9% |
| TCBX Third Coast Bancshares Inc. | 0.31% | 403,334 | $13.2M | Add +6.4% |
| BDC Belden Inc. | 0.31% | 113,170 | $13.1M | Reduce -2.1% |
| COHR Coherent Corp. | 0.31% | 146,138 | $13.0M | Reduce -3.4% |
| BANC Banc of California Inc. | 0.31% | 920,439 | $12.9M | Reduce -38.1% |
| HWKN Hawkins Inc. | 0.31% | 90,902 | $12.9M | Reduce -2.1% |
| ROCK Gibraltar Industries Inc. | 0.31% | 218,435 | $12.9M | Reduce -1.6% |
| ASTE Astec Industries Inc. | 0.31% | 307,983 | $12.8M | Reduce -0.1% |
| BWIN Baldwin Insurance Group Inc./ filed as THE BALDWIN INSURANCE GRP IN | 0.31% | 299,553 | $12.8M | Reduce -5.0% |
Portfolio Sells Q1 2025 → Q2 2025
| HXL Hexcel Corp. | Reduce -68.6% | 0.25% | −0.52 |
| UNH Unitedhealth Group Inc. | Reduce -17.6% | 0.38% | −0.40 |
| COLB Columbia Banking System Inc. | Sold out | 0.00% | −0.34 |
| PENG Penguin Solutions Inc. | Sold out | 0.00% | −0.33 |
| CRS Carpenter Technology | Sold out | 0.00% | −0.32 |
| NSA National Storage Affiliates | Sold out | 0.00% | −0.30 |
| GTLS Chart Industries Inc. | Reduce -71.1% | 0.14% | −0.28 |
| CIVI Civitas Resources Inc. | Reduce -76.5% | 0.06% | −0.26 |
| BRBR Bellring Brands Inc. | Reduce -51.8% | 0.14% | −0.24 |
| FBIN Fortune Brands Innovations I | Sold out | 0.00% | −0.24 |
| BECN Beacon Roofing Supply Inc. | Sold out | 0.00% | −0.21 |
| HALO Halozyme Therapeutics Inc. | Reduce -12.5% | 0.52% | −0.21 |
| AAPL Apple Inc. | Reduce -15.1% | 0.72% | −0.20 |
| BANC Banc of California Inc. | Reduce -38.1% | 0.31% | −0.20 |
| REXR Rexford Industrial Realty Inc. | Reduce -61.1% | 0.11% | −0.20 |
| BOOT Boot Barn Holdings Inc. | Reduce -51.2% | 0.43% | −0.19 |
| ACCD Accolade Inc. | Sold out | 0.00% | −0.18 |
| LLY Eli Lilly & Co. | Reduce -16.2% | 0.67% | −0.18 |
| INFA Informatica Inc. Class A | Reduce -61.5% | 0.21% | −0.18 |
| UPBD Upbound Group Inc. | Reduce -36.1% | 0.35% | −0.17 |
| SKY Champion Homes Inc. | Reduce -6.9% | 0.27% | −0.17 |
| IEX Idex Corp. | Reduce -75.6% | 0.05% | −0.16 |
| CHX Championx Corp. | Reduce -71.1% | 0.05% | −0.16 |
| GMED Globus Medical Inc. Class A | Reduce -5.1% | 0.48% | −0.15 |
| TTC Toro Co. | Sold out | 0.00% | −0.15 |
| PGC Peapack Gladstone Finl Corp. | Sold out | 0.00% | −0.14 |
| BMY Bristol-Myers Squibb Co. | Sold out | 0.00% | −0.14 |
| PVBC Provident Bancorp Inc. | Reduce -84.5% | 0.03% | −0.13 |
| SM SM Energy Co. | Reduce -25.0% | 0.20% | −0.12 |
| RYAN Ryan Specialty Holdings Inc. | Reduce -32.6% | 0.19% | −0.12 |
| MLAB Mesa Laboratories Inc. | Reduce -20.1% | 0.20% | −0.12 |
| SLP Simulations Plus Inc. | Reduce -18.1% | 0.16% | −0.12 |
| AMTB Amerant Bancorp Inc. | Reduce -23.4% | 0.24% | −0.11 |
| ABBV Abbvie Inc. | Reduce -12.1% | 0.39% | −0.11 |
| KNF Knife River Corp. | Reduce -19.5% | 0.29% | −0.11 |
| HP Helmerich & Payne | Sold out | 0.00% | −0.11 |
| CRL Charles River Laboratories | Reduce -36.0% | 0.19% | −0.11 |
| ALDX Aldeyra Therapeutics Inc. | Reduce -44.3% | 0.06% | −0.11 |
| AAL American Airlines Group Inc. | Sold out | 0.00% | −0.11 |
| COOP Mr Cooper Group Inc. | Sold out | 0.00% | −0.10 |
| TMO Thermo Fisher Scientific Inc. | Reduce -14.1% | 0.23% | −0.10 |
| SWIM Latham Group Inc. | Sold out | 0.00% | −0.09 |
| NEOG Neogen Corp. | Reduce -52.0% | 0.03% | −0.09 |
| CPRX Catalyst Pharmaceuticals Inc. | Reduce -4.9% | 0.52% | −0.09 |
| CVS CVS Health Corp. | Reduce -61.8% | 0.06% | −0.09 |
| RL Ralph Lauren Corp. | Reduce -43.2% | 0.21% | −0.09 |
| CNXC Concentrix Corp. | Reduce -48.4% | 0.08% | −0.09 |
| HBNC Horizon Bancorp Inc. | Sold out | 0.00% | −0.09 |
| CHE Chemed Corp. | Reduce -3.8% | 0.27% | −0.08 |
| NCNO Ncino Inc. | Reduce -46.1% | 0.10% | −0.08 |
Portfolio Buys Q1 2025 → Q2 2025
| G Genpact Ltd. | New | 0.36% | +0.36 |
| PENG Penguin Solutions Inc. | New | 0.36% | +0.36 |
| MRCY Mercury Systems Inc. | Add +51.0% | 0.68% | +0.32 |
| SN Sharkninja Inc. | New | 0.28% | +0.28 |
| VMI Valmont Industries | Add +22.0% | 0.92% | +0.26 |
| ITT Itt Inc. | Add +64.6% | 0.48% | +0.24 |
| SPXC SPX Technologies Inc. | Add +271.0% | 0.28% | +0.22 |
| OSBC Old Second Bancorp Inc. | Add +93.3% | 0.42% | +0.22 |
| MOD Modine Manufacturing Co. | Add +248.6% | 0.28% | +0.22 |
| DCO Ducommun Inc. | Add +25.9% | 0.48% | +0.21 |
| AHR American Healthcare REIT Inc. | Add +813.3% | 0.23% | +0.20 |
| PATK Patrick Industries Inc. | Add +54.0% | 0.50% | +0.20 |
| COLD Americold Realty Trust Inc. | New | 0.19% | +0.19 |
| SANM Sanmina Corp. | New | 0.19% | +0.19 |
| ADUS Addus Homecare Corp. | Add +34.3% | 0.49% | +0.18 |
| FOUR SHIFT4 Payments Inc. Class A | Add +66.8% | 0.32% | +0.16 |
| VCTR Victory Capital Holding - A | New | 0.16% | +0.16 |
| SFD Smithfield Foods Inc. | New | 0.15% | +0.15 |
| CCC CCC Intelligent Solutions Ho | New | 0.15% | +0.15 |
| APG Api Group Corp. | New | 0.15% | +0.15 |
| AX Axos Financial Inc. | Add +27.6% | 0.45% | +0.15 |
| NPO Enpro Inc. | Add +83.9% | 0.28% | +0.15 |
| DINO HF Sinclair Corp. | Add +10.5% | 0.51% | +0.14 |
| GHM Graham Corp. | Add +56.8% | 0.22% | +0.14 |
| AEHR Aehr Test Systems | New | 0.14% | +0.14 |
| MRC MRC Global Inc. | Add +91.1% | 0.24% | +0.14 |
| ADPT Adaptive Biotechnologies | Add +2.3% | 0.36% | +0.14 |
| TXRH Texas Roadhouse Inc. | New | 0.13% | +0.13 |
| AAON Aaon Inc. | Add +154.5% | 0.22% | +0.13 |
| DEA Easterly Government Properti | New | 0.12% | +0.12 |
| OSK Oshkosh Corp. | Add +5.2% | 0.57% | +0.12 |
| AMSC American Superconductor Corp. | Add +661.4% | 0.13% | +0.12 |
| V Visa Inc. Class A | New | 0.12% | +0.12 |
| GTM Zoominfo Technologies Inc. | New | 0.12% | +0.12 |
| SF Stifel Financial Corp. | Add +2.7% | 1.01% | +0.12 |
| QCRH QCR Holdings Inc. | Add +33.6% | 0.54% | +0.11 |
| PINS Pinterest Inc. Class A | New | 0.11% | +0.11 |
| WERN Werner Enterprises Inc. | Add +1286.4% | 0.12% | +0.11 |
| FR First Industrial Realty TR | Add +551.9% | 0.13% | +0.11 |
| EQBK Equity Bancshares Inc. Class A | Add +96.2% | 0.21% | +0.11 |
| WTFC Wintrust Financial Corp. | Add +6.3% | 0.72% | +0.10 |
| OVV Ovintiv Inc. | New | 0.10% | +0.10 |
| UTI Universal Technical Institut | Add +2.8% | 0.38% | +0.10 |
| CYRX Cryoport Inc. | New | 0.10% | +0.10 |
| MTSI Macom Technology Solutions H | Add +0.7% | 0.32% | +0.10 |
| FIX Comfort Systems USA Inc. | Add +1.7% | 0.23% | +0.10 |
| OKE Oneok Inc. | New | 0.09% | +0.09 |
| AORT Artivion Inc. | Add +20.8% | 0.27% | +0.09 |
| AVNW Aviat Networks Inc. | Add +29.4% | 0.24% | +0.09 |
| RRX Regal Rexnord Corp. | Add +17.9% | 0.28% | +0.09 |
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 |