Kennedy Capital Management LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Kennedy Capital Management LLC reported 555 stock positions worth $4.5 billion. Its top holding was Chefs' Warehouse (CHEF) at 1.2% of the portfolio, followed by QCR (QCRH, 1.2%) and Mercury Systems (MRCY, 1.1%). Compared with Q2 2025, it opened 47 new positions, sold out of 73, added to 209 and reduced 278. The biggest buy was a new position in Helios Technologies (HLIO) and the biggest sale Nvidia (NVDA, shares −77%).
- Most Recent 13F
- Q2 2026
- Location
- ST LOUIS, MO
- CIK
- 0000884589
- Portfolio Value
- $4.5B (Q3 2025)
- SEC Filing
- 0000884589-25-000012 ↗ filed Nov 13, 2025
Holdings Value
Holdings 555 stocks · $4.5B
| CHEF The Chefs' Warehouse Inc. | 1.18% | 912,353 | $53.2M | Add +7.8% |
| QCRH QCR Holdings Inc. | 1.16% | 694,551 | $52.5M | Add +108.2% |
| MRCY Mercury Systems Inc. | 1.12% | 657,013 | $50.9M | Add +23.8% |
| SF Stifel Financial Corp. | 0.99% | 395,332 | $44.9M | Reduce -3.5% |
| VMI Valmont Industries | 0.95% | 110,696 | $42.9M | Reduce -5.9% |
| HLIO Helios Technologies Inc. | 0.87% | 757,786 | $39.5M | New |
| OZK Bank Ozk | 0.79% | 697,939 | $35.6M | Reduce -8.4% |
| GTES Gates Industrial Corp. UK Ltd. | 0.79% | 1,432,133 | $35.5M | Reduce -3.1% |
| ENS Enersys | 0.78% | 311,320 | $35.2M | Add +343.0% |
| TRS Trimas Corp. | 0.67% | 778,979 | $30.1M | Add +0.9% |
| ALG Alamo Group Inc. | 0.66% | 157,580 | $30.1M | Reduce -6.9% |
| ATRC Atricure Inc. | 0.65% | 836,916 | $29.5M | Add +36.2% |
| WTFC Wintrust Financial Corp. | 0.64% | 220,008 | $29.1M | Reduce -9.2% |
| REVG Rev Group Inc. | 0.64% | 512,064 | $29.0M | Reduce -20.8% |
| CR Crane Co. | 0.64% | 156,937 | $28.9M | Add +6.5% |
| PIPR Piper Sandler Cos | 0.63% | 82,553 | $28.6M | Add +19.7% |
| HALO Halozyme Therapeutics Inc. | 0.62% | 383,557 | $28.1M | Reduce -7.6% |
| GMED Globus Medical Inc. Class A | 0.62% | 490,949 | $28.1M | Add +44.6% |
| DCO Ducommun Inc. | 0.61% | 287,298 | $27.6M | Add +18.4% |
| HOMB Home Bancshares Inc. | 0.59% | 950,701 | $26.9M | Reduce -10.5% |
| MGNI Magnite Inc. | 0.58% | 1,213,613 | $26.4M | Add +39.6% |
| PENG Penguin Solutions Inc. | 0.58% | 992,168 | $26.1M | Add +31.9% |
| FUL H.B. Fuller Co. filed as FULLER H B CO | 0.58% | 439,444 | $26.1M | Add +131.2% |
| SNX TD Synnex Corp. | 0.56% | 155,548 | $25.5M | Reduce -6.6% |
| EXP Eagle Materials Inc. | 0.56% | 108,908 | $25.4M | Reduce -11.2% |
| AVDL Avadel Pharmaceuticals Ltd. | 0.55% | 1,626,818 | $24.8M | Add +65.8% |
| BLD Topbuild Corp. | 0.54% | 62,344 | $24.4M | Reduce -10.9% |
| AAON Aaon Inc. | 0.52% | 250,584 | $23.4M | Add +100.3% |
| AX Axos Financial Inc. | 0.51% | 275,081 | $23.3M | Add +10.5% |
| ADUS Addus Homecare Corp. | 0.51% | 196,625 | $23.2M | Add +10.0% |
| AZZ Azz Inc. | 0.51% | 211,216 | $23.1M | Reduce -18.5% |
| BOOT Boot Barn Holdings Inc. | 0.51% | 138,763 | $23.0M | Add +17.5% |
| UFPI Ufp Industries Inc. | 0.51% | 244,860 | $22.9M | Add +33.9% |
| TDY Teledyne Technologies Inc. | 0.51% | 39,042 | $22.9M | Reduce -13.2% |
| LLY Eli Lilly & Co. | 0.50% | 29,448 | $22.5M | Reduce -18.7% |
| DINO HF Sinclair Corp. | 0.48% | 418,509 | $21.9M | Reduce -18.9% |
| POST Post Holdings Inc. filed as POST HLDGS INC | 0.48% | 202,381 | $21.8M | Add +46.1% |
| PATK Patrick Industries Inc. | 0.48% | 209,267 | $21.6M | Reduce -8.4% |
| OBK Origin Bancorp Inc. | 0.47% | 622,264 | $21.5M | Add +1.2% |
| MKSI MKS Inc. | 0.47% | 171,557 | $21.2M | Reduce -7.6% |
| TBBK The Bancorp Inc. | 0.47% | 281,256 | $21.1M | Add +57.4% |
| GBCI Glacier Bancorp Inc. | 0.46% | 431,647 | $21.0M | Add +83.6% |
| G Genpact Ltd. | 0.46% | 501,024 | $21.0M | Add +44.2% |
| CPRX Catalyst Pharmaceuticals Inc. | 0.46% | 1,060,207 | $20.9M | Add +5.0% |
| REZI Resideo Technologies Inc. | 0.46% | 483,396 | $20.9M | New |
| NBN Northeast Bank | 0.45% | 204,112 | $20.4M | Add +13.5% |
| ITT Itt Inc. | 0.45% | 112,965 | $20.2M | Reduce -12.2% |
| PFGC Performance Food Group Co. | 0.44% | 193,178 | $20.1M | Reduce -17.6% |
| NSIT Insight Enterprises Inc. | 0.44% | 177,075 | $20.1M | Add +14.2% |
| AIZ Assurant Inc. | 0.43% | 90,279 | $19.6M | Reduce -6.8% |
| CWST Casella Waste Systems Inc. Class A | 0.43% | 205,569 | $19.5M | Add +42.4% |
| ADPT Adaptive Biotechnologies | 0.42% | 1,273,646 | $19.1M | Reduce -1.9% |
| CNOB Connectone Bancorp Inc. | 0.42% | 764,755 | $19.0M | New |
| OSBC Old Second Bancorp Inc. | 0.42% | 1,093,318 | $18.9M | Add +9.7% |
| LMAT Lemaitre Vascular Inc. | 0.42% | 215,867 | $18.9M | Add +31.6% |
| SSB Southstate Bank Corp. | 0.42% | 190,399 | $18.8M | Reduce -18.9% |
| NOG Northern Oil and Gas Inc. | 0.41% | 755,461 | $18.7M | Reduce -9.3% |
| AHCO Adapthealth Corp. | 0.41% | 2,090,138 | $18.7M | Add +48.8% |
| AORT Artivion Inc. | 0.41% | 437,792 | $18.5M | Add +19.0% |
| MTRN Materion Corp. | 0.41% | 153,356 | $18.5M | Add +54.9% |
| OSK Oshkosh Corp. | 0.40% | 138,348 | $17.9M | Reduce -34.3% |
| ACLS Axcelis Technologies Inc. | 0.40% | 183,100 | $17.9M | Add +37.5% |
| KNF Knife River Corp. | 0.39% | 232,042 | $17.8M | Add +55.1% |
| SXI Standex International Corp. | 0.39% | 83,843 | $17.8M | New |
| ANIP Ani Pharmaceuticals Inc. | 0.39% | 190,387 | $17.4M | Reduce -28.7% |
| SIGI Selective Insurance Group | 0.39% | 215,065 | $17.4M | Add +1.4% |
| CVCO Cavco Industries Inc. | 0.38% | 29,984 | $17.4M | Add +94.7% |
| TCBX Third Coast Bancshares Inc. | 0.38% | 458,047 | $17.4M | Add +13.6% |
| KRG Kite Realty Group Trust | 0.38% | 775,914 | $17.3M | Reduce -8.0% |
| MTSI Macom Technology Solutions H | 0.38% | 136,982 | $17.1M | Add +47.6% |
| TXNM TXNM Energy Inc. | 0.37% | 299,662 | $16.9M | Add +145.3% |
| WCC Wesco International Inc. | 0.37% | 80,062 | $16.9M | Reduce -34.0% |
| BWIN Baldwin Insurance Group Inc./ filed as THE BALDWIN INSURANCE GRP IN | 0.37% | 598,238 | $16.9M | Add +99.7% |
| FROG Jfrog Ltd. | 0.37% | 349,249 | $16.5M | Add +50.5% |
| SRCE 1ST Source Corp. | 0.36% | 265,946 | $16.4M | Reduce -4.6% |
| RRC Range Resources Corp. | 0.35% | 422,410 | $15.9M | Reduce -7.9% |
| ATMU Atmus Filtration Technologie | 0.35% | 351,610 | $15.9M | Add +90.6% |
| JXN Jackson Financial Inc. Class A | 0.35% | 156,142 | $15.8M | New |
| RS Reliance Inc. | 0.35% | 56,279 | $15.8M | Reduce -13.7% |
| IDA Idacorp Inc. | 0.35% | 118,299 | $15.6M | Reduce -4.6% |
| AVNT Avient Corp. | 0.34% | 473,241 | $15.6M | Add +119.7% |
| FR First Industrial Realty TR | 0.34% | 301,067 | $15.5M | Add +167.9% |
| EPRT Essential Properties Realty | 0.34% | 517,445 | $15.4M | Add +62.5% |
| CCB Coastal Financial Corp. | 0.34% | 141,911 | $15.4M | Reduce -18.0% |
| GOLF Acushnet Holdings Corp. | 0.34% | 195,379 | $15.3M | Reduce -4.2% |
| RRX Regal Rexnord Corp. | 0.34% | 106,641 | $15.3M | Add +32.2% |
| GRBK Green Brick Partners Inc. | 0.34% | 206,831 | $15.3M | Reduce -4.3% |
| ICUI Icu Medical Inc. | 0.34% | 127,297 | $15.3M | Add +991.8% |
| AVY Avery Dennison Corp. | 0.34% | 94,118 | $15.3M | Reduce -5.3% |
| PFBC Preferred Bank/Los Angeles | 0.33% | 166,262 | $15.0M | Reduce -4.3% |
| FOUR SHIFT4 Payments Inc. Class A | 0.33% | 193,366 | $15.0M | Add +43.8% |
| GTM Zoominfo Technologies Inc. | 0.33% | 1,359,879 | $14.8M | Add +180.2% |
| AIT Applied Industrial Tech Inc. | 0.33% | 56,357 | $14.7M | Reduce -9.4% |
| STLD Steel Dynamics Inc. | 0.32% | 105,430 | $14.7M | Reduce -16.5% |
| PCH Potlatchdeltic Corp. | 0.32% | 358,226 | $14.6M | Reduce -16.4% |
| ABBV Abbvie Inc. | 0.32% | 62,967 | $14.6M | Reduce -27.8% |
| KWR Quaker Chemical Corporation | 0.32% | 110,110 | $14.5M | Reduce -8.6% |
| RGA Reinsurance Group of America | 0.32% | 75,269 | $14.5M | Reduce -16.0% |
| AHR American Healthcare REIT Inc. | 0.32% | 341,778 | $14.4M | Add +32.8% |
| SM SM Energy Co. | 0.32% | 574,107 | $14.3M | Add +70.6% |
Portfolio Sells Q2 2025 → Q3 2025
| NVDA Nvidia Corp. | Reduce -77.2% | 0.25% | −0.74 |
| MSFT Microsoft Corp. | Reduce -75.0% | 0.22% | −0.71 |
| PNFP Pinnacle Financial Partners | Sold out | 0.00% | −0.59 |
| AAPL Apple Inc. | Reduce -80.8% | 0.16% | −0.56 |
| GOOGL Alphabet Inc. Class A | Reduce -98.8% | 0.01% | −0.38 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −0.35 |
| META Meta Platforms Inc. Class A | Reduce -60.0% | 0.20% | −0.34 |
| ARIS WATER SOLUTIONS INC-A | Reduce -70.4% | 0.13% | −0.33 |
| FARO Faro Technologies Inc. | Sold out | 0.00% | −0.33 |
| BANC Banc of California Inc. | Sold out | 0.00% | −0.31 |
| CSL Carlisle Cos Inc. | Reduce -40.9% | 0.25% | −0.27 |
| ACH Accendra Health Inc. | Sold out | 0.00% | −0.25 |
| HXL Hexcel Corp. | Sold out | 0.00% | −0.25 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −0.24 |
| ALG Alamo Group Inc. | Reduce -6.9% | 0.66% | −0.22 |
| INFA Informatica Inc. Class A | Sold out | 0.00% | −0.21 |
| WAFD Wafd Inc. | Reduce -84.8% | 0.03% | −0.20 |
| VSEC Vse Corp. | Reduce -91.1% | 0.02% | −0.19 |
| GS Goldman Sachs Group Inc. | Reduce -97.3% | 0.01% | −0.19 |
| TGI Triumph Group Inc. | Sold out | 0.00% | −0.19 |
| SANM Sanmina Corp. | Sold out | 0.00% | −0.19 |
| JPM JPMorgan Chase & Co. | Reduce -96.6% | 0.01% | −0.18 |
| LLY Eli Lilly & Co. | Reduce -18.7% | 0.50% | −0.18 |
| OSK Oshkosh Corp. | Reduce -34.3% | 0.40% | −0.17 |
| BBWI Bath & Body Works Inc. | Reduce -69.5% | 0.06% | −0.17 |
| COST Costco Wholesale Corp. | Sold out | 0.00% | −0.17 |
| WCC Wesco International Inc. | Reduce -34.0% | 0.37% | −0.16 |
| UTI Universal Technical Institut | Reduce -35.1% | 0.22% | −0.16 |
| TDG Transdigm Group Inc. | Sold out | 0.00% | −0.16 |
| UNH Unitedhealth Group Inc. | Reduce -41.6% | 0.23% | −0.15 |
| ARES Ares Management Corp. Class A | Reduce -54.1% | 0.10% | −0.15 |
| NOG Northern Oil and Gas Inc. | Reduce -9.3% | 0.41% | −0.15 |
| MA Mastercard Inc. Class A | Sold out | 0.00% | −0.14 |
| AMTB Amerant Bancorp Inc. | Reduce -59.3% | 0.10% | −0.14 |
| BX Blackstone Inc. | Sold out | 0.00% | −0.14 |
| RS Reliance Inc. | Reduce -13.7% | 0.35% | −0.14 |
| GTLS Chart Industries Inc. | Sold out | 0.00% | −0.14 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.13 |
| IESC Ies Holdings Inc. | Reduce -44.3% | 0.30% | −0.13 |
| BSX Boston Scientific Corp. | Reduce -53.8% | 0.08% | −0.13 |
| EHC Encompass Health Corp. | Reduce -36.8% | 0.20% | −0.13 |
| DHR Danaher Corp. | Reduce -63.0% | 0.07% | −0.13 |
| HOMB Home Bancshares Inc. | Reduce -10.5% | 0.59% | −0.13 |
| EPAC Enerpac Tool Group Corp. | Reduce -26.8% | 0.27% | −0.12 |
| XOM Exxon Mobil Corp. | Sold out | 0.00% | −0.12 |
| BC Brunswick Corp. | Sold out | 0.00% | −0.12 |
| XPO Xpo Inc. | Sold out | 0.00% | −0.12 |
| LXP LXP Industrial Trust | Sold out | 0.00% | −0.12 |
| PINS Pinterest Inc. Class A | Sold out | 0.00% | −0.11 |
| CVX Chevron Corp. | Sold out | 0.00% | −0.11 |
Portfolio Buys Q2 2025 → Q3 2025
| HLIO Helios Technologies Inc. | New | 0.87% | +0.87 |
| ENS Enersys | Add +343.0% | 0.78% | +0.63 |
| QCRH QCR Holdings Inc. | Add +108.2% | 1.16% | +0.62 |
| REZI Resideo Technologies Inc. | New | 0.46% | +0.46 |
| MRCY Mercury Systems Inc. | Add +23.8% | 1.12% | +0.44 |
| CNOB Connectone Bancorp Inc. | New | 0.42% | +0.42 |
| SXI Standex International Corp. | New | 0.39% | +0.39 |
| JXN Jackson Financial Inc. Class A | New | 0.35% | +0.35 |
| AVDL Avadel Pharmaceuticals Ltd. | Add +65.8% | 0.55% | +0.34 |
| FUL H.B. Fuller Co. | Add +131.2% | 0.58% | +0.30 |
| ICUI Icu Medical Inc. | Add +991.8% | 0.34% | +0.30 |
| AAON Aaon Inc. | Add +100.3% | 0.52% | +0.30 |
| LXP LXP Industrial Trust | New | 0.29% | +0.29 |
| AUB Atlantic Union Bankshares Co. | New | 0.24% | +0.24 |
| CVCO Cavco Industries Inc. | Add +94.7% | 0.38% | +0.23 |
| GBCI Glacier Bancorp Inc. | Add +83.6% | 0.46% | +0.22 |
| TBBK The Bancorp Inc. | Add +57.4% | 0.47% | +0.22 |
| MTRN Materion Corp. | Add +54.9% | 0.41% | +0.22 |
| PENG Penguin Solutions Inc. | Add +31.9% | 0.58% | +0.22 |
| FR First Industrial Realty TR | Add +167.9% | 0.34% | +0.21 |
| GTM Zoominfo Technologies Inc. | Add +180.2% | 0.33% | +0.21 |
| TXNM TXNM Energy Inc. | Add +145.3% | 0.37% | +0.21 |
| KTB Kontoor Brands Inc. | New | 0.21% | +0.21 |
| NCNO Ncino Inc. | Add +233.9% | 0.31% | +0.20 |
| VISN Vistance Networks Inc. | New | 0.20% | +0.20 |
| CADE Cadence Bank | New | 0.20% | +0.20 |
| ATMU Atmus Filtration Technologie | Add +90.6% | 0.35% | +0.19 |
| FTDR Frontdoor Inc. | Add +188.7% | 0.28% | +0.19 |
| ICFI Icf International Inc. | New | 0.18% | +0.18 |
| ORRF Orrstown Finl Services Inc. | Add +569.5% | 0.21% | +0.18 |
| AVNT Avient Corp. | Add +119.7% | 0.34% | +0.18 |
| PSNL Personalis Inc. | Add +196.2% | 0.28% | +0.18 |
| PIPR Piper Sandler Cos | Add +19.7% | 0.63% | +0.18 |
| ACLS Axcelis Technologies Inc. | Add +37.5% | 0.40% | +0.17 |
| ATRC Atricure Inc. | Add +36.2% | 0.65% | +0.17 |
| BHE Benchmark Electronics Inc. | Add +141.8% | 0.31% | +0.17 |
| CWK Cushman & Wakefield UK Holdc | New | 0.17% | +0.17 |
| HLMN Hillman Solutions Corp. | New | 0.16% | +0.16 |
| NEOG Neogen Corp. | Add +427.7% | 0.20% | +0.16 |
| FBK FB Financial Corp. | New | 0.16% | +0.16 |
| AEO American Eagle Outfitters | New | 0.16% | +0.16 |
| OPRX Optimizerx Corp. | Add +42.9% | 0.31% | +0.15 |
| CNC Centene Corp. | New | 0.15% | +0.15 |
| GMED Globus Medical Inc. Class A | Add +44.6% | 0.62% | +0.14 |
| NATL NCR Atleos Corp. | New | 0.14% | +0.14 |
| TRS Trimas Corp. | Add +0.9% | 0.67% | +0.14 |
| AORT Artivion Inc. | Add +19.0% | 0.41% | +0.14 |
| DCO Ducommun Inc. | Add +18.4% | 0.61% | +0.13 |
| PTGX Protagonist Therapeutics Inc. | Add +54.5% | 0.31% | +0.13 |
| XERS Xeris Biopharma Holdings Inc. | Add +48.5% | 0.22% | +0.13 |
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 |