Kennondale Capital Management LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Kennondale Capital Management LLC reported 82 stock positions worth $98.0 million. Its top holding was Interactive Brokers Gro Class A (IBKR) at 4.4% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 3.5%) and Marathon Petroleum (MPC, 3.3%). Compared with Q1 2025, it opened 2 new positions, sold out of 1, added to 1 and reduced 3. The biggest buy was a new position in Alpha Metallurgical Resource (AMR) and the biggest sale Aldeyra Therapeutics (ALDX, shares −63%).

Most Recent 13F
Q2 2026
Location
RICHMOND, VA
CIK
0002055199
Portfolio Value
$98.0M (Q2 2025)
SEC Filing
0001754960-25-000582 ↗ filed Aug 13, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q4 2024: $92.6M Q4 2024 Q1 2025: $91.7M Q1 2025 Q2 2025: $98.0M $98.0M Q2 2025 Q3 2025: $130.6M Q3 2025 Q4 2025: $135.9M Q4 2025 Q1 2026: $138.7M Q1 2026 Q2 2026: $150.1M Q2 2026

Holdings 82 stocks · $98.0M
IBKR Interactive Brokers Gro Class A 4.39% 77,675 $4.3M No change
BRK.B Berkshire Hathaway Inc. Class B 3.48% 7,015 $3.4M No change
MPC Marathon Petroleum Corp. 3.34% 19,718 $3.3M No change
COF Capital One Financial Corp. 3.04% 13,988 $3.0M No change
MKL Markel Group Inc. 2.99% 1,465 $2.9M No change
COOP Mr Cooper Group Inc. 2.85% 18,729 $2.8M No change
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 2.66% 27,039 $2.6M No change
PRDO Perdoceo Education Corp. 2.63% 78,754 $2.6M Reduce -12.1%
HII Huntington Ingalls Industrie 2.61% 10,572 $2.6M No change
C Citigroup Inc. 2.49% 28,644 $2.4M No change
MMM 3M Co. 2.39% 15,384 $2.3M No change
BBW Build-A-Bear Workshop Inc. 2.31% 43,892 $2.3M No change
GRBK Green Brick Partners Inc. 2.21% 34,373 $2.2M No change
ROKU Roku Inc. 2.20% 24,557 $2.2M No change
OXY Occidental Petroleum Corp. 1.85% 43,090 $1.8M No change
XOM Exxon Mobil Corp. 1.82% 16,534 $1.8M No change
HCC Warrior Met Coal Inc. 1.80% 38,586 $1.8M No change
ALB Albemarle Corp. 1.78% 27,765 $1.7M No change
ABM Abm Industries Inc. 1.71% 35,436 $1.7M No change
HRB H&R Block Inc. filed as BLOCK H & R INC 1.64% 29,286 $1.6M No change
DUK Duke Energy Corp. 1.55% 12,865 $1.5M No change
SBGI Sinclair Inc. 1.52% 107,872 $1.5M No change
PCAR Paccar Inc. 1.51% 15,601 $1.5M No change
CAG Conagra Brands Inc. 1.47% 70,222 $1.4M No change
Z Zillow Group Inc. Class C 1.45% 20,333 $1.4M No change
CVS CVS Health Corp. 1.39% 19,787 $1.4M No change
W Wayfair Inc. Class A 1.34% 25,737 $1.3M No change
FMC FMC Corp. 1.33% 31,216 $1.3M No change
CMI Cummins Inc. 1.31% 3,911 $1.3M No change
ETN Eaton Corp. PLC 1.22% 3,336 $1.2M No change
CACI Caci International Inc. Class A 1.13% 2,326 $1.1M No change
JNJ Johnson & Johnson 1.11% 7,120 $1.1M No change
HPQ HP Inc. 1.09% 43,547 $1.1M No change
QRVO Qorvo Inc. 1.04% 11,979 $1.0M No change
TMO Thermo Fisher Scientific Inc. 1.03% 2,477 $1.0M No change
KHC The Kraft Heinz Co. 1.01% 38,293 $989K No change
AMG Affiliated Managers Group 0.98% 4,892 $963K No change
CCSI Consensus Cloud Solution 0.97% 41,133 $949K No change
HSII Heidrick & Struggles Intl 0.95% 20,338 $931K No change
REPX Riley Exploration Permian Inc. 0.93% 34,572 $907K No change
WMT Walmart Inc. 0.92% 9,188 $898K No change
CVI CVR Energy Inc. 0.90% 32,887 $883K No change
ETSY Etsy Inc. 0.90% 17,512 $878K No change
DK Delek US Holdings Inc. 0.88% 40,875 $866K No change
LEU Centrus Energy Corp. Class A 0.84% 4,514 $827K No change
WCC Wesco International Inc. 0.82% 4,356 $807K No change
VLO Valero Energy Corp. 0.80% 5,825 $783K No change
AUB Atlantic Union Bankshares Co. 0.79% 24,849 $777K No change
GD General Dynamics Corp. 0.79% 2,659 $776K No change
CROX Crocs Inc. 0.79% 7,607 $770K No change
AKRO Akero Therapeutics Inc. 0.77% 14,108 $753K No change
AMR Alpha Metallurgical Resource 0.77% 6,676 $751K New
VRTS Virtus Investment Partners 0.76% 4,107 $745K No change
IDCC Interdigital Inc. 0.76% 3,321 $745K No change
BDC Belden Inc. 0.75% 6,345 $735K No change
HUM Humana Inc. 0.74% 2,972 $727K No change
FCN Fti Consulting Inc. 0.72% 4,383 $708K No change
ACA Arcosa Inc. 0.72% 8,103 $703K No change
PREMIER INC-CLASS A 0.71% 31,822 $698K No change
STOK Stoke Therapeutics Inc. 0.71% 61,183 $694K Add +45.3%
SENEA Seneca Foods Corp. Class A 0.70% 6,721 $682K No change
AMLX Amylyx Pharmaceuticals Inc. 0.62% 95,165 $610K Reduce -53.1%
PLXS Plexus Corp. 0.61% 4,404 $596K No change
FR First Industrial Realty TR 0.59% 11,963 $576K No change
LPX Louisiana-Pacific Corp. 0.55% 6,306 $542K No change
FULT Fulton Financial Corp. 0.53% 28,942 $522K No change
FRME First Merchants Corp. 0.53% 13,495 $517K No change
PRK Park National Corp. 0.49% 2,878 $481K No change
BUD Anheuser-Busch Inbev-SPN ADR 0.47% 6,643 $457K No change
FANG Diamondback Energy Inc. 0.46% 3,260 $448K No change
CNC Centene Corp. 0.45% 8,163 $443K No change
WY Weyerhaeuser Co. 0.45% 17,177 $441K No change
AWR American States Water Co. filed as AMER STATES WTR CO 0.43% 5,540 $425K No change
ZIM Zim Integrated Shipping Serv 0.41% 24,916 $401K No change
IOVA Iovance Biotherapeutics Inc. 0.39% 223,054 $384K New
BIIB Biogen Inc. 0.35% 2,760 $347K No change
KOP Koppers Holdings Inc. 0.31% 9,512 $306K No change
CHTR Charter Communications Inc. Class A 0.31% 741 $303K No change
SOLV Solventum Corp. 0.30% 3,845 $292K No change
HUN Huntsman Corp. 0.30% 27,810 $290K No change
ALDX Aldeyra Therapeutics Inc. 0.22% 56,729 $217K Reduce -62.5%
TRC Tejon Ranch Co. 0.19% 10,961 $186K No change

Portfolio Sells Q1 2025 → Q2 2025
ALDX Aldeyra Therapeutics Inc. Reduce -62.5% 0.22% −0.73
PCH Potlatchdeltic Corp. Sold out 0.00% −0.22
AMLX Amylyx Pharmaceuticals Inc. Reduce -53.1% 0.62% −0.16
PRDO Perdoceo Education Corp. Reduce -12.1% 2.63% +0.17

Portfolio Buys Q1 2025 → Q2 2025
AMR Alpha Metallurgical Resource New 0.77% +0.77
STOK Stoke Therapeutics Inc. Add +45.3% 0.71% +0.40
IOVA Iovance Biotherapeutics Inc. New 0.39% +0.39

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 80$150.1MMPC, IBKR, DK, BRK.B, RKT
Q1 2026 78$138.7MMPC, DK, PRDO, HCC, BRK.B
Q4 2025 83$135.9MRKT, HCC, BBW, ALB, HII
Q3 2025 82$130.6MCOOP, PRDO, MPC, IBKR, GRBK
Q2 2025 82$98.0MIBKR, BRK.B, MPC, COF, MKL
Q1 2025 81$91.7MBRK.B, IBKR, MPC, MKL, COF
Q4 2024Amended 80$92.6MIBKR, BRK.B, MPC, PRDO, MKL