KENNEDY CAPITAL MANAGEMENT LLC
Q2 2025 Form 13-F

ST LOUIS, MISSOURI
CIK 0000884589 · CRD 105834 · SEC-registered investment adviser
$4.2B Reported Value Total

KENNEDY CAPITAL MANAGEMENT reports 206 total accounts under management (AUM). There are 200 discretionary accounts valued at $4,740,484,599, and 6 non-discretionary accounts valued at $144,785,552.

Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
SEC Registered Discretionary & Non-Discretionary
Firm Brochure (Part 2A)
Private funds (Form ADV)
2 funds · $2.5M gross asset value
Other: $2.5M
Source: Form ADV filed 2026-05-21
Reported value
$4.2B
Quarter over quarter
+6.2%
Holdings
581
Top-10 concentration
9.1%

Filing Structure

Reports holdings for

Holdings reported by

Key People

Form ADV owners & control persons
Jean Buchanan Barnard
DIRECTOR OF RESEARCH, PORTFOLIO MANAGER
James Joseph Boyne
DIRECTOR KENNEDY CAPITAL MANAGEMENT LLC
Donald M Cobin
DIRECTOR KENNEDY CAPITAL MANAGEMENT LLC, PRESIDENT, CHIEF EXECUTIVE OFFICER, PORTFOLIO MANAGER
Q1 2025
Q3 2025
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Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.

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Q2 2025 13F filing summary

Period of report June 30, 2025
Filed August 13, 2025
Form 13F-HR
Reported value $4.2B
Positions 581
Change in reported value +0.2%
New positions 49
Exited positions 110
Position turnover 23.0%
Top-10 concentration 9.1%

13F filings by quarter

Quarter Positions Value
Q2 2026 13F
Filed Aug 14, 2026
 543 $5.6B
Q1 2026 13F
Filed May 13, 2026
 535 $4.7B
Q4 2025 13F
Filed Feb 13, 2026
 531 $4.7B
Q3 2025 13F
Filed Nov 13, 2025
 555 $4.5B
Q2 2025 13F
Filed Aug 13, 2025
 581 $4.2B
Q1 2025 13F
Filed May 13, 2025
 642 $4.2B
Q4 2024 13F
Filed Feb 13, 2025
 669 $4.5B
Q3 2024 13F
Filed Nov 14, 2024
 687 $4.5B
Q2 2024 13F
Filed Aug 14, 2024
 695 $4.7B
Q1 2024 13F
Filed May 15, 2024
 723 $4.9B
Q4 2023 13F
Filed Feb 14, 2024
 682 $4.6B
Q3 2023 13F
Filed Nov 14, 2023
 671 $4.1B
Q2 2023 13F
Filed Aug 14, 2023
 664 $4.3B
Q1 2023 13F
Filed May 15, 2023
 618 $3.4B
Q4 2022 13F
Filed Feb 14, 2023
 612 $3.5B
Q3 2022 13F
Filed Nov 14, 2022
 605 $3.4B
Q2 2022 13F
Filed Aug 10, 2022
 600 $3.6B
Q1 2022 13F
Filed May 16, 2022
 599 $4.2B
Q4 2021 13F
Filed Feb 14, 2022
 611 $4.7B
Q3 2021 13F
Filed Nov 15, 2021
 627 $4.5B

33 earlier quarters on file — choose one from the quarter menu above.

Top 20 holdings · Q2 2025

# Holding Reported value % of portfolio
1 CHEF Chefs Warehouse Inc. $54.0M 1.29%
2 SF Stifel Financial Corporation $42.5M 1.01%
3 NVDA NVIDIA Corp. $41.3M 0.98%
4 MSFT Microsoft Corp. $39.0M 0.93%
5 VMI Valmont Industries, Inc. $38.4M 0.92%
6 ALG Alamo Group Inc $37.0M 0.88%
7 OZK Bank OZK Little Rock Arkansas $35.8M 0.85%
8 GTES Gates Industrial Corp PLC $34.0M 0.81%
9 REVG Rev Group Inc $30.8M 0.73%
10 HOMB Home BancShares Inc. $30.2M 0.72%
11 AAPL Apple Inc. $30.2M 0.72%
12 WTFC Wintrust Financial Corporation $30.0M 0.72%
13 MRCY Mercury Systems Inc $28.6M 0.68%
14 LLY Eli Lilly & Co. $28.2M 0.67%
15 CR Crane Co. $28.0M 0.67%
16 EXP Eagle Materials Inc. $24.8M 0.59%
17 PNFP Pinnacle Financial Partners Inc. $24.6M 0.59%
18 AZZ AZZ Inc $24.5M 0.58%
19 OSK Oshkosh Corporation $23.9M 0.57%
20 NOG Northern Oil And Gas, Inc. $23.6M 0.56%

Values as reported on the Q2 2025 Form 13F. Every position is in the holdings table below.

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