KENNEDY CAPITAL MANAGEMENT LLC
Q3 2025 Form 13-F

ST LOUIS, MISSOURI
CIK 0000884589 · CRD 105834 · SEC-registered investment adviser
$4.5B 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
$4.5B
Quarter over quarter
+7.5%
Holdings
555
Top-10 concentration
9.3%

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
Q2 2025
Q4 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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Q3 2025 13F filing summary

Period of report September 30, 2025
Filed November 13, 2025
Form 13F-HR
Reported value $4.5B
Positions 555
Change in reported value +7.9%
New positions 48
Exited positions 74
Position turnover 19.4%
Top-10 concentration 9.3%

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 · Q3 2025

# Holding Reported value % of portfolio
1 CHEF Chefs Warehouse Inc. $53.2M 1.18%
2 QCRH QCR Holdings Inc. $52.5M 1.16%
3 MRCY Mercury Systems Inc $50.9M 1.12%
4 SF Stifel Financial Corporation $44.9M 0.99%
5 VMI Valmont Industries, Inc. $42.9M 0.95%
6 HLIO Helios Technologies Inc $39.5M 0.87%
7 OZK Bank OZK $35.6M 0.79%
8 GTES Gates Industrial Corp PLC $35.5M 0.79%
9 ENS EnerSys $35.2M 0.78%
10 TRS Trimas Corporation $30.1M 0.67%
11 ALG Alamo Group Inc $30.1M 0.66%
12 ATRC Atricure Inc $29.5M 0.65%
13 WTFC Wintrust Financial Corporation $29.1M 0.64%
14 REVG Rev Group Inc $29.0M 0.64%
15 CR Crane Co. $28.9M 0.64%
16 PIPR Piper Sandler Companies $28.6M 0.63%
17 HALO Halozyme Therapeutics Inc $28.1M 0.62%
18 GMED Globus Med Inc $28.1M 0.62%
19 DCO Ducommun Incorporated $27.6M 0.61%
20 HOMB Home BancShares Inc. $26.9M 0.59%

Values as reported on the Q3 2025 Form 13F. Every position is in the holdings table below.

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