KENNEDY CAPITAL MANAGEMENT LLC

ST LOUIS, MO · CIK 884589 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 1980 · limited liability company

Assets managed$5.0bn
Staff43 · 20 in investment roles
Main clients (by assets)Private funds 32%, State and local governments 31%, Charities 9%
Websitekennedycapital.com
Form ADV · 2026-05-21SEC adviser record

Legal entityKENNEDY CAPITAL MANAGEMENT LLC (US)

$5.6bn reported value +19.6% vs Q1 2026

543positions

9.7%in top 10

60 new 158 added 325 reduced 52 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	MERCURY SYS INC COM MRCY	MRCY	591,802	$72.4m1.28%	1.28%	Added +2.6k	+2,553 0.4%
2	VALMONT INDS INC COM VMI	VMI	108,802	$62.8m1.11%	1.11%	Reduced -35.0k	-34,952 -24.3%
3	CHEFS WHSE INC COM CHEF	CHEF	652,042	$62.7m1.11%	1.11%	Reduced -25.6k	-25,596 -3.8%
4	RALLIANT CORP COM RAL	RAL	847,990	$62.4m1.11%	1.11%	Added +93.5k	+93,504 12.4%
5	QCR HOLDINGS INC COM QCRH	QCRH	565,484	$55.0m0.97%	0.97%	Reduced -100.8k	-100,817 -15.1%
6	ALLEGRO MICROSYSTEMS INC COM ALGM	ALGM	689,668	$48.0m0.85%	0.85%	Reduced -220.4k	-220,371 -24.2%
7	TEREX CORP NEW COM TEX	TEX	658,738	$47.7m0.84%	0.84%	Added +81.3k	+81,288 14.1%
8	STANDARDAERO INC COM SARO	SARO	1,578,131	$47.2m0.84%	0.84%	Added +464.2k	+464,216 41.7%
9	PENGUIN SOLUTIONS INC COM PENG	PENG	610,743	$46.4m0.82%	0.82%	Reduced -368.7k	-368,749 -37.6%
10	GATES INDL CORP LTD COM SHS STOCK GTES	GTES	1,632,415	$45.7m0.81%	0.81%	New
11	MATERION CORP COM MTRN	MTRN	148,769	$44.2m0.78%	0.78%	Reduced -17.2k	-17,220 -10.4%
12	HALOZYME THERAPEUTICS INC COM HALO	HALO	544,994	$42.7m0.76%	0.76%	Added +60.4k	+60,414 12.5%
13	ONTO INNOVATION INC COM ONTO	ONTO	111,907	$42.4m0.75%	0.75%	Reduced -47.2k	-47,249 -29.7%
14	AXOS FINANCIAL INC COM AX	AX	426,294	$41.5m0.74%	0.74%	Added +194.9k	+194,907 84.2%
15	ENERSYS COM ENS	ENS	171,566	$40.1m0.71%	0.71%	Reduced -29.8k	-29,835 -14.8%
16	ICHOR HOLDINGS SHS ICHR	ICHR	357,008	$40.1m0.71%	0.71%	Reduced -454.9k	-454,888 -56.0%
17	WINTRUST FINL CORP COM WTFC	WTFC	233,889	$37.6m0.67%	0.67%	Added +435	+435 0.2%
18	HF SINCLAIR CORP COM DINO	DINO	539,602	$37.6m0.67%	0.67%	Reduced -83.0k	-83,016 -13.3%
19	ALAMO GROUP INC COM ALG	ALG	226,940	$37.3m0.66%	0.66%	Added +25.9k	+25,857 12.9%
20	FIRST INDL RLTY TR INC COM FR	FR	600,891	$36.8m0.65%	0.65%	Added +129.0k	+128,986 27.3%
21	AZZ INC COM AZZ	AZZ	230,463	$35.7m0.63%	0.63%	Reduced -6.6k	-6,606 -2.8%
22	SOUTHSTATE BK CORP COM SSB	SSB	344,799	$34.4m0.61%	0.61%	Added +151.5k	+151,461 78.3%
23	BANK OZK LITTLE ROCK ARK COM OZK	OZK	660,025	$34.4m0.61%	0.61%	Reduced -17.3k	-17,320 -2.6%
24	ORIGIN BANCORP INC COM OBK	OBK	669,700	$34.3m0.61%	0.61%	Reduced -33.3k	-33,335 -4.7%
25	STIFEL FINL CORP COM SF	SF	478,500	$33.4m0.59%	0.59%	Reduced -6.8k	-6,801 -1.4%
26	DUCOMMUN INC DEL COM DCO	DCO	178,558	$33.1m0.59%	0.59%	Reduced -7.7k	-7,743 -4.2%
27	CONNECTONE BANCORP INC COM CNOB	CNOB	985,475	$33.0m0.58%	0.58%	Reduced -22.1k	-22,141 -2.2%
28	SOLARIS ENERGY INFRAS INC COM CL A SEI	SEI	404,104	$32.5m0.58%	0.58%	Reduced -39.0k	-39,007 -8.8%
29	FULLER H B CO COM FUL	FUL	552,832	$32.2m0.57%	0.57%	Reduced -46.3k	-46,308 -7.7%
30	LIVANOVA PLC SHS LIVN	LIVN	389,073	$32.0m0.57%	0.57%	Added +24.7k	+24,668 6.8%
31	PERSONALIS INC COM PSNL	PSNL	2,364,282	$31.7m0.56%	0.56%	Added +180.7k	+180,710 8.3%
32	MAGNITE INC COM MGNI	MGNI	1,666,799	$31.6m0.56%	0.56%	Reduced -86.7k	-86,743 -5.0%
33	CRANE COMPANY COMMON STOCK CR	CR	140,358	$31.3m0.55%	0.55%	Reduced -3.3k	-3,338 -2.3%
34	RXO INC COMMON STOCK RXO	RXO	1,108,441	$30.6m0.54%	0.54%	Reduced -587.8k	-587,776 -34.6%
35	BOOT BARN HLDGS INC COM BOOT	BOOT	182,631	$30.0m0.53%	0.53%	Added +34.1k	+34,118 23.0%
36	NATIONAL BK HLDGS CORP CL A NBHC	NBHC	666,354	$29.6m0.52%	0.52%	Reduced -17.5k	-17,527 -2.6%
37	OSHKOSH CORP COM OSK	OSK	191,865	$29.4m0.52%	0.52%	Added +68.1k	+68,121 55.0%
38	OLD SECOND BANCORP INC ILL COM OSBC	OSBC	1,236,983	$28.8m0.51%	0.51%	Reduced -31.5k	-31,507 -2.5%
39	ASTEC INDS INC COM ASTE	ASTE	471,146	$28.8m0.51%	0.51%	Added +66.8k	+66,835 16.5%
40	CHORD ENERGY CORPORATION COM NEW CHRD	CHRD	251,272	$28.7m0.51%	0.51%	Added +138.3k	+138,326 122.5%
41	ADVANCED ENERGY INDS COM AEIS	AEIS	72,835	$27.2m0.48%	0.48%	Added +44.2k	+44,207 154.4%
42	RANGE RES CORP COM RRC	RRC	729,126	$27.1m0.48%	0.48%	Added +17.1k	+17,064 2.4%
43	CATALYST PHARMACEUTICALS INC COM CPRX	CPRX	856,609	$26.9m0.48%	0.48%	Reduced -343.0k	-342,989 -28.6%
44	ADDUS HOMECARE CORP COM ADUS	ADUS	263,955	$26.5m0.47%	0.47%	Added +10.1k	+10,073 4.0%
45	CASELLA WASTE SYS INC CL A CWST	CWST	272,908	$26.5m0.47%	0.47%	Added +61.9k	+61,871 29.3%
46	BANCORP INC DEL COM TBBK	TBBK	413,775	$25.9m0.46%	0.46%	Added +117.2k	+117,214 39.5%
47	ACUSHNET HLDGS CORP COM GOLF	GOLF	218,597	$25.9m0.46%	0.46%	Added +4.1k	+4,110 1.9%
48	NORTHEAST BK PORTLAND ME COM NBN	NBN	194,801	$25.8m0.46%	0.46%	Reduced -3.3k	-3,330 -1.7%
49	CECO ENVIRONMENTAL CORP COM CECO	CECO	284,314	$25.8m0.46%	0.46%	Added +134.5k	+134,536 89.8%
50	PATRICK INDS INC COM PATK	PATK	285,316	$25.6m0.45%	0.45%	Added +49.2k	+49,203 20.8%
51	KONTOOR BRANDS INC COM KTB	KTB	304,035	$25.3m0.45%	0.45%	Added +74.9k	+74,945 32.7%
52	CAVCO INDS INC DEL COM CVCO	CVCO	41,242	$25.3m0.45%	0.45%	Reduced -817	-817 -1.9%
53	ADAPTHEALTH CORP COMMON STOCK AHCO	AHCO	2,410,614	$25.1m0.44%	0.44%	Reduced -59.2k	-59,153 -2.4%
54	PIPER SANDLER COMPANIES COM NEW PIPR	PIPR	345,329	$25.0m0.44%	0.44%	Reduced -10.3k	-10,322 -2.9%
55	ENPRO INC COM NPO	NPO	66,272	$25.0m0.44%	0.44%	Reduced -1.9k	-1,933 -2.8%
56	QUAKER HOUGHTON COM KWR	KWR	156,874	$24.9m0.44%	0.44%	Reduced -1.1k	-1,130 -0.7%
57	PROGRESS SOFTWARE CORP COM PRGS	PRGS	741,875	$24.9m0.44%	0.44%	Added +437.0k	+436,961 143.3%
58	1ST SOURCE CORP COM SRCE	SRCE	304,837	$24.9m0.44%	0.44%	Reduced -8.9k	-8,904 -2.8%
59	ANI PHARMACEUTICALS INC COM ANIP	ANIP	295,938	$24.5m0.43%	0.43%	Added +1.9k	+1,942 0.7%
60	ATRICURE INC COM ATRC	ATRC	857,787	$24.0m0.42%	0.42%	Added +23.6k	+23,632 2.8%
61	ASSURANT INC COM AIZ	AIZ	89,235	$24.0m0.42%	0.42%	Added +4.6k	+4,586 5.4%
62	AMERICAN HEALTHCARE REIT INC COM SHS AHR	AHR	458,273	$23.9m0.42%	0.42%	Added +84.2k	+84,204 22.5%
63	KITE RLTY GROUP TR COM NEW KRG	KRG	835,890	$23.7m0.42%	0.42%	Added +3.5k	+3,523 0.4%
64	EAGLE MATLS INC COM EXP	EXP	104,266	$23.5m0.42%	0.42%	Reduced -1.7k	-1,663 -1.6%
65	STANDEX INTL CORP COM SXI	SXI	64,850	$23.2m0.41%	0.41%	Reduced -24.3k	-24,327 -27.3%
66	GLOBUS MED INC CL A GMED	GMED	278,707	$22.0m0.39%	0.39%	Reduced -181.6k	-181,585 -39.5%
67	LEMAITRE VASCULAR INC COM LMAT	LMAT	228,934	$22.0m0.39%	0.39%	Reduced -7.8k	-7,843 -3.3%
68	GLACIER BANCORP INC NEW COM GBCI	GBCI	424,376	$21.9m0.39%	0.39%	Reduced -104.2k	-104,215 -19.7%
69	RHYTHM PHARMACEUTICALS INC COM RYTM	RYTM	193,215	$21.5m0.38%	0.38%	Added +127.4k	+127,397 193.6%
70	PERFORMANCE FOOD GROUP CO COM PFGC	PFGC	189,951	$21.2m0.38%	0.38%	Added +13.5k	+13,503 7.7%
71	APPLIED OPTOELECTRONICS INC COM AAOI	AAOI	143,000	$21.2m0.38%	0.38%	Reduced -136.1k	-136,144 -48.8%
72	TEXAS CAP BANCSHARES INC COM TCBI	TCBI	204,918	$21.2m0.37%	0.37%	Reduced -6.2k	-6,172 -2.9%
73	SHARKNINJA INC COM SHS SN	SN	138,540	$21.1m0.37%	0.37%	Added +1.2k	+1,248 0.9%
74	METROPOLITAN BK HLDG CORP COM MCB	MCB	212,244	$21.0m0.37%	0.37%	Reduced -5.6k	-5,648 -2.6%
75	INTEGER HLDGS CORP COM ITGR	ITGR	222,619	$20.8m0.37%	0.37%	Reduced -65.2k	-65,168 -22.6%
76	ELI LILLY & CO COM LLY	LLY	17,324	$20.8m0.37%	0.37%	Reduced -2.4k	-2,408 -12.2%
77	LIFE TIME GROUP HOLDINGS INC COMMON STOCK LTH	LTH	507,764	$20.7m0.37%	0.37%	Added +55.0k	+55,005 12.2%
78	IDACORP INC COM IDA	IDA	135,592	$20.5m0.36%	0.36%	Reduced -4.0k	-3,962 -2.8%
79	PHILLIPS EDISON & CO INC COMMON STOCK PECO	PECO	481,848	$20.1m0.36%	0.36%	Reduced -14.9k	-14,861 -3.0%
80	HELIOS TECHNOLOGIES INC COM HLIO	HLIO	222,678	$19.9m0.35%	0.35%	Reduced -6.4k	-6,430 -2.8%
81	SOUTHWEST GAS HLDGS INC COM SWX	SWX	218,898	$19.4m0.34%	0.34%	New
82	JACKSON FINANCIAL INC COM CL A JXN	JXN	185,657	$19.0m0.34%	0.34%	Reduced -3.9k	-3,878 -2.0%
83	ICU MED INC COM ICUI	ICUI	129,329	$19.0m0.34%	0.34%	Added +3.4k	+3,352 2.7%
84	TD SYNNEX CORPORATION COM SNX	SNX	70,538	$18.9m0.33%	0.33%	Reduced -56.3k	-56,298 -44.4%
85	LSI INDS INC OHIO COM LYTS	LYTS	708,793	$18.8m0.33%	0.33%	Added +35.0k	+34,980 5.2%
86	THIRD COAST BANCSHARES INC COM TCBX	TCBX	458,725	$18.5m0.33%	0.33%	Reduced -7.7k	-7,732 -1.7%
87	COUSINS PPTYS INC COM NEW CUZ	CUZ	616,723	$18.5m0.33%	0.33%	Reduced -18.0k	-18,004 -2.8%
88	ESSENTIAL PPTYS RLTY TR INC COM EPRT	EPRT	612,785	$18.3m0.32%	0.32%	Reduced -24.0k	-24,011 -3.8%
89	ADAPTIVE BIOTECHNOLOGIES COR COM ADPT	ADPT	849,795	$18.2m0.32%	0.32%	Reduced -81.7k	-81,727 -8.8%
90	ITT INC COM ITT	ITT	92,158	$18.2m0.32%	0.32%	Reduced -19.7k	-19,733 -17.6%
91	SELECTIVE INS GROUP INC COM SIGI	SIGI	187,467	$18.2m0.32%	0.32%	Added +544	+544 0.3%
92	RELIANCE INC COM RS	RS	48,357	$18.1m0.32%	0.32%	Added +20.9k	+20,910 76.2%
93	AXCELIS TECHNOLOGIES INC COM NEW ACLS	ACLS	95,038	$18.0m0.32%	0.32%	Reduced -83.0k	-82,978 -46.6%
94	HEALTHCARE SVCS GROUP INC COM HCSG	HCSG	725,648	$17.8m0.32%	0.32%	Reduced -13.9k	-13,861 -1.9%
95	SM ENERGY CO COM SM	SM	681,877	$17.8m0.32%	0.32%	Reduced -20.0k	-19,982 -2.9%
96	UFP INDUSTRIES INC COM UFPI	UFPI	196,094	$17.8m0.32%	0.32%	Reduced -8.1k	-8,110 -4.0%
97	PREFERRED BK LOS ANGELES CA COM NEW PFBC	PFBC	167,220	$17.8m0.31%	0.31%	Reduced -53.2k	-53,184 -24.1%
98	ATLANTIC UN BANKSHARES CORP COM AUB	AUB	416,436	$17.6m0.31%	0.31%	Reduced -13.1k	-13,065 -3.0%
99	STERLING INFRASTRUCTURE INC COM STRL	STRL	20,985	$17.6m0.31%	0.31%	Reduced -16.0k	-15,959 -43.2%
100	NURIX THERAPEUTICS INC COM NRIX	NRIX	724,508	$17.6m0.31%	0.31%	Added +163.3k	+163,258 29.1%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
GATES INDL CORP PLC 9666678D	9666678D	1,601,282	$36.2m1.6m shares
THERMON GROUP HLDGS INC		368,773	$18.6m368.8k shares
IES HOLDINGS INC IESC	IESC	33,020	$15.7m33.0k shares
HERITAGE COMM CORP HTBK	HTBK	987,547	$12.3m987.5k shares
YETI HLDGS INC YETI	YETI	318,575	$11.7m318.6k shares
DAY ONE BIOPHARMACEUTICALS I		436,732	$9.4m436.7k shares
E L F BEAUTY INC ELF	ELF	143,438	$8.7m143.4k shares
NCR ATLEOS CORPORATION NATL	NATL	196,716	$8.6m196.7k shares
CARPENTER TECHNOLOGY CORP CRS	CRS	20,888	$8.2m20.9k shares
SUNOPTA INC STKL	STKL	1,189,304	$7.7m1.2m shares
COTERRA ENERGY INC CTRA	CTRA	171,477	$6.0m171.5k shares
VONTIER CORPORATION VNT	VNT	167,324	$5.9m167.3k shares
AVALO THERAPEUTICS INC AVTX	AVTX	387,982	$5.8m388.0k shares
APPLIED DIGITAL CORP APLD	APLD	240,854	$5.7m240.9k shares
CIPHER MINING INC CIFR	CIFR	428,085	$5.5m428.1k shares
WEALTHFRONT CORP WLTH	WLTH	593,275	$5.5m593.3k shares
ASCENDIS PHARMA A/S		23,838	$5.5m23.8k shares
INHIBRX BIOSCIENCES INC INBX	INBX	72,812	$4.9m72.8k shares
RYAN SPECIALTY HOLDINGS INC RYAN	RYAN	131,773	$4.4m131.8k shares
GE HEALTHCARE TECHNOLOGIES I GEHC	GEHC	55,917	$4.0m55.9k shares
BELLRING BRANDS INC BRBR	BRBR	239,437	$3.9m239.4k shares
WAVE LIFE SCIENCES LTD 96663EUR	96663EUR	519,768	$3.8m519.8k shares
BRINKS CO BCO	BCO	35,336	$3.7m35.3k shares
COMFORT SYS USA INC FIX	FIX	2,594	$3.6m2.6k shares
COPART INC CPRT	CPRT	103,259	$3.4m103.3k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
BRANCHOUT FOOD INC BOF · 13G · filed 2026-08-14	BOF	7.8%≈ $5.5m	new	13G	2026-08-14
OPTIMIZERX CORP OPRX · 13G · filed 2026-08-14	OPRX	6.7%≈ $7.1m	new	13G	2026-08-14
AUDIOEYE INC AEYE · 13G · filed 2026-05-12	AEYE	6.6%≈ $4.8m	new	13G	2026-05-12