Vault-13

KVH INDS INC KVHI

COM · Common Stock · CUSIP 482738101

49 institutional holders -3 vs Q1 2025
9,872,2509.9m shares reported held*
50.6% of all shares outstanding*
$52.6mreported value*
3 new 14 added 19 reduced 5 sold out net sold ≈ $1.6m (-301.9k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($451.4k this quarter). Holder counts are more reliable. Shares outstanding: 19.5m as of 2025-08-04, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $5.33. Options: 1 managers hold calls ($0 notional), 1 hold puts ($0).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 51Q4 22: 59Q1 23: 67Q2 23: 74Q3 23: 71Q4 23: 70Q1 24: 68Q2 24: 76Q3 24: 52Q4 24: 52Q1 25: 52Q2 25: 4949Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202251
Q4 202259
Q1 202367
Q2 202374
Q3 202371
Q4 202370
Q1 202468
Q2 202476
Q3 202452
Q4 202452
Q1 202552
Q2 202549

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
50050Q3 23: 38 bought or addedQ3 23: 30 cut or sold outQ4 23: 36 bought or addedQ4 23: 33 cut or sold outQ4 23Q1 24: 33 bought or addedQ1 24: 35 cut or sold outQ2 24: 46 bought or addedQ2 24: 41 cut or sold outQ2 24Q3 24: 18 bought or addedQ3 24: 49 cut or sold outQ4 24: 25 bought or addedQ4 24: 25 cut or sold outQ4 24Q1 25: 21 bought or addedQ1 25: 28 cut or sold outQ2 25: 17 bought or addedQ2 25: 24 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20233830
Q4 20233633
Q1 20243335
Q2 20244641
Q3 20241849
Q4 20242525
Q1 20252128
Q2 20251724

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$50k$100k$150kQ3 24 calls: $29.5kQ3 24 puts: $115.9kQ3 24P/C 3.93Q4 24 calls: $87.8kQ4 24 puts: $0Q4 24P/C 0.00Q1 25 calls: $10.6kQ1 25 puts: $2.1kQ1 25P/C 0.20Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —
Numbers
QuarterCallsPutsP/C
Q3 2024$29.5k$115.9k3.93
Q4 2024$87.8k$00.00
Q1 2025$10.6k$2.1k0.20
Q2 2025$0$0—

Biggest buyers

First Eagle Investment Management, LLC Added +85,509+85.5k
Mink Brook Asset Management LLC Added +70,382+70.4k
Peapod Lane Capital LLC Added +25,993+26.0k
DIMENSIONAL FUND ADVISORS LP Added +16,262+16.3k
VANGUARD GROUP INC Added +9,399+9.4k
BLACK DIAMOND CAPITAL MANAGEMENT, L.L.C. Added +8,316+8.3k
ROYAL BANK OF CANADA Added +3,913+3.9k
Orion Porfolio Solutions, LLC Added +2,222+2.2k
GOLDMAN SACHS GROUP INC Added +619+619
Kovack Advisors, Inc. Added +500+500

Biggest sellers

Palogic Value Management, L.P. Reduced -217,993-218.0k
NEEDHAM INVESTMENT MANAGEMENT LLC Reduced -187,345-187.3k
BlackRock, Inc. Reduced -21,872-21.9k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -18,096-18.1k
GSA CAPITAL PARTNERS LLP Reduced -16,772-16.8k
CITADEL ADVISORS LLC Reduced -13,728-13.7k
SYSTEMATIC FINANCIAL MANAGEMENT LP Reduced -12,498-12.5k
MILLENNIUM MANAGEMENT LLC Reduced -8,396-8.4k
TWO SIGMA INVESTMENTS, LP Reduced -6,333-6.3k
JANE STREET GROUP, LLC Reduced -5,866-5.9k

Biggest calls

Biggest puts

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
BDCM CT, L.L.C. 13D · may seek influence filed 2025-08-26 17.6% 3.4m≈ $33.8m 2025-08-26
JEC II Associates, LLC 13G · passive investor -0.6 pts · filed 2026-08-11 6.6% -0.6 pts 1.2m≈ $11.8m 2026-08-11
BlackRock, Inc. 13G · institution new · filed 2026-10-27 5.4% new 981.9k≈ $9.7m 2026-10-27

Fell to 5% or below in the last year: SYSTEMATIC FINANCIAL MANAGEMENT LP (4.5%, 2026-08-14)

Insider purchases and sales in Q2 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
404Q3 23: 0 buyingQ3 23: 0 sellingQ4 23: 0 buyingQ4 23: 0 sellingQ4 23Q1 24: 0 buyingQ1 24: 4 sellingQ2 24: 0 buyingQ2 24: 3 sellingQ2 24Q3 24: 1 buyingQ3 24: 2 sellingQ4 24: 1 buyingQ4 24: 1 sellingQ4 24Q1 25: 0 buyingQ1 25: 2 sellingQ2 25: 0 buyingQ2 25: 2 sellingQ2 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q3 20230—0——
Q4 20230—0——
Q1 20240—4$33.4k—
Q2 20240—3$39.6k—
Q3 20241$224.4k2$18.7k—
Q4 20241$130.0k1$3.6k—
Q1 20250—2$55.3k—
Q2 20250—2$35.1k—
DateInsiderTradeSharesPrice ValueTheir holding
2025-06-10 BRUUN BRENT C CEO, director Sold 2,368 $5.22 $12.4k2.4k shares -1%
2025-06-10 FEINGOLD FELISE SVP General Counsel Sold 1,601 $5.22 $8.4k1.6k shares -2%
2025-04-02 BRUUN BRENT C CEO, director Sold 1,663 $5.17 $8.6k1.7k shares -1%
2025-04-02 FEINGOLD FELISE SVP General Counsel Sold 1,125 $5.17 $5.8k1.1k shares -2%

Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BLACK DIAMOND CAPITAL MANAGEMENT, L.L.C. 10.55% of their portfolio STAMFORD, CT 3,396,5273.4m $18.1m $18.1m 10.55% Added +8.3k +8,316
2 SYSTEMATIC FINANCIAL MANAGEMENT LP 0.17% of their portfolio TEANECK, NJ 1,185,5301.2m $6.3m $6.3m 0.17% Reduced -12.5k -12,498
3 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 876,044876.0k $4.7m $4.7m 0.00% Added +16.3k +16,262
4 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 867,141867.1k $4.6m $4.6m 0.00% Added +9.4k +9,399
5 NEEDHAM INVESTMENT MANAGEMENT LLC 0.31% of their portfolio NEW YORK, NY 739,200739.2k $3.9m $3.9m 0.31% Reduced -187.3k -187,345
6 BlackRock, Inc. 0.00% of their portfolio New York, NY 528,278528.3k $2.8m $2.8m 0.00% Reduced -21.9k -21,872
7 Peapod Lane Capital LLC 1.93% of their portfolio Bedford Hills, NY 362,086362.1k $1.9m $1.9m 1.93% Added +26.0k +25,993
8 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 224,015224.0k $1.2m $1.2m 0.00% Reduced -4.7k -4,700
9 First Eagle Investment Management, LLC 0.00% of their portfolio NEW YORK, NY 196,344196.3k $1.0m $1.0m 0.00% Added +85.5k +85,509
10 Mink Brook Asset Management LLC 0.71% of their portfolio West Palm Beach, FL 153,683153.7k $819.1k $819.1k 0.71% Added +70.4k +70,382
11 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 151,078151.1k $805.4k $805.4k 0.00% Reduced -1.7k -1,668
12 Manatuck Hill Partners, LLC 0.30% of their portfolio WESTPORT, CT 150,000150.0k $799.5k $799.5k 0.30% Unchanged
13 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 115,764115.8k $617.0k $617.0k 0.00% Reduced -8.4k -8,396
14 Palogic Value Management, L.P. 0.26% of their portfolio DALLAS, TX 113,869113.9k $606.9k $606.9k 0.26% Reduced -218.0k -217,993
15 BOOTHBAY FUND MANAGEMENT, LLC 0.01% of their portfolio NEW YORK, NY 84,71184.7k $451.5k $451.5k 0.01% Unchanged
16 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 76,92276.9k $410.0k $410.0k 0.00% Reduced -201 -201
17 Orion Porfolio Solutions, LLC 0.00% of their portfolio OMAHA, NE 68,82968.8k $366.9k $366.9k 0.00% Added +2.2k +2,222
18 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.01% of their portfolio HOUSTON, TX 63,91563.9k $340.7k $340.7k 0.01% Reduced -432 -432
19 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 63,48763.5k $338.4k $338.4k 0.00% Unchanged
20 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 63,21863.2k $337.0k $337.0k 0.00% Added +300 +300
21 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 56,97057.0k $303.6k $303.6k 0.00% Reduced -979 -979
22 GSA CAPITAL PARTNERS LLP 0.02% of their portfolio LONDON, X0 50,75050.8k $270.0k $270.0k 0.02% Reduced -16.8k -16,772
23 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 39,78839.8k $212.1k $212.1k 0.00% Reduced -13.7k -13,728
24 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 37,76337.8k $202.0k $202.0k 0.00% Unchanged
25 Moors & Cabot, Inc. 0.01% of their portfolio BOSTON, MA 37,36837.4k $199.2k $199.2k 0.01% Unchanged
26 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 36,28936.3k $195.6k $195.6k 0.00% Unchanged
27 Kovack Advisors, Inc. 0.02% of their portfolio FT. LAUDERDALE, FL 33,90033.9k $180.7k $180.7k 0.02% Added +500 +500
28 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 30,81030.8k $164.2k $164.2k 0.00% Reduced -36 -36
29 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 27,88327.9k $148.6k $148.6k 0.00% Added +619 +619
30 Empowered Funds, LLC 0.00% of their portfolio NEWTOWN SQUARE, PA 27,71527.7k $147.7k $147.7k 0.00% Reduced -432 -432
31 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 27,36127.4k $145.8k $145.8k 0.00% Reduced -5.9k -5,866
32 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 21,36821.4k $113.9k $113.9k 0.00% Reduced -4.6k -4,630
33 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 19,81319.8k $105.6k $105.6k 0.00% Reduced -6.3k -6,333
34 Engineers Gate Manager LP 0.00% of their portfolio NEW YORK, NY 10,94910.9k $58.4k $58.4k 0.00% Reduced -921 -921
35 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 9,6009.6k $51.2k $51.2k 0.00% Unchanged
36 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 4,3224.3k $22.0k $22.0k 0.00% Added +3.9k +3,913
37 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,3961.4k $7.4k $7.4k 0.00% Unchanged
38 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 696696 $3.7k $3.7k 0.00% Added +475 +475
39 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 407407 $2.2k $2.2k 0.00% Added +323 +323
40 BROWN, LISLE/CUMMINGS, INC. 0.00% of their portfolio PROVIDENCE, RI 300300 $1.6k $1.6k 0.00% New
41 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 269269 $1.4k $1.4k 0.00% Added +23 +23
42 COMERICA BANK 0.00% of their portfolio DALLAS, TX 163163 $867 $867 0.00% Unchanged
43 UBS Group AG 0.00% of their portfolio ZURICH, V8 130130 $693 $693 0.00% Reduced -330 -330
44 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 8585 $453 $453 0.00% Unchanged
45 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 7979 $416 $416 0.00% Unchanged
46 CWM, LLC 0.00% of their portfolio OMAHA, NE 6868 $0 $0 0.00% New
47 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 3030 $160 $160 0.00% New
48 FMR LLC 0.00% of their portfolio BOSTON, MA 2222 $117 $117 0.00% Unchanged
49 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged