# Kennedy Capital Management

> Kennedy Capital Management is an SEC-registered investment advisory firm in St Louis, MO, registered since 1980, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated May 21, 2026.

- CRD: 105834
- Filed as: KENNEDY CAPITAL MANAGEMENT
- Legal name: Kennedy Capital Management LLC
- Also doing business as: KENNEDY CAPITAL, KENNEDY CAPITAL MANAGEMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: St Louis, MO
- Filing period: October 2026
- Form ADV filing dated: May 21, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/105834
- AdvisorCensus page: https://advisorcensus.com/firm/kennedy-capital-management-st-louis-mo-105834

## Quick answers

**How is Kennedy Capital Management compensated?**
On its Form ADV (Item 5.E, October 2026), Kennedy Capital Management reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Kennedy Capital Management located?**
Kennedy Capital Management's principal office is in St Louis, MO, according to its Form ADV.

**Is Kennedy Capital Management registered with the SEC or a state?**
Kennedy Capital Management is an SEC-registered investment advisory firm, registered since 1980. Status as filed: Approved. CRD 105834.

**How much does Kennedy Capital Management manage?**
Kennedy Capital Management reports $5,019,213,881 in regulatory assets under management in its Form ADV filing dated May 21, 2026 (97% discretionary).

**How have Kennedy Capital Management's assets and staff changed since 2021?**
In the Form ADV data for Kennedy Capital Management: Regulatory assets under management: $4,568,329,807 in the October 2021 data and $5,019,213,881 in the October 2026 data, up 10%. Total employees: 52 in October 2021 and 43 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Kennedy Capital Management serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (92); corporations or other businesses not listed above (26); state or municipal government entities (including government pension plans) (23).

**Which custodians does Kennedy Capital Management use?**
Kennedy Capital Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY Mellon, Northern Trust and State Street Bank as custodians holding 10% or more of its separately managed account assets.

**Does Kennedy Capital Management report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/105834

**What changed in Kennedy Capital Management's recent Form ADV filings?**
In the June 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- BNY Mellon
- Northern Trust
- State Street Bank

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $5,019,213,881
- Discretionary: $4,883,189,310
- Non-discretionary: $136,024,571

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 4 | $2,705,503 |
| High net worth individuals | 92 | $120,060,058 |
| Banking or thrift institutions | Fewer than 5 | $0 |
| Investment companies | 7 | $269,448,808 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 11 | $1,619,525,903 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 9 | $279,957,221 |
| Charitable organizations | 18 | $472,576,472 |
| State or municipal government entities (including government pension plans) | 23 | $1,571,371,787 |
| Other investment advisers | 7 | $299,445,005 |
| Insurance companies | Fewer than 5 | $0 |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $0 |
| Corporations or other businesses not listed above | 26 | $376,467,999 |
| Other | 16 | $7,655,125 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 1980 (46 years)
- Employees: 43 total, 20 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV, WY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- kennedycapital.com
- kennedycapital.com/ESG-MUTUAL-FUND
- kennedycapital.com/KGROX-MUTUAL-FUND
- kennedycapital.com/KVALX-MUTUAL-FUND
- LinkedIn @KENNEDY-CAPITAL-MANAGEMENT

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $4,568,329,807 | 52 | August 27, 2021 |
| October 2022 | $4,924,492,902 | 47 | July 18, 2022 |
| October 2023 | $3,721,608,110 | 43 | March 30, 2023 |
| October 2024 | $4,769,808,892 | 47 | March 28, 2024 |
| October 2025 | $4,885,270,151 | 46 | May 27, 2025 |
| October 2026 | $5,019,213,881 | 43 | May 21, 2026 |

Regulatory assets under management: $4,568,329,807 in the October 2021 data and $5,019,213,881 in the October 2026 data, up 10%.
Total employees: 52 in October 2021 and 43 in October 2026.

## Changes in the filing (last 12 months)

### June 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Employees performing advisory functions went from 23 to 20.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Kennedy Capital Management (CRD 105834): Form ADV filing data as of October 2026.