undamentalytics Newsletter
Sign in

Funds (13F)

Kennedy Capital Management LLC

Backtest from 16 Aug 2013 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+11.2%
S&P 500 +14.1%
Last 12 months
+22.3%
S&P 500 +12.1%
Sharpe ratio
0.51
S&P 500 0.78
Biggest drop
−43.7%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 2013201520172019202120232025 $57.0k$40.4k
StrategyS&P 500 $10,000 in Kennedy Capital Management LLC from 16 Aug 2013 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies Kennedy Capital Management LLC's quarterly 13F holdings in the companies we cover, weighted by reported value: it buys on the first trading day after each 13F is filed (up to 45 days after the quarter) and holds until the next filing. A 13F shows long US-listed positions only, at the quarter's end, so this misses shorts, cash, bonds, non-US holdings and trading within the quarter.

Kennedy Capital Management LLC's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+11.2%+14.1%
Total return+304%+470%
Last 12 months+22.3%+12.1%
Last 3 months−2.2%—
Last month−0.5%—
This year so far+16.7%—
Volatility a year21.4%16.0%
Sharpe ratio0.510.78
Biggest drop−43.7%−31.8%
Beta to the S&P 5001.141.00
Alpha a year (t-statistic)−3.4% (−1.09)—
Share of weeks up57%—

Sharpe ratio uses returns above the 3-month Treasury bill rate. Alpha is the yearly return left after allowing for the strategy's exposure to the S&P 500 (CAPM); a t-statistic below about 2 means it cannot be told apart from luck.

Insights

CompanyWeightHeld sinceReturn since
MRCY1.4%——
VMI1.2%——
CHEF1.2%——
RAL1.2%——
QCRH1.0%——
ALGM0.9%——
TEX0.9%——
SARO0.9%——
PENG0.9%——
GTES0.8%——
MTRN0.8%——
HALO0.8%——
ONTO0.8%——
AX0.8%——
ENS0.8%——
ICHR0.8%——
WTFC0.7%——
DINO0.7%——
ALG0.7%——
FR0.7%——
SSB0.6%——
SF0.6%——
DCO0.6%——
CNOB0.6%——
SEI0.6%——
FUL0.6%——
LIVN0.6%——
PSNL0.6%——
MGNI0.6%——
CR0.6%——
RXO0.6%——
BOOT0.6%——
NBHC0.6%——
OSK0.6%——
OSBC0.5%——
ASTE0.5%——
CHRD0.5%——
AEIS0.5%——
RRC0.5%——
ADUS0.5%——
CWST0.5%——
TBBK0.5%——
GOLF0.5%——
PATK0.5%——
KTB0.5%——
CVCO0.5%——
AHCO0.5%——
PIPR0.5%——
NPO0.5%——
KWR0.5%——
PRGS0.5%——
SRCE0.5%——
ANIP0.5%——
ATRC0.5%——
AIZ0.5%——
AHR0.5%——
KRG0.4%——
EXP0.4%——
SXI0.4%——
GMED0.4%——
LMAT0.4%——
GBCI0.4%——
RYTM0.4%——
PFGC0.4%——
AAOI0.4%——
SN0.4%——
MCB0.4%——
ITGR0.4%——
LLY0.4%——
LTH0.4%——
IDA0.4%——
PECO0.4%——
HLIO0.4%——
SWX0.4%——
JXN0.4%——
ICUI0.3%——
SNX0.3%——
LYTS0.3%——
TCBX0.3%——
CUZ0.3%——
EPRT0.3%——
ADPT0.3%——
ITT0.3%——
SIGI0.3%——
RS0.3%——
ACLS0.3%——
HCSG0.3%——
SM0.3%——
UFPI0.3%——
AUB0.3%——
STRL0.3%——
NRIX0.3%——
CORT0.3%——
PII0.3%——
RGA0.3%——
VPG0.3%——
NRG0.3%——
PTGX0.3%——
ABBV0.3%——
AVY0.3%——
BWIN0.3%——
TXNM0.3%——
BHE0.3%——
HOMB0.3%——
CHCT0.3%——
GRBK0.3%——
UMBF0.3%——
GHM0.3%——
SSD0.3%——
AVNT0.3%——
LINE0.3%——
ICFI0.3%——
LXP0.3%——
RIOT0.3%——
AWR0.3%——
MGTX0.3%——
BDC0.3%——
EQBK0.3%——
ADMA0.3%——
DAN0.3%——
FROG0.3%——
NOG0.3%——
ESAB0.3%——
NAMS0.3%——
NSIT0.3%——
UGI0.3%——
FSBC0.3%——
CVBF0.3%——
SNDA0.3%——
AGIO0.3%——
UPBD0.3%——
AAON0.3%——
MKSI0.3%——
MLAB0.3%——
EFSC0.3%——
SPXC0.3%——
Q0.3%——
COGT0.3%——
JNJ0.3%——
TRS0.3%——
NATR0.3%——
TDY0.3%——
WCC0.3%——
PLXS0.3%——
NEOG0.3%——
EAT0.3%——
CARE0.2%——
CCB0.2%——
MYE0.2%——
DORM0.2%——

Weighted by reported value in the latest 13F, held until the next filing.

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest16 Aug 2013 to 2 Nov 2026+11.2%+14.1%0.510.78−43.7%1.14−3.4% (−1.09)
2018 onwards5 Jan 2018 to 2 Nov 2026+8.9%+13.9%0.360.66−43.7%1.14−4.8% (−1.12)
Last three years3 Nov 2023 to 2 Nov 2026+18.5%+21.8%0.801.16−21.8%0.94−1.1% (−0.16)
Last year7 Nov 2025 to 2 Nov 2026+23.3%+14.2%1.210.84−9.6%0.69+11.1% (0.89)
DateCompanyAction
21 Aug 2026WVEBought
21 Aug 2026VABKBought
21 Aug 2026TSCOBought
21 Aug 2026TLSBought
21 Aug 2026TFINBought
21 Aug 2026SWXBought
21 Aug 2026STTBought
21 Aug 2026SNDABought
21 Aug 2026SITEBought
21 Aug 2026SFBSBought
21 Aug 2026SANMBought
21 Aug 2026RNSTBought
21 Aug 2026RMNIBought
21 Aug 2026RIOTBought
21 Aug 2026RAILBought
21 Aug 2026QXOBought
21 Aug 2026QDELBought
21 Aug 2026PTCBought
21 Aug 2026PESIBought
21 Aug 2026MYEBought
21 Aug 2026MRVIBought
21 Aug 2026MDXGBought
21 Aug 2026LIIBought
21 Aug 2026LGNDBought
21 Aug 2026LGNBought

Dated at the rebalance that made the change.

DateCompanyAction
21 Aug 2026YETISold
21 Aug 2026WLTHSold
21 Aug 2026WGSSold
21 Aug 2026VNTSold
21 Aug 2026THRMSold
21 Aug 2026SRISold
21 Aug 2026SMBCSold
21 Aug 2026SLBSold
21 Aug 2026RYANSold
21 Aug 2026QRHCSold
21 Aug 2026PSNSold
21 Aug 2026PACKSold
21 Aug 2026NRIMSold
21 Aug 2026NPBSold
21 Aug 2026NEESold
21 Aug 2026NATLSold
21 Aug 2026MPAASold
21 Aug 2026MMSISold
21 Aug 2026MDXHSold
21 Aug 2026MATWSold
21 Aug 2026LYBSold
21 Aug 2026INTASold
21 Aug 2026INBXSold
21 Aug 2026IESCSold
21 Aug 2026HUCKSold

Dated at the rebalance that made the change.

Backtests are hypothetical and use today's listed companies only, which flatters results. Past performance does not predict future returns. This is research, not investment advice. How we backtest