KVH Industries
KVHI on Nasdaq. Market value $126m.
Should I look at this?
We have not checked this company yet
This is not advice.
Who owns it
2 long-term investors we follow own it, up from 1 last quarter. 97 funds in all.
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| First Eagle Investment ManagementMatthew McLennan | $6m | <0.1% | Added |
| Cannell CapitalJ. Carlo Cannell | $1m | 0.8% | New |
Largest holders overall
- Black Diamond Capital Management I, LLLP$35m
- BlackRock$10mAdded
- Systematic Financial Management LP$9mCut
- Dimensional Fund Advisors LP$7mCut
- First Eagle Investment Management$6mAdded
- Tema ETFs$5mAdded
- Tidal Investments$5mNew
- Vanguard Capital Management$5mCut
- Acadian Asset Management$4mAdded
- Needham Investment Management$4m
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
3 investors own more than 5%.
- BDCM CT, L.L.C.at least 17.6%(filed with 2 related holders)Since 22 August 2025
- Torok MichaelPassive investorat least 6.6%−0.6 pts(filed with 2 related holders)Since 30 June 2026
- THE NEEDHAM GROUP, INC.Passive investorat least 4.2%(filed with 4 related holders)Since 30 June 2025
- SYSTEMATIC FINANCIAL MANAGEMENT LPPassive investorSold down below 5%Since 30 June 2026
- Dimensional Fund Advisors LPPassive investorSold down below 5%Since 31 March 2025
| Holder | Stake | Since | |
|---|---|---|---|
BDCM CT, L.L.C. | at least 17.6% (filed with 2 related holders) | 22 August 2025 | |
Torok Michael Passive investor | at least 6.6%−0.6 pts (filed with 2 related holders) | 30 June 2026 | |
THE NEEDHAM GROUP, INC. Passive investor | at least 4.2% (filed with 4 related holders) | 30 June 2025 | |
SYSTEMATIC FINANCIAL MANAGEMENT LP Passive investor | Sold down below 5% | 30 June 2026 | |
Dimensional Fund Advisors LP Passive investor | Sold down below 5% | 31 March 2025 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 1 insider bought $593,871 of shares on the open market. 2 sold $92,934.
- FEINGOLD FELISESVP General CounselSold
- Date
- 10 June 2026
- Shares
- 1,862
- Price
- $7.60
- Value
- $14,151
- BRUUN BRENT CCEO, DirectorSold
- Date
- 10 June 2026
- Shares
- 2,230
- Price
- $7.60
- Value
- $16,948
- FEINGOLD FELISESVP General CounselSold
- Date
- 10 March 2026
- Shares
- 1,594
- Price
- $6.64
- Value
- $10,584
- BRUUN BRENT CCEO, DirectorSold
- Date
- 10 March 2026
- Shares
- 2,049
- Price
- $6.64
- Value
- $13,605
- FEINGOLD FELISESVP General CounselSold
- Date
- 18 February 2026
- Shares
- 1,715
- Price
- $6.38
- Value
- $10,942
- BRUUN BRENT CCEO, DirectorSold
- Date
- 18 February 2026
- Shares
- 3,537
- Price
- $6.38
- Value
- $22,566
- Deckoff Stephen HDirectorBought
- Date
- 9 December 2025
- Shares
- 60,201
- Price
- $6.02
- Value
- $362,410
- Deckoff Stephen HDirectorBought
- Date
- 8 December 2025
- Shares
- 2,461
- Price
- $6.05
- Value
- $14,889
- Deckoff Stephen HDirectorBought
- Date
- 5 December 2025
- Shares
- 7,956
- Price
- $5.99
- Value
- $47,656
- Deckoff Stephen HDirectorBought
- Date
- 2 December 2025
- Shares
- 13,000
- Price
- $6.06
- Value
- $78,780
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 10 June 2026 | FEINGOLD FELISE SVP General Counsel | Sold | 1,862 | $7.60 | $14,151 |
| 10 June 2026 | BRUUN BRENT C CEO, Director | Sold | 2,230 | $7.60 | $16,948 |
| 10 March 2026 | FEINGOLD FELISE SVP General Counsel | Sold | 1,594 | $6.64 | $10,584 |
| 10 March 2026 | BRUUN BRENT C CEO, Director | Sold | 2,049 | $6.64 | $13,605 |
| 18 February 2026 | FEINGOLD FELISE SVP General Counsel | Sold | 1,715 | $6.38 | $10,942 |
| 18 February 2026 | BRUUN BRENT C CEO, Director | Sold | 3,537 | $6.38 | $22,566 |
| 9 December 2025 | Deckoff Stephen H Director | Bought | 60,201 | $6.02 | $362,410 |
| 8 December 2025 | Deckoff Stephen H Director | Bought | 2,461 | $6.05 | $14,889 |
| 5 December 2025 | Deckoff Stephen H Director | Bought | 7,956 | $5.99 | $47,656 |
| 2 December 2025 | Deckoff Stephen H Director | Bought | 13,000 | $6.06 | $78,780 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 10 Mar 2026, plus the 10-Q filed 6 Aug 2026 and 3 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.