Canaan Partners XI LLC
Long book
$76.1M
Q1 2026
Positions
3
Top-10 weight
100%
concentration
Last quarter
+43.6%
SPY +14.8%
Turnover
25%
of book per quarter
Strategy in plain words
auto-generated from filingsCanaan Partners XI LLC is a diversified fundamental manager, specialised in industrials (62% of the long book), running a $76.1M US long book across 3 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: AEVA TECHNOLOGIES INC, TYRA BIOSCIENCES INC, BLINK CHARGING CO.
Over the last 9 quarters its long book ran on average 22.1pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-8.1%
Q2 2024
+45.1%
Q3 2024
-31.9%
Q4 2024
-14.4%
Q1 2025
+176.0%
Q2 2025
-39.6%
Q3 2025
+39.0%
Q4 2025
+29.4%
Q1 2026
+43.6%
Sector allocation
Industrials 62%
Healthcare 38%
Technology 0%
Long book by quarter
What does Canaan Partners own?
Q1 2026 13F13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 24, 2026 | 3 | $76.1M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 4 | $136.8M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 23, 2025 | 3 | $102.9M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 17, 2025 | 4 | $171.8M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 9, 2025 | 4 | $66.4M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 21, 2025 | 3 | $77.3M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 16, 2024 | 3 | $118.1M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 9, 2024 | 3 | $82.6M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 5, 2024 | 3 | $90.7M | canonical | SEC ↗ |