David Kennon Inc
Long book
$278.9M
Q1 2026
Positions
41
Top-10 weight
75%
concentration
Last quarter
+11.0%
SPY +14.8%
Turnover
12%
of book per quarter
Strategy in plain words
auto-generated from filingsDavid Kennon Inc is a wealth-management firm allocating client money, specialised in technology (72% of the long book), running a $278.9M US long book across 41 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: VANGUARD S&P 500 ETF, VANGUARD TOTAL STOCK MKT ETF, FIDELITY NASDAQ COMP INDX, VANGUARD TOTAL INTL STOCK, VANGUARD ULTRA SHORT BOND ET.
Over the last 9 quarters its long book ran on average 0.9pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.1%
Q2 2024
+6.5%
Q3 2024
-0.4%
Q4 2024
-1.3%
Q1 2025
+7.1%
Q2 2025
+6.6%
Q3 2025
+2.3%
Q4 2025
-1.6%
Q1 2026
+11.0%
Sector allocation
Technology 72%
Consumer discretionary 16%
Financials 6%
Healthcare 6%
Long book by quarter
What does David Kennon own?
Q1 2026 13F13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 29, 2026 | 41 | $278.9M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 26, 2026 | 38 | $281.3M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 10, 2025 | 36 | $277.8M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 17, 2025 | 36 | $267.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 23, 2025 | 36 | $251.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 23, 2025 | 36 | $253.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 22, 2024 | 34 | $254.0M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 25, 2024 | 34 | $238.1M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 6, 2024 | 34 | $233.9M | canonical | SEC ↗ |