Kanen Wealth Management LLC
Long book
$278.0M
Q1 2026
Positions
36
Top-10 weight
74%
concentration
Last quarter
+28.4%
SPY +14.8%
Turnover
44%
of book per quarter
Strategy in plain words
auto-generated from filingsKanen Wealth Management LLC is a concentrated fundamental stock-picker, running a $278.0M US long book across 36 positions.
The portfolio is concentrated: the top 10 names carry 74% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: COMPASS INC - CLASS A, ALLOT LTD, BARNES & NOBLE EDUCATION INC, OUTDOOR HOLDING CO, INSPIRED ENTERTAINMENT INC.
Over the last 9 quarters its long book ran on average 2.9pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-7.9%
Q2 2024
+8.6%
Q3 2024
+30.7%
Q4 2024
-7.3%
Q1 2025
+2.2%
Q2 2025
+19.5%
Q3 2025
+9.0%
Q4 2025
-16.7%
Q1 2026
+28.4%
Sector allocation
Consumer discretionary 29%
Technology 24%
Real estate 19%
Services media 18%
Other 5%
Healthcare 3%
Industrials 1%
Consumer staples 1%
Long book by quarter
What does Kanen Wealth own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| COMP COMPASS INC - CLASS A | Real estate | 6.4M | $46.8M | 16.8% | +0.1% |
| ALLT ALLOT LTD | Technology | 4.7M | $31.0M | 11.1% | +1.1% |
| BNED BARNES & NOBLE EDUCATION INC | Consumer discretionary | 3.4M | $30.2M | 10.9% | +0.7% |
| POWW OUTDOOR HOLDING CO | Services media | 11.7M | $23.5M | 8.5% | Held |
| INSE INSPIRED ENTERTAINMENT INC | Technology | 2.7M | $19.1M | 6.9% | -0.1% |
| FUN SIX FLAGS ENTERTAINMENT CORP | Services media | 848.6K | $15.1M | 5.4% | New |
| REAL REALREAL INC/THE | Consumer discretionary | 1.4M | $12.6M | 4.5% | -25.1% |
| DIBS 1STDIBS.COM INC | Consumer discretionary | 2.1M | $11.4M | 4.1% | +75.8% |
| TOI ONCOLOGY INSTITUTE INC/THE | Healthcare | 2.8M | $8.5M | 3.1% | -6.7% |
| LOVE LOVESAC CO/THE | Consumer discretionary | 546.0K | $8.1M | 2.9% | New |
| PTON PELOTON INTERACTIVE INC-A | Other | 1.8M | $7.6M | 2.7% | New |
| STKS ONE GROUP HOSPITALITY INC/TH | Consumer discretionary | 4.2M | $7.3M | 2.6% | 0.0% |
| XPOF XPONENTIAL FITNESS INC-A | Services media | 845.9K | $5.1M | 1.8% | +426.2% |
| FOSL FOSSIL GROUP INC | Other | 1.1M | $4.9M | 1.8% | -22.3% |
| IMMR IMMERSION CORPORATION | Technology | 709.0K | $3.9M | 1.4% | +51.0% |
| DAIO DATA I/O CORP | Technology | 839.4K | $2.1M | 0.8% | Held |
| MCHX MARCHEX INC-CLASS B | Technology | 1.3M | $2.0M | 0.7% | +4.1% |
| AAPL APPLE INC | Technology | 7.1K | $1.8M | 0.6% | New |
| ZVIA ZEVIA PBC-A | Consumer staples | 1.3M | $1.5M | 0.5% | New |
| SKYX SKYX PLATFORMS CORP | Industrials | 1.2M | $1.3M | 0.5% | New |
| MA MASTERCARD INC - A | Services media | 1.0K | $500K | 0.2% | New |
| STGW STAGWELL INC | Services media | 79.0K | $497K | 0.2% | New |
| AMZN AMAZON.COM INC | Consumer discretionary | 2.1K | $444K | 0.2% | New |
| TSLA TESLA INC | Industrials | 758 | $282K | 0.1% | New |
| V VISA INC-CLASS A SHARES | Services media | 800 | $242K | 0.1% | New |
| DOUG DOUGLAS ELLIMAN INC | Real estate | 15.5K | $25K | 0.0% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 18, 2026 | 36 | $278.0M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 18, 2026 | 31 | $329.4M | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 30 | $299.1M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 15, 2025 | 27 | $261.4M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR/ARESTATEMENT | Jun 13, 2025 | 23 | $248.2M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 15, 2025 | 23 | $247.8M | SEC ↗ | |
| Q4 2024 | 13F-HR | Jan 16, 2025 | 25 | $268.7M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 16, 2024 | 21 | $187.5M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR/ARESTATEMENT | Aug 22, 2024 | 22 | $161.6M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 22 | $161.3M | SEC ↗ | |
| Q1 2024 | 13F-HR/ARESTATEMENT | Sep 6, 2024 | 18 | $157.5M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR/ARESTATEMENT | Aug 22, 2024 | 22 | $161.6M | SEC ↗ | |
| Q1 2024 | 13F-HR/ANEW HOLDINGS | Aug 8, 2024 | 14 | $134.5M | SEC ↗ | |
| Q1 2024 | 13F-HR | Jul 18, 2024 | 10 | $25.1M | SEC ↗ |
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