Keenan Capital, LLC
Long book
$473.9M
Q1 2026
Positions
9
Top-10 weight
100%
concentration
Last quarter
+15.2%
SPY +14.8%
Turnover
20%
of book per quarter
Strategy in plain words
auto-generated from filingsKeenan Capital, LLC is a concentrated fundamental stock-picker, specialised in technology (88% of the long book), running a $473.9M US long book across 9 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: APPLOVIN CORP-CLASS A, DYNATRACE INC, GLOBAL-E ONLINE LTD, SAILPOINT INC, ACCELERANT HOLDINGS-CL A.
Over the last 9 quarters its long book ran on average 2.5pp per quarter ahead of the S&P 500, beating the index in 4 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
+3.2%
Q2 2024
+21.4%
Q3 2024
+45.9%
Q4 2024
-16.7%
Q1 2025
+8.7%
Q2 2025
+20.9%
Q3 2025
-5.8%
Q4 2025
-30.0%
Q1 2026
+15.2%
Sector allocation
Technology 88%
Financials 12%
Long book by quarter
What does Keenan Capital, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| APP APPLOVIN CORP-CLASS A | Technology | 191.2K | $76.1M | 16.1% | +8.2% |
| DT DYNATRACE INC | Technology | 1.6M | $60.9M | 12.9% | +13.6% |
| GLBE GLOBAL-E ONLINE LTD | Technology | 1.9M | $57.5M | 12.1% | Held |
| SAIL SAILPOINT INC | Technology | 4.3M | $56.7M | 12.0% | +2502.4% |
| ARX ACCELERANT HOLDINGS-CL A | Financials | 4.0M | $53.3M | 11.3% | +27.2% |
| APPF APPFOLIO INC - A | Technology | 334.6K | $52.8M | 11.1% | New |
| GDDY GODADDY INC - CLASS A | Technology | 604.0K | $49.9M | 10.5% | +10.8% |
| WDAY WORKDAY INC-CLASS A | Technology | 337.2K | $43.8M | 9.2% | +5.6% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 9 | $473.9M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 9 | $549.0M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 8 | $512.3M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 8 | $428.3M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 10 | $434.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 10 | $495.0M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 9 | $451.6M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 9 | $408.4M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 9 | $390.4M | canonical | SEC ↗ |