KC
Keenan Capital, LLC: 13F Stock Holdings & Portfolio (Q2 2026)
Keenan Capital, LLCCIK: 0001647363
Sector-focusedMomentum followerQuality / disciplined sizing
Total reported value
$505.8M
Reporting period: 2026-06-30 · Number of holdings: 11
Keenan Capital, LLC disclosed 11 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $505.8M and a quarterly turnover rate of 40.7%.
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Personality snowflake
- Concentration
- 43.94
- Portfolio Stability
- 40.69
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 22
- Sizing Uniformity
- 95.21
Keenan Capital, LLC's disclosed holdings carry a Herfindahl concentration index of 0.110 — mathematically equivalent to about 9 equally-sized positions, close to its 11 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.48), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 6.7 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 69% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNew buy TOST
New buy GOOG
Sold out CWAN
New buy AMZN
Trim WDAY
-37.4% -$18.0M
Trim SAIL
-33.2% -$14.8M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | APP | Applovin Corp-class A | Stock-Tech | 19.48% | +3.42% | — | |
| 2 | GLBE | Global-E Online Ltd. | Stock-Other | 13.43% | +1.29% | +4.83% | |
| 3 | APPF | Appfolio Inc - A | Stock-Tech | 10.61% | -0.53% | — | |
| 4 | DT | Dynatrace Inc | Stock-Tech | 9.78% | -3.08% | -31.64% | |
| 5 | ARX | Accelerant Holdings | Stock-Other | 9.25% | -2.01% | — | |
| 6 | SAIL | Sailpoint Inc | Stock-Other | 8.28% | -3.68% | -33.15% | |
| 7 | GDDY | Godaddy Inc - Class A | Stock-Tech | 7.85% | -2.69% | -22.58% | |
| 8 | TOST | Toast Inc-class A | Stock-Tech | 6.14% | +6.14% | NEW | |
| 9 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 5.31% | +5.31% | NEW | |
| 10 | WDAY | Workday Inc-class A | Stock-Tech | 5.11% | -4.14% | -37.36% | |
| 11 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 4.76% | +4.76% | NEW |
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Portfolio Performance
Performance for Q3 2026
+9.2%
Performance Last 4 Quarters
-0.4%
- Stdev
- +39.7%
- Beta
- +1.73
- Alpha
- +0.7%
- Max Drawdown
- -34.9%
- Annualized Perf
- +32.2%
- Batting Avg vs S&P
- +47.2%
- Sortino
- +1.92
- Stutzer
- +0.27
- Treynor
- +0.2
- Sterling
- +1.04
- Calmar
- +0.92
- Information Ratio
- +0.45
- Tracking Error
- +34.2%
- Stdev Down
- +18.4%
- Winning Months %
- +58.3%
- Losing Months %
- +41.7%
- Best 12 Months
- +134.6%
- Worst 12 Months
- -23.9%
- Efficiency Ratio
- +0.43
- Sharpe
- +0.89
- Stdev Sectors
- +36.8%
- Skewness
- +1.12
- Kurtosis
- +2.79
- Upside Potential
- +3.71
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 11 | $505.8M | 41 | ||
| 2026 Q1 | 9 | $473.9M | 57 | ||
| 2025 Q4 | 9 | $549.0M | 50 | ||
| 2025 Q3 | 8 | $512.3M | 37 | ||
| 2025 Q2 | 8 | $428.3M | 0 | ||
| 2025 Q1 | 10 | $434.9M | 100 | ||
| 2024 Q4 | 10 | $495.0M | 0 | ||
| 2024 Q3 | 9 | $451.6M | 0 | ||
| 2024 Q2 | 9 | $408.4M | 0 | ||
| 2024 Q1 | 9 | $390.4M | 0 | ||
| 2023 Q4 | 9 | $424.3M | 0 | ||
| 2023 Q3 | 10 | $566.6M | 0 | ||
| 2023 Q2 | 10 | $558.3M | 0 | ||
| 2023 Q1 | 12 | $550.9M | 0 | ||
| 2022 Q4 | 12 | $498.6M | 0 | ||
| 2022 Q3 | 12 | $526.4M | 0 | ||
| 2022 Q2 | 11 | $525.5M | 0 | ||
| 2022 Q1 | 13 | $714.7M | 0 | ||
| 2021 Q4 | 15 | $791.8M | 0 | ||
| 2021 Q3 | 15 | $720.7M | 0 | ||
| 2021 Q2 | 14 | $729.6M | 90 | ||
| 2021 Q1 | 13 | $601.4M | 14 | ||
| 2020 Q4 | 13 | $617.6M | 28 | ||
| 2020 Q3 | 13 | $498.1M | 28 | ||
| 2020 Q2 | 13 | $507.3M | 36 | ||
| 2020 Q1 | 14 | $366.2M | 25 | ||
| 2019 Q4 | 13 | $304.4M | 37 | ||
| 2019 Q3 | 15 | $275.6M | 24 | ||
| 2019 Q2 | 12 | $249.9M | 20 | ||
| 2019 Q1 | 12 | $229.8M | 39 | ||
| 2018 Q4 | 13 | $183.2M | 27 | ||
| 2018 Q3 | 14 | $222.4M | 37 | ||
| 2018 Q2 | 15 | $212.6M | 39 | ||
| 2018 Q1 | 14 | $171.4M | 28 | ||
| 2017 Q4 | 12 | $137.6M | 0 |
Holding changes this quarter
Keenan Capital, LLC's most significant position changes for 2026-06-30: New buy: Toast Inc-class A (TOST); New buy: Alphabet Inc-cl C (GOOG); New buy: Amazon.com Inc (AMZN); Sold out: Clearwater Analytics Holdings, Inc. (CWAN); Trim: Workday Inc-class A (WDAY) — shares -37.36%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | TOST | Toast Inc-class A | +6.1% | NEW | New buy |
| 2 | GOOG | Alphabet Inc-cl C | +5.3% | NEW | New buy |
| 3 | AMZN | Amazon.com Inc | +4.8% | NEW | New buy |
| 4 | APP | Applovin Corp-class A | +3.4% | — | Unchanged |
| 5 | GLBE | Global-E Online Ltd. | +1.3% | +4.83% | Add |
| 6 | APPF | Appfolio Inc - A | -0.5% | — | Unchanged |
| 7 | ARX | Accelerant Holdings | -2% | — | Unchanged |
| 8 | GDDY | Godaddy Inc - Class A | -2.7% | -22.58% | Trim |
| 9 | DT | Dynatrace Inc | -3.1% | -31.64% | Trim |
| 10 | SAIL | Sailpoint Inc | -3.7% | -33.15% | Trim |
| 11 | WDAY | Workday Inc-class A | -4.1% | -37.36% | Trim |
| 12 | CWAN | Clearwater Analytics Holdings, Inc. | -4.8% | EXIT | Sold out |
Filing History
FAQ
What is Keenan Capital, LLC and what type of investor is it?
Keenan Capital, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $505.8M, spread across 11 disclosed positions.
What are Keenan Capital, LLC's largest equity positions?
Based on the latest 13F filing, Keenan Capital, LLC's top holdings by market value are:
1. Applovin Corp-class A (APP) — $98.5M (19.5%)
2. Global-E Online Ltd. (GLBE) — $67.9M (13.4%)
3. Appfolio Inc - A (APPF) — $53.6M (10.6%)
4. Dynatrace Inc (DT) — $49.5M (9.8%)
5. Accelerant Holdings (ARX) — $46.8M (9.3%)
What changes did Keenan Capital, LLC make in its most recent portfolio filing?
In the latest reported quarter, Keenan Capital, LLC made 9 notable position adjustments: 3 new positions were initiated, 1 existing holdings were added to, 4 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: Toast Inc-class A (TOST); New buy: Alphabet Inc-cl C (GOOG); New buy: Amazon.com Inc (AMZN); Sold out: Clearwater Analytics Holdings, Inc. (CWAN); Trim: Workday Inc-class A (WDAY) — shares -37.36%
What sectors does Keenan Capital, LLC focus on?
Keenan Capital, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 85.4%
• Communication Services: 7.7%
• Consumer Discretionary: 6.9%
Investment Profile
Keenan Capital, LLC returned an annualized 32.2% over the trailing 36 months — outperforming the S&P 500 by 0.7 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.73 (more volatile than the market) and a 47% quarterly batting average against the index.
Its portfolio is moderately concentrated and moderately active, with 85.4% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 41 over the past 4 quarters — a shift toward more active trading.
It has trimmed its WDAY position for two straight quarters, cutting it by $42.7M while still holding $25.9M.
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Developer Access
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