Keenan Capital, LLC

CIK

1647363

Location

BURLINGAME, CA

Portfolio Value

Small $473,866,411

Diversification

Diversified

Filing Date

Global Rank

#2,700 / 8,605 ▼ 137 · as of Mar 2026

Top Industry

Software - Application 38.0%

3Y Alpha vs SPY

+11.2%

Period ended 3 months ago

Filed May 15, 2026 · 55d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+129.8%

SPY

+76.5%

Annualised alpha

+11.1%

Max drawdown

−40.8%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

9 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

16.1%

−6.2 pts

Top 5

64.3%

−13.7 pts

Top 10

100.0%

0.0 pts

HHI

1,184

Diversified−329

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	60.5%	$286,870,078	6
Communication Services	16.1%	$76,107,550	1
Consumer Cyclical	12.1%	$57,543,332	1
Financial Services	11.3%	$53,345,451	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

6 positions

Ticker	Company	Δ Shares	Shares	Value
SAIL	SailPoint, Inc.	+4,116,896	4,281,411	$56,685,881
ARX	Accelerant Holdings	+852,943	3,992,923	$53,345,451
DT	Dynatrace, Inc.	+197,000	1,647,534	$60,925,807
GDDY	GoDaddy Inc.	+59,000	604,031	$49,935,242
WDAY	Workday, Inc.	+18,000	337,241	$43,814,350
APP	AppLovin Corp	+14,500	191,225	$76,107,550
No positions match the current search.

Trimmed

Positions the filer reduced

1 positions

Ticker	Company	Δ Shares	Shares	Value	Open
CWAN	Clearwater Analytics Holdings, Inc.	−2,700,761	960,212	$22,709,013
No positions match the current search.

New Positions

Positions the filer opened this quarter

1 positions

Ticker	Company	Shares	Value	Open
APPF	Appfolio Inc	334,557	$52,799,785
No positions match the current search.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

9 positions · $473,866,411 total · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Financial Services Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
APP	AppLovin Corp Communication Services	Added	191,225	+14,500	$76,107,550	−36.1%	16.06%
DT	Dynatrace, Inc. Technology	Added	1,647,534	+197,000	$60,925,807	−3.1%	12.86%
GLBE	Global-E Online Ltd. Consumer Cyclical	Held	1,865,262	0	$57,543,332	−21.5%	12.14%
SAIL	SailPoint, Inc. Technology	Added	4,281,411	+4,116,896	$56,685,881	+1603.2%	11.96%
ARX	Accelerant Holdings Financial Services	Added	3,992,923	+852,943	$53,345,451	+3.9%	11.26%
APPF	Appfolio Inc Technology	NEW	334,557	NEW	$52,799,785	NEW	11.14%
GDDY	GoDaddy Inc. Technology	Added	604,031	+59,000	$49,935,242	−26.2%	10.54%
WDAY	Workday, Inc. Technology	Added	337,241	+18,000	$43,814,350	−36.1%	9.25%
CWAN	Clearwater Analytics Holdings, Inc. Technology	Reduced	960,212	-2,700,761	$22,709,013	−74.3%	4.79%