Keenan Capital, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Keenan Capital, LLC reported 8 stock positions worth $512.3 million. Its top holding was AppLovin Class A (APP) at 28.9% of the portfolio, followed by Workday Class A (WDAY, 13.7%) and Dynatrace (DT, 13.7%). Compared with Q2 2025, it added to 4 and reduced 1. The biggest buy was Jamf (JAMF, shares +20%) and the biggest sale AppLovin Class A (APP, shares −23%).
- Most Recent 13F
- Q2 2026
- Location
- BURLINGAME, CA
- CIK
- 0001647363
- Portfolio Value
- $512.3M (Q3 2025)
- SEC Filing
- 0001420506-25-003270 ↗ filed Nov 14, 2025
Holdings Value
Holdings 8 stocks · $512.3M
| APP AppLovin Corp. Class A | 28.85% | 205,710 | $147.8M | Reduce -22.8% |
| WDAY Workday Inc. Class A | 13.73% | 292,281 | $70.4M | Add +19.6% |
| DT Dynatrace Inc. | 13.72% | 1,450,534 | $70.3M | Add +36.8% |
| GDDY GoDaddy Inc. Class A | 13.18% | 493,531 | $67.5M | Add +5.3% |
| GLBE Global-E Online Ltd. | 12.35% | 1,769,274 | $63.3M | No change |
| MLNK Meridianlink Inc. | 10.95% | 2,815,242 | $56.1M | No change |
| JAMF Jamf Holding Corp. filed as JAMF HLDG CORP | 6.50% | 3,111,125 | $33.3M | Add +20.1% |
| SAIL Sailpoint Inc. | 0.71% | 164,515 | $3.6M | No change |
Portfolio Sells Q2 2025 → Q3 2025
| APP AppLovin Corp. Class A | Reduce -22.8% | 28.85% | +7.07 |
Portfolio Buys Q2 2025 → Q3 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 11 | $505.8M | APP, GLBE, APPF, DT, ARX |
| Q1 2026 | 9 | $473.9M | APP, DT, GLBE, SAIL, ARX |
| Q4 2025 | 9 | $549.0M | APP, CWAN, GLBE, WDAY, GDDY |
| Q3 2025 | 8 | $512.3M | APP, WDAY, DT, GDDY, GLBE |
| Q2 2025 | 8 | $428.3M | APP, GDDY, GLBE, WDAY, DT |
| Q1 2025 | 10 | $434.9M | GDDY, APP, WDAY, GLBE, MLNK |
| Q4 2024 | 10 | $495.0M | GDDY, GLBE, WDAY, APP, DT |
| Q3 2024 | 9 | $451.6M | GDDY, APP, DT, MLNK, WDAY |
| Q2 2024 | 9 | $408.4M | GDDY, APP, MLNK, WDAY, DT |
| Q1 2024 | 9 | $390.4M | APP, GDDY, WDAY, MLNK, DT |