Keenan Capital, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Keenan Capital, LLC reported 9 stock positions worth $473.9 million. Its top holding was AppLovin Class A (APP) at 16.1% of the portfolio, followed by Dynatrace (DT, 12.9%) and Global-E Online (GLBE, 12.1%). Compared with Q4 2025, it opened 1 new position, sold out of 1, added to 6 and reduced 1. The biggest buy was Sailpoint (SAIL, shares +2502%) and the biggest sale Clearwater Analytics HDS-A (CWAN, shares −74%).
- Most Recent 13F
- Q2 2026
- Location
- BURLINGAME, CA
- CIK
- 0001647363
- Portfolio Value
- $473.9M (Q1 2026)
- SEC Filing
- 0001420506-26-001061 ↗ filed May 15, 2026
Holdings Value
Holdings 9 stocks · $473.9M
| APP AppLovin Corp. Class A | 16.06% | 191,225 | $76.1M | Add +8.2% |
| DT Dynatrace Inc. | 12.86% | 1,647,534 | $60.9M | Add +13.6% |
| GLBE Global-E Online Ltd. | 12.14% | 1,865,262 | $57.5M | No change |
| SAIL Sailpoint Inc. | 11.96% | 4,281,411 | $56.7M | Add +2502.4% |
| ARX Accelerant Holdings Class A | 11.26% | 3,992,923 | $53.3M | Add +27.2% |
| APPF Appfolio Inc. Class A | 11.14% | 334,557 | $52.8M | New |
| GDDY GoDaddy Inc. Class A | 10.54% | 604,031 | $49.9M | Add +10.8% |
| WDAY Workday Inc. Class A | 9.25% | 337,241 | $43.8M | Add +5.6% |
| CWAN Clearwater Analytics HDS-A | 4.79% | 960,212 | $22.7M | Reduce -73.8% |
Portfolio Sells Q4 2025 → Q1 2026
Portfolio Buys Q4 2025 → Q1 2026
| SAIL Sailpoint Inc. | Add +2502.4% | 11.96% | +11.36 |
| APPF Appfolio Inc. Class A | New | 11.14% | +11.14 |
| ARX Accelerant Holdings Class A | Add +27.2% | 11.26% | +1.91 |
| DT Dynatrace Inc. | Add +13.6% | 12.86% | +1.41 |
| GDDY GoDaddy Inc. Class A | Add +10.8% | 10.54% | −1.78 |
| WDAY Workday Inc. Class A | Add +5.6% | 9.25% | −3.24 |
| APP AppLovin Corp. Class A | Add +8.2% | 16.06% | −5.63 |
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 |