Q4 2025 · 13F-HR
Keenan Capital, LLCholdings as filed
Filed 2026-02-13 · accession 0001420506-26-000341
$549.0M
Reported value
9
Positions
2025-12-31
Period end
The Brief · Keenan Capital, LLC · Q4 2025
AI · grounded in 13F
Keenan Capital, LLC established a new position in CWAN valued at $88.3M. The fund also initiated a new stake in ACCELERANT HOLDINGS for $51.3M and increased its holdings in GDDY by 10.4%. These additions offset the closure of its position in MERIDIANLINK INC, which resulted in a $56.1M reduction.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 03831W108 | APP | APPLOVIN CORP | $119.1M | 21.7% | 176,725 | Common | SOLE |
| 185123106 | CWAN | CLEARWATER ANALYTICS HLDGS I | $88.3M | 16.1% | 3,660,973 | Common | SOLE |
| M5216V106 | GLBE | GLOBAL E ONLINE LTD | $73.3M | 13.4% | 1,865,262 | Common | SOLE |
| 98138H101 | WDAY | WORKDAY INC | $68.6M | 12.5% | 319,241 | Common | SOLE |
| 380237107 | GDDY | GODADDY INC | $67.6M | 12.3% | 545,031 | Common | SOLE |
| 268150109 | DT | DYNATRACE INC | $62.9M | 11.5% | 1,450,534 | Common | SOLE |
| G00894108 | ARX | ACCELERANT HOLDINGS | $51.3M | 9.35% | 3,139,980 | Common | SOLE |
| 47074L105 | JAMF | JAMF HLDG CORP | $14.6M | 2.65% | 1,120,000 | Common | SOLE |
| 78781J109 | SAIL | SAILPOINT INC | $3.3M | 0.61% | 164,515 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.