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Keenan Capital, LLC

CIK:0001647363
Investment Adviser
$428M AUM
8 holdings
Burlingame, CA, US
Founded:2012
5 employees
Latest filing:Jun 30, 2025

Keenan Capital, LLC is a registered investment adviser headquartered in Burlingame, California. Founded in March 2012 and owned by Charles J. Keenan IV, the firm manages investment advisory accounts and serves high net worth individuals and institutional investors. As of 2025, the firm employs approximately 5 employees and operates primarily within the United States.

Investment Strategy

Keenan Capital focuses primarily on long/short equity strategies with a specialization in technology and software-related companies. The firm builds a concentrated portfolio of 8-10 holdings, with its largest positions comprising companies in software, e-commerce, and enterprise technology. The investment philosophy emphasizes fundamental analysis, seeking out businesses with superior growth prospects and strong competitive advantages, while actively managing risk and adapting to market dynamics as part of their active management approach.

Latest 13F Filing Activity

Keenan Capital, LLC filed their most recent 13F report on Jun 30, 2025 disclosing 8 equity positions with a total 13F market value of $428M. The fund increased holdings in Applovin Corp., Dynatrace Inc., Global E Online LTD among other positions. Keenan Capital, LLC reduced exposure to Ncino Inc., Jamf HLDG Corp., Meridianlink Inc. among others.

Top Buys
A
APPAPPLOVIN CORP
+$22.9M
D
DTDYNATRACE INC
+$8.5M
J
JAMFJAMF HLDG CORP
-$6.8M
M
MLNKMERIDIANLINK INC
-$4.6M
G
GLBEGLOBAL E ONLINE LTD
+$2.4M
Top Sells
N
NCNONCINO INC
-$28.9M
A
APPAPPLOVIN CORP
+$22.9M
D
DTDYNATRACE INC
+$8.5M
J
JAMFJAMF HLDG CORP
-$6.8M
M
MLNKMERIDIANLINK INC
-$4.6M

Top Holdings

A
APPAPPLOVIN CORP
+21.8%$93.3M
G
GDDYGODADDY INC
+19.7%$84.4M
G
GLBEGLOBAL E ONLINE LTD
+13.9%$59.3M
W
WDAYWORKDAY INC
+13.7%$58.6M
D
DTDYNATRACE INC
+13.7%$58.5M

Equity Positions (8)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
APPLOVIN CORP21.79%$93.3M266,510$114.01$350.08+$22.9M
GODADDY INC19.70%$84.4M468,531$60.52$180.06-$37.5K
GLOBAL E ONLINE LTD13.86%$59.3M1,769,274$36.79$33.54+$2.4M
WORKDAY INC13.69%$58.6M244,281$178.44$240.00+$1.6M
DYNATRACE INC13.67%$58.5M1,060,279$37.43$55.21+$8.5M

Industry Allocation

SERVICES-PREPACKAGED SOFTWARE
+44.2%
SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
+28.9%
SERVICES-COMPUTER PROCESSING & DATA PREPARATION
+13.7%
SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN
+13.2%