Keenan Capital 13F annual report

Keenan Capital is an investment fund managing more than $408 billion ran by Alex Prywes. There are currently 9 companies in Mr. Prywes’s portfolio. The largest investments include Godaddy Inc and Applovin Corp - Class A, together worth $129 billion.

$408 billion Assets Under Management (AUM)

As of 7th August 2024, Keenan Capital’s top holding is 470,652 shares of Godaddy Inc currently worth over $65.8 billion and making up 16.1% of the portfolio value. Relative to the number of outstanding shares of Godaddy Inc, Keenan Capital owns more than approximately 0.1% of the company. In addition, the fund holds 758,290 shares of Applovin Corp - Class A worth $63.1 billion. The third-largest holding is Meridianlink, Inc worth $58.2 billion and the next is Workday Inc-class A worth $47.9 billion, with 214,179 shares owned.

Currently, Keenan Capital's portfolio is worth at least $408 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Keenan Capital

The Keenan Capital office and employees reside in Burlingame, California. According to the last 13-F report filed with the SEC, Alex Prywes serves as the Director of Operations and Chief Compliance Officer at Keenan Capital.

Recent trades

In the most recent 13F filing, Keenan Capital revealed that it had opened a new position in Global-e Online Ltd and bought 838,021 shares worth $30.4 billion.

The investment fund also strengthened its position in Meridianlink, Inc by buying 161,742 additional shares. This makes their stake in Meridianlink, Inc total 2,727,011 shares worth $58.2 billion.

On the other hand, there are companies that Keenan Capital is getting rid of from its portfolio. Keenan Capital closed its position in Datadog Inc on 14th August 2024. It sold the previously owned 237,438 shares for $29.3 billion. Alex Prywes also disclosed a decreased stake in Applovin Corp - Class A by 0.2%. This leaves the value of the investment at $63.1 billion and 758,290 shares.

One of the smaller hedge funds

The two most similar investment funds to Keenan Capital are Fund Management At Engine No. 1 and G2 Investment Partners Management. They manage $409 billion and $408 billion respectively.

Alex Prywes investment strategy

Keenan Capital’s portfolio is diversified across 2 sectors. Currently, their heaviest sector is Technology — making up 43.5% of the total portfolio value. The fund focuses on investments in the United States as 44.4% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 22% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $7.98 billion.

The complete list of Keenan Capital trades based on 13F SEC filings

These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Godaddy Inc	No change 470,652	$65,754,791,000	16.10%
Applovin Corp - Class A	17.85% 758,290	$63,104,894,000	15.45%
Meridianlink, Inc	6.31% 2,727,011	$58,248,955,000	14.26%
Workday Inc-class A	12.03% 214,179	$47,859,501,000	11.72%
Dynatrace Inc	18.75% 1,007,072	$45,056,401,000	11.03%
Smartsheet Inc	No change 953,433	$42,027,327,000	10.29%
Jamf Holding Corp	No change 1,899,398	$31,340,067,000	7.67%
Global-e Online Ltd	Opened 838,021	$30,395,022,000	7.44%
Datadog Inc	Closed 237,438	$29,347,337,000
Ncino, Inc.	2.87% 784,095	$24,659,788,000	6.04%
No transactions found
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