Keenan Capital, LLC Long-Term Concentrated

CIK: 0001647363 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 13, 2026

Total Value ($000): $549,005 (100.0% shares, 0.0% debt)

Holdings (9)

New Positions (2)

CWAN CLEARWATER ANALYTICS HLDGS I 16.1%

Value ($000) $88,303 Shares 3,660,973 Est. Cost $20.03 Unrealized 0.0%

ARX ACCELERANT HOLDINGS 9.4%

Value ($000) $51,339 Shares 3,139,980 Est. Cost $14.08 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CWAN	CLEARWATER ANALYTICS HLDGS I	3,660,973	$88,303	16.1%	$20.03	0.0%	CL A	185123106
ARX	ACCELERANT HOLDINGS	3,139,980	$51,339	9.4%	$14.08	0.0%	CL A	G00894108

Increased Positions (3)

GLBE GLOBAL E ONLINE LTD 13.4%

Value ($000) $73,323 (+15.9%) Shares 1,865,262 (+5.4%) Est. Cost $36.12 Unrealized +2.7%

WDAY WORKDAY INC 12.5%

Value ($000) $68,567 (-2.6%) Shares 319,241 (+9.2%) Est. Cost $202.47 Unrealized +12.2%

GDDY GODADDY INC 12.3%

Value ($000) $67,627 (+0.1%) Shares 545,031 (+10.4%) Est. Cost $71.82 Unrealized +80.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GLBE	GLOBAL E ONLINE LTD	1,865,262 (+5.4%)	$73,323 (+15.9%)	13.4%	$36.12	+2.7%	SHS	M5216V106
WDAY	WORKDAY INC	319,241 (+9.2%)	$68,567 (-2.6%)	12.5%	$202.47	+12.2%	CL A	98138H101
GDDY	GODADDY INC	545,031 (+10.4%)	$67,627 (+0.1%)	12.3%	$71.82	+80.2%	CL A	380237107

Exited Positions (1)

— MERIDIANLINK INC 10.2%

Value ($000) $56,108 Shares 2,815,242 Est. Cost $20.05 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	MERIDIANLINK INC	2,815,242	$56,108	10.2%	$20.05	—	—	58985J105

Decreased Positions (2)

APP APPLOVIN CORP 21.7%

Value ($000) $119,081 (-19.4%) Shares 176,725 (-14.1%) Est. Cost $138.69 Unrealized +354.3%

— JAMF HLDG CORP 2.7%

Value ($000) $14,571 (-56.2%) Shares 1,120,000 (-64.0%) Est. Cost $23.48 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
APP	APPLOVIN CORP	176,725 (-14.1%)	$119,081 (-19.4%)	21.7%	$138.69	+354.3%	COM CL A	03831W108
—	JAMF HLDG CORP	1,120,000 (-64.0%)	$14,571 (-56.2%)	2.7%	$23.48	—	COM	47074L105

Unchanged Positions (2)

DT DYNATRACE INC 11.5%

Value ($000) $62,866 Shares 1,450,534 Est. Cost $41.42 Unrealized +12.5%

SAIL SAILPOINT INC 0.6%

Value ($000) $3,328 Shares 164,515 Est. Cost $21.79 Unrealized -4.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DT	DYNATRACE INC	1,450,534	$62,866	11.5%	$41.42	+12.5%	COM NEW	268150109
SAIL	SAILPOINT INC	164,515	$3,328	0.6%	$21.79	-4.3%	COM	78781J109