Keenan, LLC
- SEC CIK
- 0002111703
- Latest filing
- Aug 7, 2026
The latest 13F from Keenan, LLC covers Q2 2026 (filed Aug 7, 2026): 45 long positions worth $141.6M. The top 10 holdings make up 81.2% of the portfolio, and the largest is Fidelity Covington Trust at 16.8%. Livermore has 4 filings on Form 13F from this institution, going back to Q4 2025.
What changed in Q2 2026
Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.
- New
- 5
- Est. +$1.69M
- Added
- 15
- Est. +$9.97M
- Reduced
- 22
- Est. −$4.76M
- Sold out
- 2
- Est. −$575.6K
Top 5 holdings
Share of this quarter's portfolio value
- Fidelity Covington Trust31609235216.8%$23.8M
- iShares Core S&P 500 ETF46428720014.3%$20.3M
- iShares Core S&P US Value ETF46428766310.3%$14.6M
- Capital Group Dividend Value14020W1069.7%$13.7M
- Fidelity Covington Trust3160922958.3%$11.8M
Share of portfolio
Top 5 holdings and the other 40 positions, by share of portfolio value
- Fidelity Covington Trust16.8%
- iShares Core S&P 500 ETF14.3%
- iShares Core S&P US Value ETF10.3%
- Capital Group Dividend Value9.7%
- Fidelity Covington Trust8.3%
- Other 40 positions40.6%
Biggest buys
New and added positions, by estimated amount bought
- Fidelity Covington Trust316092352+$3.78MAdded
- iShares Core S&P 500 ETF464287200+$1.53MAdded
- iShares Core S&P US Value ETF464287663+$1.35MAdded
- Capital Group Dividend Value14020W106+$1.17MAdded
- Fidelity Merrimack STR Tr316188309+$862.2KAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- Fidelity Covington Trust316092352+2.98 pp13.8% → 16.8%
- Capital Group Dividend Value14020W106+0.58 pp9.1% → 9.7%
- Fidelity Covington Trust316092295+0.52 pp7.8% → 8.3%
- iShares Core S&P 500 ETF464287200+0.46 pp13.9% → 14.3%
- MRCYMercury Systems Inc
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- Fidelity Comwlth Tr315912808−$545.1KReduced
- iShares S&P Mid-Cap 400 Growth ETF464287606−$433.7KReduced
- iShares Core Dividend Growth ETF46434V621−$428.1KReduced
- iShares S&P Mid-Cap 400 Value ETF464287705−$403.2KReduced
- iShares S&P 500 Growth ETF464287309−$384.8KReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- iShares Core Dividend Growth ETF46434V621−0.71 pp4.7% → 4.0%
- iShares S&P Mid-Cap 400 Value ETF464287705−0.36 pp1.2% → 0.8%
- iShares Tr46434V613−0.36 pp0.6% → 0.3%
- iShares S&P Mid-Cap 400 Growth ETF464287606−0.33 pp1.2% → 0.9%
- BFLYButterfly Network, Inc.
Metrics
13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $141.6M
- +$23.0M (+19.4%) vs. prior quarter
- Positions
- 45
- +3 vs. prior quarter
- Top 10 concentration
- 81.2%
- Top 10 as share of value
- Turnover
- 4.1%
- Q2 2026, one quarter
- Average holding period
- 3.0 quarters
- Weighted by value
How these are calculated
- Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
- Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
- Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
- Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q4 2025), so positions held before then are understated.
13F filings by quarter
3 quarters, going back to Q4 2025. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $141.6M (Q2 2026)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | Aug 7, 2026 | 45 | $141.6M | Fidelity Covington TrustiShares Core S&P 500 ETFiShares Core S&P US Value ETF | vs. Q1 2026 | SEC |
| Q1 2026 | Apr 23, 2026 | 42 | $118.5M | iShares Core S&P 500 ETFFidelity Covington TrustiShares Core S&P US Value ETF | vs. Q4 2025 | SEC |
| Q4 2025 | Mar 4, 2026Amended | 41 | $113.7M | iShares Core S&P 500 ETFFidelity Covington TrustiShares Core S&P US Value ETF | – | SEC |