Managers / Q4 2025 · view latest →

Keenan, LLC

CIK 0002111703 · 7 BULFINCH PL, SUITE 302, BOSTON, MA, 02114 · (978) 270-1193

Reported Value

$109M

Q4 2025

Positions

Filings on Record

2019–present window

Filed

Feb 20, 2026

original filing

Summary

Keenan, LLC reported $109M in U.S.-listed holdings across 40 positions for Q4 2025.

Its largest position, Ishares Tr, represents 13.2% of the portfolio.

Portfolio Metrics

Top-10 Concentration

+75.1%

share of reported value

Largest Position

+13.2%

Ishares Tr

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value

Portfolio Composition

By security type

ETP · 95.0% · $104M
Common Stock · 4.3% · $5M
ADR · 0.6% · $689,662

Quarter-over-Quarter Changes full breakdown →

Issuer	Move	Share Δ	Shares now	Value Δ	Value now
ISHARES TR	NEW	+38	38	+$14M	$14M
FIDELITY COVINGTON TRUST	NEW	+30	30	+$11M	$11M
ISHARES TR	NEW	+16	16	+$11M	$11M
CGDVUSD CAPITAL GROUP DIVIDEND VALUE	NEW	+32	32	+$8M	$8M
FIDELITY COVINGTON TRUST	NEW	+169	169	+$8M	$8M
ISHARES TR	NEW	+33	33	+$7M	$7M
ISHARES TR	NEW	+505	505	+$7M	$7M
FIDELITY COMWLTH TR	NEW	+51	51	+$6M	$6M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2025

22 positions

Export to Excel

#	Issuer	Class	% Portfolio	Value ↓	Shares
1	ISHARES TR	CORE S&P500 ETF · CORE S&P US VLU · CORE S&P MCP ETF · CORE DIV GRWTH · S&P 500 GRWT ETF · CORE S&P US GWT · CORE S&P SCP ETF · S&P MC 400GR ETF · S&P MC 400VL ETF · CORE US AGGBD ET · SP SMCP600VL ETF · S&P SML 600 GWT · CORE UNIVRSL USD · CORE MSCI EAFE · MSCI EAFE MIN VL · NATIONAL MUN ETF	59.63%	$65M	2.0K
2	FIDELITY COVINGTON TRUST	BLUE CHIP GRWTH · FUNDAMENTAL SMAL	17.68%	$19M	199
3	CGDVUSD CAPITAL GROUP DIVIDEND VALUE history →	SHS CREATION UNI	7.74%	$8M	32
4	FIDELITY COMWLTH TR	NASDAQ COMPSIT	5.58%	$6M	51
5	PGIM ETF TR	ACTV HY BD ETF	1.94%	$2M	35
6	SCHWAB STRATEGIC TR	US LCAP GR ETF · US LRG CAP ETF · FUNDAMENTAL US L	1.11%	$1M	1.6K
7	ISHARES INC	CORE MSCI EMKT	0.96%	$1M	3
8	NVDA NVIDIA CORPORATION	COM	0.79%	$860,712	10
9	AAPL APPLE INC	COM	0.73%	$792,256	4
10	AMZN AMAZON COM INC	COM	0.65%	$708,617	374
11	CHWY CHEWY INC	CL A	0.40%	$439,532	13.3K
12	AZNN ASTRAZENECA PLC	SPONSORED ADR	0.38%	$416,634	4.3K
13	IM8N INSMED INC	COM PAR $.01	0.34%	$369,139	2.1K
14	BFLY BUTTERFLY NETWORK INC	COM CL A	0.31%	$338,865	89.2K
15	AMD ADVANCED MICRO DEVICES INC	COM	0.31%	$338,801	1
16	MSFT MICROSOFT CORP	COM	0.28%	$306,407	49
17	JNJ JOHNSON & JOHNSON	COM	0.26%	$284,278	30
18	TAKEDA PHARMACEUTICAL CO LTD	SPONSORED ADS	0.25%	$273,028	10.9K
19	META META PLATFORMS INC	CL A	0.22%	$245,072	119
20	SPDR SERIES TRUST	STATE STREET SPD	0.20%	$213,378	31
21	VANGUARD INDEX FDS	TOTAL STK MKT	0.19%	$212,071	5
22	CLNE CLEAN ENERGY FUELS CORP	COM	0.05%	$52,743	25.1K

Filing History

Quarter	Reported Value	Positions	Filed	Type	Links
Q1 2026	$119M	42	Apr 23, 2026	13F-HR	changes · EDGAR ↗
Q4 2025	$109M	40	Feb 20, 2026	13F-HR	changes · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.