Kanen Wealth Management 13F annual report
Kanen Wealth Management is an investment fund managing more than $162 billion ran by Steve Solano. There are currently 21 companies in Mr. Solano’s portfolio. The largest investments include EZCorp and Compass, together worth $51.3 billion.
$162 billion Assets Under Management (AUM)
As of 2nd September 2024, Kanen Wealth Management’s top holding is 2,478,147 shares of EZCorp currently worth over $25.9 billion and making up 16.1% of the portfolio value.
Relative to the number of outstanding shares of EZCorp, Kanen Wealth Management owns more than approximately 0.1% of the company.
In addition, the fund holds 7,037,594 shares of Compass worth $25.4 billion, whose value fell approximately 0.1% in the past six months.
The third-largest holding is ONE Hospitality Inc worth $20.3 billion and the next is Caesars Entmt Inc worth $18 billion, with 452,698 shares owned.
Currently, Kanen Wealth Management's portfolio is worth at least $162 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 Kanen Wealth Management
The Kanen Wealth Management office and employees reside in Coconut Creek, Florida. According to the last 13-F report filed with the SEC, Steve Solano serves as the Regulatory Compliance Consultant at Kanen Wealth Management.
Recent trades
In the most recent 13F filing, Kanen Wealth Management revealed that it had opened a new position in
EZCorp and bought 2,508,000 shares worth $2.87 billion.
This means they effectively own approximately 0.1% of the company.
EZCorp makes up
9.8%
of the fund's Finance sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in eGain Corp by buying
121,230 additional shares.
This makes their stake in eGain Corp total 2,488,372 shares worth $15.7 billion.
eGain Corp dropped approximately 0.1% in the past year.
On the other hand, Steve Solano disclosed a decreased stake in Compass by approximately 0.1%.
This leaves the value of the investment at $25.4 billion and 7,037,594 shares.
One of the smallest hedge funds
The two most similar investment funds to Kanen Wealth Management are Mn Wealth Advisors and Serenity Capital Management Pte. Ltd. They manage $162 billion and $162 billion respectively.
Steve Solano investment strategy
Kanen Wealth Management’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Technology — making up 25.6% of
the total portfolio value.
The fund focuses on investments in the United States as
52.4% 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
29% 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 $455 billion.
The complete list of Kanen Wealth Management trades based on 13F SEC filings
These positions were updated on September 9th 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 |
|---|---|---|---|
| EZCorp, Inc. |
No change
2,478,147
|
$25,946,199,000 | 16.06% |
| Compass, Inc. |
0.13%
7,037,594
|
$25,353,040,000 | 15.69% |
| ONE Group Hospitality Inc |
1.12%
4,820,722
|
$20,284,319,000 | 12.55% |
| Caesars Entmt Inc |
0.10%
452,698
|
$17,990,219,000 | 11.13% |
| eGain Corp |
5.12%
2,488,372
|
$15,701,627,000 | 9.72% |
| Inspired Entmt |
2.03%
1,327,779
|
$12,149,178,000 | 7.52% |
| The Realreal Inc |
217.54%
3,213,096
|
$10,249,776,000 | 6.34% |
| Biote Corp Cl A |
22.69%
1,151,094
|
$8,598,672,000 | 5.32% |
| Natuzzi Spa Adr |
42.75%
1,555,631
|
$7,622,592,000 | 4.72% |
| Mammoth Energy |
9.36%
1,323,442
|
$4,340,890,000 | 2.69% |
| EZCorp, Inc. |
Opened
2,508,000
|
$2,874,655,000 | 1.78% |
| Camping World Hlds |
Opened
150,455
|
$2,687,126,000 | 1.66% |
| Data I O |
No change
834,421
|
$2,303,002,000 | 1.43% |
| Chevron Corp. |
Opened
10,000
|
$1,564,200,000 | 0.97% |
| Apple Inc |
Opened
7,100
|
$1,495,402,000 | 0.93% |
| Us Global Investors |
No change
456,885
|
$1,192,470,000 | 0.74% |
| Mastercard Incorporated |
No change
1,000
|
$441,160,000 | 0.27% |
| Amazon.com Inc. |
1.50%
1,756
|
$339,347,000 | 0.21% |
| Microsoft Corporation |
2.36%
521
|
$232,861,000 | 0.14% |
| Visa Inc |
No change
800
|
$209,976,000 | 0.13% |
| Stran & Co Inc |
Opened
16,206
|
$18,151,000 | 0.01% |
| No transactions found | |||
| Showing first 500 out of 21 holdings | |||
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