Kanen Wealth Management and affiliated funds disclose 9.8% stake in Allot
David Kanen, Kanen Wealth Management LLC, Philotimo Fund LP, and Philotimo Focused Growth & Income Fund disclosed aggregate beneficial ownership of approximately 4.8 million shares (9.8% of class) in Allot Ltd. The reporting persons stated they have engaged with the issuer's management and board regarding value creation opportunities and reserve the right to engage in communications with management, make recommendations on board and capital structure, and pursue potential business combinations or dispositions, though they currently disclaim any present control-related purpose.
Key facts
- David Kanen: 4,793,041 shares, 9.8% of class
- Kanen Wealth Management LLC: 4,756,874 shares, 9.7% of class
- Philotimo Fund LP: 2,320,000 shares, 4.7% of class
- Philotimo Focused Growth & Income Fund: 1,200,000 shares, 2.5% of class
- Issuer announced June 23, 2026 share repurchase program of up to $40 million
- Reporting persons reserve right to engage with management on board structure, capital structure, and potential business combinations
Why it matters
The stake establishes Kanen as a significant shareholder with stated willingness to engage on strategic matters including board composition and potential M&A, giving the fund influence over Allot's governance and strategic direction.
Share
Derived from SCHEDULE 13D filed 2026-06-25. Not investment advice. View the source filing on SEC.gov →