Philotimo Fund and Kanen Wealth Management Report 9.8% Combined Stake in Allot Ltd.
On June 25, 2026, Philotimo Fund, LP filed a Schedule 13D reporting a 4.7% stake in Allot Ltd. (ALLT), consisting of 2,320,000 ordinary shares. This filing is part of a larger joint reporting group led by David L. Kanen and Kanen Wealth Management LLC (KWM), which collectively beneficially owns 4,793,041 shares, or approximately 9.8% of the company. The reporting persons recently engaged with Allotβs management and board regarding value creation opportunities. Following the issuer's June 23, 2026, announcement of a $40 million share repurchase program, the group stated they no longer intend to influence or change control of the issuer. Consequently, they plan to transition future filings to Schedule 13G. The shares were acquired using working capital and client funds based on the belief that the stock was undervalued. David L. Kanen also disclosed a previous September 2024 SEC settlement regarding late beneficial ownership filings, for which he paid a $109,000 penalty.