---
title: "David L. Kanen Discloses Investment in Allot Ltd. with 9.8% Stake"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290881640.md"
description: "David L. Kanen disclosed a 9.8% stake in Allot Ltd. via Schedule 13D on June 25, 2026. Following recent discussions with management and Allot's $40 million buyback plan, Kanen shifted to a passive investment stance, intending to file future reports on Schedule 13G rather than seeking control changes."
datetime: "2026-06-25T21:16:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290881640.md)
  - [en](https://longbridge.com/en/news/290881640.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290881640.md)
---

# David L. Kanen Discloses Investment in Allot Ltd. with 9.8% Stake

David L. Kanen, managing member of Kanen Wealth Management, reported a 9.8% stake in Allot Ltd. as of June 25, 2026. The group disclosed the position in a Schedule 13D after recent talks with Allot’s management and board. Following Allot’s new $40 million buyback plan, Kanen signaled a shift to a passive stance.

**Investor Intent**

Kanen engaged Allot’s leadership on ways to create value, then pivoted after Allot authorized a $40 million share repurchase on June 23, 2026. The filing states the group "no longer hold securities of the Issuer with a purpose or effect of changing or influencing control of the Issuer" and will "make future filings... on Schedule 13G."

Kanen may still adjust the position over time and could buy or sell shares in the market. The group plans to keep reviewing Allot’s performance and strategy while remaining open to further dialogue with the company.

**Investor's Background**

David L. Kanen leads Kanen Wealth Management, a Florida-based investment firm that invests through vehicles including Philotimo Fund, LP and separately managed accounts. The firm focuses on concentrated, value-driven positions in smaller public companies and often engages with boards on strategy and capital allocation. Kanen actively seeks operational improvements and capital return policies to drive shareholder returns.

Original SEC Filing: Allot Ltd. \[ ALLT \] - SCHEDULE 13D - Jun. 25, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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