Candelo Capital Management LP

Registered adviser

CIK

1845660

Location

NEW YORK, NY

Portfolio Value

Small $162,278,252

Diversification

Diversified

Filing Date

Global Rank

#7,167 / 8,827 ▲ 502

Top Industry

Specialty Industrial Machinery 11.4%

Period ended 4 months ago

Filed Aug 14, 2026 · 3mo

11 quarters · since Dec 2023

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 307389

Roster of Nov 1, 2026

Regulatory AUM

$178,143,123

Main clients

Pooled investment vehicles (100% of AUM)

Private funds

1 fund · Hedge funds

Focus by fund count, roster of Nov 1, 2026

$178,143,123 gross assets

LEI

5493008BIH74ROX9ZR08

Private funds on Schedule D 7.B.(1)

As filed Jun 28, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$214,437,939 gross assets in 1 fund Hedge funds $214,437,939 (1)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$178,143,123	Pooled investment vehicles (100%)
Apr 2025 to Mar 2026	$251,830,829	Pooled investment vehicles (100%)
Aug 2024 to Mar 2025	$214,437,939	Pooled investment vehicles (100%)
Apr 2024 to Jun 2024	—	—
Jun 2023 to Mar 2024	—	—
May 2023	$0	—

1 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 49.2%, 24.1 effective positions, active share 95.6% against the Nasdaq-100 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

High turnover

133.1% over the last four quarters (100%+)

Horizon

Short horizon

Value-weighted holding period 3.2 quarters (under 4)

Closest benchmark: the Nasdaq-100 as of 2026-06-30, active share 95.6%; sector active share 59.7% against the combined 13F book's sector weights.

Over time 11 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

30 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

8.1%

+1.8 pts

Top 5

28.0%

−1.1 pts

Top 10

47.5%

−5.0 pts

HHI

391

Diversified−39

Portfolio Trend

11 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Industrials	42.2%	$68,452,236	12
Technology	22.1%	$35,838,321	8
Energy	9.9%	$15,997,370	3
Utilities	8.4%	$13,572,098	3
Unclassified	8.1%	$13,117,800	1
Basic Materials	6.8%	$11,068,949	2
Healthcare	2.6%	$4,231,478	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

4 positions

Ticker	Company	Δ Shares	Shares	Value
CTRI	Centuri Holdings, Inc.	+15,408	250,861	$7,586,036
ATS	ATS Corp	+13,412	165,100	$4,751,578
TDY	Teledyne Technologies Inc	+3,320	13,772	$9,184,546
WWD	Woodward, Inc.	+2,180	11,480	$4,884,051
No positions match the current search.

Trimmed

Positions the filer reduced

14 positions

Ticker	Company	Δ Shares	Shares	Value
KGS	Kodiak Gas Services, Inc.	−56,193	71,378	$5,362,629
ESI	Element Solutions Inc	−15,500	111,612	$5,329,473
GLW	Corning Inc	−11,700	8,139	$2,078,944
SEI	Solaris Energy Infrastructure, Inc.	−11,610	65,964	$5,307,463
AMAT	Applied Materials Inc	−8,100	4,800	$3,470,400
MOD	Modine Manufacturing Co	−7,319	16,100	$4,299,022
MRCY	Mercury Systems Inc	−6,400	54,060	$6,613,159
ADI	Analog Devices Inc	−5,160	10,745	$4,267,591
PWR	Quanta Services, Inc.	−2,650	4,488	$3,231,539
LIN	Linde PLC	−2,630	11,060	$5,739,476
MTSI	MACOM Technology Solutions Holdings, Inc.	−2,150	7,970	$3,031,548
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−1,744	8,966	$4,281,892
GVA	Granite Construction Inc	−499	53,762	$8,498,696
ATI	Ati Inc	−497	27,649	$5,449,617
No positions match the current search.

New Positions

Positions the filer opened this quarter

7 positions

Ticker	Company	Shares	Value
PH	Parker-Hannifin Corp	7,280	$7,120,713
AIT	Applied Industrial Technologies Inc	17,952	$6,070,468
AME	Ametek Inc	21,196	$5,128,160
TFII	TFI International Inc.	34,253	$4,917,703
TKR	Timken Co	31,705	$4,607,370
TMO	Thermo Fisher Scientific Inc.	8,440	$4,231,478
CIFR	Cipher Digital Inc.	37,000	$906,500
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
LNG	Cheniere Energy, Inc.	10,400	$2,951,104
CW	Curtiss Wright Corp	2,499	$1,702,118
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

30 tracked positions · $162,278,252 total · filing declares 34 positions · $162,285,237 · as of Jun 30, 2026

All sectors Basic Materials Energy Healthcare Industrials Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
SMH	VanEck Semiconductor ETF PUT	Held	20,000	0	$13,117,800	+71.1%	—	—	8.08%
TDY	Teledyne Technologies Inc Technology	Added	13,772	+3,320	$9,184,546	+45.2%	6	$535.86	5.66%
GVA	Granite Construction Inc Industrials	Reduced	53,762	-499	$8,498,696	+30.7%	3	$109.10	5.24%
CTRI	Centuri Holdings, Inc. Utilities	Added	250,861	+15,408	$7,586,036	+10.3%	3	$25.46	4.67%
PH	Parker-Hannifin Corp Industrials	NEW	7,280	NEW	$7,120,713	NEW	1	$916.07	4.39%
AMAT	Applied Materials Inc PUT + SHARES Technology	Reduced	9,800	-3,100	$7,085,400	+60.7%	3	$239.74	4.37%
MRCY	Mercury Systems Inc Industrials	Reduced	54,060	-6,400	$6,613,159	+50.0%	4	$71.48	4.08%
PWR	Quanta Services, Inc. PUT + SHARES Industrials	Added	8,488	+1,350	$6,111,699	+56.0%	8	$276.36	3.77%
AIT	Applied Industrial Technologies Inc Industrials	NEW	17,952	NEW	$6,070,468	NEW	1	$306.79	3.74%
LIN	Linde PLC Basic Materials	Reduced	11,060	-2,630	$5,739,476	−15.4%	2	$471.81	3.54%
ATI	Ati Inc Industrials	Reduced	27,649	-7,497	$5,449,617	+6.6%	5	$69.59	3.36%
KGS	Kodiak Gas Services, Inc. Energy	Reduced	71,378	-56,193	$5,362,629	−27.9%	2	$48.54	3.30%
ESI	Element Solutions Inc Basic Materials	Reduced	111,612	-15,500	$5,329,473	+22.8%	4	$24.93	3.28%
WMB	Williams Companies, Inc. Energy	Held	71,661	0	$5,327,278	+2.1%	2	$69.24	3.28%
SEI	Solaris Energy Infrastructure, Inc. Energy	Reduced	65,964	-11,610	$5,307,463	+21.1%	3	$48.37	3.27%
AME	Ametek Inc Industrials	NEW	21,196	NEW	$5,128,160	NEW	1	$230.36	3.16%
TFII	TFI International Inc. Industrials	NEW	34,253	NEW	$4,917,703	NEW	1	$141.18	3.03%
WWD	Woodward, Inc. Industrials	Reduced	11,480	-3,820	$4,884,051	−10.8%	5	$240.06	3.01%
ATS	ATS Corp Industrials	Added	165,100	+13,412	$4,751,578	+11.1%	3	$29.63	2.93%
TKR	Timken Co Industrials	NEW	31,705	NEW	$4,607,370	NEW	1	$120.27	2.84%
TLN	Talen Energy Corp Utilities	Held	11,700	0	$4,495,842	+20.4%	8	$212.42	2.77%
MOD	Modine Manufacturing Co Industrials	Reduced	16,100	-7,319	$4,299,022	−15.3%	4	$127.24	2.65%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	8,966	-1,744	$4,281,892	+18.3%	4	$244.54	2.64%
ADI	Analog Devices Inc Technology	Reduced	10,745	-5,160	$4,267,591	−15.7%	3	$251.24	2.63%
TMO	Thermo Fisher Scientific Inc. Healthcare	NEW	8,440	NEW	$4,231,478	NEW	1	$480.05	2.61%
GLW	Corning Inc PUT + SHARES Technology	Reduced	16,139	-3,700	$4,122,384	+52.8%	4	$65.35	2.54%
MTSI	MACOM Technology Solutions Holdings, Inc. Technology	Reduced	7,970	-2,150	$3,031,548	+34.9%	2	$223.22	1.87%
ENTG	Entegris Inc PUT Technology	NEW	11,000	NEW	$1,978,460	NEW	—	—	1.22%
CIFR	Cipher Digital Inc. PUT + SHARES Technology	NEW	77,000	NEW	$1,886,500	NEW	1	$21.10	1.16%
CEG	Constellation Energy Corp PUT Utilities	NEW	6,000	NEW	$1,490,220	NEW	—	—	0.92%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.