CARRONADE CAPITAL MANAGEMENT, LP

Registered adviser

CIK

1866872

Location

DARIEN, CT

Portfolio Value

Mid $5,570,077,632

Diversification

Highly concentrated

Filing Date

Global Rank

#811 / 8,818 ▼ 222

Top Industry

Communication Equipment 29.1%

3Y Alpha vs SPY

-8.8%

Period ended 4 months ago

Filed Aug 14, 2026 · 2mo

19 quarters · since Dec 2021

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, Oct 1, 2026

Form ADV adviser

CRD 309174

Roster of Oct 1, 2026

Regulatory AUM

$4,821,307,655

Main clients

Pooled investment vehicles (92% of AUM)

Private funds

2 funds · Hedge funds

Focus by gross assets, Schedule D of Oct 30, 2024

$3,249,173,900 gross assets

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

As filed Oct 30, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$2,020,915,089 gross assets in 1 fund Hedge funds $2,020,915,089 (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
Sep 2026 to Oct 2026	$4,821,307,655	Pooled investment vehicles (92%)
Apr 2026 to Aug 2026	$3,431,802,906	Pooled investment vehicles (95%)
Dec 2025 to Mar 2026	$3,281,497,376	Pooled investment vehicles (95%)
Apr 2025 to Sep 2025	$2,985,043,275	Pooled investment vehicles (96%)
Apr 2024 to Mar 2025	$2,020,915,089	Pooled investment vehicles (100%)
May 2023 to Mar 2024	$1,458,804,511	Pooled investment vehicles (100%)

6 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

Concentrated

The top 10 positions are 94.2% of the book (60%+)

Turnover

Low turnover

13.5% over the last four quarters (under 30%)

Horizon

Short horizon

Value-weighted holding period 2.7 quarters (under 4)

Closest benchmark: the Russell 2000 as of 2026-06-30, active share 98.7%; sector active share 58.1% against the combined 13F book's sector weights.

Over time 19 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

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

Top Position

60.3%

−18.7 pts

Top 5

81.7%

−8.6 pts

Top 10

94.2%

−3.9 pts

HHI

3,809

Highly concentrated−2,481

Portfolio Trend

19 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	61.3%	$3,415,411,351	2
Technology	11.7%	$652,313,234	3
Communication Services	10.5%	$584,211,836	5
Utilities	8.5%	$472,510,456	2
Healthcare	6.1%	$342,020,865	5
Real Estate	1.0%	$57,095,759	1
Consumer Cyclical	0.8%	$46,514,131	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

13 positions

Ticker	Company	Δ Shares	Shares	Value
VISN	Vistance Networks, Inc.	+3,459,299	11,106,021	$141,934,948
ACHC	Acadia Healthcare Company, Inc.	+2,425,399	4,762,635	$140,640,611
VSAT	Viasat Inc	+2,170,680	5,399,976	$484,971,844
BKD	Brookdale Senior Living Inc.	+1,291,333	9,878,207	$158,940,350
CTRI	Centuri Holdings, Inc.	+953,429	5,516,741	$166,826,247
CORZ	Core Scientific, Inc.	+891,724	992,827	$25,406,442
DHC	Diversified Healthcare Trust	+870,894	6,139,329	$57,095,759
TDS	Telephone & Data Systems Inc	+695,241	5,319,175	$196,862,666
CYH	Community Health Systems Inc	+243,924	1,565,847	$5,229,928
TLN	Talen Energy Corp	+151,030	795,514	$305,684,209
ECHO	EchoStar CORP	+114,624	697,709	$70,817,463
SPHR	Sphere Entertainment Co.	+111,631	157,326	$27,222,117
WW	Ww International, Inc.	+10,863	467,583	$7,471,976
No positions match the current search.

Trimmed

Positions the filer reduced

1 positions

Ticker	Company	Δ Shares	Shares	Value	Open
CNNE	Cannae Holdings, Inc.	−32,500	3,230,148	$46,514,131
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
SPY	Spdr S&P 500 ETF Trust	4,500,000	$3,360,465,000
CMCSA	Comcast Corp	8,299,000	$203,740,450
VZ	Verizon Communications Inc	2,021,000	$85,569,140
BNO	United States Brent Oil Fund, LP	1,350,365	$54,946,351
UHS	Universal Health Services Inc	200,000	$29,738,000
No positions match the current search.

Sold Out

Positions the filer fully exited

7 positions

Ticker	Company	Shares	Value
OPTU	Optimum Communications, Inc.	6,573,682	$8,545,786
CPT	Camden Property Trust	77,393	$7,558,200
VMRK	Vivmark Residential	123,062	$7,279,117
UDR	UDR, Inc.	208,225	$7,033,840
—		41,180	$6,726,753
ESS	Essex Property Trust, Inc.	17,705	$4,284,610
MAA	Mid America Apartment Communities Inc.	34,837	$4,254,294
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

19 tracked positions · $5,570,077,632 total · filing declares 28 positions · $5,774,380,000 · as of Jun 30, 2026

All sectors Communication Services Consumer Cyclical Healthcare Real Estate Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	Reduced	4,500,000	-4,575,000	$3,360,465,000	−43.1%	1	$725.01	60.33%
VSAT	Viasat Inc Technology	Added	5,399,976	+131,580	$484,971,844	+101.0%	4	$42.76	8.71%
TLN	Talen Energy Corp Utilities	Added	795,514	+151,030	$305,684,209	+48.6%	8	$272.90	5.49%
CMCSA	Comcast Corp Communication Services	Added	8,299,000	+1,313,800	$203,740,450	+1.6%	1	$25.81	3.66%
TDS	Telephone & Data Systems Inc Communication Services	Added	5,319,175	+695,241	$196,862,666	+1.1%	7	unpriced	3.53%
CTRI	Centuri Holdings, Inc. Utilities	Added	5,516,741	+753,429	$166,826,247	+19.9%	9	$23.82	3.00%
BKD	Brookdale Senior Living Inc. Healthcare	Added	9,878,207	+1,291,333	$158,940,350	+35.3%	8	$8.46	2.85%
VISN	Vistance Networks, Inc. Technology	Added	11,106,021	+3,459,299	$141,934,948	+2.0%	8	$15.31	2.55%
ACHC	Acadia Healthcare Company, Inc. Healthcare	Added	4,762,635	+925,399	$140,640,611	+56.7%	2	$21.96	2.52%
VZ	Verizon Communications Inc Communication Services	NEW	2,021,000	NEW	$85,569,140	NEW	1	$46.91	1.54%
ECHO	EchoStar CORP Communication Services	Reduced	697,709	-100,076	$70,817,463	−24.2%	4	$58.81	1.27%
DHC	Diversified Healthcare Trust Real Estate	Added	6,139,329	+870,894	$57,095,759	+63.2%	6	$4.40	1.03%
BNO	United States Brent Oil Fund, LP	NEW	1,350,365	NEW	$54,946,351	NEW	1	$51.00	0.99%
CNNE	Cannae Holdings, Inc. Consumer Cyclical	Reduced	3,230,148	-32,500	$46,514,131	+25.4%	8	$19.26	0.84%
UHS	Universal Health Services Inc Healthcare	NEW	200,000	NEW	$29,738,000	NEW	1	$162.54	0.53%
SPHR	Sphere Entertainment Co. Communication Services	Added	157,326	+111,631	$27,222,117	+407.4%	2	$129.33	0.49%
CORZ	Core Scientific, Inc. Technology	Added	992,827	+891,724	$25,406,442	+1579.8%	3	$22.92	0.46%
WW	Ww International, Inc. Healthcare	Added	467,583	+10,863	$7,471,976	+19.1%	4	$33.71	0.13%
CYH	Community Health Systems Inc Healthcare	Added	1,565,847	+243,924	$5,229,928	+34.6%	3	$3.22	0.09%

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.