CARRONADE CAPITAL MANAGEMENT, LP

CIK

1866872

Location

DARIEN, CT

Portfolio Value

Mid $7,468,560,397

Diversification

Highly concentrated

Filing Date

Global Rank

#370 / 8,232 ▲ 121

Top Industry

Telecom Services 31.7%

3Y Alpha vs SPY

-8.2%

Period ended 2 months ago

Filed May 15, 2026 · 29d

18 quarters · since Dec 2021

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+42.8%

SPY

+76.5%

Annualised alpha

-8.2%

Max drawdown

−27.7%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

24 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

79.0%

−0.8 pts

Top 5

90.3%

−1.3 pts

Top 10

98.1%

+0.3 pts

HHI

6,290

Highly concentrated−123

Portfolio Trend

18 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Unclassified	79.0%	$5,901,835,500	1
Communication Services	6.7%	$502,519,781	5
Technology	5.1%	$381,975,376	3
Utilities	4.6%	$344,874,970	2
Healthcare	2.9%	$217,383,171	4
Real Estate	1.0%	$72,119,222	7
Consumer Cyclical	0.5%	$37,096,307	1
Industrials	0.1%	$10,756,070	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

12 positions

Ticker	Company	Δ Shares	Shares	Value
VISN	Vistance Networks, Inc.	+6,099,799	7,646,722	$139,170,340
SPY	Spdr S&P 500 ETF Trust	+1,950,000	9,075,000	$5,901,835,500
BKD	Brookdale Senior Living Inc.	+1,237,000	8,586,874	$117,468,436
CYH	Community Health Systems Inc	+996,923	1,321,923	$3,886,453
CMCSA	Comcast Corp	+985,200	6,985,200	$200,545,092
CTRI	Centuri Holdings, Inc.	+774,648	4,763,312	$139,136,343
OPTU	Optimum Communications, Inc.	+558,000	6,573,682	$8,545,786
VSAT	Viasat Inc	+556,895	5,268,396	$241,292,536
DHC	Diversified Healthcare Trust	+504,898	5,268,435	$34,982,408
TDS	Telephone & Data Systems Inc /De/	+420,340	4,623,934	$194,667,621
TLN	Talen Energy Corp	+67,245	644,484	$205,738,627
CORZ	Core Scientific, Inc./tx	+1,103	101,103	$1,512,500
No positions match the current search.

Trimmed

Positions the filer reduced

8 positions

Ticker	Company	Δ Shares	Shares	Value
SATS	EchoStar CORP	−246,130	797,785	$93,396,689
UDR	UDR, Inc.	−56,370	208,225	$7,033,840
EQR	Equity Residential	−33,316	123,062	$7,279,117
CPT	Camden Property Trust	−20,951	77,393	$7,558,200
AVB	Avalonbay Communities Inc	−11,148	41,180	$6,726,753
MAA	Mid America Apartment Communities Inc.	−9,431	34,837	$4,254,294
ESS	Essex Property Trust, Inc.	−4,793	17,705	$4,284,610
WW	Ww International, Inc.	−1,115	456,720	$6,275,332
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
ACHC	Acadia Healthcare Company, Inc.	3,837,236	$89,752,950
JBLU	Jetblue Airways Corp	2,433,500	$10,756,070
SPHR	Sphere Entertainment Co.	45,695	$5,364,593
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
GEO	Geo Group Inc	992,931	$16,006,047
KSS	KOHLS Corp	750,000	$15,307,500
CZR	Caesars Entertainment, Inc.	257,160	$6,014,972
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

24 positions · $7,468,560,397 total · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Healthcare Industrials Real Estate Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	Added	9,075,000	+1,950,000	$5,901,835,500	+21.5%	79.02%
VSAT	Viasat Inc Technology	Added	5,268,396	+556,895	$241,292,536	+48.6%	3.23%
TLN	Talen Energy Corp Utilities	Added	644,484	+67,245	$205,738,627	−4.9%	2.75%
CMCSA	Comcast Corp Communication Services	Added	6,985,200	+985,200	$200,545,092	+19.3%	2.69%
TDS	Telephone & Data Systems Inc /De/ Communication Services	Added	4,623,934	+420,340	$194,667,621	+13.0%	2.61%
VISN	Vistance Networks, Inc. Technology	Added	7,646,722	+6,099,799	$139,170,340	+396.2%	1.86%
CTRI	Centuri Holdings, Inc. Utilities	Added	4,763,312	+774,648	$139,136,343	+38.2%	1.86%
BKD	Brookdale Senior Living Inc. Healthcare	Added	8,586,874	+1,237,000	$117,468,436	+48.1%	1.57%
SATS	EchoStar CORP Communication Services	Reduced	797,785	-246,130	$93,396,689	−17.7%	1.25%
ACHC	Acadia Healthcare Company, Inc. Healthcare	NEW	3,837,236	NEW	$89,752,950	NEW	1.20%
CNNE	Cannae Holdings, Inc. Consumer Cyclical	Held	3,262,648	0	$37,096,307	−27.7%	0.50%
DHC	Diversified Healthcare Trust Real Estate	Added	5,268,435	+504,898	$34,982,408	+51.4%	0.47%
JBLU	Jetblue Airways Corp Industrials	NEW	2,433,500	NEW	$10,756,070	NEW	0.14%
OPTU	Optimum Communications, Inc. Communication Services	Added	6,573,682	+558,000	$8,545,786	−13.9%	0.11%
CPT	Camden Property Trust Real Estate	Reduced	77,393	-20,951	$7,558,200	−30.2%	0.10%
EQR	Equity Residential Real Estate	Reduced	123,062	-33,316	$7,279,117	−26.2%	0.10%
UDR	UDR, Inc. Real Estate	Reduced	208,225	-56,370	$7,033,840	−27.5%	0.09%
AVB	Avalonbay Communities Inc Real Estate	Reduced	41,180	-11,148	$6,726,753	−29.1%	0.09%
WW	Ww International, Inc. Healthcare	Reduced	456,720	-1,115	$6,275,332	−53.1%	0.08%
SPHR	Sphere Entertainment Co. Communication Services	NEW	45,695	NEW	$5,364,593	NEW	0.07%
ESS	Essex Property Trust, Inc. Real Estate	Reduced	17,705	-4,793	$4,284,610	−27.2%	0.06%
MAA	Mid America Apartment Communities Inc. Real Estate	Reduced	34,837	-9,431	$4,254,294	−30.8%	0.06%
CYH	Community Health Systems Inc Healthcare	Added	1,321,923	+996,923	$3,886,453	+283.3%	0.05%
CORZ	Core Scientific, Inc./tx Technology	Added	101,103	+1,103	$1,512,500	+3.9%	0.02%