CARRONADE CAPITAL MANAGEMENT, LP

CIK

1866872

Location

DARIEN, CT

Portfolio Value

Mid $7,468,560,397

Diversification

Highly concentrated

Filing Date

Global Rank

#503 / 8,622 ▲ 95 · as of Mar 2026

Top Industry

Telecom Services 31.7%

3Y Alpha vs SPY

-6.7%

Period ended 4 months ago

Filed May 15, 2026 · 3mo

18 quarters · since Dec 2021

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Not a measure of this manager's performance. Most of CARRONADE CAPITAL MANAGEMENT, LP's reported book is option positions, which a stock-only clone cannot replicate. The figures below are the return of the 39% that is ordinary stock — as little as 9% in one quarter — so a manager whose options thesis lost money can still show a large gain here.

Cloned portfolio

+39.9%

SPY

+67.9%

Annualised alpha

-7.0%

Max drawdown

−26.3%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 39% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

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

Top Position

79.0%

−0.6 pts

Top 5

90.3%

−1.3 pts

Top 10

98.1%

+0.3 pts

HHI

6,290

Highly concentrated−100

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
ECHO	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 tracked positions · $7,468,560,397 total · filing declares 32 positions · $7,651,890,000 · 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 PUT	Added	9,075,000	+1,950,000	$5,901,835,500	+21.5%	79.02%
VSAT	Viasat Inc CALL + SHARES 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 CALL Communication Services	Added	6,985,200	+985,200	$200,545,092	+11.8%	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. CALL + SHARES 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%
ECHO	EchoStar CORP CALL + SHARES Communication Services	Reduced	797,785	-246,130	$93,396,689	−17.7%	1.25%
ACHC	Acadia Healthcare Company, Inc. PUT + SHARES 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 CALL 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%

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.