Candelo Capital Management LP

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Candelo Capital Management LP maintained a portfolio of 43 distinct positions. The most significant new addition to the portfolio was GRANITE CONSTR INC, which now represents 5.05% of the total fund value. They heavily accumulated shares in ATI INC, increasing their position by 4.1%. Conversely, Candelo Capital Management LP completely exited their position in TC ENERGY CORP.
PCA Score Concentration Risk
Risk ENB
Total Positions
43
Quarter
2025 Q4
Top Holding
ATI (6.5%)
Top 10 Concentration
49.3%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 43
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
ATI
ATI INC
Industrials 6.49% 4.27% #1 8
Prev: #9
4.6 2,500 4.1%
P
S
63,396 $7,275,325 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
TDY
TELEDYNE TECHNO...
Technology 6.02% 7.78% #2 1
Prev: #1
2.4 -2,199 -14.3%
P
S
13,202 $6,742,657 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
UNP
UNION PAC CORP
Industrials 5.13% 5.01% #3
Prev: #3
4.1 250 1.0%
P
S
24,850 $5,748,302 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
GVA
GRANITE CONSTR ...
Industrials 5.05% #4
Prev: #—
4.0 49,088 no change
NEW
49,088 $5,662,301 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MKSI
MKS INC.
Technology 5.01% #5
Prev: #—
4.0 35,107 no change
NEW
35,107 $5,610,099 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ESI
ELEMENT SOLUTIO...
Basic Materials 4.66% 4.51% #6
Prev: #6
3.9 1,170 0.6%
P
S
209,000 $5,222,910 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
DHR
DANAHER CORPORA...
Healthcare 4.33% #7
Prev: #—
3.7 21,200 no change
NEW
21,200 $4,853,104 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TLN
TALEN ENERGY CO...
Utilities 4.21% 3.26% #8 11
Prev: #19
3.8 3,700 41.6%
P
S
12,600 $4,722,984 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SEI
SOLARIS ENERGY ...
Energy 4.21% #9
Prev: #—
3.7 102,600 no change
NEW
102,600 $4,716,522 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MRCY
MERCURY SYS INC
Industrials 4.18% 1.02% #10 16
Prev: #26
4.0 48,926 319.8%
P
S
64,226 $4,689,140 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ATRO
ASTRONICS CORP
Industrials 4.05% #11
Prev: #—
3.6 83,642 no change
NEW
83,642 $4,536,742 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ADI
ANALOG DEVICES ...
Technology 4.04% #12
Prev: #—
3.6 16,700 no change
NEW
16,700 $4,529,040 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TSM
TAIWAN SEMICOND...
Technology 3.96% 4.05% #13 1
Prev: #12
1.6 -2,200 -13.1%
P
S
14,600 $4,436,794 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BDC
BELDEN INC
Technology 3.83% 4.37% #14 6
Prev: #8
1.6 -5,295 -12.6%
P
S
36,871 $4,297,315 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MOD
MODINE MFG CO
Consumer Cyclical 3.75% 4.79% #15 11
Prev: #4
1.6 -7,542 -19.3%
P
S
31,511 $4,207,034 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SHC
SOTERA HEALTH C...
Healthcare 3.63% #16
Prev: #—
3.5 230,801 no change
NEW
230,801 $4,071,330 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GLW
CORNING INC
Technology 3.52% 4.17% #17 6
Prev: #11
1.5 -13,900 -23.6%
P
S
45,089 $3,947,993 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
WWD
WOODWARD INC
Industrials 3.28% 3.77% #18 5
Prev: #13
1.4 -5,150 -29.8%
P
S
12,150 $3,673,188 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CTRI
CENTURI HOLDING...
Utilities 3.22% #19
Prev: #—
3.3 143,133 no change
NEW
143,133 $3,614,108 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CHRW
C H ROBINSON WO...
Industrials 3.04% #20
Prev: #—
3.2 21,201 no change
NEW
21,201 $3,408,273 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AMAT
APPLIED MATLS I...
Technology 3.00% #21
Prev: #—
3.2 13,100 no change
NEW
13,100 $3,366,569 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
PWR
QUANTA SVCS INC
Industrials 2.69% 4.65% #22 17
Prev: #5
1.2 -5,880 -45.2%
P
S
7,138 $3,012,664 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SMH
VANECK ETF TRUS...
PUT
PUT Option 2.25% #23
Prev: #—
2.9 7,000 no change
NEW
7,000 $2,520,910 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SATS
ECHOSTAR CORP
Communication Services 2.16% #24
Prev: #—
2.9 22,300 no change
NEW
22,300 $2,424,010 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
KNX
KNIGHT-SWIFT TR...
Industrials 2.15% #25
Prev: #—
2.9 46,194 no change
NEW
46,194 $2,415,022 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TRP
TC ENERGY CORP
Energy 0.00% 6.29%
Sold All 😨
(Was: #2)
0.3 -134,195 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
LHX
L3HARRIS TECHNO...
Industrials 0.00% 4.48%
Sold All 😨
(Was: #7)
0.3 -17,022 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CVNA
CARVANA CO
Consumer Cyclical 0.00% 3.70%
Sold All 😨
(Was: #14)
0.3 -11,375 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
VMC
VULCAN MATLS CO
Basic Materials 0.00% 3.54%
Sold All 😨
(Was: #15)
0.3 -13,350 -100.0%
CLOSED
$— 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
FTAI
FTAI AVIATION L...
Industrials 0.00% 3.48%
Sold All 😨
(Was: #16)
0.3 -24,200 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
PTC
PTC INC
Technology 0.00% 3.36%
Sold All 😨
(Was: #17)
0.3 -19,194 -100.0%
CLOSED
$— 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
PRIM
PRIMORIS SVCS C...
Industrials 0.00% 3.31%
Sold All 😨
(Was: #18)
0.3 -27,970 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CEG
CONSTELLATION E...
Utilities 0.00% 3.04%
Sold All 😨
(Was: #20)
0.3 -10,726 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
SHW
SHERWIN WILLIAM...
Basic Materials 0.00% 2.99%
Sold All 😨
(Was: #21)
0.3 -10,022 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
XLB
SELECT SECTOR S...
PUT
PUT Option 0.00% 2.32%
Sold All 😨
(Was: #22)
0.3 -30,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
POWL
POWELL INDS INC
Industrials 0.00% 2.26%
Sold All 😨
(Was: #23)
0.3 -8,583 -100.0%
CLOSED
$— 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
VRT
VERTIV HOLDINGS...
Industrials 0.00% 2.02%
Sold All 😨
(Was: #24)
0.3 -15,500 -100.0%
CLOSED
$— 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
RIOT
RIOT PLATFORMS ...
Financial Services 0.00% 1.56%
Sold All 😨
(Was: #25)
0.3 -94,800 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
LII
LENNOX INTL INC
PUT
PUT Option 0.00% 0.68%
Sold All 😨
(Was: #27)
0.3 -1,500 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
F
FORD MTR CO
PUT
PUT Option 0.00% 0.62%
Sold All 😨
(Was: #28)
0.3 -60,000 -100.0%
CLOSED
$— 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
KRMN
KARMAN HLDGS IN...
Industrials 0.00% 0.50%
Sold All 😨
(Was: #29)
0.3 -8,100 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 43 holdings

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