2025 Q4 Portfolio Activity
In 2025 Q4, Candlestick Capital Management LP maintained a portfolio of 55 distinct positions. They heavily accumulated shares in DELTA AIR LINES INC DEL, increasing the position by 125.2%. The fund also reduced its exposure to DELTA AIR LINES INC DEL by 55.6%.
Position History
hover any row below to update
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Total Positions
55
Quarter
2025 Q4
Top Holding
DAL (7.0%)
Top 10 Concentration
43.3%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 55
Candlestick Capital Management LP Full Holdings List — 2025 Q4
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
DAL
CALL
DELTA AIR LINES...
|
CALL Option | 7.02% | 7.02% |
#1
Prev: #1
|
5.8 |
—
|
no change | no change |
P
S
|
5,100,800 | $289,470,400 | 2021 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SPY
PUT
SPDR S&P 500 ET...
|
PUT Option | 6.50% | 6.50% |
#2
Prev: #2
|
5.1 |
—
|
no change | no change |
P
S
|
402,300 | $268,004,214 | 2019 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
QQQ
PUT
INVESCO QQQ TR
|
PUT Option | 5.86% | 5.86% |
#3
Prev: #3
|
4.3 |
—
|
no change | no change |
P
S
|
402,300 | $241,528,851 | 2019 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
UAL
UNITED AIRLS HL...
|
Industrials | 5.24% | 5.24% |
#4
Prev: #4
|
3.6 |
—
|
no change | no change |
P
S
|
2,239,037 | $216,067,071 | 2019 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TPR
TAPESTRY INC
|
Consumer Cyclical | 3.58% | 3.58% |
#5
Prev: #5
|
2.9 |
—
|
no change | no change |
P
S
|
1,305,329 | $147,789,349 | 2019 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AAPL
CALL
APPLE INC
|
CALL Option | 3.19% | 3.19% |
#6
Prev: #6
|
2.3 |
—
|
no change | no change |
P
S
|
516,900 | $131,618,247 | 2020 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DAL
DELTA AIR LINES...
|
Industrials | 3.12% | 3.12% |
#7
Prev: #7
|
2.2 |
—
|
no change | no change |
P
S
|
2,264,991 | $128,538,239 | 2021 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AS
AMER SPORTS INC
|
Consumer Cyclical | 3.01% | 3.01% |
#8
Prev: #8
|
2.2 |
—
|
no change | no change |
P
S
|
3,568,381 | $124,001,240 | 2024 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CNK
CINEMARK HLDGS ...
|
Communication Services | 2.94% | 2.94% |
#9
Prev: #9
|
2.2 |
—
|
no change | no change |
P
S
|
4,330,951 | $121,353,247 | 2021 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SPOT
SPOTIFY TECHNOL...
|
Communication Services | 2.79% | 2.79% |
#10
Prev: #10
|
2.1 |
—
|
no change | no change |
P
S
|
164,643 | $114,920,814 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
YUM
YUM BRANDS INC
|
Consumer Cyclical | 2.44% | 2.44% |
#11
Prev: #11
|
2.0 |
—
|
no change | no change |
P
S
|
660,916 | $100,459,232 | 2020 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
IWM
PUT
ISHARES TR
|
PUT Option | 2.36% | 2.36% |
#12
Prev: #12
|
1.9 |
—
|
no change | no change |
P
S
|
402,300 | $97,340,508 | 2020 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AAPL
APPLE INC
|
Technology | 2.30% | 2.30% |
#13
Prev: #13
|
1.9 |
—
|
no change | no change |
P
S
|
371,747 | $94,657,939 | 2020 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
H
HYATT HOTELS CO...
|
Consumer Cyclical | 2.17% | 2.17% |
#14
Prev: #14
|
1.9 |
—
|
no change | no change |
P
S
|
631,290 | $89,598,990 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CCL
CARNIVAL CORP
|
Consumer Cyclical | 2.17% | 2.17% |
#15
Prev: #15
|
1.9 |
—
|
no change | no change |
P
S
|
3,097,517 | $89,549,216 | 2019 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
EL
LAUDER ESTEE CO...
|
Consumer Defensive | 2.06% | 2.06% |
#16
Prev: #16
|
1.8 |
—
|
no change | no change |
P
S
|
965,049 | $85,040,118 | 2020 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MDB
MONGODB INC
|
Technology | 1.92% | 1.92% |
#17
Prev: #17
|
1.8 |
—
|
no change | no change |
P
S
|
255,493 | $79,299,917 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NKE
CALL
NIKE INC
|
CALL Option | 1.87% | 1.87% |
#18
Prev: #18
|
1.7 |
—
|
no change | no change |
P
S
|
1,102,900 | $76,905,217 | 2019 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
XLP
SELECT SECTOR S...
|
Unknown | 1.83% | 1.83% |
#19
Prev: #19
|
1.7 |
—
|
no change | no change |
P
S
|
965,050 | $75,630,969 | 2022 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CHD
CHURCH & DWIGHT...
|
Consumer Defensive | 1.83% | 1.83% |
#20
Prev: #20
|
1.7 |
—
|
no change | no change |
P
S
|
861,651 | $75,506,477 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ALK
CALL
ALASKA AIR GROU...
|
CALL Option | 1.83% | 1.83% |
#21
Prev: #21
|
1.7 |
—
|
no change | no change |
P
S
|
1,516,500 | $75,491,370 | 2021 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DECK
PUT
DECKERS OUTDOOR...
|
PUT Option | 1.81% | 1.81% |
#22
Prev: #22
|
1.7 |
—
|
no change | no change |
P
S
|
737,400 | $74,750,238 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
META
META PLATFORMS ...
|
Communication Services | 1.78% | 1.78% |
#23
Prev: #23
|
1.7 |
—
|
no change | no change |
P
S
|
100,058 | $73,480,594 | 2020 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ULTA
ULTA BEAUTY INC
|
Consumer Cyclical | 1.73% | 1.73% |
#24
Prev: #24
|
1.7 |
—
|
no change | no change |
P
S
|
130,101 | $71,132,722 | 2020 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ARKK
PUT
ARK ETF TR
|
PUT Option | 1.68% | 1.68% |
#25
Prev: #25
|
1.7 |
—
|
no change | no change |
P
S
|
804,500 | $69,428,350 | 2020 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NCLH
NORWEGIAN CRUIS...
|
Consumer Cyclical | 1.65% | 1.65% |
#26
Prev: #26
|
1.7 |
—
|
no change | no change |
P
S
|
2,767,223 | $68,156,702 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HSY
HERSHEY CO
|
Consumer Defensive | 1.56% | 1.56% |
#27
Prev: #27
|
1.6 |
—
|
no change | no change |
P
S
|
344,660 | $64,468,653 | 2020 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PFGC
PERFORMANCE FOO...
|
Consumer Defensive | 1.48% | 1.48% |
#28
Prev: #28
|
1.6 |
—
|
no change | no change |
P
S
|
586,599 | $61,029,760 | 2021 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CHWY
CHEWY INC
|
Consumer Cyclical | 1.45% | 1.45% |
#29
Prev: #29
|
1.6 |
—
|
no change | no change |
P
S
|
1,476,101 | $59,708,285 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
THO
THOR INDS INC
|
Consumer Cyclical | 1.39% | 1.39% |
#30
Prev: #30
|
1.6 |
—
|
no change | no change |
P
S
|
551,457 | $57,180,576 | 2020 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MSFT
MICROSOFT CORP
|
Technology | 1.37% | 1.37% |
#31
Prev: #31
|
1.5 |
—
|
no change | no change |
P
S
|
108,762 | $56,333,278 | 2021 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
T
AT&T INC
|
Communication Services | 1.32% | 1.32% |
#32
Prev: #32
|
1.5 |
—
|
no change | no change |
P
S
|
1,933,593 | $54,604,666 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GPC
GENUINE PARTS C...
|
Consumer Cyclical | 1.32% | 1.32% |
#33
Prev: #33
|
1.5 |
—
|
no change | no change |
P
S
|
391,296 | $54,233,626 | 2021 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MHK
MOHAWK INDS INC
|
Consumer Cyclical | 1.29% | 1.29% |
#34
Prev: #34
|
1.5 |
—
|
no change | no change |
P
S
|
413,592 | $53,320,281 | 2020 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TSCO
TRACTOR SUPPLY ...
|
Consumer Cyclical | 1.27% | 1.27% |
#35
Prev: #35
|
1.5 |
—
|
no change | no change |
P
S
|
919,039 | $52,265,748 | 2020 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
XRT
PUT
SPDR SERIES TRU...
|
PUT Option | 1.12% | 1.12% |
#36
Prev: #36
|
1.4 |
—
|
no change | no change |
P
S
|
536,300 | $46,218,334 | 2020 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AAL
PUT
AMERICAN AIRLS ...
|
PUT Option | 1.10% | 1.10% |
#37
Prev: #37
|
1.4 |
—
|
no change | no change |
P
S
|
4,022,200 | $45,209,528 | 2023 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
LUV
PUT
SOUTHWEST AIRLS...
|
PUT Option | 1.04% | 1.04% |
#38
Prev: #38
|
1.4 |
—
|
no change | no change |
P
S
|
1,340,800 | $42,784,928 | 2023 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CELH
CELSIUS HLDGS I...
|
Consumer Defensive | 0.96% | 0.96% |
#39
Prev: #39
|
1.4 |
—
|
no change | no change |
P
S
|
689,322 | $39,629,122 | 2021 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CRM
SALESFORCE INC
|
Technology | 0.95% | 0.95% |
#40
Prev: #40
|
1.4 |
—
|
no change | no change |
P
S
|
164,523 | $38,991,951 | 2021 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SHW
SHERWIN WILLIAM...
|
Basic Materials | 0.93% | 0.93% |
#41
Prev: #41
|
1.4 |
—
|
no change | no change |
P
S
|
110,292 | $38,189,708 | 2020 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ORLY
OREILLY AUTOMOT...
|
Consumer Cyclical | 0.89% | 0.89% |
#42
Prev: #42
|
1.4 |
—
|
no change | no change |
P
S
|
341,917 | $36,862,072 | 2019 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ELF
E L F BEAUTY IN...
|
Consumer Defensive | 0.78% | 0.78% |
#43
Prev: #43
|
1.3 |
—
|
no change | no change |
P
S
|
241,262 | $31,962,390 | 2022 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NWL
NEWELL BRANDS I...
|
Consumer Defensive | 0.77% | 0.77% |
#44
Prev: #44
|
1.3 |
—
|
no change | no change |
P
S
|
6,066,025 | $31,785,971 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CCL
CALL
CARNIVAL CORP
|
CALL Option | 0.73% | 0.73% |
#45
Prev: #45
|
1.3 |
—
|
no change | no change |
P
S
|
1,033,900 | $29,890,049 | 2019 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
RBLX
ROBLOX CORP
|
Communication Services | 0.57% | 0.57% |
#46
Prev: #46
|
1.2 |
—
|
no change | no change |
P
S
|
168,920 | $23,398,798 | 2022 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CNK
CALL
CINEMARK HLDGS ...
|
CALL Option | 0.56% | 0.56% |
#47
Prev: #47
|
1.2 |
—
|
no change | no change |
P
S
|
827,200 | $23,178,144 | 2021 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HIMS
PUT
HIMS & HERS HEA...
|
PUT Option | 0.46% | 0.46% |
#48
Prev: #48
|
1.2 |
—
|
no change | no change |
P
S
|
335,200 | $19,012,544 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ALK
ALASKA AIR GROU...
|
Industrials | 0.44% | 0.44% |
#49
Prev: #49
|
1.2 |
—
|
no change | no change |
P
S
|
361,928 | $18,016,776 | 2021 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
WING
WINGSTOP INC
|
Consumer Cyclical | 0.42% | 0.42% |
#50
Prev: #50
|
1.2 |
—
|
no change | no change |
P
S
|
68,348 | $17,201,825 | 2022 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) |
Showing 1-50 of 55 holdings