CARRONADE CAPITAL MANAGEMENT, LP

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, CARRONADE CAPITAL MANAGEMENT, LP maintained a portfolio of 37 distinct positions. The most significant new addition to the portfolio was ISHARES TR, which now represents 15.12% of the total fund value. They heavily accumulated shares in SPDR S&P 500 ETF TR, increasing their position by 51.6%. Conversely, CARRONADE CAPITAL MANAGEMENT, LP completely exited their position in EXPAND ENERGY CORPOR.
PCA Score Concentration Risk
Risk ENB
Total Positions
37
Quarter
2025 Q4
Top Holding
SPY (66.4%)
Top 10 Concentration
95.1%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 37
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
SPY
SPDR S&P 500 ET...
PUT
PUT Option 66.44% 72.35% #1
Prev: #1
9.0 2,425,000 51.6%
P
S
7,125,000 $4,858,680,000 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
IEF
ISHARES TR
PUT
PUT Option 15.12% #2
Prev: #—
9.0 11,500,000 no change
NEW
11,500,000 $1,105,840,000 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TLN
TALEN ENERGY CO...
Utilities 2.96% 5.51% #3 1
Prev: #2
2.7 16,496 2.9%
P
S
577,239 $216,372,000 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TDS
TELEPHONE & DAT...
Communication Services 2.36% 3.34% #4 1
Prev: #3
3.4 523,094 14.2%
P
S
4,203,594 $172,347,000 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CMCSA
COMCAST CORP NE...
CALL
CALL Option 2.30% #5
Prev: #—
4.9 6,000,000 no change
NEW
6,000,000 $168,011,000 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
VSAT
VIASAT INC
Technology 1.40% 1.74% #6 1
Prev: #5
2.6 402,109 15.6%
P
S
2,974,801 $102,512,000 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CTRI
CENTURI HOLDING...
Utilities 1.38% 1.49% #7 1
Prev: #6
3.1 935,847 30.7%
P
S
3,988,664 $100,714,000 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
ECHOSTAR CORP
Bond/Debt 1.13% 1.35% #8
Prev: #8
1.0 910,000 3.8%
P
S
24,638,496 $82,505,000 13F Filing 2025-12-31 2026-02-14 (Est.)
BKD
BROOKDALE SR LI...
Healthcare 1.08% 1.40% #9 2
Prev: #7
0.9 222,137 3.1%
P
S
7,349,874 $79,305,000 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SATS
ECHOSTAR CORP
Communication Services 0.96% 1.10% #10
Prev: #10
0.9 18,915 3.0%
P
S
643,915 $69,994,000 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
VSAT
VIASAT INC
CALL
CALL Option 0.82% 1.82% #11 7
Prev: #4
0.3 -948,300 -35.3%
P
S
1,736,700 $59,847,000 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
SPHERE ENTERTAI...
Bond/Debt 0.80% 0.88% #12
Prev: #12
0.8 950,000 4.7%
P
S
21,150,000 $58,361,000 13F Filing 2025-12-31 2026-02-14 (Est.)
CNNE
CANNAE HLDGS IN...
Consumer Cyclical 0.70% 1.35% #13 4
Prev: #9
0.8 73,621 2.3%
P
S
3,262,648 $51,321,000 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SATS
ECHOSTAR CORP
CALL
CALL Option 0.59% 0.53% #14 1
Prev: #15
2.7 100,000 33.3%
P
S
400,000 $43,480,000 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
DHC
DIVERSIFIED HEA...
Bond/Debt 0.32% 0.46% #15 2
Prev: #17
0.6 201,789 4.4%
P
S
4,763,537 $23,103,000 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GEO
GEO GROUP INC N...
Industrials 0.22% 0.36% #16 4
Prev: #20
2.6 242,931 32.4%
P
S
992,931 $16,006,000 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
KSS
KOHLS CORP
PUT
PUT Option 0.21% 0.27% #17 7
Prev: #24
1.1 no change no change
P
S
750,000 $15,308,000 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
WW
WW INTL INC
Consumer Cyclical 0.18% 0.28% #18 5
Prev: #23
0.6 11,220 2.5%
P
S
457,835 $13,376,000 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CPT
CAMDEN PPTY TR
Bond/Debt 0.15% 0.24% #19 6
Prev: #25
0.6 2,408 2.5%
P
S
98,344 $10,826,000 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ATUS
OPTIMUM COMMUNI...
Unknown 0.14% 0.32% #20 1
Prev: #21
0.6 247,000 4.3%
P
S
6,015,682 $9,926,000 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
EQR
EQUITY RESIDENT...
Bond/Debt 0.13% 0.23% #21 5
Prev: #26
0.6 3,829 2.5%
P
S
156,378 $9,858,000 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
UDR
UDR INC
Real Estate 0.13% 0.22% #22 6
Prev: #28
0.6 6,479 2.5%
P
S
264,595 $9,705,000 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
AVB
AVALONBAY CMNTY...
Real Estate 0.13% 0.23% #23 4
Prev: #27
0.6 1,281 2.5%
P
S
52,328 $9,488,000 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MAA
MID-AMER APT CM...
Real Estate 0.08% 0.14% #24 6
Prev: #30
0.5 1,084 2.5%
P
S
44,268 $6,149,000 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CZR
CAESARS ENTERTA...
Consumer Cyclical 0.08% 0.15% #25 4
Prev: #29
0.5 8,987 3.6%
P
S
257,160 $6,015,000 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
EXEEL
EXPAND ENERGY C...
Unknown 0.00% 1.01%
Sold All 😨
(Was: #11)
0.0 -456,802 -100.0%
CLOSED
$— 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GEO
GEO GROUP INC N...
CALL
CALL Option 0.00% 0.83%
Sold All 😨
(Was: #13)
0.0 -1,750,000 -100.0%
CLOSED
$— 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
TRANSOCEAN INC
Unknown 0.00% 0.55%
Sold All 😨
(Was: #14)
0.0 -23,625,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
JEF
JEFFERIES FINL ...
CALL
CALL Option 0.00% 0.45%
Sold All 😨
(Was: #18)
0.0 -300,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
JEF
JEFFERIES FINL ...
PUT
PUT Option 0.00% 0.38%
Sold All 😨
(Was: #19)
0.0 -250,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
GBTG
GLOBAL BUSINESS...
Consumer Cyclical 0.00% 0.32%
Sold All 😨
(Was: #22)
0.0 -1,705,039 -100.0%
CLOSED
$— 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 37 holdings

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