CC
Candelo Capital Management LP Quarterly 13F Portfolio Update (Q2 2026)
Candelo Capital Management LPCIK: 0001845660
Momentum followerQuality / disciplined sizingSector-focused
Total reported value
$162.3M
Reporting period: 2026-06-30 · Number of holdings: 34
Candelo Capital Management LP disclosed 34 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $162.3M and a quarterly turnover rate of 58.4%.
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Personality snowflake
- Concentration
- 15.62
- Portfolio Stability
- 58.45
- Momentum
- 100
- Sector conviction
- 85.44
- Diversification
- 60
- Sizing Uniformity
- 95.79
Candelo Capital Management LP's disclosed holdings carry a Herfindahl concentration index of 0.039 — mathematically equivalent to about 26 equally-sized positions, close to its 34 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.42), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govSold out IWM
New buy PH
New buy AIT
New buy AME
New buy TFII
New buy TKR
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 30 holdings (of 34 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SMH | Vaneck Semiconductor ETF | ETF-Other | 8.08% | +1.75% | — | |
| 2 | TDY | Teledyne Technologies Inc | Stock-Tech | 5.66% | +0.44% | +31.76% | |
| 3 | GVA | Granite Construction Inc | Stock-Industrials | 5.24% | -0.13% | -0.92% | |
| 4 | CTRI | Centuri Holdings Inc | Stock-Other | 4.67% | -1.01% | +6.54% | |
| 5 | PH | Parker Hannifin CORP | Stock-Industrials | 4.39% | +4.39% | NEW | |
| 6 | AMAT | Applied Materials Inc | Stock-Tech | 4.37% | +0.73% | -24.03% | |
| 7 | MRCY | Mercury Systems Inc | Stock-Industrials | 4.08% | +0.44% | -10.59% | |
| 8 | PWR | Quanta Services Inc | Stock-Industrials | 3.77% | +0.53% | +18.91% | |
| 9 | AIT | Applied Industrial Tech Inc | Stock-Industrials | 3.74% | +3.74% | NEW | |
| 10 | LIN | Linde plc | Stock-Materials | 3.54% | -2.06% | -19.21% | |
| 11 | ATI | Ati Inc | Stock-Industrials | 3.36% | -0.86% | -21.33% | |
| 12 | KGS | Kodiak Gas Services Inc | Stock-Other | 3.30% | -2.84% | -44.05% | |
| 13 | ESI | Element Solutions Inc | Stock-Materials | 3.28% | -0.30% | -12.19% | |
| 14 | WMB | Williams Cos Inc | Stock-Energy | 3.28% | -1.03% | — | |
| 15 | SEI | Solaris Energy Infrastructur | Stock-Energy | 3.27% | -0.35% | -14.97% | |
| 16 | AME | Ametek Inc | Stock-Industrials | 3.16% | +3.16% | NEW | |
| 17 | TFII | Tfi International Inc | Stock-Other | 3.03% | +3.03% | NEW | |
| 18 | WWD | Woodward Inc | Stock-Industrials | 3.01% | -1.51% | -24.97% | |
| 19 | ATS | Ats CORP | Stock-Other | 2.93% | -0.60% | +8.84% | |
| 20 | TKR | Timken Co | Stock-Industrials | 2.84% | +2.84% | NEW | |
| 21 | TLN | Talen Energy CORP | Stock-Utilities | 2.77% | -0.31% | — | |
| 22 | MOD | Modine Manufacturing Co | Stock-Consumer Disc | 2.65% | -1.54% | -31.25% | |
| 23 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 2.64% | -0.35% | -16.28% | |
| 24 | ADI | Analog Devices Inc | Stock-Tech | 2.63% | -1.55% | -32.44% | |
| 25 | TMO | Thermo Fisher Scientific Inc | Stock-Healthcare | 2.61% | +2.61% | NEW | |
| 26 | GLW | Corning Inc | Stock-Tech | 2.54% | +0.31% | -18.65% | |
| 27 | MTSI | Macom Technology Solutions H | Stock-Tech | 1.87% | +0.01% | -21.25% | |
| 28 | ENTG | Entegris Inc | Stock-Tech | 1.22% | +1.22% | NEW | |
| 29 | CIFR | Cipher Digital Inc | Stock-Tech | 1.16% | +1.16% | NEW | |
| 30 | CEG | Constellation Energy | Stock-Utilities | 0.92% | +0.92% | NEW |
Portfolio Performance
Performance for Q3 2026
-11.1%
Performance Last 4 Quarters
+36%
- Stdev
- +25.4%
- Beta
- +1.26
- Alpha
- +4.5%
- Max Drawdown
- -19.1%
- Annualized Perf
- +27.6%
- Batting Avg vs S&P
- +53.3%
- Sortino
- +1.91
- Stutzer
- +0.32
- Treynor
- +0.22
- Sterling
- +1.01
- Calmar
- +1.45
- Information Ratio
- +0.45
- Tracking Error
- +20.6%
- Stdev Down
- +14.5%
- Winning Months %
- +66.7%
- Losing Months %
- +33.3%
- Best 12 Months
- +84.1%
- Worst 12 Months
- -4.1%
- Efficiency Ratio
- +0.45
- Sharpe
- +1.09
- Stdev Sectors
- +14.2%
- Skewness
- -0.33
- Kurtosis
- -0.11
- Upside Potential
- +3.5
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Holding changes this quarter
Candelo Capital Management LP's most significant position changes for 2026-06-30: New buy: Parker Hannifin CORP (PH); Sold out: Ishares Russell 2000 ETF (IWM); New buy: Applied Industrial Tech Inc (AIT); New buy: Ametek Inc (AME); New buy: Tfi International Inc (TFII).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | PH | Parker Hannifin CORP | +4.4% | NEW | New buy |
| 2 | AIT | Applied Industrial Tech Inc | +3.7% | NEW | New buy |
| 3 | AME | Ametek Inc | +3.2% | NEW | New buy |
| 4 | TFII | Tfi International Inc | +3% | NEW | New buy |
| 5 | TKR | Timken Co | +2.8% | NEW | New buy |
| 6 | TMO | Thermo Fisher Scientific Inc | +2.6% | NEW | New buy |
| 7 | SMH | Vaneck Semiconductor ETF | +1.8% | — | Unchanged |
| 8 | ENTG | Entegris Inc | +1.2% | NEW | New buy |
| 9 | CIFR | Cipher Digital Inc | +1.2% | NEW | New buy |
| 10 | CEG | Constellation Energy | +0.9% | NEW | New buy |
| 11 | AMAT | Applied Materials Inc | +0.7% | -24.03% | Trim |
| 12 | PWR | Quanta Services Inc | +0.5% | +18.91% | Add |
| 13 | TDY | Teledyne Technologies Inc | +0.4% | +31.76% | Add |
| 14 | MRCY | Mercury Systems Inc | +0.4% | -10.59% | Trim |
| 15 | GLW | Corning Inc | +0.3% | -18.65% | Trim |
| 16 | MTSI | Macom Technology Solutions H | 0% | -21.25% | Trim |
| 17 | GVA | Granite Construction Inc | -0.1% | -0.92% | Trim |
| 18 | ESI | Element Solutions Inc | -0.3% | -12.19% | Trim |
| 19 | TLN | Talen Energy CORP | -0.3% | — | Unchanged |
| 20 | XLI | Ss Industrial Select Sector | -0.3% | EXIT | Sold out |
| 21 | SEI | Solaris Energy Infrastructur | -0.4% | -14.97% | Trim |
| 22 | TSM | Taiwan Semiconductor-sp Adr | -0.4% | -16.28% | Trim |
| 23 | 6D8 | Dupont De Nemours Inc | -0.6% | EXIT | Sold out |
| 24 | ATS | Ats CORP | -0.6% | +8.84% | Add |
| 25 | HWM | Howmet Aerospace Inc | -0.8% | EXIT | Sold out |
| 26 | ATI | Ati Inc | -0.9% | -21.33% | Trim |
| 27 | CTRI | Centuri Holdings Inc | -1% | +6.54% | Add |
| 28 | VRT | Vertiv Holdings Co-a | -1% | EXIT | Sold out |
| 29 | WMB | Williams Cos Inc | -1% | — | Unchanged |
| 30 | GE | General Electric | -1.2% | EXIT | Sold out |
| 31 | CW | Curtiss-wright CORP | -1.4% | EXIT | Sold out |
| 32 | WWD | Woodward Inc | -1.5% | -24.97% | Trim |
| 33 | MOD | Modine Manufacturing Co | -1.5% | -31.25% | Trim |
| 34 | ADI | Analog Devices Inc | -1.6% | -32.44% | Trim |
| 35 | LIN | Linde plc | -2.1% | -19.21% | Trim |
| 36 | LNG | Cheniere Energy Inc | -2.4% | EXIT | Sold out |
| 37 | KGS | Kodiak Gas Services Inc | -2.8% | -44.05% | Trim |
| 38 | IWM | Ishares Russell 2000 ETF | -5.1% | EXIT | Sold out |
Filing History
FAQ
What is Candelo Capital Management LP and what type of investor is it?
Candelo Capital Management LP is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $162.3M, spread across 34 disclosed positions.
What are Candelo Capital Management LP's largest equity positions?
Based on the latest 13F filing, Candelo Capital Management LP's top holdings by market value are:
1. Vaneck Semiconductor ETF (SMH) — $13.1M (8.1%)
2. Teledyne Technologies Inc (TDY) — $9.2M (5.7%)
3. Granite Construction Inc (GVA) — $8.5M (5.2%)
4. Centuri Holdings Inc (CTRI) — $7.6M (4.7%)
5. Parker Hannifin CORP (PH) — $7.1M (4.4%)
What changes did Candelo Capital Management LP make in its most recent portfolio filing?
In the latest reported quarter, Candelo Capital Management LP made 35 notable position adjustments: 9 new positions were initiated, 4 existing holdings were added to, 14 positions were partially reduced, and 8 were completely exited. The largest of these moves: New buy: Parker Hannifin CORP (PH); Sold out: Ishares Russell 2000 ETF (IWM); New buy: Applied Industrial Tech Inc (AIT); New buy: Ametek Inc (AME); New buy: Tfi International Inc (TFII)
What sectors does Candelo Capital Management LP focus on?
Candelo Capital Management LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Industrials: 43.1%
• Information Technology: 28.3%
• Materials: 8.8%
• Energy: 8.4%
• Utilities: 4.7%
• Consumer Discretionary: 3.4%
Investment Profile
Candelo Capital Management LP returned an annualized 27.6% over the trailing 30 months — outperforming the S&P 500 by 4.5 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.26 (more volatile than the market) and a 53% quarterly batting average against the index.
Its portfolio is broadly diversified and fast-trading, with 43.1% of the portfolio concentrated in Industrials.
Its turnover score has risen from 0 to 58 over the past 4 quarters — a shift toward more active trading.
It has added to its SMH position for two straight quarters, increasing it by $10.6M to reach $13.1M.
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