CC
Carlson Capital Management Historical SEC 13F Holdings & Archive (Q4 2024)
Carlson Capital ManagementCIK: 0001581298
Long-term holderConcentrated strategySector-focused
Total reported value
$2.3B
Reporting period: 2024-12-31 · Number of holdings: 112
Carlson Capital Management disclosed 112 holdings in its latest 13F filing for the period ending 2024-12-31, with total reported value of $2.3B and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 78.73
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 69.28
- Diversification
- 100
- Sizing Uniformity
- 53.92
Carlson Capital Management's disclosed holdings carry a Herfindahl concentration index of 0.197 — mathematically equivalent to about 5 equally-sized positions, well below its 112 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 4.61), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 4% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNo holding changes this quarter
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SFGV | Sequoia Global Value ETF | ETF-Other | 39.69% | — | +2.37% | |
| 2 | DSTL | Distillate US Fundamental St | ETF-Other | 12.74% | — | -3.15% | |
| 3 | VCSH | Vanguard S/t CORP Bond ETF | ETF-Corp Bonds | 10.15% | — | +5.04% | |
| 4 | BSV | Vanguard Short-term Bond ETF | ETF-Other | 7.70% | — | +10.00% | |
| 5 | DIHP | Dimensional International Hi | ETF-Other | 4.31% | — | +0.42% | |
| 6 | COWZ | Pacer US Cash Cows 100 ETF | ETF-Other | 4.20% | — | -1.66% | |
| 7 | AVUV | Avantis US Small Cap Value | ETF-Small Cap | 3.29% | — | +0.77% | |
| 8 | DFEM | Dimensional Emrg Mrkt Core | ETF-Other | 2.56% | — | +0.08% | |
| 9 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 2.07% | — | -2.72% | |
| 10 | ICOW | Pacer Developed Markets Inte | ETF-Other | 1.89% | — | +2.25% | |
| 11 | AVDV | Avantis Intl S/c Value ETF | ETF-Other | 1.62% | — | +0.99% | |
| 12 | VNQ | Vanguard Real Estate ETF | ETF-Other | 1.16% | — | +8.01% | |
| 13 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 0.84% | — | +1.47% | |
| 14 | VGSH | Vanguard Short-term Treasury | ETF-Gov Bonds | 0.74% | — | -1.62% | |
| 15 | AAPL | Apple Inc | Stock-Tech | 0.63% | — | +28.19% | |
| 16 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 0.59% | — | -5.06% | |
| 17 | ACN | Accenture plc | Stock-Tech | 0.48% | — | -0.52% | |
| 18 | VV | Vanguard Large-cap ETF | ETF-Other | 0.35% | — | -3.90% | |
| 19 | MMM | 3m Co | Stock-Industrials | 0.34% | — | -0.58% | |
| 20 | MSFT | Microsoft CORP | Stock-Tech | 0.33% | — | -7.72% | |
| 21 | IQLT | Ishares Msci International Q | ETF-Other | 0.27% | — | +43.12% | |
| 22 | DFAT | Dimensional US Target Value | ETF-Other | 0.24% | — | -3.76% | |
| 23 | AVRE | Avantis Real Estate ETF | ETF-Other | 0.24% | — | -9.41% | |
| 24 | AVEM | Avantis Emerging Markets Eq | ETF-Emerging Markets | 0.21% | — | +33.75% | |
| 25 | DFIV | Dimensional International Va | ETF-Other | 0.16% | — | +13.48% | |
| 26 | TSLA | Tesla Inc | Stock-Consumer Disc | 0.15% | — | +1.57% | |
| 27 | SHW | Sherwin-williams Co/the | Stock-Materials | 0.14% | — | -7.58% | |
| 28 | DFSU | Dimensional US Sus Core1 ETF | ETF-Other | 0.12% | — | +26.99% | |
| 29 | IAU | Ishares Gold Trust | ETF-Commodities | 0.12% | — | +0.17% | |
| 30 | HBAN | Huntington Bancshares Inc | Stock-Financials | 0.12% | — | +0.42% | |
| 31 | DUHP | Dimensional US High Profi Et | ETF-Other | 0.11% | — | -7.96% | |
| 32 | GGG | Graco Inc | Stock-Industrials | 0.10% | — | +0.75% | |
| 33 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.10% | — | +7.50% | |
| 34 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.10% | — | +1.11% | |
| 35 | VWO | Vanguard Ftse Emerging Marke | ETF-Emerging Markets | 0.08% | — | -8.83% | |
| 36 | DFAR | Dimensional US Real Est ETF | ETF-Other | 0.08% | — | -24.80% | |
| 37 | AVGO | Broadcom Inc | Stock-Tech | 0.08% | — | +6.46% | |
| 38 | DFUV | Dimensional US Marketwide Va | ETF-Other | 0.07% | — | +0.57% | |
| 39 | NVDA | Nvidia CORP | Stock-Tech | 0.06% | — | +19.20% | |
| 40 | VIG | Vanguard Dividend Apprec ETF | ETF-Other | 0.06% | — | +0.93% | |
| 41 | IWO | Ishares Russell 2000 Growth | ETF-Small Cap | 0.06% | — | — | |
| 42 | VTV | Vanguard Value ETF | ETF-Other | 0.05% | — | -1.86% | |
| 43 | HON | Honeywell International Inc | Stock-Industrials | 0.05% | — | -0.19% | |
| 44 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.05% | — | +6.64% | |
| 45 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.05% | — | -0.73% | |
| 46 | VBR | Vanguard Small-cap Value ETF | ETF-Other | 0.05% | — | +1.25% | |
| 47 | XOM | Exxon Mobil CORP | Stock-Energy | 0.05% | — | +2.03% | |
| 48 | DFSI | Dimensional Int Sus Cor1 ETF | ETF-Other | 0.05% | — | +37.06% | |
| 49 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.04% | — | +27.78% | |
| 50 | IEFA | Ishares Core Msci Eafe ETF | ETF-Other | 0.04% | — | — |
1–50 of 112
Portfolio Performance
Performance for Q3 2026
+5.2%
Performance Last 4 Quarters
+19.6%
- Stdev
- +10.1%
- Beta
- +0.6
- Alpha
- +2.7%
- Max Drawdown
- -5.3%
- Annualized Perf
- +15.2%
- Batting Avg vs S&P
- +41.7%
- Sortino
- +2.72
- Stutzer
- +0.42
- Treynor
- +0.24
- Sterling
- +1.05
- Calmar
- +2.84
- Information Ratio
- -0.64
- Tracking Error
- +8.2%
- Stdev Down
- +5.4%
- Winning Months %
- +63.9%
- Losing Months %
- +36.1%
- Best 12 Months
- +24.1%
- Worst 12 Months
- +3.9%
- Efficiency Ratio
- +0.56
- Sharpe
- +1.46
- Stdev Sectors
- +11.3%
- Skewness
- -0.42
- Kurtosis
- -0.48
- Upside Potential
- +4.29
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2024 Q4 | 112 | $2.3B | 0 | ||
| 2024 Q3 | 115 | $2.4B | 0 | ||
| 2024 Q2 | 106 | $2.1B | 0 | ||
| 2024 Q1 | 104 | $2.1B | 0 | ||
| 2023 Q4 | 205 | $1.9B | 0 | ||
| 2023 Q3 | 172 | $1.7B | 0 | ||
| 2023 Q2 | 167 | $1.7B | 0 | ||
| 2023 Q1 | 163 | $1.5B | 0 | ||
| 2022 Q4 | 165 | $1.4B | 0 | ||
| 2022 Q3 | 159 | $1.2B | 0 | ||
| 2022 Q2 | 167 | $1.1B | 0 | ||
| 2022 Q1 | 172 | $1.2B | 0 | ||
| 2021 Q4 | 171 | $1.2B | 0 | ||
| 2021 Q3 | 167 | $940.5M | 0 | ||
| 2021 Q2 | 151 | $709.4M | 90 | ||
| 2021 Q1 | 146 | $582.4M | 9 | ||
| 2020 Q4 | 134 | $543.0M | 18 | ||
| 2020 Q3 | 125 | $462.1M | 5 | ||
| 2020 Q2 | 119 | $446.3M | 14 | ||
| 2020 Q1 | 111 | $391.8M | 24 | ||
| 2019 Q4 | 117 | $469.7M | 14 | ||
| 2019 Q3 | 106 | $416.6M | 6 | ||
| 2019 Q2 | 102 | $408.7M | 5 | ||
| 2019 Q1 | 106 | $401.2M | 15 | ||
| 2018 Q4 | 85 | $351.5M | 18 | ||
| 2018 Q3 | 97 | $386.6M | 8 | ||
| 2018 Q2 | 87 | $368.6M | 7 | ||
| 2018 Q1 | 80 | $361.2M | 5 | ||
| 2017 Q4 | 92 | $374.5M | 10 | ||
| 2017 Q3 | 83 | $340.8M | 8 | ||
| 2017 Q2 | 80 | $331.3M | 8 | ||
| 2017 Q1 | 54 | $308.5M | 6 | ||
| 2016 Q4 | 56 | $296.4M | 6 | ||
| 2016 Q3 | 60 | $289.1M | 5 | ||
| 2016 Q2 | 59 | $278.1M | 4 | ||
| 2016 Q1 | 56 | $275.8M | 7 | ||
| 2015 Q4 | 57 | $263.4M | 11 | ||
| 2015 Q3 | 56 | $244.1M | 9 | ||
| 2015 Q2 | 59 | $263.3M | 5 | ||
| 2015 Q1 | 60 | $259.9M | 6 | ||
| 2014 Q4 | 57 | $249.4M | 5 | ||
| 2014 Q3 | 57 | $244.3M | 5 | ||
| 2014 Q2 | 49 | $243.7M | 4 | ||
| 2014 Q1 | 49 | $235.9M | 4 | ||
| 2013 Q4 | 58 | $238.2M | 9 | ||
| 2013 Q3 | 60 | $220.4M | 9 | ||
| 2013 Q2 | 60 | $211.3M | 0 |
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Holding changes this quarter
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|
Filing History
FAQ
What is Carlson Capital Management and what type of investor is it?
Carlson Capital Management 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 (2024-12-31), the firm manages a tracked equity portfolio valued at approximately $2.3B, spread across 112 disclosed positions.
What are Carlson Capital Management's largest equity positions?
Based on the latest 13F filing, Carlson Capital Management's top holdings by market value are:
1. Sequoia Global Value ETF (SFGV) — $909.3M (39.7%)
2. Distillate US Fundamental St (DSTL) — $291.9M (12.7%)
3. Vanguard S/t CORP Bond ETF (VCSH) — $232.6M (10.2%)
4. Vanguard Short-term Bond ETF (BSV) — $176.4M (7.7%)
5. Dimensional International Hi (DIHP) — $98.7M (4.3%)
What changes did Carlson Capital Management make in its most recent portfolio filing?
No notable portfolio changes were recorded for Carlson Capital Management in the most recent quarter. Holdings appear to have remained relatively stable.
What sectors does Carlson Capital Management focus on?
Carlson Capital Management is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 40.1%
• Health Care: 18.6%
• Industrials: 14.2%
• Consumer Discretionary: 8.9%
• Financials: 5.7%
• Materials: 4.4%
Investment Profile
Carlson Capital Management returned an annualized 15.2% over the trailing 36 months — outperforming the S&P 500 by 2.7 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.60 (less volatile than the market) and a 42% quarterly batting average against the index.
Its portfolio is concentrated and long-term-holding, with 40.1% of the portfolio concentrated in Information Technology.
Its concentration score has risen from 26 to 79 over the past 4 quarters — a shift toward higher-conviction positions.
It has added to its BSV position over the past two quarters (+$29.6M, now $176.4M), while trimming DFAR over the same stretch (-$2.3M, still holding $1.8M).
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Developer Access
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