CC
Carronade Capital Management, LP 13F Filings Tracker & Latest Positions (Q2 2026)
Carronade Capital Management, LPCIK: 0001866872
Concentrated strategySector-focusedMomentum follower
Total reported value
$5.8B
Reporting period: 2026-06-30 · Number of holdings: 28
CARRONADE CAPITAL MANAGEMENT, LP disclosed 28 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $5.8B and a quarterly turnover rate of 50.5%.
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Personality snowflake
- Concentration
- 100
- Portfolio Stability
- 50.46
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 46
- Sizing Uniformity
- 72.63
Carronade Capital Management, LP's disclosed holdings carry a Herfindahl concentration index of 0.355 — mathematically equivalent to about 3 equally-sized positions, well below its 28 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 2.74), 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 31% 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.govTrim SPY
-50.4% -$2.5B
Add VSAT
+2.5% $243.7M
Add TLN
+23.4% $99.9M
New buy VZ
Add ACHC
+24.1% $50.9M
Add BKD
+15.0% $41.5M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 23 holdings (of 28 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 58.20% | -18.93% | -50.41% | |
| 2 | VSAT | Viasat Inc | Stock-Tech | 8.40% | +5.25% | +2.50% | |
| 3 | TLN | Talen Energy CORP | Stock-Utilities | 5.29% | +2.60% | +23.43% | |
| 4 | CMCSA | Comcast Corp-class A | Stock-Comm Services | 3.53% | +0.91% | +18.81% | |
| 5 | TDS | Telephone And Data Systems | Stock-Comm Services | 3.41% | +0.87% | +15.04% | |
| 6 | CTRI | Centuri Holdings Inc | Stock-Other | 2.89% | +1.07% | +15.82% | |
| 7 | BKD | Brookdale Senior Living Inc | Stock-Other | 2.75% | +1.21% | +15.04% | |
| 8 | VISN | Vistance Networks Inc | Stock-Tech | 2.46% | +0.64% | +45.24% | |
| 9 | ACHC | Acadia Healthcare Co Inc | Stock-Other | 2.44% | +1.27% | +24.12% | |
| 10 | SPHR 3.5 12-01-28Bond | Sphere Entertainment Co | Bond | 1.81% | +0.87% | — | |
| 11 | ECHO 3.875 11-30-30Bond | Echostar CORP | Bond | 1.49% | +0.29% | +8.22% | |
| 12 | VZ | Verizon Communications Inc | Stock-Comm Services | 1.48% | +1.48% | NEW | |
| 13 | ECHO | Echostar Corp-a | Stock-Comm Services | 1.23% | +0.01% | -12.54% | |
| 14 | DHC | Diversified Healthcare Trust | Stock-Other | 0.99% | +0.53% | +16.53% | |
| 15 | BNO | United States Brent Oil Fund | ETF-Other | 0.95% | +0.95% | NEW | |
| 16 | CNNE | Cannae Holdings Inc | Stock-Other | 0.81% | +0.33% | -1.00% | |
| 17 | UHS | Universal Health Services-b | Stock-Healthcare | 0.51% | +0.52% | NEW | |
| 18 | SPHR | Sphere Entertainment Co | Stock-Comm Services | 0.47% | +0.40% | +244.30% | |
| 19 | CORZ | Core Scientific Inc | Stock-Tech | 0.44% | +0.42% | +882.00% | |
| 20 | ✓ | Valaris LTD Wt Exp 042928 | Stock-Other | 0.17% | -0.04% | +17.66% | |
| 21 | WW | Ww International Inc-new | Stock-Other | 0.13% | +0.05% | +2.38% | |
| 22 | CYH | Community Health Systems Inc | Stock-Other | 0.09% | +0.04% | +18.45% | |
| 23 | BKD 2 10-15-26Bond | Brookdale Senior Living | Bond | 0.07% | +0.03% | — |
Portfolio Performance
Performance for Q3 2026
-1%
Performance Last 4 Quarters
+10.2%
- Stdev
- +15.6%
- Beta
- +0.97
- Alpha
- -9.2%
- Max Drawdown
- -9.3%
- Annualized Perf
- +9.4%
- Batting Avg vs S&P
- +44.4%
- Sortino
- +1.14
- Stutzer
- +0.19
- Treynor
- +0.11
- Sterling
- +0.56
- Calmar
- +1.02
- Information Ratio
- -1.04
- Tracking Error
- +9.4%
- Stdev Down
- +8.9%
- Winning Months %
- +58.3%
- Losing Months %
- +41.7%
- Best 12 Months
- +32.9%
- Worst 12 Months
- -5.2%
- Efficiency Ratio
- +0.24
- Sharpe
- +0.65
- Stdev Sectors
- +16.6%
- Skewness
- +0.24
- Kurtosis
- -0.5
- Upside Potential
- +3.03
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 28 | $5.8B | 50 | ||
| 2026 Q1 | 32 | $7.7B | 36 | ||
| 2025 Q4 | 31 | $7.3B | 58 | ||
| 2025 Q3 | 33 | $4.3B | 97 | ||
| 2025 Q2 | 27 | $1.4B | 0 | ||
| 2025 Q1 | 31 | $1.8B | 0 | ||
| 2024 Q4 | 38 | $1.9B | 0 | ||
| 2024 Q3 | 32 | $1.5B | 0 | ||
| 2024 Q2 | 31 | $1.9B | 0 | ||
| 2024 Q1 | 24 | $1.6B | 0 | ||
| 2023 Q4 | 22 | $872.1M | 0 | ||
| 2023 Q3 | 28 | $680.4M | 0 | ||
| 2023 Q2 | 18 | $411.6M | 0 | ||
| 2023 Q1 | 21 | $246.8M | 0 | ||
| 2022 Q4 | 24 | $458.5M | 0 | ||
| 2022 Q3 | 30 | $898.6M | 0 | 178462F246090E378468R | |
| 2022 Q2 | 26 | $706.0M | 0 | ||
| 2022 Q1 | 32 | $1.4B | 0 | ||
| 2021 Q4 | 26 | $337.2M | 0 |
Holding changes this quarter
Carronade Capital Management, LP's most significant position changes for 2026-06-30: New buy: Verizon Communications Inc (VZ); New buy: United States Brent Oil Fund (BNO); New buy: Universal Health Services-b (UHS); Sold out: Jetblue Airways CORP (JBLU); Sold out: Optimum Communications Inc-a (OPTU).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | VSAT | Viasat Inc | +5.3% | +2.50% | Add |
| 2 | TLN | Talen Energy CORP | +2.6% | +23.43% | Add |
| 3 | VZ | Verizon Communications Inc | +1.5% | NEW | New buy |
| 4 | ACHC | Acadia Healthcare Co Inc | +1.3% | +24.12% | Add |
| 5 | BKD | Brookdale Senior Living Inc | +1.2% | +15.04% | Add |
| 6 | CTRI | Centuri Holdings Inc | +1.1% | +15.82% | Add |
| 7 | BNO | United States Brent Oil Fund | +1% | NEW | New buy |
| 8 | CMCSA | Comcast Corp-class A | +0.9% | +18.81% | Add |
| 9 | SPHR 3.5 12-01-28Bond | Sphere Entertainment Co | +0.9% | — | Unchanged |
| 10 | TDS | Telephone And Data Systems | +0.9% | +15.04% | Add |
| 11 | VISN | Vistance Networks Inc | +0.6% | +45.24% | Add |
| 12 | DHC | Diversified Healthcare Trust | +0.5% | +16.53% | Add |
| 13 | UHS | Universal Health Services-b | +0.5% | NEW | New buy |
| 14 | CORZ | Core Scientific Inc | +0.4% | +882.00% | Add |
| 15 | SPHR | Sphere Entertainment Co | +0.4% | +244.30% | Add |
| 16 | CNNE | Cannae Holdings Inc | +0.3% | -1.00% | Trim |
| 17 | ECHO 3.875 11-30-30Bond | Echostar CORP | +0.3% | +8.22% | Add |
| 18 | WW | Ww International Inc-new | +0.1% | +2.38% | Add |
| 19 | CYH | Community Health Systems Inc | 0% | +18.45% | Add |
| 20 | BKD 2 10-15-26Bond | Brookdale Senior Living | 0% | — | Unchanged |
| 21 | ECHO | Echostar Corp-a | 0% | -12.54% | Trim |
| 22 | ✓ | Valaris LTD Wt Exp 042928 | 0% | +17.66% | Add |
| 23 | ESS | Essex Property Trust Inc | -0.1% | EXIT | Sold out |
| 24 | MAA | Mid-america Apartment Comm | -0.1% | EXIT | Sold out |
| 25 | UDR | Udr Inc | -0.1% | EXIT | Sold out |
| 26 | AVB | Avalonbay Communities Inc | -0.1% | EXIT | Sold out |
| 27 | CPT | Camden Property Trust | -0.1% | EXIT | Sold out |
| 28 | EQR | Equity Residential | -0.1% | EXIT | Sold out |
| 29 | OPTU | Optimum Communications Inc-a | -0.1% | EXIT | Sold out |
| 30 | JBLU | Jetblue Airways CORP | -0.1% | EXIT | Sold out |
| 31 | SPY | Ss Spdr S&p 500 ETF Trust-us | -18.9% | -50.41% | Trim |
Filing History
FAQ
What is Carronade Capital Management, LP and what type of investor is it?
Carronade 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 $5.8B, spread across 28 disclosed positions.
What are Carronade Capital Management, LP's largest equity positions?
Based on the latest 13F filing, Carronade Capital Management, LP's top holdings by market value are:
1. Ss Spdr S&p 500 ETF Trust-us (SPY) — $3.4B (58.2%)
2. Viasat Inc (VSAT) — $485.0M (8.4%)
3. Talen Energy CORP (TLN) — $305.7M (5.3%)
4. Comcast Corp-class A (CMCSA) — $203.7M (3.5%)
5. Telephone And Data Systems (TDS) — $196.9M (3.4%)
What changes did Carronade Capital Management, LP make in its most recent portfolio filing?
In the latest reported quarter, Carronade Capital Management, LP made 29 notable position adjustments: 3 new positions were initiated, 15 existing holdings were added to, 3 positions were partially reduced, and 8 were completely exited. The largest of these moves: New buy: Verizon Communications Inc (VZ); New buy: United States Brent Oil Fund (BNO); New buy: Universal Health Services-b (UHS); Sold out: Jetblue Airways CORP (JBLU); Sold out: Optimum Communications Inc-a (OPTU)
What sectors does Carronade Capital Management, LP focus on?
Carronade Capital Management, LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Communication Services: 44.0%
• Information Technology: 37.0%
• Utilities: 17.4%
• Health Care: 1.7%
Investment Profile
Carronade Capital Management, LP returned an annualized 9.4% over the trailing 36 months — underperforming the S&P 500 by 9.2 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.97 (roughly in line with the market) and a 44% quarterly batting average against the index.
Its portfolio is concentrated and moderately active, with 44.0% of the portfolio concentrated in Communication Services.
Its turnover score has risen from 0 to 50 over the past 4 quarters — a shift toward more active trading.
It has added to its VSAT position over the past two quarters (+$322.6M, now $485.0M), while trimming ECHO over the same stretch (-$42.7M, still holding $70.8M).
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