CC
Clearfield Capital Management LP — 13F Filing & Top Stock Positions (Q2 2026)
Clearfield Capital Management LPCIK: 0001643569
High-turnover traderConcentrated strategySector-focused
Total reported value
$142.6M
Reporting period: 2026-06-30 · Number of holdings: 5
CLEARFIELD CAPITAL MANAGEMENT LP disclosed 5 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $142.6M and a quarterly turnover rate of 155.5%.
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Personality snowflake
- Concentration
- 100
- Portfolio Stability
- 100
- Momentum
- 0
- Sector conviction
- 100
- Diversification
- 10
- Sizing Uniformity
- 92.33
Clearfield Capital Management LP's disclosed holdings carry a Herfindahl concentration index of 0.294 — mathematically equivalent to about 3 equally-sized positions, close to its 5 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 0.77), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward initiating meaningfully larger new positions than it adds to existing ones (a 11.4 percentage-point tilt) — a pattern consistent with a more contrarian, new-idea-driven approach.
Sector classification currently covers about 38% 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.govAdd G11448100
+236.3% $54.4M
Add WULF
+132.8% $21.5M
New buy KEEL
Sold out ECG
Sold out USFD
Sold out VRT
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 | ✓ | Bitdeer Technologies Group | Stock-Other | 45.51% | +39.91% | +236.34% | |
| 2 | WULF | Terawulf Inc | Stock-Financials | 20.17% | +16.33% | +132.80% | |
| 3 | KEEL | Keel Infrastructure CORP | Stock-Other | 16.08% | +16.08% | NEW | |
| 4 | APLD | Applied Digital CORP | Stock-Tech | 13.46% | +6.96% | — | |
| 5 | CLSK | Cleanspark Inc | Stock-Financials | 4.78% | -1.29% | -65.04% |
Portfolio Performance
Performance for Q3 2026
-20.2%
Performance Last 4 Quarters
+27.8%
- Stdev
- +41.1%
- Beta
- +2.04
- Alpha
- -45.8%
- Max Drawdown
- -69%
- Annualized Perf
- -12.4%
- Batting Avg vs S&P
- +41.7%
- Sortino
- -0.17
- Stutzer
- -0.04
- Treynor
- -0.02
- Sterling
- -0.26
- Calmar
- -0.18
- Information Ratio
- -0.73
- Tracking Error
- +34.3%
- Stdev Down
- +28.7%
- Winning Months %
- +44.4%
- Losing Months %
- +55.6%
- Best 12 Months
- +134.6%
- Worst 12 Months
- -65.4%
- Efficiency Ratio
- +0.09
- Sharpe
- -0.12
- Stdev Sectors
- +15%
- Skewness
- +0.14
- Kurtosis
- -0.92
- Upside Potential
- +1.98
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 5 | $142.6M | 100 | ||
| 2026 Q1 | 17 | $187.9M | 56 | ||
| 2025 Q4 | 19 | $223.0M | 57 | ||
| 2025 Q3 | 11 | $167.1M | 100 | ||
| 2025 Q2 | 12 | $129.8M | 0 | ||
| 2025 Q1 | 6 | $76.2M | 100 | ||
| 2024 Q4 | 18 | $178.0M | 0 | ||
| 2024 Q3 | 5 | $161.0M | 0 | ||
| 2024 Q2 | 8 | $111.2M | 0 | ||
| 2024 Q1 | 10 | $117.9M | 0 | ||
| 2023 Q4 | 12 | $114.8M | 0 | ||
| 2023 Q3 | 2 | $100.1M | 0 | ||
| 2023 Q2 | 10 | $123.2M | 0 | ||
| 2023 Q1 | 4 | $64.1M | 0 | ||
| 2022 Q4 | 5 | $69.0M | 0 | ||
| 2022 Q3 | 3 | $37.1M | 0 | ||
| 2022 Q2 | 4 | $73.2M | 0 | ||
| 2022 Q1 | 5 | $157.1M | 0 | ||
| 2021 Q4 | 6 | $187.6M | 0 | ||
| 2021 Q3 | 7 | $124.4M | 0 | ||
| 2021 Q2 | 7 | $180.6M | 100 | ||
| 2021 Q1 | 9 | $262.6M | 58 | ||
| 2020 Q4 | 9 | $201.8M | 100 | ||
| 2020 Q3 | 13 | $191.2M | 100 | ||
| 2020 Q2 | 9 | $185.3M | 100 | ||
| 2020 Q1 | 9 | $147.7M | 100 | ||
| 2019 Q4 | 12 | $226.7M | 100 | ||
| 2019 Q3 | 8 | $161.8M | 100 | ||
| 2019 Q2 | 11 | $188.6M | 100 | ||
| 2019 Q1 | 13 | $277.1M | 100 | ||
| 2018 Q4 | 10 | $203.9M | 100 | ||
| 2018 Q3 | 14 | $348.9M | 92 | ||
| 2018 Q2 | 22 | $394.4M | 54 | ||
| 2018 Q1 | 16 | $385.8M | 84 | ||
| 2017 Q4 | 19 | $536.0M | 99 | ||
| 2017 Q3 | 23 | $532.9M | 84 | ||
| 2017 Q2 | 23 | $613.0M | 76 | ||
| 2017 Q1 | 20 | $457.5M | 67 | ||
| 2016 Q4 | 13 | $464.7M | 55 | ||
| 2016 Q3 | 12 | $440.8M | 41 | ||
| 2016 Q2 | 10 | $329.5M | 74 | ||
| 2016 Q1 | 11 | $277.8M | 39 | ||
| 2015 Q4 | 12 | $267.2M | 0 |
Holding changes this quarter
Clearfield Capital Management LP's most significant position changes for 2026-06-30: Sold out: Everus Construction Group (ECG); New buy: Keel Infrastructure CORP (KEEL); Sold out: US Foods Holding CORP (USFD); Sold out: Vertiv Holdings Co-a (VRT); Sold out: United Airlines Holdings Inc (UAL).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ✓ | Bitdeer Technologies Group | +39.9% | +236.34% | Add |
| 2 | WULF | Terawulf Inc | +16.3% | +132.80% | Add |
| 3 | KEEL | Keel Infrastructure CORP | +16.1% | NEW | New buy |
| 4 | APLD | Applied Digital CORP | +7% | — | Unchanged |
| 5 | LESL | Leslie's Inc | -0.1% | EXIT | Sold out |
| 6 | ✓ | Whitefiber Inc Shs | -1.2% | EXIT | Sold out |
| 7 | CLSK | Cleanspark Inc | -1.3% | -65.04% | Trim |
| 8 | CORZ | Core Scientific Inc | -3.8% | EXIT | Sold out |
| 9 | CEG | Constellation Energy | -3.8% | EXIT | Sold out |
| 10 | VST | Vistra CORP | -3.9% | EXIT | Sold out |
| 11 | RIOT | Riot Platforms Inc | -5.8% | EXIT | Sold out |
| 12 | TLN | Talen Energy CORP | -6.6% | EXIT | Sold out |
| 13 | DAL | Delta Air Lines Inc | -7% | EXIT | Sold out |
| 14 | UAL | United Airlines Holdings Inc | -10.9% | EXIT | Sold out |
| 15 | VRT | Vertiv Holdings Co-a | -11.1% | EXIT | Sold out |
| 16 | USFD | US Foods Holding CORP | -11.4% | EXIT | Sold out |
| 17 | ECG | Everus Construction Group | -12.4% | EXIT | Sold out |
Filing History
FAQ
What is Clearfield Capital Management LP and what type of investor is it?
Clearfield 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 $142.6M, spread across 5 disclosed positions.
What are Clearfield Capital Management LP's largest equity positions?
Based on the latest 13F filing, Clearfield Capital Management LP's top holdings by market value are:
1. Bitdeer Technologies Group — $64.9M (45.5%)
2. Terawulf Inc (WULF) — $28.8M (20.2%)
3. Keel Infrastructure CORP (KEEL) — $22.9M (16.1%)
4. Applied Digital CORP (APLD) — $19.2M (13.5%)
5. Cleanspark Inc (CLSK) — $6.8M (4.8%)
What changes did Clearfield Capital Management LP make in its most recent portfolio filing?
In the latest reported quarter, Clearfield Capital Management LP made 16 notable position adjustments: 1 new positions were initiated, 2 existing holdings were added to, 1 positions were partially reduced, and 12 were completely exited. The largest of these moves: Sold out: Everus Construction Group (ECG); New buy: Keel Infrastructure CORP (KEEL); Sold out: US Foods Holding CORP (USFD); Sold out: Vertiv Holdings Co-a (VRT); Sold out: United Airlines Holdings Inc (UAL)
What sectors does Clearfield Capital Management LP focus on?
Clearfield Capital Management LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 65.0%
• Information Technology: 35.0%
Investment Profile
Clearfield Capital Management LP returned an annualized -12.4% over the trailing 36 months — underperforming the S&P 500 by 45.8 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 2.04 (more volatile than the market) and a 42% quarterly batting average against the index.
Its portfolio is concentrated and fast-trading, with 65.0% of the portfolio concentrated in Financials.
Its turnover score has risen from 0 to 100 over the past 4 quarters — a shift toward more active trading.
It has added to its WULF position over the past two quarters (+$27.5M, now $28.8M), while trimming CLSK over the same stretch (-$6.7M, still holding $6.8M).
Peer Institutions
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EI
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OF
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Developer Access
Access Clearfield Capital Management LP's institutional profile programmatically:
REST API
curl https://alphasmo.com/api/v1/institutions/clearfield-capital-management-lpCLI
npx alphasmo institutions get clearfield-capital-management-lp