Clearfield Capital Management LP

ContrarianQuality / disciplined sizingSector-focused

Total reported value

$187.9M

Reporting period: 2026-03-31 · Number of holdings: 17

CLEARFIELD CAPITAL MANAGEMENT LP disclosed 17 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $187.9M and a quarterly turnover rate of 56.0%.

Personality snowflake

Concentration: 32.95
Portfolio Stability: 55.99
Momentum/Contrarian: 0
Sector conviction: 83.22
Diversification: 32
Sizing Uniformity: 94.18

Recent moves

Trim CORZ
-82.5%　-$32.2M
Trim G96115103
-85.9%　-$18.6M
Add VRT
0.0%　$7.4M
Add ECG
0.0%　$6.4M
Add USFD
0.0%　$3.9M
Add RIOT
+118.5%　$5.8M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 16 holdings (of 17 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	ECG	Everus Construction Group	Stock-Industrials	12.42%	+4.83%	—
2	USFD	US Foods Holding CORP	Stock-Consumer Staples	11.40%	+3.56%	—
3	VRT	Vertiv Holdings Co-a	Stock-Industrials	11.12%	+5.06%	—
4	UAL	United Airlines Holdings INC	Stock-Industrials	10.91%	-0.82%	-4.83%
5	DAL	Delta Air Lines INC	Stock-Industrials	7.00%	+0.54%	-4.77%
6	TLN	Talen Energy CORP	Stock-Utilities	6.64%	+0.07%	—
7	APLD	Applied Digital CORP	Stock-Tech	6.50%	+0.84%	—
8	CLSK	Cleanspark INC	Stock-Financials	6.07%	+0.02%	+0.46%
9	RIOT	Riot Platforms INC	Stock-Financials	5.78%	+3.49%	+118.48%
10	✓	Bitdeer Technologies Group	Stock-Other	5.60%	+5.60%	NEW
11	VST	Vistra CORP	Stock-Utilities	3.88%	+0.37%	—
12	WULF	Terawulf INC	Stock-Financials	3.84%	+3.26%	+347.63%
13	CEG	Constellation Energy	Stock-Utilities	3.78%	-0.24%	—
14	CORZ	Core Scientific INC	Stock-Tech	3.76%	-13.85%	-82.50%
15	✓	Whitefiber INC Shs	Stock-Other	1.17%	-8.14%	-85.91%
16	LESL	Leslie's INC	Stock-Other	0.11%	-0.03%	-0.08%

Portfolio Performance

Performance for Q3 2026

+0.9%

Performance Last 4 Quarters

+56%

Based on 63% of reported portfolio value with available pricing

Stdev: +52.2%
Beta: +2.46
Alpha: -3%
Max Drawdown: -39.9%
Annualized Perf: +35.8%
Batting Avg vs S&P: +44.8%
Sortino: +1.65
Stutzer: +0.25
Treynor: +0.18
Sterling: +0.9
Calmar: +0.9
Information Ratio: +0.55
Tracking Error: +44.6%
Stdev Down: +26.3%
Winning Months %: +55.2%
Losing Months %: +44.8%
Best 12 Months: +187.9%
Worst 12 Months: -15.1%
Efficiency Ratio: +0.31
Sharpe: +0.83
Stdev Sectors: +12.4%
Skewness: +0.41
Kurtosis: -0.42
Upside Potential: +3.61

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	17	$187.9M	56	1ECG 2USFD 3VRT Top holdings2026-03-31 1.ECG 2.USFD 3.VRT 4.UAL 5.DAL 6.TLN 7.APLD 8.CLSK 9.RIOT 10.G11448
2025-12-31	19	$223.0M	57	1CORZ 2UAL3G96115 Top holdings2025-12-31 1.CORZ 2.UAL 3.G96115 4.USFD 5.ECG 6.TLN 7.DAL 8.VRT 9.CLSK 10.APLD
2025-09-30	11	$167.1M	100	1UAL 2TLN 3ECG Top holdings2025-09-30 1.UAL 2.TLN 3.ECG 4.USFD 5.DAL 6.VRT 7.APLD 8.VST 9.CEG 10.G96115
2025-06-30	12	$129.8M	0	1USFD 2VRT 3ECG Top holdings2025-06-30 1.USFD 2.VRT 3.ECG 4.UAL 5.CEG 6.VST 7.GTM 8.TLN 9.DAL 10.APLD
2025-03-31	6	$76.2M	100	1APLD 2USFD 3IFF Top holdings2025-03-31 1.APLD 2.USFD 3.IFF 4.PFGC 5.ECG 6.CMTL
2024-12-31	18	$178.0M	0	1APLD 2IFF 3USFD Top holdings2024-12-31 1.APLD 2.IFF 3.USFD 4.UAL 5.MAR 6.H 7.HLT 8.DAL 9.G11448 10.NCLH
2024-09-30	5	$161.0M	0	1APLD 2IFF 3USFD Top holdings2024-09-30 1.APLD 2.IFF 3.USFD 4.LESL 5.CMTL
2024-06-30	8	$111.2M	0	1APLD 2IFF 3USFD Top holdings2024-06-30 1.APLD 2.IFF 3.USFD 4.LESL 5.ASH 6.CMTL 7.GO 8.WSC
2024-03-31	10	$117.9M	0	1IFF 2USFD 3WSC Top holdings2024-03-31 1.IFF 2.USFD 3.WSC 4.RBA 5.ASH 6.GO 7.LESL 8.DOCN 9.RRX 10.EFX
2023-12-31	12	$114.8M	0	1IFF 2USFD 3RBA Top holdings2023-12-31 1.IFF 2.USFD 3.RBA 4.GO 5.TRU 6.CTLTEUR 7.LESL 8.RRX 9.HAS 10.WSC
2023-09-30	2	$100.1M	0	1GO 2USFD Top holdings2023-09-30 1.GO 2.USFD
2023-06-30	10	$123.2M	0	1GO 2USFD 3CTLTEUR Top holdings2023-06-30 1.GO 2.USFD 3.CTLTEUR 4.IFF 5.FERG 6.ASH 7.RBA 8.BFAM 9.LKQ 10.FYBR
2023-03-31	4	$64.1M	0	1USFD 2FYBR 3FERG Top holdings2023-03-31 1.USFD 2.FYBR 3.FERG 4.FIS
2022-12-31	5	$69.0M	0	1USFD 2FERG 3FIS Top holdings2022-12-31 1.USFD 2.FERG 3.FIS 4.FYBR 5.BFAM
2022-09-30	3	$37.1M	0	1USFD 2FYBR 3ADNT Top holdings2022-09-30 1.USFD 2.FYBR 3.ADNT
2022-06-30	4	$73.2M	0	1FYBR 2ADNT 3DIN Top holdings2022-06-30 1.FYBR 2.ADNT 3.DIN 4.USFD
2022-03-31	5	$157.1M	0	1EPAYEUR 2FYBR 3ADNT Top holdings2022-03-31 1.EPAYEUR 2.FYBR 3.ADNT 4.SABR 5.DIN
2021-12-31	6	$187.6M	0	1EPAYEUR 2ACIW 3FYBR Top holdings2021-12-31 1.EPAYEUR 2.ACIW 3.FYBR 4.ADNT 5.DIN 6.BLMN
2021-09-30	7	$124.4M	0	1ACIW 2WSC 3ADNT Top holdings2021-09-30 1.ACIW 2.WSC 3.ADNT 4.FYBR 5.EPAYEUR 6.DIN
2021-06-30	7	$180.6M	100	1EPAYEUR 2ADNT 3WSC Top holdings2021-06-30 1.EPAYEUR 2.ADNT 3.WSC 4.FTCHQ 5.ACIW 6.RBLX 7.FYBR
2021-03-31	9	$262.6M	58	1IFF 2EXPE 3ADNT Top holdings2021-03-31 1.IFF 2.EXPE 3.ADNT 4.WSC 5.ACIW 6.BLMN 7.USFD 8.DIN 9.PFGC
2020-12-31	9	$201.8M	100	1IFF 2EXPE 3LKQ Top holdings2020-12-31 1.IFF 2.EXPE 3.LKQ 4.ACIW 5.USFD 6.DIN 7.PFGC 8.BLMN 9.44891N
2020-09-30	13	$191.2M	100	1LKQ 2EXPE369355F Top holdings2020-09-30 1.LKQ 2.EXPE 3.69355F 4.CCXI 5.ACIW 6.WAB 7.USFD 8.SHAK 9.EEFT 10.44891N
2020-06-30	9	$185.3M	100	169355F2LKQ 3WEN Top holdings2020-06-30 1.69355F 2.LKQ 3.WEN 4.ELAN 5.SHAK 6.QSR 7.PLANUSD 8.ANGI1EUR 9.CDLXEUR
2020-03-31	9	$147.7M	100	1A 2FIS 3LKQ Top holdings2020-03-31 1.A 2.FIS 3.LKQ 4.IAA-WUSD 5.QSR 6.CHTR 7.AXTA 8.FWONKUSD 9.WEN
2019-12-31	12	$226.7M	100	1NSP 2LKQ 3XYZ Top holdings2019-12-31 1.NSP 2.LKQ 3.XYZ 4.A 5.GDDY 6.FICO 7.FWONKUSD 8.UNVREUR 9.WAB 10.MSI
2019-09-30	8	$161.8M	100	1LHX 2LKQ 3FWONKUSD Top holdings2019-09-30 1.LHX 2.LKQ 3.FWONKUSD 4.EFX 5.GDDY 6.VG1EUR 7.MSI 8.UNVREUR
2019-06-30	11	$188.6M	100	1ELAN 2AXTA 3EFX Top holdings2019-06-30 1.ELAN 2.AXTA 3.EFX 4.IAA-WUSD 5.VG1EUR 6.GDDY 7.FWONKUSD 8.UNVREUR 9.PZZA 10.CAG
2019-03-31	13	$277.1M	100	1ELAN 2CAG 3EFX Top holdings2019-03-31 1.ELAN 2.CAG 3.EFX 4.MSI 5.TDG 6.CHTR 7.FICO 8.ARMK 9.GDDY 10.UNVREUR
2018-12-31	10	$203.9M	100	1TDG 2MSI 3GDDY Top holdings2018-12-31 1.TDG 2.MSI 3.GDDY 4.TRI 5.SHW 6.CHTR 7.BCBEUR 8.NYT 9.USFD 10.ZAYOEUR
2018-09-30	14	$348.9M	92	1NOC 2TDG 3ARMK Top holdings2018-09-30 1.NOC 2.TDG 3.ARMK 4.GDDY 5.APTV 6.LPLA 7.EFX 8.CHTR 9.TRI 10.V
2018-06-30	22	$394.4M	54	1SHW 2NOC 3USFD Top holdings2018-06-30 1.SHW 2.NOC 3.USFD 4.GDDY 5.FUL 6.LPLA 7.TDG 8.7SU 9.V 10.APTV
2018-03-31	16	$385.8M	84	1NOC 2TDG 3SHW Top holdings2018-03-31 1.NOC 2.TDG 3.SHW 4.USFD 5.BIO 6.VRSK 7.GDDY 8.MGM 9.V 10.7SU
2017-12-31	19	$536.0M	99	1AZO 2SHW 3NOC Top holdings2017-12-31 1.AZO 2.SHW 3.NOC 4.RSG 5.USFD 6.92210H 7.233326 8.GDDY 9.CDK 10.BIO
2017-09-30	23	$532.9M	84	1AZO 2TDG 3SHW Top holdings2017-09-30 1.AZO 2.TDG 3.SHW 4.BIO 5.7SU 6.UHS 7.PNW 8.USFD 9.MDLZ 10.NOC
2017-06-30	23	$613.0M	76	1TDG 2AZO 3WCN Top holdings2017-06-30 1.TDG 2.AZO 3.WCN 4.BIO 5.UHS 6.BCBEUR 7.AON 8.USFD 9.29414D 10.PNW
2017-03-31	20	$457.5M	67	1WCN 2TDG 3TAP Top holdings2017-03-31 1.WCN 2.TDG 3.TAP 4.THS 5.PNW 6.CHTR 7.MDLZ 8.IHS 9.USFD 10.BALL
2016-12-31	13	$464.7M	55	1BALL 2SHW 3TDG Top holdings2016-12-31 1.BALL 2.SHW 3.TDG 4.WCN 5.AAP 6.TAP 7.PNW 8.MDLZ 9.CHTR 10.THS
2016-09-30	12	$440.8M	41	1BALL 2TDG 3AAP Top holdings2016-09-30 1.BALL 2.TDG 3.AAP 4.APD 5.PNW 6.CHTR 7.THS 8.SHW 9.WCN 10.SSNC
2016-06-30	10	$329.5M	74	1TDG 2AAP 3BALL Top holdings2016-06-30 1.TDG 2.AAP 3.BALL 4.APD 5.CHTR 6.PNW 7.WCN 8.SSNC 9.THS 10.USA
2016-03-31	11	$277.8M	39	1BALL 2APD 3TDG Top holdings2016-03-31 1.BALL 2.APD 3.TDG 4.SABR 5.AAP 6.SERVUSD 7.CHTR 8.SSNC 9.PNW 10.USA
2015-12-31	12	$267.2M	0	1TDG 2APD 3BALL Top holdings2015-12-31 1.TDG 2.APD 3.BALL 4.SABR 5.SSNC 6.SBAC 7.GPK 8.SERVUSD 9.CHTR 10.PNW

Holding changes this quarter

Clearfield Capital Management LP's most significant position changes for 2026-03-31: New buy: Bitdeer Technologies Group; Sold out: Cipher Digital INC (CIFR); Sold out: Bitfarms Ltd/canada (1B2); Sold out: Canaan INC (CAN); Trim: Core Scientific INC (CORZ) — shares -82.50%.

Position changes disclosed by Clearfield Capital Management LP for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	VRT	Vertiv Holdings Co-a	+5.1%	—	Unchanged
2	ECG	Everus Construction Group	+4.8%	—	Unchanged
3	USFD	US Foods Holding CORP	+3.6%	—	Unchanged
4	RIOT	Riot Platforms INC	+3.5%	+118.48%	Add
5	WULF	Terawulf INC	+3.3%	+347.63%	Add
6	APLD	Applied Digital CORP	+0.8%	—	Unchanged
7	DAL	Delta Air Lines INC	+0.5%	-4.77%	Trim
8	VST	Vistra CORP	+0.4%	—	Unchanged
9	TLN	Talen Energy CORP	+0.1%	—	Unchanged
10	CLSK	Cleanspark INC	0%	+0.46%	Add
11	LESL	Leslie's INC	0%	-0.08%	Trim
12	CEG	Constellation Energy	-0.2%	—	Unchanged
13	UAL	United Airlines Holdings INC	-0.8%	-4.83%	Trim
14	✓	Whitefiber INC Shs	-8.1%	-85.91%	Trim
15	CORZ	Core Scientific INC	-13.9%	-82.50%	Trim
16	✓	Bitdeer Technologies Group	—	NEW	New buy
17	CIFR	Cipher Digital INC	—	EXIT	Sold out
18	1B2	Bitfarms Ltd/canada	—	EXIT	Sold out
19	CAN	Canaan INC	—	EXIT	Sold out

FAQ

What is Clearfield Capital Management LP and what type of investor is it?

Clearfield Capital Management LP is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $187.9M, spread across 17 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. Everus Construction Group (ECG) — $23.3M (12.4%) 2. US Foods Holding CORP (USFD) — $21.4M (11.4%) 3. Vertiv Holdings Co-a (VRT) — $20.9M (11.1%) 4. United Airlines Holdings INC (UAL) — $20.5M (10.9%) 5. Delta Air Lines INC (DAL) — $13.1M (7.0%)

What changes did Clearfield Capital Management LP make in its most recent portfolio filing?

In the latest reported quarter, Clearfield Capital Management LP made 12 notable position adjustments: 1 new positions were initiated, 3 existing holdings were added to, 5 positions were partially reduced, and 3 were completely exited. The largest of these moves: New buy: Bitdeer Technologies Group; Sold out: Cipher Digital INC (CIFR); Sold out: Bitfarms Ltd/canada (1B2); Sold out: Canaan INC (CAN); Trim: Core Scientific INC (CORZ) — shares -82.50%

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: • Industrials: 44.5% • Financials: 16.9% • Utilities: 15.4% • Consumer Staples: 12.2% • Information Technology: 11.0%