Q4 2025 · 13F-HR
CARRONADE CAPITAL MANAGEMENT, LPholdings as filed
Filed 2026-02-13 · accession 0001866872-26-000002
$7.31B
Reported value
31
Positions
2025-12-31
Period end
The Brief · CARRONADE CAPITAL MANAGEMENT, LP · Q4 2025
AI · grounded in 13F
Carronade Capital Management, LP established a new position in IEF valued at $1.1B. The fund also opened a new position in CMCSA for $168M and increased its holdings in SPY by 51.6%. On the sell side, the fund closed its positions in EXEEL for $43.8M and JEF for $36M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $4.86B | 66.4% | 7,125,000 | PUT | SOLE |
| 464287440 | IEF | ISHARES TR | $1.11B | 15.1% | 11,500,000 | PUT | SOLE |
| 87422Q109 | TLN | TALEN ENERGY CORP | $216.4M | 2.96% | 577,239 | Common | SOLE |
| 879433829 | TDS | TELEPHONE & DATA SYS INC | $172.3M | 2.36% | 4,203,594 | Common | SOLE |
| 20030N101 | CMCSA | COMCAST CORP NEW | $168.0M | 2.30% | 6,000,000 | CALL | SOLE |
| 92552V100 | VSAT | VIASAT INC | $102.5M | 1.40% | 2,974,801 | Common | SOLE |
| 155923105 | CTRI | CENTURI HOLDINGS INC | $100.7M | 1.38% | 3,988,664 | Common | SOLE |
| 278768AB2 | SATS 3.875 11/30/30 | ECHOSTAR CORP | $82.5M | 1.13% | 24,638,496 | Common | SOLE |
| 112463104 | BKD | BROOKDALE SR LIVING INC | $79.3M | 1.08% | 7,349,874 | Common | SOLE |
| 278768106 | SATS | ECHOSTAR CORP | $70.0M | 0.96% | 643,915 | Common | SOLE |
| 92552V100 | VSAT | VIASAT INC | $59.8M | 0.82% | 1,736,700 | CALL | SOLE |
| 55826TAB8 | SPHR 3.5 12/01/28 | SPHERE ENTERTAINMENT CO | $58.4M | 0.80% | 21,150,000 | Common | SOLE |
| 13765N107 | CNNE | CANNAE HLDGS INC | $51.3M | 0.70% | 3,262,648 | Common | SOLE |
| 278768106 | SATS | ECHOSTAR CORP | $43.5M | 0.59% | 400,000 | CALL | SOLE |
| 25525P107 | DHC | DIVERSIFIED HEALTHCARE TR | $23.1M | 0.32% | 4,763,537 | Common | SOLE |
| 36162J106 | GEO | GEO GROUP INC NEW | $16.0M | 0.22% | 992,931 | Common | SOLE |
| 500255104 | KSS | KOHLS CORP | $15.3M | 0.21% | 750,000 | PUT | SOLE |
| 98262P200 | WW | WW INTL INC | $13.4M | 0.18% | 457,835 | Common | SOLE |
| 133131102 | CPT | CAMDEN PPTY TR | $10.8M | 0.15% | 98,344 | Common | SOLE |
| 02156K103 | OPTU | OPTIMUM COMMUNICATIONS INC | $9.9M | 0.14% | 6,015,682 | Common | SOLE |
| 29476L107 | EQR | EQUITY RESIDENTIAL | $9.9M | 0.13% | 156,378 | Common | SOLE |
| 902653104 | UDR | UDR INC | $9.7M | 0.13% | 264,595 | Common | SOLE |
| 053484101 | AVB | AVALONBAY CMNTYS INC | $9.5M | 0.13% | 52,328 | Common | SOLE |
| 59522J103 | MAA | MID-AMER APT CMNTYS INC | $6.1M | 0.08% | 44,268 | Common | SOLE |
| 12769G100 | CZR | CAESARS ENTERTAINMENT INC NE | $6.0M | 0.08% | 257,160 | Common | SOLE |
| 297178105 | ESS | ESSEX PPTY TR INC | $5.9M | 0.08% | 22,498 | Common | SOLE |
| 112463AC8 | BKD 2 10/15/26 | BROOKDALE SR LIVING INC | $2.6M | 0.04% | 2,000,000 | Common | SOLE |
| 20337X109 | VISN | COMMSCOPE HLDG CO INC | $1.6M | 0.02% | 88,390 | Common | SOLE |
| 21874A106 | CORZ | CORE SCIENTIFIC INC NEW | $1.5M | 0.02% | 100,000 | Common | SOLE |
| G9460G119 | VAL/WS | VALARIS LTD | $1.2M | 0.02% | 687,260 | Common | SOLE |
| 203668108 | CYH | COMMUNITY HEALTH SYS INC NEW | $1.0M | 0.01% | 325,000 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.