CARRONADE CAPITAL MANAGEMENT, LP

Q3 2025 13F-HR Holdings

Location
Darien, CT
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
33
Total value ($000)
$4,327,707
Net value change ($000)
+2,925,978 (208.7%)
New positions
3
Sold out positions
1
Turnover %
16.4%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/19/2025 Next filing: 2/13/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
TLN 80,716 51.1%
VSAT 75,380 NEW
SATS 47,725 NEW
CTRI 34,257 112.8%
TDSPRU 23,718 19.6%
DHC 14,323 247.2%
BKD 12,329 25.7%
WW 12,219 NEW
VISN 8,118 66.2%
OPTU 5,228 60.3%
Top Reduces (Value $000, Stocks/ETFs)
GEO -38,109 -71.3%
CNNE -8,100 -12.2%
SBGI -6,461 -100.0%
GBTG -2,678 -16.3%
UDR -922 -8.7%
CPT -567 -5.2%
AVB -527 -5.1%
EQR -422 -4.1%
MAA -358 -5.6%
ESS -346 -5.6%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 3,315,992 (76.6% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type