CARRONADE CAPITAL MANAGEMENT, LP

Q4 2025 13F-HR Holdings

Location
Darien, CT
Holdings as of
12/31/2025
Date filed
2/13/2026
Form type
13F-HR
Num holdings
31
Total value ($000)
$7,312,848
Net value change ($000)
+2,985,141 (69.0%)
New positions
2
Sold out positions
2
Turnover %
4.4%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
CTRI 36,086 55.8%
TDSPRU 27,924 19.3%
VSAT 27,132 36.0%
SATS 22,269 46.7%
BKD 18,933 31.4%
DHC 2,986 14.8%
CORZ 1,456 NEW
WW 1,157 9.5%
CYH 1,014 NEW
GEO 638 4.2%
Top Reduces (Value $000, Stocks/ETFs)
RIG -23,663 -100.0%
TLN -22,157 -9.3%
VISN -18,769 -92.1%
GBTG -13,777 -100.0%
CNNE -7,070 -12.1%
OPTU -3,977 -28.6%
CZR -692 -10.3%
AVB -373 -3.8%
EQR -16 -0.2%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 6,251,166 (85.5% 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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Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type