Q3 2025 · 13F-HR
CARRONADE CAPITAL MANAGEMENT, LPholdings as filed
Filed 2025-11-14 · accession 0001866872-25-000017
$4.33B
Reported value
33
Positions
2025-09-30
Period end
The Brief · CARRONADE CAPITAL MANAGEMENT, LP · Q3 2025
AI · grounded in 13F
Carronade Capital Management, LP established a new position in SPY valued at $3.13B. The fund also initiated new stakes in TLN for $238.53M and VSAT for $154.05M. Other new additions include TDS at $144.42M and SATS at $70.63M. The fund ended the period with 29 positions and total AUM of $4.33B.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $3.13B | 72.3% | 4,700,000 | PUT | SOLE |
| 87422Q109 | TLN | TALEN ENERGY CORP | $238.5M | 5.51% | 560,743 | Common | SOLE |
| 879433829 | TDS | TELEPHONE & DATA SYS INC | $144.4M | 3.34% | 3,680,500 | Common | SOLE |
| 92552V100 | VSAT | VIASAT INC | $78.7M | 1.82% | 2,685,000 | CALL | SOLE |
| 92552V100 | VSAT | VIASAT INC | $75.4M | 1.74% | 2,572,692 | Common | SOLE |
| 155923105 | CTRI | CENTURI HOLDINGS INC | $64.6M | 1.49% | 3,052,817 | Common | SOLE |
| 112463104 | BKD | BROOKDALE SR LIVING INC | $60.4M | 1.40% | 7,127,737 | Common | SOLE |
| 278768AB2 | SATS 3.875 11/30/30 | ECHOSTAR CORP | $58.4M | 1.35% | 23,728,496 | Common | SOLE |
| 13765N107 | CNNE | CANNAE HLDGS INC | $58.4M | 1.35% | 3,189,027 | Common | SOLE |
| 278768106 | SATS | ECHOSTAR CORP | $47.7M | 1.10% | 625,000 | Common | SOLE |
| 165167180 | EXEEL | EXPAND ENERGY CORPORATION | $43.8M | 1.01% | 456,802 | Common | SOLE |
| 55826TAB8 | SPHR 3.5 12/01/28 | SPHERE ENTERTAINMENT CO | $38.2M | 0.88% | 20,200,000 | Common | SOLE |
| 36162J106 | GEO | GEO GROUP INC NEW | $35.9M | 0.83% | 1,750,000 | CALL | SOLE |
| 893830BT5 | RIG | TRANSOCEAN INC | $23.7M | 0.55% | 23,625,000 | Common | SOLE |
| 278768106 | SATS | ECHOSTAR CORP | $22.9M | 0.53% | 300,000 | CALL | SOLE |
| 20337X109 | VISN | COMMSCOPE HLDG CO INC | $20.4M | 0.47% | 1,316,023 | Common | SOLE |
| 25525P107 | DHC | DIVERSIFIED HEALTHCARE TR | $20.1M | 0.46% | 4,561,748 | Common | SOLE |
| 47233W109 | JEF | JEFFERIES FINL GROUP INC | $19.6M | 0.45% | 300,000 | CALL | SOLE |
| 47233W109 | JEF | JEFFERIES FINL GROUP INC | $16.4M | 0.38% | 250,000 | PUT | SOLE |
| 36162J106 | GEO | GEO GROUP INC NEW | $15.4M | 0.36% | 750,000 | Common | SOLE |
| 02156K103 | OPTU | ALTICE USA INC | $13.9M | 0.32% | 5,768,682 | Common | SOLE |
| 37890B100 | GBTG | GLOBAL BUSINESS TRAVEL GROUP | $13.8M | 0.32% | 1,705,039 | Common | SOLE |
| 98262P200 | WW | WW INTL INC | $12.2M | 0.28% | 446,615 | Common | SOLE |
| 500255104 | KSS | KOHLS CORP | $11.5M | 0.27% | 750,000 | PUT | SOLE |
| 133131102 | CPT | CAMDEN PPTY TR | $10.2M | 0.24% | 95,936 | Common | SOLE |
| 29476L107 | EQR | EQUITY RESIDENTIAL | $9.9M | 0.23% | 152,549 | Common | SOLE |
| 053484101 | AVB | AVALONBAY CMNTYS INC | $9.9M | 0.23% | 51,047 | Common | SOLE |
| 902653104 | UDR | UDR INC | $9.6M | 0.22% | 258,116 | Common | SOLE |
| 12769G100 | CZR | CAESARS ENTERTAINMENT INC NE | $6.7M | 0.15% | 248,173 | Common | SOLE |
| 59522J103 | MAA | MID-AMER APT CMNTYS INC | $6.0M | 0.14% | 43,184 | Common | SOLE |
| 297178105 | ESS | ESSEX PPTY TR INC | $5.9M | 0.14% | 21,947 | Common | SOLE |
| 112463AC8 | BKD 2 10/15/26 | BROOKDALE SR LIVING INC | $2.3M | 0.05% | 2,000,000 | Common | SOLE |
| G9460G119 | VAL/WS | VALARIS LTD | $1.9M | 0.04% | 687,260 | 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.