Carlson Capital, L.P. 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Carlson Capital, L.P. disclosed 55 US equity positions worth $176.5m in its Q3 2025 13F filing. The largest position was SWKHL at 70.0% of the reported book, followed by KEL and VRNA. Against the Q2 2025 filing, it opened 27 new positions, added to 13 and reduced 5 among the top 50 holdings.
What did Carlson Capital, L.P. own in Q3 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | SWKHL SWK HLDGS CORP | 70.0% | $123.6m | 8,493,088 | 0% | held | |
| 2 | KEL KELLANOVA | 2.2% | $3.9m | 48,000 | 0% | held | |
| 3 | VRNA VERONA PHARMA PLC | 2.0% | $3.5m | 33,000 | – | new | |
| 4 | 07WA MR COOPER GROUP INC | 1.8% | $3.2m | 15,000 | -7% | reduced | |
| 5 | FYBR FRONTIER COMMUNICATIONS PARE | 1.3% | $2.3m | 61,000 | 154% | added | |
| 6 | CYBERARK SOFTWARE LTD | 1.2% | $2.2m | 4,500 | – | new | |
| 7 | SYU1 SYNOVUS FINL CORP | 1.1% | $1.9m | 38,400 | 68% | added | |
| 8 | WNS HLDGS LTD | 1.0% | $1.8m | 24,000 | – | new | |
| 9 | EA ELECTRONIC ARTS INC | Communication Services | 1.0% | $1.7m | 8,500 | – | new |
| 10 | CROSS CTRY HEALTHCARE INC | 0.9% | $1.6m | 109,389 | 9% | added | |
| 11 | MERUS N V | 0.9% | $1.5m | 16,000 | – | new | |
| 12 | 6PM PARAMOUNT GROUP INC | 0.9% | $1.5m | 230,000 | – | new | |
| 13 | CFR CULLEN FROST BANKERS INC | Financial Services | 0.8% | $1.4m | 10,900 | – | new |
| 14 | JPM JPMORGAN CHASE & CO. | Financial Services | 0.7% | $1.3m | 4,100 | – | new |
| 15 | MS MORGAN STANLEY | Financial Services | 0.6% | $1.0m | 6,500 | 0% | held |
| 16 | PSX PHILLIPS 66 | Energy | 0.5% | $952.1k | 7,000 | 0% | held |
| 17 | LOCO EL POLLO LOCO HLDGS INC | Consumer Cyclical | 0.5% | $892.4k | 92,000 | 51% | added |
| 18 | BAC BANK AMERICA CORP | Financial Services | 0.5% | $887.3k | 17,200 | – | new |
| 19 | TXN TEXAS INSTRS INC | Technology | 0.5% | $881.9k | 4,800 | 129% | added |
| 20 | STT STATE STR CORP | Financial Services | 0.5% | $881.7k | 7,600 | 73% | added |
| 21 | KNF KNIFE RIVER CORP | Basic Materials | 0.5% | $845.6k | 11,000 | 267% | added |
| 22 | CNI CANADIAN NATL RY CO | Industrials | 0.5% | $839.3k | 8,900 | 82% | added |
| 23 | ONB OLD NATL BANCORP IND | Financial Services | 0.5% | $825.3k | 37,600 | 35% | added |
| 24 | ACI ALBERTSONS COS INC | Consumer Defensive | 0.5% | $823.0k | 47,000 | 26% | added |
| 25 | SSB SOUTHSTATE BK CORP | 0.5% | $800.8k | 8,100 | – | new | |
| 26 | BHF BRIGHTHOUSE FINL INC | Financial Services | 0.5% | $796.2k | 15,000 | – | new |
| 27 | PM PHILIP MORRIS INTL INC | Consumer Defensive | 0.4% | $778.6k | 4,800 | – | new |
| 28 | OMC OMNICOM GROUP INC | Communication Services | 0.4% | $777.8k | 9,540 | 39% | added |
| 29 | UPS UNITED PARCEL SERVICE INC | Industrials | 0.4% | $735.1k | 8,800 | – | new |
| 30 | MTB M & T BK CORP | Financial Services | 0.4% | $731.2k | 3,700 | – | new |
| 31 | FANG DIAMONDBACK ENERGY INC | Energy | 0.4% | $729.8k | 5,100 | -27% | reduced |
| 32 | USB US BANCORP DEL | Financial Services | 0.4% | $725.0k | 15,000 | – | new |
| 33 | MDLZ MONDELEZ INTL INC | Consumer Defensive | 0.4% | $699.7k | 11,200 | – | new |
| 34 | CVX CHEVRON CORP NEW | Energy | 0.4% | $698.8k | 4,500 | – | new |
| 35 | HBAN HUNTINGTON BANCSHARES INC | Financial Services | 0.4% | $697.7k | 40,400 | – | new |
| 36 | KRE SPDR SERIES TRUST | 0.4% | $690.0k | 10,900 | 22% | added | |
| 37 | TGT TARGET CORP | Consumer Defensive | 0.4% | $681.7k | 7,600 | – | new |
| 38 | MSFT MICROSOFT CORP | Technology | 0.4% | $673.3k | 1,300 | -13% | reduced |
| 39 | OII OCEANEERING INTL INC | Energy | 0.4% | $641.8k | 25,900 | -6% | reduced |
| 40 | AMTM AMENTUM HOLDINGS INC | Industrials | 0.3% | $574.8k | 24,000 | – | new |
| 41 | AR ANTERO RESOURCES CORP | Energy | 0.3% | $533.6k | 15,900 | 53% | added |
| 42 | XLE SELECT SECTOR SPDR TR | 0.3% | $518.2k | 5,800 | – | new | |
| 43 | EXE EXPAND ENERGY CORPORATION | Energy | 0.3% | $510.0k | 4,800 | – | new |
| 44 | CAG CONAGRA BRANDS INC | Consumer Defensive | 0.3% | $481.6k | 26,300 | -0% | held |
| 45 | CCL CARNIVAL CORP | Consumer Cyclical | 0.2% | $404.7k | 14,000 | – | new |
| 46 | ALEANNA INC | 0.2% | $361.6k | 86,000 | – | new | |
| 47 | MIDD MIDDLEBY CORP | Industrials | 0.2% | $345.6k | 2,600 | – | new |
| 48 | BILL BILL HOLDINGS INC | Technology | 0.2% | $296.6k | 5,600 | – | new |
| 49 | MBC MASTERBRAND INC | Consumer Cyclical | 0.2% | $271.3k | 20,600 | – | new |
| 50 | CYTK CYTOKINETICS INC | Healthcare | 0.1% | $258.3k | 4,700 | -77% | reduced |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.