Carronade Capital Management, LP 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Carronade Capital Management, LP disclosed 26 US equity positions worth $1.0bn in its Q3 2025 13F filing. The largest position was TLN at 23.6% of the reported book, followed by TDS and VSAT. Against the Q2 2025 filing, it opened 3 new positions, added to 7 and reduced 3 among the top 26 holdings.
What did Carronade Capital Management, LP own in Q3 2025? Top 26 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | TLN TALEN ENERGY CORP | Utilities | 23.6% | $238.5m | 560,743 | 3% | added |
| 2 | TDS TELEPHONE & DATA SYS INC | Communication Services | 14.3% | $144.4m | 3,680,500 | 8% | added |
| 3 | VSAT VIASAT INC | Technology | 7.5% | $75.4m | 2,572,692 | – | new |
| 4 | CTRI CENTURI HOLDINGS INC | Utilities | 6.4% | $64.6m | 3,052,817 | 126% | added |
| 5 | BKD BROOKDALE SR LIVING INC | Healthcare | 6.0% | $60.4m | 7,127,737 | 3% | added |
| 6 | ECHOSTAR CORP | 5.8% | $58.4m | 23,728,496 | 4% | added | |
| 7 | CNNE CANNAE HLDGS INC | Consumer Cyclical | 5.8% | $58.4m | 3,189,027 | 0% | held |
| 8 | ECHO ECHOSTAR CORP | Communication Services | 4.7% | $47.7m | 625,000 | – | new |
| 9 | EXPAND ENERGY CORPORATION | 4.3% | $43.8m | 456,802 | 0% | held | |
| 10 | SPHR SPHERE ENTERTAINMENT CO | 3.8% | $38.2m | 20,200,000 | 0% | held | |
| 11 | TRANSOCEAN INC | 2.3% | $23.7m | 23,625,000 | 0% | held | |
| 12 | VISN COMMSCOPE HLDG CO INC | Technology | 2.0% | $20.4m | 1,316,023 | -11% | reduced |
| 13 | DHC DIVERSIFIED HEALTHCARE TR | 2.0% | $20.1m | 4,561,748 | 182% | added | |
| 14 | GEO GEO GROUP INC NEW | Industrials | 1.5% | $15.4m | 750,000 | -66% | reduced |
| 15 | OPTU ALTICE USA INC | Communication Services | 1.4% | $13.9m | 5,768,682 | 42% | added |
| 16 | GBTG GLOBAL BUSINESS TRAVEL GROUP | 1.4% | $13.8m | 1,705,039 | -35% | reduced | |
| 17 | WW INTL INC | 1.2% | $12.2m | 446,615 | – | new | |
| 18 | CPT CAMDEN PPTY TR | Real Estate | 1.0% | $10.2m | 95,936 | 0% | held |
| 19 | EQR EQUITY RESIDENTIAL | Real Estate | 1.0% | $9.9m | 152,549 | 0% | held |
| 20 | AVBC AVALONBAY CMNTYS INC | Financial Services | 1.0% | $9.9m | 51,047 | 0% | held |
| 21 | UDR UDR INC | Real Estate | 1.0% | $9.6m | 258,116 | 0% | held |
| 22 | CZR CAESARS ENTERTAINMENT INC NE | Consumer Cyclical | 0.7% | $6.7m | 248,173 | 0% | held |
| 23 | MAA MID-AMER APT CMNTYS INC | Real Estate | 0.6% | $6.0m | 43,184 | 0% | held |
| 24 | ESS ESSEX PPTY TR INC | Real Estate | 0.6% | $5.9m | 21,947 | 0% | held |
| 25 | BROOKDALE SR LIVING INC | 0.2% | $2.3m | 2,000,000 | 0% | held | |
| 26 | VALARIS LTD | 0.2% | $1.9m | 687,260 | 0% | held |
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.