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CARRONADE CAPITAL MANAGEMENT, LP

Q1 2026 · Filed 2026-05-15
Market Value
$1.2B
+27.9%
Holdings
22
New Purchases
2
Added To
10
Closed
2
Reduced
7
Top 10 Concentration
95.3%
Turnover
18.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
COMM 11.70% 3.02% +8.68% $139M
ACHC 4.60% 0.00% +4.60% $55M
VSAT 12.43% 11.02% +1.41% $148M
BKD 9.87% 8.53% +1.35% $117M
DHC 2.94% 2.48% +0.46% $35M
SPHR 0.45% 0.00% +0.45% $5M
CTRI 11.20% 10.83% +0.38% $133M
CYH 0.33% 0.11% +0.22% $4M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
TLN 17.29% 23.26% -5.97% $206M
CNNE 3.12% 5.52% -2.40% $37M
TDS 16.36% 18.53% -2.17% $195M
SATS 5.74% 7.53% -1.79% $68M
GEO 0.00% 1.72% -1.72% $0
CZR 0.00% 0.65% -0.65% $0
CPT 0.64% 1.16% -0.53% $8M
AVB 0.57% 1.02% -0.45% $7M
UDR 0.59% 1.04% -0.45% $7M
EQR 0.61% 1.06% -0.45% $7M
ATUS 0.72% 1.07% -0.35% $9M
MAA 0.36% 0.66% -0.30% $4M
ESS 0.36% 0.63% -0.27% $4M
CORZ 0.13% 0.16% -0.03% $2M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 9 $459M 38.6%
Mid Cap 10 $681M 57.3%
Small Cap 3 $50M 4.2%

Portfolio Analytics

Avg Market Cap
$9.6B
Median Market Cap
$5.2B
Avg P/E
35.7
Median P/E
30.1
Avg Dividend Yield
0.06%
Avg Beta
1.41
# Stocks
22
# ETFs / Funds
0

Top Holdings (22 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 TLN 17.29% 644,484 $206M $319.23 -$11M +67,245 +11.7%
2 TDS 16.36% 4,623,934 $195M $42.10 $22M +420,340 +10.0%
3 VSAT 12.43% 3,229,296 $148M $45.80 $45M +254,495 +8.6%
4 COMM 11.70% 7,646,722 $139M $18.20 $111M +6,099,799 +394.3%
5 CTRI 11.20% 4,563,312 $133M $29.21 $33M +574,648 +14.4%
6 BKD 9.87% 8,586,874 $117M $13.68 $38M +1,237,000 +16.8%
7 SATS 5.74% 583,085 $68M $117.07 -$2M -60,830 -9.4%
8 ACHC 4.60% 2,337,236 $55M $23.39 +2,337,236 NEW
9 CNNE 3.12% 3,262,648 $37M $11.37 -$14M
10 DHC 2.94% 5,268,435 $35M $6.64 $12M +504,898 +10.6%
11 ATUS 0.72% 6,573,682 $9M $1.30 -$1M +558,000 +9.3%
12 CPT 0.64% 77,393 $8M $97.66 -$3M -20,951 -21.3%
13 EQR 0.61% 123,062 $7M $59.15 -$3M -33,316 -21.3%
14 UDR 0.59% 208,225 $7M $33.78 -$3M -56,370 -21.3%
15 AVB 0.57% 41,180 $7M $163.36 -$3M -11,148 -21.3%
16 SPHR 0.45% 45,695 $5M $117.41 +45,695 NEW
17 ESS 0.36% 17,705 $4M $242.02 -$2M -4,793 -21.3%
18 MAA 0.36% 34,837 $4M $122.11 -$2M -9,431 -21.3%
19 CYH 0.33% 1,321,923 $4M $2.94 $3M +996,923 +306.8%
20 CORZ 0.13% 101,103 $2M $14.96 $57K +1,103 +1.1%
21 CZR —% -$6M -257,160 -100.0% SOLD
22 GEO —% -$16M -992,931 -100.0% SOLD

Options Breakdown

5 Calls $336M Call Value 4 Puts $5.9B Put Value 17.69 P/C Ratio

Top Calls

SymbolSharesValueStatus
CMCSA 6,985,200 $201M
VSAT 2,039,100 $93M
SATS 214,700 $25M
JBLU 2,433,500 $11M NEW
CTRI 200,000 $6M NEW

Top Puts

SymbolSharesValueStatus
SPY 9,075,000 $5.9B
ACHC 1,500,000 $35M NEW
KSS $0 SOLD
IEF $0 SOLD

New Positions

SymbolValue% Port
ACHC $55M 4.60%
SPHR $5M 0.45%

Sold Out Positions

SymbolValue% Port
GEO —%
CZR —%
View SEC EDGAR Filings for CARRONADE CAPITAL MANAGEMENT, LP →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms