Arkolith/Funds/Carronade Capital Management, LP

Carronade Capital Management, LP

CIK 1866872Hedge fund
Holdings as of Mar 31, 2026·disclosed May 15, 2026·~45-day 13F lag·13F-HR
Active Filer

Carronade Capital Management, LP holds a focused book of 25 stocks worth $1.4B as of Q1 2026 (disclosed May 15, 2026, a ~45-day 13F lag). This quarter they opened Acadia Healthcare Co Inc and trimmed Echostar Corp-A. Their largest long position is Talen Energy Corp at 15% of the equity book. They also disclosed $5.9B in put options (a bearish bet) and $335.7M in call options (bullish), shown separately below and excluded from the equity book.

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Use Arkolith to show CARRONADE CAPITAL MANAGEMENT, LP's latest
holdings, largest changes, and filing provenance.
Opened
2
new positions
Added to
13
existing
Trimmed
8
reduced
Sold out
2
exited

Concentration

Top-heavy: focused book

Top 5 holdings
60%
Top 10 holdings
89%
Top 20 holdings
99%

Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.

Direct sector allocation

88% mapped to company sectors

Communication Services
40%
Utilities
25%
Health Care
13%
ETF / fund or unclassified
12%
Real Estate
5%
Consumer Discretionary
4%
Energy
1%
Financials
0%

Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.

Biggest moves: latest quarter

Estimated $ traded · quarter-end prices, no cost basis

Bought
Trimmed / exited

Holdings: largest first

Bars show each stock's share of the portfolio. Click a row for its position history.

25 positions
#SecurityValueShares% PortLast moveHistory
1Talen Energy Corp
COM
$205.7M644.5K
14.9%
+12%
Added · +67K sh
2Telephone & Data Sys Inc
COM NEW
$194.7M4.62M
14.1%
+10.0%
Added · +420K sh
3Viasat Inc
COM
$147.9M3.23M
10.7%
+8.6%
Added · +254K sh
4Vistance Networks Inc
COM
$139.2M7.65M
10.1%
+394%
Added · +6.1M sh
5Centuri Holdings Inc
COM SHS
$133.3M4.56M
9.7%
+14%
Added · +575K sh
6Brookdale SR Living Inc
COM
$117.5M8.59M
8.5%
+17%
Added · +1.2M sh
7Echostar Corp
NOTE 3.875%11/3
$91.9M25.54M
6.7%
+3.6%
Added · +900K sh
8Sphere Entertainment Co
NOTE 3.500%12/0
$71.9M21.38M
5.2%
+1.1%
Added · +234K sh
9Echostar Corp
CL A
$68.3M583.1K
4.9%
−9.4%
Reduced · −61K sh
10Acadia Healthcare Company In
COM
$54.7M2.34M
4.0%
New
New position
11Cannae Hldgs Inc
COM
$37.1M3.26M
2.7%
Held
12Diversified Healthcare TR
COM SH BEN INT
$35.0M5.27M
2.5%
+11%
Added · +505K sh
13Valaris Ltd
*W EXP 04/29/202
$16.1M1.01M
1.2%
+46%
Added · +319K sh
14Optimum Communications Inc
CL A
$8.5M6.57M
0.6%
+9.3%
Added · +558K sh
15Camden Ppty TR
SH BEN INT
$7.6M77.4K
0.5%
−21%
Reduced · −21K sh
16Equity Residential
SH BEN INT
$7.3M123.1K
0.5%
−21%
Reduced · −33K sh
17Udr Inc
COM
$7.0M208.2K
0.5%
−21%
Reduced · −56K sh
18Avalonbay Cmntys Inc
COM
$6.7M41.2K
0.5%
−21%
Reduced · −11K sh
19WW Intl Inc
COM NEW
$6.3M456.7K
0.5%
−0.2%
Reduced · −1K sh
20Sphere Entertainment Co
CL A
$5.4M45.7K
0.4%
New
New position
21Essex Ppty TR Inc
COM
$4.3M17.7K
0.3%
−21%
Reduced · −5K sh
22Mid-Amer Apt Cmntys Inc
COM
$4.3M34.8K
0.3%
−21%
Reduced · −9K sh
23Community Health Sys Inc New
COM
$3.9M1.32M
0.3%
+307%
Added · +997K sh
24Brookdale SR Living Inc
NOTE 2.000%10/1
$3.4M2.00M
0.2%
Held
25Core Scientific Inc New
COM
$1.5M101.1K
0.1%
+1.1%
Added · +1K sh
Showing all 25 positions

Largest options & derivatives disclosed

Put / call positions from the 13F — totals include every disclosed option leg

Put notional (bearish)$5.9B
Call notional (bullish)$335.7M
TypeUnderlyingNotional valueUnderlying shares
PUT · bearishSS SPDR S&P 500 ETF TRUST-USSPY$5.9B9.1M
CALL · bullishCOMCAST CORP-CLASS ACMCSA$200.5M7.0M
CALL · bullishVIASAT INCVSAT$93.4M2.0M
PUT · bearishACADIA HEALTHCARE CO INCACHC$35.1M1.5M
CALL · bullishECHOSTAR CORP-ASATS$25.1M215K
CALL · bullishJETBLUE AIRWAYS CORPJBLU$10.8M2.4M
CALL · bullishCENTURI HOLDINGS INCCTRI$5.8M200K

13F filers disclose option positions at the market value of the underlying the contracts reference, not the premium paid. A put is a bearish bet (it gains if the stock falls); a call is bullish. “Underlying shares” is the share count the contracts control, not a share holding. These legs are excluded from the equity book, weighting, concentration and sector figures above.

Filing history

As-of date vs the date the SEC received each filing

QuarterAs ofFiledPositionsValueForm
Q1 2026Mar 31, 2026May 15, 202632$7.7B13F-HR
Q4 2025Dec 31, 2025May 15, 202631$7.3B13F-HR/A
Q3 2025Sep 30, 2025Nov 14, 202533$4.3B13F-HR
Q2 2025Jun 30, 2025Aug 19, 202527$1.4B13F-HR/A
Q1 2025Mar 31, 2025Aug 19, 202531$1.8B13F-HR/A
Q4 2024Dec 31, 2024Aug 19, 202538$1.9B13F-HR/A
Q3 2024Sep 30, 2024Nov 14, 202432$1.5B13F-HR
Q2 2024Jun 30, 2024Aug 14, 202431$1.9B13F-HR
Q1 2024Mar 31, 2024May 15, 202424$1.6B13F-HR
Q4 2023Dec 31, 2023Feb 14, 202422$872.1M13F-HR
Q3 2023Sep 30, 2023Nov 14, 202328$680.4M13F-HR
Q2 2023Jun 30, 2023Aug 14, 202318$411.6M13F-HR
Q1 2023Mar 31, 2023May 15, 202321$246.8M13F-HR
Q4 2022Dec 31, 2022Feb 14, 202324$458.5M13F-HR
Q3 2022Sep 30, 2022Nov 14, 202230$898.6M13F-HR
Q2 2022Jun 30, 2022Aug 16, 202226$706.0M13F-HR/A
Q1 2022Mar 31, 2022May 16, 202232$1.4B13F-HR
Q4 2021Dec 31, 2021Feb 14, 202226$337.2M13F-HR
Amended / restated
  • Q4 2025 · filed Feb 13, 202613F-HR · superseded
  • Q2 2025 · filed Aug 14, 202513F-HR · superseded
  • Q1 2025 · filed May 15, 202513F-HR · superseded
  • Q4 2024 · filed Feb 14, 202513F-HR · superseded
  • Q2 2022 · filed Aug 15, 202213F-HR · superseded

Data source

Holdings from SEC EDGAR 13F-HR filings, updated quarterly ~45 days after quarter-end. Public domain. The book and weighting are long equity only; disclosed put/call options are listed separately and excluded from those totals. Price-derived performance is withheld until the price-source policy and freshness gate are green.