CCM

Carronade Capital Management Portfolio holdings

AUM $593M

AUM

$593M

AUM Growth

+$37.4M (+7%)

Cap. Flow

+$64.1M

Cap. Flow % of AUM

10.81%

Top 10 Holdings %Top 10 Hldgs %

76.11%

Holding

41

New

4

Increased

11

Reduced

4

Closed

4

Top Buys

1	Telephone and Data Systems TDS	$34.4M
2	Cannae Holdings CNNE	$21M
3	EchoStar SATS	$10.4M
4	Altice USA ATUS	$9.16M
5	Caesars Entertainment CZR	$5.59M

Top Sells

1	Frontier Communications FYBR	$17.4M
2	TLN Talen Energy Corporation Common Stock TLN	$13.4M
3	CommScope COMM	$5.13M
4	American Express Global Business Travel GBTG	$3.79M

Sector Composition

1	Communication Services	27.84%
2	Utilities	16.21%
3	Consumer Discretionary	12.71%
4	Real Estate	9.01%
5	Industrials	7.89%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
26	26 iShares Russell 2000 ETF IWM $63.2B	$0	0%	0	–	–
27	27 Kohl's KSS $910M	$0	0%	0 -131,600	Closed	–
28	28 Medical Properties Trust MPW $2.65B	$0	0%	0	–	–
29	29 iShares MSCI USA Momentum Factor ETF MTUM $16.9B	$0	0%	0	–	–
30	30 Invesco S&P 500 Equal Weight ETF RSP $71.8B	$0	0%	0	–	–
31	31 Sphere Entertainment SPHR $1.38B	$0	0%	0 -112,000	Closed	–
32	32 SPDR S&P 500 ETF Trust SPY $632B	$0	0%	0	–	–
33	33 ProShares UltraPro QQQ TQQQ $25B	$0	0%	0	–	–
34	34 Valaris VAL $3.31B	$0	0%	0	–	–
35	35 Vornado Realty Trust VNO $7.75B	$0	0%	0	–	–
36	36 Viasat VSAT $1.64B	$0	0%	0	–	–
37	NBIS 37 Nebius Group N.V. Class A Ordinary Shares NBIS $11.3B	$0	0%	0 -213,575	Closed	–