Carronade Capital Management Portfolio holdings
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SJR
Shaw Communications Inc.
SJR
|
+$13.1M |
| 2 |
American Express Global Business Travel
GBTG
|
+$12.7M |
| 3 |
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
|
+$10.9M |
| 4 |
FirstEnergy
FE
|
+$6.03M |
| 5 |
EXEEL
Expand Energy Corp Class C Warrants
EXEEL
|
+$4.11M |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 17.14% |
| 2 | Consumer Discretionary | 4.14% |
| 3 | Communication Services | 3.13% |
| 4 | Industrials | 2.5% |
| 5 | Energy | 0.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$823B
| – | – |
-950,000
| Closed | -$339M |
|
27
CALL
State Street Materials Select Sector SPDR ETF
XLB
$8.66B
| – | – |
-800,000
| Closed | -$26.2M |
|
28
CALL
YPF Sociedad Anonima American Depositary Shares (Each representing ten (10) Class D shares of Capital Stock)
YPF
$19.3B
| – | – |
-1,000,000
| Closed | -$6.21M |
|
|
AVYA
29
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
| – | – |
-200,000
| Closed | -$318K |
|
|
FCAX.WS
30
DELISTED
Fortress Capital Acquisition Corp. Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share
FCAX.WS
| – | – |
-100,000
| Closed | -$8K |
|
|
TWTR
31
CALL
DELISTED
Twitter, Inc.
TWTR
| – | – |
-450,000
| Closed | -$19.7M |
|
|
GBTG.WS
32
DELISTED
Global Business Travel Group, Inc. Warrants, each exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share
GBTG.WS
| – | – |
-4,023,632
| Closed | -$6.32M |
|
Similar funds
Carronade Capital Management's Q4 2022 Portfolio in Review
As of Q4 2022, Carronade Capital Management held 37 positions worth $459M, down 49% from $899M the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Carronade Capital Management withdrew a net $501M in Q4 2022, closing 13 positions and reducing 2 holdings. Its most notable exit was Global Business Travel Group, Inc. Warrants, each exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share, an estimated $6.32M position sold in full.
By sector, the portfolio is most concentrated in Utilities at 17% of assets, up from 7.6% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Carronade Capital Management opened a new position in Shaw Communications Inc. worth $14.4M.
- Carronade Capital Management's largest Q4 2022 buy was Shaw Communications Inc.: 498,500 shares worth $14.4M.
- Carronade Capital Management added most to American Express Global Business Travel in Q4 2022, an estimated $12.7M increase.
- Carronade Capital Management's biggest Q4 2022 reduction was Cumulus Media Inc. Class A Common Stock, cutting an estimated $941K.
- Carronade Capital Management fully exited Global Business Travel Group, Inc. Warrants, each exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share in Q4 2022, selling an estimated $6.32M.
- Carronade Capital Management's ten largest holdings make up 73% of its $459M portfolio in Q4 2022.
- Carronade Capital Management opened 7 new positions and closed 13 in Q4 2022.
- Carronade Capital Management's portfolio value fell 49% quarter-over-quarter to $459M.
Based on Carronade Capital Management's 13F filing for Q4 2022, filed 14 Feb 2023.