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CCM

Carronade Capital Management Portfolio holdings

AUM $7.65B
1-Year Est. Return 80.26%
This Fund
S&P 500
This Quarter Est. Return
-1.44%
1 Year Est. Return
+80.26%
3 Year Est. Return
+179.26%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$247M
AUM Growth
-$212M
Cap. Flow
-$300M
Cap. Flow %
-121.49%
Top 10 Hldgs %
89.91%
Holding
32
New
8
Increased
4
Reduced
2
Closed
11

Top Buys

Rank Stock Value
1
ONYX
Onyx Acquisition Co. I Class A Ordinary Shares
ONYX
+$10.5M
2
CBD
Companhia Brasileira de Distribuicao
CBD
+$7.59M
3
GBTG icon
American Express Global Business Travel
GBTG
+$1.81M
4
MSTR icon
Strategy Inc
MSTR
+$1.29M
5
SWX icon
Southwest Gas
SWX
+$1.11M

Top Sells

Rank Stock Value
1
FE icon
FirstEnergy
FE
+$37.4M
2
SJR
Shaw Communications Inc.
SJR
+$14.4M
3
XOP icon
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
+$10.2M
4
NEE icon
NextEra Energy
NEE
+$4.47M
5
CMLS
Cumulus Media Inc. Class A Common Stock
CMLS
+$2.51M

Sector Composition

Rank Sector Weight
1 Utilities 15.47%
2 Consumer Discretionary 8.27%
3 Industrials 5.25%
4 Financials 4.26%
5 Technology 0.63%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GOL
26
CALL
DELISTED
Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares)
GOL
– –
-375,000
Closed -$1M
SJR
27
DELISTED
Shaw Communications Inc.
SJR
– –
-498,500
Closed -$14.4M
1
2

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BFM
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SP
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SIAU
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WRCM
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IMCOOI
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ASN
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Carronade Capital Management's Q1 2023 Portfolio in Review

As of Q1 2023, Carronade Capital Management held 32 positions worth $247M, down 46% from $459M the previous quarter. Its ten largest holdings account for 90% of the portfolio.

Carronade Capital Management withdrew a net $300M in Q1 2023, closing 11 positions and reducing 2 holdings. Its most notable exit was FirstEnergy, an estimated $37.4M position sold in full.

By sector, the portfolio is most concentrated in Utilities at 15% of assets, down from 17% a quarter earlier, followed by Consumer Discretionary and Industrials.

Against the trend, Carronade Capital Management opened a new position in Onyx Acquisition Co. I Class A Ordinary Shares worth $10.5M.

  • Carronade Capital Management's largest Q1 2023 buy was Onyx Acquisition Co. I Class A Ordinary Shares: 1,000,000 shares worth $10.5M.
  • Carronade Capital Management added most to American Express Global Business Travel in Q1 2023, an estimated $1.81M increase.
  • Carronade Capital Management fully exited FirstEnergy in Q1 2023, selling an estimated $37.4M.
  • Carronade Capital Management's ten largest holdings make up 90% of its $247M portfolio in Q1 2023.
  • Carronade Capital Management opened 8 new positions and closed 11 in Q1 2023.
  • Carronade Capital Management's portfolio value fell 46% quarter-over-quarter to $247M.

Based on Carronade Capital Management's 13F filing for Q1 2023, filed 15 May 2023.