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CCM

Carronade Capital Management Portfolio holdings

AUM $5.77B
1-Year Est. Return 89.67%
This Fund
S&P 500
This Quarter Est. Return
+4.47%
1 Year Est. Return
+89.67%
3 Year Est. Return
+214.78%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$412M
AUM Growth
+$165M
Cap. Flow
-$92.3M
Cap. Flow %
-22.42%
Top 10 Hldgs %
80.89%
Holding
26
New
7
Increased
3
Reduced
1
Closed
8

Top Buys

Rank Stock Value
1
SPHR icon
Sphere Entertainment
SPHR
+$6.63M
2
GBTG icon
American Express Global Business Travel
GBTG
+$1.48M
3
HTZWW
Hertz Global Holdings Warrants
HTZWW
+$772K
4
HTZ icon
Hertz
HTZ
+$737K

Top Sells

Rank Stock Value
1
SWX icon
Southwest Gas
SWX
+$10.3M
2
MSTR icon
Strategy Inc
MSTR
+$1.55M

Sector Composition

Rank Sector Weight
1 Miscellaneous 77.56%
2 Utilities 6.75%
3 Consumer Discretionary 5.79%
4 Industrials 3.75%
5 Financials 2.63%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
XLE icon
1
PUT
State Street Energy Select Sector SPDR ETF
XLE
$40.2B
$64.9M 15.78%
+1,600,000
New +$65.2M
RSP icon
2
PUT
Invesco S&P 500 Equal Weight ETF
RSP
$96.8B
$44.9M 10.91%
+300,000
New +$43.2M
EXEEL
3
DELISTED
Expand Energy Corp Class C Warrants
EXEEL
$29.5M 7.18%
456,252
– –
SWX icon
4
Southwest Gas
SWX
$5.97B
$27.8M 6.75%
436,568
-175,000
-29% -$10.3M
GBTG icon
5
American Express Global Business Travel
GBTG
$4.96B
$23.8M 5.79%
3,297,158
+217,561
+7% +$1.48M
FE icon
6
CALL
FirstEnergy
FE
$25.1B
$19.4M 4.72%
+500,000
New +$19.6M
FE icon
7
PUT
FirstEnergy
FE
$25.1B
$19.4M 4.72%
+500,000
New +$19.6M
HTZ icon
8
Hertz
HTZ
$620M
$15.4M 3.75%
840,000
+45,000
+6% +$737K
HTZWW
9
Hertz Global Holdings Warrants
HTZWW
$74.7M
$14.9M 3.63%
1,481,597
+85,000
+6% +$772K
ONYX
10
DELISTED
Onyx Acquisition Co. I Class A Ordinary Shares
ONYX
$10.8M 2.63%
1,000,000
– –
VAL.WS icon
11
Valaris Ltd Warrants
VAL.WS
$648M
$10.4M 2.53%
988,688
– –
CBD
12
DELISTED
Companhia Brasileira de Distribuicao
CBD
$9.01M 2.19%
2,340,000
– –
MPT
13
PUT
Medical Properties Trust
MPT
$2.13B
$7.27M 1.77%
+785,000
New +$6.64M
SPHR icon
14
Sphere Entertainment
SPHR
$5.07B
$5.48M 1.33%
+200,000
New +$6.63M
PSEC icon
15
PUT
Prospect Capital
PSEC
$1.17B
$5.27M 1.28%
+850,000
New +$5.47M
LQD icon
16
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$27.7B
– –
-5,000
Closed -$50K
MMM icon
17
PUT
3M
MMM
$87.4B
– –
-3,588
Closed -$1.43M
MSTR icon
18
Strategy Inc
MSTR
$63B
– –
-53,000
Closed -$1.55M
SPY icon
19
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$796B
– –
-10,000
Closed -$85K
VLU icon
20
PUT
State Street SPDR S&P 1500 Value Tilt ETF
VLU
$753M
– –
-2,400
Closed -$97.2K
FRC
21
PUT
DELISTED
First Republic Bank
FRC
– –
-1,500
Closed -$199K
ATVI
22
CALL
DELISTED
Activision Blizzard
ATVI
– –
-4,416
Closed -$3.8M
DISH
23
CALL
DELISTED
DISH Network Corp.
DISH
– –
-2,000
Closed -$137K

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LFG
Lazard Frères Gestion Paris, France $5.77B AUM 23.8% 1-Year Est. Return
SCM
Snyder Capital Management San Francisco, California $5.79B AUM 33.56% 1-Year Est. Return
DWA
Douglass Winthrop Advisors New York $5.8B AUM 11.8% 1-Year Est. Return
NCM
Nearwater Capital Markets Dublin 4, Dublin, Ireland $5.8B AUM 88.72% 1-Year Est. Return
SAG
Susquehanna Advisors Group Bala Cynwyd, Pennsylvania $5.75B AUM 39.93% 1-Year Est. Return
JWCA
J.W. Cole Advisors Tampa, Florida $5.83B AUM 32.38% 1-Year Est. Return
KCM
Kensico Capital Management Greenwich, Connecticut $5.83B AUM 42.34% 1-Year Est. Return
HP
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Carronade Capital Management's Q2 2023 Portfolio in Review

As of Q2 2023, Carronade Capital Management held 26 positions worth $412M, up 67% from $247M the previous quarter. Its ten largest holdings account for 81% of the portfolio.

Carronade Capital Management withdrew a net $92.3M in Q2 2023, closing 8 positions and reducing 1 holding. Its most notable exit was Strategy Inc, an estimated $1.55M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 78% of assets, up from 63% a quarter earlier, followed by Utilities and Consumer Discretionary.

Against the trend, Carronade Capital Management opened a new position in Sphere Entertainment worth $5.48M.

  • Carronade Capital Management's largest Q2 2023 buy was Sphere Entertainment: 200,000 shares worth $5.48M.
  • Carronade Capital Management added most to American Express Global Business Travel in Q2 2023, an estimated $1.48M increase.
  • Carronade Capital Management's biggest Q2 2023 reduction was Southwest Gas, cutting an estimated $10.3M.
  • Carronade Capital Management fully exited Strategy Inc in Q2 2023, selling an estimated $1.55M.
  • Carronade Capital Management's ten largest holdings make up 81% of its $412M portfolio in Q2 2023.
  • Carronade Capital Management opened 7 new positions and closed 8 in Q2 2023.
  • Carronade Capital Management's portfolio value rose 67% quarter-over-quarter to $412M.

Based on Carronade Capital Management's 13F filing for Q2 2023, filed 14 Aug 2023.