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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
-1.46%
1 Year Est. Return
+89.67%
3 Year Est. Return
+214.78%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$680M
AUM Growth
+$269M
Cap. Flow
-$77.6M
Cap. Flow %
-11.4%
Top 10 Hldgs %
74.12%
Holding
33
New
14
Increased
7
Reduced
3
Closed
5

Top Buys

Rank Stock Value
1
SWX icon
Southwest Gas
SWX
+$9.49M
2
BHC icon
Bausch Health
BHC
+$6.9M
3
EXTO
Almacenes Exito S.A
EXTO
+$6.88M
4
HE icon
Hawaiian Electric Industries
HE
+$6.83M
5
SPHR icon
Sphere Entertainment
SPHR
+$3.73M

Top Sells

Rank Stock Value
1
CBD
Companhia Brasileira de Distribuicao
CBD
+$9.01M
2
HTZ icon
Hertz
HTZ
+$3.73M
3
VAL.WS icon
Valaris Ltd Warrants
VAL.WS
+$688K
4
ONYX
Onyx Acquisition Co. I Class A Ordinary Shares
ONYX
+$64.2K

Sector Composition

Rank Sector Weight
1 Miscellaneous 84.67%
2 Utilities 5.71%
3 Consumer Discretionary 2.81%
4 Communication Services 1.88%
5 Financials 1.59%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IWM icon
1
CALL
iShares Russell 2000 ETF
IWM
$77.3B
$124M 18.18%
+700,000
New +$131M
IWM icon
2
PUT
iShares Russell 2000 ETF
IWM
$77.3B
$124M 18.18%
+700,000
New +$131M
MPT
3
PUT
Medical Properties Trust
MPT
$2.13B
$38.1M 5.61%
7,000,000
+6,215,000
+792% +$49.8M
SWX icon
4
Southwest Gas
SWX
$5.97B
$35.4M 5.2%
585,394
+148,826
+34% +$9.49M
OIH icon
5
PUT
VanEck Oil Services ETF
OIH
$2.03B
$34.5M 5.07%
+100,000
New +$33.8M
EXEEL
6
DELISTED
Expand Energy Corp Class C Warrants
EXEEL
$32.2M 4.74%
456,802
+550
+0.1% +$37.4K
KRE icon
7
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$3.81B
$29.2M 4.3%
+700,000
New +$31.2M
AAL icon
8
PUT
American Airlines Group
AAL
$9.18B
$23.1M 3.39%
+1,800,000
New +$27.9M
CVNA icon
9
PUT
Carvana
CVNA
$46.8B
$21M 3.08%
+2,500,000
New +$21.5M
GBTG icon
10
American Express Global Business Travel
GBTG
$4.96B
$19.1M 2.81%
3,473,562
+176,404
+5% +$1.14M
VAL.WS icon
11
Valaris Ltd Warrants
VAL.WS
$648M
$13.7M 2.01%
938,688
-50,000
-5% -$688K
SPHR icon
12
Sphere Entertainment
SPHR
$5.07B
$11.2M 1.64%
301,097
+101,097
+51% +$3.73M
ONYX
13
DELISTED
Onyx Acquisition Co. I Class A Ordinary Shares
ONYX
$10.8M 1.59%
994,082
-5,918
-0.6% -$64.2K
HTZ icon
14
PUT
Hertz
HTZ
$620M
$10.3M 1.51%
+839,200
New +$14M
HTZWW
15
Hertz Global Holdings Warrants
HTZWW
$74.7M
$9.45M 1.39%
1,544,589
+62,992
+4% +$567K
PSEC icon
16
PUT
Prospect Capital
PSEC
$1.17B
$9.21M 1.35%
1,521,900
+671,900
+79% +$4.19M
HTZ icon
17
Hertz
HTZ
$620M
$7.56M 1.11%
617,029
-222,971
-27% -$3.73M
EXTO
18
DELISTED
Almacenes Exito S.A
EXTO
$6.85M 1.01%
+1,250,000
New +$6.88M
BHC icon
19
Bausch Health
BHC
$2.13B
$6.58M 0.97%
+800,000
New +$6.9M
BHC icon
20
CALL
Bausch Health
BHC
$2.13B
$5.75M 0.85%
+700,000
New +$6.03M
HE icon
21
PUT
Hawaiian Electric Industries
HE
$1.57B
$5.3M 0.78%
+430,800
New +$10.5M
HE icon
22
Hawaiian Electric Industries
HE
$1.57B
$3.46M 0.51%
+280,800
New +$6.83M
VAL icon
23
Valaris
VAL
$5.62B
$1.87M 0.28%
+25,000
New +$1.84M
CCO icon
24
Clear Channel Outdoor Holdings
CCO
$1.2B
$1.58M 0.23%
+1,000,000
New +$1.52M
FE icon
25
CALL
FirstEnergy
FE
$25.1B
– –
-500,000
Closed -$19.4M
1
2

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DWA
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NCM
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Carronade Capital Management's Q3 2023 Portfolio in Review

As of Q3 2023, Carronade Capital Management held 33 positions worth $680M, up 65% from $412M the previous quarter. Its ten largest holdings account for 74% of the portfolio.

Carronade Capital Management withdrew a net $77.6M in Q3 2023, closing 5 positions and reducing 3 holdings. Its most notable exit was Companhia Brasileira de Distribuicao, an estimated $9.01M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 85% of assets, up from 78% a quarter earlier, followed by Utilities and Consumer Discretionary.

Against the trend, Carronade Capital Management opened a new position in Bausch Health worth $6.58M.

  • Carronade Capital Management's largest Q3 2023 buy was Bausch Health: 800,000 shares worth $6.58M.
  • Carronade Capital Management added most to Southwest Gas in Q3 2023, an estimated $9.49M increase.
  • Carronade Capital Management's biggest Q3 2023 reduction was Hertz, cutting an estimated $3.73M.
  • Carronade Capital Management fully exited Companhia Brasileira de Distribuicao in Q3 2023, selling an estimated $9.01M.
  • Carronade Capital Management's ten largest holdings make up 74% of its $680M portfolio in Q3 2023.
  • Carronade Capital Management opened 14 new positions and closed 5 in Q3 2023.
  • Carronade Capital Management's portfolio value rose 65% quarter-over-quarter to $680M.

Based on Carronade Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.