CARRONADE CAPITAL MANAGEMENT, LP Hedge Fund

CIK: 0001866872 · Show all filings

Period: Q3 2022 (← Previous) (Next →)

Filing Date: Nov 14, 2022

Total Value ($000): $898,624 (90.3% shares, 9.7% debt)

Holdings (30)

— SPDR S&P 500 ETF TR 37.8%

Value ($000) $339,321 Shares 950,000 Est. Cost — Unrealized —

— INVESCO QQQ TR 14.9%

Value ($000) $133,630 Shares 500,000 Est. Cost — Unrealized —

— SPDR SER TR 6.9%

Value ($000) $62,360 Shares 500,000 Est. Cost — Unrealized —

SWX SOUTHWEST GAS HLDGS INC 4.2%

Value ($000) $37,357 Shares 535,591 Est. Cost $75.81 Unrealized +7.0%

Value ($000) $33,150 Shares 300,000 Est. Cost — Unrealized —

EXEEL CHESAPEAKE ENERGY CORP 3.3%

Value ($000) $29,498 Shares 405,520 Est. Cost $46.79 Unrealized —

FE FIRSTENERGY CORP 3.0%

Value ($000) $27,252 Shares 736,540 Est. Cost $33.18 Unrealized +3.6%

— SELECT SECTOR SPDR TR 2.9%

Value ($000) $26,204 Shares 400,000 Est. Cost — Unrealized —

— AURORA CANNABIS INC 2.7%

Value ($000) $23,865 Shares 26,082,000 Est. Cost $0.84 Unrealized —

— TWITTER INC 2.2%

Value ($000) $19,728 Shares 450,000 Est. Cost — Unrealized —

— TRANSOCEAN INC 2.1%

Value ($000) $18,768 Shares 21,000,000 Est. Cost $0.98 Unrealized —

— CNX RES CORP 2.1%

Value ($000) $18,636 Shares 1,200,000 Est. Cost — Unrealized —

— DISH NETWORK CORPORATION 2.0%

Value ($000) $18,044 Shares 27,500,000 Est. Cost $0.92 Unrealized —

— AMC ENTMT HLDGS INC 1.9%

Value ($000) $17,425 Shares 2,500,000 Est. Cost — Unrealized —

— TWITTER INC 1.5%

Value ($000) $13,713 Shares 13,500,000 Est. Cost $1.02 Unrealized —

— MICROSTRATEGY INC 1.5%

Value ($000) $13,059 Shares 28,853,000 Est. Cost $0.70 Unrealized —

— NUCOR CORP 1.4%

Value ($000) $12,197 Shares 114,000 Est. Cost — Unrealized —

HTZWW HERTZ GLOBAL HLDGS INC 1.3%

Value ($000) $11,894 Shares 1,351,597 Est. Cost $15.44 Unrealized —

HTZ HERTZ GLOBAL HLDGS INC 1.1%

Value ($000) $9,849 Shares 605,000 Est. Cost $24.09 Unrealized -22.1%

VAL/WS VALARIS LIMITED 0.7%

Value ($000) $6,658 Shares 822,997 Est. Cost $4.22 Unrealized —

— GLOBAL BUSINESS TRAVEL GROUP 0.7%

Value ($000) $6,317 Shares 4,023,632 Est. Cost $1.16 Unrealized —

— YPF SOCIEDAD ANONIMA 0.7%

Value ($000) $6,210 Shares 1,000,000 Est. Cost — Unrealized —

CMLS CUMULUS MEDIA INC 0.4%

Value ($000) $3,768 Shares 535,975 Est. Cost $11.49 Unrealized -26.1%

NEE NEXTERA ENERGY INC 0.4%

Value ($000) $3,528 Shares 45,000 Est. Cost $72.07 Unrealized +7.0%

GBTG GLOBAL BUSINESS TRAVEL GROUP 0.3%

Value ($000) $2,835 Shares 500,816 Est. Cost $6.50 Unrealized +6.5%

— GOL LINHAS AEREAS INTELIGENT 0.1%

Value ($000) $1,234 Shares 375,000 Est. Cost — Unrealized —

— LUCID GROUP INC 0.1%

Value ($000) $1,048 Shares 75,000 Est. Cost — Unrealized —

— BERRY CORP 0.1%

Value ($000) $750 Shares 100,000 Est. Cost $8.42 Unrealized —

— AVAYA HLDGS CORP 0.0%

Value ($000) $318 Shares 200,000 Est. Cost $1.59 Unrealized —

— FORTRESS CAPITAL ACQUISITION 0.0%

Value ($000) $8 Shares 100,000 Est. Cost $0.78 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	SPDR S&P 500 ETF TR	950,000	$339,321	37.8%	—	—	Put	78462F953
—	INVESCO QQQ TR	500,000	$133,630	14.9%	—	—	Put	46090E953
—	SPDR SER TR	500,000	$62,360	6.9%	—	—	Put	78468R956
SWX	SOUTHWEST GAS HLDGS INC	535,591	$37,357	4.2%	$75.81	+7.0%	COM	844895102
—	3M CO	300,000	$33,150	3.7%	—	—	Call	88579Y901
EXEEL	CHESAPEAKE ENERGY CORP	405,520	$29,498	3.3%	$46.79	—	*W EXP 02/09/202	165167180
FE	FIRSTENERGY CORP	736,540	$27,252	3.0%	$33.18	+3.6%	COM	337932107
—	SELECT SECTOR SPDR TR	400,000	$26,204	2.9%	—	—	Call	81369Y906
—	AURORA CANNABIS INC	26,082,000	$23,865	2.7%	$0.84	—	NOTE 5.500% 2/2	05156XAG3
—	TWITTER INC	450,000	$19,728	2.2%	—	—	Call	90184L902
—	TRANSOCEAN INC	21,000,000	$18,768	2.1%	$0.98	—	DEB 4.000%12/1	893830BT5
—	CNX RES CORP	1,200,000	$18,636	2.1%	—	—	Call	12653C908
—	DISH NETWORK CORPORATION	27,500,000	$18,044	2.0%	$0.92	—	NOTE 12/1	25470MAF6
—	AMC ENTMT HLDGS INC	2,500,000	$17,425	1.9%	—	—	Put	00165C954
—	TWITTER INC	13,500,000	$13,713	1.5%	$1.02	—	NOTE 0.250% 6/1	90184LAF9
—	MICROSTRATEGY INC	28,853,000	$13,059	1.5%	$0.70	—	NOTE 2/1	594972AE1
—	NUCOR CORP	114,000	$12,197	1.4%	—	—	Put	670346955
HTZWW	HERTZ GLOBAL HLDGS INC	1,351,597	$11,894	1.3%	$15.44	—	*W EXP 06/30/205	42806J148
HTZ	HERTZ GLOBAL HLDGS INC	605,000	$9,849	1.1%	$24.09	-22.1%	COM NEW	42806J700
VAL/WS	VALARIS LIMITED	822,997	$6,658	0.7%	$4.22	—	*W EXP 04/29/202	G9460G119
—	GLOBAL BUSINESS TRAVEL GROUP	4,023,632	$6,317	0.7%	$1.16	—	*W EXP 99/99/999	37890B118
—	YPF SOCIEDAD ANONIMA	1,000,000	$6,210	0.7%	—	—	Call	984245900
CMLS	CUMULUS MEDIA INC	535,975	$3,768	0.4%	$11.49	-26.1%	COM CL A	231082801
NEE	NEXTERA ENERGY INC	45,000	$3,528	0.4%	$72.07	+7.0%	COM	65339F101
GBTG	GLOBAL BUSINESS TRAVEL GROUP	500,816	$2,835	0.3%	$6.50	+6.5%	COM CL A	37890B100
—	GOL LINHAS AEREAS INTELIGENT	375,000	$1,234	0.1%	—	—	Call	38045R906
—	LUCID GROUP INC	75,000	$1,048	0.1%	—	—	Put	549498953
—	BERRY CORP	100,000	$750	0.1%	$8.42	—	COM	08579X101
—	AVAYA HLDGS CORP	200,000	$318	0.0%	$1.59	—	COM	05351X101
—	FORTRESS CAPITAL ACQUISITION	100,000	$8	0.0%	$0.78	—	*W EXP 99/99/999	G36427121