CARRONADE CAPITAL MANAGEMENT, LP Hedge Fund

CIK: 0001866872 · Show all filings

Period: Q4 2022 (← Previous) (Next →)

Filing Date: Feb 14, 2023

Total Value ($000): $458,510 (81.6% shares, 18.4% debt)

Holdings (24)

XLE SELECT SECTOR SPDR TR 13.4%

Value ($000) $61,229 Shares 700,000 Est. Cost — Unrealized —

— SPDR SER TR 8.9%

Value ($000) $40,764 Shares 300,000 Est. Cost — Unrealized —

FE FIRSTENERGY CORP 8.1%

Value ($000) $37,362 Shares 890,840 Est. Cost $33.38 Unrealized +2.9%

SWX SOUTHWEST GAS HLDGS INC 8.0%

Value ($000) $36,762 Shares 594,091 Est. Cost $75.04 Unrealized -9.4%

EXEEL CHESAPEAKE ENERGY CORP 7.7%

Value ($000) $35,296 Shares 456,252 Est. Cost $50.19 Unrealized —

Value ($000) $29,980 Shares 250,000 Est. Cost — Unrealized —

— TRANSOCEAN INC 5.9%

Value ($000) $27,028 Shares 22,500,000 Est. Cost $1.00 Unrealized —

— AURORA CANNABIS INC 5.7%

Value ($000) $26,341 Shares 27,582,000 Est. Cost $0.85 Unrealized —

— DISH NETWORK CORPORATION 4.5%

Value ($000) $20,717 Shares 23,000,000 Est. Cost $0.90 Unrealized —

XLU SELECT SECTOR SPDR TR 4.2%

Value ($000) $19,388 Shares 275,000 Est. Cost — Unrealized —

GBTG GLOBAL BUSINESS TRAVEL GROUP 4.1%

Value ($000) $19,003 Shares 2,815,328 Est. Cost $5.68 Unrealized -3.1%

— ACTIVISION BLIZZARD INC 3.4%

Value ($000) $15,432 Shares 201,600 Est. Cost — Unrealized —

— SHAW COMMUNICATIONS INC 3.1%

Value ($000) $14,361 Shares 498,500 Est. Cost $28.81 Unrealized —

— MEDICAL PPTYS TRUST INC 2.7%

Value ($000) $12,254 Shares 1,100,000 Est. Cost — Unrealized —

HTZ HERTZ GLOBAL HLDGS INC 2.5%

Value ($000) $11,466 Shares 745,000 Est. Cost $22.73 Unrealized -25.9%

VAL/WS VALARIS LIMITED 2.5%

Value ($000) $11,351 Shares 953,865 Est. Cost $5.28 Unrealized —

HTZWW HERTZ GLOBAL HLDGS INC 2.3%

Value ($000) $10,412 Shares 1,396,597 Est. Cost $15.18 Unrealized —

XOP SPDR SER TR 2.2%

Value ($000) $10,191 Shares 75,000 Est. Cost $135.88 Unrealized —

— MICROSTRATEGY INC 1.5%

Value ($000) $6,883 Shares 18,853,000 Est. Cost $0.70 Unrealized —

NEE NEXTERA ENERGY INC 1.0%

Value ($000) $4,473 Shares 53,500 Est. Cost $72.35 Unrealized +2.0%

— DISH NETWORK CORPORATION 0.8%

Value ($000) $3,505 Shares 5,500,000 Est. Cost $0.92 Unrealized —

CMLS CUMULUS MEDIA INC 0.5%

Value ($000) $2,511 Shares 404,377 Est. Cost $11.49 Unrealized -37.8%

— GOL LINHAS AEREAS INTELIGENT 0.2%

Value ($000) $1,001 Shares 375,000 Est. Cost — Unrealized —

— BERRY CORP 0.2%

Value ($000) $800 Shares 100,000 Est. Cost $8.42 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
XLE	SELECT SECTOR SPDR TR	700,000	$61,229	13.4%	—	—	Put	81369Y506
—	SPDR SER TR	300,000	$40,764	8.9%	—	—	Put	78468R956
FE	FIRSTENERGY CORP	890,840	$37,362	8.1%	$33.38	+2.9%	COM	337932107
SWX	SOUTHWEST GAS HLDGS INC	594,091	$36,762	8.0%	$75.04	-9.4%	COM	844895102
EXEEL	CHESAPEAKE ENERGY CORP	456,252	$35,296	7.7%	$50.19	—	*W EXP 02/09/202	165167180
—	3M CO	250,000	$29,980	6.5%	—	—	Put	88579Y951
—	TRANSOCEAN INC	22,500,000	$27,028	5.9%	$1.00	—	DEB 4.000%12/1	893830BT5
—	AURORA CANNABIS INC	27,582,000	$26,341	5.7%	$0.85	—	NOTE 5.500% 2/2	05156XAG3
—	DISH NETWORK CORPORATION	23,000,000	$20,717	4.5%	$0.90	—	NOTE 2.375% 3/1	25470MAD1
XLU	SELECT SECTOR SPDR TR	275,000	$19,388	4.2%	—	—	Put	81369Y886
GBTG	GLOBAL BUSINESS TRAVEL GROUP	2,815,328	$19,003	4.1%	$5.68	-3.1%	COM CL A	37890B100
—	ACTIVISION BLIZZARD INC	201,600	$15,432	3.4%	—	—	Call	00507V909
—	SHAW COMMUNICATIONS INC	498,500	$14,361	3.1%	$28.81	—	CL B CONV	82028K200
—	MEDICAL PPTYS TRUST INC	1,100,000	$12,254	2.7%	—	—	Put	58463J954
HTZ	HERTZ GLOBAL HLDGS INC	745,000	$11,466	2.5%	$22.73	-25.9%	COM NEW	42806J700
VAL/WS	VALARIS LIMITED	953,865	$11,351	2.5%	$5.28	—	*W EXP 04/29/202	G9460G119
HTZWW	HERTZ GLOBAL HLDGS INC	1,396,597	$10,412	2.3%	$15.18	—	*W EXP 06/30/205	42806J148
XOP	SPDR SER TR	75,000	$10,191	2.2%	$135.88	—	S&P OILGAS EXP	78468R556
—	MICROSTRATEGY INC	18,853,000	$6,883	1.5%	$0.70	—	NOTE 2/1	594972AE1
NEE	NEXTERA ENERGY INC	53,500	$4,473	1.0%	$72.35	+2.0%	COM	65339F101
—	DISH NETWORK CORPORATION	5,500,000	$3,505	0.8%	$0.92	—	NOTE 12/1	25470MAF6
CMLS	CUMULUS MEDIA INC	404,377	$2,511	0.5%	$11.49	-37.8%	COM CL A	231082801
—	GOL LINHAS AEREAS INTELIGENT	375,000	$1,001	0.2%	—	—	Call	38045R906
—	BERRY CORP	100,000	$800	0.2%	$8.42	—	COM	08579X101