CARRONADE CAPITAL MANAGEMENT, LP Hedge Fund

CIK: 0001866872 · Show all filings

Period: Q1 2025 (← Previous) (Next →)

Filing Date: Aug 19, 2025

Total Value ($000): $1,786,628 (100.0% shares, 0.0% debt)

Holdings (30)

SPY SPDR S&P 500 ETF TR 62.6%

Value ($000) $1,118,780 Shares 2,000,000 Est. Cost — Unrealized —

GEO FRONTIER COMMUNICATIONS PARE 8.2%

Value ($000) $146,935 Shares 3,867,186 Est. Cost $22.44 Unrealized +27.8%

— TALEN ENERGY CORP 4.5%

Value ($000) $79,868 Shares 400,000 Est. Cost $1.00 Unrealized —

CNNE CANNAE HLDGS INC 3.1%

Value ($000) $55,277 Shares 3,015,647 Est. Cost $18.71 Unrealized -2.1%

GBTG GEO GROUP INC NEW 2.8%

Value ($000) $49,134 Shares 1,682,104 Est. Cost $6.00 Unrealized +40.5%

SBGI EXPAND ENERGY CORPORATION 2.6%

Value ($000) $45,712 Shares 456,802 Est. Cost $16.31 Unrealized -7.2%

ITB ISHARES TR 1.6%

Value ($000) $28,563 Shares 300,000 Est. Cost $45.17 Unrealized —

— ECHOSTAR CORP 1.4%

Value ($000) $24,871 Shares 22,254,204 Est. Cost $1.06 Unrealized —

CPT BROOKDALE SR LIVING INC 1.4%

Value ($000) $24,721 Shares 3,949,011 Est. Cost $112.96 Unrealized +0.3%

VAL/WS TRANSOCEAN INC 1.3%

Value ($000) $23,861 Shares 23,625,000 Est. Cost $1.14 Unrealized —

CZR CENTURI HOLDINGS INC 1.2%

Value ($000) $21,073 Shares 1,285,724 Est. Cost $32.53 Unrealized 0.0%

— GLOBAL BUSINESS TRAVEL GROUP 1.0%

Value ($000) $17,868 Shares 2,461,182 Est. Cost $1.36 Unrealized —

OPTU ALTICE USA INC 0.8%

Value ($000) $14,999 Shares 5,638,859 Est. Cost $2.45 Unrealized +10.2%

MAA SPHERE ENTERTAINMENT CO 0.8%

Value ($000) $14,817 Shares 12,300,000 Est. Cost $153.17 Unrealized +0.0%

KSS KOHLS CORP 0.7%

Value ($000) $13,088 Shares 1,600,000 Est. Cost $17.23 Unrealized -32.6%

CTRI CAMDEN PPTY TR 0.6%

Value ($000) $11,075 Shares 90,558 Est. Cost $24.54 Unrealized -21.6%

ITB UDR INC 0.6%

Value ($000) $11,006 Shares 243,655 Est. Cost $45.17 Unrealized —

UDR ECHOSTAR CORP 0.6%

Value ($000) $10,935 Shares 427,500 Est. Cost $39.15 Unrealized +5.7%

AVB AVALONBAY CMNTYS INC 0.6%

Value ($000) $10,341 Shares 48,185 Est. Cost $189.06 Unrealized +10.8%

EQR EQUITY RESIDENTIAL 0.6%

Value ($000) $10,308 Shares 144,001 Est. Cost $62.52 Unrealized +8.4%

VSAT SINCLAIR INC 0.4%

Value ($000) $7,239 Shares 454,398 Est. Cost $9.64 Unrealized 0.0%

TLN MID-AMER APT CMNTYS INC 0.4%

Value ($000) $6,833 Shares 40,776 Est. Cost $146.41 Unrealized +48.1%

VSAT VIASAT INC 0.4%

Value ($000) $6,773 Shares 650,000 Est. Cost $9.64 Unrealized 0.0%

EXEEL ESSEX PPTY TR INC 0.4%

Value ($000) $6,353 Shares 20,724 Est. Cost $50.19 Unrealized —

DHC CAESARS ENTERTAINMENT INC NE 0.3%

Value ($000) $5,875 Shares 235,000 Est. Cost $25.00 Unrealized —

VISN COMMSCOPE HLDG CO INC 0.3%

Value ($000) $5,788 Shares 1,090,051 Est. Cost $4.27 Unrealized +24.3%

ESS DIVERSIFIED HEALTHCARE TR 0.3%

Value ($000) $5,099 Shares 2,124,704 Est. Cost $281.34 Unrealized +0.1%

TDS LUMEN TECHNOLOGIES INC 0.2%

Value ($000) $3,920 Shares 1,000,000 Est. Cost $30.42 Unrealized +18.4%

BKD VALARIS LTD 0.2%

Value ($000) $3,498 Shares 687,260 Est. Cost $6.37 Unrealized -16.0%

— BROOKDALE SR LIVING INC 0.1%

Value ($000) $2,018 Shares 2,000,000 Est. Cost $1.04 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	2,000,000	$1,118,780	62.6%	—	—	Call	78462F103
GEO	FRONTIER COMMUNICATIONS PARE	3,867,186	$146,935	8.2%	$22.44	+27.8%	COM	36162J106
—	TALEN ENERGY CORP	400,000	$79,868	4.5%	$1.00	—	COM	893830BT5
CNNE	CANNAE HLDGS INC	3,015,647	$55,277	3.1%	$18.71	-2.1%	COM	13765N107
GBTG	GEO GROUP INC NEW	1,682,104	$49,134	2.8%	$6.00	+40.5%	COM	37890B100
SBGI	EXPAND ENERGY CORPORATION	456,802	$45,712	2.6%	$16.31	-7.2%	*W EXP 02/09/202	829242106
ITB	ISHARES TR	300,000	$28,563	1.6%	$45.17	—	Call	464288752
—	ECHOSTAR CORP	22,254,204	$24,871	1.4%	$1.06	—	NOTE 3.875%11/3	278768AB2
CPT	BROOKDALE SR LIVING INC	3,949,011	$24,721	1.4%	$112.96	+0.3%	COM	133131102
VAL/WS	TRANSOCEAN INC	23,625,000	$23,861	1.3%	$1.14	—	DEB 4.000%12/1	G9460G119
CZR	CENTURI HOLDINGS INC	1,285,724	$21,073	1.2%	$32.53	0.0%	COM SHS	12769G100
—	GLOBAL BUSINESS TRAVEL GROUP	2,461,182	$17,868	1.0%	$1.36	—	COM CL A	55826TAB8
OPTU	ALTICE USA INC	5,638,859	$14,999	0.8%	$2.45	+10.2%	CL A	02156K103
MAA	SPHERE ENTERTAINMENT CO	12,300,000	$14,817	0.8%	$153.17	+0.0%	NOTE 3.500%12/0	59522J103
KSS	KOHLS CORP	1,600,000	$13,088	0.7%	$17.23	-32.6%	Put	500255104
CTRI	CAMDEN PPTY TR	90,558	$11,075	0.6%	$24.54	-21.6%	SH BEN INT	155923105
ITB	UDR INC	243,655	$11,006	0.6%	$45.17	—	COM	464288752
UDR	ECHOSTAR CORP	427,500	$10,935	0.6%	$39.15	+5.7%	CL A	902653104
AVB	AVALONBAY CMNTYS INC	48,185	$10,341	0.6%	$189.06	+10.8%	COM	053484101
EQR	EQUITY RESIDENTIAL	144,001	$10,308	0.6%	$62.52	+8.4%	SH BEN INT	29476L107
VSAT	SINCLAIR INC	454,398	$7,239	0.4%	$9.64	0.0%	CL A	92552V100
TLN	MID-AMER APT CMNTYS INC	40,776	$6,833	0.4%	$146.41	+48.1%	COM	87422Q109
VSAT	VIASAT INC	650,000	$6,773	0.4%	$9.64	0.0%	Call	92552V100
EXEEL	ESSEX PPTY TR INC	20,724	$6,353	0.4%	$50.19	—	COM	165167180
DHC	CAESARS ENTERTAINMENT INC NE	235,000	$5,875	0.3%	$25.00	—	COM	25525P107
VISN	COMMSCOPE HLDG CO INC	1,090,051	$5,788	0.3%	$4.27	+24.3%	COM	20337X109
ESS	DIVERSIFIED HEALTHCARE TR	2,124,704	$5,099	0.3%	$281.34	+0.1%	COM SH BEN INT	297178105
TDS	LUMEN TECHNOLOGIES INC	1,000,000	$3,920	0.2%	$30.42	+18.4%	COM	879433829
BKD	VALARIS LTD	687,260	$3,498	0.2%	$6.37	-16.0%	*W EXP 04/29/202	112463104
—	BROOKDALE SR LIVING INC	2,000,000	$2,018	0.1%	$1.04	—	NOTE 2.000%10/1	112463AC8