CARRONADE CAPITAL MANAGEMENT, LP Hedge Fund

CIK: 0001866872 · Show all filings

Period: Q4 2024 (← Previous) (Next →)

Filing Date: Aug 19, 2025

Total Value ($000): $1,875,401 (100.0% shares, 0.0% debt)

Holdings (38)

SPY SPDR S&P 500 ETF TR 46.9%

Value ($000) $879,120 Shares 1,500,000 Est. Cost — Unrealized —

IWM ISHARES TR 5.9%

Value ($000) $110,480 Shares 500,000 Est. Cost — Unrealized —

RSP INVESCO EXCHANGE TRADED FD T 5.8%

Value ($000) $107,942 Shares 616,000 Est. Cost — Unrealized —

MTUM ISHARES TR 5.5%

Value ($000) $103,460 Shares 500,000 Est. Cost — Unrealized —

TLN TALEN ENERGY CORP 5.0%

Value ($000) $93,090 Shares 462,056 Est. Cost $146.41 Unrealized +33.2%

TDS TELEPHONE & DATA SYS INC 3.5%

Value ($000) $64,833 Shares 1,900,707 Est. Cost $30.42 Unrealized 0.0%

— FRONTIER COMMUNICATIONS PARE 2.7%

Value ($000) $51,526 Shares 1,484,894 Est. Cost $35.34 Unrealized —

GEO GEO GROUP INC NEW 2.5%

Value ($000) $46,277 Shares 1,653,934 Est. Cost $14.10 Unrealized +57.3%

OPTU ALTICE USA INC 2.4%

Value ($000) $45,598 Shares 1,496,000 Est. Cost $2.00 Unrealized +24.5%

EXEEL EXPAND ENERGY CORPORATION 2.1%

Value ($000) $38,993 Shares 456,802 Est. Cost $50.19 Unrealized —

CNNE CANNAE HLDGS INC 1.9%

Value ($000) $35,444 Shares 1,784,713 Est. Cost $18.97 Unrealized +1.8%

TQQQ PROSHARES TR 1.8%

Value ($000) $33,630 Shares 425,000 Est. Cost — Unrealized —

GBTG GLOBAL BUSINESS TRAVEL GROUP 1.5%

Value ($000) $27,555 Shares 2,969,258 Est. Cost $6.00 Unrealized +42.2%

CTRI CENTURI HOLDINGS INC 1.3%

Value ($000) $24,412 Shares 1,264,224 Est. Cost $24.54 Unrealized -20.9%

BKLN INVESCO EXCH TRADED FD TR II 1.3%

Value ($000) $24,231 Shares 1,150,000 Est. Cost $21.16 Unrealized —

— TRANSOCEAN INC 1.3%

Value ($000) $24,193 Shares 23,225,000 Est. Cost $1.00 Unrealized —

— ECHOSTAR CORP 1.2%

Value ($000) $23,052 Shares 21,854,204 Est. Cost $1.05 Unrealized —

BKD BROOKDALE SR LIVING INC 0.9%

Value ($000) $16,766 Shares 3,333,196 Est. Cost $6.37 Unrealized -10.2%

— SPHERE ENTERTAINMENT CO 0.8%

Value ($000) $14,258 Shares 10,500,000 Est. Cost $1.36 Unrealized —

VISN COMMSCOPE HLDG CO INC 0.6%

Value ($000) $10,753 Shares 2,063,860 Est. Cost $4.27 Unrealized +31.0%

KSS KOHLS CORP 0.5%

Value ($000) $9,633 Shares 686,100 Est. Cost $17.23 Unrealized 0.0%

AVB AVALONBAY CMNTYS INC 0.5%

Value ($000) $8,827 Shares 40,127 Est. Cost $184.95 Unrealized +16.9%

UDR UDR INC 0.5%

Value ($000) $8,727 Shares 201,047 Est. Cost $36.61 Unrealized +15.5%

CPT CAMDEN PPTY TR 0.5%

Value ($000) $8,711 Shares 75,065 Est. Cost $98.25 Unrealized +16.5%

EQR EQUITY RESIDENTIAL 0.5%

Value ($000) $8,538 Shares 118,981 Est. Cost $61.42 Unrealized +13.7%

MPT MEDICAL PPTYS TRUST INC 0.4%

Value ($000) $7,900 Shares 2,000,000 Est. Cost — Unrealized —

SBGI SINCLAIR INC 0.4%

Value ($000) $7,334 Shares 454,398 Est. Cost $16.31 Unrealized +3.3%

NBIS NEBIUS GROUP N.V. 0.3%

Value ($000) $6,094 Shares 220,000 Est. Cost $24.38 Unrealized 0.0%

OPTU ALTICE USA INC 0.3%

Value ($000) $4,861 Shares 2,017,188 Est. Cost $2.00 Unrealized +24.5%

VAL/WS VALARIS LTD 0.3%

Value ($000) $4,738 Shares 686,633 Est. Cost $5.48 Unrealized —

SPHR SPHERE ENTERTAINMENT CO 0.2%

Value ($000) $4,659 Shares 115,560 Est. Cost $41.83 Unrealized 0.0%

MAA MID-AMER APT CMNTYS INC 0.2%

Value ($000) $4,585 Shares 29,664 Est. Cost $127.45 Unrealized +17.4%

ESS ESSEX PPTY TR INC 0.2%

Value ($000) $4,233 Shares 14,831 Est. Cost $244.26 Unrealized +15.5%

— VALARIS LTD 0.2%

Value ($000) $3,539 Shares 80,000 Est. Cost — Unrealized —

VNO VORNADO RLTY TR 0.2%

Value ($000) $3,153 Shares 75,000 Est. Cost — Unrealized —

KSS KOHLS CORP 0.1%

Value ($000) $1,936 Shares 137,900 Est. Cost $17.23 Unrealized 0.0%

— BROOKDALE SR LIVING INC 0.1%

Value ($000) $1,847 Shares 2,000,000 Est. Cost $1.04 Unrealized —

VAL VALARIS LTD 0.0%

Value ($000) $473 Shares 10,696 Est. Cost $69.21 Unrealized -30.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	1,500,000	$879,120	46.9%	—	—	Put	78462F103
IWM	ISHARES TR	500,000	$110,480	5.9%	—	—	Put	464287655
RSP	INVESCO EXCHANGE TRADED FD T	616,000	$107,942	5.8%	—	—	Put	46137V357
MTUM	ISHARES TR	500,000	$103,460	5.5%	—	—	Put	46432F396
TLN	TALEN ENERGY CORP	462,056	$93,090	5.0%	$146.41	+33.2%	COM	87422Q109
TDS	TELEPHONE & DATA SYS INC	1,900,707	$64,833	3.5%	$30.42	0.0%	COM NEW	879433829
—	FRONTIER COMMUNICATIONS PARE	1,484,894	$51,526	2.7%	$35.34	—	COM	35909D109
GEO	GEO GROUP INC NEW	1,653,934	$46,277	2.5%	$14.10	+57.3%	COM	36162J106
OPTU	ALTICE USA INC	1,496,000	$45,598	2.4%	$2.00	+24.5%	Call	02156K103
EXEEL	EXPAND ENERGY CORPORATION	456,802	$38,993	2.1%	$50.19	—	*W EXP 02/09/202	165167180
CNNE	CANNAE HLDGS INC	1,784,713	$35,444	1.9%	$18.97	+1.8%	COM	13765N107
TQQQ	PROSHARES TR	425,000	$33,630	1.8%	—	—	Call	74347X831
GBTG	GLOBAL BUSINESS TRAVEL GROUP	2,969,258	$27,555	1.5%	$6.00	+42.2%	COM CL A	37890B100
CTRI	CENTURI HOLDINGS INC	1,264,224	$24,412	1.3%	$24.54	-20.9%	COM SHS	155923105
BKLN	INVESCO EXCH TRADED FD TR II	1,150,000	$24,231	1.3%	$21.16	—	SR LN ETF	46138G508
—	TRANSOCEAN INC	23,225,000	$24,193	1.3%	$1.00	—	DEB 4.000%12/1	893830BT5
—	ECHOSTAR CORP	21,854,204	$23,052	1.2%	$1.05	—	NOTE 3.875%11/3	278768AB2
BKD	BROOKDALE SR LIVING INC	3,333,196	$16,766	0.9%	$6.37	-10.2%	COM	112463104
—	SPHERE ENTERTAINMENT CO	10,500,000	$14,258	0.8%	$1.36	—	NOTE 3.500%12/0	55826TAB8
VISN	COMMSCOPE HLDG CO INC	2,063,860	$10,753	0.6%	$4.27	+31.0%	COM	20337X109
KSS	KOHLS CORP	686,100	$9,633	0.5%	$17.23	0.0%	Put	500255104
AVB	AVALONBAY CMNTYS INC	40,127	$8,827	0.5%	$184.95	+16.9%	COM	053484101
UDR	UDR INC	201,047	$8,727	0.5%	$36.61	+15.5%	COM	902653104
CPT	CAMDEN PPTY TR	75,065	$8,711	0.5%	$98.25	+16.5%	SH BEN INT	133131102
EQR	EQUITY RESIDENTIAL	118,981	$8,538	0.5%	$61.42	+13.7%	SH BEN INT	29476L107
MPT	MEDICAL PPTYS TRUST INC	2,000,000	$7,900	0.4%	—	—	Call	58463J304
SBGI	SINCLAIR INC	454,398	$7,334	0.4%	$16.31	+3.3%	CL A	829242106
NBIS	NEBIUS GROUP N.V.	220,000	$6,094	0.3%	$24.38	0.0%	SHS CLASS A	N97284108
OPTU	ALTICE USA INC	2,017,188	$4,861	0.3%	$2.00	+24.5%	CL A	02156K103
VAL/WS	VALARIS LTD	686,633	$4,738	0.3%	$5.48	—	*W EXP 04/29/202	G9460G119
SPHR	SPHERE ENTERTAINMENT CO	115,560	$4,659	0.2%	$41.83	0.0%	CL A	55826T102
MAA	MID-AMER APT CMNTYS INC	29,664	$4,585	0.2%	$127.45	+17.4%	COM	59522J103
ESS	ESSEX PPTY TR INC	14,831	$4,233	0.2%	$244.26	+15.5%	COM	297178105
—	VALARIS LTD	80,000	$3,539	0.2%	—	—	Call	G9460G901
VNO	VORNADO RLTY TR	75,000	$3,153	0.2%	—	—	Put	929042109
KSS	KOHLS CORP	137,900	$1,936	0.1%	$17.23	0.0%	COM	500255104
—	BROOKDALE SR LIVING INC	2,000,000	$1,847	0.1%	$1.04	—	NOTE 2.000%10/1	112463AC8
VAL	VALARIS LTD	10,696	$473	0.0%	$69.21	-30.4%	CL A	G9460G101