CARRONADE CAPITAL MANAGEMENT, LP Hedge Fund

Location: Darien, CT

CIK: 0001866872 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 14, 2025

Total Value: $4.328B (100.0% shares, 0.0% debt)

Holdings (33)

SPY SPDR S&P 500 ETF TR 72.3%

Value $3.131B Shares 4,700,000 Est. Cost — Unrealized —

TLN TALEN ENERGY CORP 5.5%

Value $239M Shares 560,743 Est. Cost $234.65 Unrealized +54.0%

TDS TELEPHONE & DATA SYS INC 3.3%

Value $144M Shares 3,680,500 Est. Cost $34.09 Unrealized +12.9%

VSAT VIASAT INC 1.8%

Value $78.67M Shares 2,685,000 Est. Cost $23.92 Unrealized 0.0%

VSAT VIASAT INC 1.7%

Value $75.38M Shares 2,572,692 Est. Cost $23.92 Unrealized 0.0%

CTRI CENTURI HOLDINGS INC 1.5%

Value $64.63M Shares 3,052,817 Est. Cost $20.63 Unrealized +2.9%

BKD BROOKDALE SR LIVING INC 1.4%

Value $60.37M Shares 7,127,737 Est. Cost $6.53 Unrealized +16.8%

— ECHOSTAR CORP 1.3%

Value $58.41M Shares 23,728,496 Est. Cost $1.12 Unrealized —

CNNE CANNAE HLDGS INC 1.3%

Value $58.39M Shares 3,189,027 Est. Cost $18.67 Unrealized +4.2%

SATS ECHOSTAR CORP 1.1%

Value $47.73M Shares 625,000 Est. Cost $45.28 Unrealized 0.0%

EXEEL EXPAND ENERGY CORPORATION 1.0%

Value $43.85M Shares 456,802 Est. Cost $105.24 Unrealized —

— SPHERE ENTERTAINMENT CO 0.9%

Value $38.18M Shares 20,200,000 Est. Cost $1.40 Unrealized —

GEO GEO GROUP INC NEW 0.8%

Value $35.86M Shares 1,750,000 Est. Cost $22.44 Unrealized +1.8%

— TRANSOCEAN INC 0.5%

Value $23.66M Shares 23,625,000 Est. Cost $1.00 Unrealized —

SATS ECHOSTAR CORP 0.5%

Value $22.91M Shares 300,000 Est. Cost $45.28 Unrealized 0.0%

VISN COMMSCOPE HLDG CO INC 0.5%

Value $20.37M Shares 1,316,023 Est. Cost $4.53 Unrealized +186.9%

DHC DIVERSIFIED HEALTHCARE TR 0.5%

Value $20.12M Shares 4,561,748 Est. Cost $5.22 Unrealized —

JEF JEFFERIES FINL GROUP INC 0.5%

Value $19.63M Shares 300,000 Est. Cost — Unrealized —

JEF JEFFERIES FINL GROUP INC 0.4%

Value $16.36M Shares 250,000 Est. Cost — Unrealized —

GEO GEO GROUP INC NEW 0.4%

Value $15.37M Shares 750,000 Est. Cost $22.44 Unrealized +1.8%

OPTU ALTICE USA INC 0.3%

Value $13.9M Shares 5,768,682 Est. Cost $2.45 Unrealized +0.0%

GBTG GLOBAL BUSINESS TRAVEL GROUP 0.3%

Value $13.78M Shares 1,705,039 Est. Cost $6.15 Unrealized +20.4%

WW WW INTL INC 0.3%

Value $12.22M Shares 446,615 Est. Cost $34.35 Unrealized 0.0%

KSS KOHLS CORP 0.3%

Value $11.53M Shares 750,000 Est. Cost — Unrealized —

CPT CAMDEN PPTY TR 0.2%

Value $10.24M Shares 95,936 Est. Cost $112.96 Unrealized -4.6%

EQR EQUITY RESIDENTIAL 0.2%

Value $9.874M Shares 152,549 Est. Cost $62.75 Unrealized +2.0%

AVB AVALONBAY CMNTYS INC 0.2%

Value $9.861M Shares 51,047 Est. Cost $189.62 Unrealized +0.8%

UDR UDR INC 0.2%

Value $9.617M Shares 258,116 Est. Cost $39.15 Unrealized -1.6%

CZR CAESARS ENTERTAINMENT INC NE 0.2%

Value $6.707M Shares 248,173 Est. Cost $32.53 Unrealized -16.7%

MAA MID-AMER APT CMNTYS INC 0.1%

Value $6.034M Shares 43,184 Est. Cost $153.17 Unrealized -6.9%

ESS ESSEX PPTY TR INC 0.1%

Value $5.874M Shares 21,947 Est. Cost $281.34 Unrealized -5.8%

— BROOKDALE SR LIVING INC 0.1%

Value $2.272M Shares 2,000,000 Est. Cost $1.04 Unrealized —

VAL/WS VALARIS LTD 0.0%

Value $1.924M Shares 687,260 Est. Cost $1.14 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	4,700,000	$3.131B	72.3%	—	—	Put	78462F103
TLN	TALEN ENERGY CORP	560,743	$239M	5.5%	$234.65	+54.0%	COM	87422Q109
TDS	TELEPHONE & DATA SYS INC	3,680,500	$144M	3.3%	$34.09	+12.9%	COM NEW	879433829
VSAT	VIASAT INC	2,685,000	$78.67M	1.8%	$23.92	0.0%	Call	92552V100
VSAT	VIASAT INC	2,572,692	$75.38M	1.7%	$23.92	0.0%	COM	92552V100
CTRI	CENTURI HOLDINGS INC	3,052,817	$64.63M	1.5%	$20.63	+2.9%	COM SHS	155923105
BKD	BROOKDALE SR LIVING INC	7,127,737	$60.37M	1.4%	$6.53	+16.8%	COM	112463104
—	ECHOSTAR CORP	23,728,496	$58.41M	1.3%	$1.12	—	NOTE 3.875%11/3	278768AB2
CNNE	CANNAE HLDGS INC	3,189,027	$58.39M	1.3%	$18.67	+4.2%	COM	13765N107
SATS	ECHOSTAR CORP	625,000	$47.73M	1.1%	$45.28	0.0%	CL A	278768106
EXEEL	EXPAND ENERGY CORPORATION	456,802	$43.85M	1.0%	$105.24	—	*W EXP 02/09/202	165167180
—	SPHERE ENTERTAINMENT CO	20,200,000	$38.18M	0.9%	$1.40	—	NOTE 3.500%12/0	55826TAB8
GEO	GEO GROUP INC NEW	1,750,000	$35.86M	0.8%	$22.44	+1.8%	Call	36162J106
—	TRANSOCEAN INC	23,625,000	$23.66M	0.5%	$1.00	—	DEB 4.000%12/1	893830BT5
SATS	ECHOSTAR CORP	300,000	$22.91M	0.5%	$45.28	0.0%	Call	278768106
VISN	COMMSCOPE HLDG CO INC	1,316,023	$20.37M	0.5%	$4.53	+186.9%	COM	20337X109
DHC	DIVERSIFIED HEALTHCARE TR	4,561,748	$20.12M	0.5%	$5.22	—	COM SH BEN INT	25525P107
JEF	JEFFERIES FINL GROUP INC	300,000	$19.63M	0.5%	—	—	Call	47233W109
JEF	JEFFERIES FINL GROUP INC	250,000	$16.36M	0.4%	—	—	Put	47233W109
GEO	GEO GROUP INC NEW	750,000	$15.37M	0.4%	$22.44	+1.8%	COM	36162J106
OPTU	ALTICE USA INC	5,768,682	$13.9M	0.3%	$2.45	+0.0%	CL A	02156K103
GBTG	GLOBAL BUSINESS TRAVEL GROUP	1,705,039	$13.78M	0.3%	$6.15	+20.4%	COM CL A	37890B100
WW	WW INTL INC	446,615	$12.22M	0.3%	$34.35	0.0%	COM NEW	98262P200
KSS	KOHLS CORP	750,000	$11.53M	0.3%	—	—	Put	500255104
CPT	CAMDEN PPTY TR	95,936	$10.24M	0.2%	$112.96	-4.6%	SH BEN INT	133131102
EQR	EQUITY RESIDENTIAL	152,549	$9.874M	0.2%	$62.75	+2.0%	SH BEN INT	29476L107
AVB	AVALONBAY CMNTYS INC	51,047	$9.861M	0.2%	$189.62	+0.8%	COM	053484101
UDR	UDR INC	258,116	$9.617M	0.2%	$39.15	-1.6%	COM	902653104
CZR	CAESARS ENTERTAINMENT INC NE	248,173	$6.707M	0.2%	$32.53	-16.7%	COM	12769G100
MAA	MID-AMER APT CMNTYS INC	43,184	$6.034M	0.1%	$153.17	-6.9%	COM	59522J103
ESS	ESSEX PPTY TR INC	21,947	$5.874M	0.1%	$281.34	-5.8%	COM	297178105
—	BROOKDALE SR LIVING INC	2,000,000	$2.272M	0.1%	$1.04	—	NOTE 2.000%10/1	112463AC8
VAL/WS	VALARIS LTD	687,260	$1.924M	0.0%	$1.14	—	*W EXP 04/29/202	G9460G119