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CARRONADE CAPITAL MANAGEMENT, LP

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13F filer, CIK 1866872, DARIEN, CT

CARRONADE CAPITAL MANAGEMENT, LP reported $1,875,401,000 across 38 holdings for the quarter ended 2024-12-31, in a 13F-HR/A filed 2025-08-19. Its ten largest share positions make up 75.41% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR/A 0001866872-25-000012

Period
2024-12-31
Reported value
$1.88B
Holdings
38
Top 10 weight
75.41%
New
11
Sold out
5

Part of the filer group CARRONADE CAPITAL MANAGEMENT, LP

  • CARRONADE CAPITAL GP, LLC
  • CARRONADE CAPITAL MANAGEMENT GP, LLC
  • Carronade Capital Master, LP
  • GROPPER DAN
How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
TDSnew+1,900,707$64.8M
ECHOSTAR CORPnew+21,854,204$23.1M
CNNEadded+1,080,450$21.5M
SPHERE ENTERTAINMENT COnew+10,500,000$14.3M
TLNadded+62,056$12.5M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
DISH NETWORK CORPORATIONexited-15,490,000-$13.4M
ONYX ACQUISITION CO Iexited-814,082-$9.21M
GBTGreduced-614,062-$5.7M
VALreduced-46,804-$2.07M
GEOreduced-48,001-$1.34M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2024

Share positions as resolved from 13F-HR/A 0001866872-25-000012, largest first. % of portfolio is the value over $570,946,000, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
TLNTALEN ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 400,000 shares; 2024Q4: 462,056 shares 462,056$93.1M16.3%+62,056Timeline
TDSTELEPHONE & DATA SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,900,707 shares 1,900,707$64.8M11.36%newTimeline
FYBRFRONTIER COMMUNICATIONS PAREQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,151,721 shares; 2024Q4: 1,484,894 shares 1,484,894$51.5M9.02%+333,173Timeline
GEOGEO GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,701,935 shares; 2024Q4: 1,653,934 shares 1,653,934$46.3M8.11%-48,001Timeline
EXEELCHESAPEAKE ENERGY CORP -CW26Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 456,802 shares; 2024Q4: 456,802 shares 456,802$39M6.83%0Timeline
CNNECANNAE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 704,263 shares; 2024Q4: 1,784,713 shares 1,784,713$35.4M6.21%+1,080,4502026-10-01, 13D/A: 3,533,733 shares, 8.8% of the class, 13D/A filed 2026-10-05 Timeline
GBTGGLOBAL BUSINESS TRAVEL GROUPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,583,320 shares; 2024Q4: 2,969,258 shares 2,969,258$27.6M4.83%-614,062Timeline
CTRICENTURI HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,196,791 shares; 2024Q4: 1,264,224 shares 1,264,224$24.4M4.28%+67,433Timeline
BKLNINVESCO EXCH TRADED FD TR IIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,150,000 shares; 2024Q4: 1,150,000 shares 1,150,000$24.2M4.24%0Timeline
TRANSOCEAN INCTRANSOCEAN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 22,500,000 shares; 2024Q4: 23,225,000 shares 23,225,000$24.2M4.24%+725,000
ECHOSTAR CORPECHOSTAR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 21,854,204 shares 21,854,204$23.1M4.04%new
BKDBROOKDALE SR LIVING INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,529,834 shares; 2024Q4: 3,333,196 shares 3,333,196$16.8M2.94%+1,803,362Timeline
SPHERE ENTERTAINMENT COSPHERE ENTERTAINMENT COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 10,500,000 shares 10,500,000$14.3M2.5%new
VISNVISTANCE NETWORKS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,261,100 shares; 2024Q4: 2,063,860 shares 2,063,860$10.8M1.88%+802,760Timeline
AVBAVALONBAY CMNTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 36,972 shares; 2024Q4: 40,127 shares 40,127$8.83M1.55%+3,155Timeline
UDRUDR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 185,241 shares; 2024Q4: 201,047 shares 201,047$8.73M1.53%+15,806Timeline
CPTCAMDEN PPTY TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 69,162 shares; 2024Q4: 75,065 shares 75,065$8.71M1.53%+5,903Timeline
VMRKVIVMARK RESIDENTIALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 109,626 shares; 2024Q4: 118,981 shares 118,981$8.54M1.5%+9,355Timeline
SBGISINCLAIR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 85,000 shares; 2024Q4: 454,398 shares 454,398$7.33M1.28%+369,398Timeline
NBISNEBIUS GROUP N.V.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 220,000 shares 220,000$6.09M1.07%newTimeline
OPTUOPTIMUM COMMUNICATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,888,450 shares; 2024Q4: 2,017,188 shares 2,017,188$4.86M0.85%+128,738Timeline
VALWSVALARIS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 686,633 shares; 2024Q4: 686,633 shares 686,633$4.74M0.83%0Timeline
SPHRSPHERE ENTERTAINMENT COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 115,560 shares 115,560$4.66M0.82%newTimeline
MAAMID-AMER APT CMNTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 27,331 shares; 2024Q4: 29,664 shares 29,664$4.58M0.8%+2,333Timeline
ESSESSEX PPTY TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 13,665 shares; 2024Q4: 14,831 shares 14,831$4.23M0.74%+1,166Timeline
KSSKOHLS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 137,900 shares 137,900$1.94M0.34%newTimeline
BROOKDALE SR LIVING INCBROOKDALE SR LIVING INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,000,000 shares; 2024Q4: 2,000,000 shares 2,000,000$1.85M0.32%0
VALVALARIS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 57,500 shares; 2024Q4: 10,696 shares 10,696$473K0.08%-46,804Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
SPYSTATE STR SPDR S&P 500 ETF T SHSput1,500,000$879M+800,000
IWMISHARES TR SHSput500,000$110M-1,250,000
RSPINVESCO EXCHANGE TRADED FD T COMput616,000$108Mnew
MTUMISHARES TR SHSput500,000$103Mnew
OPTUOPTIMUM COMMUNICATIONS INC CL Acall1,496,000$45.6M+96,000
TQQQPROSHARES TR ULTRAPRO QQQcall425,000$33.6Mnew
KSSKOHLS CORP COMput686,100$9.63M+46,100
MPTMEDICAL PROPERTIES TRUST INC REITcall2,000,000$7.9M-2,000,000
VALARIS LTDVALARIS LTD CL Acall80,000$3.54Mnew
VNOVORNADO RLTY TR SH BEN INTput75,000$3.15Mnew

Sold out in Q4 2024

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
SPYSTATE STR SPDR S&P 500 ETF T500,000$287Mcall
FYBRFRONTIER COMMUNICATIONS PARE700,000$24.9Mput
DISH NETWORK CORPORATIONDISH NETWORK CORPORATION15,490,000$13.4Mshares
ONYX ACQUISITION CO IONYX ACQUISITION CO I814,082$9.21Mshares
FYBRFRONTIER COMMUNICATIONS PARE149,900$5.33Mcall

How Q4 2024 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001866872-25-000003 superseded2025-02-14acceptance time not in the bulk data set
13F-HR/A 0001866872-25-000012 baserestatement2025-08-19acceptance time not in the bulk data set