Candlestick Capital Management LP

Hedge Fund • Long/Short

Candlestick Capital Management LP is a Long/Short Hedge Fund based in Greenwich, CT led by Vicente Armando Citarella, reporting $5.2B in AUM as of Q3 2025 with 41% Consumer Cyclical concentration.

PresidentVicente Armando Citarella

Portfolio Value: $2.6B
Positions: 39
Top Holding: UAL at 8.39%
Last Reported: Q3 2025

Address1 Lafayette Place, 2nd Floor, Greenwich, CT, 06830, United States

Top Holdings

Largest long holdings in Candlestick Capital Management LP's portfolio (47.6% of total portfolio)

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GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 United Airlines Holdings UAL	Airlines, Airports & Air Services Industrials	$216.1M	8.39%	+$60.3M Bought	0.69% 2.2M shares	Q1 2024 Held for 1y 8m
2 Tapestry, Inc. TPR	Luxury Goods Consumer Cyclical	$147.8M	5.74%	+$49.4M Bought	0.63% 1.3M shares	Q4 2024 Held for 11 months
3 Delta Air Lines DAL	Airlines, Airports & Air Services Industrials	$128.5M	4.99%	+$22.0M Bought	0.35% 2.3M shares	Q2 2022 Held for 3y 5m
4 Amer Sports AS	Leisure Consumer Cyclical	$124.0M	4.81%	+$24.4M Bought	0.64% 3.6M shares	Q1 2024 Held for 1y 8m
5 Cinemark Holdings CNK	Entertainment Communication Services	$121.4M	4.71%	-$19.6M Sold	3.77% 4.3M shares	Q1 2024 Held for 1y 8m
6 Spotify Technology SPOT	Internet Content & Information Communication Services	$114.9M	4.46%	+$114.9M Bought	0.08% 164.6K shares	Q3 2025 Held for 2 months
7 Yum! Brands YUM	Restaurants Consumer Cyclical	$100.5M	3.90%	+$18.2M Bought	0.24% 660.9K shares	Q2 2025 Held for 5 months
8 Apple AAPL	Consumer Electronics Technology	$94.7M	3.67%	+$94.7M Bought	0.00% 371.7K shares	Q2 2025 Held for 5 months
9 Hyatt Hotels H	Travel Lodging Consumer Cyclical	$89.6M	3.48%	+$31.4M Bought	0.66% 631.3K shares	Q2 2025 Held for 5 months
10 Carnival Corporation CCL	Leisure Consumer Cyclical	$89.5M	3.48%	-$46.2K Sold	0.24% 3.1M shares	Q2 2025 Held for 5 months

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GthenH

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Candlestick Capital Management LP's latest filing

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Market Value

$2.6B

Prior: $3.0B

Q/Q Change

-14.68%

-$443.1M

Net Flows % of MV

-50.7%

Turnover Ratio

62.83%

New Purchases

4 stocks

$194.1M

Added To

11 stocks

+$387.3M

Sold Out Of

32 stocks

$1.7B

Reduced Holdings

8 stocks

-$219.3M

Increased Positions

Position	Shares Δ	Change
1 MongoDB MDB	New	0 → 255.5K +$79.3M
2 Church & Dwight CHD	New	0 → 861.7K +$75.5M
3 Newell Brands NWL	New	0 → 6.1M +$31.8M
4 Wix.com WIX	New	0 → 42.5K +$7.6M
5 Performance Food Group PFGC	+613.38%	82.2K → 586.6K +$52.5M

Decreased Positions

Position	Shares Δ	Change
1 Amazon AMZN	Sold	723.0K → 0 −$158.6M
2 Snowflake SNOW	Sold	452.6K → 0 −$101.3M
3 Walgreens Boots Alliance WBA	Sold	8.4M → 0 −$96.4M
4 Netflix NFLX	Sold	70.9K → 0 −$95.0M
5 Keurig Dr Pepper KDP	Sold	2.7M → 0 −$89.5M