CARRONADE CAPITAL MANAGEMENT, LP logo

CARRONADE CAPITAL MANAGEMENT, LP

Hedge Fund • Distressed

CARRONADE CAPITAL MANAGEMENT, LP is a Distressed Hedge Fund based in New York, NY led by Daniel Gropper, reporting $3.0B in AUM as of Q3 2025 with 90% concentrated in top 10 holdings and 29% allocation to TLN.

Managing PartnerDaniel Gropper
Portfolio Value
$823.3M
Positions
19
Top Holding
TLN at 28.97%
Last Reported
Q3 2025
Address375 Park Avenue, New York, NY, 10152, United States

Top Holdings

Largest long holdings in CARRONADE CAPITAL MANAGEMENT, LP's portfolio (89.8% of total portfolio)

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HoldingSectorPositionWeightTradedOwnership
1
Talen Energy Corporation logo
Talen Energy Corporation
TLN
Unknown
Unknown
$238.5M
28.97%
+$7.7M
Bought
1.23%
560.7K shares
2
Telephone and Data Systems logo
Telephone and Data Systems
TDS
Telecommunications Services
Communication Services
$144.4M
17.54%
+$11.3M
Bought
3.20%
3.7M shares
3
Viasat logo
Viasat
VSAT
Communication Equipment
Technology
$75.4M
9.16%
+$75.4M
Bought
1.92%
2.6M shares
4
Centuri Holdings logo
Centuri Holdings
CTRI
Regulated Gas
Utilities
$64.6M
7.85%
+$36.0M
Bought
3.44%
3.1M shares
5
Brookdale Senior Living logo
Brookdale Senior Living
BKD
Medical - Care Facilities
Healthcare
$60.4M
7.33%
+$1.9M
Bought
3.00%
7.1M shares
6
Cannae Holdings, Inc. logo
Cannae Holdings, Inc.
CNNE
Restaurants
Consumer Cyclical
$58.4M
7.09%
—
5.46%
3.2M shares
7
EchoStar logo
EchoStar
SATS
Communication Equipment
Technology
$47.7M
5.80%
+$47.7M
Bought
0.22%
625.0K shares
8
CommScope Holding Company logo
CommScope Holding Company
COMM
Communication Equipment
Technology
$20.4M
2.47%
-$2.5M
Sold
0.59%
1.3M shares
9
The GEO Group logo
The GEO Group
GEO
Security & Protection Services
Industrials
$15.4M
1.87%
-$30.4M
Sold
0.53%
750.0K shares
10
Altice USA, Inc. logo
Altice USA, Inc.
ATUS
Telecommunications Services
Communication Services
$13.9M
1.69%
+$4.1M
Bought
1.23%
5.8M shares
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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in CARRONADE CAPITAL MANAGEMENT, LP's latest filing

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Market Value
$823.3M
Prior: $582.4M
Q/Q Change
+41.35%
+$240.9M
Net Flows % of MV
+3.22%
Turnover Ratio
14.76%
New Purchases
1 stocks
$12.2M
Added To
5 stocks
+$61.0M
Sold Out Of
1 stocks
$6.5M
Reduced Holdings
3 stocks
-$40.2M

Increased Positions

PositionShares Δ
1
WW International, Inc. logo
WW International, Inc.
WW
New
2
Centuri Holdings logo
Centuri Holdings
CTRI
+125.56%
3
Altice USA, Inc. logo
Altice USA, Inc.
ATUS
+42.31%
4
Telephone and Data Systems logo
Telephone and Data Systems
TDS
+8.49%
5
Talen Energy Corporation logo
Talen Energy Corporation
TLN
+3.32%

Decreased Positions

PositionShares Δ
1
Sinclair, Inc. logo
Sinclair, Inc.
SBGI
Sold
2
The GEO Group logo
The GEO Group
GEO
-66.41%
3
Global Business Travel Group logo
Global Business Travel Group
GBTG
-34.72%
4
CommScope Holding Company logo
CommScope Holding Company
COMM
-11.07%
See all changes

Analytics

Portfolio insights and performance metrics for CARRONADE CAPITAL MANAGEMENT, LP

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Sector Allocation

Communication Services: 19.20%Communication ServicesTechnology: 19.10%TechnologyConsumer Cyclical: 9.40%Consumer CyclicalUtilities: 7.80%Healthcare: 7.30%Real Estate: 6.30%Industrials: 1.90%
Communication Services
19.20%
Technology
19.10%
Consumer Cyclical
9.40%
Utilities
7.80%
Healthcare
7.30%
Real Estate
6.30%
Industrials
1.90%

Market Cap Distribution

Large Cap ($10B - $200B): 41.03%Large Cap ($10B - $200B)Mid Cap ($2B - $10B): 40.05%Mid Cap ($2B - $10B)Small Cap ($300M - $2B): 16.63%Small Cap ($300M - $2B)Micro Cap ($50M - $300M): 1.48%Nano Cap (< $50M): 0.81%
Large Cap ($10B - $200B)
41.03%
Mid Cap ($2B - $10B)
40.05%
Small Cap ($300M - $2B)
16.63%
Micro Cap ($50M - $300M)
1.48%
Nano Cap (< $50M)
0.81%

Portfolio Concentration

Top 10 Holdings %
89.77%
Top 20 Holdings %
100.0%
Top 50 Holdings %
100.0%
Top 100 Holdings %
100.0%
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