Carlson Capital, L.P.
Sector Allocation
- Financials51.6%$250.5M
- Energy17.4%$84.4M
- Consumer Staples12.2%$59.3M
- Consumer Discretionary5.9%$28.7M
- Industrials4.9%$23.8M
- Technology3.8%$18.3M
- Real Estate2.0%$10.0M
- Healthcare1.0%$5.0M
- Communication Services0.8%$4.0M
- Utilities0.2%$851,700
AUM History
13fpro.ai/research/fund/carlson-capital-l-p-1056973
Conviction and streaks
Diversifying · top 10 = 45.6%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
HBAN
$36.4MWFC
$27.3MPNFP
$26.2MCOF
$24.6MJPM
$22.4MPG
$21.3MBAC
$18.0MTFC
$16.4MMCD
$15.1MDVN
$13.7MFHN
$13.2MEXE
$12.6MPM
$12.6MHAL
$12.6MONB
$12.0MSSB
$12.0MMA
$11.6MCOLB
$11.1MAR
$10.9MCVX
$9.7M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/carlson-capital-l-p-1056973
Carlson Capital, L.P. 13F holdings — Q2 2026
$494.4M portfolio (+55.5% QoQ) · 74 holdings · Q2 2026 13F · top 10 are 46% of the stock portfolio
Includes $9.2M of put/call options ($6.6M puts, $2.6M calls), which 13F rules report at the value of the underlying shares, not the premium at risk. Stocks alone: $485.2M. Weights use the stock portfolio.
$36.4M
7.5% of stocks
+622%This quarter-11.9%Since filed4 qtrsHeld$27.3M
5.6% of stocks
+626%This quarter-7.1%Since filed2 qtrsHeld$26.2M
5.4% of stocks
+332%This quarter-6.1%Since filed2 qtrsHeldAIQuality54.3#1,334Est. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row$24.6M
5.1% of stocks
NewThis quarter-9.0%Since filedNew this quarterHeld$22.4M
4.6% of stocks
+948%This quarter-8.5%Since filed4 qtrsHeld$21.3M
4.4% of stocks
+1069%This quarter+11.0%Since filed2 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row$18.0M
3.7% of stocks
+556%This quarter-22.1%Since filed4 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row$16.4M
3.4% of stocks
+640%This quarter-7.1%Since filed2 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row$15.1M
3.1% of stocks
NewThis quarter-9.0%Since filedNew this quarterHeld$13.7M
2.8% of stocks
NewThis quarter+15.1%Since filedNew this quarterHeld
All holdings — Carlson Capital, L.P. (Q2 2026)
74 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | FIRST HORIZON CORP | Financials | $13.2M | 2.7% | 517K | +795% | 3 qtrsAdded 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | EXPAND ENERGY Corp | Energy | $12.6M | 2.6% | 138K | +482% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | Philip Morris International Inc. | Consumer Staples | $12.6M | 2.6% | 70K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | HALLIBURTON CO | Energy | $12.6M | 2.6% | 370K | +737% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | OLD NATIONAL BANCORP /IN/ | Financials | $12.0M | 2.5% | 464K | +492% | 5 qtrsAdded 5 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | SouthState Bank Corp | Financials | $12.0M | 2.5% | 120K | +563% | 4 qtrsAdded 4 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | Mastercard Inc | Financials | $11.6M | 2.4% | 23K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | COLUMBIA BANKING SYSTEM, INC. | Financials | $11.1M | 2.3% | 348K | +423% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | ANTERO RESOURCES Corp | Energy | $10.9M | 2.3% | 311K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | CHEVRON CORP | Energy | $9.7M | 2.0% | 59K | +362% | 4 qtrsAdded 4 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | CBRE GROUP, INC. | Real Estate | $9.6M | 2.0% | 71K | +499% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | Matador Resources Co | Energy | $9.5M | 1.9% | 190K | +463% | 3 qtrsAdded 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | Phillips 66 | Energy | $9.4M | 1.9% | 55K | +371% | 5 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | UNITED PARCEL SERVICE INC | Industrials | $8.5M | 1.8% | 79K | +284% | 4 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | CLOROX CO /DE/ | Consumer Staples | $8.3M | 1.7% | 87K | +381% | 3 qtrsAdded 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $NSC | NORFOLK SOUTHERN CORP | Industrials | $7.5M | 1.6% | 24K | +175% | |||
| 27 | $WMT | Walmart Inc. | Consumer Staples | $6.7M | 1.4% | 59K | New | |||
| 28 | $META | Meta Platforms, Inc. | Technology | $6.7M | 1.4% | 12K | New | |||
| 29 | $FISV | FISERV INC | Financials | $6.6M | 1.4% | 135K | New | |||
| 30 | $SNPS | SYNOPSYS INC | Technology | $6.3M | 1.3% | 14K | New | |||
| 31 | $AZO | AUTOZONE INC | Consumer Discretionary | $6.2M | 1.3% | 1,950 | +225% | |||
| 32 | $CRC | California Resources Corp | Energy | $6.0M | 1.2% | 113K | New | |||
| 33 | $MDLZ | Mondelez International, Inc. | Consumer Staples | $5.8M | 1.2% | 101K | +266% | |||
| 34 | $BURL | Burlington Stores, Inc. | Consumer Discretionary | $5.4M | 1.1% | 17K | New | |||
| 35 | $ICE | Intercontinental Exchange, Inc. | Financials | $4.5M | 0.9% | 37K | +183% | |||
| 36 | $ACI | Albertsons Companies, Inc. | Consumer Staples | $4.1M | 0.8% | 305K | +156% | |||
| 37 | $SAIA | SAIA INC | Industrials | $3.3M | 0.7% | 7,772 | New | |||
| 38 | $WBD | Warner Bros. Discovery, Inc. | Communication Services | $3.0M | 0.6% | 112K | +17% | |||
| 39 | $WBS | WEBSTER FINANCIAL CORP | Financials | $2.7M | 0.6% | 35K | -11% | |||
| 40 | $NVDA | NVIDIA CORP | Technology | $2.6M | 0.5% | 13K | New | |||
| 41 | — CALL | ISHARES TR - 20 YR TR BD ETF | — | $2.6M | — | 30K | New | |||
| 42 | $EA | ELECTRONIC ARTS INC. | Technology | $2.6M | 0.5% | 13K | -7% | |||
| 43 | $JHG | Janus Henderson Group Ltd. | Financials | $2.0M | 0.4% | 38K | +65% | |||
| 44 | $APGE | Apogee Therapeutics, Inc. | Healthcare | $1.9M | 0.4% | 14K | New | |||
| 45 | — PUT | ISHARES TR - 20 YR TR BD ETF | — | $1.7M | — | 20K | New | |||
| 46 | $TSLA PUT | Tesla, Inc. | Consumer Discretionary | $1.7M | — | 4,000 | -20% | |||
| 47 | $CVNA PUT | CARVANA CO. | Consumer Discretionary | $1.6M | — | 25K | New | |||
| 48 | $IMXI | International Money Express, Inc. | Industrials | $1.6M | 0.3% | 111K | +71% | |||
| 49 | $BHF | Brighthouse Financial, Inc. | Financials | $1.6M | 0.3% | 25K | +14% | |||
| 50 | $TMHC | Taylor Morrison Home Corp | Industrials | $1.4M | 0.3% | 19K | New | |||
| 51 | $NUVL | Nuvalent, Inc. | Healthcare | $1.3M | 0.3% | 11K | New | |||
| 52 | $PEN | Penumbra Inc | Healthcare | $979K | 0.2% | 3,100 | +19% | |||
| 53 | $WLFC | WILLIS LEASE FINANCE CORP | Consumer Discretionary | $938K | 0.2% | 4,100 | +32% | |||
| 54 | $SGI | SOMNIGROUP INTERNATIONAL INC. | Consumer Discretionary | $913K | 0.2% | 12K | New | |||
| 55 | $KBR | KBR, INC. | Industrials | $898K | 0.2% | 26K | +65% | |||
| 56 | $TXNM | TXNM ENERGY INC | Utilities | $852K | 0.2% | 15K | New | |||
| 57 | $BRSL | Brightstar Lottery PLC | Communication Services | $800K | 0.2% | 75K | New | |||
| 58 | — PUT | ISHARES TR - IBOXX HI YD ETF | — | $800K | — | 10K | -99% | |||
| 59 | $CYTK | CYTOKINETICS INC | Healthcare | $767K | 0.2% | 9,000 | — | |||
| 60 | $NCLH | Norwegian Cruise Line Holdings Ltd. | Industrials | $633K | 0.1% | 30K | New | |||
| 61 | $RKT | Rocket Companies, Inc. | Financials | $504K | 0.1% | 32K | -15% | |||
| 62 | $BRBR | BELLRING BRANDS, INC. | Consumer Staples | $461K | 0.1% | 36K | -13% | |||
| 63 | $AAUC | Allied Gold Corp | Materials | $427K | 0.1% | 18K | -10% | |||
| 64 | $QS PUT | QuantumScape Corp | Technology | $378K | — | 50K | -29% | |||
| 65 | $ELME | Elme Communities | Real Estate | $370K | 0.1% | 250K | New | |||
| 66 | $AJG | Arthur J. Gallagher & Co. | Financials | $344K | 0.1% | 1,500 | -6% | |||
| 67 | $SPCX PUT | SPACE EXPLORATION TECHNOLOGIES CORP | Technology | $342K | — | 2,000 | New | |||
| 68 | $MRSH | MARSH & MCLENNAN COMPANIES, INC. | Financials | $317K | 0.1% | 1,900 | — | |||
| 69 | $WTW | WILLIS TOWERS WATSON PLC | Financials | $314K | 0.1% | 1,200 | +9% | |||
| 70 | $AON | Aon plc | Financials | $299K | 0.1% | 900 | -18% | |||
| 71 | $ECHO | EchoStar CORP | Communication Services | $254K | 0.1% | 2,500 | New | |||
| 72 | $LNSR | LENSAR, Inc. | Healthcare | $114K | 0.0% | 20K | New | |||
| 73 | $ANNA | AleAnna, Inc. | Energy | $87K | 0.0% | 30K | New | |||
| 74 | $VGAS | Verde Clean Fuels, Inc. | Materials | $20K | 0.0% | 20K | New |
What changed in Q2 2026
Against the previous quarter's 13F: 30 new, 32 added to, 10 trimmed, 28 sold out. Share-count changes; largest moves by dollar size first.
New positions (30)
$COFCAPITAL ONE FINANCIAL CORP$24.6M
first bought this quarter
$MCDMCDONALDS CORP$15.1M
first bought this quarter
$DVNDEVON ENERGY CORP/DE$13.7M
first bought this quarter
$PMPhilip Morris International Inc.$12.6M
first bought this quarter
$MAMastercard Inc$11.6M
first bought this quarter
$ARANTERO RESOURCES Corp$10.9M
first bought this quarter
+24 more in the Excel export
Added to (32)
$HBANHUNTINGTON BANCSHARES INC /MD/+622%
now $36.4M · held 4 qtrs, 4 adds in a row
$WFCWELLS FARGO & COMPANY/MN+626%
now $27.3M · held 2 qtrs, 2 adds in a row
$JPMJPMORGAN CHASE & CO+948%
now $22.4M · held 4 qtrs, 4 adds in a row
$PNFPPinnacle Financial Partners, Inc.+332%
now $26.2M · held 2 qtrs, 2 adds in a row
$PGPROCTER & GAMBLE Co+1069%
now $21.3M · held 2 qtrs, 2 adds in a row
$BACBANK OF AMERICA CORP /DE/+556%
now $18.0M · held 4 qtrs, 2 adds in a row
+26 more in the Excel export
Trimmed (10)
- PUTISHARES TR - IBOXX HI YD ETF-99%
now $800K
$TSLAPUTTesla, Inc.-20%
now $1.7M
$WBSWEBSTER FINANCIAL CORP-11%
now $2.7M · held 2 qtrs
$EAELECTRONIC ARTS INC.-7%
now $2.6M · held 4 qtrs
$QSPUTQuantumScape Corp-29%
now $378K
$RKTRocket Companies, Inc.-15%
now $504K · held 2 qtrs
+4 more in the Excel export
Sold out (28)
$SWKHLSWK Holdings Corpwas $144.5M
held 9+ qtrs
$CFRCULLEN/FROST BANKERS, INC.was $4.0M
held 3 qtrs
$SDASunCar Technology Group Inc.was $3.2M
held 2 qtrs
$HDHOME DEPOT, INC.was $3.1M
held 2 qtrs
$SOFIPUTSoFi Technologies, Inc.was $3.0M
$SLBSLB LIMITED/NVwas $2.2M
held 1 qtr
+22 more in the Excel export
Holdings by quarter
Every 13F Carlson Capital, L.P. has filed, 40 earlier quarters. Pick one to see what it held then.
Is it too late to follow Carlson Capital, L.P.?
Q2 2026 13F filed with the SEC on Aug 12, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Carlson Capital, L.P.'s top 20 holdings: 68/100 (our AI quality score, weighted by position size; 20 of the 20 are scored)
Top 10 since filing
-6.4%
Value-weighted move of the 10 largest stock positions
Turnover
49%
Last quarter; 95% over the last 4
Top 10 weight
46%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
30%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Carlson Capital, L.P. disclosed 74 positions worth $494.4M in its Form 13F-HR for Q2 2026 — $485.2M in common stock plus $9.2M of put/call option positions (reported at underlying notional value, not premium at risk), led by $HBAN (HUNTINGTON BANCSHARES INC /MD/) at 7.5% of the equity portfolio, followed by $WFC and $PNFP. During the quarter the fund opened 30 new positions and exited 28 — including a new stake in $COF and a full exit from $SWKHL. The portfolio is most concentrated in Financials (51.6% of disclosed assets). All figures are sourced directly from Carlson Capital, L.P.’s Form 13F-HR filing with the SEC under CIK 1056973.
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