CARRONADE CAPITAL MANAGEMENT, LP

Portfolio Overview

CARRONADE CAPITAL MANAGEMENT, LP disclosed 32 positions worth $7.7B in its Form 13F-HR for Q1 2026 — $1.4B in common stock plus $6.3B of put/call option positions (reported at underlying notional value, not premium at risk), led by $SPY (SPDR S&P 500 ETF TRUST) puts, followed by $TLN and $CCZ. During the quarter the fund opened 4 new positions and exited 4 — including a new stake in $ACHC. The portfolio is most concentrated in Communication Services (42.7% of disclosed assets). All figures are sourced directly from CARRONADE CAPITAL MANAGEMENT, LP’s Form 13F-HR filing with the SEC under CIK 1866872.

• 

  SPDR S&P 500 ETF TRUST

  $SPY PUT

  —

  Quality

  $5.9B9,075,000 sh
• 

  Talen Energy Corp

  $TLN

  66.5#516

  Quality

  $205.7M644,484 sh
• 

  COMCAST CORP

  $CCZ CALL

  70.4#308

  Quality

  $200.5M6,985,200 sh
• 

  TELEPHONE & DATA SYSTEMS INC /DE/

  $TDS

  42.2

  Quality

  $194.7M4,623,934 sh
• 

  VIASAT INC

  $VSAT

  53.3

  Quality

  $147.9M3,229,296 sh
• 

  Vistance Networks, Inc.

  $VISN

  43.9

  Quality

  $139.2M7,646,722 sh
• 

  Centuri Holdings, Inc.

  $CTRI

  42.7

  Quality

  $133.3M4,563,312 sh
• 

  Brookdale Senior Living Inc.

  $BKD

  43.1

  Quality

  $117.5M8,586,874 sh
• 

  VIASAT INC

  $VSAT CALL

  53.3

  Quality

  $93.4M2,039,100 sh
• 

  EchoStar CORP

  $ECHO

  29.5

  Quality

  $91.9M25,538,496 sh

Company	Quality	Value	Shares
SPDR S&P 500 ETF TRUST$SPYPUT	—	$5.9B	9,075,000
Talen Energy Corp$TLN	66.5#516	$205.7M	644,484
COMCAST CORP$CCZCALL	70.4#308	$200.5M	6,985,200
TELEPHONE & DATA SYSTEMS INC /DE/$TDS	42.2	$194.7M	4,623,934
VIASAT INC$VSAT	53.3	$147.9M	3,229,296
Vistance Networks, Inc.$VISN	43.9	$139.2M	7,646,722
Centuri Holdings, Inc.$CTRI	42.7	$133.3M	4,563,312
Brookdale Senior Living Inc.$BKD	43.1	$117.5M	8,586,874
VIASAT INC$VSATCALL	53.3	$93.4M	2,039,100
EchoStar CORP$ECHO	29.5	$91.9M	25,538,496

Showing top 10 of 32 holdings.

Full Holdings — CARRONADE CAPITAL MANAGEMENT, LP (Q1 2026)

All 32 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	$SPYPUT	SPDR S&P 500 ETF TRUST	$5.9B	—	+27%	—
2	$TLN	Talen Energy Corp	$205.7M	14.9%	+12%	66.5
3	$CCZCALL	COMCAST CORP	$200.5M	—	+16%	70.4
4	$TDS	TELEPHONE & DATA SYSTEMS INC /DE/	$194.7M	14.1%	+10%	42.2
5	$VSAT	VIASAT INC	$147.9M	10.7%	+9%	53.3
6	$VISN	Vistance Networks, Inc.	$139.2M	10.1%	+8551%	43.9
7	$CTRI	Centuri Holdings, Inc.	$133.3M	9.7%	+14%	42.7
8	$BKD	Brookdale Senior Living Inc.	$117.5M	8.5%	+17%	43.1
9	$VSATCALL	VIASAT INC	$93.4M	—	+17%	53.3
10	$ECHO	EchoStar CORP	$91.9M	6.7%	+4%	29.5
11	$SPHR	Sphere Entertainment Co.	$71.9M	5.2%	+1%	50.3
12	$ECHO	EchoStar CORP	$68.3M	5.0%	-9%	29.5
13	$ACHC	Acadia Healthcare Company, Inc.	$54.7M	4.0%	NEW	49.3
14	$CNNE	Cannae Holdings, Inc.	$37.1M	2.7%	+0%	17.4
15	$ACHCPUT	Acadia Healthcare Company, Inc.	$35.1M	—	NEW	49.3
16	$DHC	DIVERSIFIED HEALTHCARE TRUST	$35.0M	2.5%	+11%	39.7
17	$ECHOCALL	EchoStar CORP	$25.1M	—	-46%	29.5
18	$VAL	Valaris Ltd	$16.1M	1.2%	+46%	—
19	$JBLUCALL	JETBLUE AIRWAYS CORP	$10.8M	—	NEW	37.6
20	$OPTU	Optimum Communications, Inc.	$8.5M	0.6%	+9%	29.7
21	$CPT	CAMDEN PROPERTY TRUST	$7.6M	0.6%	-21%	69.4
22	$EQR	EQUITY RESIDENTIAL	$7.3M	0.5%	-21%	—
23	$UDR	UDR, Inc.	$7.0M	0.5%	-21%	65.2
24	$AVB	AVALONBAY COMMUNITIES INC	$6.7M	0.5%	-21%	57.5
25	$WW	WW INTERNATIONAL, INC.	$6.3M	0.5%	-0%	26.4
26	$CTRICALL	Centuri Holdings, Inc.	$5.8M	—	NEW	42.7
27	$SPHR	Sphere Entertainment Co.	$5.4M	0.4%	NEW	50.3
28	$ESS	ESSEX PROPERTY TRUST, INC.	$4.3M	0.3%	-21%	59.3
29	$MAA	MID AMERICA APARTMENT COMMUNITIES INC.	$4.3M	0.3%	-21%	63.7
30	$CYH	COMMUNITY HEALTH SYSTEMS INC	$3.9M	0.3%	+307%	53.4
31	—	BROOKDALE SR LIVING INC	$3.4M	0.3%	+0%	—
32	$CORZ	Core Scientific, Inc./tx	$1.5M	0.1%	+1%	14