Carronade Capital Management, L.P. is an investment fund managing more than $215 billion ran by Rinarisa Defronze. There are currently 15 companies in Defronze’s portfolio. The largest investments include Invesco Exch Traded Fd Tr Ii and Centuri Holdings Inc, together worth $118 billion.
As of 7th August 2024, Carronade Capital Management, L.P.’s top holding is 4,579,608 shares of Invesco Exch Traded Fd Tr Ii currently worth over $96.4 billion and making up 44.9% of the portfolio value.
In addition, the fund holds 1,105,300 shares of Centuri Holdings Inc worth $21.5 billion.
The third-largest holding is Global Business Travel Group worth $21.1 billion and the next is Geo worth $20.1 billion, with 1,400,161 shares owned.
Currently, Carronade Capital Management, L.P.'s portfolio is worth at least $215 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
The Carronade Capital Management, L.P. office and employees reside in Darien, Connecticut. According to the last 13-F report filed with the SEC, Rinarisa Defronze serves as the Chief Compliance Officer and Counsel at Carronade Capital Management, L.P..
In the most recent 13F filing, Carronade Capital Management, L.P. revealed that it had opened a new position in
Centuri Holdings Inc and bought 1,105,300 shares worth $21.5 billion.
The investment fund also strengthened its position in Invesco Exch Traded Fd Tr Ii by buying
300,000 additional shares.
This makes their stake in Invesco Exch Traded Fd Tr Ii total 4,579,608 shares worth $96.4 billion.
On the other hand, there are companies that Carronade Capital Management, L.P. is getting rid of from its portfolio.
Carronade Capital Management, L.P. closed its position in Southwest Gas Inc on 14th August 2024.
It sold the previously owned 498,685 shares for $38 billion.
Rinarisa Defronze also disclosed a decreased stake in Onyx Acquisition Co I by 0.2%.
This leaves the value of the investment at $9.24 billion and 814,082 shares.
The two most similar investment funds to Carronade Capital Management, L.P. are Horizon Advisory Services and Emergence Gp Partners. They manage $215 billion and $215 billion respectively.
Carronade Capital Management, L.P.’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Real Estate — making up 12.9% of
the total portfolio value.
The fund focuses on investments in the United States as
26.7% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
7% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $4.29 billion.
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Invesco Exch Traded Fd Tr Ii |
7.01%
4,579,608
|
$96,355,000,000 | 44.85% |
| Southwest Gas Holdings Inc |
Closed
498,685
|
$37,964,889,000 | |
| Centuri Holdings Inc |
Opened
1,105,300
|
$21,531,000,000 | 10.02% |
| Global Business Travel Group |
5.13%
3,200,071
|
$21,120,000,000 | 9.83% |
| Geo Group, Inc. |
Opened
1,400,161
|
$20,106,000,000 | 9.36% |
| Onyx Acquisition Co I |
18.11%
814,082
|
$9,240,000,000 | 4.30% |
| Avalonbay Cmntys Inc |
Opened
36,972
|
$7,649,000,000 | 3.56% |
| UDR Inc |
Opened
185,241
|
$7,623,000,000 | 3.55% |
| Equity Residential |
Opened
109,626
|
$7,601,000,000 | 3.54% |
| Camden Ppty Tr |
Opened
69,162
|
$7,546,000,000 | 3.51% |
| Mid-amer Apt Cmntys Inc |
Opened
27,331
|
$3,898,000,000 | 1.81% |
| Organon Co |
Closed
205,463
|
$3,862,704,000 | |
| Emergent Biosolutions Inc |
Opened
550,597
|
$3,755,000,000 | 1.75% |
| Valaris Ltd |
No change
50,000
|
$3,725,000,000 | 1.73% |
| Essex Ppty Tr Inc |
Opened
13,665
|
$3,720,000,000 | 1.73% |
| Altice USA Inc |
Opened
257,772
|
$526,000,000 | 0.24% |
| Bausch Health Cos Inc |
Opened
62,841
|
$438,000,000 | 0.20% |
| No transactions found | |||
| Showing first 500 out of 17 holdings | |||