CARRONADE CAPITAL MANAGEMENT, LP Q4 2025 Filing

Filed February 13, 2026

Portfolio Value

$7.3T

Holdings

29

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (29 positions)

#StockSharesValue% PortfolioType
1
SPYSPDR S&P 500 ETF TR
7,125,000$4.9T66.44%Put
2
IEFISHARES TR
11,500,000$1.1T15.12%Put
3
TLNTALEN ENERGY CORP
577,239$216.4B2.96%
4
TDSTELEPHONE & DATA SYS INC
4,203,594$172.3B2.36%
5
CMCSACOMCAST CORP NEW
6,000,000$168.0B2.30%Call
6
VSATVIASAT INC
4,711,501$162.4B2.22%Call
7
SATSECHOSTAR CORP
1,043,915$113.5B1.55%Call
8
CTRICENTURI HOLDINGS INC
3,988,664$100.7B1.38%
9
SATS 3.875 11/30/30ECHOSTAR CORP
24,638,496$82.5B1.13%
10
B7SBROOKDALE SR LIVING INC
7,349,874$79.3B1.08%
11
SPHR 3.5 12/01/28SPHERE ENTERTAINMENT CO
21,150,000$58.4B0.80%
12
CNNECANNAE HLDGS INC
3,262,648$51.3B0.70%
13
DHCDIVERSIFIED HEALTHCARE TR
4,763,537$23.1B0.32%
14
GEGGEO GROUP INC NEW
992,931$16.0B0.22%
15
KSSKOHLS CORP
750,000$15.3B0.21%Put
16
WWWW INTL INC
457,835$13.4B0.18%
17
CPTCAMDEN PPTY TR
98,344$10.8B0.15%
18
OPTUOPTIMUM COMMUNICATIONS INC
6,015,682$9.9B0.14%
19
EQREQUITY RESIDENTIAL
156,378$9.9B0.13%
20
UDRUDR INC
264,595$9.7B0.13%
21
AVBAVALONBAY CMNTYS INC
52,328$9.5B0.13%
22
MAAMID-AMER APT CMNTYS INC
44,268$6.1B0.08%
23
CZRCAESARS ENTERTAINMENT INC NE
257,160$6.0B0.08%
24
ESSESSEX PPTY TR INC
22,498$5.9B0.08%
25
BKD 2 10/15/26BROOKDALE SR LIVING INC
2,000,000$2.6B0.04%
26
VISNCOMMSCOPE HLDG CO INC
88,390$1.6B0.02%
27
CORZCORE SCIENTIFIC INC NEW
100,000$1.5B0.02%
28
VALVALARIS LTD
687,260$1.2B0.02%
29
CYHCOMMUNITY HEALTH SYS INC NEW
325,000$1.0B0.01%