Carronade Capital Management, L.P. 13F annual report

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.

$215 billion Assets Under Management (AUM)

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.

Careers at Carronade Capital Management, L.P.

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..

Recent trades

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.

One of the smallest hedge funds

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.

Rinarisa Defronze investment strategy

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.

The complete list of Carronade Capital Management, L.P. trades based on 13F SEC filings

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