Candelo Capital Management LP In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Candelo Capital Management LP reported 20 stock positions worth $136.4 million . Its top holding was Builders Firstsource (BLDR) at 8.8% of the portfolio, followed by General Electric (GE, 7.7% ) and CRH (CRH, 7.6% ). Compared with Q4 2023, it opened 4 new positions, sold out of 5, added to 7 and reduced 9. The biggest buy was a new position in General Electric (GE) and the biggest sale an exit from Flex (FLEX).
Location NEW YORK, NY
CIK 0001845660
Portfolio Value $136.4M (Q1 2024) Holdings 20 stocks · $136.4M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2023 BLDR Builders Firstsource Inc. 57,322 $12.0M Add +6.0% GE General Electric 59,950 $10.5M New CRH CRH PLC 119,967 $10.3M Reduce -8.2% ESI Element Solutions Inc. 410,281 $10.2M Add +0.7% TEL Te Connectivity Ltd. 63,283 $9.2M Add +16.1% PTC PTC Inc. 46,894 $8.9M Reduce -2.4% TFII Tfi International Inc. 47,305 $7.5M Reduce -25.5% WAB Wabtec Corp. 51,194 $7.5M Add +55.6% PWR Quanta Services Inc. 24,099 $6.3M Add +67.3% VRT Vertiv Holdings Co. Class A 74,075 $6.0M Reduce -33.9% GPOR Gulfport Energy Corp. 37,720 $6.0M Reduce -4.5% TECK Teck Resources Ltd.-CLS B 130,681 $6.0M Add +9.7% NVT Nvent Electric PLC 77,815 $5.9M Add +260.3% MBLY Mobileye Global Inc. Class A 171,238 $5.5M New ENTG Entegris Inc. 38,993 $5.5M Reduce -26.7% NVDA Nvidia Corp. 5,250 $4.7M Reduce -49.5% LIN Linde PLC 9,788 $4.5M Reduce -49.9% AER Aercap Holdings NV 51,604 $4.5M New TDG Transdigm Group Inc. 2,477 $3.1M Reduce -16.8% VST Vistra Corp. 32,400 $2.3M New
Options reported separately and not counted above: IWM puts ($6.3M), XLI puts ($6.3M), VRT puts ($2.9M), XME puts ($2.7M), NVDA puts ($2.7M), CAT puts ($2.2M), EXE puts ($1.8M), IYT puts ($1.4M), BHP puts ($577K).
Portfolio Sells Q4 2023 → Q1 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▲ FLEX Flex Ltd. Sold out 0.00% −6.87 LIN Linde PLC Reduce -49.9% 3.33% −3.50 GNRC Generac Holdings Inc. Sold out 0.00% −3.05 SAIA Saia Inc. Sold out 0.00% −2.65 TFII Tfi International Inc. Reduce -25.5% 5.53% −1.82 ADI Analog Devices Inc. Sold out 0.00% −1.63 FTI Technipfmc PLC Sold out 0.00% −1.54 ENTG Entegris Inc. Reduce -26.7% 4.02% −1.41 NVDA Nvidia Corp. Reduce -49.5% 3.48% −0.91 PTC PTC Inc. Reduce -2.4% 6.50% −0.66 TDG Transdigm Group Inc. Reduce -16.8% 2.24% −0.33 VRT Vertiv Holdings Co. Class A Reduce -33.9% 4.44% −0.15 CRH CRH PLC Reduce -8.2% 7.59% −0.10 GPOR Gulfport Energy Corp. Reduce -4.5% 4.43% −0.05
Portfolio Buys Q4 2023 → Q1 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▼ GE General Electric New 7.72% +7.72 MBLY Mobileye Global Inc. Class A New 4.04% +4.04 AER Aercap Holdings NV New 3.29% +3.29 NVT Nvent Electric PLC Add +260.3% 4.30% +3.22 PWR Quanta Services Inc. Add +67.3% 4.59% +1.95 WAB Wabtec Corp. Add +55.6% 5.47% +1.91 VST Vistra Corp. New 1.65% +1.65 BLDR Builders Firstsource Inc. Add +6.0% 8.76% +1.08 TEL Te Connectivity Ltd. Add +16.1% 6.74% +0.22 TECK Teck Resources Ltd.-CLS B Add +9.7% 4.39% +0.10 ESI Element Solutions Inc. Add +0.7% 7.51% −0.51
Options Activity Q4 2023 → Q1 2024 Security Type Change vs Q4 2023 Underlying Shares Value ▼ IWM iShares Russell 2000 ETF put New 30,000 $6.3M XLI SS Industrial Select Sector put New 50,000 $6.3M VRT Vertiv Holdings Co. Class A put New 35,000 $2.9M XME SS SPDR S&P Metals Mining put Add +350.0% 45,000 $2.7M NVDA Nvidia Corp. put New 3,000 $2.7M ENTG Entegris Inc. put Sold out 20,000 $2.4Mbefore exit CAT Caterpillar Inc. put Add +33.3% 6,000 $2.2M FTI Technipfmc PLC put Sold out 90,000 $1.8Mbefore exit EXE Expand Energy Corp. put Add +100.0% 20,000 $1.8M IYT iShares US Transportation Et put New 20,000 $1.4M TDG Transdigm Group Inc. put Sold out 1,300 $1.3Mbefore exit OIH Vaneck Oil Services ETF put Sold out 4,000 $1.2Mbefore exit F Ford Motor Co. put Sold out 50,000 $610Kbefore exit BHP BHP Group Ltd.-Spon ADR put New 10,000 $577K
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 27 $136.2M TDY, GVA, CTRI, PH, MRCY Q1 2026 22 $99.4M KGS, CTRI, LIN, GVA, TDY Q4 2025 26 $109.6M ATI, TDY, UNP, GVA, MKSI Q3 2025 26 $111.8M TDY, TRP, UNP, MOD, PWR Q2 2025 22 $104.4M PTC, TRP, ATI, TDY, DTM Q1 2025 18 $104.3M TDY, PWR, CW, LNG, PTC Q4 2024 29 $158.7M TRP, CW, GLW, ADSK, LNG Q3 2024 25 $155.4M ESI, BLDR, MMM, CSX, PTC Q2 2024 21 $135.0M ESI, AER, PTC, ENTG, WAB Q1 2024 20 $136.4M BLDR, GE, CRH, ESI, TEL