Candelo Capital Management LP In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Candelo Capital Management LP reported 21 stock positions worth $135.0 million . Its top holding was Element Solutions (ESI) at 8.2% of the portfolio, followed by Aercap (AER, 7.3% ) and PTC (PTC, 6.8% ). Compared with Q1 2024, it opened 5 new positions, sold out of 5, added to 11 and reduced 4. The biggest buy was a new position in Clean Harbors (CLH) and the biggest sale an exit from Builders Firstsource (BLDR).
Location NEW YORK, NY
CIK 0001845660
Portfolio Value $135.0M (Q2 2024) Holdings 21 stocks · $135.0M 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 Q1 2024 ESI Element Solutions Inc. 410,281 $11.1M No change AER Aercap Holdings NV 105,452 $9.8M Add +104.3% PTC PTC Inc. 50,766 $9.2M Add +8.3% ENTG Entegris Inc. 62,337 $8.4M Add +59.9% WAB Wabtec Corp. 51,367 $8.1M Add +0.3% NVT Nvent Electric PLC 102,028 $7.8M Add +31.1% TFII Tfi International Inc. 53,807 $7.8M Add +13.7% CLH Clean Harbors Inc. 33,900 $7.7M New GE General Electric filed as GE AEROSPACE 42,732 $6.8M Reduce -28.7% GPOR Gulfport Energy Corp. 41,026 $6.2M Add +8.8% ADSK Autodesk Inc. 24,630 $6.1M New LIN Linde PLC 13,800 $6.1M Add +41.0% TSM Taiwan Semiconductor-SP ADR 34,750 $6.0M New TDG Transdigm Group Inc. 4,121 $5.3M Add +66.4% VST Vistra Corp. 57,398 $4.9M Add +77.2% CRH CRH PLC 60,820 $4.6M Reduce -49.3% NVDA Nvidia Corp. 36,800 $4.5M Reduce -29.9% GEV GE Vernova Inc. 25,100 $4.3M Add +67.5% ADI Analog Devices Inc. 18,200 $4.2M New VRT Vertiv Holdings Co. Class A 44,875 $3.9M Reduce -39.4% LNG Cheniere Energy Inc. 11,973 $2.1M New
Options reported separately and not counted above: SOXX puts ($3.7M), URI puts ($3.2M), GEV puts ($2.6M), EXE puts ($2.1M), VST puts ($1.3M), NRG puts ($779K).
Portfolio Sells Q1 2024 → Q2 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 Q1 2024 % Of Portfolio Change To Portfolio ▲ BLDR Builders Firstsource Inc. Sold out 0.00% −8.76 TEL Te Connectivity Ltd. Sold out 0.00% −6.74 PWR Quanta Services Inc. Sold out 0.00% −4.59 TECK Teck Resources Ltd.-CLS B Sold out 0.00% −4.39 CRH CRH PLC Reduce -49.3% 3.38% −4.21 MBLY Mobileye Global Inc. Class A Sold out 0.00% −4.04 GE General Electric Reduce -28.7% 5.03% −2.68 VRT Vertiv Holdings Co. Class A Reduce -39.4% 2.88% −1.56 NVDA Nvidia Corp. Reduce -29.9% 3.37% −0.11
Portfolio Buys Q1 2024 → Q2 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 Q1 2024 % Of Portfolio Change To Portfolio ▼ CLH Clean Harbors Inc. New 5.68% +5.68 ADSK Autodesk Inc. New 4.52% +4.52 TSM Taiwan Semiconductor-SP ADR New 4.48% +4.48 AER Aercap Holdings NV Add +104.3% 7.28% +3.99 ADI Analog Devices Inc. New 3.08% +3.08 ENTG Entegris Inc. Add +59.9% 6.25% +2.24 VST Vistra Corp. Add +77.2% 3.66% +2.00 TDG Transdigm Group Inc. Add +66.4% 3.90% +1.66 LNG Cheniere Energy Inc. New 1.55% +1.55 NVT Nvent Electric PLC Add +31.1% 5.79% +1.49 GEV GE Vernova Inc. Add +67.5% 3.19% +1.31 LIN Linde PLC Add +41.0% 4.49% +1.16 WAB Wabtec Corp. Add +0.3% 6.02% +0.55 PTC PTC Inc. Add +8.3% 6.83% +0.34 TFII Tfi International Inc. Add +13.7% 5.79% +0.26 GPOR Gulfport Energy Corp. Add +8.8% 4.59% +0.16
Options Activity Q1 2024 → Q2 2024 Security Type Change vs Q1 2024 Underlying Shares Value ▼ IWM iShares Russell 2000 ETF put Sold out 30,000 $6.3Mbefore exit XLI SS Industrial Select Sector put Sold out 50,000 $6.3Mbefore exit SOXX iShares Semiconductor ETF put New 15,000 $3.7M URI United Rentals Inc. put New 5,000 $3.2M VRT Vertiv Holdings Co. Class A put Sold out 35,000 $2.9Mbefore exit XME SS SPDR S&P Metals Mining put Sold out 45,000 $2.7Mbefore exit NVDA Nvidia Corp. put Sold out 30,000 $2.7Mbefore exit GEV GE Vernova Inc. put New 15,000 $2.6M CAT Caterpillar Inc. put Sold out 6,000 $2.2Mbefore exit EXE Expand Energy Corp. put Add +25.0% 25,000 $2.1M IYT iShares US Transportation Et put Sold out 20,000 $1.4Mbefore exit VST Vistra Corp. put New 15,000 $1.3M NRG NRG Energy Inc. put New 10,000 $779K BHP BHP Group Ltd.-Spon ADR put Sold out 10,000 $577Kbefore exit
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