Candelo Capital Management LP In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Candelo Capital Management LP reported 25 stock positions worth $155.4 million . Its top holding was Element Solutions (ESI) at 6.2% of the portfolio, followed by Builders Firstsource (BLDR, 5.6% ) and 3M (MMM, 5.4% ). Compared with Q2 2024, it opened 8 new positions, sold out of 4, added to 4 and reduced 12. The biggest buy was a new position in Builders Firstsource (BLDR) and the biggest sale an exit from Entegris (ENTG).
Location NEW YORK, NY
CIK 0001845660
Portfolio Value $155.4M (Q3 2024) Holdings 25 stocks · $155.4M 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 Q2 2024 ESI Element Solutions Inc. 354,315 $9.6M Reduce -13.6% BLDR Builders Firstsource Inc. 45,217 $8.8M New MMM 3M Co. 61,300 $8.4M New CSX CSX Corp. 231,370 $8.0M New PTC PTC Inc. 44,027 $8.0M Reduce -13.3% WAB Wabtec Corp. 42,017 $7.6M Reduce -18.2% ADSK Autodesk Inc. 27,500 $7.6M Add +11.7% CRH CRH PLC 77,649 $7.2M Add +27.7% VST Vistra Corp. 60,300 $7.1M Add +5.1% AER Aercap Holdings NV 71,652 $6.8M Reduce -32.0% CW Curtiss-Wright Corp. 19,500 $6.4M New LNG Cheniere Energy Inc. 35,573 $6.4M Add +197.1% CLH Clean Harbors Inc. 25,008 $6.0M Reduce -26.2% BDC Belden Inc. 50,711 $5.9M New GPOR Gulfport Energy Corp. 35,905 $5.4M Reduce -12.5% TLN Talen Energy Corp. 29,800 $5.3M New TSM Taiwan Semiconductor-SP ADR 29,700 $5.2M Reduce -14.5% PWR Quanta Services Inc. 16,600 $4.9M New GEV GE Vernova Inc. 18,652 $4.8M Reduce -25.7% TFII Tfi International Inc. 34,620 $4.7M Reduce -35.7% GE General Electric filed as GE AEROSPACE 24,032 $4.5M Reduce -43.8% NVDA Nvidia Corp. 36,800 $4.5M No change TDG Transdigm Group Inc. 3,117 $4.4M Reduce -24.4% VRT Vertiv Holdings Co. Class A 41,675 $4.1M Reduce -7.1% POWL Powell Industries Inc. 16,073 $3.6M New
Options reported separately and not counted above: CAT puts ($5.5M), GE puts ($3.8M), DOW puts ($3.0M), IR puts ($2.9M), TDG puts ($2.1M), ODFL puts ($2.0M), DD puts ($1.8M), TXN puts ($1.4M), QRVO puts ($1.0M), ESI calls ($84K).
Portfolio Sells Q2 2024 → Q3 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 Q2 2024 % Of Portfolio Change To Portfolio ▲ ENTG Entegris Inc. Sold out 0.00% −6.25 NVT Nvent Electric PLC Sold out 0.00% −5.79 LIN Linde PLC Sold out 0.00% −4.49 ADI Analog Devices Inc. Sold out 0.00% −3.08 AER Aercap Holdings NV Reduce -32.0% 4.37% −2.91 TFII Tfi International Inc. Reduce -35.7% 3.05% −2.74 GE General Electric Reduce -43.8% 2.92% −2.12 ESI Element Solutions Inc. Reduce -13.6% 6.19% −2.05 CLH Clean Harbors Inc. Reduce -26.2% 3.89% −1.79 PTC PTC Inc. Reduce -13.3% 5.12% −1.71 TSM Taiwan Semiconductor-SP ADR Reduce -14.5% 3.32% −1.16 WAB Wabtec Corp. Reduce -18.2% 4.92% −1.10 GPOR Gulfport Energy Corp. Reduce -12.5% 3.50% −1.09 TDG Transdigm Group Inc. Reduce -24.4% 2.86% −1.04 VRT Vertiv Holdings Co. Class A Reduce -7.1% 2.67% −0.21 GEV GE Vernova Inc. Reduce -25.7% 3.06% −0.13
Portfolio Buys Q2 2024 → Q3 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 Q2 2024 % Of Portfolio Change To Portfolio ▼ BLDR Builders Firstsource Inc. New 5.64% +5.64 MMM 3M Co. New 5.39% +5.39 CSX CSX Corp. New 5.14% +5.14 CW Curtiss-Wright Corp. New 4.13% +4.13 BDC Belden Inc. New 3.82% +3.82 TLN Talen Energy Corp. New 3.42% +3.42 PWR Quanta Services Inc. New 3.19% +3.19 LNG Cheniere Energy Inc. Add +197.1% 4.12% +2.57 POWL Powell Industries Inc. New 2.30% +2.30 CRH CRH PLC Add +27.7% 4.63% +1.26 VST Vistra Corp. Add +5.1% 4.60% +0.94 ADSK Autodesk Inc. Add +11.7% 4.88% +0.36
Options Activity Q2 2024 → Q3 2024 Security Type Change vs Q2 2024 Underlying Shares Value ▼ CAT Caterpillar Inc. put New 14,000 $5.5M GE General Electric put New 20,000 $3.8M SOXX iShares Semiconductor ETF put Sold out 15,000 $3.7Mbefore exit URI United Rentals Inc. put Sold out 5,000 $3.2Mbefore exit DOW Dow Inc. put New 55,000 $3.0M IR Ingersoll-Rand Inc. put New 30,000 $2.9M GEV GE Vernova Inc. put Sold out 15,000 $2.6Mbefore exit TDG Transdigm Group Inc. put New 1,500 $2.1M EXE Expand Energy Corp. put Sold out 25,000 $2.1Mbefore exit ODFL Old Dominion Freight Line put New 10,000 $2.0M DD Dupont DE Nemours Inc. put New 20,000 $1.8M TXN Texas Instruments Inc. put New 7,000 $1.4M VST Vistra Corp. put Sold out 15,000 $1.3Mbefore exit QRVO Qorvo Inc. put New 10,000 $1.0M NRG NRG Energy Inc. put Sold out 10,000 $779Kbefore exit ESI Element Solutions Inc. call New 3,100 $84K
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