Candelo Capital Management LP In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Candelo Capital Management LP reported 29 stock positions worth $158.7 million . Its top holding was TC Energy (TRP) at 6.2% of the portfolio, followed by Curtiss-Wright (CW, 5.0% ) and Corning (GLW, 5.0% ). Compared with Q3 2024, it opened 9 new positions, sold out of 5, added to 3 and reduced 16. The biggest buy was a new position in TC Energy (TRP) and the biggest sale an exit from 3M (MMM).
Location NEW YORK, NY
CIK 0001845660
Portfolio Value $158.7M (Q4 2024) Holdings 29 stocks · $158.7M 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 Q3 2024 TRP TC Energy Corp. 210,868 $9.8M New CW Curtiss-Wright Corp. 22,346 $7.9M Add +14.6% GLW Corning Inc. 165,646 $7.9M New ADSK Autodesk Inc. 24,501 $7.2M Reduce -10.9% LNG Cheniere Energy Inc. 32,273 $6.9M Reduce -9.3% PTC PTC Inc. 35,365 $6.5M Reduce -19.7% COHR Coherent Corp. 67,500 $6.4M New WAB Wabtec Corp. 33,555 $6.4M Reduce -20.1% ATS Ats Corp. 200,850 $6.1M New BDC Belden Inc. 52,680 $5.9M Add +3.9% GPOR Gulfport Energy Corp. 31,595 $5.8M Reduce -12.0% CORZ Core Scientific Inc. 409,804 $5.8M New PRIM Primoris Services Corp. 74,691 $5.7M New DTM DT Midstream Inc. 56,700 $5.6M New TAC Transalta Corp. 395,938 $5.6M New TLN Talen Energy Corp. 26,904 $5.4M Reduce -9.7% PWR Quanta Services Inc. 16,500 $5.2M Reduce -0.6% TDG Transdigm Group Inc. 4,067 $5.2M Add +30.5% BLDR Builders Firstsource Inc. 35,277 $5.0M Reduce -22.0% VST Vistra Corp. 35,993 $5.0M Reduce -40.3% ESI Element Solutions Inc. 193,229 $4.9M Reduce -45.5% NVDA Nvidia Corp. 36,500 $4.9M Reduce -0.8% VRT Vertiv Holdings Co. Class A 41,475 $4.7M Reduce -0.5% GEV GE Vernova Inc. 13,852 $4.6M Reduce -25.7% CLH Clean Harbors Inc. 17,500 $4.0M Reduce -30.0% GE General Electric filed as GE AEROSPACE 24,032 $4.0M No change CRH CRH PLC 33,150 $3.1M Reduce -57.3% POWL Powell Industries Inc. 9,007 $2.0M Reduce -44.0% BE Bloom Energy Corp. Class A 51,149 $1.1M New
Options reported separately and not counted above: PWR puts ($6.3M), BLDR puts ($5.0M), VST puts ($4.8M), GEV puts ($4.6M), CLH puts ($4.1M), GE puts ($4.0M), CRH puts ($3.2M), VRT puts ($2.3M), BE calls ($2.2M), WAB puts ($1.9M), CE puts ($692K), ESI calls ($79K).
Portfolio Sells Q3 2024 → Q4 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 Q3 2024 % Of Portfolio Change To Portfolio ▲ MMM 3M Co. Sold out 0.00% −5.39 CSX CSX Corp. Sold out 0.00% −5.14 AER Aercap Holdings NV Sold out 0.00% −4.37 TSM Taiwan Semiconductor-SP ADR Sold out 0.00% −3.32 ESI Element Solutions Inc. Reduce -45.5% 3.10% −3.10 TFII Tfi International Inc. Sold out 0.00% −3.05 CRH CRH PLC Reduce -57.3% 1.93% −2.70 BLDR Builders Firstsource Inc. Reduce -22.0% 3.18% −2.47 VST Vistra Corp. Reduce -40.3% 3.13% −1.47 CLH Clean Harbors Inc. Reduce -30.0% 2.54% −1.35 POWL Powell Industries Inc. Reduce -44.0% 1.26% −1.04 PTC PTC Inc. Reduce -19.7% 4.10% −1.02 WAB Wabtec Corp. Reduce -20.1% 4.01% −0.91 ADSK Autodesk Inc. Reduce -10.9% 4.56% −0.31 GEV GE Vernova Inc. Reduce -25.7% 2.87% −0.19 TLN Talen Energy Corp. Reduce -9.7% 3.41% −0.00 PWR Quanta Services Inc. Reduce -0.6% 3.29% +0.10 GPOR Gulfport Energy Corp. Reduce -12.0% 3.67% +0.17 NVDA Nvidia Corp. Reduce -0.8% 3.09% +0.21 LNG Cheniere Energy Inc. Reduce -9.3% 4.37% +0.25 VRT Vertiv Holdings Co. Class A Reduce -0.5% 2.97% +0.30
Portfolio Buys Q3 2024 → Q4 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 Q3 2024 % Of Portfolio Change To Portfolio ▼ TRP TC Energy Corp. New 6.18% +6.18 GLW Corning Inc. New 4.96% +4.96 COHR Coherent Corp. New 4.03% +4.03 ATS Ats Corp. New 3.86% +3.86 CORZ Core Scientific Inc. New 3.63% +3.63 PRIM Primoris Services Corp. New 3.59% +3.59 DTM DT Midstream Inc. New 3.55% +3.55 TAC Transalta Corp. New 3.53% +3.53 CW Curtiss-Wright Corp. Add +14.6% 5.00% +0.87 BE Bloom Energy Corp. Class A New 0.72% +0.72 TDG Transdigm Group Inc. Add +30.5% 3.25% +0.38 BDC Belden Inc. Add +3.9% 3.74% −0.09
Options Activity Q3 2024 → Q4 2024 Security Type Change vs Q3 2024 Underlying Shares Value ▼ PWR Quanta Services Inc. put New 20,000 $6.3M CAT Caterpillar Inc. put Sold out 14,000 $5.5Mbefore exit BLDR Builders Firstsource Inc. put New 35,000 $5.0M VST Vistra Corp. put New 35,000 $4.8M GEV GE Vernova Inc. put New 14,000 $4.6M CLH Clean Harbors Inc. put New 18,000 $4.1M GE General Electric put Add +20.0% 24,000 $4.0M CRH CRH PLC put New 35,000 $3.2M DOW Dow Inc. put Sold out 55,000 $3.0Mbefore exit IR Ingersoll-Rand Inc. put Sold out 30,000 $2.9Mbefore exit VRT Vertiv Holdings Co. Class A put New 20,000 $2.3M BE Bloom Energy Corp. Class A call New 100,000 $2.2M TDG Transdigm Group Inc. put Sold out 1,500 $2.1Mbefore exit ODFL Old Dominion Freight Line put Sold out 10,000 $2.0Mbefore exit WAB Wabtec Corp. put New 10,000 $1.9M DD Dupont DE Nemours Inc. put Sold out 20,000 $1.8Mbefore exit TXN Texas Instruments Inc. put Sold out 7,000 $1.4Mbefore exit QRVO Qorvo Inc. put Sold out 10,000 $1.0Mbefore exit CE Celanese Corp. put New 10,000 $692K
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