Candelo Capital Management LP In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Candelo Capital Management LP reported 18 stock positions worth $104.3 million . Its top holding was Teledyne Technologies (TDY) at 7.9% of the portfolio, followed by Quanta Services (PWR, 7.8% ) and Curtiss-Wright (CW, 7.4% ). Compared with Q4 2024, it opened 8 new positions, sold out of 19, added to 5 and reduced 5. The biggest buy was a new position in Teledyne Technologies (TDY) and the biggest sale an exit from Corning (GLW).
Location NEW YORK, NY
CIK 0001845660
Portfolio Value $104.3M (Q1 2025) Holdings 18 stocks · $104.3M 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 2024 TDY Teledyne Technologies Inc. 16,500 $8.2M New PWR Quanta Services Inc. 32,172 $8.2M Add +95.0% CW Curtiss-Wright Corp. 24,355 $7.7M Add +9.0% LNG Cheniere Energy Inc. 31,521 $7.3M Reduce -2.3% PTC PTC Inc. 43,350 $6.7M Add +22.6% TRP TC Energy Corp. 141,024 $6.7M Reduce -33.1% MMM 3M Co. 43,600 $6.4M New ADSK Autodesk Inc. 23,200 $6.1M Reduce -5.3% APD Air Products & Chemicals Inc. 19,581 $5.8M New ANSS Ansys Inc. 17,600 $5.6M New NOC Northrop Grumman Corp. 10,700 $5.5M New TLN Talen Energy Corp. 27,000 $5.4M Add +0.4% DTM DT Midstream Inc. 53,547 $5.2M Reduce -5.6% VMC Vulcan Materials Co. 18,400 $4.3M New POWL Powell Industries Inc. 24,013 $4.1M Add +166.6% ENTG Entegris Inc. 46,074 $4.0M New EQT Eqt Corp. 68,400 $3.7M New GEV GE Vernova Inc. 11,727 $3.6M Reduce -15.3%
Options reported separately and not counted above: OIH puts ($3.1M), APD puts ($2.1M), IGV puts ($1.8M), EXE puts ($1.7M), CTVA puts ($944K), SLB puts ($836K), HWM puts ($778K), EMR puts ($548K).
Portfolio Sells Q4 2024 → Q1 2025 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 2024 % Of Portfolio Change To Portfolio ▲ GLW Corning Inc. Sold out 0.00% −4.96 COHR Coherent Corp. Sold out 0.00% −4.03 WAB Wabtec Corp. Sold out 0.00% −4.01 ATS Ats Corp. Sold out 0.00% −3.86 BDC Belden Inc. Sold out 0.00% −3.74 GPOR Gulfport Energy Corp. Sold out 0.00% −3.67 CORZ Core Scientific Inc. Sold out 0.00% −3.63 PRIM Primoris Services Corp. Sold out 0.00% −3.59 TAC Transalta Corp. Sold out 0.00% −3.53 TDG Transdigm Group Inc. Sold out 0.00% −3.25 BLDR Builders Firstsource Inc. Sold out 0.00% −3.18 VST Vistra Corp. Sold out 0.00% −3.13 ESI Element Solutions Inc. Sold out 0.00% −3.10 NVDA Nvidia Corp. Sold out 0.00% −3.09 VRT Vertiv Holdings Co. Class A Sold out 0.00% −2.97 CLH Clean Harbors Inc. Sold out 0.00% −2.54 GE General Electric Sold out 0.00% −2.53 CRH CRH PLC Sold out 0.00% −1.93 BE Bloom Energy Corp. Class A Sold out 0.00% −0.72 TRP TC Energy Corp. Reduce -33.1% 6.38% +0.20 GEV GE Vernova Inc. Reduce -15.3% 3.43% +0.56 ADSK Autodesk Inc. Reduce -5.3% 5.82% +1.26 DTM DT Midstream Inc. Reduce -5.6% 4.95% +1.40 LNG Cheniere Energy Inc. Reduce -2.3% 6.99% +2.63
Portfolio Buys Q4 2024 → Q1 2025 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 2024 % Of Portfolio Change To Portfolio ▼ TDY Teledyne Technologies Inc. New 7.87% +7.87 MMM 3M Co. New 6.14% +6.14 APD Air Products & Chemicals Inc. New 5.54% +5.54 ANSS Ansys Inc. New 5.34% +5.34 NOC Northrop Grumman Corp. New 5.25% +5.25 PWR Quanta Services Inc. Add +95.0% 7.84% +4.56 VMC Vulcan Materials Co. New 4.12% +4.12 ENTG Entegris Inc. New 3.86% +3.86 EQT Eqt Corp. New 3.50% +3.50 POWL Powell Industries Inc. Add +166.6% 3.92% +2.66 CW Curtiss-Wright Corp. Add +9.0% 7.41% +2.41 PTC PTC Inc. Add +22.6% 6.44% +2.34 TLN Talen Energy Corp. Add +0.4% 5.17% +1.75
Options Activity Q4 2024 → Q1 2025 Security Type Change vs Q4 2024 Underlying Shares Value ▼ PWR Quanta Services Inc. put Sold out 20,000 $6.3Mbefore exit BLDR Builders Firstsource Inc. put Sold out 35,000 $5.0Mbefore exit VST Vistra Corp. put Sold out 35,000 $4.8Mbefore exit GEV GE Vernova Inc. put Sold out 14,000 $4.6Mbefore exit CLH Clean Harbors Inc. put Sold out 18,000 $4.1Mbefore exit GE General Electric put Sold out 24,000 $4.0Mbefore exit CRH CRH PLC put Sold out 35,000 $3.2Mbefore exit OIH Vaneck Oil Services ETF put New 12,000 $3.1M VRT Vertiv Holdings Co. Class A put Sold out 20,000 $2.3Mbefore exit BE Bloom Energy Corp. Class A call Sold out 100,000 $2.2Mbefore exit APD Air Products & Chemicals Inc. put New 7,000 $2.1M WAB Wabtec Corp. put Sold out 10,000 $1.9Mbefore exit IGV iShares Expanded Tech-Softwa put New 20,000 $1.8M EXE Expand Energy Corp. put New 15,000 $1.7M CTVA Corteva Inc. put New 15,000 $944K SLB SLB Ltd. put New 20,000 $836K HWM Howmet Aerospace Inc. put New 6,000 $778K CE Celanese Corp. put Sold out 10,000 $692Kbefore exit EMR Emerson Electric Co. put New 5,000 $548K ESI Element Solutions Inc. call Sold out 3,100 $79Kbefore 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