Candlestick Capital Management LP
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Candlestick Capital Management LP reported 69 stock positions worth $3.0 billion. Its top holding was Amazon.com (AMZN) at 4.3% of the portfolio, followed by Burlington Stores (BURL, 3.2%) and Salesforce (CRM, 3.1%). Compared with Q4 2023, it opened 33 new positions, sold out of 24, added to 12 and reduced 24. The biggest buy was a new position in PayPal (PYPL) and the biggest sale Floor & Decor Class A (FND, shares −91%).
- Most Recent 13F
- Q4 2025
- Location
- GREENWICH, CT
- CIK
- 0001789779
- Portfolio Value
- $3.0B (Q1 2024)
- SEC Filing
- 0001172661-24-002522 ↗ filed May 15, 2024
Holdings Value
Holdings 69 stocks · $3.0B
| AMZN Amazon.com Inc. | 4.33% | 728,013 | $131.3M | Reduce -33.0% |
| BURL Burlington Stores Inc. | 3.21% | 419,923 | $97.5M | Reduce -4.1% |
| CRM Salesforce Inc. | 3.14% | 316,010 | $95.2M | Reduce -12.2% |
| PYPL PayPal Holdings Inc. | 2.93% | 1,328,130 | $89.0M | New |
| MNST Monster Beverage Corp. | 2.74% | 1,400,000 | $83.0M | Add +47.4% |
| UAL United Airlines Holdings Inc. | 2.70% | 1,713,694 | $82.1M | New |
| CAG Conagra Brands Inc. | 2.69% | 2,750,000 | $81.5M | Add +37.5% |
| THO Thor Industries Inc. | 2.68% | 693,074 | $81.3M | Add +7.7% |
| SGI Somnigroup International Inc. filed as TEMPUR SEALY INTL INC | 2.62% | 1,400,350 | $79.6M | Reduce -27.4% |
| RCL Royal Caribbean Cruises Ltd. | 2.47% | 540,188 | $75.1M | Reduce -13.0% |
| LEN Lennar Corp. Class A | 2.45% | 432,970 | $74.5M | Add +34.2% |
| SHW The Sherwin-Williams Co. | 2.42% | 211,822 | $73.6M | New |
| TRU Transunion | 2.34% | 888,000 | $70.9M | Reduce -27.9% |
| K Kellanova | 2.27% | 1,200,000 | $68.7M | New |
| DPZ Domino's Pizza Inc. | 2.24% | 136,722 | $67.9M | Reduce -36.7% |
| ABNB Airbnb Inc. Class A | 2.22% | 407,476 | $67.2M | New |
| ACVA Acv Auctions Inc. Class A | 2.20% | 3,550,000 | $66.6M | Add +1.4% |
| DAL Delta Air Lines Inc. | 2.18% | 1,379,080 | $66.0M | Add +101.3% |
| MSFT Microsoft Corp. | 2.16% | 155,958 | $65.6M | Reduce -41.1% |
| NFLX Netflix Inc. | 2.16% | 107,839 | $65.5M | Add +6.5% |
| RL Ralph Lauren Corp. | 2.10% | 339,604 | $63.8M | New |
| MMM 3M Co. | 2.10% | 600,000 | $63.6M | Reduce -7.7% |
| PRKS United Parks & Resorts Inc. | 2.02% | 1,091,574 | $61.4M | Add +16.7% |
| DLTR Dollar Tree Inc. | 1.99% | 454,136 | $60.5M | Add +11.3% |
| AS Amer Sports Inc. | 1.95% | 3,624,627 | $59.1M | New |
| GPC Genuine Parts Co. | 1.90% | 372,414 | $57.7M | New |
| CCL Carnival Corp. | 1.84% | 3,422,845 | $55.9M | Reduce -9.9% |
| PFGC Performance Food Group Co. | 1.68% | 684,759 | $51.1M | Add +12.3% |
| CLX Clorox Company | 1.64% | 325,000 | $49.8M | Add +22.6% |
| CCEP Coca-Cola Europacific Partne | 1.61% | 700,000 | $49.0M | Reduce -3.5% |
| BBWI Bath & Body Works Inc. | 1.54% | 932,218 | $46.6M | New |
| XOP SS SPDR S&P Og Exp & Prod | 1.53% | 300,000 | $46.5M | Reduce -25.0% |
| URBN Urban Outfitters Inc. | 1.49% | 1,042,614 | $45.3M | New |
| CNK Cinemark Holdings Inc. | 1.46% | 2,457,460 | $44.2M | New |
| BFAM Bright Horizons Family Solut | 1.32% | 354,188 | $40.2M | Add +36.6% |
| SBUX Starbucks Corp. | 1.31% | 434,175 | $39.7M | New |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 1.27% | 250,000 | $38.5M | New |
| LW Lamb Weston Holdings Inc. | 1.23% | 350,000 | $37.3M | Reduce -26.3% |
| MDLZ Mondelez International Inc. Class A | 1.15% | 500,000 | $35.0M | Reduce -60.0% |
| TPR Tapestry Inc. | 1.13% | 719,474 | $34.2M | New |
| PLAY Dave & Buster's Entertainmen | 1.10% | 535,074 | $33.5M | Reduce -66.5% |
| YUM Yum! Brands Inc. | 1.06% | 232,088 | $32.2M | New |
| AAP Advance Auto Parts Inc. | 1.02% | 365,093 | $31.1M | New |
| ZBRA Zebra Technologies Corp. Class A | 1.02% | 102,866 | $31.0M | New |
| M Macy's Inc. | 0.99% | 1,500,000 | $30.0M | New |
| FRPT Freshpet Inc. | 0.95% | 250,000 | $29.0M | Reduce -20.1% |
| SPOT Spotify Technology SA | 0.93% | 106,661 | $28.1M | Reduce -64.0% |
| GM General Motors Co. | 0.83% | 555,000 | $25.2M | Reduce -66.4% |
| BRBR Bellring Brands Inc. | 0.78% | 400,000 | $23.6M | New |
| DKNG Draftkings Inc. Class A | 0.75% | 500,000 | $22.7M | New |
| SOLV Solventum Corp. | 0.73% | 320,000 | $22.3M | New |
| HLT Hilton Worldwide Holdings Inc. | 0.53% | 74,778 | $16.0M | Reduce -72.7% |
| CWH Camping World Holdings Inc. Class A | 0.49% | 535,000 | $14.9M | New |
| ROST Ross Stores Inc. | 0.45% | 92,336 | $13.6M | Reduce -82.2% |
| DHI D.R. Horton Inc. | 0.43% | 79,993 | $13.2M | Reduce -76.8% |
| IT Gartner Inc. | 0.39% | 25,000 | $11.9M | Reduce -69.6% |
| RH RH | 0.39% | 33,671 | $11.7M | New |
| MUSA Murphy USA Inc. | 0.35% | 25,647 | $10.8M | New |
| IBIT iShares Bitcoin Trust ETF | 0.33% | 250,000 | $10.1M | New |
| FND Floor & Decor Holdings Inc. Class A | 0.33% | 76,368 | $9.9M | Reduce -90.9% |
| XLE SS Energy Select Sector | 0.31% | 100,000 | $9.4M | Reduce -83.3% |
| SHOO Steven Madden Ltd. filed as MADDEN STEVEN LTD | 0.24% | 175,000 | $7.4M | New |
| CART Maplebear Inc. | 0.22% | 182,452 | $6.8M | New |
| ADP Automatic Data Processing | 0.21% | 25,000 | $6.2M | New |
| FDX FedEx Corp. | 0.17% | 18,000 | $5.2M | New |
| BKNG Booking Holdings Inc. | 0.17% | 1,412 | $5.1M | New |
| CNM Core & Main Inc. Class A | 0.16% | 85,000 | $4.9M | New |
| FSLR First Solar Inc. | 0.14% | 25,000 | $4.2M | New |
| ENPH Enphase Energy Inc. | 0.10% | 25,000 | $3.0M | New |
Options reported separately and not counted above: SPY puts ($261.5M), QQQ puts ($222.0M), IWM calls ($105.2M), UAL calls ($100.5M), HD puts ($95.9M), XLE calls ($94.4M), IWM puts ($84.1M), USO calls ($78.7M), LOW puts ($76.4M), DAL calls ($71.8M), AAPL puts ($68.6M), KWEB calls ($65.6M), and 16 more.
Portfolio Sells Q4 2023 → Q1 2024
| FND Floor & Decor Holdings Inc. Class A | Reduce -90.9% | 0.33% | −2.69 |
| HD Home Depot Inc. | Sold out | 0.00% | −2.45 |
| PINS Pinterest Inc. Class A | Sold out | 0.00% | −2.36 |
| TEAM Atlassian Corp. Class A | Sold out | 0.00% | −1.93 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −1.88 |
| ROST Ross Stores Inc. | Reduce -82.2% | 0.45% | −1.87 |
| MDLZ Mondelez International Inc. Class A | Reduce -60.0% | 1.15% | −1.76 |
| PLAY Dave & Buster's Entertainmen | Reduce -66.5% | 1.10% | −1.67 |
| AEO American Eagle Outfitters | Sold out | 0.00% | −1.64 |
| SIG Signet Jewelers Ltd. | Sold out | 0.00% | −1.59 |
| FICO Fair Isaac Corp. | Sold out | 0.00% | −1.46 |
| SAM Boston Beer Company Inc. Class A | Sold out | 0.00% | −1.39 |
| XLE SS Energy Select Sector | Reduce -83.3% | 0.31% | −1.31 |
| DHI D.R. Horton Inc. | Reduce -76.8% | 0.43% | −1.25 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -72.7% | 0.53% | −1.08 |
| PHM Pultegroup Inc. | Sold out | 0.00% | −1.08 |
| GM General Motors Co. | Reduce -66.4% | 0.83% | −1.08 |
| MSFT Microsoft Corp. | Reduce -41.1% | 2.16% | −1.05 |
| GAP The Gap Inc. | Sold out | 0.00% | −1.03 |
| ALK Alaska Air Group Inc. | Sold out | 0.00% | −1.00 |
| AMZN Amazon.com Inc. | Reduce -33.0% | 4.33% | −0.99 |
| WSM Williams-Sonoma Inc. | Sold out | 0.00% | −0.88 |
| SPOT Spotify Technology SA | Reduce -64.0% | 0.93% | −0.87 |
| IT Gartner Inc. | Reduce -69.6% | 0.39% | −0.80 |
| RBLX Roblox Corp. Class A | Sold out | 0.00% | −0.78 |
| CMG Chipotle Mexican Grill Inc. | Sold out | 0.00% | −0.75 |
| IFF Intl Flavors & Fragrances | Sold out | 0.00% | −0.65 |
| DPZ Domino's Pizza Inc. | Reduce -36.7% | 2.24% | −0.63 |
| AZO AutoZone Inc. | Sold out | 0.00% | −0.62 |
| SGI Somnigroup International Inc. | Reduce -27.4% | 2.62% | −0.54 |
| PPC Pilgrim's Pride Corp. | Sold out | 0.00% | −0.53 |
| CL Colgate-Palmolive Co. | Sold out | 0.00% | −0.51 |
| KSS Kohls Corp. | Sold out | 0.00% | −0.45 |
| SWK Stanley Black & Decker Inc. | Sold out | 0.00% | −0.44 |
| CCL Carnival Corp. | Reduce -9.9% | 1.84% | −0.42 |
| LW Lamb Weston Holdings Inc. | Reduce -26.3% | 1.23% | −0.42 |
| CZR Caesars Entertainment Inc. | Sold out | 0.00% | −0.41 |
| TRU Transunion | Reduce -27.9% | 2.34% | −0.39 |
| POOL Pool Corp. | Sold out | 0.00% | −0.24 |
| XOP SS SPDR S&P Og Exp & Prod | Reduce -25.0% | 1.53% | −0.23 |
| GNTX Gentex Corp. | Sold out | 0.00% | −0.23 |
| MMM 3M Co. | Reduce -7.7% | 2.10% | −0.19 |
| SPGI S&P Global Inc. | Sold out | 0.00% | −0.17 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -13.0% | 2.47% | −0.12 |
| CCEP Coca-Cola Europacific Partne | Reduce -3.5% | 1.61% | +0.06 |
| FRPT Freshpet Inc. | Reduce -20.1% | 0.95% | +0.08 |
| CRM Salesforce Inc. | Reduce -12.2% | 3.14% | +0.09 |
| BURL Burlington Stores Inc. | Reduce -4.1% | 3.21% | +0.47 |
Portfolio Buys Q4 2023 → Q1 2024
| PYPL PayPal Holdings Inc. | New | 2.93% | +2.93 |
| UAL United Airlines Holdings Inc. | New | 2.70% | +2.70 |
| SHW The Sherwin-Williams Co. | New | 2.42% | +2.42 |
| K Kellanova | New | 2.27% | +2.27 |
| ABNB Airbnb Inc. Class A | New | 2.22% | +2.22 |
| RL Ralph Lauren Corp. | New | 2.10% | +2.10 |
| AS Amer Sports Inc. | New | 1.95% | +1.95 |
| GPC Genuine Parts Co. | New | 1.90% | +1.90 |
| BBWI Bath & Body Works Inc. | New | 1.54% | +1.54 |
| URBN Urban Outfitters Inc. | New | 1.49% | +1.49 |
| CNK Cinemark Holdings Inc. | New | 1.46% | +1.46 |
| SBUX Starbucks Corp. | New | 1.31% | +1.31 |
| DAL Delta Air Lines Inc. | Add +101.3% | 2.18% | +1.29 |
| EL Estee Lauder Companies Class A | New | 1.27% | +1.27 |
| TPR Tapestry Inc. | New | 1.13% | +1.13 |
| YUM Yum! Brands Inc. | New | 1.06% | +1.06 |
| AAP Advance Auto Parts Inc. | New | 1.02% | +1.02 |
| ZBRA Zebra Technologies Corp. Class A | New | 1.02% | +1.02 |
| M Macy's Inc. | New | 0.99% | +0.99 |
| MNST Monster Beverage Corp. | Add +47.4% | 2.74% | +0.97 |
| LEN Lennar Corp. Class A | Add +34.2% | 2.45% | +0.91 |
| CAG Conagra Brands Inc. | Add +37.5% | 2.69% | +0.84 |
| BRBR Bellring Brands Inc. | New | 0.78% | +0.78 |
| DKNG Draftkings Inc. Class A | New | 0.75% | +0.75 |
| SOLV Solventum Corp. | New | 0.73% | +0.73 |
| NFLX Netflix Inc. | Add +6.5% | 2.16% | +0.57 |
| BFAM Bright Horizons Family Solut | Add +36.6% | 1.32% | +0.54 |
| CWH Camping World Holdings Inc. Class A | New | 0.49% | +0.49 |
| ACVA Acv Auctions Inc. Class A | Add +1.4% | 2.20% | +0.49 |
| PRKS United Parks & Resorts Inc. | Add +16.7% | 2.02% | +0.43 |
| CLX Clorox Company | Add +22.6% | 1.64% | +0.42 |
| RH RH | New | 0.39% | +0.39 |
| MUSA Murphy USA Inc. | New | 0.35% | +0.35 |
| IBIT iShares Bitcoin Trust ETF | New | 0.33% | +0.33 |
| PFGC Performance Food Group Co. | Add +12.3% | 1.68% | +0.33 |
| SHOO Steven Madden Ltd. | New | 0.24% | +0.24 |
| THO Thor Industries Inc. | Add +7.7% | 2.68% | +0.23 |
| CART Maplebear Inc. | New | 0.22% | +0.22 |
| ADP Automatic Data Processing | New | 0.21% | +0.21 |
| FDX FedEx Corp. | New | 0.17% | +0.17 |
| BKNG Booking Holdings Inc. | New | 0.17% | +0.17 |
| CNM Core & Main Inc. Class A | New | 0.16% | +0.16 |
| FSLR First Solar Inc. | New | 0.14% | +0.14 |
| DLTR Dollar Tree Inc. | Add +11.3% | 1.99% | +0.13 |
| ENPH Enphase Energy Inc. | New | 0.10% | +0.10 |
Options Activity Q4 2023 → Q1 2024
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -44.4% | 500,000 | $261.5M |
| QQQ Invesco QQQ Trust Series 1 | put | Reduce -44.4% | 500,000 | $222.0M |
| IGV iShares Expanded Tech-Softwa | put | Sold out | 1,500,000 | $121.7Mbefore exit |
| XHB SS SPDR S&P Homebldrs ETF | put | Sold out | 1,200,000 | $114.8Mbefore exit |
| IWM iShares Russell 2000 ETF | call | Reduce -16.7% | 500,000 | $105.2M |
| UAL United Airlines Holdings Inc. | call | New | 2,100,000 | $100.5M |
| HD Home Depot Inc. | put | New | 250,000 | $95.9M |
| XLE SS Energy Select Sector | call | New | 1,000,000 | $94.4M |
| IWM iShares Russell 2000 ETF | put | New | 400,000 | $84.1M |
| WMT Walmart Inc. | call | Sold out | 1,500,000 | $78.8Mbefore exit |
| USO United States Oil Fund LP | call | New | 1,000,000 | $78.7M |
| LOW Lowe's Cos Inc. | put | New | 300,000 | $76.4M |
| DAL Delta Air Lines Inc. | call | New | 1,500,000 | $71.8M |
| AAPL Apple Inc. | put | New | 400,000 | $68.6M |
| KWEB Kranesh Csi China Internet | call | New | 2,500,000 | $65.6M |
| CCL Carnival Corp. | call | Sold out | 3,000,000 | $55.6Mbefore exit |
| ULTA Ulta Beauty Inc. | put | New | 100,000 | $52.3M |
| SBUX Starbucks Corp. | call | New | 500,000 | $45.7M |
| GOOGL Alphabet Inc. Class A | put | New | 300,000 | $45.3M |
| COST Costco Wholesale Corp. | put | New | 60,000 | $44.0M |
| XRT SS SPDR S&P Retail ETF | put | Reduce -54.5% | 500,000 | $39.5M |
| AEO American Eagle Outfitters | call | Sold out | 1,800,000 | $38.1Mbefore exit |
| THO Thor Industries Inc. | call | Sold out | 300,000 | $35.5Mbefore exit |
| CTAS Cintas Corp. | put | New | 50,000 | $34.4M |
| EHC Encompass Health Corp. | put | New | 400,000 | $33.0M |
| LULU Lululemon Athletica Inc. | put | New | 75,000 | $29.3M |
| FDX FedEx Corp. | call | New | 100,000 | $29.0M |
| DECK Deckers Outdoor Corp. | put | Sold out | 40,000 | $26.7Mbefore exit |
| COIN Coinbase Global Inc. Class A | put | Reduce -33.3% | 100,000 | $26.5M |
| UBER Uber Technologies Inc. | put | Sold out | 400,000 | $24.6Mbefore exit |
| GM General Motors Co. | call | New | 500,000 | $22.7M |
| RCL Royal Caribbean Cruises Ltd. | call | New | 150,000 | $20.9M |
| ENPH Enphase Energy Inc. | put | Add +50.0% | 150,000 | $18.1M |
| AEO American Eagle Outfitters | put | New | 500,000 | $12.9M |
| KSS Kohls Corp. | put | Reduce -20.0% | 400,000 | $11.7M |
| M Macy's Inc. | call | New | 500,000 | $10.0M |
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 |
|---|---|---|---|
| Q4 2025 | 0 | $0 | |
| Q3 2025 | 39 | $2.6B | UAL, TPR, DAL, AS, CNK |
| Q2 2025 | 51 | $3.0B | AMZN, CNK, MSFT, UAL, AS |
| Q1 2025 | 46 | $2.5B | NFLX, CNK, UAL, META, CSGP |
| Q4 2024 | 52 | $2.8B | UAL, DAL, CNK, AMZN, AS |
| Q3 2024 | 50 | $2.4B | UAL, META, DAL, PFGC, CNK |
| Q2 2024 | 59 | $2.6B | UAL, DAL, SHW, BURL, CNK |
| Q1 2024 | 69 | $3.0B | AMZN, BURL, CRM, PYPL, MNST |