Carlson Capital, L.P.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 28, 2026), Carlson Capital, L.P. reported 66 stock positions worth $253.1 million. Its top holding was SWK (SWKH) at 57.1% of the portfolio, followed by Pinnacle Financial Partners (PNFP, 2.0%) and Huntington Bancshares (HBAN, 1.8%). Compared with Q4 2025, it opened 32 new positions, sold out of 28, added to 31 and reduced 1. The biggest buy was a new position in Pinnacle Financial Partners (PNFP) and the biggest sale an exit from Cyberark Software Ltd./Israel (CYBR).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001056973
- Portfolio Value
- $253.1M (Q1 2026)
- SEC Filing
- 0001056973-26-000005 ↗ filed May 28, 2026
Holdings Value
Holdings 66 stocks · $253.1M
| SWKH SWK Holdings Corp. filed as SWK HLDGS CORP | 57.08% | 8,493,088 | $144.5M | No change |
| PNFP Pinnacle Financial Partners | 2.05% | 60,134 | $5.2M | New |
| HBAN Huntington Bancshares Inc. | 1.76% | 284,482 | $4.5M | Add +153.3% |
| CFR Cullen/Frost Bankers Inc. | 1.56% | 28,818 | $4.0M | Add +120.0% |
| WFC Wells Fargo & Co. | 1.43% | 45,528 | $3.6M | New |
| SEE Sealed Air Corp. | 1.26% | 76,000 | $3.2M | Add +40.7% |
| HD Home Depot Inc. | 1.23% | 9,477 | $3.1M | Add +312.0% |
| EA Electronic Arts Inc. | 1.09% | 13,500 | $2.8M | Add +12.5% |
| WBS Webster Financial Corp. | 1.07% | 39,000 | $2.7M | New |
| WBD Warner Bros Discovery Inc. | 1.04% | 96,000 | $2.6M | Add +140.0% |
| CVX Chevron Corp. | 1.04% | 12,713 | $2.6M | Add +33.8% |
| EXE Expand Energy Corp. | 1.03% | 23,734 | $2.6M | New |
| NSC Norfolk Southern Corp. | 0.99% | 8,700 | $2.5M | Add +52.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.93% | 48,160 | $2.3M | Add +225.4% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.87% | 42,822 | $2.2M | New |
| PSX Phillips 66 | 0.85% | 11,757 | $2.1M | Add +256.3% |
| MTDR Matador Resources Co. | 0.84% | 33,757 | $2.1M | Add +73.1% |
| TFC Truist Financial Corp. | 0.81% | 44,600 | $2.1M | New |
| UPS United Parcel Service Class B | 0.80% | 20,706 | $2.0M | Add +290.7% |
| OVV Ovintiv Inc. | 0.80% | 34,306 | $2.0M | Add +60.3% |
| ACI Albertsons Cos Inc. Class A | 0.80% | 119,200 | $2.0M | Add +138.4% |
| ICE Intercontinental Exchange Inc. | 0.80% | 12,900 | $2.0M | New |
| AZO AutoZone Inc. | 0.80% | 600 | $2.0M | Add +200.0% |
| STT State Street Corp. | 0.77% | 15,413 | $2.0M | Add +156.9% |
| JPM JPMorgan Chase & Co. | 0.76% | 6,515 | $1.9M | Add +27.8% |
| CLX Clorox Company | 0.74% | 18,050 | $1.9M | Add +122.8% |
| FND Floor & Decor Holdings Inc. Class A | 0.73% | 36,478 | $1.9M | Add +199.0% |
| COLB Columbia Banking System Inc. | 0.72% | 66,509 | $1.8M | New |
| PG The Procter & Gamble Co. | 0.71% | 12,400 | $1.8M | New |
| ONB Old National Bancorp | 0.69% | 78,443 | $1.7M | Add +106.4% |
| HAL Halliburton Co. | 0.68% | 44,229 | $1.7M | New |
| SSB Southstate Bank Corp. | 0.66% | 18,098 | $1.7M | Add +86.6% |
| NDAQ Nasdaq Inc. | 0.66% | 19,700 | $1.7M | New |
| WHD Cactus Inc. Class A | 0.64% | 34,018 | $1.6M | New |
| CBRE CBRE Group Inc. Class A | 0.64% | 11,882 | $1.6M | New |
| MDLZ Mondelez International Inc. Class A | 0.63% | 27,600 | $1.6M | Add +122.6% |
| SFNC Simmons First Natl Corp. Class A | 0.60% | 78,624 | $1.5M | Add +191.2% |
| MS Morgan Stanley | 0.56% | 8,682 | $1.4M | New |
| COST Costco Wholesale Corp. | 0.55% | 1,405 | $1.4M | Add +75.6% |
| GDEN Golden Entertainment Inc. | 0.53% | 50,000 | $1.3M | Add +66.7% |
| BHF Brighthouse Financial Inc. | 0.52% | 22,000 | $1.3M | Add +41.9% |
| FHN First Horizon Corp. | 0.52% | 57,702 | $1.3M | Add +98.3% |
| TPH Tri Pointe Homes Inc. | 0.48% | 26,000 | $1.2M | New |
| HOLX Hologic Inc. | 0.48% | 16,000 | $1.2M | Reduce -15.8% |
| APLS Apellis Pharmaceuticals Inc. | 0.48% | 30,000 | $1.2M | New |
| JHG Janus Henderson Group PLC | 0.47% | 23,000 | $1.2M | New |
| OII Oceaneering Intl Inc. | 0.46% | 32,800 | $1.2M | Add +2.5% |
| DKS Dick's Sporting Goods Inc. | 0.42% | 5,333 | $1.1M | New |
| IMXI International Money Express | 0.41% | 65,000 | $1.0M | No change |
| PEN Penumbra Inc. | 0.34% | 2,600 | $854K | New |
| SLAB Silicon Laboratories Inc. | 0.30% | 3,700 | $770K | New |
| BRBR Bellring Brands Inc. | 0.26% | 41,000 | $660K | New |
| TERN Terns Pharmaceuticals Inc. | 0.25% | 12,000 | $633K | New |
| AAUC Allied Gold Corp. | 0.24% | 20,000 | $619K | New |
| FOLD Amicus Therapeutics Inc. | 0.24% | 42,000 | $607K | New |
| CYTK Cytokinetics Inc. | 0.23% | 9,000 | $593K | Add +60.7% |
| KBR KBR Inc. | 0.23% | 15,800 | $582K | New |
| TIC Tic Solutions Inc. | 0.23% | 87,000 | $572K | New |
| RKT Rocket Cos Inc. Class A | 0.21% | 37,500 | $534K | New |
| WLFC Willis Lease Finance Corp. | 0.21% | 3,100 | $528K | New |
| LEG Leggett & Platt Inc. | 0.21% | 53,000 | $524K | Add +165.0% |
| AON Aon PLC Class A | 0.14% | 1,100 | $355K | Add +83.3% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.14% | 1,600 | $347K | New |
| MRSH Marsh & McLennan Cos | 0.13% | 1,900 | $330K | New |
| WTW Willis Towers Watson PLC | 0.13% | 1,100 | $320K | New |
| LWAY Lifeway Foods Inc. | 0.08% | 10,000 | $193K | New |
Options reported separately and not counted above: HYG puts ($58.1M), SOFI puts ($3.0M), TSLA puts ($1.9M), AFRM puts ($916K), PZZA calls ($486K), QS puts ($447K).
Portfolio Sells Q4 2025 → Q1 2026
| CYBR Cyberark Software Ltd./Israel | Sold out | 0.00% | −1.42 |
| SNV Synovus Financial Corp. | Sold out | 0.00% | −1.31 |
| FYBR Frontier Communications Pare | Sold out | 0.00% | −1.25 |
| EXAS Exact Sciences Corp. | Sold out | 0.00% | −0.98 |
| RNAM Avidity Biosciences Inc. | Sold out | 0.00% | −0.98 |
| CDTX Cidara Therapeutics Inc. | Sold out | 0.00% | −0.75 |
| ALEX Alexander & Baldwin Inc. | Sold out | 0.00% | −0.72 |
| TXN Texas Instruments Inc. | Sold out | 0.00% | −0.59 |
| GTLS Chart Industries Inc. | Sold out | 0.00% | −0.50 |
| EOG EOG Resources Inc. | Sold out | 0.00% | −0.39 |
| LW Lamb Weston Holdings Inc. | Sold out | 0.00% | −0.39 |
| PNC PNC Financial Services Group | Sold out | 0.00% | −0.38 |
| RL Ralph Lauren Corp. | Sold out | 0.00% | −0.38 |
| SUNC Sunococorp LLC | Sold out | 0.00% | −0.36 |
| XLE SS Energy Select Sector | Sold out | 0.00% | −0.34 |
| FRGE Forge Global Holdings Inc. | Sold out | 0.00% | −0.33 |
| KNF Knife River Corp. | Sold out | 0.00% | −0.33 |
| FANG Diamondback Energy Inc. | Sold out | 0.00% | −0.32 |
| NVRI Enviri Corp. | Sold out | 0.00% | −0.30 |
| BRSL Brightstar Lottery PLC | Sold out | 0.00% | −0.29 |
| AMTM Amentum Holdings Inc. | Sold out | 0.00% | −0.27 |
| AD Array Digital Infrastructure | Sold out | 0.00% | −0.24 |
| NGD New Gold Inc. | Sold out | 0.00% | −0.21 |
| HOLX Hologic Inc. | Reduce -15.8% | 0.48% | −0.21 |
| LOCO El Pollo Loco Holdings Inc. | Sold out | 0.00% | −0.20 |
| TDS Telephone and Data Systems | Sold out | 0.00% | −0.18 |
| LION Lionsgate Studios Corp. | Sold out | 0.00% | −0.13 |
| ANNA Aleanna Inc. | Sold out | 0.00% | −0.13 |
| TRUE Truecar Inc. | Sold out | 0.00% | −0.04 |
Portfolio Buys Q4 2025 → Q1 2026
| PNFP Pinnacle Financial Partners | New | 2.05% | +2.05 |
| WFC Wells Fargo & Co. | New | 1.43% | +1.43 |
| WBS Webster Financial Corp. | New | 1.07% | +1.07 |
| EXE Expand Energy Corp. | New | 1.03% | +1.03 |
| SLB SLB Ltd. | New | 0.87% | +0.87 |
| HD Home Depot Inc. | Add +312.0% | 1.23% | +0.85 |
| HBAN Huntington Bancshares Inc. | Add +153.3% | 1.76% | +0.82 |
| TFC Truist Financial Corp. | New | 0.81% | +0.81 |
| ICE Intercontinental Exchange Inc. | New | 0.80% | +0.80 |
| CFR Cullen/Frost Bankers Inc. | Add +120.0% | 1.56% | +0.76 |
| COLB Columbia Banking System Inc. | New | 0.72% | +0.72 |
| PG The Procter & Gamble Co. | New | 0.71% | +0.71 |
| HAL Halliburton Co. | New | 0.68% | +0.68 |
| NDAQ Nasdaq Inc. | New | 0.66% | +0.66 |
| PSX Phillips 66 | Add +256.3% | 0.85% | +0.64 |
| WHD Cactus Inc. Class A | New | 0.64% | +0.64 |
| CBRE CBRE Group Inc. Class A | New | 0.64% | +0.64 |
| MS Morgan Stanley | New | 0.56% | +0.56 |
| UPS United Parcel Service Class B | Add +290.7% | 0.80% | +0.55 |
| BAC Bank of America Corp. | Add +225.4% | 0.93% | +0.53 |
| WBD Warner Bros Discovery Inc. | Add +140.0% | 1.04% | +0.48 |
| TPH Tri Pointe Homes Inc. | New | 0.48% | +0.48 |
| APLS Apellis Pharmaceuticals Inc. | New | 0.48% | +0.48 |
| AZO AutoZone Inc. | Add +200.0% | 0.80% | +0.47 |
| JHG Janus Henderson Group PLC | New | 0.47% | +0.47 |
| MTDR Matador Resources Co. | Add +73.1% | 0.84% | +0.44 |
| DKS Dick's Sporting Goods Inc. | New | 0.42% | +0.42 |
| OVV Ovintiv Inc. | Add +60.3% | 0.80% | +0.40 |
| STT State Street Corp. | Add +156.9% | 0.77% | +0.40 |
| ACI Albertsons Cos Inc. Class A | Add +138.4% | 0.80% | +0.39 |
| FND Floor & Decor Holdings Inc. Class A | Add +199.0% | 0.73% | +0.37 |
| SFNC Simmons First Natl Corp. Class A | Add +191.2% | 0.60% | +0.36 |
| CLX Clorox Company | Add +122.8% | 0.74% | +0.34 |
| CVX Chevron Corp. | Add +33.8% | 1.04% | +0.34 |
| PEN Penumbra Inc. | New | 0.34% | +0.34 |
| MDLZ Mondelez International Inc. Class A | Add +122.6% | 0.63% | +0.31 |
| SLAB Silicon Laboratories Inc. | New | 0.30% | +0.30 |
| ONB Old National Bancorp | Add +106.4% | 0.69% | +0.28 |
| BRBR Bellring Brands Inc. | New | 0.26% | +0.26 |
| TERN Terns Pharmaceuticals Inc. | New | 0.25% | +0.25 |
| AAUC Allied Gold Corp. | New | 0.24% | +0.24 |
| FOLD Amicus Therapeutics Inc. | New | 0.24% | +0.24 |
| KBR KBR Inc. | New | 0.23% | +0.23 |
| TIC Tic Solutions Inc. | New | 0.23% | +0.23 |
| SSB Southstate Bank Corp. | Add +86.6% | 0.66% | +0.22 |
| COST Costco Wholesale Corp. | Add +75.6% | 0.55% | +0.22 |
| RKT Rocket Cos Inc. Class A | New | 0.21% | +0.21 |
| WLFC Willis Lease Finance Corp. | New | 0.21% | +0.21 |
| NSC Norfolk Southern Corp. | Add +52.6% | 0.99% | +0.19 |
| FHN First Horizon Corp. | Add +98.3% | 0.52% | +0.18 |
Options Activity Q4 2025 → Q1 2026
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Reduce -4.0% | 730,000 | $58.1M |
| SOFI Sofi Technologies Inc. | put | Add +111.1% | 190,000 | $3.0M |
| CVNA Carvana Co. | put | Sold out | 7,000 | $3.0Mbefore exit |
| TSLA Tesla Inc. | put | Add +150.0% | 5,000 | $1.9M |
| IBIT iShares Bitcoin Trust ETF | call | Sold out | 30,000 | $1.5Mbefore exit |
| AFRM Affirm Holdings Inc. | put | Reduce -66.7% | 20,000 | $916K |
| CYTK Cytokinetics Inc. | call | Sold out | 10,000 | $635Kbefore exit |
| PZZA Papa John's Intl Inc. | call | New | 15,000 | $486K |
| QS Quantumscape Corp. | put | Reduce -36.4% | 70,000 | $447K |
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 | 67 | $485.2M | HBAN, WFC, PNFP, COF, JPM |
| Q1 2026 | 66 | $253.1M | SWKH, PNFP, HBAN, CFR, WFC |
| Q4 2025 | 62 | $206.8M | SWKH, CYBR, SNV, FYBR, EA |
| Q3 2025 | 55 | $176.5M | SWKH, K, VRNA, COOP, FYBR |
| Q2 2025 | 57 | $175.9M | SWKH, K, HES, COOP, RDFN |
| Q1 2025 | 35 | $179.0M | SWKH, HES, DFS, ITCI, K |
| Q4 2024 | 32 | $169.6M | SWKH, HES, BAC, HYG, K |
| Q3 2024 | 4 | $165.9M | SWKH, GLATFELTER CORP, HES, TFFP |
| Q2 2024 | 92 | $640.4M | SWKH, HES, CFG, LEN, HUBS |
| Q1 2024 | 109 | $1.2B | SWKH, HES, PXD, DOOR, CPRI |