Carnegie Lake Advisors LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 29, 2026), Carnegie Lake Advisors LLC reported 165 stock positions worth $249.8 million. Its top holding was Apple (AAPL) at 4.9% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 4.6%) and Microsoft (MSFT, 4.4%). Compared with Q4 2025, it opened 8 new positions, sold out of 8, added to 23 and reduced 66. The biggest buy was a new position in Amrize (AMRZ) and the biggest sale an exit from Kinder Morgan (KMI).
- Most Recent 13F
- Q2 2026
- Location
- PRINCETON, NJ
- CIK
- 0002043591
- Portfolio Value
- $249.8M (Q1 2026)
- SEC Filing
- 0002043591-26-000002 ↗ filed Apr 29, 2026
Holdings Value
Holdings 165 stocks · $249.8M
| AAPL Apple Inc. | 4.90% | 48,226 | $12.2M | Reduce -2.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 4.65% | 24,220 | $11.6M | Reduce -0.5% |
| MSFT Microsoft Corp. | 4.38% | 29,559 | $10.9M | Add +3.6% |
| SYK Stryker Corp. | 3.57% | 27,169 | $8.9M | No change |
| AMGN Amgen Inc. | 3.29% | 23,345 | $8.2M | No change |
| GOOG Alphabet Inc. Class C | 3.14% | 27,302 | $7.8M | Reduce -2.1% |
| PH Parker Hannifin Corp. | 2.98% | 8,316 | $7.4M | Reduce -0.7% |
| WCC Wesco International Inc. | 2.66% | 24,280 | $6.6M | Reduce -22.2% |
| UNH Unitedhealth Group Inc. | 2.65% | 24,446 | $6.6M | Reduce -0.1% |
| JPM JPMorgan Chase & Co. | 2.49% | 21,164 | $6.2M | Add +2.4% |
| COST Costco Wholesale Corp. | 2.39% | 5,992 | $6.0M | No change |
| HD Home Depot Inc. | 1.89% | 14,341 | $4.7M | Add +0.0% |
| CNX CNX Resources Corp. | 1.83% | 118,375 | $4.6M | Reduce -4.4% |
| CSCO Cisco Systems Inc. | 1.70% | 54,873 | $4.3M | No change |
| ISRG Intuitive Surgical Inc. | 1.67% | 9,075 | $4.2M | No change |
| WMT Walmart Inc. | 1.50% | 30,081 | $3.7M | No change |
| CVX Chevron Corp. | 1.44% | 17,414 | $3.6M | Reduce -5.7% |
| GOOGL Alphabet Inc. Class A | 1.44% | 12,485 | $3.6M | No change |
| JNJ Johnson & Johnson | 1.38% | 14,089 | $3.4M | Reduce -3.0% |
| INGR Ingredion Inc. | 1.32% | 29,275 | $3.3M | No change |
| BN Brookfield Corp. | 1.22% | 75,209 | $3.0M | No change |
| TEVA Teva Pharmaceutical-SP ADR | 1.21% | 100,400 | $3.0M | No change |
| AMZN Amazon.com Inc. | 1.19% | 14,324 | $3.0M | Reduce -1.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.09% | 28,258 | $2.7M | Reduce -6.3% |
| COLD Americold Realty Trust Inc. | 1.08% | 235,361 | $2.7M | Add +63.9% |
| WMB Williams Cos Inc. | 0.98% | 33,750 | $2.5M | No change |
| NOBL Proshares S&P 500 Dividend A | 0.97% | 22,954 | $2.4M | Reduce -12.7% |
| KO The Coca-Cola Co. | 0.95% | 31,080 | $2.4M | No change |
| FERG Ferguson Enterprises Inc. | 0.92% | 9,865 | $2.3M | Reduce -3.3% |
| AVGO Broadcom Inc. | 0.92% | 7,390 | $2.3M | Reduce -0.7% |
| PFS Provident Financial Services | 0.91% | 106,958 | $2.3M | No change |
| WSC Willscot Holdings Corp. | 0.87% | 125,030 | $2.2M | Reduce -1.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.86% | 44,167 | $2.2M | Reduce -2.2% |
| NKE Nike Inc. Class B | 0.80% | 37,975 | $2.0M | Reduce -1.4% |
| MCD McDonald's Corp. | 0.77% | 6,224 | $1.9M | Reduce -0.4% |
| PEP Pepsico Inc. | 0.73% | 11,674 | $1.8M | No change |
| PG The Procter & Gamble Co. | 0.66% | 11,349 | $1.6M | No change |
| AZO AutoZone Inc. | 0.62% | 461 | $1.6M | No change |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.61% | 12,888 | $1.5M | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.61% | 6,292 | $1.5M | Add +59.3% |
| ENB Enbridge Inc. | 0.60% | 27,792 | $1.5M | Reduce -0.4% |
| OCSL Oaktree Specialty Lending Co. | 0.59% | 131,340 | $1.5M | Reduce -0.1% |
| PFE Pfizer Inc. | 0.58% | 51,518 | $1.4M | Reduce -3.3% |
| GE General Electric filed as GE AEROSPACE | 0.57% | 5,039 | $1.4M | No change |
| BMY Bristol-Myers Squibb Co. | 0.56% | 23,077 | $1.4M | Reduce -0.9% |
| BCC Boise Cascade Co. | 0.49% | 16,130 | $1.2M | Reduce -2.2% |
| BA The Boeing Co. | 0.49% | 6,106 | $1.2M | Reduce -1.6% |
| ARMK Aramark | 0.46% | 28,550 | $1.2M | No change |
| BX Blackstone Inc. | 0.46% | 9,900 | $1.1M | Add +15.7% |
| INTC Intel Corp. | 0.45% | 25,693 | $1.1M | Reduce -1.7% |
| BLDR Builders Firstsource Inc. | 0.45% | 13,544 | $1.1M | No change |
| STWD Starwood Property Trust Inc. | 0.45% | 64,693 | $1.1M | Reduce -11.3% |
| WPC WP Carey Inc. | 0.44% | 16,286 | $1.1M | Reduce -0.6% |
| GEV GE Vernova Inc. | 0.44% | 1,258 | $1.1M | No change |
| MRK Merck & Co. Inc. | 0.44% | 9,120 | $1.1M | Add +0.6% |
| CB Chubb Ltd. | 0.43% | 3,325 | $1.1M | No change |
| NVDA Nvidia Corp. | 0.42% | 6,053 | $1.1M | Add +3.4% |
| GDX Vaneck Gold Miners ETF | 0.42% | 11,500 | $1.1M | Reduce -10.8% |
| UTG Reaves Utility Income Fund | 0.42% | 26,447 | $1.0M | Reduce -8.1% |
| WFC Wells Fargo & Co. | 0.41% | 12,941 | $1.0M | No change |
| RSG Republic Services Inc. | 0.40% | 4,600 | $1.0M | No change |
| PBH Prestige Consumer Healthcare | 0.40% | 16,794 | $995K | Reduce -5.5% |
| UPS United Parcel Service Class B | 0.40% | 10,080 | $992K | Reduce -4.3% |
| INVH Invitation Homes Inc. | 0.40% | 39,773 | $988K | Add +15.5% |
| ADP Automatic Data Processing | 0.39% | 4,854 | $986K | Reduce -0.8% |
| SEE Sealed Air Corp. | 0.39% | 23,196 | $975K | No change |
| MDT Medtronic PLC | 0.39% | 11,206 | $971K | Reduce -0.4% |
| AMRZ Amrize Ltd. | 0.39% | 17,175 | $962K | New |
| C Citigroup Inc. | 0.38% | 8,438 | $957K | Add +0.6% |
| RXST Rxsight Inc. | 0.38% | 154,745 | $953K | Reduce -4.4% |
| UBER Uber Technologies Inc. | 0.38% | 13,225 | $951K | New |
| XOM Exxon Mobil Corp. | 0.37% | 5,433 | $922K | Reduce -2.8% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.36% | 10,000 | $901K | No change |
| OEC Orion SA | 0.35% | 135,471 | $881K | Reduce -1.4% |
| ZTS Zoetis Inc. | 0.35% | 7,424 | $878K | No change |
| META Meta Platforms Inc. Class A | 0.34% | 1,500 | $858K | Reduce -1.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.34% | 2,644 | $848K | Add +0.1% |
| JEPI JPMorgan Equity Premium Inco | 0.34% | 14,787 | $838K | Reduce -1.6% |
| ARCC Ares Capital Corp. | 0.33% | 45,434 | $819K | Reduce -31.3% |
| LMT Lockheed Martin Corp. | 0.33% | 1,350 | $816K | No change |
| AVTR Avantor Inc. | 0.33% | 103,600 | $812K | Add +62.9% |
| SKYY First Trust Cloud Computing | 0.32% | 7,287 | $797K | Reduce -5.7% |
| PSLV Sprott Physical Silver Trust | 0.31% | 31,825 | $776K | Reduce -49.3% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.31% | 20,900 | $768K | Reduce -1.3% |
| EOG EOG Resources Inc. | 0.30% | 5,138 | $743K | Reduce -3.0% |
| CGGR Cap Group Growth Equity | 0.30% | 18,369 | $738K | Add +2.5% |
| VUSB Vanguard Ultra Short Bond Et | 0.29% | 14,699 | $732K | Add +5.0% |
| GPK Graphic Packaging Holding Co. | 0.29% | 73,150 | $727K | Add +0.1% |
| MHK Mohawk Industries Inc. | 0.29% | 7,350 | $724K | No change |
| MTG Mgic Investment Corp. | 0.28% | 26,829 | $704K | Reduce -0.9% |
| TD Toronto-Dominion Bank | 0.27% | 7,299 | $681K | No change |
| LBRDK Liberty Broadband-C | 0.26% | 12,921 | $650K | No change |
| T AT&T Inc. | 0.26% | 22,350 | $648K | No change |
| BAM Brookfield Asset Mgmt-A | 0.25% | 14,301 | $636K | No change |
| MAA Mid-America Apartment Comm | 0.25% | 5,100 | $623K | New |
| FNV Franco-Nevada Corp. | 0.25% | 2,500 | $618K | No change |
| APA Apa Corp. | 0.24% | 14,000 | $594K | Reduce -37.5% |
| GGN Gamco GLBL Gold NTRL Res Inc. | 0.24% | 111,481 | $593K | No change |
| NOW ServiceNow Inc. | 0.24% | 5,670 | $593K | Add +17.6% |
| VZ Verizon Communications Inc. | 0.23% | 11,393 | $572K | Reduce -3.0% |
Options reported separately and not counted above: QYLD calls ($39K).
Other holdings (1): bonds, preferreds, convertibles and warrants · $2.0M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) | PFD CV TR SEC 28 | 58,310 | $2.0M | New |
Total filed on the 13F, all lines: $251.7M.
Portfolio Sells Q4 2025 → Q1 2026
| KMI Kinder Morgan Inc. | Sold out | 0.00% | −0.63 |
| UNH Unitedhealth Group Inc. | Reduce -0.1% | 2.65% | −0.43 |
| RXST Rxsight Inc. | Reduce -4.4% | 0.38% | −0.26 |
| PSLV Sprott Physical Silver Trust | Reduce -49.3% | 0.31% | −0.25 |
| WCC Wesco International Inc. | Reduce -22.2% | 2.66% | −0.25 |
| WBD Warner Bros Discovery Inc. | Sold out | 0.00% | −0.25 |
| DIS The Walt Disney Co. | Reduce -6.3% | 1.09% | −0.22 |
| AAPL Apple Inc. | Reduce -2.3% | 4.90% | −0.21 |
| GOOG Alphabet Inc. Class C | Reduce -2.1% | 3.14% | −0.20 |
| ARCC Ares Capital Corp. | Reduce -31.3% | 0.33% | −0.18 |
| TNL Travel + Leisure Co. | Sold out | 0.00% | −0.15 |
| NKE Nike Inc. Class B | Reduce -1.4% | 0.80% | −0.13 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -1.3% | 0.31% | −0.10 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.09 |
| AMZN Amazon.com Inc. | Reduce -1.9% | 1.19% | −0.09 |
| FSK FS KKR Capital Corp. | Reduce -2.9% | 0.21% | −0.09 |
| SOFI Sofi Technologies Inc. | Reduce -5.1% | 0.13% | −0.09 |
| ADP Automatic Data Processing | Reduce -0.8% | 0.39% | −0.08 |
| BAC Bank of America Corp. | Reduce -2.2% | 0.86% | −0.08 |
| NGD New Gold Inc. | Sold out | 0.00% | −0.08 |
| CG The Carlyle Group Inc. | Sold out | 0.00% | −0.08 |
| JPEF JPMorgan Equity Focus ETF | Sold out | 0.00% | −0.08 |
| XLF SS Financial Select Sector | Reduce -24.3% | 0.19% | −0.07 |
| NOBL Proshares S&P 500 Dividend A | Reduce -12.7% | 0.97% | −0.07 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -21.8% | 0.18% | −0.07 |
| AVGO Broadcom Inc. | Reduce -0.7% | 0.92% | −0.07 |
| SKYY First Trust Cloud Computing | Reduce -5.7% | 0.32% | −0.06 |
| STWD Starwood Property Trust Inc. | Reduce -11.3% | 0.45% | −0.05 |
| PGX Invesco Preferred ETF | Sold out | 0.00% | −0.05 |
| WSC Willscot Holdings Corp. | Reduce -1.9% | 0.87% | −0.04 |
| OCSL Oaktree Specialty Lending Co. | Reduce -0.1% | 0.59% | −0.04 |
| META Meta Platforms Inc. Class A | Reduce -1.0% | 0.34% | −0.04 |
| BA The Boeing Co. | Reduce -1.6% | 0.49% | −0.03 |
| CLF Cleveland-Cliffs Inc. | Reduce -9.8% | 0.04% | −0.02 |
| MDT Medtronic PLC | Reduce -0.4% | 0.39% | −0.02 |
| MTG Mgic Investment Corp. | Reduce -0.9% | 0.28% | −0.02 |
| PBH Prestige Consumer Healthcare | Reduce -5.5% | 0.40% | −0.02 |
| RITM Rithm Capital Corp. | Reduce -5.5% | 0.11% | −0.02 |
| UMH Umh Properties Inc. | Reduce -3.1% | 0.18% | −0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.5% | 4.65% | −0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -15.7% | 0.11% | −0.01 |
| STT State Street Corp. | Reduce -5.4% | 0.19% | −0.00 |
| KIO KKR Income Opportunities | Reduce -1.1% | 0.19% | −0.00 |
| IVV iShares Core S&P 500 ETF | Reduce -1.4% | 0.11% | −0.00 |
| UPS United Parcel Service Class B | Reduce -4.3% | 0.40% | −0.00 |
| OKE Oneok Inc. | Reduce -22.4% | 0.10% | +0.00 |
| GDX Vaneck Gold Miners ETF | Reduce -10.8% | 0.42% | +0.00 |
| GCV Gabelli Convert & Inc. Sec | Reduce -2.6% | 0.03% | +0.00 |
| CC The Chemours Co. | Reduce -48.4% | 0.14% | +0.00 |
| PEG Public Service Enterprise GP | Reduce -1.9% | 0.08% | +0.00 |
Portfolio Buys Q4 2025 → Q1 2026
| AMRZ Amrize Ltd. | New | 0.39% | +0.39 |
| UBER Uber Technologies Inc. | New | 0.38% | +0.38 |
| COLD Americold Realty Trust Inc. | Add +63.9% | 1.08% | +0.38 |
| MAA Mid-America Apartment Comm | New | 0.25% | +0.25 |
| IBM Intl Business Machines Corp. | Add +59.3% | 0.61% | +0.17 |
| CDP Copt Defense Properties | New | 0.16% | +0.16 |
| CDE Coeur Mining Inc. | New | 0.10% | +0.10 |
| OXY Occidental Petroleum Corp. | New | 0.09% | +0.09 |
| COP Conocophillips | New | 0.09% | +0.09 |
| MRK Merck & Co. Inc. | Add +0.6% | 0.44% | +0.08 |
| UNP Union Pacific Corp. | Add +49.1% | 0.15% | +0.06 |
| AVTR Avantor Inc. | Add +62.9% | 0.33% | +0.05 |
| AEM Agnico Eagle Mines Ltd. | Add +11.0% | 0.16% | +0.05 |
| INVH Invitation Homes Inc. | Add +15.5% | 0.40% | +0.03 |
| VUSB Vanguard Ultra Short Bond Et | Add +5.0% | 0.29% | +0.03 |
| OPEN Opendoor Technologies Inc. | New | 0.03% | +0.03 |
| CGDV Cap Group Dividend Value | Add +5.4% | 0.15% | +0.01 |
| C Citigroup Inc. | Add +0.6% | 0.38% | +0.01 |
| PCT Purecycle Technologies Inc. | Add +101.4% | 0.05% | +0.01 |
| HD Home Depot Inc. | Add +0.0% | 1.89% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Add +8.4% | 0.12% | +0.01 |
| NVDA Nvidia Corp. | Add +3.4% | 0.42% | +0.01 |
| JEPQ JPM Nasdaq Equity Premium | Add +1.2% | 0.18% | +0.00 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.1% | 0.34% | +0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.1% | 0.18% | +0.00 |
| CGGR Cap Group Growth Equity | Add +2.5% | 0.30% | −0.01 |
| NOW ServiceNow Inc. | Add +17.6% | 0.24% | −0.04 |
| JPM JPMorgan Chase & Co. | Add +2.4% | 2.49% | −0.04 |
| BX Blackstone Inc. | Add +15.7% | 0.46% | −0.05 |
| GPK Graphic Packaging Holding Co. | Add +0.1% | 0.29% | −0.13 |
| MSFT Microsoft Corp. | Add +3.6% | 4.38% | −0.87 |
Options Activity Q4 2025 → Q1 2026
| QYLD Global X Nasd 100 Cov Call | call | New | 225,000 | $39K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2025 → Q1 2026
| EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) | PFD CV TR SEC 28 | New | 58,310 | $2.0M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 167 | $268.2M | AAPL, BRK.B, MSFT, UNH, SYK |
| Q1 2026 | 165 | $249.8M | AAPL, BRK.B, MSFT, SYK, AMGN |
| Q4 2025 | 165 | $262.6M | MSFT, AAPL, BRK.B, SYK, GOOG |
| Q3 2025 | 166 | $259.9M | MSFT, BRK.B, AAPL, SYK, UNH |
| Q2 2025 | 163 | $252.6M | MSFT, BRK.B, SYK, AAPL, UNH |
| Q1 2025 | 162 | $246.4M | BRK.B, UNH, MSFT, AAPL, SYK |
| Q4 2024 | 163 | $247.8M | MSFT, BRK.B, UNH, AAPL, SYK |
| Q3 2024 | 157 | $252.7M | UNH, MSFT, BRK.B, AAPL, SYK |