Carronade Capital Management, LP In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Carronade Capital Management, LP reported 22 stock positions worth $5.8 billion . Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 58.3% of the portfolio, followed by Viasat (VSAT, 8.4% ) and Talen Energy (TLN, 5.3% ). Compared with Q1 2026, it opened 5 new positions, sold out of 7, added to 14 and reduced 1. The biggest buy was a new position in SS SPDR S&P 500 ETF Trust-US (SPY) and the biggest sale Cannae (CNNE, shares −1% ).
Location DARIEN, CT
CIK 0001866872
Portfolio Value $5.8B (Q2 2026) Holdings 22 stocks · $5.8B 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 Q1 2026 SPY SS SPDR S&P 500 ETF Trust-US 4,500,000 $3.4B New VSAT Viasat Inc. 5,399,976 $485.0M Add +67.2% TLN Talen Energy Corp. 795,514 $305.7M Add +23.4% CMCSA Comcast Corp. Class A 8,299,000 $203.7M New TDS Telephone and Data Systems 5,319,175 $196.9M Add +15.0% CTRI Centuri Holdings Inc. 5,516,741 $166.8M Add +20.9% BKD Brookdale Senior Living Inc. 9,878,207 $158.9M Add +15.0% VISN Vistance Networks Inc. 11,106,021 $141.9M Add +45.2% ACHC Acadia Healthcare Co. Inc. 4,762,635 $140.6M Add +103.8% SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) 21,384,000 $104.3M No change ECHOSTAR CORP (ECHO 3.875 11/30/30) 27,638,496 $86.1M Add +8.2% VZ Verizon Communications Inc. 2,021,000 $85.6M New ECHO Echostar Corp. Class A 697,709 $70.8M Add +19.7% DHC Diversified Healthcare Trust 6,139,329 $57.1M Add +16.5% BNO United States Brent Oil Fund 1,350,365 $54.9M New CNNE Cannae Holdings Inc. 3,230,148 $46.5M Reduce -1.0% UHS Universal Health Services-B 200,000 $29.7M New SPHR Sphere Entertainment Co. 157,326 $27.2M Add +244.3% CORZ Core Scientific Inc. 992,827 $25.4M Add +882.0% WW WW International Inc.-New filed as WW INTL INC 467,583 $7.5M Add +2.4% CYH Community Health Systems Inc. 1,565,847 $5.2M Add +18.4% BROOKDALE SENIOR LIVING (BKD 2 10/15/26) 2,000,000 $4.0M No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $9.9M (not counted above) Security Class Shares / Principal Value Change VAL.WS Valaris Ltd. -CW28 *W EXP 04/29/202 1,184,013 $9.9M Add +17.7%
Total filed on the 13F, all lines: $5.8B.
Portfolio Sells Q1 2026 → Q2 2026 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 Q1 2026 % Of Portfolio Change To Portfolio ▲ CNNE Cannae Holdings Inc. Reduce -1.0% 0.81% −1.91 OPTU Optimum Communications Inc. Class A Sold out 0.00% −0.63 CPT Camden Property Trust Sold out 0.00% −0.55 VMRK Vivmark Residential Sold out 0.00% −0.53 UDR Udr Inc. Sold out 0.00% −0.52 AVB Avalonbay Communities Inc. Sold out 0.00% −0.49 ESS Essex Property Trust Inc. Sold out 0.00% −0.31 MAA Mid-America Apartment Comm Sold out 0.00% −0.31
Portfolio Buys Q1 2026 → Q2 2026 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 Q1 2026 % Of Portfolio Change To Portfolio ▼ SPY SS SPDR S&P 500 ETF Trust-US New 58.30% +58.30 CMCSA Comcast Corp. Class A New 3.53% +3.53 VZ Verizon Communications Inc. New 1.48% +1.48 BNO United States Brent Oil Fund New 0.95% +0.95 UHS Universal Health Services-B New 0.52% +0.52 CORZ Core Scientific Inc. Add +882.0% 0.44% +0.33 SPHR Sphere Entertainment Co. Add +244.3% 0.47% +0.08 CYH Community Health Systems Inc. Add +18.4% 0.09% −0.19 WW WW International Inc.-New Add +2.4% 0.13% −0.33 ACHC Acadia Healthcare Co. Inc. Add +103.8% 2.44% −1.57 DHC Diversified Healthcare Trust Add +16.5% 0.99% −1.58 VSAT Viasat Inc. Add +67.2% 8.41% −2.44 ECHO Echostar Corp. Class A Add +19.7% 1.23% −3.78 ECHOSTAR CORP (ECHO 3.875 11/30/30) Add +8.2% 1.49% −5.25 BKD Brookdale Senior Living Inc. Add +15.0% 2.76% −5.86 CTRI Centuri Holdings Inc. Add +20.9% 2.89% −6.88 VISN Vistance Networks Inc. Add +45.2% 2.46% −7.75 TLN Talen Energy Corp. Add +23.4% 5.30% −9.79 TDS Telephone and Data Systems Add +15.0% 3.42% −10.87
Options Activity Q1 2026 → Q2 2026 Security Type Change vs Q1 2026 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put Sold out 9,075,000 $5.9Bbefore exit CMCSA Comcast Corp. Class A call Sold out 6,985,200 $200.5Mbefore exit VSAT Viasat Inc. call Sold out 2,039,100 $93.4Mbefore exit ACHC Acadia Healthcare Co. Inc. put Sold out 1,500,000 $35.1Mbefore exit ECHO Echostar Corp. Class A call Sold out 214,700 $25.1Mbefore exit JBLU Jetblue Airways Corp. call Sold out 2,433,500 $10.8Mbefore exit CTRI Centuri Holdings Inc. call Sold out 200,000 $5.8Mbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2026 → Q2 2026 Security Class Change vs Q1 2026 Shares / Principal Value ▼ VAL.WS Valaris Ltd. -CW28 *W EXP 04/29/202 Add +17.7% 1,184,013 $9.9M
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 22 $5.8B SPY, VSAT, TLN, CMCSA, TDS Q1 2026 24 $1.4B TLN, TDS, VSAT, VISN, CTRI Q4 2025 Amended 24 $1.1B TLN, TDS, VSAT, CTRI, ECHOSTAR CORP (ECHO 3.875 11/30/30) Q3 2025 24 $965.9M TLN, TDS, VSAT, CTRI, BKD Q2 2025 Amended 22 $669.0M TLN, TDS, CNNE, GEO, BKD Q1 2025 Amended 24 $589.2M GEO, TRANSOCEAN INTERNTNL LTD (RIG 4 12/15/25 *), CNNE, GBTG, SBGI Q4 2024 Amended 26 $527.2M TLN, TDS, FYBR, GEO, CNNE Q3 2024 22 $337.3M TLN, FYBR, GBTG, TRANSOCEAN INTERNTNL LTD (RIG 4 12/15/25 *), BKLN Q2 2024 17 $265.5M BKLN, TRANSOCEAN INTERNTNL LTD (RIG 4 12/15/25 *), DISH NETWORK CORP (DISH 0 12/15/25), CTRI, GBTG Q1 2024 10 $246.6M BKLN, SWX, TRANSOCEAN INTERNTNL LTD (RIG 4 12/15/25 *), DISH NETWORK CORP (DISH 0 12/15/25), GEO CORRECTIONS HLDGS (GEO 6.5 02/23/26)