In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Cartenna Capital, LP reported 31 stock positions worth $1.1 billion . Its top holding was Norfolk Southern (NSC) at 8.1% of the portfolio, followed by Parker Hannifin (PH, 6.2% ) and Cyberark Software Ltd./Israel (CYBR, 6.1% ). Compared with Q4 2023, it opened 14 new positions, sold out of 16, added to 11 and reduced 6. The biggest buy was Norfolk Southern (NSC, shares +258% ) and the biggest sale an exit from Union Pacific (UNP).
Location STAMFORD, CT
CIK 0001808928
Portfolio Value $1.1B (Q1 2024) Holdings 31 stocks · $1.1B 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 2023 NSC Norfolk Southern Corp. 340,000 $86.7M Add +257.9% PH Parker Hannifin Corp. 118,500 $65.9M Add +0.8% CYBR Cyberark Software Ltd./Israel 245,000 $65.1M Add +571.5% TDG Transdigm Group Inc. 51,500 $63.4M Add +14.4% MSFT Microsoft Corp. 150,000 $63.1M Add +66.7% JCI Johnson Controls Internation 840,000 $54.9M Add +40.0% APH Amphenol Corp. Class A 440,000 $50.8M Add +780.0% TTWO Take-Two Interactive Softwre 330,000 $49.0M Reduce -13.2% KBR KBR Inc. 720,000 $45.8M Reduce -4.6% XPO Xpo Inc. 360,000 $43.9M New WCN Waste Connections Inc. 218,478 $37.6M Reduce -7.0% AMZN Amazon.com Inc. 205,000 $37.0M Reduce -25.4% LHX L3HARRIS Technologies Inc. 150,000 $32.0M Add +87.5% CSX CSX Corp. 850,000 $31.5M New ATI Ati Inc. 600,000 $30.7M Add +37.9% AVY Avery Dennison Corp. 137,500 $30.7M New ETN Eaton Corp. PLC 90,000 $28.1M Reduce -56.1% FTDR Frontdoor Inc. 825,000 $26.9M Add +10.0% XME SS SPDR S&P Metals Mining 400,000 $24.1M New TGT Target Corp. 135,000 $23.9M New SAIA Saia Inc. 39,213 $22.9M New SIX Six Flags Entertainment Corp. 785,000 $20.7M New GLNG Golar LNG Ltd. 850,000 $20.5M New CRWD CrowdStrike Holdings Inc. Class A 60,000 $19.2M New ZBRA Zebra Technologies Corp. Class A 63,500 $19.1M New FLR Fluor Corp. 445,000 $18.8M New GE General Electric 85,000 $14.9M New ENPH Enphase Energy Inc. 100,000 $12.1M Add +300.0% MMM 3M Co. 110,000 $11.7M New BLDR Builders Firstsource Inc. 50,000 $10.4M Reduce -72.2% VRT Vertiv Holdings Co. Class A 30,000 $2.5M New
Options reported separately and not counted above: STATE STR SPDR S&P 500 ETF T puts ($496.9M), SPDR SERIES TRUST puts ($126.4M), TAKE-TWO INTERACTIVE SOFTWAR calls ($96.5M), KBR INC calls ($25.5M), JOHNSON CONTROLS INTERNATION calls ($19.6M).
Portfolio Sells Q4 2023 → Q1 2024 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 2023 % Of Portfolio Change To Portfolio ▲ UNP Union Pacific Corp. Sold out 0.00% −7.72 LOW Lowe's Cos Inc. Sold out 0.00% −5.13 WSO Watsco Inc. Sold out 0.00% −4.77 AZO AutoZone Inc. Sold out 0.00% −3.66 CCK Crown Holdings Inc. Sold out 0.00% −3.52 ETN Eaton Corp. PLC Reduce -56.1% 2.65% −2.52 DE Deere & Co. Sold out 0.00% −2.51 PEP Pepsico Inc. Sold out 0.00% −2.49 LSTR Landstar System Inc. Sold out 0.00% −2.43 DAL Delta Air Lines Inc. Sold out 0.00% −2.32 HON Honeywell International Inc. Sold out 0.00% −2.20 BLDR Builders Firstsource Inc. Reduce -72.2% 0.98% −2.17 WDC Western Digital Corp. Sold out 0.00% −1.97 TTWO Take-Two Interactive Softwre Reduce -13.2% 4.61% −1.80 FSLR First Solar Inc. Sold out 0.00% −1.71 RH RH Sold out 0.00% −1.53 ASO Academy Sports & Outdoors Inc. Sold out 0.00% −1.49 SHW The Sherwin-Williams Co. Sold out 0.00% −1.14 AMZN Amazon.com Inc. Reduce -25.4% 3.48% −0.90 WCN Waste Connections Inc. Reduce -7.0% 3.53% −0.14 KBR KBR Inc. Reduce -4.6% 4.31% −0.07 PCT Purecycle Technologies Inc. Sold out 0.00% −0.01
Portfolio Buys Q4 2023 → Q1 2024 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 2023 % Of Portfolio Change To Portfolio ▼ NSC Norfolk Southern Corp. Add +257.9% 8.15% +5.79 CYBR Cyberark Software Ltd./Israel Add +571.5% 6.12% +5.28 APH Amphenol Corp. Class A Add +780.0% 4.77% +4.25 XPO Xpo Inc. New 4.13% +4.13 CSX CSX Corp. New 2.96% +2.96 AVY Avery Dennison Corp. New 2.89% +2.89 MSFT Microsoft Corp. Add +66.7% 5.93% +2.39 XME SS SPDR S&P Metals Mining New 2.27% +2.27 TGT Target Corp. New 2.25% +2.25 SAIA Saia Inc. New 2.16% +2.16 SIX Six Flags Entertainment Corp. New 1.94% +1.94 GLNG Golar LNG Ltd. New 1.92% +1.92 CRWD CrowdStrike Holdings Inc. Class A New 1.81% +1.81 ZBRA Zebra Technologies Corp. Class A New 1.80% +1.80 FLR Fluor Corp. New 1.77% +1.77 JCI Johnson Controls Internation Add +40.0% 5.16% +1.54 GE General Electric New 1.40% +1.40 LHX L3HARRIS Technologies Inc. Add +87.5% 3.00% +1.24 TDG Transdigm Group Inc. Add +14.4% 5.96% +1.20 MMM 3M Co. New 1.10% +1.10 ATI Ati Inc. Add +37.9% 2.89% +0.81 ENPH Enphase Energy Inc. Add +300.0% 1.14% +0.79 PH Parker Hannifin Corp. Add +0.8% 6.19% +0.52 VRT Vertiv Holdings Co. Class A New 0.23% +0.23 FTDR Frontdoor Inc. Add +10.0% 2.53% −0.24
Options Activity Q4 2023 → Q1 2024 Security Type Change vs Q4 2023 Underlying Shares Value ▼ STATE STR SPDR S&P 500 ETF T put New 950,000 $496.9M IWM iShares Russell 2000 ETF put Sold out 1,400,000 $281.0Mbefore exit SPY SS SPDR S&P 500 ETF Trust-US put Sold out 500,000 $237.7Mbefore exit SPDR SERIES TRUST put New 1,600,000 $126.4M TAKE-TWO INTERACTIVE SOFTWAR call New 650,000 $96.5M ACCENTURE PLC IRELAND put Sold out 250,000 $87.7Mbefore exit KBR KBR Inc. call Sold out 1,175,000 $65.1Mbefore exit KBR INC call New 400,000 $25.5M JOHNSON CONTROLS INTERNATION call New 300,000 $19.6M
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 35 $2.7B MMM, AME, ADI, LRCX, AMAT Q1 2026 41 $2.3B PH, AME, TT, GE, ASML Q4 2025 36 $1.9B MCD, GVA, V, SITE, RBC Q3 2025 31 $1.9B MMM, ETN, WMT, SAIA, CR Q2 2025 31 $1.6B CYBR, CAT, CR, MMM, DDOG Q1 2025 31 $1.2B DOV, AMZN, MMM, CYBR, CR Q4 2024 28 $1.4B PH, CSX, MMM, CYBR, WDC Q3 2024 34 $1.3B WDC, APH, PH, JCI, HUBB Q2 2024 34 $1.3B KBR, AMZN, HUBS, TTWO, FLR Q1 2024 31 $1.1B NSC, PH, CYBR, TDG, MSFT