In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Cartenna Capital, LP reported 31 stock positions worth $1.2 billion . Its top holding was Dover (DOV) at 7.1% of the portfolio, followed by Amazon.com (AMZN, 6.9% ) and 3M (MMM, 6.5% ). Compared with Q4 2024, it opened 19 new positions, sold out of 16, added to 5 and reduced 7. The biggest buy was a new position in Dover (DOV) and the biggest sale CSX (CSX, shares −80% ).
Location STAMFORD, CT
CIK 0001808928
Portfolio Value $1.2B (Q1 2025) Holdings 31 stocks · $1.2B 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 2024 DOV Dover Corp. 500,000 $87.8M New AMZN Amazon.com Inc. 450,000 $85.6M New MMM 3M Co. 550,000 $80.8M Reduce -17.2% CYBR Cyberark Software Ltd./Israel 237,500 $80.3M Add +7.3% CR Crane Co. 480,000 $73.5M Add +20.4% PH Parker Hannifin Corp. 110,000 $66.9M Reduce -27.9% URI United Rentals Inc. 90,000 $56.4M Add +7.6% PKG Packaging Corp. of America 270,000 $53.5M Add +9.8% HON Honeywell International Inc. 250,000 $52.9M New KNX Knight-Swift Transportation 1,025,000 $44.6M Add +30.2% XPO Xpo Inc. 400,000 $43.0M New WDC Western Digital Corp. 1,050,000 $42.5M Reduce -7.2% GLNG Golar LNG Ltd. 1,050,000 $39.9M New TTWO Take-Two Interactive Softwre 190,000 $39.4M Reduce -40.6% LULU Lululemon Athletica Inc. 130,000 $36.8M New GLW Corning Inc. 800,000 $36.6M New SNOW Snowflake Inc. 225,000 $32.9M New SGI Somnigroup International Inc. 500,000 $29.9M New SBUX Starbucks Corp. 300,000 $29.4M New TXN Texas Instruments Inc. 155,000 $27.9M New BURL Burlington Stores Inc. 115,000 $27.4M Reduce -16.6% NOC Northrop Grumman Corp. 50,000 $25.6M New BIRK Birkenstock Holding PLC 550,000 $25.2M New LII Lennox International Inc. 42,500 $23.8M New LAD Lithia Motors Inc. 70,000 $20.5M New DE Deere & Co. 42,500 $19.9M New CSX CSX Corp. 550,000 $16.2M Reduce -80.0% GD General Dynamics Corp. 55,000 $15.0M New AZO AutoZone Inc. 3,000 $11.4M Reduce -85.3% CAT Caterpillar Inc. 23,500 $7.8M New ACI Albertsons Cos Inc. Class A 325,000 $7.1M New
Options reported separately and not counted above: SELECT SECTOR SPDR TR puts ($157.3M), SPDR SERIES TRUST puts ($69.1M), WESTERN DIGITAL CORP calls ($68.7M), ISHARES TR puts ($47.6M), AMAZON COM INC calls ($38.1M), ARK ETF TR puts ($23.8M).
Portfolio Sells Q4 2024 → Q1 2025 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 2024 % Of Portfolio Change To Portfolio ▲ CSX CSX Corp. Reduce -80.0% 1.30% −5.26 APH Amphenol Corp. Class A Sold out 0.00% −4.79 AN Autonation Inc. Sold out 0.00% −4.20 RRX Regal Rexnord Corp. Sold out 0.00% −4.13 MSI Motorola Solutions Inc. Sold out 0.00% −4.03 AZO AutoZone Inc. Reduce -85.3% 0.92% −3.92 DAL Delta Air Lines Inc. Sold out 0.00% −3.65 STLD Steel Dynamics Inc. Sold out 0.00% −3.48 JCI Johnson Controls Internation Sold out 0.00% −2.58 DKS Dick's Sporting Goods Inc. Sold out 0.00% −2.00 APTV Aptiv PLC Sold out 0.00% −1.98 IR Ingersoll-Rand Inc. Sold out 0.00% −1.97 ATI Ati Inc. Sold out 0.00% −1.80 PH Parker Hannifin Corp. Reduce -27.9% 5.39% −1.77 MTZ Mastec Inc. Sold out 0.00% −1.73 NSC Norfolk Southern Corp. Sold out 0.00% −1.62 WDC Western Digital Corp. Reduce -7.2% 3.42% −1.56 HRI Herc Holdings Inc. Sold out 0.00% −1.51 TOL Toll Brothers Inc. Sold out 0.00% −1.37 TTWO Take-Two Interactive Softwre Reduce -40.6% 3.17% −1.17 BURL Burlington Stores Inc. Reduce -16.6% 2.21% −0.69 TLN Talen Energy Corp. Sold out 0.00% −0.59 MMM 3M Co. Reduce -17.2% 6.51% +0.18
Portfolio Buys Q4 2024 → Q1 2025 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 2024 % Of Portfolio Change To Portfolio ▼ DOV Dover Corp. New 7.08% +7.08 AMZN Amazon.com Inc. New 6.90% +6.90 HON Honeywell International Inc. New 4.27% +4.27 XPO Xpo Inc. New 3.47% +3.47 GLNG Golar LNG Ltd. New 3.22% +3.22 LULU Lululemon Athletica Inc. New 2.97% +2.97 GLW Corning Inc. New 2.95% +2.95 SNOW Snowflake Inc. New 2.65% +2.65 SGI Somnigroup International Inc. New 2.41% +2.41 SBUX Starbucks Corp. New 2.37% +2.37 TXN Texas Instruments Inc. New 2.25% +2.25 NOC Northrop Grumman Corp. New 2.06% +2.06 BIRK Birkenstock Holding PLC New 2.03% +2.03 LII Lennox International Inc. New 1.92% +1.92 LAD Lithia Motors Inc. New 1.66% +1.66 DE Deere & Co. New 1.61% +1.61 CR Crane Co. Add +20.4% 5.93% +1.46 GD General Dynamics Corp. New 1.21% +1.21 CYBR Cyberark Software Ltd./Israel Add +7.3% 6.47% +1.02 CAT Caterpillar Inc. New 0.62% +0.62 ACI Albertsons Cos Inc. Class A New 0.58% +0.58 KNX Knight-Swift Transportation Add +30.2% 3.59% +0.51 PKG Packaging Corp. of America Add +9.8% 4.31% +0.22 URI United Rentals Inc. Add +7.6% 4.55% +0.19
Options Activity Q4 2024 → Q1 2025 Security Type Change vs Q4 2024 Underlying Shares Value ▼ STATE STR SPDR S&P 500 ETF T put Sold out 471,200 $276.2Mbefore exit SELECT SECTOR SPDR TR put New 1,200,000 $157.3M INVESCO EXCH TRADED FD TR II put Sold out 1,724,400 $120.7Mbefore exit APPLE INC put Sold out 344,700 $86.3Mbefore exit SPDR SERIES TRUST put New 1,000,000 $69.1M WESTERN DIGITAL CORP call Reduce -42.5% 1,700,000 $68.7M ISHARES TR put New 500,000 $47.6M AMAZON COM INC call New 200,000 $38.1M ARK ETF TR put Reduce -32.4% 500,000 $23.8M SENSATA TECHNOLOGIES HLDG PL call Sold out 561,000 $15.4Mbefore exit
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