In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Cartenna Capital, LP reported 31 stock positions worth $1.9 billion . Its top holding was 3M (MMM) at 6.6% of the portfolio, followed by Eaton (ETN, 6.1% ) and Walmart (WMT, 5.4% ). Compared with Q2 2025, it opened 22 new positions, sold out of 22, added to 6 and reduced 3. The biggest buy was a new position in Eaton (ETN) and the biggest sale an exit from Cyberark Software Ltd./Israel (CYBR).
Location STAMFORD, CT
CIK 0001808928
Portfolio Value $1.9B (Q3 2025) Holdings 31 stocks · $1.9B 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 Q2 2025 MMM 3M Co. 810,000 $125.7M Add +35.0% ETN Eaton Corp. PLC 315,000 $117.9M New WMT Walmart Inc. 1,000,000 $103.1M New SAIA Saia Inc. 315,000 $94.3M New CR Crane Co. 465,000 $85.6M Reduce -4.1% APH Amphenol Corp. Class A 675,000 $83.5M New GLNG Golar LNG Ltd. 1,925,000 $77.8M Add +13.2% NKE Nike Inc. Class B 1,100,000 $76.7M New PKG Packaging Corp. of America 345,000 $75.2M New LECO Lincoln Electric Holdings 310,000 $73.1M Add +675.0% HD Home Depot Inc. 180,000 $72.9M Add +71.4% OTIS Otis Worldwide Corp. 775,000 $70.9M New GVA Granite Construction Inc. 610,000 $66.9M Add +22.0% HUBB Hubbell Inc. 155,000 $66.7M Reduce -6.1% RTX RTX Corp. 390,000 $65.3M New SHW The Sherwin-Williams Co. 185,000 $64.1M New SITE Siteone Landscape Supply Inc. 495,000 $63.8M New NFLX Netflix Inc. 50,000 $59.9M New CAT Caterpillar Inc. 125,000 $59.6M Reduce -47.9% TTWO Take-Two Interactive Softwre 225,000 $58.1M New CMI Cummins Inc. 115,000 $48.6M New WTS Watts Water Technologies-A 170,000 $47.5M New CNK Cinemark Holdings Inc. 1,650,000 $46.2M Add +29.4% DY Dycom Industries Inc. 140,000 $40.8M New EXP Eagle Materials Inc. 126,500 $29.5M New SPLV Invesco S&P 500 Low Volatili 400,000 $29.4M New CPRI Capri Holdings Ltd. 1,475,000 $29.4M New RBLX Roblox Corp. Class A 185,000 $25.6M New AMZN Amazon.com Inc. 100,000 $22.0M New UAL United Airlines Holdings Inc. 200,000 $19.3M New BLDR Builders Firstsource Inc. 150,000 $18.2M New
Options reported separately and not counted above: SELECT SECTOR SPDR TR puts ($501.2M), ISHARES TR puts ($362.9M), SPDR SERIES TRUST puts ($193.4M), DOVER CORP calls ($175.2M), VANECK ETF TRUST puts ($163.2M), SPDR SERIES TRUST puts ($107.7M), AMAZON COM INC calls ($76.8M), SIX FLAGS ENTERTAINMENT CORP calls ($29.5M), SAIA INC calls ($4.5M).
Portfolio Sells Q2 2025 → Q3 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 Q2 2025 % Of Portfolio Change To Portfolio ▲ CYBR Cyberark Software Ltd./Israel Sold out 0.00% −7.98 DDOG Datadog Inc. Class A Sold out 0.00% −5.52 GLW Corning Inc. Sold out 0.00% −5.48 URI United Rentals Inc. Sold out 0.00% −5.43 DOV Dover Corp. Sold out 0.00% −4.21 CSX CSX Corp. Sold out 0.00% −4.00 SGI Somnigroup International Inc. Sold out 0.00% −3.86 CMG Chipotle Mexican Grill Inc. Sold out 0.00% −3.44 ACI Albertsons Cos Inc. Class A Sold out 0.00% −3.43 PH Parker Hannifin Corp. Sold out 0.00% −3.32 MTZ Mastec Inc. Sold out 0.00% −3.13 CAT Caterpillar Inc. Reduce -47.9% 3.11% −2.60 FLEX Flex Ltd. Sold out 0.00% −2.14 MSFT Microsoft Corp. Sold out 0.00% −2.13 LHX L3HARRIS Technologies Inc. Sold out 0.00% −2.08 DKS Dick's Sporting Goods Inc. Sold out 0.00% −1.94 TPR Tapestry Inc. Sold out 0.00% −1.83 GNRC Generac Holdings Inc. Sold out 0.00% −1.72 EL Estee Lauder Companies Class A Sold out 0.00% −1.49 CR Crane Co. Reduce -4.1% 4.47% −1.18 MCHP Microchip Technology Inc. Sold out 0.00% −0.97 XPO Xpo Inc. Sold out 0.00% −0.97 VC Visteon Corp. Sold out 0.00% −0.91 HUBB Hubbell Inc. Reduce -6.1% 3.48% −0.65 CBRE CBRE Group Inc. Class A Sold out 0.00% −0.56
Portfolio Buys Q2 2025 → Q3 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 Q2 2025 % Of Portfolio Change To Portfolio ▼ ETN Eaton Corp. PLC New 6.15% +6.15 WMT Walmart Inc. New 5.37% +5.37 SAIA Saia Inc. New 4.92% +4.92 APH Amphenol Corp. Class A New 4.36% +4.36 NKE Nike Inc. Class B New 4.00% +4.00 PKG Packaging Corp. of America New 3.92% +3.92 OTIS Otis Worldwide Corp. New 3.70% +3.70 RTX RTX Corp. New 3.40% +3.40 SHW The Sherwin-Williams Co. New 3.34% +3.34 SITE Siteone Landscape Supply Inc. New 3.32% +3.32 LECO Lincoln Electric Holdings Add +675.0% 3.81% +3.30 NFLX Netflix Inc. New 3.13% +3.13 TTWO Take-Two Interactive Softwre New 3.03% +3.03 CMI Cummins Inc. New 2.53% +2.53 WTS Watts Water Technologies-A New 2.48% +2.48 DY Dycom Industries Inc. New 2.13% +2.13 EXP Eagle Materials Inc. New 1.54% +1.54 SPLV Invesco S&P 500 Low Volatili New 1.53% +1.53 CPRI Capri Holdings Ltd. New 1.53% +1.53 HD Home Depot Inc. Add +71.4% 3.80% +1.44 RBLX Roblox Corp. Class A New 1.34% +1.34 AMZN Amazon.com Inc. New 1.15% +1.15 UAL United Airlines Holdings Inc. New 1.01% +1.01 MMM 3M Co. Add +35.0% 6.56% +0.96 BLDR Builders Firstsource Inc. New 0.95% +0.95 GVA Granite Construction Inc. Add +22.0% 3.49% +0.62 CNK Cinemark Holdings Inc. Add +29.4% 2.41% +0.05 GLNG Golar LNG Ltd. Add +13.2% 4.06% −0.23
Options Activity Q2 2025 → Q3 2025 Security Type Change vs Q2 2025 Underlying Shares Value ▼ STATE STR SPDR S&P 500 ETF T put Sold out 1,000,000 $617.9Mbefore exit SELECT SECTOR SPDR TR put New 3,250,000 $501.2M ISHARES TR put New 1,500,000 $362.9M SPDR SERIES TRUST put New 2,075,000 $193.4M DOVER CORP call Add +162.5% 1,050,000 $175.2M VANECK ETF TRUST put New 500,000 $163.2M SPDR SERIES TRUST put Reduce -37.5% 1,250,000 $107.7M ATI INC put Sold out 1,225,200 $105.8Mbefore exit ARK ETF TR put Sold out 1,500,000 $105.4Mbefore exit BRINKER INTL INC put Sold out 559,300 $100.9Mbefore exit AMAZON COM INC call New 350,000 $76.8M POLARIS INC call Sold out 1,000,000 $40.6Mbefore exit SIX FLAGS ENTERTAINMENT CORP call New 1,300,000 $29.5M SAIA INC call New 15,000 $4.5M
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