In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Cartenna Capital, LP reported 36 stock positions worth $1.9 billion . Its top holding was McDonald's (MCD) at 4.6% of the portfolio, followed by Granite Construction (GVA, 4.3% ) and Visa Class A (V, 4.2% ). Compared with Q3 2025, it opened 26 new positions, sold out of 21, added to 6 and reduced 4. The biggest buy was a new position in McDonald's (MCD) and the biggest sale an exit from Eaton (ETN).
Location STAMFORD, CT
CIK 0001808928
Portfolio Value $1.9B (Q4 2025) Holdings 36 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 Q3 2025 MCD McDonald's Corp. 285,000 $87.1M New GVA Granite Construction Inc. 715,000 $82.5M Add +17.2% V Visa Inc. Class A 230,000 $80.7M New SITE Siteone Landscape Supply Inc. 635,000 $79.1M Add +28.3% RBC RBC Bearings Inc. 170,000 $76.2M New LECO Lincoln Electric Holdings 315,000 $75.5M Add +1.6% AMZN Amazon.com Inc. 325,000 $75.0M Add +225.0% NVDA Nvidia Corp. 400,000 $74.6M New MMM 3M Co. 450,000 $72.0M Reduce -44.4% AME Ametek Inc. 350,000 $71.9M New KEYS Keysight Technologies Inc. 350,000 $71.1M New CPRI Capri Holdings Ltd. 2,850,000 $69.5M Add +93.2% RKT Rocket Cos Inc. Class A 3,400,000 $65.8M New MTZ Mastec Inc. 300,000 $65.2M New XRT SS SPDR S&P Retail ETF 750,000 $64.0M New PH Parker Hannifin Corp. 70,000 $61.5M New WTS Watts Water Technologies-A 220,000 $60.7M Add +29.4% DHR Danaher Corp. 265,000 $60.7M New JCI Johnson Controls Internation 450,000 $53.9M New GLNG Golar LNG Ltd. 1,308,683 $48.7M Reduce -32.0% ROK Rockwell Automation Inc. 125,000 $48.6M New MCO Moody's Corp. 90,000 $46.0M New CSX CSX Corp. 1,250,000 $45.3M New URI United Rentals Inc. 55,000 $44.5M New VRT Vertiv Holdings Co. Class A 250,000 $40.5M New GLW Corning Inc. 450,000 $39.4M New FIVE Five Below 190,000 $35.8M New SN Sharkninja Inc. 310,000 $34.7M New DY Dycom Industries Inc. 100,000 $33.8M Reduce -28.6% ATI Ati Inc. 260,000 $29.8M New DT Dynatrace Inc. 600,000 $26.0M New CMI Cummins Inc. 50,000 $25.5M Reduce -56.5% SPY SS SPDR S&P 500 ETF Trust-US 30,000 $20.5M New PICK iShares MSCI Global Metals & 300,000 $15.4M New TXRH Texas Roadhouse Inc. 65,000 $10.8M New STLD Steel Dynamics Inc. 40,000 $6.8M New
Options reported separately and not counted above: SPDR SERIES TRUST puts ($288.4M), INVESCO QQQ TR puts ($245.7M), AMAZON COM INC calls ($173.1M), DYNATRACE INC calls ($81.1M), SITEONE LANDSCAPE SUPPLY INC calls ($77.9M), SELECT SECTOR SPDR TR puts ($65.8M), ISHARES TR calls ($61.5M), SONY GROUP CORP calls ($32.0M), ROCKET COS INC calls ($29.0M), CAPRI HOLDINGS LIMITED calls ($24.4M), SHERWIN WILLIAMS CO calls ($16.2M), SIX FLAGS ENTERTAINMENT CORP calls ($11.5M).
Portfolio Sells Q3 2025 → Q4 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 Q3 2025 % Of Portfolio Change To Portfolio ▲ ETN Eaton Corp. PLC Sold out 0.00% −6.15 WMT Walmart Inc. Sold out 0.00% −5.37 SAIA Saia Inc. Sold out 0.00% −4.92 CR Crane Co. Sold out 0.00% −4.47 APH Amphenol Corp. Class A Sold out 0.00% −4.36 NKE Nike Inc. Class B Sold out 0.00% −4.00 PKG Packaging Corp. of America Sold out 0.00% −3.92 HD Home Depot Inc. Sold out 0.00% −3.80 OTIS Otis Worldwide Corp. Sold out 0.00% −3.70 HUBB Hubbell Inc. Sold out 0.00% −3.48 RTX RTX Corp. Sold out 0.00% −3.40 SHW The Sherwin-Williams Co. Sold out 0.00% −3.34 NFLX Netflix Inc. Sold out 0.00% −3.13 CAT Caterpillar Inc. Sold out 0.00% −3.11 TTWO Take-Two Interactive Softwre Sold out 0.00% −3.03 MMM 3M Co. Reduce -44.4% 3.79% −2.76 CNK Cinemark Holdings Inc. Sold out 0.00% −2.41 EXP Eagle Materials Inc. Sold out 0.00% −1.54 SPLV Invesco S&P 500 Low Volatili Sold out 0.00% −1.53 GLNG Golar LNG Ltd. Reduce -32.0% 2.56% −1.49 RBLX Roblox Corp. Class A Sold out 0.00% −1.34 CMI Cummins Inc. Reduce -56.5% 1.34% −1.19 UAL United Airlines Holdings Inc. Sold out 0.00% −1.01 BLDR Builders Firstsource Inc. Sold out 0.00% −0.95 DY Dycom Industries Inc. Reduce -28.6% 1.78% −0.35
Portfolio Buys Q3 2025 → Q4 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 Q3 2025 % Of Portfolio Change To Portfolio ▼ MCD McDonald's Corp. New 4.59% +4.59 V Visa Inc. Class A New 4.25% +4.25 RBC RBC Bearings Inc. New 4.01% +4.01 NVDA Nvidia Corp. New 3.93% +3.93 AME Ametek Inc. New 3.78% +3.78 KEYS Keysight Technologies Inc. New 3.74% +3.74 RKT Rocket Cos Inc. Class A New 3.47% +3.47 MTZ Mastec Inc. New 3.43% +3.43 XRT SS SPDR S&P Retail ETF New 3.37% +3.37 PH Parker Hannifin Corp. New 3.24% +3.24 DHR Danaher Corp. New 3.19% +3.19 JCI Johnson Controls Internation New 2.84% +2.84 AMZN Amazon.com Inc. Add +225.0% 3.95% +2.81 ROK Rockwell Automation Inc. New 2.56% +2.56 MCO Moody's Corp. New 2.42% +2.42 CSX CSX Corp. New 2.39% +2.39 URI United Rentals Inc. New 2.34% +2.34 VRT Vertiv Holdings Co. Class A New 2.13% +2.13 CPRI Capri Holdings Ltd. Add +93.2% 3.66% +2.13 GLW Corning Inc. New 2.07% +2.07 FIVE Five Below New 1.88% +1.88 SN Sharkninja Inc. New 1.83% +1.83 ATI Ati Inc. New 1.57% +1.57 DT Dynatrace Inc. New 1.37% +1.37 SPY SS SPDR S&P 500 ETF Trust-US New 1.08% +1.08 GVA Granite Construction Inc. Add +17.2% 4.34% +0.85 SITE Siteone Landscape Supply Inc. Add +28.3% 4.16% +0.84 PICK iShares MSCI Global Metals & New 0.81% +0.81 WTS Watts Water Technologies-A Add +29.4% 3.20% +0.72 TXRH Texas Roadhouse Inc. New 0.57% +0.57 STLD Steel Dynamics Inc. New 0.36% +0.36 LECO Lincoln Electric Holdings Add +1.6% 3.97% +0.16
Options Activity Q3 2025 → Q4 2025 Security Type Change vs Q3 2025 Underlying Shares Value ▼ SELECT SECTOR SPDR TR put Sold out 3,250,000 $501.2Mbefore exit ISHARES TR put Sold out 1,500,000 $362.9Mbefore exit SPDR SERIES TRUST put New 4,450,000 $288.4M INVESCO QQQ TR put New 400,000 $245.7M SPDR SERIES TRUST put Sold out 2,075,000 $193.4Mbefore exit DOVER CORP call Sold out 1,050,000 $175.2Mbefore exit AMAZON COM INC call Add +114.3% 750,000 $173.1M VANECK ETF TRUST put Sold out 500,000 $163.2Mbefore exit SPDR SERIES TRUST put Sold out 1,250,000 $107.7Mbefore exit DYNATRACE INC call New 1,872,400 $81.1M SITEONE LANDSCAPE SUPPLY INC call New 625,200 $77.9M SELECT SECTOR SPDR TR put New 1,450,000 $65.8M ISHARES TR call New 250,000 $61.5M SONY GROUP CORP call New 1,250,000 $32.0M ROCKET COS INC call New 1,500,000 $29.0M CAPRI HOLDINGS LIMITED call New 1,000,000 $24.4M SHERWIN WILLIAMS CO call New 50,000 $16.2M SIX FLAGS ENTERTAINMENT CORP call Reduce -42.3% 750,000 $11.5M SAIA INC call Sold out 15,000 $4.5Mbefore 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