In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), Castalian Partners, LLC reported 1 stock position worth $7.4 million . Its top holding was Natural Resource Partners (NRP) at 100.0% of the portfolio. Compared with Q1 2025, it sold out of 3 and reduced 1. The biggest sale was an exit from Amentum (AMTM).
Location EXCELSIOR, MN
CIK 0001976319
Portfolio Value $7.4M (Q2 2025) Holdings 1 stocks · $7.4M Holdings quarter Q2 2025 Q1 2025 Q4 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2025 NRP Natural Resource Partners LP 77,081 $7.4M Reduce -49.6%
Portfolio Sells Q1 2025 → Q2 2025 Portfolio Sells quarter Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q1 2025 % Of Portfolio Change To Portfolio ▲ AMTM Amentum Holdings Inc. Sold out 0.00% −24.34 SAIC Science Applications Inte Sold out 0.00% −3.50 NATL NCR Atleos Corp. Sold out 0.00% −2.32 NRP Natural Resource Partners LP Reduce -49.6% 100.00% +30.15
Portfolio Buys Q1 2025 → Q2 2025 Portfolio Buys quarter Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q1 2025 % Of Portfolio Change To Portfolio ▼ None this quarter.
Options Activity Q1 2025 → Q2 2025 Security Type Change vs Q1 2025 Underlying Shares Value ▼ OEF iShares S&P 100 ETF call Sold out 1,500,000 $299.2Mbefore exit NRP Natural Resource Partners LP put Sold out 98,900 $10.3Mbefore exit GTLS Chart Industries Inc. call Sold out 70,000 $10.1Mbefore exit SHOO Steven Madden Ltd. call Sold out 257,700 $6.9Mbefore exit NRP Natural Resource Partners LP call Sold out 13,500 $1.4Mbefore 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 2025 1 $7.4M NRP Q1 2025 4 $22.8M NRP, AMTM, SAIC, NATL Q4 2024 21 $105.8M AMTM, NRP, TLN, NLOP, BVFL