Castellan Group
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Castellan Group reported 59 stock positions worth $195.3 million. Its top holding was Microsoft (MSFT) at 3.8% of the portfolio, followed by Modine Manufacturing (MOD, 3.7%) and Ftai Aviation (FTAI, 3.5%). Compared with Q4 2023, it opened 12 new positions, sold out of 10, added to 24 and reduced 20. The biggest buy was a new position in Ftai Aviation (FTAI) and the biggest sale an exit from Jabil (JBL).
- Most Recent 13F
- Q2 2026
- Location
- LOUISVILLE, KY
- CIK
- 0001832521
- Portfolio Value
- $195.3M (Q1 2024)
- SEC Filing
- 0001832521-24-000005 ↗ filed May 15, 2024
Holdings Value
Holdings 59 stocks · $195.3M
| MSFT Microsoft Corp. | 3.80% | 17,664 | $7.4M | Add +15.8% |
| MOD Modine Manufacturing Co. | 3.67% | 75,228 | $7.2M | Reduce -5.7% |
| FTAI Ftai Aviation Ltd. | 3.55% | 102,926 | $6.9M | New |
| URI United Rentals Inc. | 3.35% | 9,074 | $6.5M | Reduce -7.0% |
| MEDP Medpace Holdings Inc. | 3.32% | 16,053 | $6.5M | Add +10.9% |
| BLDR Builders Firstsource Inc. | 3.23% | 30,258 | $6.3M | New |
| DFH Dream Finders Homes Inc. Class A | 3.18% | 141,973 | $6.2M | New |
| NVDA Nvidia Corp. | 3.14% | 6,785 | $6.1M | Reduce -8.4% |
| SMCI Super Micro Computer Inc. | 3.08% | 5,954 | $6.0M | Reduce -67.2% |
| KLAC KLA Corp. | 2.79% | 7,792 | $5.4M | Add +16.4% |
| LECO Lincoln Electric Holdings | 2.78% | 21,224 | $5.4M | Add +8.8% |
| MUSA Murphy USA Inc. | 2.71% | 12,641 | $5.3M | New |
| CAT Caterpillar Inc. | 2.66% | 14,189 | $5.2M | Reduce -4.1% |
| NVO Novo-Nordisk A/S-Spons ADR | 2.65% | 40,309 | $5.2M | Reduce -8.2% |
| ATKR Atkore Inc. | 2.63% | 27,027 | $5.1M | Add +16.2% |
| BKNG Booking Holdings Inc. | 2.62% | 1,412 | $5.1M | Add +10.2% |
| RRR Red Rock Resorts Inc. Class A | 2.60% | 84,938 | $5.1M | New |
| MCK McKesson Corp. | 2.53% | 9,223 | $5.0M | Add +8.8% |
| NRG NRG Energy Inc. | 2.15% | 62,044 | $4.2M | Add +5.5% |
| GLTR Abrdn Precious Metals Basket | 2.09% | 42,732 | $4.1M | No change |
| ULTA Ulta Beauty Inc. | 2.00% | 7,477 | $3.9M | Add +11.2% |
| HESM Hess Midstream LP Class A | 1.78% | 96,099 | $3.5M | Add +6.0% |
| EXR Extra Space Storage Inc. | 1.70% | 22,603 | $3.3M | Add +4.2% |
| NSA National Storage Affiliates | 1.58% | 78,932 | $3.1M | Add +6.6% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 1.54% | 2,954 | $3.0M | Reduce -6.2% |
| UDR Udr Inc. | 1.53% | 80,033 | $3.0M | Add +6.6% |
| AMT American Tower Corp. | 1.53% | 15,099 | $3.0M | Add +6.4% |
| CCI Crown Castle Inc. | 1.47% | 27,120 | $2.9M | Add +11.2% |
| DKL Delek Logistics Partners LP | 1.46% | 69,389 | $2.8M | Add +6.4% |
| ORCL Oracle Corp. | 1.44% | 22,340 | $2.8M | Reduce -13.7% |
| AVGO Broadcom Inc. | 1.43% | 2,108 | $2.8M | Reduce -30.4% |
| XIFR XPLR Infrastructure LP filed as NEXTERA ENERGY PARTNERS LP | 1.42% | 92,509 | $2.8M | Add +14.1% |
| ELV Elevance Health Inc. | 1.38% | 5,201 | $2.7M | New |
| CWEN Clearway Energy Inc. Class C | 1.38% | 116,575 | $2.7M | Add +12.3% |
| HON Honeywell International Inc. | 1.37% | 13,019 | $2.7M | Add +35.5% |
| BLK BlackRock Finance Inc. | 1.34% | 3,142 | $2.6M | Add +15.4% |
| BR Broadridge Financial Solutio | 1.32% | 12,603 | $2.6M | Add +106.7% |
| SNA Snap-on Inc. | 1.31% | 8,660 | $2.6M | Add +10.9% |
| AMP Ameriprise Financial Inc. | 1.30% | 5,806 | $2.5M | Reduce -3.6% |
| ETN Eaton Corp. PLC | 1.28% | 7,992 | $2.5M | Reduce -25.0% |
| LMT Lockheed Martin Corp. | 1.27% | 5,447 | $2.5M | Add +1.2% |
| ADI Analog Devices Inc. | 1.26% | 12,488 | $2.5M | Reduce -1.2% |
| PH Parker Hannifin Corp. | 1.26% | 4,436 | $2.5M | Reduce -22.3% |
| ACN Accenture PLC Class A | 1.23% | 6,928 | $2.4M | Add +1.7% |
| XOM Exxon Mobil Corp. | 0.79% | 13,250 | $1.5M | Reduce -1.8% |
| XLE SS Energy Select Sector | 0.77% | 16,015 | $1.5M | Reduce -0.0% |
| CVX Chevron Corp. | 0.73% | 8,995 | $1.4M | Reduce -1.0% |
| HES Hess Corp. | 0.72% | 9,270 | $1.4M | No change |
| RIO Rio Tinto PLC-Spon ADR | 0.59% | 17,963 | $1.1M | Reduce -0.1% |
| BHP BHP Group Ltd.-Spon ADR | 0.58% | 19,720 | $1.1M | No change |
| LRN Stride Inc. | 0.47% | 14,560 | $918K | New |
| TNK Teekay Tankers Ltd. Class A | 0.44% | 14,805 | $865K | New |
| LW Lamb Weston Holdings Inc. | 0.40% | 7,400 | $788K | Reduce -80.4% |
| BMAR Innovator U.S. Equity Buffer | 0.39% | 18,398 | $767K | New |
| BAPR Innovator U.S. Equity Buffer | 0.27% | 13,400 | $537K | New |
| ACLS Axcelis Technologies Inc. | 0.27% | 4,700 | $524K | Reduce -32.2% |
| PFEB Innovator U.S. Equity Power | 0.17% | 9,965 | $340K | New |
| AAPL Apple Inc. | 0.17% | 1,884 | $323K | Reduce -57.1% |
| BFEB Innovator U.S. Equity Buffer | 0.10% | 5,220 | $205K | New |
Portfolio Sells Q4 2023 → Q1 2024
| JBL Jabil Inc. | Sold out | 0.00% | −2.47 |
| TNET Trinet Group Inc. | Sold out | 0.00% | −2.33 |
| LW Lamb Weston Holdings Inc. | Reduce -80.4% | 0.40% | −2.13 |
| FTDR Frontdoor Inc. | Sold out | 0.00% | −2.01 |
| ACGL Arch Capital Group Ltd. | Sold out | 0.00% | −1.85 |
| MUR Murphy Oil Corp. | Sold out | 0.00% | −1.81 |
| APD Air Products & Chemicals Inc. | Sold out | 0.00% | −1.45 |
| AVGO Broadcom Inc. | Reduce -30.4% | 1.43% | −0.67 |
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −0.50 |
| PH Parker Hannifin Corp. | Reduce -22.3% | 1.26% | −0.37 |
| AAPL Apple Inc. | Reduce -57.1% | 0.17% | −0.36 |
| ETN Eaton Corp. PLC | Reduce -25.0% | 1.28% | −0.32 |
| ADI Analog Devices Inc. | Reduce -1.2% | 1.26% | −0.29 |
| ACLS Axcelis Technologies Inc. | Reduce -32.2% | 0.27% | −0.29 |
| ORCL Oracle Corp. | Reduce -13.7% | 1.44% | −0.26 |
| RIO Rio Tinto PLC-Spon ADR | Reduce -0.1% | 0.59% | −0.25 |
| AB Alliancebernstein Holding LP | Sold out | 0.00% | −0.23 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -8.2% | 2.65% | −0.17 |
| CCL Carnival Corp. | Sold out | 0.00% | −0.15 |
| SMCI Super Micro Computer Inc. | Reduce -67.2% | 3.08% | −0.13 |
| URI United Rentals Inc. | Reduce -7.0% | 3.35% | −0.12 |
| AMP Ameriprise Financial Inc. | Reduce -3.6% | 1.30% | −0.12 |
| CVX Chevron Corp. | Reduce -1.0% | 0.73% | −0.12 |
| GWW WW Grainger Inc. | Reduce -6.2% | 1.54% | −0.08 |
| CRMD Cormedix Inc. | Sold out | 0.00% | −0.08 |
| XLE SS Energy Select Sector | Reduce -0.0% | 0.77% | −0.06 |
| CAT Caterpillar Inc. | Reduce -4.1% | 2.66% | −0.05 |
| XOM Exxon Mobil Corp. | Reduce -1.8% | 0.79% | −0.05 |
| MOD Modine Manufacturing Co. | Reduce -5.7% | 3.67% | +0.71 |
| NVDA Nvidia Corp. | Reduce -8.4% | 3.14% | +0.86 |
Portfolio Buys Q4 2023 → Q1 2024
| FTAI Ftai Aviation Ltd. | New | 3.55% | +3.55 |
| BLDR Builders Firstsource Inc. | New | 3.23% | +3.23 |
| DFH Dream Finders Homes Inc. Class A | New | 3.18% | +3.18 |
| MUSA Murphy USA Inc. | New | 2.71% | +2.71 |
| RRR Red Rock Resorts Inc. Class A | New | 2.60% | +2.60 |
| ELV Elevance Health Inc. | New | 1.38% | +1.38 |
| MEDP Medpace Holdings Inc. | Add +10.9% | 3.32% | +0.56 |
| BR Broadridge Financial Solutio | Add +106.7% | 1.32% | +0.54 |
| LRN Stride Inc. | New | 0.47% | +0.47 |
| TNK Teekay Tankers Ltd. Class A | New | 0.44% | +0.44 |
| BMAR Innovator U.S. Equity Buffer | New | 0.39% | +0.39 |
| KLAC KLA Corp. | Add +16.4% | 2.79% | +0.37 |
| ATKR Atkore Inc. | Add +16.2% | 2.63% | +0.32 |
| BAPR Innovator U.S. Equity Buffer | New | 0.27% | +0.27 |
| NRG NRG Energy Inc. | Add +5.5% | 2.15% | +0.26 |
| MSFT Microsoft Corp. | Add +15.8% | 3.80% | +0.24 |
| PFEB Innovator U.S. Equity Power | New | 0.17% | +0.17 |
| LECO Lincoln Electric Holdings | Add +8.8% | 2.78% | +0.14 |
| HON Honeywell International Inc. | Add +35.5% | 1.37% | +0.12 |
| BFEB Innovator U.S. Equity Buffer | New | 0.10% | +0.10 |
| MCK McKesson Corp. | Add +8.8% | 2.53% | +0.10 |
| HESM Hess Midstream LP Class A | Add +6.0% | 1.78% | −0.00 |
| BLK BlackRock Finance Inc. | Add +15.4% | 1.34% | −0.03 |
| ULTA Ulta Beauty Inc. | Add +11.2% | 2.00% | −0.04 |
| SNA Snap-on Inc. | Add +10.9% | 1.31% | −0.09 |
| XIFR XPLR Infrastructure LP | Add +14.1% | 1.42% | −0.11 |
| BKNG Booking Holdings Inc. | Add +10.2% | 2.62% | −0.20 |
| LMT Lockheed Martin Corp. | Add +1.2% | 1.27% | −0.25 |
| UDR Udr Inc. | Add +6.6% | 1.53% | −0.25 |
| ACN Accenture PLC Class A | Add +1.7% | 1.23% | −0.26 |
| CCI Crown Castle Inc. | Add +11.2% | 1.47% | −0.28 |
| DKL Delek Logistics Partners LP | Add +6.4% | 1.46% | −0.29 |
| NSA National Storage Affiliates | Add +6.6% | 1.58% | −0.32 |
| AMT American Tower Corp. | Add +6.4% | 1.53% | −0.38 |
| CWEN Clearway Energy Inc. Class C | Add +12.3% | 1.38% | −0.39 |
| EXR Extra Space Storage Inc. | Add +4.2% | 1.70% | −0.46 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 39 | $910.0M | CTEF, CTIF, BOXX, CTRE, LXP |
| Q1 2026 | 34 | $722.6M | CTEF, CTIF, BOXX, CWEN, NEE |
| Q4 2025 | 57 | $792.7M | CTEF, CTIF, GOOG, BOXX, MSFT |
| Q3 2025 | 35 | $688.0M | CTEF, CTIF, GLTR, XLE, ES |
| Q2 2025Amended | 31 | $542.8M | CTEF, CTIF, XLE, GLTR, BOXX |
| Q1 2025 | 65 | $357.6M | HALO, MSFT, FTNT, IDCC, TSCO |
| Q4 2024 | 61 | $230.8M | APP, MSFT, TGTX, FTNT, NCLH |
| Q3 2024 | 59 | $237.2M | NRG, MSFT, APP, MOD, URI |
| Q2 2024 | 59 | $210.1M | MSFT, FTAI, MOD, MEDP, KLAC |
| Q1 2024 | 59 | $195.3M | MSFT, MOD, FTAI, URI, MEDP |