Castellan Group
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 25, 2024), Castellan Group reported 59 stock positions worth $237.2 million. Its top holding was NRG Energy (NRG) at 4.3% of the portfolio, followed by Microsoft (MSFT, 3.8%) and AppLovin Class A (APP, 3.7%). Compared with Q2 2024, it opened 8 new positions, sold out of 8, added to 17 and reduced 32. The biggest buy was a new position in AppLovin Class A (APP) and the biggest sale an exit from Ftai Aviation (FTAI).
- Most Recent 13F
- Q2 2026
- Location
- LOUISVILLE, KY
- CIK
- 0001832521
- Portfolio Value
- $237.2M (Q3 2024)
- SEC Filing
- 0001832521-24-000010 ↗ filed Nov 25, 2024
Holdings Value
Holdings 59 stocks · $237.2M
| NRG NRG Energy Inc. | 4.34% | 113,064 | $10.3M | Add +77.0% |
| MSFT Microsoft Corp. | 3.84% | 21,154 | $9.1M | Add +5.2% |
| APP AppLovin Corp. Class A | 3.71% | 67,396 | $8.8M | New |
| MOD Modine Manufacturing Co. | 2.94% | 52,451 | $7.0M | Reduce -28.6% |
| URI United Rentals Inc. | 2.84% | 8,333 | $6.7M | Reduce -12.2% |
| MTH Meritage Homes Corp. | 2.76% | 31,981 | $6.6M | Add +5.0% |
| NVDA Nvidia Corp. | 2.76% | 53,843 | $6.5M | Add +3.9% |
| HALO Halozyme Therapeutics Inc. | 2.75% | 113,798 | $6.5M | Add +4.5% |
| CAT Caterpillar Inc. | 2.74% | 16,637 | $6.5M | Add +10.1% |
| KBH KB Home | 2.73% | 75,585 | $6.5M | Add +0.8% |
| THC Tenet Healthcare Corp. | 2.66% | 37,925 | $6.3M | Reduce -15.5% |
| BKNG Booking Holdings Inc. | 2.63% | 1,480 | $6.2M | Reduce -0.4% |
| VSXY Victoria's Secret & Co. | 2.62% | 241,937 | $6.2M | New |
| GLTR Abrdn Precious Metals Basket | 2.59% | 54,132 | $6.1M | Add +33.5% |
| CNK Cinemark Holdings Inc. | 2.58% | 220,200 | $6.1M | New |
| KLAC KLA Corp. | 2.49% | 7,634 | $5.9M | Reduce -5.0% |
| FTDR Frontdoor Inc. | 2.48% | 122,537 | $5.9M | New |
| GAP The Gap Inc. | 2.48% | 266,312 | $5.9M | Add +20.8% |
| LNG Cheniere Energy Inc. | 2.32% | 30,664 | $5.5M | New |
| XLE SS Energy Select Sector | 2.25% | 60,780 | $5.3M | Add +99.9% |
| CHWY Chewy Inc. Class A | 2.23% | 180,342 | $5.3M | New |
| MCK McKesson Corp. | 2.13% | 10,200 | $5.0M | Add +4.0% |
| EXR Extra Space Storage Inc. | 1.76% | 23,132 | $4.2M | Reduce -8.8% |
| PSA Public Storage | 1.66% | 10,820 | $3.9M | New |
| UDR Udr Inc. | 1.65% | 86,265 | $3.9M | Reduce -4.7% |
| CWEN Clearway Energy Inc. Class C | 1.64% | 127,119 | $3.9M | Reduce -4.1% |
| AMT American Tower Corp. | 1.60% | 16,350 | $3.8M | Reduce -5.2% |
| HESM Hess Midstream LP Class A | 1.59% | 106,699 | $3.8M | Reduce -0.9% |
| CCI Crown Castle Inc. | 1.54% | 30,762 | $3.6M | Reduce -1.6% |
| NVO Novo-Nordisk A/S-Spons ADR | 1.47% | 29,276 | $3.5M | Reduce -31.1% |
| XIFR XPLR Infrastructure LP filed as NEXTERA ENERGY PARTNERS LP | 1.47% | 125,827 | $3.5M | Add +18.6% |
| DKL Delek Logistics Partners LP | 1.46% | 79,126 | $3.5M | Reduce -0.6% |
| ORCL Oracle Corp. | 1.44% | 20,073 | $3.4M | Reduce -8.4% |
| AVGO Broadcom Inc. | 1.26% | 17,377 | $3.0M | Reduce -6.0% |
| ETN Eaton Corp. PLC | 1.24% | 8,898 | $2.9M | Add +6.2% |
| LMT Lockheed Martin Corp. | 1.22% | 4,965 | $2.9M | Reduce -21.3% |
| ACN Accenture PLC Class A | 1.22% | 8,165 | $2.9M | Add +4.1% |
| PG The Procter & Gamble Co. | 1.20% | 16,396 | $2.8M | Reduce -6.9% |
| BR Broadridge Financial Solutio | 1.18% | 12,973 | $2.8M | Reduce -0.9% |
| ADI Analog Devices Inc. | 1.17% | 12,081 | $2.8M | Reduce -7.1% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 1.17% | 2,664 | $2.8M | Reduce -9.4% |
| AMP Ameriprise Financial Inc. | 1.16% | 5,866 | $2.8M | Reduce -4.1% |
| HON Honeywell International Inc. | 1.15% | 13,252 | $2.7M | Reduce -1.8% |
| CVX Chevron Corp. | 1.15% | 18,570 | $2.7M | Add +112.0% |
| XOM Exxon Mobil Corp. | 1.14% | 23,085 | $2.7M | Add +90.5% |
| ELV Elevance Health Inc. | 1.13% | 5,169 | $2.7M | Reduce -4.5% |
| SNA Snap-on Inc. | 1.10% | 9,008 | $2.6M | Reduce -5.5% |
| PH Parker Hannifin Corp. | 1.03% | 3,867 | $2.4M | Reduce -18.4% |
| BHP BHP Group Ltd.-Spon ADR | 0.64% | 24,485 | $1.5M | No change |
| RIO Rio Tinto PLC-Spon ADR | 0.60% | 20,103 | $1.4M | No change |
| AAPL Apple Inc. | 0.57% | 5,782 | $1.3M | Add +206.9% |
| LRN Stride Inc. | 0.51% | 14,160 | $1.2M | Reduce -6.0% |
| META Meta Platforms Inc. Class A | 0.43% | 1,800 | $1.0M | New |
| CLS Celestica Inc. | 0.35% | 16,215 | $829K | Reduce -4.7% |
| GOOGL Alphabet Inc. Class A | 0.35% | 4,990 | $828K | Reduce -5.7% |
| BLDR Builders Firstsource Inc. | 0.29% | 3,600 | $698K | Reduce -5.3% |
| TNK Teekay Tankers Ltd. Class A | 0.27% | 11,005 | $641K | Reduce -5.2% |
| BMAR Innovator U.S. Equity Buffer | 0.19% | 9,808 | $442K | Reduce -28.9% |
| BAPR Innovator U.S. Equity Buffer | 0.13% | 7,160 | $311K | Reduce -25.4% |
Portfolio Sells Q2 2024 → Q3 2024
| FTAI Ftai Aviation Ltd. | Sold out | 0.00% | −4.20 |
| MEDP Medpace Holdings Inc. | Sold out | 0.00% | −3.30 |
| VST Vistra Corp. | Sold out | 0.00% | −2.47 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −2.44 |
| SM SM Energy Co. | Sold out | 0.00% | −2.21 |
| NSA National Storage Affiliates | Sold out | 0.00% | −1.76 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -31.1% | 1.47% | −1.42 |
| KLAC KLA Corp. | Reduce -5.0% | 2.49% | −0.66 |
| MOD Modine Manufacturing Co. | Reduce -28.6% | 2.94% | −0.57 |
| ACLS Axcelis Technologies Inc. | Sold out | 0.00% | −0.32 |
| LW Lamb Weston Holdings Inc. | Sold out | 0.00% | −0.30 |
| HESM Hess Midstream LP Class A | Reduce -0.9% | 1.59% | −0.28 |
| ELV Elevance Health Inc. | Reduce -4.5% | 1.13% | −0.26 |
| ADI Analog Devices Inc. | Reduce -7.1% | 1.17% | −0.24 |
| HON Honeywell International Inc. | Reduce -1.8% | 1.15% | −0.22 |
| THC Tenet Healthcare Corp. | Reduce -15.5% | 2.66% | −0.19 |
| PG The Procter & Gamble Co. | Reduce -6.9% | 1.20% | −0.19 |
| LMT Lockheed Martin Corp. | Reduce -21.3% | 1.22% | −0.18 |
| BKNG Booking Holdings Inc. | Reduce -0.4% | 2.63% | −0.17 |
| AVGO Broadcom Inc. | Reduce -6.0% | 1.26% | −0.15 |
| UDR Udr Inc. | Reduce -4.7% | 1.65% | −0.12 |
| EXR Extra Space Storage Inc. | Reduce -8.8% | 1.76% | −0.12 |
| CLS Celestica Inc. | Reduce -4.7% | 0.35% | −0.11 |
| PH Parker Hannifin Corp. | Reduce -18.4% | 1.03% | −0.11 |
| TNK Teekay Tankers Ltd. Class A | Reduce -5.2% | 0.27% | −0.11 |
| GOOGL Alphabet Inc. Class A | Reduce -5.7% | 0.35% | −0.11 |
| BMAR Innovator U.S. Equity Buffer | Reduce -28.9% | 0.19% | −0.10 |
| GWW WW Grainger Inc. | Reduce -9.4% | 1.17% | −0.10 |
| SNA Snap-on Inc. | Reduce -5.5% | 1.10% | −0.09 |
| AMP Ameriprise Financial Inc. | Reduce -4.1% | 1.16% | −0.08 |
| URI United Rentals Inc. | Reduce -12.2% | 2.84% | −0.08 |
| DKL Delek Logistics Partners LP | Reduce -0.6% | 1.46% | −0.08 |
| BAPR Innovator U.S. Equity Buffer | Reduce -25.4% | 0.13% | −0.06 |
| BR Broadridge Financial Solutio | Reduce -0.9% | 1.18% | −0.05 |
| ORCL Oracle Corp. | Reduce -8.4% | 1.44% | −0.03 |
| LRN Stride Inc. | Reduce -6.0% | 0.51% | +0.00 |
| AMT American Tower Corp. | Reduce -5.2% | 1.60% | +0.01 |
| BLDR Builders Firstsource Inc. | Reduce -5.3% | 0.29% | +0.04 |
| CCI Crown Castle Inc. | Reduce -1.6% | 1.54% | +0.09 |
| CWEN Clearway Energy Inc. Class C | Reduce -4.1% | 1.64% | +0.09 |
Portfolio Buys Q2 2024 → Q3 2024
| APP AppLovin Corp. Class A | New | 3.71% | +3.71 |
| VSXY Victoria's Secret & Co. | New | 2.62% | +2.62 |
| CNK Cinemark Holdings Inc. | New | 2.58% | +2.58 |
| FTDR Frontdoor Inc. | New | 2.48% | +2.48 |
| LNG Cheniere Energy Inc. | New | 2.32% | +2.32 |
| CHWY Chewy Inc. Class A | New | 2.23% | +2.23 |
| NRG NRG Energy Inc. | Add +77.0% | 4.34% | +1.97 |
| PSA Public Storage | New | 1.66% | +1.66 |
| XLE SS Energy Select Sector | Add +99.9% | 2.25% | +0.93 |
| GLTR Abrdn Precious Metals Basket | Add +33.5% | 2.59% | +0.60 |
| CVX Chevron Corp. | Add +112.0% | 1.15% | +0.50 |
| XOM Exxon Mobil Corp. | Add +90.5% | 1.14% | +0.48 |
| META Meta Platforms Inc. Class A | New | 0.43% | +0.43 |
| MTH Meritage Homes Corp. | Add +5.0% | 2.76% | +0.42 |
| AAPL Apple Inc. | Add +206.9% | 0.57% | +0.38 |
| CAT Caterpillar Inc. | Add +10.1% | 2.74% | +0.35 |
| KBH KB Home | Add +0.8% | 2.73% | +0.22 |
| ACN Accenture PLC Class A | Add +4.1% | 1.22% | +0.08 |
| XIFR XPLR Infrastructure LP | Add +18.6% | 1.47% | +0.07 |
| HALO Halozyme Therapeutics Inc. | Add +4.5% | 2.75% | +0.03 |
| ETN Eaton Corp. PLC | Add +6.2% | 1.24% | −0.01 |
| GAP The Gap Inc. | Add +20.8% | 2.48% | −0.03 |
| NVDA Nvidia Corp. | Add +3.9% | 2.76% | −0.29 |
| MSFT Microsoft Corp. | Add +5.2% | 3.84% | −0.44 |
| MCK McKesson Corp. | Add +4.0% | 2.13% | −0.60 |
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 |