Clearfield Capital Management LP
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Clearfield Capital Management LP reported 18 stock positions worth $178.0 million. Its top holding was Applied Digital (APLD) at 21.5% of the portfolio, followed by Intl Flavors & Fragrances (IFF, 12.7%) and US Foods (USFD, 11.2%). Compared with Q3 2024, it opened 14 new positions, sold out of 1 and reduced 2. The biggest buy was a new position in United Airlines (UAL) and the biggest sale Applied Digital (APLD, shares −59%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001643569
- Portfolio Value
- $178.0M (Q4 2024)
- SEC Filing
- 0001643569-25-000002 ↗ filed Feb 14, 2025
Holdings Value
Holdings 18 stocks · $178.0M
| APLD Applied Digital Corp. | 21.48% | 5,005,779 | $38.2M | Reduce -58.5% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 12.70% | 267,400 | $22.6M | No change |
| USFD US Foods Holding Corp. | 11.16% | 294,595 | $19.9M | No change |
| UAL United Airlines Holdings Inc. | 11.07% | 203,000 | $19.7M | New |
| MAR Marriott International Class A | 8.19% | 52,300 | $14.6M | New |
| H Hyatt Hotels Corp. Class A | 5.68% | 64,400 | $10.1M | New |
| HLT Hilton Worldwide Holdings Inc. | 5.66% | 40,800 | $10.1M | New |
| DAL Delta Air Lines Inc. | 4.46% | 131,400 | $7.9M | New |
| BTDR Bitdeer Technologies Group-A | 3.26% | 267,500 | $5.8M | New |
| NCLH Norwegian Cruise Line Holdin | 2.74% | 189,800 | $4.9M | New |
| CCL Carnival Corp. | 2.26% | 161,600 | $4.0M | New |
| RCL Royal Caribbean Cruises Ltd. | 2.22% | 17,100 | $3.9M | New |
| CMTL Comtech Telecommunications | 2.17% | 962,587 | $3.9M | Reduce -27.9% |
| VMC Vulcan Materials Co. | 1.85% | 12,800 | $3.3M | New |
| CIFR Cipher Digital Inc. | 1.77% | 677,900 | $3.1M | New |
| MLM Martin Marietta Materials | 1.65% | 5,700 | $2.9M | New |
| NSC Norfolk Southern Corp. | 1.15% | 8,700 | $2.0M | New |
| WH Wyndham Hotels & Resorts Inc. | 0.53% | 9,300 | $937K | New |
Portfolio Sells Q3 2024 → Q4 2024
| APLD Applied Digital Corp. | Reduce -58.5% | 21.48% | −40.31 |
| LESLIES INC | Sold out | 0.00% | −5.55 |
| CMTL Comtech Telecommunications | Reduce -27.9% | 2.17% | −1.82 |
Portfolio Buys Q3 2024 → Q4 2024
| UAL United Airlines Holdings Inc. | New | 11.07% | +11.07 |
| MAR Marriott International Class A | New | 8.19% | +8.19 |
| H Hyatt Hotels Corp. Class A | New | 5.68% | +5.68 |
| HLT Hilton Worldwide Holdings Inc. | New | 5.66% | +5.66 |
| DAL Delta Air Lines Inc. | New | 4.46% | +4.46 |
| BTDR Bitdeer Technologies Group-A | New | 3.26% | +3.26 |
| NCLH Norwegian Cruise Line Holdin | New | 2.74% | +2.74 |
| CCL Carnival Corp. | New | 2.26% | +2.26 |
| RCL Royal Caribbean Cruises Ltd. | New | 2.22% | +2.22 |
| VMC Vulcan Materials Co. | New | 1.85% | +1.85 |
| CIFR Cipher Digital Inc. | New | 1.77% | +1.77 |
| MLM Martin Marietta Materials | New | 1.65% | +1.65 |
| NSC Norfolk Southern Corp. | New | 1.15% | +1.15 |
| WH Wyndham Hotels & Resorts Inc. | New | 0.53% | +0.53 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 5 | $142.6M | BTDR, WULF, KEEL, APLD, CLSK |
| Q1 2026 | 16 | $182.3M | ECG, USFD, VRT, UAL, DAL |
| Q4 2025 | 18 | $185.1M | UAL, WYFI, USFD, ECG, TLN |
| Q3 2025 | 11 | $167.1M | UAL, TLN, ECG, USFD, DAL |
| Q2 2025 | 12 | $129.8M | USFD, VRT, ECG, UAL, CEG |
| Q1 2025 | 6 | $76.2M | APLD, USFD, IFF, PFGC, ECG |
| Q4 2024 | 18 | $178.0M | APLD, IFF, USFD, UAL, MAR |
| Q3 2024 | 5 | $161.0M | APLD, IFF, USFD, LESLIES INC, CMTL |
| Q2 2024 | 8 | $111.2M | APLD, IFF, USFD, LESLIES INC, ASH |
| Q1 2024 | 10 | $117.9M | IFF, USFD, WSC, RBA, ASH |