Clearfield Capital Management LP
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Clearfield Capital Management LP reported 6 stock positions worth $76.2 million. Its top holding was Applied Digital (APLD) at 30.8% of the portfolio, followed by US Foods (USFD, 26.5%) and Intl Flavors & Fragrances (IFF, 19.6%). Compared with Q4 2024, it opened 2 new positions, sold out of 14, added to 1 and reduced 3. The biggest buy was US Foods (USFD, shares +5%) and the biggest sale an exit from United Airlines (UAL).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001643569
- Portfolio Value
- $76.2M (Q1 2025)
- SEC Filing
- 0001643569-25-000003 ↗ filed May 15, 2025
Holdings Value
Holdings 6 stocks · $76.2M
| APLD Applied Digital Corp. | 30.80% | 4,176,179 | $23.5M | Reduce -16.6% |
| USFD US Foods Holding Corp. | 26.50% | 308,495 | $20.2M | Add +4.7% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 19.63% | 192,696 | $15.0M | Reduce -27.9% |
| PFGC Performance Food Group Co. | 12.64% | 122,500 | $9.6M | New |
| ECG Everus Construction Group | 9.34% | 191,900 | $7.1M | New |
| CMTL Comtech Telecommunications | 1.08% | 516,081 | $826K | Reduce -46.4% |
Portfolio Sells Q4 2024 → Q1 2025
| UAL United Airlines Holdings Inc. | Sold out | 0.00% | −11.07 |
| MAR Marriott International Class A | Sold out | 0.00% | −8.19 |
| H Hyatt Hotels Corp. Class A | Sold out | 0.00% | −5.68 |
| HLT Hilton Worldwide Holdings Inc. | Sold out | 0.00% | −5.66 |
| DAL Delta Air Lines Inc. | Sold out | 0.00% | −4.46 |
| BTDR Bitdeer Technologies Group-A | Sold out | 0.00% | −3.26 |
| NCLH Norwegian Cruise Line Holdin | Sold out | 0.00% | −2.74 |
| CCL Carnival Corp. | Sold out | 0.00% | −2.26 |
| RCL Royal Caribbean Cruises Ltd. | Sold out | 0.00% | −2.22 |
| VMC Vulcan Materials Co. | Sold out | 0.00% | −1.85 |
| CIFR Cipher Digital Inc. | Sold out | 0.00% | −1.77 |
| MLM Martin Marietta Materials | Sold out | 0.00% | −1.65 |
| NSC Norfolk Southern Corp. | Sold out | 0.00% | −1.15 |
| CMTL Comtech Telecommunications | Reduce -46.4% | 1.08% | −1.08 |
| WH Wyndham Hotels & Resorts Inc. | Sold out | 0.00% | −0.53 |
| IFF Intl Flavors & Fragrances | Reduce -27.9% | 19.63% | +6.93 |
| APLD Applied Digital Corp. | Reduce -16.6% | 30.80% | +9.32 |
Portfolio Buys Q4 2024 → Q1 2025
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 |