Clearfield Capital Management LP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Clearfield Capital Management LP reported 11 stock positions worth $167.1 million. Its top holding was United Airlines (UAL) at 21.4% of the portfolio, followed by Talen Energy (TLN, 11.6%) and Everus Construction (ECG, 11.6%). Compared with Q2 2025, it opened 2 new positions, sold out of 3, added to 5 and reduced 4. The biggest buy was United Airlines (UAL, shares +170%) and the biggest sale an exit from Zoominfo Technologies (GTM).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001643569
- Portfolio Value
- $167.1M (Q3 2025)
- SEC Filing
- 0001643569-25-000008 ↗ filed Nov 14, 2025
Holdings Value
Holdings 11 stocks · $167.1M
| UAL United Airlines Holdings Inc. | 21.35% | 369,700 | $35.7M | Add +170.0% |
| TLN Talen Energy Corp. | 11.58% | 45,500 | $19.4M | Add +34.2% |
| ECG Everus Construction Group | 11.58% | 225,600 | $19.3M | Add +7.1% |
| USFD US Foods Holding Corp. | 11.56% | 252,200 | $19.3M | Reduce -18.3% |
| DAL Delta Air Lines Inc. | 10.07% | 296,500 | $16.8M | Add +50.4% |
| VRT Vertiv Holdings Co. Class A | 9.19% | 101,800 | $15.4M | Reduce -22.9% |
| APLD Applied Digital Corp. | 7.54% | 549,479 | $12.6M | Reduce -3.5% |
| VST Vistra Corp. | 6.92% | 59,000 | $11.6M | Add +9.1% |
| CEG Constellation Energy | 6.05% | 30,700 | $10.1M | Reduce -7.0% |
| WYFI Whitefiber Inc. | 4.06% | 249,482 | $6.8M | New |
| LESL Leslie's Inc. | 0.10% | 30,872 | $170K | New |
Portfolio Sells Q2 2025 → Q3 2025
| GTM Zoominfo Technologies Inc. | Sold out | 0.00% | −7.62 |
| USFD US Foods Holding Corp. | Reduce -18.3% | 11.56% | −6.73 |
| ALK Alaska Air Group Inc. | Sold out | 0.00% | −4.15 |
| VRT Vertiv Holdings Co. Class A | Reduce -22.9% | 9.19% | −3.87 |
| VSTS Vestis Corp. | Sold out | 0.00% | −2.40 |
| CEG Constellation Energy | Reduce -7.0% | 6.05% | −2.16 |
| APLD Applied Digital Corp. | Reduce -3.5% | 7.54% | +3.13 |
Portfolio Buys Q2 2025 → Q3 2025
| UAL United Airlines Holdings Inc. | Add +170.0% | 21.35% | +12.95 |
| WYFI Whitefiber Inc. | New | 4.06% | +4.06 |
| TLN Talen Energy Corp. | Add +34.2% | 11.58% | +3.99 |
| DAL Delta Air Lines Inc. | Add +50.4% | 10.07% | +2.60 |
| ECG Everus Construction Group | Add +7.1% | 11.58% | +1.27 |
| LESL Leslie's Inc. | New | 0.10% | +0.10 |
| VST Vistra Corp. | Add +9.1% | 6.92% | −1.16 |
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 |