Clearfield Capital Management LP

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Clearfield Capital Management LP reported 16 stock positions worth $182.3 million. Its top holding was Everus Construction (ECG) at 12.8% of the portfolio, followed by US Foods (USFD, 11.7%) and Vertiv Class A (VRT, 11.5%). Compared with Q4 2025, it opened 1 new position, sold out of 3, added to 4 and reduced 4. The biggest buy was a new position in Bitdeer Technologies Group-A (BTDR) and the biggest sale Whitefiber (WYFI, shares −86%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001643569
Portfolio Value
$182.3M (Q1 2026)
SEC Filing
0001643569-26-000003 ↗ filed May 15, 2026

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $117.9M Q1 2024 Q2 2024: $111.2M Q2 2024 Q3 2024: $161.0M Q3 2024 Q4 2024: $178.0M Q4 2024 Q1 2025: $76.2M Q1 2025 Q2 2025: $129.8M Q2 2025 Q3 2025: $167.1M Q3 2025 Q4 2025: $185.1M Q4 2025 Q1 2026: $182.3M $182.3M Q1 2026 Q2 2026: $142.6M Q2 2026

Holdings 16 stocks · $182.3M
ECG Everus Construction Group 12.80% 197,700 $23.3M No change
USFD US Foods Holding Corp. 11.75% 232,200 $21.4M No change
VRT Vertiv Holdings Co. Class A 11.46% 83,400 $20.9M No change
UAL United Airlines Holdings Inc. 11.25% 222,700 $20.5M Reduce -4.8%
DAL Delta Air Lines Inc. 7.21% 197,800 $13.1M Reduce -4.8%
TLN Talen Energy Corp. 6.85% 39,100 $12.5M No change
APLD Applied Digital Corp. 6.70% 514,379 $12.2M No change
CLSK Cleanspark Inc. 6.25% 1,339,798 $11.4M Add +0.5%
RIOT Riot Platforms Inc. 5.96% 879,182 $10.9M Add +118.5%
BTDR Bitdeer Technologies Group-A 5.77% 1,215,748 $10.5M New
VST Vistra Corp. 4.00% 48,481 $7.3M No change
WULF Terawulf Inc. 3.96% 500,000 $7.2M Add +347.6%
CEG Constellation Energy 3.89% 25,400 $7.1M No change
WYFI Whitefiber Inc. 1.21% 185,049 $2.2M Reduce -85.9%
CORZ Core Scientific Inc. 0.82% 100,000 $1.5M Add +3.0%
LESL Leslie's Inc. 0.12% 191,426 $214K Reduce -0.1%

Options reported separately and not counted above: CORZ calls ($5.6M).

Portfolio Sells Q4 2025 → Q1 2026
WYFI Whitefiber Inc. Reduce -85.9% 1.21% −10.00
CIFR Cipher Digital Inc. Sold out 0.00% −2.92
UAL United Airlines Holdings Inc. Reduce -4.8% 11.25% −2.89
BITF Bitfarms Ltd./Canada Sold out 0.00% −1.33
CAN Canaan Inc. Sold out 0.00% −1.26
DAL Delta Air Lines Inc. Reduce -4.8% 7.21% −0.57
LESL Leslie's Inc. Reduce -0.1% 0.12% −0.05

Portfolio Buys Q4 2025 → Q1 2026
BTDR Bitdeer Technologies Group-A New 5.77% +5.77
WULF Terawulf Inc. Add +347.6% 3.96% +3.26
RIOT Riot Platforms Inc. Add +118.5% 5.96% +3.21
CORZ Core Scientific Inc. Add +3.0% 0.82% +0.06
CLSK Cleanspark Inc. Add +0.5% 6.25% −1.04

Options Activity Q4 2025 → Q1 2026
CORZ Core Scientific Inc. call Reduce -85.7% 372,000 $5.6M

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 5$142.6MBTDR, WULF, KEEL, APLD, CLSK
Q1 2026 16$182.3MECG, USFD, VRT, UAL, DAL
Q4 2025 18$185.1MUAL, WYFI, USFD, ECG, TLN
Q3 2025 11$167.1MUAL, TLN, ECG, USFD, DAL
Q2 2025 12$129.8MUSFD, VRT, ECG, UAL, CEG
Q1 2025 6$76.2MAPLD, USFD, IFF, PFGC, ECG
Q4 2024 18$178.0MAPLD, IFF, USFD, UAL, MAR
Q3 2024 5$161.0MAPLD, IFF, USFD, LESLIES INC, CMTL
Q2 2024 8$111.2MAPLD, IFF, USFD, LESLIES INC, ASH
Q1 2024 10$117.9MIFF, USFD, WSC, RBA, ASH