Prana Capital Management, LP

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Prana Capital Management, LP reported 93 stock positions worth $2.5 billion. Its top holding was BlackRock (BLK) at 7.3% of the portfolio, followed by Mastercard Class A (MA, 5.9%) and Bank of America (BAC, 5.5%). Compared with Q4 2024, it opened 29 new positions, sold out of 30, added to 43 and reduced 21. The biggest buy was KKR (KKR, shares +604%) and the biggest sale American International (AIG, shares −51%).

Most Recent 13F
Q2 2026
Location
GREENWICH, CT
CIK
0001710951
Portfolio Value
$2.5B (Q1 2025)
SEC Filing
0001420506-25-001288 ↗ filed May 15, 2025

Holdings Value

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $2.2B Q1 2024 Q2 2024: $2.1B Q2 2024 Q3 2024: $2.2B Q3 2024 Q4 2024: $2.1B Q4 2024 Q1 2025: $2.5B $2.5B Q1 2025 Q2 2025: $2.8B Q2 2025 Q3 2025: $3.0B Q3 2025 Q4 2025: $2.8B Q4 2025 Q1 2026: $3.3B Q1 2026 Q2 2026: $3.3B Q2 2026

Holdings 93 stocks · $2.5B
BLK BlackRock Inc. 7.29% 189,403 $179.3M Add +58.8%
MA Mastercard Inc. Class A 5.93% 265,970 $145.8M Add +181.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 5.52% 3,252,031 $135.7M Add +92.9%
ICE Intercontinental Exchange Inc. 4.82% 686,279 $118.4M Add +1.9%
KKR KKR & Co. Inc. 4.61% 979,382 $113.2M Add +603.6%
USB US Bancorp 4.27% 2,488,411 $105.1M Add +13.7%
AON Aon PLC Class A 4.10% 252,614 $100.8M Add +92.6%
NDAQ Nasdaq Inc. 3.72% 1,204,321 $91.4M Reduce -10.9%
AIG American International Group 3.29% 929,436 $80.8M Reduce -51.5%
C Citigroup Inc. 2.77% 958,530 $68.0M Reduce -36.2%
AXP American Express Co. 2.71% 247,791 $66.7M Add +316.1%
WTW Willis Towers Watson PLC 2.53% 184,133 $62.2M Add +16.1%
ACN Accenture PLC Class A 2.42% 190,981 $59.6M Add +86.0%
SSNC Ss&c Technologies Holdings 2.34% 595,220 $57.4M Add +218.0%
TFC Truist Financial Corp. 2.31% 1,382,277 $56.9M Reduce -48.8%
RGA Reinsurance Group of America 2.07% 258,256 $50.9M Add +65.3%
KEY Keycorp 1.91% 2,940,330 $47.0M Add +31.9%
CFG Citizens Financial Group 1.79% 1,075,548 $44.1M Add +53.9%
ALL Allstate Corp. 1.78% 210,682 $43.6M Add +72.3%
STT State Street Corp. 1.55% 425,603 $38.1M Add +11.9%
FIS Fidelity National Info Serv 1.37% 451,297 $33.7M Add +295.9%
MS Morgan Stanley 1.35% 284,611 $33.2M New
NTRS Northern Trust Corp. 1.34% 333,577 $32.9M Add +265.8%
TOL Toll Brothers Inc. 1.24% 288,730 $30.5M New
SEIC Sei Investments Company 1.21% 383,961 $29.8M Add +28.4%
SPG Simon Property Group Inc. 1.20% 176,891 $29.4M Add +97.4%
LOW Lowe's Cos Inc. 1.19% 125,901 $29.4M Reduce -42.9%
SPGI S&P Global Inc. 1.13% 54,565 $27.7M New
GS Goldman Sachs Group Inc. 1.06% 47,667 $26.0M Reduce -49.7%
WMT Walmart Inc. 0.95% 265,888 $23.3M Add +175.8%
ARES Ares Management Corp. Class A 0.85% 143,219 $21.0M Add +1.0%
ADP Automatic Data Processing 0.85% 68,571 $21.0M New
SCHW Schwab (charles) Corp. 0.82% 256,305 $20.1M New
WM Waste Management Inc. 0.80% 85,113 $19.7M Add +2966.0%
JLL Jones Lang Lasalle Inc. 0.77% 75,878 $18.8M Reduce -2.2%
MSCI MSCI Inc. 0.73% 31,909 $18.0M New
TRU Transunion 0.71% 211,205 $17.5M New
GPN Global Payments Inc. 0.66% 165,467 $16.2M Reduce -18.1%
INTU Intuit Inc. 0.64% 25,502 $15.7M Add +4.8%
RF Regions Financial Corp. 0.58% 654,290 $14.2M Add +143.3%
CINF Cincinnati Financial Corp. 0.57% 95,561 $14.1M New
HBAN Huntington Bancshares Inc. 0.56% 911,202 $13.7M Reduce -43.0%
VOYA Voya Financial Inc. 0.55% 201,137 $13.6M New
TGT Target Corp. 0.54% 128,028 $13.4M Add +603.6%
CRM Salesforce Inc. 0.52% 47,754 $12.8M Add +57.5%
FDS Factset Research Systems Inc. 0.51% 27,458 $12.5M Add +1416.2%
SF Stifel Financial Corp. 0.49% 129,023 $12.2M Add +292.1%
MKL Markel Group Inc. 0.45% 5,857 $11.0M Add +31.8%
BR Broadridge Financial Solutio 0.44% 44,370 $10.8M Add +117.0%
XYZ Block Inc. 0.44% 197,157 $10.7M Add +314.4%
MKTX Marketaxess Holdings Inc. 0.39% 44,411 $9.6M Add +32.5%
IBKR Interactive Brokers Gro Class A 0.39% 57,915 $9.6M Add +422.8%
CSGP Costar Group Inc. 0.39% 120,564 $9.6M Add +57.6%
RYAN Ryan Specialty Holdings Inc. 0.38% 127,364 $9.4M New
CPAY Corpay Inc. 0.38% 26,691 $9.3M Add +12.5%
FCNCA First Citizens Bcshs Class A 0.37% 4,849 $9.0M New
ORCL Oracle Corp. 0.36% 63,996 $8.9M Add +6.8%
UNM Unum Group 0.36% 108,444 $8.8M Add +470.0%
PRI Primerica Inc. 0.35% 30,536 $8.7M New
BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC 0.33% 70,726 $8.1M Reduce -22.5%
TPG TPG Inc. 0.31% 161,967 $7.7M Add +685.9%
HLI Houlihan Lokey Inc. 0.23% 34,331 $5.5M Add +80.9%
UNH Unitedhealth Group Inc. 0.22% 10,501 $5.5M New
AFG American Financial Group Inc. 0.21% 39,525 $5.2M New
CBOE Cboe Global Markets Inc. 0.21% 22,693 $5.1M New
CTSH Cognizant Tech Solutions-A 0.20% 64,626 $4.9M Reduce -60.5%
EG Everest Group Ltd. 0.20% 13,476 $4.9M Reduce -86.2%
ECL Ecolab Inc. 0.20% 19,036 $4.8M New
HOOD Robinhood Markets Inc. Class A 0.19% 109,831 $4.6M Reduce -52.0%
JHG Janus Henderson Group PLC 0.15% 102,456 $3.7M New
GLOB Globant SA 0.15% 30,320 $3.6M New
LAZ Lazard Inc. 0.14% 81,958 $3.5M New
DHI D.R. Horton Inc. 0.14% 26,857 $3.4M New
FOUR SHIFT4 Payments Inc. Class A 0.13% 38,251 $3.1M Reduce -25.8%
RKT Rocket Cos Inc. Class A 0.13% 258,845 $3.1M Reduce -31.9%
BAM Brookfield Asset Mgmt-A 0.11% 56,032 $2.7M New
IT Gartner Inc. 0.10% 5,758 $2.4M Reduce -85.0%
CPRT Copart Inc. 0.10% 41,901 $2.4M New
CNC Centene Corp. 0.09% 37,825 $2.3M Add +312.9%
HCA HCA Healthcare Inc. 0.09% 6,560 $2.3M New
BGC BGC Group Inc. Class A 0.08% 225,867 $2.1M Add +435.4%
VIRT Virtu Financial Inc. Class A 0.08% 51,996 $2.0M Add +88.3%
ADBE Adobe Inc. 0.08% 5,155 $2.0M Reduce -74.6%
ARMK Aramark 0.08% 56,208 $1.9M New
GFL GFL Environmental Inc.-Sub VT 0.07% 37,957 $1.8M New
STEP Stepstone Group Inc. Class A 0.06% 30,384 $1.6M New
ELV Elevance Health Inc. 0.06% 3,561 $1.5M Reduce -85.8%
CSX CSX Corp. 0.06% 47,035 $1.4M Reduce -36.9%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.05% 13,016 $1.1M Reduce -9.8%
WEX Wex Inc. 0.04% 5,918 $929K New
BILL Bill Holdings Inc. 0.03% 18,345 $842K New
FTDR Frontdoor Inc. 0.03% 20,938 $804K New
MQ Marqeta Inc. 0.00% 25,929 $107K Reduce -92.1%

Options reported separately and not counted above: CG calls ($5.2M), GPN calls ($4.4M), MKTX puts ($1.1M).

Portfolio Sells Q4 2024 → Q1 2025
AIG American International Group Reduce -51.5% 3.29% −3.36
TFC Truist Financial Corp. Reduce -48.8% 2.31% −3.27
CB Chubb Ltd. Sold out 0.00% −2.94
C Citigroup Inc. Reduce -36.2% 2.77% −2.27
PAYX Paychex Inc. Sold out 0.00% −1.59
GS Goldman Sachs Group Inc. Reduce -49.7% 1.06% −1.53
EG Everest Group Ltd. Reduce -86.2% 0.20% −1.48
LOW Lowe's Cos Inc. Reduce -42.9% 1.19% −1.40
NDAQ Nasdaq Inc. Reduce -10.9% 3.72% −1.26
PRU Prudential Financial Inc. Sold out 0.00% −1.23
CG The Carlyle Group Inc. Sold out 0.00% −1.12
COF Capital One Financial Corp. Sold out 0.00% −1.05
BRK.B Berkshire Hathaway Inc. Class B Sold out 0.00% −0.96
LEN Lennar Corp. Class A Sold out 0.00% −0.94
PHM Pultegroup Inc. Sold out 0.00% −0.93
CRBG Corebridge Financial Inc. Sold out 0.00% −0.91
IT Gartner Inc. Reduce -85.0% 0.10% −0.79
TRI Thomson Reuters Corp. Sold out 0.00% −0.71
HBAN Huntington Bancshares Inc. Reduce -43.0% 0.56% −0.68
DFS Discover Financial Services Sold out 0.00% −0.50
EFX Equifax Inc. Sold out 0.00% −0.42
GPN Global Payments Inc. Reduce -18.1% 0.66% −0.42
WCN Waste Connections Inc. Sold out 0.00% −0.41
INVH Invitation Homes Inc. Sold out 0.00% −0.40
CTSH Cognizant Tech Solutions-A Reduce -60.5% 0.20% −0.40
PFG Principal Financial Group Sold out 0.00% −0.39
ELV Elevance Health Inc. Reduce -85.8% 0.06% −0.38
ADBE Adobe Inc. Reduce -74.6% 0.08% −0.35
FNF Fidelity National Financial Sold out 0.00% −0.32
ESNT Essent Group Ltd. Sold out 0.00% −0.27
ROL Rollins Inc. Sold out 0.00% −0.27
HOOD Robinhood Markets Inc. Class A Reduce -52.0% 0.19% −0.22
TW Tradeweb Markets Inc. Class A Sold out 0.00% −0.19
AMG Affiliated Managers Group Sold out 0.00% −0.18
TROW T Rowe Price Group Inc. Sold out 0.00% −0.18
JLL Jones Lang Lasalle Inc. Reduce -2.2% 0.77% −0.17
MC Moelis & Co. Class A Sold out 0.00% −0.17
IVZ Invesco Ltd. Sold out 0.00% −0.14
MRSH Marsh & McLennan Cos Sold out 0.00% −0.14
FOUR SHIFT4 Payments Inc. Class A Reduce -25.8% 0.13% −0.13
UNP Union Pacific Corp. Sold out 0.00% −0.10
RKT Rocket Cos Inc. Class A Reduce -31.9% 0.13% −0.08
BJ Bj's Wholesale Club Holdings Reduce -22.5% 0.33% −0.06
CSX CSX Corp. Reduce -36.9% 0.06% −0.06
JKHY Jack Henry & Associates Inc. Sold out 0.00% −0.06
MQ Marqeta Inc. Reduce -92.1% 0.00% −0.05
UWMC Uwm Holdings Corp. Sold out 0.00% −0.05
CNI Canadian Natl Railway Co. Sold out 0.00% −0.04
IRM Iron Mountain Inc. Reduce -9.8% 0.05% −0.03
NSC Norfolk Southern Corp. Sold out 0.00% −0.03

Portfolio Buys Q4 2024 → Q1 2025
KKR KKR & Co. Inc. Add +603.6% 4.61% +3.63
MA Mastercard Inc. Class A Add +181.0% 5.93% +3.56
BAC Bank of America Corp. Add +92.9% 5.52% +1.99
AXP American Express Co. Add +316.1% 2.71% +1.87
AON Aon PLC Class A Add +92.6% 4.10% +1.86
SSNC Ss&c Technologies Holdings Add +218.0% 2.34% +1.66
BLK BlackRock Inc. Add +58.8% 7.29% +1.47
MS Morgan Stanley New 1.35% +1.35
TOL Toll Brothers Inc. New 1.24% +1.24
SPGI S&P Global Inc. New 1.13% +1.13
FIS Fidelity National Info Serv Add +295.9% 1.37% +0.93
NTRS Northern Trust Corp. Add +265.8% 1.34% +0.89
ADP Automatic Data Processing New 0.85% +0.85
SCHW Schwab (charles) Corp. New 0.82% +0.82
WM Waste Management Inc. Add +2966.0% 0.80% +0.78
MSCI MSCI Inc. New 0.73% +0.73
TRU Transunion New 0.71% +0.71
ACN Accenture PLC Class A Add +86.0% 2.42% +0.70
ALL Allstate Corp. Add +72.3% 1.78% +0.65
CINF Cincinnati Financial Corp. New 0.57% +0.57
VOYA Voya Financial Inc. New 0.55% +0.55
WMT Walmart Inc. Add +175.8% 0.95% +0.53
RGA Reinsurance Group of America Add +65.3% 2.07% +0.48
FDS Factset Research Systems Inc. Add +1416.2% 0.51% +0.47
SPG Simon Property Group Inc. Add +97.4% 1.20% +0.46
TGT Target Corp. Add +603.6% 0.54% +0.43
RYAN Ryan Specialty Holdings Inc. New 0.38% +0.38
FCNCA First Citizens Bcshs Class A New 0.37% +0.37
PRI Primerica Inc. New 0.35% +0.35
CFG Citizens Financial Group Add +53.9% 1.79% +0.33
SF Stifel Financial Corp. Add +292.1% 0.49% +0.33
IBKR Interactive Brokers Gro Class A Add +422.8% 0.39% +0.30
UNM Unum Group Add +470.0% 0.36% +0.29
RF Regions Financial Corp. Add +143.3% 0.58% +0.28
TPG TPG Inc. Add +685.9% 0.31% +0.25
XYZ Block Inc. Add +314.4% 0.44% +0.24
UNH Unitedhealth Group Inc. New 0.22% +0.22
BR Broadridge Financial Solutio Add +117.0% 0.44% +0.22
AFG American Financial Group Inc. New 0.21% +0.21
CBOE Cboe Global Markets Inc. New 0.21% +0.21
ECL Ecolab Inc. New 0.20% +0.20
WTW Willis Towers Watson PLC Add +16.1% 2.53% +0.16
JHG Janus Henderson Group PLC New 0.15% +0.15
GLOB Globant SA New 0.15% +0.15
LAZ Lazard Inc. New 0.14% +0.14
DHI D.R. Horton Inc. New 0.14% +0.14
CSGP Costar Group Inc. Add +57.6% 0.39% +0.13
BAM Brookfield Asset Mgmt-A New 0.11% +0.11
CPRT Copart Inc. New 0.10% +0.10
HCA HCA Healthcare Inc. New 0.09% +0.09

Options Activity Q4 2024 → Q1 2025
BAC Bank of America Corp. put Sold out 230,000 $10.1Mbefore exit
CG The Carlyle Group Inc. call New 120,000 $5.2M
GPN Global Payments Inc. call New 45,100 $4.4M
MKTX Marketaxess Holdings Inc. put New 5,000 $1.1M

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 118$3.3BBLK, BAC, MA, CB, HD
Q1 2026 126$3.3BBLK, MA, BAC, ICE, TFC
Q4 2025 113$2.8BBLK, BAC, C, TFC, AMP
Q3 2025 108$3.0BBLK, BAC, CB, USB, AON
Q2 2025 104$2.8BBLK, AON, MA, BAC, USB
Q1 2025 93$2.5BBLK, MA, BAC, ICE, KKR
Q4 2024 94$2.1BAIG, BLK, TFC, C, USB
Q3 2024 85$2.2BAIG, WTW, USB, TFC, C
Q2 2024 93$2.1BC, WTW, TFC, MA, AON
Q1 2024 86$2.2BC, EG, TFC, WTW, AON