Prana Capital Management, LP

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Prana Capital Management, LP reported 104 stock positions worth $2.8 billion. Its top holding was BlackRock (BLK) at 7.6% of the portfolio, followed by Aon Class A (AON, 6.7%) and Mastercard Class A (MA, 5.7%). Compared with Q1 2025, it opened 37 new positions, sold out of 26, added to 35 and reduced 32. The biggest buy was a new position in Brown & Brown (BRO) and the biggest sale KKR (KKR, shares −85%).

Most Recent 13F
Q2 2026
Location
GREENWICH, CT
CIK
0001710951
Portfolio Value
$2.8B (Q2 2025)
SEC Filing
0001420506-25-002164 ↗ filed Aug 14, 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 Q1 2025 Q2 2025: $2.8B $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 104 stocks · $2.8B
BLK BlackRock Inc. 7.60% 199,948 $209.8M Add +5.6%
AON Aon PLC Class A 6.69% 517,507 $184.6M Add +104.9%
MA Mastercard Inc. Class A 5.66% 278,132 $156.3M Add +4.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 4.85% 2,829,686 $133.9M Reduce -13.0%
USB US Bancorp 4.08% 2,490,049 $112.7M Add +0.1%
TFC Truist Financial Corp. 3.91% 2,513,170 $108.0M Add +81.8%
ALL Allstate Corp. 3.74% 513,355 $103.3M Add +143.7%
WTW Willis Towers Watson PLC 3.63% 327,485 $100.4M Add +77.8%
C Citigroup Inc. 3.36% 1,091,315 $92.9M Add +13.8%
ICE Intercontinental Exchange Inc. 3.18% 478,767 $87.8M Reduce -30.2%
BRO Brown & Brown Inc. 2.81% 700,592 $77.7M New
KEY Keycorp 2.56% 4,063,490 $70.8M Add +38.2%
CFG Citizens Financial Group 2.46% 1,515,682 $67.8M Add +40.9%
NDAQ Nasdaq Inc. 2.28% 704,499 $63.0M Reduce -41.5%
AIG American International Group 2.11% 679,819 $58.2M Reduce -26.9%
CB Chubb Ltd. 1.97% 187,562 $54.3M New
SSNC Ss&c Technologies Holdings 1.71% 571,015 $47.3M Reduce -4.1%
MS Morgan Stanley 1.67% 327,342 $46.1M Add +15.0%
MCO Moody's Corp. 1.47% 81,043 $40.7M New
LOW Lowe's Cos Inc. 1.46% 181,248 $40.2M Add +44.0%
SEIC Sei Investments Company 1.44% 442,288 $39.7M Add +15.2%
AXP American Express Co. 1.41% 122,093 $38.9M Reduce -50.7%
JLL Jones Lang Lasalle Inc. 1.34% 144,753 $37.0M Add +90.8%
LEN Lennar Corp. Class A 1.34% 333,791 $36.9M New
SPG Simon Property Group Inc. 1.31% 225,401 $36.2M Add +27.4%
TOL Toll Brothers Inc. 1.11% 268,187 $30.6M Reduce -7.1%
AFL Aflac Inc. 1.10% 287,779 $30.3M New
STT State Street Corp. 1.08% 279,577 $29.7M Reduce -34.3%
RGA Reinsurance Group of America 1.07% 149,519 $29.7M Reduce -42.1%
BX Blackstone Inc. 1.07% 197,910 $29.6M New
GPN Global Payments Inc. 0.89% 307,044 $24.6M Add +85.6%
FIS Fidelity National Info Serv 0.85% 288,202 $23.5M Reduce -36.1%
GS Goldman Sachs Group Inc. 0.83% 32,435 $23.0M Reduce -32.0%
TRU Transunion 0.79% 249,132 $21.9M Add +18.0%
NTRS Northern Trust Corp. 0.79% 172,375 $21.9M Reduce -48.3%
IBKR Interactive Brokers Gro Class A 0.77% 385,087 $21.3M Add +66.2%
PFG Principal Financial Group 0.75% 259,230 $20.6M New
CTSH Cognizant Tech Solutions-A 0.72% 255,821 $20.0M Add +295.9%
SF Stifel Financial Corp. 0.72% 191,986 $19.9M Add +48.8%
KKR KKR & Co. Inc. 0.72% 149,436 $19.9M Reduce -84.7%
BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC 0.71% 181,903 $19.6M Add +157.2%
OWL Blue Owl Capital Inc. 0.66% 953,139 $18.3M New
CG The Carlyle Group Inc. 0.63% 337,997 $17.4M New
SPGI S&P Global Inc. 0.62% 32,359 $17.1M Reduce -40.7%
IT Gartner Inc. 0.60% 41,141 $16.6M Add +614.5%
WM Waste Management Inc. 0.55% 66,874 $15.3M Reduce -21.4%
PRI Primerica Inc. 0.54% 54,484 $14.9M Add +78.4%
MSCI MSCI Inc. 0.53% 25,574 $14.7M Reduce -19.9%
EG Everest Group Ltd. 0.46% 37,781 $12.8M Add +180.4%
PLD Prologis Inc. 0.44% 115,874 $12.2M New
FNF Fidelity National Financial 0.44% 214,954 $12.1M New
ACN Accenture PLC Class A 0.39% 36,442 $10.9M Reduce -80.9%
XYZ Block Inc. 0.38% 153,629 $10.4M Reduce -22.1%
AIZ Assurant Inc. 0.37% 51,498 $10.2M New
INVH Invitation Homes Inc. 0.34% 283,176 $9.3M New
BEN Franklin Templeton Inc. 0.32% 365,015 $8.7M New
CSGP Costar Group Inc. 0.29% 98,426 $7.9M Reduce -18.4%
EVR Evercore Inc. Class A 0.29% 29,244 $7.9M New
UNH Unitedhealth Group Inc. 0.28% 24,737 $7.7M Add +135.6%
MKL Markel Group Inc. 0.26% 3,579 $7.1M Reduce -38.9%
MKTX Marketaxess Holdings Inc. 0.25% 30,815 $6.9M Reduce -30.6%
EQH Equitable Holdings Inc. 0.24% 116,109 $6.5M New
AFG American Financial Group Inc. 0.21% 46,408 $5.9M Add +17.4%
FCNCA First Citizens Bcshs Class A 0.20% 2,827 $5.5M Reduce -41.7%
TGT Target Corp. 0.18% 49,446 $4.9M Reduce -61.4%
JEF Jefferies Financial Group Inc. 0.14% 72,781 $4.0M New
PAYX Paychex Inc. 0.14% 26,581 $3.9M New
RKT Rocket Cos Inc. Class A 0.14% 269,030 $3.8M Add +3.9%
GFL GFL Environmental Inc.-Sub VT 0.14% 75,184 $3.8M Add +98.1%
ORCL Oracle Corp. 0.13% 16,457 $3.6M Reduce -74.3%
NSP Insperity Inc. 0.13% 58,190 $3.5M New
STEP Stepstone Group Inc. Class A 0.11% 55,668 $3.1M Add +83.2%
IVZ Invesco Ltd. 0.11% 189,992 $3.0M New
COIN Coinbase Global Inc. Class A 0.10% 8,170 $2.9M New
INTU Intuit Inc. 0.10% 3,456 $2.7M Reduce -86.5%
CPRT Copart Inc. 0.09% 53,348 $2.6M Add +27.3%
BGC BGC Group Inc. Class A 0.09% 249,676 $2.6M Add +10.5%
ALLY Ally Financial Inc. 0.09% 64,457 $2.5M New
CNC Centene Corp. 0.08% 41,466 $2.3M Add +9.6%
ELV Elevance Health Inc. 0.08% 5,744 $2.2M Add +61.3%
JHG Janus Henderson Group PLC 0.06% 45,048 $1.7M Reduce -56.0%
UHS Universal Health Services-B 0.06% 9,274 $1.7M New
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.06% 15,876 $1.6M Add +22.0%
WCN Waste Connections Inc. 0.06% 8,688 $1.6M New
HLI Houlihan Lokey Inc. 0.06% 8,829 $1.6M Reduce -74.3%
FISV Fiserv Inc. 0.06% 9,157 $1.6M New
LPLA LPL Financial Holdings Inc. 0.06% 4,197 $1.6M New
BAM Brookfield Asset Mgmt-A 0.05% 24,592 $1.4M Reduce -56.1%
ETOR Etoro Group Ltd. Class A 0.05% 20,143 $1.3M New
RNR Renaissancere Holdings Ltd. 0.04% 4,228 $1.0M New
UNP Union Pacific Corp. 0.04% 4,430 $1.0M New
BR Broadridge Financial Solutio 0.04% 4,165 $1.0M Reduce -90.6%
VIRT Virtu Financial Inc. Class A 0.03% 19,116 $856K Reduce -63.2%
PYPL PayPal Holdings Inc. 0.03% 11,287 $839K New
MQ Marqeta Inc. 0.03% 138,250 $806K Add +433.2%
WMT Walmart Inc. 0.03% 8,224 $804K Reduce -96.9%
DLTR Dollar Tree Inc. 0.03% 7,040 $697K New
COF Capital One Financial Corp. 0.02% 2,587 $550K New
FOUR SHIFT4 Payments Inc. Class A 0.01% 3,441 $341K Reduce -91.0%
FHN First Horizon Corp. 0.01% 13,070 $277K New

Show all 104 holdings

Options reported separately and not counted above: BAC puts ($33.1M), NDAQ puts ($8.9M).

Portfolio Sells Q1 2025 → Q2 2025
KKR KKR & Co. Inc. Reduce -84.7% 0.72% −3.89
ACN Accenture PLC Class A Reduce -80.9% 0.39% −2.03
ICE Intercontinental Exchange Inc. Reduce -30.2% 3.18% −1.64
NDAQ Nasdaq Inc. Reduce -41.5% 2.28% −1.44
AXP American Express Co. Reduce -50.7% 1.41% −1.30
AIG American International Group Reduce -26.9% 2.11% −1.18
RGA Reinsurance Group of America Reduce -42.1% 1.07% −1.00
WMT Walmart Inc. Reduce -96.9% 0.03% −0.92
ARES Ares Management Corp. Class A Sold out 0.00% −0.85
ADP Automatic Data Processing Sold out 0.00% −0.85
SCHW Schwab (charles) Corp. Sold out 0.00% −0.82
BAC Bank of America Corp. Reduce -13.0% 4.85% −0.67
SSNC Ss&c Technologies Holdings Reduce -4.1% 1.71% −0.62
RF Regions Financial Corp. Sold out 0.00% −0.58
CINF Cincinnati Financial Corp. Sold out 0.00% −0.57
HBAN Huntington Bancshares Inc. Sold out 0.00% −0.56
VOYA Voya Financial Inc. Sold out 0.00% −0.55
NTRS Northern Trust Corp. Reduce -48.3% 0.79% −0.55
INTU Intuit Inc. Reduce -86.5% 0.10% −0.54
FIS Fidelity National Info Serv Reduce -36.1% 0.85% −0.52
CRM Salesforce Inc. Sold out 0.00% −0.52
SPGI S&P Global Inc. Reduce -40.7% 0.62% −0.51
FDS Factset Research Systems Inc. Sold out 0.00% −0.51
STT State Street Corp. Reduce -34.3% 1.08% −0.47
BR Broadridge Financial Solutio Reduce -90.6% 0.04% −0.40
RYAN Ryan Specialty Holdings Inc. Sold out 0.00% −0.38
CPAY Corpay Inc. Sold out 0.00% −0.38
TGT Target Corp. Reduce -61.4% 0.18% −0.37
UNM Unum Group Sold out 0.00% −0.36
TPG TPG Inc. Sold out 0.00% −0.31
WM Waste Management Inc. Reduce -21.4% 0.55% −0.25
ORCL Oracle Corp. Reduce -74.3% 0.13% −0.23
GS Goldman Sachs Group Inc. Reduce -32.0% 0.83% −0.23
CBOE Cboe Global Markets Inc. Sold out 0.00% −0.21
MSCI MSCI Inc. Reduce -19.9% 0.53% −0.20
ECL Ecolab Inc. Sold out 0.00% −0.20
MKL Markel Group Inc. Reduce -38.9% 0.26% −0.19
HOOD Robinhood Markets Inc. Class A Sold out 0.00% −0.19
HLI Houlihan Lokey Inc. Reduce -74.3% 0.06% −0.17
FCNCA First Citizens Bcshs Class A Reduce -41.7% 0.20% −0.17
GLOB Globant SA Sold out 0.00% −0.15
LAZ Lazard Inc. Sold out 0.00% −0.14
MKTX Marketaxess Holdings Inc. Reduce -30.6% 0.25% −0.14
DHI D.R. Horton Inc. Sold out 0.00% −0.14
TOL Toll Brothers Inc. Reduce -7.1% 1.11% −0.13
FOUR SHIFT4 Payments Inc. Class A Reduce -91.0% 0.01% −0.11
CSGP Costar Group Inc. Reduce -18.4% 0.29% −0.10
HCA HCA Healthcare Inc. Sold out 0.00% −0.09
JHG Janus Henderson Group PLC Reduce -56.0% 0.06% −0.09
ADBE Adobe Inc. Sold out 0.00% −0.08

Portfolio Buys Q1 2025 → Q2 2025
BRO Brown & Brown Inc. New 2.81% +2.81
AON Aon PLC Class A Add +104.9% 6.69% +2.58
CB Chubb Ltd. New 1.97% +1.97
ALL Allstate Corp. Add +143.7% 3.74% +1.97
TFC Truist Financial Corp. Add +81.8% 3.91% +1.60
MCO Moody's Corp. New 1.47% +1.47
LEN Lennar Corp. Class A New 1.34% +1.34
WTW Willis Towers Watson PLC Add +77.8% 3.63% +1.10
AFL Aflac Inc. New 1.10% +1.10
BX Blackstone Inc. New 1.07% +1.07
PFG Principal Financial Group New 0.75% +0.75
OWL Blue Owl Capital Inc. New 0.66% +0.66
CFG Citizens Financial Group Add +40.9% 2.46% +0.66
KEY Keycorp Add +38.2% 2.56% +0.65
CG The Carlyle Group Inc. New 0.63% +0.63
C Citigroup Inc. Add +13.8% 3.36% +0.59
JLL Jones Lang Lasalle Inc. Add +90.8% 1.34% +0.58
CTSH Cognizant Tech Solutions-A Add +295.9% 0.72% +0.52
IT Gartner Inc. Add +614.5% 0.60% +0.50
PLD Prologis Inc. New 0.44% +0.44
FNF Fidelity National Financial New 0.44% +0.44
IBKR Interactive Brokers Gro Class A Add +66.2% 0.77% +0.38
BJ Bj's Wholesale Club Holdings Add +157.2% 0.71% +0.38
AIZ Assurant Inc. New 0.37% +0.37
INVH Invitation Homes Inc. New 0.34% +0.34
MS Morgan Stanley Add +15.0% 1.67% +0.32
BEN Franklin Templeton Inc. New 0.32% +0.32
BLK BlackRock Inc. Add +5.6% 7.60% +0.30
EVR Evercore Inc. Class A New 0.29% +0.29
EG Everest Group Ltd. Add +180.4% 0.46% +0.27
LOW Lowe's Cos Inc. Add +44.0% 1.46% +0.26
EQH Equitable Holdings Inc. New 0.24% +0.24
GPN Global Payments Inc. Add +85.6% 0.89% +0.23
SF Stifel Financial Corp. Add +48.8% 0.72% +0.23
SEIC Sei Investments Company Add +15.2% 1.44% +0.23
PRI Primerica Inc. Add +78.4% 0.54% +0.19
JEF Jefferies Financial Group Inc. New 0.14% +0.14
PAYX Paychex Inc. New 0.14% +0.14
NSP Insperity Inc. New 0.13% +0.13
SPG Simon Property Group Inc. Add +27.4% 1.31% +0.12
IVZ Invesco Ltd. New 0.11% +0.11
COIN Coinbase Global Inc. Class A New 0.10% +0.10
ALLY Ally Financial Inc. New 0.09% +0.09
TRU Transunion Add +18.0% 0.79% +0.08
GFL GFL Environmental Inc.-Sub VT Add +98.1% 0.14% +0.06
UHS Universal Health Services-B New 0.06% +0.06
WCN Waste Connections Inc. New 0.06% +0.06
FISV Fiserv Inc. New 0.06% +0.06
LPLA LPL Financial Holdings Inc. New 0.06% +0.06
UNH Unitedhealth Group Inc. Add +135.6% 0.28% +0.06

Options Activity Q1 2025 → Q2 2025
BAC Bank of America Corp. put New 700,000 $33.1M
NDAQ Nasdaq Inc. put New 100,000 $8.9M
CG The Carlyle Group Inc. call Sold out 120,000 $5.2Mbefore exit
GPN Global Payments Inc. call Sold out 45,100 $4.4Mbefore exit
MKTX Marketaxess Holdings Inc. put Sold out 5,000 $1.1Mbefore exit

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