Carronade Capital Management

Superinvestor profile · Rank #85 by reported 13F value (2026 Q2 filers) · CIK 0001866872 · All profiles
Founded 2019Darien, Connecticut, U.S.Multi-strategy special-situations credit, distressed and catalyst-driven investingKey person: Dan Gropper
Reported 13F value
$5.8B
Period 2026-06-30 · Filed 2026-08-14
Positions
23
Top 10 = 91.2% of value
Clone CAGR (full window)
+11.0%
2022-02-14 → 2026-10-02 · cumulative +62%
SPY CAGR (same window)
+14.4%
Cumulative +87%
Max drawdown (monthly)
-33%
Month-end values, approximate
Latest-quarter activity
5 new · 14 exited
15 increased · 1 decreased
Hypothetical clone — not this fund's returns. The performance on this page replicates only the long U.S. equity positions disclosed on this manager's Form 13F filings, rebalanced on filing dates at disclosed weights with dividend-adjusted prices. It excludes shorts, bonds, cash, non-U.S. listings, private holdings, leverage and fees. Treat it as a measure of how the disclosed stock picks performed, never as the fund's track record. Evidence: filing-by-filing dossier (PDF) · Methodology (PDF)

Clone performance

2022 2026 — 13F clone — S&P 500 (SPY)
WindowClone CAGRNote
Full window (2022-02-14 → 2026-10-02, 19 filings)+11.03%Cumulative +62.3% vs SPY +86.8%
Trailing 10Y—
Trailing 5Y—
Trailing 3Y+24.77%
Trailing 1Y+11.07%

Top holdings — 2026 Q2 filing

TickerCompanyWeightReported value
SPYState Str Spdr S&P 500 Etf T58.20%$3.4B
VSATViasat Inc8.40%$485M
TLNTalen Energy Corp5.29%$306M
CMCSAComcast Corp New3.53%$204M
TDSTelephone & Data Sys Inc3.41%$197M
CTRICenturi Holdings Inc2.89%$167M
BKDBrookdale Sr Living Inc2.75%$159M
VISNVistance Networks Inc2.46%$142M
ACHCAcadia Healthcare Company In2.44%$141M
SPHRSphere Entertainment Co1.81%$104M

As reported on the 2026-06-30 Form 13F (filed 2026-08-14). Full holdings and quarter changes: holdings page.

Filing history in this profile

Every clone input traces to one of these SEC filings. 91.0% of the latest filing's reported value is covered by our price history; the remainder is mostly non-U.S. listings, recent IPOs or delisted names and is excluded from the clone.

QuarterSEC accession no.FiledDisclosed CUSIPs
2026Q20001866872-26-0000092026-08-1423
2026Q10001866872-26-0000072026-05-1525
2025Q40001866872-26-0000022026-02-1325
2025Q30001866872-25-0000172025-11-1426
2025Q20001866872-25-0000102025-08-1924
2025Q10001866872-25-0000052025-05-1527
2024Q40001866872-25-0000032025-02-1427
2024Q30001866872-24-0000172024-11-1424
2024Q20001866872-24-0000132024-08-1419
2024Q10001866872-24-0000112024-05-1513
2023Q40001085146-24-0014712024-02-1411
2023Q30001085146-23-0045142023-11-1413
2023Q20001085146-23-0034392023-08-149
2023Q10001866872-23-0000032023-05-159
2022Q40001420506-23-0006812023-02-1412
2022Q30001420506-22-0022892022-11-1413
2022Q20001420506-22-0017982022-08-1612
2022Q10001420506-22-0010772022-05-1613
2021Q40001420506-22-0004542022-02-1413

Background (founded / HQ / style) source: https://s24.q4cdn.com/538403808/files/doc_news/Carronade-Capital-Calls-on-Cannae-Holdings-to-Promptly-Announce-Date-of-2025-Annual-Meeting-2025.pdf — Firm-issued release states it was founded in 2019 by Dan Gropper and based in Darien, Connecticut; Carronade funds were launched on July 1, 2020. Gropper previously held senior roles at Elliott, Fortress and Aurelius.