Latest CARLSON CAPITAL L P Stock Portfolio

CARLSON CAPITAL L P Performance:

2025 Q4: 11.88%YTD: 25.56%2024: -6.36%

Performance for 2025 Q4 is 11.88%, and YTD is 25.56%, and 2024 is -6.36%.

About CARLSON CAPITAL L P and 13F Hedge Fund Stock Holdings

Carlson Capital, L.P. is a hedge fund based in Dallas, TX. On 2026-02-03, the fund reported it's updated stock portfolio. In the 13F Holdings report, Carlson Capital, L.P. reported an equity portfolio of $282 Millions as of 31 Dec, 2025.

The top stock holdings of Carlson Capital, L.P. are SWKH, , SNV. The fund has invested 51.8% of it's portfolio in SWK HLDGS CORP and 1% of portfolio in CYBERARK SOFTWARE LTD.

The fund managers got completely rid off KELLANOVA (K), VERONA PHARMA PLC (VRNA) and MR COOPER GROUP INC (COOP) stocks. They significantly reduced their stock positions in EL POLLO LOCO HLDGS INC (LOCO), PHILLIPS 66 (PSX) and UNITED PARCEL SERVICE INC (UPS). Carlson Capital, L.P. opened new stock positions in SEALED AIR CORP NEW (SEE), EXACT SCIENCES CORP (EXAS) and AVIDITY BIOSCIENCES INC (RNA). The fund showed a lot of confidence in some stocks as they added substantially to HUNTINGTON BANCSHARES INC (HBAN), SELECT SECTOR SPDR TR (XLB) and CHEVRON CORP NEW (CVX).

CARLSON CAPITAL L P Annual Return Estimates Vs S&P 500

Our best estimate is that Carlson Capital, L.P. made a return of 11.88% in the last quarter. In trailing 12 months, it's portfolio return was 25.56%.

Performance
S&P 500

New Buys

Ticker	$ Bought
sealed air corp new	2,237,220
exact sciences corp	2,031,200
avidity biosciences inc	2,019,640
norfolk southn corp	1,645,700
cidara therapeutics inc	1,546,230
alexander & baldwin inc new	1,496,320
hologic inc	1,415,310
warner bros discovery inc	1,152,800

New stocks bought by CARLSON CAPITAL L P

Additions

Ticker	% Inc.
huntington bancshares inc	177
select sector spdr tr	167
chevron corp new	111
cyberark software ltd	46.67
texas instrs inc	45.83
synovus finl corp	41.41
electronic arts inc	41.18
jpmorgan chase & co.	24.39

Additions to existing portfolio by CARLSON CAPITAL L P

Reductions

Ticker	% Reduced
el pollo loco hldgs inc	-56.52
phillips 66	-52.86
united parcel service inc	-39.77
state str corp	-21.05
amentum holdings inc	-20.83
bank america corp	-13.95
diamondback energy inc	-13.73
knife river corp	-12.73

CARLSON CAPITAL L P reduced stake in above stock

Sold off

Ticker	$ Sold
paramount group inc	-1,504,200
cross ctry healthcare inc	-1,553,320
kellanova	-3,936,960
verona pharma plc	-3,521,430
conagra brands inc	-481,553
wns hldgs ltd	-1,830,480
masterbrand inc	-271,302
merus n v	-1,506,400

CARLSON CAPITAL L P got rid off the above stocks

Sector Distribution

Carlson Capital, L.P. has about 77.2% of it's holdings in Financial Services sector.

Sector	%
Financial Services	77.2
Others	4.2
Healthcare	3.6
Communication Services	3.5
Consumer Cyclical	3.2
Energy	2.8
Consumer Defensive	1.9
Industrials	1.5
Technology	1.4

Market Cap. Distribution

Carlson Capital, L.P. has about 13% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MICRO-CAP	71.7
LARGE-CAP	10.4
MID-CAP	9.2
UNALLOCATED	4.2
MEGA-CAP	2.6
SMALL-CAP	1.9

Stocks belong to which Index?

About 88.4% of the stocks held by Carlson Capital, L.P. either belong to S&P 500 or RUSSELL 2000 index.

Index	%
RUSSELL 2000	76.1
S&P 500	12.3
Others	11.7

Top 5 Winners (%)		%
BHF	brighthouse finl inc	21.6 %
	amentum holdings inc	18.9 %
SWKH	swk hldgs corp	18.2 %
UPS	united parcel service inc	15.0 %
CYTK	cytokinetics inc	14.2 %

Top 5 Winners ($)		$
SWKH	swk hldgs corp	22.5 M
BHF	brighthouse finl inc	0.2 M
UPS	united parcel service inc	0.1 M
	amentum holdings inc	0.1 M
STT	state str corp	0.1 M

Top 5 Losers (%)		%
XLB	select sector spdr tr	-40.7 %
	aleanna inc	-30.9 %
MDLZ	mondelez intl inc	-13.3 %
	knife river corp	-7.9 %
	cyberark software ltd	-6.5 %

Top 5 Losers ($)		$
XLB	select sector spdr tr	-0.5 M
	cyberark software ltd	-0.2 M
	aleanna inc	-0.1 M
MDLZ	mondelez intl inc	-0.1 M
	knife river corp	-0.1 M

CARLSON CAPITAL L P Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of CARLSON CAPITAL L P

Carlson Capital, L.P. has 62 stocks in it's portfolio. About 59.1% of the portfolio is in top 10 stocks. XLB proved to be the most loss making stock for the portfolio. SWKH was the most profitable stock for Carlson Capital, L.P. last quarter.

Last Reported on: 03 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
ACI	albertsons cos inc	0.30	50,000	858,500	added	6.38

AJG	gallagher arthur j & co	0.00	0.00	0.00	sold off	-100

ALEX	alexander & baldwin inc new	0.53	72,496	1,496,320	new

AON	aon plc	0.07	600	211,728	unchanged	0.00

AR	antero resources corp	0.00	0.00	0.00	sold off	-100

AZO	autozone inc	0.24	200	678,300	new

BAC	bank america corp	0.29	14,800	814,000	reduced	-13.95

BHF	brighthouse finl inc	0.36	15,500	1,004,240	added	3.33

BIL	spdr series trust	0.00	0.00	0.00	sold off	-100

BILL	bill holdings inc	0.00	0.00	0.00	sold off	-100

CAG	conagra brands inc	0.00	0.00	0.00	sold off	-100

CCL	carnival corp	0.00	0.00	0.00	sold off	-100

CCRN	cross ctry healthcare inc	0.00	0.00	0.00	sold off	-100

CDTX	cidara therapeutics inc	0.55	7,000	1,546,230	new

CFR	cullen frost bankers inc	0.59	13,100	1,658,850	added	20.18

CHK	expand energy corporation	0.00	0.00	0.00	sold off	-100

CLX	clorox co del	0.29	8,100	816,723	new

COOP	mr cooper group inc	0.00	0.00	0.00	sold off	-100

COST	costco whsl corp new	0.24	800	689,872	new

CVX	chevron corp new	0.51	9,500	1,447,900	added	111