SEC 13F Intelligence

Managers / Q1 2026

Carlson Capital, L.P.

CIK 0001056973 · 2100 MCKINNEY AVE, STE 1900, DALLAS, TX, 75201 · 2149329600

Reported Value
$318M
Q1 2026
Positions
72
Filings on Record
31
2019–present window
Filed
May 28, 2026
original filing

Summary

Carlson Capital, L.P. reported $318M in U.S.-listed holdings across 72 positions for Q1 2026.

The portfolio is heavily concentrated: SWKH alone accounts for 45.4% of reported value.

Compared with Q4 2025, the fund opened 33 new positions and exited 30.

Portfolio Metrics

Turnover
+14.2%
vs prior filed quarter
Top-10 Concentration
+55.4%
share of reported value
Largest Position
+45.4%
Swk
New / Exited
33 / 30
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $6.5BQ4 ’18Q1 ’19: $5.6BQ2 ’19: $6.6BQ3 ’19: $5.5BQ4 ’19: $5.5BQ4 ’19Q1 ’20: $3.8BQ2 ’20: $3.6BQ3 ’20: $6.8BQ4 ’20: $2.8BQ4 ’20Q1 ’21: $2.7BQ2 ’21: $2.1BQ3 ’21: $1.9BQ4 ’21: $1.7BQ4 ’21Q1 ’22: $1.5BQ2 ’22: $1.5BQ3 ’22: $1.3BQ4 ’22: $1.3BQ4 ’22Q1 ’23: $1.1BQ2 ’23: $1.2BQ3 ’23: $1.3BQ4 ’23: $1.3BQ4 ’23Q1 ’24: $1.2BQ2 ’24: $641MQ3 ’24: $166MQ4 ’24: $170MQ4 ’24Q1 ’25: $256MQ2 ’25: $242MQ3 ’25: $271MQ4 ’25: $282MQ4 ’25Q1 ’26: $318Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 81.1%ETP: 18.3%Other: 0.6%
  • Common Stock · 81.1% · $258M
  • ETP · 18.3% · $58M
  • Other · 0.6% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
PNFPPINNACLE FINL PARTNERS INCNEW+60.1K60.1K+$5M$5M
WFCWELLS FARGO & CONEW+45.5K45.5K+$4M$4M
WBSWEBSTER FINL CORPNEW+39.0K39.0K+$3M$3M
EXEEXPAND ENERGY CORPORATIONNEW+23.7K23.7K+$3M$3M
SLBSLB LIMITEDNEW+42.8K42.8K+$2M$2M
TFCTRUIST FINL CORPNEW+44.6K44.6K+$2M$2M
ICEINTERCONTINENTAL EXCHANGE INNEW+12.9K12.9K+$2M$2M
COLBCOLUMBIA BKG SYS INCNEW+66.5K66.5K+$2M$2M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

47 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SWKHSWK HLDGS CORPhistory →COM NEW45.45%$144M8.49M
2PNFPPINNACLE FINL PARTNERS INChistory →COM1.63%$5M60.1K
3HBANHUNTINGTON BANCSHARES INChistory →COM1.40%$4M284.5K
4CFRCULLEN FROST BANKERS INChistory →COM1.24%$4M28.8K
5WFCWELLS FARGO & COhistory →COM1.14%$4M45.5K
6SDASEALED AIR CORP NEWhistory →COM1.01%$3M76.0K
7HDHOME DEPOT INCCOM0.98%$3M9.5K
8EAELECTRONIC ARTS INCCOM0.87%$3M13.5K
9WBSWEBSTER FINL CORPCOM0.85%$3M39.0K
10WBDWARNER BROS DISCOVERY INCCOM SER A0.83%$3M96.0K
11CHVCHEVRON CORPORATIONCOM0.83%$3M12.7K
12EXEEXPAND ENERGY CORPORATIONCOM0.82%$3M23.7K
13NSCNORFOLK SOUTHN CORPCOM0.79%$2M8.7K
14BACBANK AMERICA CORPCOM0.74%$2M48.2K
15SLBSLB LIMITEDCOM STK0.69%$2M42.8K
16PSXPHILLIPS 66COM0.67%$2M11.8K
17MTDRMATADOR RES COCOM0.67%$2M33.8K
18TFCTRUIST FINL CORPCOM0.64%$2M44.6K
19UPSUNITED PARCEL SVCS INCCL B0.64%$2M20.7K
20OVVOVINTIV INCCOM0.64%$2M34.3K
21ACIALBERTSONS COS INCCOMMON STOCK0.64%$2M119.2K
22ICEINTERCONTINENTAL EXCHANGE INCOM0.64%$2M12.9K
23AZOAUTOZONE INCCOM0.64%$2M600
24STTSTATE STR CORPCOM0.61%$2M15.4K
25JPMJPMORGAN CHASE & COCOM0.60%$2M6.5K
26CLXCLOROX CO DELCOM0.59%$2M18.1K
27FNDFLOOR & DECOR HLDGS INCCL A0.58%$2M36.5K
28COLBCOLUMBIA BKG SYS INCCOM0.57%$2M66.5K
29PGPROCTER & GAMBLE COCOM0.56%$2M12.4K
30ON1OLD NATL BANCORP INDCOM0.55%$2M78.4K
31HALHALLIBURTON COCOM0.54%$2M44.2K
32SSBSOUTHSTATE BK CORPCOM0.53%$2M18.1K
33NDAQNASDAQ INCCOM0.53%$2M19.7K
34WHDCACTUS INCCL A0.51%$2M34.0K
35CBRECBRE GROUP INCCL A0.51%$2M11.9K
36MDLZMONDELEZ INTL INCCL A0.50%$2M27.6K
37SFNCSIMMONS FIRST NATL CORPCL A $1 PAR0.48%$2M78.6K
38DWDMORGAN STANLEYCOM NEW0.45%$1M8.7K
39COSTCOSTCO WHOLESALE CORPORATIONCOM0.44%$1M1.4K
40GDENGOLDEN ENTMT INCCOM0.42%$1M50.0K
41BHFBRIGHTHOUSE FINL INCCOM0.41%$1M22.0K
42FT2FIRST HORIZON CORPORATIONCOM0.41%$1M57.7K
43T86TRI POINTE HOMES INCCOM0.38%$1M26.0K
44HO1HOLOGIC INCCOM0.38%$1M16.0K
45APLSUSDAPELLIS PHARMACEUTICALS INCCOM0.38%$1M30.0K
46JANUS HENDERSON GROUP PLCORD SHS0.37%$1M23.0K
47OIIOCEANEERING INTL INCCOM0.37%$1M32.8K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$318M72May 28, 202613F-HRchanges · EDGAR ↗
Q4 2025$282M70Feb 3, 202613F-HRchanges · EDGAR ↗
Q3 2025$271M63Nov 5, 202513F-HRchanges · EDGAR ↗
Q2 2025$242M65Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$256M40May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$170M33Feb 5, 202513F-HRchanges · EDGAR ↗
Q3 2024$166M4Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$641M93Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.2B114May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$1.3B121Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$1.3B134Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$1.2B118Aug 10, 202313F-HRchanges · EDGAR ↗
Q1 2023$1.1B110May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$1.3B117Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$1.3B120Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$1.5B124Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$1.5B151May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$1.7B144Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$1.9B161Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$2.1B152Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$2.7B169May 13, 202113F-HRchanges · EDGAR ↗
Q4 2020$2.8B152Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020REVEALED$6.8B341Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$3.6B162Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$3.8B210May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$5.5B240Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$5.5B224Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$6.6B250Aug 12, 201913F-HRchanges · EDGAR ↗
Q1 2019$5.6B242May 14, 201913F-HRchanges · EDGAR ↗
Q4 2018$6.5B266Feb 13, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.