SEC 13F Intelligence

Managers / Q4 2024 · view latest →

Carlson Capital, L.P.

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

Reported Value
$170M
Q4 2024
Positions
33
Filings on Record
31
2019–present window
Filed
Feb 5, 2025
original filing

Summary

Carlson Capital, L.P. reported $170M in U.S.-listed holdings across 33 positions for Q4 2024.

The portfolio is heavily concentrated: SWKH alone accounts for 79.3% of reported value.

Compared with Q3 2024, the fund opened 31 new positions and exited 2.

Portfolio Metrics

Turnover
+17.8%
vs prior filed quarter
Top-10 Concentration
+91.8%
share of reported value
Largest Position
+79.3%
Swk
New / Exited
31 / 2
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: 97.0%ETP: 2.3%Other: 0.6%
  • Common Stock · 97.0% · $165M
  • ETP · 2.3% · $4M
  • Other · 0.6% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BACBANK AMERICA CORPNEW+74.9K74.9K+$3M$3M
ISHARES TRNEW+40.0K40.0K+$3M$3M
KELKELLANOVANEW+35.0K35.0K+$3M$3M
HCP2EURHASHICORP INCNEW+60.7K60.7K+$2M$2M
DFSEURDISCOVER FINL SVCSNEW+10.3K10.3K+$2M$2M
WFCWELLS FARGO CO NEWNEW+21.0K21.0K+$1M$1M
USBUS BANCORP DELNEW+29.4K29.4K+$1M$1M
COPCONOCOPHILLIPSNEW+13.1K13.1K+$1M$1M

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

Holdings — Q4 2024

32 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SWKHSWK HLDGS CORPhistory →COM NEW79.33%$135M8.49M
2HESHESS CORPhistory →COM2.30%$4M29.4K
3BACBANK AMERICA CORPhistory →COM1.94%$3M74.9K
4ISHARES TRIBOXX HI YD ETF1.85%$3M40.0K
5KELKELLANOVAhistory →COM1.67%$3M35.0K
6HCP2EURHASHICORP INChistory →COM CL A1.22%$2M60.7K
7DFSEURDISCOVER FINL SVCShistory →COM1.05%$2M10.3K
8WFCWELLS FARGO CO NEWCOM0.87%$1M21.0K
9USBUS BANCORP DELCOM NEW0.83%$1M29.4K
10COPCONOCOPHILLIPSCOM0.77%$1M13.1K
11BOKFBOK FINL CORPCOM NEW0.65%$1M10.3K
12FT2FIRST HORIZON CORPORATIONCOM0.64%$1M54.3K
13MAGNMAGNERA CORPCOM SHS0.56%$954,47052.5K
14PTVEUSDPACTIV EVERGREEN INCCOM0.55%$925,91053.0K
15UPSUNITED PARCEL SERVICE INCCL B0.48%$807,0406.4K
16SPDR SER TRS&P BIOTECH0.46%$774,5168.6K
17ACIALBERTSONS COS INCCOMMON STOCK0.44%$746,32038.0K
18DVNDEVON ENERGY CORP NEWCOM0.44%$742,97122.7K
19PNCPNC FINL SVCS GROUP INCCOM0.42%$713,5453.7K
20ARCADIUM LITHIUM PLCCOM SHS0.36%$615,600120.0K
21LOWLOWES COS INCCOM0.33%$567,6402.3K
22RFREGIONS FINANCIAL CORP NEWCOM0.30%$503,32821.4K
23FITBFIFTH THIRD BANCORPCOM0.29%$494,67611.7K
24UBS GROUP AGSHS0.28%$476,02415.7K
25FANGDIAMONDBACK ENERGY INCCOM0.28%$475,1072.9K
26MSFTMICROSOFT CORPCOM0.27%$463,6501.1K
27SFNCSIMMONS 1ST NATL CORPCL A $1 PAR0.27%$463,56220.9K
28CTRACOTERRA ENERGY INCCOM0.25%$431,62616.9K
29STTSTATE STR CORPCOM0.25%$422,0454.3K
30CIVICIVITAS RESOURCES INCCOM NEW0.24%$403,6568.8K
31NVDANVIDIA CORPORATIONCOM0.18%$308,8672.3K
32SLDPSOLID POWER INCCLASS A COM0.11%$188,81199.9K

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 ↗.