SEC 13F Intelligence

Managers / Q1 2026

Candelo Capital Management LP

CIK 0001845660 · 400 MADISON AVENUE, SUITE 10A, NEW YORK, NY, 10017 · (332) 207-4634

Reported Value
$121M
Q1 2026
Positions
31
Filings on Record
10
2019–present window
Filed
May 15, 2026
original filing

Summary

Candelo Capital Management LP reported $121M in U.S.-listed holdings across 31 positions for Q1 2026.

Its largest position, KGS, represents 6.1% of the portfolio.

Compared with Q4 2025, the fund opened 11 new positions and exited 9.

Portfolio Metrics

Turnover
+38.2%
vs prior filed quarter
Top-10 Concentration
+48.0%
share of reported value
Largest Position
+6.1%
Kodiak Gas Svcs
New / Exited
11 / 9
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 ’23: $128MQ4 ’23Q1 ’24: $163MQ2 ’24: $149MQ2 ’24Q3 ’24: $179MQ4 ’24: $198MQ4 ’24Q1 ’25: $116MQ2 ’25: $110MQ2 ’25Q3 ’25: $116MQ4 ’25: $112MQ4 ’25Q1 ’26: $121Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 79.6%ETP: 11.8%Other: 5.6%ADR: 3.0%
  • Common Stock · 79.6% · $96M
  • ETP · 11.8% · $14M
  • Other · 5.6% · $7M
  • ADR · 3.0% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
KGSKODIAK GAS SVCS INCNEW+127.6K127.6K+$7M$7M
LINDE PLCNEW+13.7K13.7K+$7M$7M
ISHARES TRNEW+25.0K25.0K+$6M$6M
WMBWILLIAMS COS INCNEW+71.7K71.7K+$5M$5M
LNGCHENIERE ENERGY INCNEW+10.4K10.4K+$3M$3M
MTSIMACOM TECH SOLUTIONS HLDGS INEW+10.1K10.1K+$2M$2M
GE AEROSPACENEW+5.0K5.0K+$1M$1M
VRTVERTIV HOLDINGS CONEW+5.0K5.0K+$1M$1M

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

Holdings — Q1 2026

22 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1KGSKODIAK GAS SVCS INChistory →COM6.14%$7M127.6K
2CTRICENTURI HOLDINGS INChistory →COM SHS5.68%$7M235.5K
3LINDE PLCSHS5.60%$7M13.7K
4GVAGRANITE CONSTR INChistory →COM5.37%$7M54.3K
5TDYTELEDYNE TECHNOLOGIES INChistory →COM5.22%$6M10.5K
6WMBWILLIAMS COS INChistory →COM4.31%$5M71.7K
7MODMODINE MFG COhistory →COM4.19%$5M23.4K
8ADIANALOG DEVICES INChistory →COM4.18%$5M15.9K
9AMATAPPLIED MATLS INChistory →COM3.64%$4M12.9K
10MRCYMERCURY SYS INChistory →COM3.64%$4M60.5K
11SEISOLARIS ENERGY INFRAS INChistory →COM CL A3.62%$4M77.6K
12PAHUSDELEMENT SOLUTIONS INChistory →COM3.58%$4M127.1K
13ATSATS CORPhistory →COM3.53%$4M151.7K
14ATDATI INChistory →COM3.38%$4M28.1K
15PWRQUANTA SVCS INChistory →COM3.24%$4M7.1K
16TLNTALEN ENERGY CORPhistory →COM3.08%$4M11.7K
17TSMTAIWAN SEMICONDUCTOR MANUFAChistory →SPONSORED ADS2.99%$4M10.7K
18WWDWOODWARD INChistory →COM2.75%$3M9.3K
19LNGCHENIERE ENERGY INChistory →COM NEW2.44%$3M10.4K
20GLWCORNING INChistory →COM2.23%$3M19.8K
21MTSIMACOM TECH SOLUTIONS HLDGS Ihistory →COM1.86%$2M10.1K
22CWCURTISS WRIGHT CORPhistory →COM1.41%$2M2.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$121M31May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$112M27Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$116M29Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$110M26Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$116M26May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$198M41Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$179M35Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$149M27Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$163M29May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$128M29Feb 14, 202413F-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 ↗.