Candelo Capital Management LP
SEC Form 13F institutional filer · CIK 0001845660
13F-HR · 7 reported holdings · 2026-03-31
Reported long-US-equity value
$0.03B
Top-10 concentration
100.0%
Candelo Capital Management LP — $34.4M AUM allocation strategy
Candelo Capital Management LP files SEC Form 13F and reports $34.4M of long US equity value across 7 reported holdings for 2026-03-31.
Its largest sector bet is Information Technology 53.7%, followed by Materials 19.7% and Energy 15.2%.
The top 10 holdings account for 100% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Candelo Capital Management LP — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$34.4M
total across 7 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
100% of value
higher = narrower conviction; lower = spread / hedging
Biggest trims (shares)
−$GLW −25.3K sh · −$1.25M−$TDY −2.75K sh · −$419K−$ADI −795 sh · +$531K
Exited to nil (held last quarter, gone now)
$UNP ($5.75M last qtr)$DHR ($4.85M last qtr)$CHRW ($3.41M last qtr)$ECHO ($2.42M last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Industrial Gases19.7%—
- Electronic Equipment & Instruments18.4%—
- Oil & Gas Storage & Transportation15.2%—
- Semiconductors14.7%—
- Semiconductor Materials & Equipment12.8%—
- Construction & Engineering11.4%—
- Electronic Components7.8%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
7 of 7 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $LIN | Linde plc | 13.7K | $6.79M | — | 19.7% |
| $TDY | Teledyne Technologies Incorporated | 10.5K | $6.32M | -2.75K | 18.4% |
| $WMB | Williams Companies Inc | 71.7K | $5.22M | — | 15.2% |
| $ADI | Analog Devices Inc | 15.9K | $5.06M | -795 | 14.7% |
| $AMAT | Applied Materials Inc | 12.9K | $4.41M | -200 | 12.8% |
| $PWR | Quanta Services Inc | 7.14K | $3.92M | +0 | 11.4% |
| $GLW | Corning Incorporated | 19.8K | $2.7M | -25.3K | 7.8% |
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
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How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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