Cartenna Capital, LP

Fundamental diversified ★Signal CIK 1808928
League rank
#355
in Fundamental diversified · #1821 overall
Long book
$2.29B
Q1 2026
Positions
41
Top-10 weight
42%
concentration
Last quarter
+14.5%
SPY +14.8%
Turnover
74%
of book per quarter

Strategy in plain words

auto-generated from filings

Cartenna Capital, LP is a diversified fundamental manager, running a $2.29B US long book across 41 positions.

The portfolio is moderately concentrated (top 10 ≈ 42% of the book). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: PARKER HANNIFIN CORP, AMETEK INC, TRANE TECHNOLOGIES PLC, GENERAL ELECTRIC, ASML HOLDING NV-NY REG SHS.

Over the last 9 quarters its long book ran on average 0.6pp per quarter ahead of the S&P 500, beating the index in 4 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+0.1%
Q2 2024
+10.9%
Q3 2024
-1.8%
Q4 2024
-5.0%
Q1 2025
+12.2%
Q2 2025
+10.6%
Q3 2025
-0.4%
Q4 2025
+4.9%
Q1 2026
+14.5%

Sector allocation

Industrials
47%
Technology
25%
Consumer discretionary
14%
Other
10%
Services media
2%
Materials
2%
Financials
1%

Long book by quarter

$1.06B
Q1 2024
$1.28B
Q2 2024
$1.26B
Q3 2024
$1.35B
Q4 2024
$1.24B
Q1 2025
$1.63B
Q2 2025
$1.92B
Q3 2025
$1.90B
Q4 2025
$2.29B
Q1 2026

What does Cartenna Capital, own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
PH PARKER HANNIFIN CORPIndustrials142.5K$127.6M5.6%+103.6%
AME AMETEK INCTechnology535.0K$114.7M5.0%+52.9%
TT TRANE TECHNOLOGIES PLCTechnology270.0K$112.5M4.9%New
GE GENERAL ELECTRICIndustrials365.0K$103.6M4.5%New
ASML ASML HOLDING NV-NY REG SHSIndustrials72.5K$95.8M4.2%New
ADI ANALOG DEVICES INCTechnology290.0K$92.3M4.0%New
ULTA ULTA BEAUTY INCConsumer discretionary162.5K$84.9M3.7%New
GVA GRANITE CONSTRUCTION INCIndustrials680.0K$81.5M3.6%-4.9%
LRCX LAM RESEARCH CORPIndustrials365.0K$78.0M3.4%New
CL COLGATE-PALMOLIVE COOther850.0K$72.4M3.2%New
WTS WATTS WATER TECHNOLOGIES-AIndustrials240.0K$69.7M3.0%+9.1%
MCD MCDONALD'S CORPConsumer discretionary220.0K$68.4M3.0%-22.8%
RBC RBC BEARINGS INCIndustrials125.0K$67.9M3.0%-26.5%
CSX CSX CORPIndustrials1.6M$67.7M3.0%+32.0%
LECO LINCOLN ELECTRIC HOLDINGSIndustrials270.0K$67.3M2.9%-14.3%
AMZN AMAZON.COM INCConsumer discretionary300.0K$62.5M2.7%-7.7%
GM GENERAL MOTORS COIndustrials800.0K$59.6M2.6%New
ETN EATON CORP PLCIndustrials165.0K$59.0M2.6%New
FDX FEDEX CORPIndustrials160.0K$57.0M2.5%New
CPRI CAPRI HOLDINGS LTDOther3.1M$54.9M2.4%+9.3%
KEYS KEYSIGHT TECHNOLOGIES INTechnology190.0K$53.7M2.3%-45.7%
MSI MOTOROLA SOLUTIONS INCTechnology115.0K$49.9M2.2%New
TXRH TEXAS ROADHOUSE INCConsumer discretionary300.0K$49.5M2.2%+361.5%
NVDA NVIDIA CORPTechnology275.0K$48.0M2.1%-31.3%
AKAM AKAMAI TECHNOLOGIES INCServices media375.0K$43.1M1.9%New
TPR TAPESTRY INCOther290.0K$40.9M1.8%New
LMT LOCKHEED MARTIN CORPIndustrials65.0K$39.3M1.7%New
COHR COHERENT CORPOther150.0K$35.7M1.6%New
FIVE FIVE BELOWConsumer discretionary150.0K$34.3M1.5%-21.1%
RKT ROCKET COS INC-CLASS AFinancials2.3M$32.1M1.4%-33.8%
ENPH ENPHASE ENERGY INCTechnology800.0K$30.2M1.3%New
APH AMPHENOL CORP-CL ATechnology235.0K$29.7M1.3%New
LIN LINDE PLCMaterials50.0K$24.8M1.1%New
PLXS PLEXUS CORPTechnology115.0K$23.3M1.0%New
UAL UNITED AIRLINES HOLDINGS INCIndustrials250.0K$23.0M1.0%New
FLS FLOWSERVE CORPIndustrials250.0K$18.4M0.8%New
TKR TIMKEN COIndustrials150.0K$15.1M0.7%New
FCX FREEPORT-MCMORAN INCMaterials175.0K$10.3M0.4%New
SGI SOMNIGROUP INTERNATIONAL INCOther75.0K$5.5M0.2%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202647$2.74B canonicalSEC ↗
Q4 202513F-HRFeb 17, 202648$3.01B canonicalSEC ↗
Q3 202513F-HRNov 14, 202540$3.53B canonicalSEC ↗
Q2 202513F-HRAug 14, 202538$2.83B canonicalSEC ↗
Q1 202513F-HRMay 15, 202537$1.65B canonicalSEC ↗
Q4 202413F-HRFeb 14, 202534$2.07B canonicalSEC ↗
Q3 202413F-HRNov 14, 202446$2.56B canonicalSEC ↗
Q2 202413F-HRAug 14, 202447$2.63B canonicalSEC ↗
Q1 202413F-HRMay 15, 202436$1.83B canonicalSEC ↗