Carlson Capital L P
Carlson Capital, L.P. is a Dallas-based alternative investment management firm founded in 1993 by Clint Carlson. The firm specializes in managing hedge funds and private equity funds, deploying a research-driven, multi-strategy approach across event-driven, distressed, equity long/short, global macro, merger arbitrage, and credit. Its client base includes high-net-worth individuals, institutions, and pension funds. With around 56 employees, Carlson Capital focuses on generating consistent, risk-adjusted returns and operates additional offices in New York City, Houston, and Palm Beach.
Investment Strategy
Carlson Capital employs diversified, alternative investment strategies including event-driven, distressed, equity long/short, global macro, merger arbitrage, and credit. The firm combines rigorous fundamental research with quantitative modeling, seeking to exploit structural inefficiencies and investor biases in global markets. Their strategies involve continual monitoring of macroeconomic factors, industry trends, and company-level fundamentals with a goal of generating attractive risk-adjusted returns while mitigating downside risk through strategic hedging. For credit-specific vehicles, such as CLOs, the firm uses a long-only approach focused on broadly syndicated loans to companies with strong cash flows, emphasizing capital preservation and positive risk-adjusted outcomes.
Top Holdings
Equity Positions (57)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
S SWKH | SWK HLDGS CORP | 51.71% | $125.2M | 8,493,088 | $11.74 | $14.74 | -$22.5M |
K K | KELLANOVA | 1.58% | $3.8M | 48,000 | $80.46 | $79.53 | +$1.3M |
H HES | HESS CORP | 1.26% | $3.0M | 22,000 | $137.29 | $138.54 | -$466.2K |
C COOP | MR COOPER GROUP INC | 1.00% | $2.4M | 16,200 | $149.21 | $149.21 | +$2.4M |
R RDFN | REDFIN CORP | 0.97% | $2.3M | 210,000 | $11.19 | $11.19 | +$2.3M |
Options Positions (8)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
H HYG | ISHARES TR | Sold | Put | $52.4M | 6,500 | $80.65 | $78.89 | -2,200 | -$16.2M |
N NVDA | NVIDIA CORPORATION | New | Put | $4.7M | 300 | $157.99 | $157.99 | +300 | +$4.7M |
A AFRM | AFFIRM HLDGS INC | Bought | Put | $2.8M | 400 | $69.14 | $51.18 | +100 | +$1.4M |
S SOFI | SOFI TECHNOLOGIES INC | Sold | Put | $2.7M | 1,500 | $18.21 | $11.63 | -1,000 | -$176.0K |
T TSLA | TESLA INC | Sold | Put | $2.5M | 80 | $317.66 | $259.16 | -40 | -$568.6K |