Cartenna Capital, LP
Cartenna Capital, LP is a Stamford, Connecticut-based hedge fund manager founded in December 2019 by Peter Avellone, who serves as managing partner. The firm manages pooled investment vehicles and reports approximately 8 employees, mainly investors. Cartenna Capital primarily serves institutional clients and pooled funds, managing over $1.6 billion in assets as of Q1 2025.
Investment Strategy
Cartenna Capital, LP manages equity-focused portfolios with a significant emphasis on long/short strategies. The latest filings show concentrated positions in public equities and derivatives, with top holdings frequently including sector ETFs, technology, industrials, and discretionary stocks. The firm is an active investor, adjusting portfolios dynamically by adding, reducing, or selling out of numerous positions in each period. Their approach blends fundamental and technical analysis to drive opportunistic alpha via both directional bets and hedged exposure, targeting returns through active trading and risk management.
Latest 13F Filing Activity
Cartenna Capital, LP filed their most recent 13F report on Jun 30, 2025 disclosing 30 equity positions with a total 13F market value of $3B. The fund increased holdings in Datadog Inc., Caterpillar Inc., Hubbell Inc. among other positions. Cartenna Capital, LP reduced exposure to Amazon Com Inc., Packaging Corp. Amer, Honeywell Intl Inc. among others.
Top Holdings
Equity Positions (30)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
C CYBR | CYBERARK SOFTWARE LTD | 4.60% | $130.2M | 320,000 | $330.54 | $406.88 | +$49.9M |
C CAT | CATERPILLAR INC | 3.29% | $93.2M | 240,000 | $382.49 | $388.21 | +$85.4M |
C CR | CRANE COMPANY | 3.25% | $92.1M | 485,000 | $151.37 | $189.89 | +$18.6M |
M MMM | 3M CO | 3.23% | $91.3M | 600,000 | $118.42 | $152.24 | +$10.6M |
D DDOG | DATADOG INC | 3.18% | $90.0M | 670,000 | $134.33 | $134.33 | +$90.0M |
Industry Allocation
Investment Team (5)
| Name | Role | Location | |
|---|---|---|---|
 | Senior Analyst | New York, NY , United States | |
N Nicholas Girardi | Research Analyst | New York, NY , United States | |
 | Partner | Greenwich, CT , United States | |
 | Partner | New York, NY , United States | |
 | Research Analyst | New Canaan, CT , United States |