Prana Capital Management, LP
Prana Capital Management, LP is a hedge fund and investment adviser headquartered in Greenwich, Connecticut. Founded in 2016, it was created by principal owner and managing member Peter Seuss. The firm manages approximately $3.3 billion in assets across pooled investment vehicles. Prana Capital has around 10 employees, with the majority focused on investment roles. They serve institutional investors and pooled funds, primarily in the U.S. and internationally.
Investment Strategy
Prana Capital Management employs an absolute return investment strategy, managing diversified portfolios with core holdings in U.S. equities and credit. The firm is an active manager, making tactical allocations and holding over 100 positions. Prana focuses on financial services companies and seeks to generate uncorrelated alpha through rigorous research, concentrated sector bets (notably BlackRock, Aon, Bank of America, and Mastercard), and dynamic portfolio rebalancing. Their approach is opportunistic, both adding and reducing positions actively based on conviction and market outlook.
Top Holdings
Equity Positions (103)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
B BLK | BLACKROCK INC | 7.48% | $209.8M | 199,948 | $998.81 | $1049.25 | +$30.5M |
A AON | AON PLC | 6.58% | $184.6M | 517,507 | $357.17 | $356.76 | +$83.8M |
M MA | MASTERCARD INCORPORATED | 5.57% | $156.3M | 278,132 | $508.28 | $561.94 | +$10.5M |
B BAC | BANK AMERICA CORP | 4.78% | $133.9M | 2,829,686 | $40.26 | $47.32 | -$1.8M |
U USB | US BANCORP DEL | 4.02% | $112.7M | 2,490,049 | $42.39 | $45.25 | +$7.6M |
Options Positions (2)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
B BAC | BANK AMERICA CORP | Bought | Put | $33.1M | 7,000 | $47.32 | $47.32 | +7,000 | +$33.1M |
N NDAQ | NASDAQ INC | New | Put | $8.9M | 1,000 | $89.42 | $89.42 | +1,000 | +$8.9M |