Carlson Capital portfolio
Concentrated managerInvestment firmPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 12, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Carlson Capital reported a $485M portfolio of 67 positions to the SEC as of the end of Q2 2026. Its largest positions are HBAN, WFC, PNFP. During the quarter it opened Capital One Financial and McDONALD’S.
Sections with a free account
What changed this quarter
82 positions with a change (26 new, 32 added to, 7 trimmed, 17 sold); also, 8 exited through an acquisition or merger. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Huntington Bancshares+622%more sharesIncreased1.8% → 7.5%
- Capital One Financial+5.1 ppof portfolioNew— → 5.1%
- Wells Fargo+626%more sharesIncreased1.4% → 5.6%
- JPMorgan Chase+948%more sharesIncreased0.8% → 4.6%
- Pinnacle Financial Partners+332%more sharesIncreased2.0% → 5.4%
- Procter & Gamble+1,069%more sharesIncreased0.7% → 4.4%
- Bank of America+556%more sharesIncreased0.9% → 3.7%
- McDONALD’S+3.1 ppof portfolioNew— → 3.1%
- Truist Financial+640%more sharesIncreased0.8% → 3.4%
- Devon Energy+2.8 ppof portfolioNew— → 2.8%
- Philip Morris International+2.6 ppof portfolioNew— → 2.6%
- First Horizon+795%more sharesIncreased0.5% → 2.7%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- Huntington BancsharesHBAN7.5%
- Wells FargoWFC5.6%
- Pinnacle Financial PartnersPNFP5.4%
- Capital One FinancialCOF5.1%
- JPMorgan ChaseJPM4.6%
- Procter & GamblePG4.4%
- Bank of AmericaBAC3.7%
- Truist FinancialTFC3.4%
- McDONALD’SMCD3.1%
- Devon EnergyDVN2.8%
- First HorizonFHN2.7%
- Expand EnergyEXE2.6%
- Philip Morris InternationalPM2.6%
- HalliburtonHAL2.6%
- Old National BancorpONB2.5%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Financials 52%
- ● Energy 17%
- ● Consumer Staples 12%
- ● Consumer Discretionary 6%
- ● Industrials 5%
- ● Communication Services 3%
- ● Real Estate 2%
- ● Information Technology 2%
- ● Health Care 1%
How its portfolio changed (8 quarters)
Q2 2026: 67
Q2 2026: 46%
Q2 2026: 45.4%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Declared options (7)
Besides stocks, Carlson Capital declared 6 puts (they gain if the stock falls) and 1 call (they gain if it rises) with a notional of $9.2M. The 13F reports the value of the underlying shares, not the premium paid, so these figures look large and are not added to the portfolio. Nor does it say whether the option is bought or written, or its strike or expiry: it may be a hedge.
- CALLiShares 20+ Year Treasury BD ETFTLTnew this quarter$2.6M
- PUTiShares 20+ Year Treasury BD ETFTLTnew this quarter$1.7M
- PUTTeslaTSLA$1.7M
- PUTCarvanaCVNAnew this quarter$1.6M
- PUTIshares TrHYG$800K
- PUTQuantumscapeQS$378K
- PUTSpace Exploration TechnologiesSPCXnew this quarter$342K
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Aug 6, 2026 (high confidence).
The data, as reported: CARLSON CAPITAL, L.P. (CRD 118156): 7.B private funds: 11 hedge (gross assets $181M); 5.D assets by client type: pooled vehicles 100% (of $530M)
The type comes from a rule applied to that data. If it looks wrong, tell us.
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