Top Institutional Investors

Carlson Capital, L.P. — 13F Holdings & Portfolio

CIK 1056973 · latest 13F-HR filed 2026-08-12

Backtest portfolio

Carlson Capital, L.P. manages $494.4M in 13F-reported U.S. long-equity assets across 74 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are HBAN (7.37%), WFC (5.53%), PNFP (5.30%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 26 new positions and exited 25; 32 existing positions rose in reported value and 5 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$494.4M

Long-equity book

Holdings
74

Distinct positions

Period
2026-06-30

Filed 2026-08-12

Q/Q Activity
+26 / −25 / ↑32 / ↓5

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
HBAN7.5% · +622%WFC5.6% · +626%PNFP5.4% · +332%COF5.1% · newJPM4.6% · +948%PG4.4% · +1069%BAC3.7% · +556%TFC3.4% · +640%MCD3.1% · newDVN2.8% · newFHN2.7% · +795%EXE2.6% · +482%PM2.6% · newHAL2.6% · +737%ONB2.5% · +492%SSB2.5% · +563%MA2.4% · newCOLB2.3% · +422%AR2.3% · newCVX2.0% · +362%CBRE2.0% · +499%MTDR2.0% · +463%PSX1.9% · +371%UPS1.8% · +284%CLX1.7% · +381%NSC1.6% · +175%WMT1.4% · newMETA1.4% · newFISV1.4% · newSNPS1.3% · newAZO1.3% · +225%CRC1.2% · newMDLZ1.2% · +266%BURL1.1% · newICE0.9% · +184%ACI0.8% · +156%SAIA0.7% · newWBD0.6% · +17%WBS0.5% · -11%NVDA0.5% · newEA0.5% · -7%JHG0.4% · +65%APGE0.4% · newIMXI0.3% · +71%BHF0.3% · +14%TMHC0.3% · newNUVL0.3% · newPEN0.2% · +19%WLFC0.2% · +32%SGI0.2% · newKBR0.2% · +65%TXNM0.2% · newBRSL0.2% · newCYTK0.2% · 0%NCLH0.1% · newRKT0.1% · -15%BRBR0.1% · -13%AAUC0.1% · -10%ELME0.1% · newAJG0.1% · -6%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 45.6%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 24, 2025.

Assets Under Management
$3.81B
Discretionary
$3.80B
Employees
78
Accounts
8,551
Address
11 BRIDGE SQUARE
NORTHFIELD, MN 55057
Phone
(507) 645-8887
Website
Name Title / Status Ownership Type
CARLSON CAPITAL MANAGEMENT ControlMEMBER
since Jan 2016
75% or moreDomestic Entity
CARLSON, GREGORY, ALAN ControlFOUNDER & CEO
since Feb 2015
Less than 5%Individual
CARLSON, JEFFREY, ROBERT ControlFOUNDER & SECRETARY/TREASURER
since Feb 2015
Less than 5%Individual
Pesek, Thomas, Clarence ControlGOVERNOR
since Jun 2019
Less than 5%Individual
STETS, JUSTIN, DANIEL ControlCHIEF COMPLIANCE OFFICER/PRESIDENT
since Oct 2015
Less than 5%Individual
CARLSON, GREGORY, ALAN Control
Indirect owner via CARLSON CAPITAL MANAGEMENT
FOUNDER & CEO
since Jan 1988
25–50%Individual
CARLSON, JEFFREY, ROBERT Control
Indirect owner via CARLSON CAPITAL MANAGEMENT
FOUNDER & SECRETARY/TREASURER
since Jan 1988
25–50%Individual
Ownership & leadership changes · 4 filings with changes since Oct 19, 2015

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Mar 26, 2020 filing
  • No longer listedCARLSON, GREGORY, ALAN · FOUNDER & CEO · 25–50% · indirect via CARLSON CAPITAL MANAGEMENT, INC. · control person · listed since Jan 1988
  • No longer listedCARLSON, JEFFREY, ROBERT · FOUNDER & SECRETARY/TREASURER · 25–50% · indirect via CARLSON CAPITAL MANAGEMENT, INC. · control person · listed since Jan 1988
  • AddedPesek, Thomas, Clarence · GOVERNOR · Less than 5% · control person
  • Listed againCARLSON, GREGORY, ALAN · FOUNDER & CEO · 25–50% · indirect via CARLSON CAPITAL MANAGEMENT · control person
  • Listed againCARLSON, JEFFREY, ROBERT · FOUNDER & SECRETARY/TREASURER · 25–50% · indirect via CARLSON CAPITAL MANAGEMENT · control person
May 4, 2017 filing
  • AddedCARLSON, GREGORY, ALAN · FOUNDER & CEO · Less than 5% · control person
  • AddedCARLSON, JEFFREY, ROBERT · FOUNDER & SECRETARY/TREASURER · Less than 5% · control person
  • ChangedSTETS, JUSTIN, DANIEL · title CHIEF COMPLIANCE OFFICER → CHIEF COMPLIANCE OFFICER/PRESIDENT
Mar 29, 2016 filing
  • No longer listedCARLSON, GREGORY, ALAN · FOUNDER & CEO · 25–50% · indirect via CARLSON CAPITAL MANAGEMENT · control person · listed since Jan 1988
  • No longer listedCARLSON, JEFFREY, ROBERT · FOUNDER & SECRETARY/TREASURER · 25–50% · indirect via CARLSON CAPITAL MANAGEMENT · control person · listed since Jan 1988
  • Listed againCARLSON, GREGORY, ALAN · FOUNDER & CEO · 25–50% · indirect via CARLSON CAPITAL MANAGEMENT, INC. · control person
  • Listed againCARLSON, JEFFREY, ROBERT · FOUNDER & SECRETARY/TREASURER · 25–50% · indirect via CARLSON CAPITAL MANAGEMENT, INC. · control person
Oct 23, 2015 filing
  • No longer listedCARLSON, GREGORY, ALAN · FOUNDER & CEO · 25–50% · indirect via CARLSON CAPITAL MANAGEMENT, INC. · control person · listed since Jan 1988
  • No longer listedCARLSON, JEFFREY, ROBERT · FOUNDER & SECRETARY/TREASURER · 25–50% · indirect via CARLSON CAPITAL MANAGEMENT, INC. · control person · listed since Jan 1988
  • AddedCARLSON, GREGORY, ALAN · FOUNDER & CEO · 25–50% · indirect via CARLSON CAPITAL MANAGEMENT · control person
  • AddedCARLSON, JEFFREY, ROBERT · FOUNDER & SECRETARY/TREASURER · 25–50% · indirect via CARLSON CAPITAL MANAGEMENT · control person
Oct 19, 2015 filing (earliest on record)
  • ListedCARLSON CAPITAL MANAGEMENT · MEMBER · 75% or more · control person
  • ListedCARLSON, GREGORY, ALAN · FOUNDER & CEO · 25–50% · indirect via CARLSON CAPITAL MANAGEMENT, INC. · control person
  • ListedCARLSON, JEFFREY, ROBERT · FOUNDER & SECRETARY/TREASURER · 25–50% · indirect via CARLSON CAPITAL MANAGEMENT, INC. · control person
  • ListedSTETS, JUSTIN, DANIEL · CHIEF COMPLIANCE OFFICER · Less than 5% · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Carlson Capital, L.P. Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 HUNTINGTON BANCSHARES INC HBAN 446150104 $36.4M 7.37% 2,054,001 SH
2 WELLS FARGO & CO WFC 949746101 $27.3M 5.53% 330,615 SH
3 PINNACLE FINL PARTNERS INC PNFP 72348N109 $26.2M 5.30% 259,538 SH
4 CAPITAL ONE FINL CORP COF 14040H105 $24.6M 4.99% 122,855 SH
5 JPMORGAN CHASE & CO JPM 46625H100 $22.4M 4.52% 68,285 SH
6 PROCTER & GAMBLE CO PG 742718109 $21.3M 4.30% 144,934 SH
7 BANK OF AMER CORP BAC 060505104 $18.0M 3.64% 316,147 SH
8 TRUIST FINL CORP TFC 89832Q109 $16.4M 3.33% 330,162 SH
9 MCDONALDS CORP MCD 580135101 $15.1M 3.06% 55,976 SH
10 DEVON ENERGY CORP NEW DVN 25179M103 $13.7M 2.77% 331,738 SH
11 FIRST HORIZON CORPORATION FHN 320517105 $13.2M 2.68% 516,678 SH
12 EXPAND ENERGY CORPORATION EXE 165167735 $12.6M 2.55% 138,214 SH
13 PHILIP MORRIS INTL INC PM 718172109 $12.6M 2.54% 69,538 SH
14 HALLIBURTON CO HAL 406216101 $12.6M 2.54% 370,090 SH
15 OLD NATL BANCORP IND ONB 680033107 $12.0M 2.43% 464,159 SH
16 SOUTHSTATE BK CORP SSB 84472E102 $12.0M 2.42% 119,913 SH
17 MASTERCARD INCORPORATED MA 57636Q104 $11.6M 2.35% 22,575 SH
18 COLUMBIA BKG SYS INC COLB 197236102 $11.1M 2.25% 347,529 SH
19 ANTERO RESOURCES CORP AR 03674X106 $10.9M 2.21% 311,065 SH
20 CHEVRON CORPORATION CVX 166764100 $9.7M 1.97% 58,775 SH
21 CBRE GROUP INC CBRE 12504L109 $9.6M 1.94% 71,147 SH
22 MATADOR RES CO MTDR 576485205 $9.5M 1.91% 190,138 SH
23 PHILLIPS 66 PSX 718546104 $9.4M 1.89% 55,375 SH
24 UNITED PARCEL SVCS INC UPS 911312106 $8.5M 1.73% 79,432 SH
25 CLOROX CO DEL CLX 189054109 $8.3M 1.68% 86,855 SH
26 NORFOLK SOUTHN CORP NSC 655844108 $7.5M 1.52% 23,958 SH
27 WALMART INC WMT 931142103 $6.7M 1.36% 59,324 SH
28 META PLATFORMS INC META 30303M102 $6.7M 1.36% 11,926 SH
29 FISERV INC FISV 337738108 $6.6M 1.34% 134,686 SH
30 SYNOPSYS INC SNPS 871607107 $6.3M 1.28% 14,205 SH
31 AUTOZONE INC AZO 053332102 $6.2M 1.26% 1,950 SH
32 CALIFORNIA RES CORP CRC 13057Q305 $6.0M 1.21% 112,748 SH
33 MONDELEZ INTL INC MDLZ 609207105 $5.8M 1.18% 100,948 SH
34 BURLINGTON STORES INC BURL 122017106 $5.4M 1.10% 17,199 SH
35 INTERCONTINENTAL EXCHANGE IN ICE 45866F104 $4.5M 0.91% 36,568 SH
36 ALBERTSONS COMPANIES INC ACI 013091103 $4.1M 0.83% 304,938 SH
37 SAIA INC SAIA 78709Y105 $3.3M 0.66% 7,772 SH
38 WARNER BROS DISCOVERY INC WBD 934423104 $3.0M 0.60% 112,000 SH
39 WEBSTER FINL CORP WBS 947890109 $2.7M 0.54% 34,756 SH
40 NVIDIA CORPORATION NVDA 67066G104 $2.6M 0.53% 13,198 SH
41 ISHARES TR Call TLT 464287432 $2.6M 0.52% 30,000 SH
42 ELECTRONIC ARTS INC EA 285512109 $2.6M 0.52% 12,500 SH
43 JANUS HENDERSON GROUP PLC JHG G4474Y214 $2.0M 0.40% 38,000 SH
44 APOGEE THERAPEUTICS INC APGE 03770N101 $1.9M 0.38% 14,000 SH
45 ISHARES TR Put TLT 464287432 $1.7M 0.35% 20,000 SH
46 TESLA INC Put TSLA 88160R101 $1.7M 0.34% 4,000 SH
47 CARVANA CO Put CVNA 146869102 $1.6M 0.33% 25,000 SH
48 INTERNATIONAL MONEY EXPRESS IMXI 46005L101 $1.6M 0.32% 111,000 SH
49 BRIGHTHOUSE FINL INC BHF 10922N103 $1.6M 0.32% 25,000 SH
50 TAYLOR MORRISON HOME CORP TMHC 87724P106 $1.4M 0.28% 19,000 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-12 $494.4M 74 0001056973-26-000010
2026-03-31 2026-05-28 $317.9M 72 0001056973-26-000005
2025-12-31 2026-02-03 $282.0M 70 0001056973-26-000003
2025-09-30 2025-11-05 $270.9M 63 0001056973-25-000017
Filer Information
Address
2100 MCKINNEY AVE
STE 1900
DALLAS, TX 75201
Phone
(214) 932-9600
Filing Manager
Carlson Capital, L.P.
DALLAS, TX
Signatory
Travis Goldammer
Chief Operating Officer