Candlestick Capital Management LP
Reported holdings as of Q3 2025, from 24 quarterly filings.
This filer last reported in Q3 2025; the most recent quarter on file across all filers is Q2 2026. Firms that restructure stop filing under one CIK and start under another, so a successor entity may hold these positions now under a similar name.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| DELTA AIR LINES INC OPT | DAL | $418.0M | 2,264,991 | +4.88pp | 12q | +20.7%+$71.7M | |
| STATE STR SPDR S&P 500 ETF T OPT | SPY | $268.0M | options only | +0.28pp | 5q | OPTIONS | |
| INVESCO QQQ TR OPT | QQQ | $241.5M | options only | -3.87pp | 11q | OPTIONS | |
| APPLE INC OPT | AAPL | $226.3M | 371,747 | +3.22pp | 2q | HELD | |
| UNITED AIRLS HLDGS INC | UAL | $216.1M | 2,239,037 | +2.78pp | 7q | +38.7%+$60.3M | |
| TAPESTRY INC | TPR | $147.8M | 1,305,329 | +2.13pp | 4q | +50.3%+$49.4M | |
| CINEMARK HLDGS INC OPT | CNK | $144.5M | 4,330,951 | +0.60pp | 7q | -13.9%-$23.4M | |
| AMER SPORTS INC | AS | $124.0M | 3,568,381 | +0.88pp | 7q | +24.5%+$24.4M | |
| CARNIVAL CORP OPT | CCL | $119.4M | 3,097,517 | +0.86pp | 2q | HELD | |
| SPOTIFY TECHNOLOGY S A | SPOT | $114.9M | 164,643 | - | new | NEW | |
| YUM BRANDS INC | YUM | $100.5M | 660,916 | +0.90pp | 2q | +22.1%+$18.2M | |
| ISHARES TR OPT | IWM | $97.3M | options only | -1.44pp | 5q | OPTIONS | |
| ALASKA AIR GROUP INC OPT | ALK | $93.5M | 361,928 | -0.29pp | 4q | HELD | |
| HYATT HOTELS CORP | H | $89.6M | 631,290 | +1.08pp | 2q | +53.9%+$31.4M | |
| LAUDER ESTEE COS INC | EL | $85.0M | 965,049 | +1.23pp | 2q | +78.3%+$37.3M | |
| MONGODB INC | MDB | $79.3M | 255,493 | - | new | NEW | |
| NIKE INC OPT | NKE | $76.9M | options only | +0.07pp | 3q | OPTIONS | |
| SELECT SECTOR SPDR TR | XLP | $75.6M | 965,050 | - | new | NEW | |
| CHURCH & DWIGHT CO INC | CHD | $75.5M | 861,651 | - | new | NEW | |
| DECKERS OUTDOOR CORP OPT | DECK | $74.8M | options only | - | new | OPTIONS | |
| META PLATFORMS INC | META | $73.5M | 100,058 | - | new | NEW | |
| ULTA BEAUTY INC | ULTA | $71.1M | 130,101 | +1.47pp | 2q | +355.0%+$55.5M | |
| GENUINE PARTS CO OPT | GPC | $69.5M | 391,296 | - | new | NEW | |
| ARK ETF TR OPT | ARKK | $69.4M | options only | +0.30pp | 2q | OPTIONS | |
| NORWEGIAN CRUISE LINE HLDGS | NCLH | $68.2M | 2,767,223 | -0.25pp | 4q | +82.2%+$30.7M | |
| HERSHEY CO | HSY | $64.5M | 344,660 | - | new | NEW | |
| PERFORMANCE FOOD GROUP CO | PFGC | $61.0M | 586,599 | +1.34pp | 8q | +613.4%+$52.5M | |
| CHEWY INC | CHWY | $59.7M | 1,476,101 | +0.36pp | 3q | +10.3%+$5.6M | |
| THOR INDS INC | THO | $57.2M | 551,457 | +0.30pp | 11q | -14.2%-$9.5M | |
| MICROSOFT CORP | MSFT | $56.3M | 108,762 | -2.30pp | 2q | -58.8%-$80.3M | |
| AT&T INC | T | $54.6M | 1,933,593 | +0.21pp | 2q | -4.3%-$2.4M | |
| MOHAWK INDS INC | MHK | $53.3M | 413,592 | - | new | NEW | |
| TRACTOR SUPPLY CO | TSCO | $52.3M | 919,039 | - | new | NEW | |
| SPDR SERIES TRUST OPT | XRT | $46.2M | options only | - | new | OPTIONS | |
| AMERICAN AIRLINES GROUP INC OPT | AAL | $45.2M | options only | +0.25pp | 2q | OPTIONS | |
| SOUTHWEST AIRLS CO OPT | LUV | $42.8M | options only | - | new | OPTIONS | |
| CELSIUS HLDGS INC | CELH | $39.6M | 689,322 | -0.54pp | 3q | -59.2%-$57.6M | |
| SALESFORCE INC | CRM | $39.0M | 164,523 | - | new | NEW | |
| SHERWIN WILLIAMS CO | SHW | $38.2M | 110,292 | - | new | NEW | |
| OREILLY AUTOMOTIVE INC | ORLY | $36.9M | 341,917 | +0.10pp | 3q | -25.5%-$12.6M | |
| E L F BEAUTY INC | ELF | $32.0M | 241,262 | - | new | NEW | |
| NEWELL BRANDS INC | NWL | $31.8M | 6,066,025 | - | new | NEW | |
| ROBLOX CORP | RBLX | $23.4M | 168,920 | - | new | NEW | |
| HIMS & HERS HEALTH INC OPT | HIMS | $19.0M | options only | -0.54pp | 3q | OPTIONS | |
| WINGSTOP INC | WING | $17.2M | 68,348 | - | new | NEW | |
| DRAFTKINGS INC NEW | DKNG | $10.9M | 290,161 | - | new | NEW | |
| WIX COM LTD | WIX | $7.6M | 42,524 | - | new | NEW | |
| STARBUCKS CORP | SBUX | $6.8M | 80,542 | -1.34pp | 5q | -84.5%-$37.3M | |
| PETCO HEALTH & WELLNESS CO I | WOOF | $6.8M | 1,750,000 | - | new | NEW |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Transport & Logistics | $1.0B | 24.3% |
| Retail & Consumer | $714.5M | 17.3% |
| Funds & ETFs | $509.5M | 12.4% |
| Chemicals | $376.0M | 9.1% |
| Telecom & Media | $324.9M | 7.9% |
| Software & IT Services | $279.1M | 6.8% |
| Computer Hardware | $226.3M | 5.5% |
| Wholesale & Distribution | $130.5M | 3.2% |
| Food, Drink & Tobacco | $104.1M | 2.5% |
| Business Services | $89.6M | 2.2% |
| Other sectors | $76.2M | 1.8% |
| Not classified | $288.6M | 7.0% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q3 2025 | $4.1B | 49 | 21 | 11 | 8 | 36 | 49.0% | 45 |
| Q2 2025 | $5.2B | 64 | 29 | 14 | 18 | 27 | 42.7% | 45 |
| Q1 2025 | $4.8B | 62 | 29 | 13 | 13 | 30 | 45.6% | 45 |
| Q4 2024 | $4.3B | 63 | 29 | 16 | 13 | 24 | 50.0% | 45 |
| Q3 2024 | $3.6B | 58 | 23 | 14 | 20 | 34 | 44.4% | 45 |
| Q2 2024 | $3.6B | 69 | 27 | 15 | 23 | 45 | 33.6% | 45 |
| Q1 2024 | $4.8B | 87 | 42 | 12 | 27 | 26 | 31.4% | 45 |
| Q4 2023 | $4.7B | 71 | 38 | 10 | 16 | 36 | 37.7% | 45 |
| Q3 2023 | $3.6B | 69 | 27 | 15 | 21 | 30 | 37.4% | 45 |
| Q2 2023 | $4.3B | 72 | 26 | 19 | 22 | 34 | 38.8% | 45 |
| Q1 2023 | $4.0B | 80 | 45 | 18 | 15 | 27 | 28.9% | 45 |
| Q4 2022 | $2.5B | 62 | 23 | 14 | 19 | 31 | 31.9% | 45 |
| Q3 2022 | $2.8B | 70 | 25 | 16 | 25 | 33 | 36.5% | 45 |
| Q2 2022 | $3.9B | 78 | 32 | 23 | 17 | 31 | 33.2% | 46 |
| Q1 2022 | $3.9B | 77 | 27 | 15 | 25 | 46 | 32.3% | 46 |
| Q4 2021 | $6.8B | 96 | 30 | 31 | 21 | 38 | 31.3% | 45 |
| Q3 2021 | $5.3B | 104 | 47 | 22 | 24 | 34 | 34.9% | 46 |
| Q2 2021 | $4.5B | 91 | 40 | 22 | 25 | 38 | 33.0% | 47 |
| Q1 2021 | $4.6B | 89 | 40 | 20 | 21 | 40 | 32.9% | 47 |
| Q4 2020 | $4.3B | 89 | 42 | 26 | 16 | 30 | 32.6% | 47 |
| Q3 2020 | $3.1B | 77 | 33 | 13 | 23 | 22 | 36.3% | 47 |
| Q2 2020 | $2.8B | 66 | 35 | 11 | 16 | 30 | 43.6% | 45 |
| Q1 2020 | $2.4B | 61 | 31 | 21 | 7 | 31 | 39.1% | 45 |
| Q4 2019 | $1.9B | 61 | 0 | 0 | 0 | 0 | 34.8% | 45 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.