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Cartenna Capital LP
Peter Avellone · Hedge Fund · Long/Short Equity
Cartenna Capital LP is a Connecticut-based hedge fund manager founded in December 2019 by Peter Avellone. Headquartered in Stamford, the firm provides investment advisory services to private funds and other institutional clients with a primary focus on U.S. equities. Cartenna aims to generate absolute returns through a discretionary, research-driven approach that integrates fundamental and quantitative analysis across various sectors including industrials, materials, information technology, and consumer cyclical. The institution is known for its rigorous bottom-up process and deep understanding of industrial cycles to identify uncorrelated investment themes.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +21.3% |
| YTD return | +18.8% |
| Sharpe ratio | 4.79 |
| Win rate | 54% |
| AUM | $2.0B |
| Inception | Oct 1, 2025 |
| Updated | Sep 4, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $2.0B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://cartennacapital.com/ |
Current Holdings
Updated on Sep 4, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| MMM | 3M Company | 9.9% | -3.3% |
| AME | Ametek Inc | 7.6% | +3.1% |
| MSI | Motorola Solutions Inc | 6.9% | -3.6% |
| ADI | Analog Devices Inc | 6.8% | -7.8% |
| AMZN | Amazon.com Inc | 6.4% | +12.8% |
| HWM | Howmet Aerospace Inc | 5.8% | -1.1% |
| LRCX | Lam Research Corp | 5.2% | -0.4% |
| KEYS | Keysight Technologies Inc | 5.1% | +19.8% |
| APH | Amphenol Corporation | 4.8% | +4.7% |
| AMAT | Applied Materials Inc | 4.3% | -1.8% |
| SPOT | Spotify Technology SA | 4.3% | -0.8% |
| SGI | Somnigroup International Inc. | 4.3% | +7.5% |
| JBHT | JB Hunt Transport Services Inc | 4.3% | +4.7% |
| LECO | Lincoln Electric Holdings Inc | 4.1% | +15.0% |
| GOOGL | Alphabet Inc Class A | 3.8% | -2.7% |
| WTS | Watts Water Technologies Inc | 3.4% | +11.9% |
| GWW | WW Grainger Inc | 3.4% | +1.8% |
| PLXS | Plexus Corp | 3.2% | +1.7% |
| ALLE | Allegion PLC | 3.1% | -0.5% |
| CR | Crane Company | 3.0% | -1.1% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Aug 31, 2026 | BUY | HWM | 0.0% → 5.8% |
| Aug 31, 2026 | SELL | GVA | 4.5% → 0.0% |
| Aug 31, 2026 | BUY | MSI | 0.0% → 6.9% |
| Aug 31, 2026 | BUY | APH | 0.0% → 4.8% |
| Aug 31, 2026 | BUY | ALLE | 0.0% → 3.1% |
Investment Style Analysis
Cartenna Capital LP is widely recognized for employing a Long/Short Equity strategy. As of Sep 4, 2026, the firm oversees approximately $2.0B in assets under management (AUM). The portfolio demonstrates a clear preference for the Specialty Industrial Machinery and Conglomerates sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Aug 31, Cartenna Capital LP made a significant move by increasing exposure to HWM. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
The firm employs an iterative, bottom-up investment process centered on primary research of individual companies and sub-sectors to identify favorable risk-reward opportunities. Strategy highlights include analyzing revenue inflection points, margin trajectories, and modeling discrepancies versus consensus estimates. The firm typically manages a long/short equity portfolio with a focus on active trading and risk management to achieve uncorrelated, risk-adjusted returns while often maintaining lower net exposure. By utilizing a contrarian and catalyst-driven approach, Cartenna seeks to capitalize on market share shifts and modeling discrepancies identified through public and third-party data.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with Cartenna Capital LP.
Similar Investment Style
Based on Long/Short Equity.
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Frequently asked questions
How is the simulated portfolio for Cartenna Capital LP constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is Cartenna Capital LP's largest holding?
As of the latest filing, Cartenna Capital LP's top position is 3M Company (MMM), representing 9.9% of the portfolio. This reflects a high-conviction bet by the institution.
What is Cartenna Capital LP's historical performance and risk profile?
Our simulation indicates a total return of +21.3% with a win rate of 54%. Notably, the portfolio maintains a Sharpe Ratio of 4.79, suggesting an exceptional level of risk-adjusted returns compared to the broader market.
What sectors does Cartenna Capital LP primarily invest in?
Cartenna Capital LP has a strong preference for the Specialty Industrial Machinery sector, which makes up 14.1% of their disclosed assets. The portfolio also has exposure to Conglomerates, indicating a specific thematic focus.
Is Cartenna Capital LP's portfolio concentrated or diversified?
Cartenna Capital LP runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 24.5% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has Cartenna Capital LP performed in 2026?
Our AI-simulated model portfolio for Cartenna Capital LP tracks a Year-to-Date (YTD) return of +18.8%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Peter Avellone manage Cartenna Capital LP directly?
Yes, Peter Avellone serves as the key portfolio manager for Cartenna Capital LP, overseeing the investment strategy and final capital allocation decisions.