1y return+73.7%S&P 500 +20.9%
3y return+89.5%S&P 500 +68.5%
5y return+122.9%S&P 500 +74.5%
10y return+382.6%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $483 against $357 in the S&P 500.2
Clearfield Capital Management LPS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| Bitdeer Technologies GroupCUSIP G11448100 | $64.9M | 45.5% | +236.3% |
| WULFTerawulf Inc | $28.8M | 20.2% | +132.8% |
| KEELKeel Infrastructure Corp | $22.9M | 16.1% | New |
| APLDApplied Digital Corp | $19.2M | 13.5% | |
| CLSKCleanspark Inc | $6.8M | 4.8% | −65.0% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| APLDApplied Digital Corp | June 30, 2024 | +526.9% | $19.2M |
| WULFTerawulf Inc | December 31, 2025 | +115.0% | $28.8M |
| Bitdeer Technologies GroupCUSIP G11448100 | March 31, 2026 | +83.5% | $64.9M |
| CLSKCleanspark Inc | December 31, 2025 | +43.8% | $6.8M |
Sold off last quarter
- ECGEverus Constr Group was $23.3M
- USFDUs Foods Hldg Corp was $21.4M
- VRTVertiv Holdings Co was $20.9M
- UALUnited Airls Hldgs Inc was $20.5M
- DALDelta Air Lines Inc was $13.1M
- TLNTalen Energy Corp was $12.5M
- RIOTRiot Platforms Inc was $10.9M
- VSTVistra Corp was $7.3M
- CEGConstellation Energy Corp was $7.1M
- Whitefiber IncCUSIP G96115103 was $2.2M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +44.1% | +14.8% |
| March 31, 2026 | −0.9% | −4.6% |
| December 31, 2025 | +2.8% | +2.4% |
| September 30, 2025 | +18.2% | +7.8% |
| June 30, 2025 | +36.7% | +10.5% |
| March 31, 2025 | −20.3% | −4.6% |
| December 31, 2024 | −9.2% | +2.1% |
| September 30, 2024 | +12.0% | +5.4% |
| June 30, 2024 | −7.0% | +4.0% |
| March 31, 2024 | +11.6% | +10.0% |
| December 31, 2023 | −0.5% | +11.2% |
| September 30, 2023 | −4.6% | −3.6% |
| June 30, 2023 | +7.0% | +8.3% |
| March 31, 2023 | +0.4% | +7.0% |
| December 31, 2022 | +22.1% | +7.1% |
| September 30, 2022 | −4.3% | −5.3% |
| June 30, 2022 | −13.6% | −16.5% |
| March 31, 2022 | −3.9% | −4.9% |
| December 31, 2021 | +18.0% | +10.7% |
| September 30, 2021 | −4.3% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Clearfield Capital Management LP Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1643569&type=13F-HR&dateb=&owner=include&count=40CIK 1643569
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1643569/000164356926000004/Filed August 14, 2026 · accession 0001643569-26-000004