Skip to main content
Livermore
Livermore
ZHEN

Clearfield Capital Management LP

SEC CIK
0001643569
Latest filing
Aug 14, 2026

The latest 13F from Clearfield Capital Management LP covers Q2 2026 (filed Aug 14, 2026): 5 long positions worth $142.6M. The top 10 holdings make up 100.0% of the portfolio, and the largest is Bitdeer Technologies Group (BTDR) at 45.5%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
1
Est. +$22.9M
Added
2
Est. +$62.0M
Reduced
1
Est. −$12.7M
Sold out
12
Est. −$140.9M

Top 5 holdings

Share of this quarter's portfolio value

  1. BTDRBitdeer Technologies Group
    45.5%$64.9MHistory
  2. WULFTerawulf Inc.
    20.2%$28.8MHistory
  3. KEELKeel Infrastructure Corp.
    16.1%$22.9MHistory
  4. APLDApplied Digital Corp.
    13.5%$19.2MHistory
  5. CLSKCleanspark, Inc.
    4.8%$6.82MHistory

Share of portfolio

Each position's share of portfolio value

  1. BTDR45.5%
  2. WULF20.2%
  3. KEEL16.1%
  4. APLD13.5%
  5. CLSK4.8%

Biggest buys

New and added positions, by estimated amount bought

  1. BTDRBitdeer Technologies Group
    +$45.6MAddedHistory
  2. KEELKeel Infrastructure Corp.
    +$22.9MNewHistory
  3. WULFTerawulf Inc.
    +$16.4MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. BTDRBitdeer Technologies Group
    +39.75 pp5.8% → 45.5%History
  2. WULFTerawulf Inc.
    +16.21 pp4.0% → 20.2%History
  3. KEELKeel Infrastructure Corp.
    +16.08 pp0.0% → 16.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. ECGEverus Construction Group, Inc.
    −$23.3MSold outHistory
  2. USFDUS Foods Holding Corp.
    −$21.4MSold outHistory
  3. VRTVertiv Holdings Co
    −$20.9MSold outHistory
  4. UALUnited Airlines Holdings, Inc.
    −$20.5MSold outHistory
  5. DALDelta Air Lines, Inc.
    −$13.1MSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. ECGEverus Construction Group, Inc.
    −12.80 pp12.8% → 0.0%History
  2. USFDUS Foods Holding Corp.
    −11.75 pp11.7% → 0.0%History
  3. VRTVertiv Holdings Co
    −11.46 pp11.5% → 0.0%History
  4. UALUnited Airlines Holdings, Inc.
    −11.25 pp11.2% → 0.0%History
  5. DALDelta Air Lines, Inc.
    −7.21 pp7.2% → 0.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$142.6M
−$39.7M (−21.8%) vs. prior quarter
Positions
5
−11 vs. prior quarter
Top 10 concentration
100.0%
Top 10 as share of value
Turnover
52.3%
Q2 2026, one quarter
Average holding period
3.0 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $262.6M (Q1 2021)

Q1 2021: $262.6MQ2 2021: $180.6MQ3 2021: $90.5MQ4 2021: $149.5MQ1 2022: $157.1MQ2 2022: $73.2MQ3 2022: $37.1MQ4 2022: $69.0MQ1 2023: $64.1MQ2 2023: $110.9MQ3 2023: $100.1MQ4 2023: $114.8MQ1 2024: $117.9MQ2 2024: $111.2MQ3 2024: $161.0MQ4 2024: $178.0MQ1 2025: $76.2MQ2 2025: $129.8MQ3 2025: $167.1MQ4 2025: $185.1MQ1 2026: $182.3MQ2 2026: $142.6M
Q1 2021Q2 2026
13F filings of Clearfield Capital Management LP by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 20265$142.6MBTDRWULFKEELvs. Q1 2026SEC
Q1 2026May 15, 202616$182.3MECGUSFDVRTvs. Q4 2025SEC
Q4 2025Feb 13, 202618$185.1MUALWYFIUSFDvs. Q3 2025SEC
Q3 2025Nov 14, 202511$167.1MUALTLNECGvs. Q2 2025SEC
Q2 2025Aug 14, 202512$129.8MUSFDVRTECGvs. Q1 2025SEC
Q1 2025May 15, 20256$76.2MAPLDUSFDIFFvs. Q4 2024SEC
Q4 2024Feb 14, 202518$178.0MAPLDIFFUSFDvs. Q3 2024SEC
Q3 2024Nov 7, 20245$161.0MAPLDIFFUSFDvs. Q2 2024SEC
Q2 2024Aug 13, 20248$111.2MAPLDIFFUSFDvs. Q1 2024SEC
Q1 2024May 14, 202410$117.9MIFFUSFDWSCvs. Q4 2023SEC
Q4 2023Feb 14, 202412$114.8MIFFUSFDRBAvs. Q3 2023SEC
Q3 2023Nov 14, 20232$100.1MGOUSFDvs. Q2 2023SEC
Q2 2023Aug 14, 20239$110.9MGOUSFDCTLTvs. Q1 2023SEC
Q1 2023May 12, 20234$64.1MUSFDFYBRFERGvs. Q4 2022SEC
Q4 2022Feb 14, 20235$69.0MUSFDFERGFISvs. Q3 2022SEC
Q3 2022Nov 14, 20223$37.1MUSFDFYBRADNTvs. Q2 2022SEC
Q2 2022Aug 12, 20224$73.2MFYBRADNTDINvs. Q1 2022SEC
Q1 2022May 13, 20225$157.1MEPAYFYBRADNTvs. Q4 2021SEC
Q4 2021Feb 14, 20225$149.5MEPAYFYBRADNTvs. Q3 2021SEC
Q3 2021Nov 15, 20216$90.5MWSCADNTFYBRvs. Q2 2021SEC
Q2 2021Aug 12, 20217$180.6MEPAYADNTWSCvs. Q1 2021SEC
Q1 2021May 13, 20219$262.6MIFFEXPEADNT–SEC

13D and 13G filings

Companies where Clearfield Capital Management LP reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

Clearfield Capital Management LP does not currently report owning 5% or more of any company.

Latest filings

2 filings on file made by Clearfield Capital Management LP or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Clearfield Capital Management LP
CompanyFiled (ET)FormStakeChangeEvent dateFiling
APLDApplied Digital Corp.Feb 14, 20254:30 PM ET13G/A2.40%5.01M shares–Below 5%Dec 31, 2024SEC
APLDApplied Digital Corp.Nov 7, 202413GOld format–New–SEC