CADEN CAPITAL PARTNERS, LP

Key Holdings

The portfolio is dominated by five "core" positions, each comprising between 12% and 19% of the total assets, indicating a roughly equal-weighted approach among top picks.

• PG&E Corp (PCG): Represents the largest holding at 18.81% ($40.00M). As a regulated utility, PCG likely provides stability and dividend yield to the portfolio.
• Crown Castle Inc (CCI): The second-largest position at 15.33% ($32.59M). Notably, this was the only position to see an increase this quarter (+9.8%), suggesting the firm views the recent valuation of this telecom infrastructure REIT as attractive despite broader sector headwinds.
• Alphabet Inc (GOOGL): A major technology weighting at 14.52% ($30.87M). Despite a reduction of 3.8% ($7.61M), it remains a central pillar of the portfolio.
• STERIS PLC: A significant healthcare position at 14.52% ($30.86M). The firm trimmed this position by 10.7%, likely taking profits or managing risk.
• Costar Group Inc (CSGP): The top technology holding at 13.87% ($29.49M). This position saw a modest reduction of 7.9%.