# EDGAR Filing Document

**Accession Number:** 0001056973
**File Stem:** 0001056973-25-000017
**Filing Date:** 2025-11
**Character Count:** 9954
**Document Hash:** ddaaf37b08e7755b2d9704115f41c378
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001056973-25-000017.hdr.sgml**: 20251105

**ACCESSION NUMBER**: 0001056973-25-000017

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251105

**DATE AS OF CHANGE**: 20251105

**EFFECTIVENESS DATE**: 20251105

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Carlson Capital, L.P.
- **CENTRAL INDEX KEY:** 0001056973

**ORGANIZATION NAME:**
- **EIN:** 752494317
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-07044
- **FILM NUMBER:** 251453068

**BUSINESS ADDRESS:**
- **STREET 1:** 2100 MCKINNEY AVE
- **STREET 2:** STE 1900
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201
- **BUSINESS PHONE:** 2149329600

**MAIL ADDRESS:**
- **STREET 1:** 2100 MCKINNEY AVE
- **STREET 2:** STE 1900
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CARLSON CAPITAL L P
- **DATE OF NAME CHANGE:** 19980826

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Carlson Capital L.P.<br>**Address:** 2100 MCKINNEY AVE<br>STE 1900<br>DALLAS, TX 75201

**Form 13F File Number:** 028-07044

**CRD Number (if applicable):** 000118156

**SEC File Number (if applicable):** 801-60758

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Travis Goldammer<br>**Title:** Chief Operating Officer<br>**Phone:** 214-932-9600

**Signature, Place, and Date of Signing:**

Travis Goldammer  DALLAS, TX  11-05-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 64

**Form 13F Information Table Value Total:** $271535346

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AFFIRM HLDGS INC | COM CL A | 00827B106 |  | 2192400 | 30000 | SH | Put | SOLE |  | 30000 | 0 | 0 |
| ALBERTSONS COS INC | COMMON STOCK | 013091103 |  | 822970 | 47000 | SH |  | SOLE |  | 47000 | 0 | 0 |
| ALEANNA INC | COM CL A | 01444V103 |  | 361630 | 86000 | SH |  | SOLE |  | 86000 | 0 | 0 |
| AMENTUM HOLDINGS INC | COM | 023939101 |  | 574800 | 24000 | SH |  | SOLE |  | 24000 | 0 | 0 |
| ANTERO RESOURCES CORP | COM | 03674X106 |  | 533604 | 15900 | SH |  | SOLE |  | 15900 | 0 | 0 |
| AON PLC | SHS CL A | G0403H108 |  | 213948 | 600 | SH |  | SOLE |  | 600 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 887348 | 17200 | SH |  | SOLE |  | 17200 | 0 | 0 |
| BILL HOLDINGS INC | COM | 090043100 |  | 296632 | 5600 | SH |  | SOLE |  | 5600 | 0 | 0 |
| BRIGHTHOUSE FINL INC | COM | 10922N103 |  | 796200 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 839270 | 8900 | SH |  | SOLE |  | 8900 | 0 | 0 |
| CARNIVAL CORP | UNIT 99/99/9999 | 143658300 |  | 404740 | 14000 | SH |  | SOLE |  | 14000 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 698805 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| CONAGRA BRANDS INC | COM | 205887102 |  | 481553 | 26300 | SH |  | SOLE |  | 26300 | 0 | 0 |
| CROSS CTRY HEALTHCARE INC | COM | 227483104 |  | 1553324 | 109389 | SH |  | SOLE |  | 109389 | 0 | 0 |
| CULLEN FROST BANKERS INC | COM | 229899109 |  | 1381793 | 10900 | SH |  | SOLE |  | 10900 | 0 | 0 |
| CYBERARK SOFTWARE LTD | SHS | M2682V108 |  | 2174175 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| CYTOKINETICS INC | COM NEW | 23282W605 |  | 258312 | 4700 | SH |  | SOLE |  | 4700 | 0 | 0 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 |  | 729810 | 5100 | SH |  | SOLE |  | 5100 | 0 | 0 |
| EL POLLO LOCO HLDGS INC | COM | 268603107 |  | 892400 | 92000 | SH |  | SOLE |  | 92000 | 0 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 1714450 | 8500 | SH |  | SOLE |  | 8500 | 0 | 0 |
| EXPAND ENERGY CORPORATION | COM | 165167735 |  | 509952 | 4800 | SH |  | SOLE |  | 4800 | 0 | 0 |
| FRONTIER COMMUNICATIONS PARE | COM | 35909D109 |  | 2278350 | 61000 | SH |  | SOLE |  | 61000 | 0 | 0 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 216818 | 700 | SH |  | SOLE |  | 700 | 0 | 0 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 697708 | 40400 | SH |  | SOLE |  | 40400 | 0 | 0 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 3574800 | 40000 | SH | Call | SOLE |  | 40000 | 0 | 0 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 6255900 | 70000 | SH | Put | SOLE |  | 70000 | 0 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 73071000 | 900000 | SH | Put | SOLE |  | 900000 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 1293263 | 4100 | SH |  | SOLE |  | 4100 | 0 | 0 |
| KELLANOVA | COM | 487836108 |  | 3936960 | 48000 | SH |  | SOLE |  | 48000 | 0 | 0 |
| KNIFE RIVER CORP | COMMON STOCK | 498894104 |  | 845570 | 11000 | SH |  | SOLE |  | 11000 | 0 | 0 |
| M  T BK CORP | COM | 55261F104 |  | 731194 | 3700 | SH |  | SOLE |  | 3700 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 201530 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| MASTERBRAND INC | COMMON STOCK | 57638P104 |  | 271302 | 20600 | SH |  | SOLE |  | 20600 | 0 | 0 |
| MERUS N V | COM | N5749R100 |  | 1506400 | 16000 | SH |  | SOLE |  | 16000 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 673335 | 1300 | SH |  | SOLE |  | 1300 | 0 | 0 |
| MIDDLEBY CORP | COM | 596278101 |  | 345618 | 2600 | SH |  | SOLE |  | 2600 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 699664 | 11200 | SH |  | SOLE |  | 11200 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 1033240 | 6500 | SH |  | SOLE |  | 6500 | 0 | 0 |
| MR COOPER GROUP INC | COM | 62482R107 |  | 3161850 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| OCEANEERING INTL INC | COM | 675232102 |  | 641802 | 25900 | SH |  | SOLE |  | 25900 | 0 | 0 |
| OLD NATL BANCORP IND | COM | 680033107 |  | 825320 | 37600 | SH |  | SOLE |  | 37600 | 0 | 0 |
| OMNICOM GROUP INC | COM | 681919106 |  | 777796 | 9540 | SH |  | SOLE |  | 9540 | 0 | 0 |
| PARAMOUNT GROUP INC | COM | 69924R108 |  | 1504200 | 230000 | SH |  | SOLE |  | 230000 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 778560 | 4800 | SH |  | SOLE |  | 4800 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 952140 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| QUANTUMSCAPE CORP | COM CL A | 74767V109 |  | 1232000 | 100000 | SH | Put | SOLE |  | 100000 | 0 | 0 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 518172 | 5800 | SH |  | SOLE |  | 5800 | 0 | 0 |
| SOFI TECHNOLOGIES INC | COM | 83406F102 |  | 1717300 | 65000 | SH | Put | SOLE |  | 65000 | 0 | 0 |
| SOLID POWER INC | CLASS A COM | 83422N105 |  | 34700 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| SOLID POWER INC | CLASS A COM | 83422N105 |  | 173500 | 50000 | SH | Put | SOLE |  | 50000 | 0 | 0 |
| SOUTHSTATE BK CORP | COM | 84472E102 |  | 800847 | 8100 | SH |  | SOLE |  | 8100 | 0 | 0 |
| SPDR SERIES TRUST | S REGL BKG | 78464A698 |  | 689970 | 10900 | SH |  | SOLE |  | 10900 | 0 | 0 |
| STATE STR CORP | COM | 857477103 |  | 881676 | 7600 | SH |  | SOLE |  | 7600 | 0 | 0 |
| SWK HLDGS CORP | COM NEW | 78501P203 |  | 123574430 | 8493088 | SH |  | SOLE |  | 8493088 | 0 | 0 |
| SYNOVUS FINL CORP | COM NEW | 87161C501 |  | 1884672 | 38400 | SH |  | SOLE |  | 38400 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 681720 | 7600 | SH |  | SOLE |  | 7600 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 6226080 | 14000 | SH | Put | SOLE |  | 14000 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 881904 | 4800 | SH |  | SOLE |  | 4800 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 735064 | 8800 | SH |  | SOLE |  | 8800 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 724950 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| VERONA PHARMA PLC | SPONSORED ADS | 925050106 |  | 3521430 | 33000 | SH |  | SOLE |  | 33000 | 0 | 0 |
| WILLIS TOWERS WATSON PLC LTD | SHS | G96629103 |  | 207270 | 600 | SH |  | SOLE |  | 600 | 0 | 0 |
| WNS HLDGS LTD | COM SHS | G98196101 |  | 1830480 | 24000 | SH |  | SOLE |  | 24000 | 0 | 0 |

---