Was Peter Avellone's Cartenna Capital Right About These 10 Stocks?
In this article, we discuss the 10 stocks Peter Avellone's Cartenna Capital had bought in the third quarter of last year and evaluate their performance over the past 12 months.
Peter Avellone founded New York based Cartenna Capital in 2020. Cartenna Capital invests primarily in the transports, materials, information technology, industrials, finance, consumer discretionary, and consumer staples sectors, with a top ten holdings concentration of around 55%.
Avellone is a graduate from College of the Holy Cross and joined Lehman Brothers’ investment banking division in 2005. He started as a research analyst at the global alternative investment manager, Angelo Gordon, in 2007.
Peter Avellone joined Steve Cohen’s Point72 Asset Management in 2008 as a research analyst and was promoted to portfolio manager in 2013. Over the course of his career, Avellone also served as the portfolio manager at Citadel LLC and Continuum Asset Management, before starting his own hedge fund in 2020.
