UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
Report for the Calendar Year or Quarter Ended:
03-31-2025
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:
Candlestick Capital Management LP
Address:
1 Lafayette Place
Greenwich, CT 06830
Form 13F File Number:
028-20125

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:
James McGovern
Title:
Chief Compliance Officer
Phone:
203-889-4855


Signature, Place, and Date of Signing:

/s/ James McGovern
                         [Signature]
Greenwich, CONNECTICUT
                 [City, State]
05-15-2025
                           [Date]
                          

Report Type (Check only one.):

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

☐ 13F NOTICE. (Check here if no holdings reported are 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:
74
Form 13F Information table Value Total:
4836864706
          (thousands)

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


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
3M COCOM88579Y10147,853,156325,842SHSOLE325,842 0 0
ALASKA AIR GROUP INCCOM01165910939,296,165798,378SHSOLE798,378 0 0
ALASKA AIR GROUP INCCOM01165910999,434,2442,020,200SHCallSOLE2,020,200 0 0
ALBERTSONS COS INCCOMMON STOCK01309110331,425,7991,429,095SHSOLE1,429,095 0 0
AMER SPORTS INCCOM SHSG0260P10289,753,9413,357,798SHSOLE3,357,798 0 0
ATLASSIAN CORPORATIONCL A04946810128,739,813135,431SHSOLE135,431 0 0
AUTOZONE INCCOM05333210242,249,41511,081SHSOLE11,081 0 0
BEST BUY INCCOM08651610111,512,898156,404SHSOLE156,404 0 0
BRINKER INTL INCCOM10964110021,156,604141,943SHSOLE141,943 0 0
CELSIUS HLDGS INCCOM NEW15118V20755,711,2831,564,045SHSOLE1,564,045 0 0
CHEWY INCCL A16679L10959,059,7791,816,665SHSOLE1,816,665 0 0
CHIPOTLE MEXICAN GRILL INCCOM16965610565,443,7141,303,400SHCallSOLE1,303,400 0 0
CINEMARK HLDGS INCCOM17243V102136,581,2375,487,394SHSOLE5,487,394 0 0
COCA COLA COCOM19121610029,402,445410,534SHSOLE410,534 0 0
COSTAR GROUP INCCOM22160N10993,384,2021,178,647SHSOLE1,178,647 0 0
DECKERS OUTDOOR CORPCOM24353710735,600,304318,400SHPutSOLE318,400 0 0
DELTA AIR LINES INC DELCOM NEW247361702295,507,7206,777,700SHCallSOLE6,777,700 0 0
DELTA AIR LINES INC DELCOM NEW24736170257,394,4301,316,386SHSOLE1,316,386 0 0
DOLLAR TREE INCCOM25674610812,988,536173,019SHSOLE173,019 0 0
DRAFTKINGS INC NEWCOM CL A26142V1058,352,946251,519SHSOLE251,519 0 0
EDISON INTLCOM28102010746,075,440782,000SHCallSOLE782,000 0 0
EDISON INTLCOM28102010792,153,4141,564,043SHSOLE1,564,043 0 0
ENPHASE ENERGY INCCOM29355A10711,851,550191,000SHPutSOLE191,000 0 0
FAIR ISAAC CORPCOM30325010435,763,79519,393SHSOLE19,393 0 0
HIMS & HERS HEALTH INCCOM CL A43300010620,687,955700,100SHPutSOLE700,100 0 0
INVESCO QQQ TRUNIT SER 146090E10345,838,33797,753SHSOLE97,753 0 0
INVESCO QQQ TRUNIT SER 146090E103179,080,548381,900SHPutSOLE381,900 0 0
ISHARES TRIBOXX HI YD ETF464288513200,861,8292,546,100SHPutSOLE2,546,100 0 0
ISHARES TRRUSSELL 2000 ETF464287655260,015,2661,303,400SHCallSOLE1,303,400 0 0
ISHARES TRUS HOME CONS ETF46428875248,480,932509,200SHPutSOLE509,200 0 0
ISHARES TRRUSSELL 2000 ETF464287655126,975,385636,500SHPutSOLE636,500 0 0
KEURIG DR PEPPER INCCOM49271V10089,202,6432,606,740SHSOLE2,606,740 0 0
KROGER COCOM50104410171,282,0381,053,066SHSOLE1,053,066 0 0
LULULEMON ATHLETICA INCCOM55002110992,249,254325,900SHCallSOLE325,900 0 0
MATCH GROUP INC NEWCOM57667L10735,672,7071,143,356SHSOLE1,143,356 0 0
META PLATFORMS INCCL A30303M10295,411,787165,542SHSOLE165,542 0 0
MGM RESORTS INTERNATIONALCOM55295310126,412,204891,100SHPutSOLE891,100 0 0
NETFLIX INCCOM64110L106166,539,600178,589SHSOLE178,589 0 0
NIKE INCCL B65410610333,098,472521,400SHCallSOLE521,400 0 0
NIKE INCCL B65410610347,160,625742,921SHSOLE742,921 0 0
NORWEGIAN CRUISE LINE HLDG LSHSG6672110424,712,4641,303,400SHCallSOLE1,303,400 0 0
NORWEGIAN CRUISE LINE HLDG LSHSG6672110413,970,012736,815SHSOLE736,815 0 0
OREILLY AUTOMOTIVE INCCOM67103H10775,024,21552,370SHSOLE52,370 0 0
PERFORMANCE FOOD GROUP COCOM71377A10315,801,878200,965SHSOLE200,965 0 0
PHILIP MORRIS INTL INCCOM71817210967,237,076423,594SHSOLE423,594 0 0
PINTEREST INCCL A72352L10647,355,6001,527,600SHPutSOLE1,527,600 0 0
RB GLOBAL INCCOM74935Q10766,946,138667,459SHSOLE667,459 0 0
REDDIT INCCL A75734B10027,336,940260,600SHPutSOLE260,600 0 0
RHCOM74967X10310,431,24544,500SHPutSOLE44,500 0 0
ROYAL CARIBBEAN GROUPCOMV7780T10343,187,597210,220SHSOLE210,220 0 0
SELECT SECTOR SPDR TRINDL81369Y70466,740,844509,200SHPutSOLE509,200 0 0
SERVICENOW INCCOM81762P10233,437,88042,000SHPutSOLE42,000 0 0
SMUCKER J M COCOM NEW83269640548,614,410410,560SHSOLE410,560 0 0
SNOWFLAKE INCCL A83344510959,953,663410,192SHSOLE410,192 0 0
SOLVENTUM CORPCOM SHS83444M10190,487,7521,190,002SHSOLE1,190,002 0 0
SOMNIGROUP INTERNATIONAL INCCOM88023U10110,114,750168,917SHSOLE168,917 0 0
SPDR S&P 500 ETF TRTR UNIT78462F10354,682,05197,753SHSOLE97,753 0 0
SPDR S&P 500 ETF TRTR UNIT78462F103213,631,041381,900SHPutSOLE381,900 0 0
SPDR SER TRS&P RETAIL ETF78464A71440,528,194586,600SHCallSOLE586,600 0 0
SPROUTS FMRS MKT INCCOM85208M10232,362,885212,021SHSOLE212,021 0 0
STARBUCKS CORPCOM85524410960,435,701616,125SHSOLE616,125 0 0
TAPESTRY INCCOM87603010778,463,4961,114,380SHSOLE1,114,380 0 0
TAPESTRY INCCOM87603010773,423,5481,042,800SHCallSOLE1,042,800 0 0
THOR INDS INCCOM88516010148,409,688638,566SHSOLE638,566 0 0
THOR INDS INCCOM88516010119,763,667260,700SHCallSOLE260,700 0 0
TRANSUNIONCOM89400J10722,393,939269,839SHSOLE269,839 0 0
UBER TECHNOLOGIES INCCOM90353T100108,116,9541,483,900SHPutSOLE1,483,900 0 0
UNITED AIRLS HLDGS INCCOM91004710971,998,4351,042,700SHCallSOLE1,042,700 0 0
UNITED AIRLS HLDGS INCCOM910047109105,070,4851,521,658SHSOLE1,521,658 0 0
URBAN OUTFITTERS INCCOM91704710222,879,307436,628SHSOLE436,628 0 0
V F CORPCOM91820410810,114,384651,700SHCallSOLE651,700 0 0
V F CORPCOM91820410867,562,4874,353,253SHSOLE4,353,253 0 0
WALGREENS BOOTS ALLIANCE INCCOM93142710886,268,2787,723,212SHSOLE7,723,212 0 0
ZOOMINFO TECHNOLOGIES INCCOMMON STOCK98980F10433,745,2903,374,529SHSOLE3,374,529 0 0