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LUMINUS MANAGEMENT LLC

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13F filer, CIK 1279151, HOUSTON, TX

LUMINUS MANAGEMENT LLC reported $114,197,144 across 22 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-17. Its ten largest share positions make up 93.52% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001104659-26-016545

Period
2025-12-31
Reported value
$114M
Holdings
22
Top 10 weight
93.52%
New
10
Sold out
8

Largest buys vs the previous quarter

SecurityShares changeApprox. value
VGadded+2,700,000$18.4M
AXTAnew+198,612$6.42M
SOLSnew+98,119$4.77M
AVNTadded+151,403$4.73M
GXOadded+50,417$2.65M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
CCreduced-1,407,020-$16.6M
KEXexited-116,956-$9.76M
OIreduced-472,250-$6.97M
SEEreduced-140,181-$5.81M
FULexited-36,632-$2.17M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2025

Share positions as resolved from 13F-HR 0001104659-26-016545, largest first. % of portfolio is the value over $108,400,144, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
OIO-I GLASS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,118,053 shares; 2024Q4: 1,670,634 shares; 2025Q1: 3,179,526 shares; 2025Q2: 1,776,636 shares; 2025Q3: 2,045,251 shares; 2025Q4: 1,573,001 shares 1,573,001$23.2M21.42%-472,250Timeline
VGVENTURE GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 18,325,483 shares; 2025Q2: 18,027,083 shares; 2025Q3: 0 shares; 2025Q4: 2,700,000 shares 2,700,000$18.4M16.99%+2,700,000Timeline
SEESEALED AIR CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 231,562 shares; 2024Q4: 12,000 shares; 2025Q1: 323,125 shares; 2025Q2: 433,804 shares; 2025Q3: 499,161 shares; 2025Q4: 358,980 shares 358,980$14.9M13.72%-140,181Timeline
KWRQUAKER HOUGHTONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 47,482 shares; 2025Q2: 103,051 shares; 2025Q3: 60,466 shares; 2025Q4: 77,527 shares 77,527$10.6M9.82%+17,061Timeline
BATLBATTALION OIL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,151,448 shares; 2024Q4: 6,151,448 shares; 2025Q1: 6,151,448 shares; 2025Q2: 6,151,448 shares; 2025Q3: 6,151,448 shares; 2025Q4: 6,151,448 shares 6,151,448$6.95M6.41%0Timeline
AXTAAXALTA COATING SYS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 198,612 shares 198,612$6.42M5.92%newTimeline
AVNTAVIENT CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 46,300 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 46,425 shares; 2025Q4: 197,828 shares 197,828$6.18M5.7%+151,403Timeline
GXOGXO LOGISTICS INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 107,752 shares; 2025Q3: 57,752 shares; 2025Q4: 108,169 shares 108,169$5.69M5.25%+50,417Timeline
SOLSSOLSTICE ADVANCED MATLS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 98,119 shares 98,119$4.77M4.4%newTimeline
CCCHEMOURS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,616,202 shares; 2024Q4: 601,541 shares; 2025Q1: 1,902,574 shares; 2025Q2: 2,061,790 shares; 2025Q3: 1,765,089 shares; 2025Q4: 358,069 shares 358,069$4.22M3.89%-1,407,020Timeline
WLKWESTLAKE CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 35,189 shares 35,189$2.6M2.4%newTimeline
VXXBARCLAYS BANK PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 55,000 shares; 2024Q4: not reported; 2025Q1: 15,100 shares; 2025Q2: 23,750 shares; 2025Q3: 42,000 shares; 2025Q4: 55,000 shares 55,000$1.46M1.34%+13,000Timeline
ACETADICET BIO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 59,558 shares 59,558$501K0.46%newTimeline
SGMOSANGAMO THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 250,000 shares; 2025Q4: 1,158,761 shares 1,158,761$487K0.45%+908,761Timeline
DHXDHI GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 263,098 shares 263,098$408K0.38%newTimeline
LUCDLUCID DIAGNOSTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,152,915 shares; 2024Q4: 1,016,720 shares; 2025Q1: 456,644 shares; 2025Q2: 794,830 shares; 2025Q3: 912,805 shares; 2025Q4: 370,969 shares 370,969$404K0.37%-541,836Timeline
MXCTMAXCYTE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 225,000 shares; 2025Q4: 236,495 shares 236,495$367K0.34%+11,495Timeline
FRMIFERMI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 40,000 shares 40,000$320K0.3%newTimeline
VTGNVISTAGEN THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 350,000 shares 350,000$232K0.21%newTimeline
MREOMEREO BIOPHARMA GROUP PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 395,000 shares 395,000$165K0.15%newTimeline
CRCLCIRCLE INTERNET GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,000 shares 1,000$79.3K0.07%newTimeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
VENTURE GLOBAL INCVENTURE GLOBAL INC CALLcall850,000$5.8Mnew

Sold out in Q4 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
KEXKIRBY CORP116,956$9.76Mshares
FULFULLER H B CO36,632$2.17Mshares
SOCSABLE OFFSHORE CORP100,000$1.75Mshares
DQDAQO NEW ENERGY CORP40,000$1.13Mshares
REKRREKOR SYSTEMS INC275,000$432Kshares
Mersana Therapeutics IncMersana Therapeutics Inc50,000$388Kshares
FBLGFIBROBIOLOGICS INC COM26,629$346Kshares
STARDUST PWR INC COMSTARDUST PWR INC COM105,000$326Kshares

How Q4 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001104659-26-016545 base2026-02-17acceptance time not in the bulk data set