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Yaupon Capital Management LP

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13F filer, CIK 1755028, NEW YORK, NY

Yaupon Capital Management LP reported $2,227,475,022 across 116 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-14. Its ten largest share positions make up 30.51% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001085146-25-005155

Period
2025-06-30
Reported value
$2.23B
Holdings
116
Top 10 weight
30.51%
New
62
Sold out
32

Largest buys vs the previous quarter

SecurityShares changeApprox. value
HESS CORPnew+254,343$35.2M
CSXnew+1,036,094$33.8M
LNGnew+122,933$29.9M
LNTnew+473,557$28.6M
EVRGadded+414,241$28.6M

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
AEPreduced-442,120-$45.9M
GEVexited-125,764-$38.4M
CNPexited-704,980-$25.5M
TRPexited-539,615-$25.5M
ATOexited-163,218-$25.2M

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, Q2 2025

Share positions as resolved from 13F-HR 0001085146-25-005155, largest first. % of portfolio is the value over $1,506,197,050, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
BPBP PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,600,911 shares; 2025Q1: 1,988,362 shares; 2025Q2: 1,910,792 shares 1,910,792$57.2M3.8%-77,570Timeline
SHELSHELL PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 693,641 shares; 2024Q4: 686,365 shares; 2025Q1: 854,449 shares; 2025Q2: 804,153 shares 804,153$56.6M3.76%-50,296Timeline
EVRGEVERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 540,162 shares; 2024Q4: 548,578 shares; 2025Q1: 396,263 shares; 2025Q2: 810,504 shares 810,504$55.9M3.71%+414,241Timeline
AEPAMERICAN ELEC PWR CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 900,000 shares; 2025Q2: 457,880 shares 457,880$47.5M3.15%-442,120Timeline
ETRENTERGY CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 581,185 shares; 2025Q2: 534,514 shares 534,514$44.4M2.95%-46,671Timeline
AEEAMEREN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 278,779 shares; 2024Q4: 233,700 shares; 2025Q1: 256,302 shares; 2025Q2: 459,930 shares 459,930$44.2M2.93%+203,628Timeline
NFGNATIONAL FUEL GAS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 387,756 shares; 2024Q4: 568,624 shares; 2025Q1: 234,640 shares; 2025Q2: 472,790 shares 472,790$40.1M2.66%+238,150Timeline
FTITECHNIPFMC PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,263,549 shares; 2025Q1: 1,115,011 shares; 2025Q2: 1,142,296 shares 1,142,296$39.3M2.61%+27,285Timeline
EQTEQT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,310,133 shares; 2024Q4: 399,934 shares; 2025Q1: 810,538 shares; 2025Q2: 639,896 shares 639,896$37.3M2.48%-170,642Timeline
OVVOVINTIV INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 269,881 shares; 2024Q4: 934,442 shares; 2025Q1: 1,164,408 shares; 2025Q2: 973,584 shares 973,584$37M2.46%-190,824Timeline
NINISOURCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 822,522 shares; 2024Q4: 755,206 shares; 2025Q1: 900,290 shares; 2025Q2: 909,161 shares 909,161$36.7M2.43%+8,871Timeline
PRPERMIAN RESOURCES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,748,416 shares; 2024Q4: 3,140,087 shares; 2025Q1: 1,982,187 shares; 2025Q2: 2,680,514 shares 2,680,514$36.5M2.42%+698,327Timeline
CVECENOVUS ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,661,010 shares; 2024Q4: not reported; 2025Q1: 1,418,730 shares; 2025Q2: 2,658,198 shares 2,658,198$36.2M2.4%+1,239,468Timeline
HESS CORPHESS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 294,638 shares; 2024Q4: 270,228 shares; 2025Q1: not reported; 2025Q2: 254,343 shares 254,343$35.2M2.34%new
CSXCSX CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,036,094 shares 1,036,094$33.8M2.24%newTimeline
PNWPINNACLE WEST CAP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 250,291 shares; 2024Q4: 290,354 shares; 2025Q1: 239,533 shares; 2025Q2: 372,131 shares 372,131$33.3M2.21%+132,598Timeline
NEXTNEXTDECADE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,129,181 shares; 2024Q4: 2,340,311 shares; 2025Q1: 3,967,381 shares; 2025Q2: 3,672,399 shares 3,672,399$32.7M2.17%-294,982Timeline
LNGCHENIERE ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 79,405 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 122,933 shares 122,933$29.9M1.99%newTimeline
DUKDUKE ENERGY CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 93,599 shares; 2024Q4: 227,935 shares; 2025Q1: 228,495 shares; 2025Q2: 248,767 shares 248,767$29.4M1.95%+20,272Timeline
LNTALLIANT ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 473,557 shares 473,557$28.6M1.9%newTimeline
DTEDTE ENERGY COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 279,476 shares; 2024Q4: 106,875 shares; 2025Q1: 191,200 shares; 2025Q2: 213,813 shares 213,813$28.3M1.88%+22,613Timeline
PWRQUANTA SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 73,521 shares 73,521$27.8M1.85%newTimeline
MTDRMATADOR RES COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 744,037 shares; 2024Q4: 645,243 shares; 2025Q1: 614,301 shares; 2025Q2: 574,388 shares 574,388$27.4M1.82%-39,913Timeline
ADMARCHER DANIELS MIDLAND COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 494,284 shares 494,284$26.1M1.73%newTimeline
PRIMPRIMORIS SVCS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 699,817 shares; 2024Q4: 31,679 shares; 2025Q1: 381,316 shares; 2025Q2: 323,931 shares 323,931$25.2M1.68%-57,385Timeline
CNQCANADIAN NAT RES LTD MED TERQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,403,457 shares; 2025Q2: 794,101 shares 794,101$25M1.66%-609,356Timeline
AQNALGONQUIN POWER & UTILITIESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,201,336 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 4,307,038 shares 4,307,038$24.7M1.64%newTimeline
BGBUNGE GLOBAL SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 260,670 shares; 2025Q2: 299,307 shares 299,307$24M1.6%+38,637Timeline
NSCNORFOLK SOUTHN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 115,905 shares; 2024Q4: 118,902 shares; 2025Q1: not reported; 2025Q2: 80,851 shares 80,851$20.7M1.37%newTimeline
AWKAMERICAN WTR WKS CO INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 89,931 shares; 2025Q2: 140,529 shares 140,529$19.5M1.3%+50,598Timeline
IDAIDACORP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 161,832 shares 161,832$18.7M1.24%newTimeline
GFLGFL ENVIRONMENTAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 734,568 shares; 2024Q4: 175,423 shares; 2025Q1: 433,046 shares; 2025Q2: 360,249 shares 360,249$18.2M1.21%-72,797Timeline
SHWSHERWIN WILLIAMS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 38,340 shares; 2024Q4: 26,057 shares; 2025Q1: not reported; 2025Q2: 52,623 shares 52,623$18.1M1.2%newTimeline
FCXFREEPORT MCMORAN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 703,298 shares; 2025Q2: 400,524 shares 400,524$17.4M1.15%-302,774Timeline
CTRACOTERRA ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 759,813 shares; 2024Q4: 1,302,139 shares; 2025Q1: 858,520 shares; 2025Q2: 656,937 shares 656,937$16.7M1.11%-201,583Timeline
DTMDT MIDSTREAM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 202,376 shares; 2025Q1: 216,497 shares; 2025Q2: 148,825 shares 148,825$16.4M1.09%-67,672Timeline
ETNEATON CORP PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 9,905 shares; 2025Q1: not reported; 2025Q2: 44,621 shares 44,621$15.9M1.06%newTimeline
FEFIRSTENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 424,985 shares; 2024Q4: 339,117 shares; 2025Q1: 468,512 shares; 2025Q2: 395,124 shares 395,124$15.9M1.06%-73,388Timeline
CRSCARPENTER TECHNOLOGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 57,239 shares 57,239$15.8M1.05%newTimeline
HBMHUDBAY MINERALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,710,455 shares; 2024Q4: 1,458,356 shares; 2025Q1: 1,777,347 shares; 2025Q2: 1,370,782 shares 1,370,782$14.5M0.97%-406,565Timeline
FSLRFIRST SOLAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 85,098 shares; 2024Q4: 190,534 shares; 2025Q1: 100,201 shares; 2025Q2: 84,402 shares 84,402$14M0.93%-15,799Timeline
DARDARLING INGREDIENTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 365,841 shares 365,841$13.9M0.92%newTimeline
MPCMARATHON PETE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 225,211 shares; 2025Q1: 137,350 shares; 2025Q2: 83,352 shares 83,352$13.8M0.92%-53,998Timeline
XELXCEL ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,000,000 shares; 2025Q1: 265,793 shares; 2025Q2: 201,545 shares 201,545$13.7M0.91%-64,248Timeline
VSTVISTRA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 82,137 shares; 2025Q1: not reported; 2025Q2: 67,867 shares 67,867$13.2M0.87%newTimeline
TACTRANSALTA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,685,955 shares; 2024Q4: 705,848 shares; 2025Q1: 1,680,101 shares; 2025Q2: 1,160,494 shares 1,160,494$12.5M0.83%-519,607Timeline
ATIATI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 135,246 shares 135,246$11.7M0.78%newTimeline
ESEVERSOURCE ENERGYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 183,437 shares 183,437$11.7M0.77%newTimeline
TECKTECK RESOURCES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,195,896 shares; 2024Q4: 551,281 shares; 2025Q1: 329,595 shares; 2025Q2: 262,733 shares 262,733$10.6M0.7%-66,862Timeline
AESAES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 994,713 shares 994,713$10.5M0.69%newTimeline
EEEXCELERATE ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 325,000 shares 325,000$9.53M0.63%newTimeline
TXNMTXNM ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 323,487 shares; 2024Q4: 639,345 shares; 2025Q1: 286,974 shares; 2025Q2: 150,165 shares 150,165$8.46M0.56%-136,809Timeline
FLSFLOWSERVE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 47,841 shares; 2024Q4: 105,924 shares; 2025Q1: not reported; 2025Q2: 160,008 shares 160,008$8.38M0.56%newTimeline
TLNTALEN ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 27,839 shares 27,839$8.09M0.54%newTimeline
FMCFMC CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 189,694 shares 189,694$7.92M0.53%newTimeline
ECLECOLAB INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 29,062 shares 29,062$7.83M0.52%newTimeline
CECELANESE CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 141,086 shares 141,086$7.81M0.52%newTimeline
CTVACORTEVA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 429,934 shares; 2025Q2: 104,640 shares 104,640$7.8M0.52%-325,294Timeline
ARRYARRAY TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 707,012 shares; 2025Q2: 1,302,064 shares 1,302,064$7.68M0.51%+595,052Timeline
GPORGULFPORT ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 57,745 shares; 2025Q1: not reported; 2025Q2: 37,872 shares 37,872$7.62M0.51%newTimeline
ECVTECOVYST INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 900,000 shares 900,000$7.41M0.49%newTimeline
DBRGDIGITALBRIDGE GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 684,215 shares 684,215$7.08M0.47%newTimeline
TBNTAMBORAN RES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 139,355 shares; 2024Q4: 315,544 shares; 2025Q1: 315,544 shares; 2025Q2: 315,544 shares 315,544$6.73M0.45%0Timeline
INRINFINITY NAT RES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 400,000 shares; 2025Q2: 359,006 shares 359,006$6.57M0.44%-40,994Timeline
KRPKIMBELL RTY PARTNERS LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 450,000 shares; 2025Q2: 450,000 shares 450,000$6.28M0.42%0Timeline
NWENORTHWESTERN ENERGY GROUP INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 122,414 shares 122,414$6.28M0.42%newTimeline
XIFRXPLR INFRASTRUCTURE LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 738,933 shares; 2025Q2: 738,933 shares 738,933$6.06M0.4%0Timeline
BKVBKV CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 924,851 shares; 2024Q4: 418,026 shares; 2025Q1: 615,089 shares; 2025Q2: 219,227 shares 219,227$5.29M0.35%-395,862Timeline
OROR ROYALTIES INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 187,197 shares 187,197$4.81M0.32%newTimeline
KNTKKINETIK HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 152,056 shares; 2024Q4: not reported; 2025Q1: 200,000 shares; 2025Q2: 100,000 shares 100,000$4.41M0.29%-100,000Timeline
VGVENTURE GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 280,000 shares 280,000$4.36M0.29%newTimeline
SHLSSHOALS TECHNOLOGIES GROUP INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,530,289 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 847,727 shares 847,727$3.6M0.24%newTimeline
CDLRCADELER A SQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 114,641 shares; 2024Q4: 114,641 shares; 2025Q1: 134,950 shares; 2025Q2: 180,566 shares 180,566$3.59M0.24%+45,616Timeline
PPTAPERPETUA RESOURCES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 250,000 shares; 2025Q1: not reported; 2025Q2: 201,554 shares 201,554$2.45M0.16%newTimeline
WTRGESSENTIAL UTILS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 50,000 shares 50,000$1.86M0.12%newTimeline
CORZCORE SCIENTIFIC INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 102,890 shares 102,890$1.76M0.12%newTimeline
OPALOPAL FUELS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 700,054 shares; 2024Q4: 700,054 shares; 2025Q1: 711,508 shares; 2025Q2: 711,508 shares 711,508$1.72M0.11%0Timeline
KBRKBR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 30,314 shares 30,314$1.45M0.1%newTimeline
HESMHESS MIDSTREAM LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,250,000 shares; 2024Q4: 282,204 shares; 2025Q1: not reported; 2025Q2: 27,006 shares 27,006$1.04M0.07%newTimeline
CNMCORE & MAIN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 367,798 shares; 2025Q1: not reported; 2025Q2: 12,212 shares 12,212$737K0.05%newTimeline
PONYPONY AI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 39,320 shares 39,320$519K0.03%newTimeline
HCM II ACQUISITION CORPHCM II ACQUISITION CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 35,139 shares 35,139$390K0.03%new
GSR III ACQUISITION CORPGSR III ACQUISITION CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 29,388 shares 29,388$317K0.02%new

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
DDOMINION ENERGY INC Stockput1,250,000$70.7M+750,000
XLUSELECT SECTOR SPDR TR SHSput750,000$61.2M-250,000
HYGISHARES TR IBOXX HI YD ETFput750,000$60.5Mnew
EXEEXPAND ENERGY CORPORATION Stockput400,000$46.8M0
DOWDOW HLDGS INC Stockput1,500,000$39.7M+1,000,000
DINOHF SINCLAIR CORP Stockcall808,300$33.2M+308,300
TSLATESLA INC COMput100,000$31.8Mnew
WMBWILLIAMS COS INC Stockcall500,000$31.4Mnew
ALBALBEMARLE CORP COMput500,000$31.3Mnew
EDCONSOLIDATED EDISON INC COMput300,000$30.1Mnew
VGVENTURE GLOBAL INC COM CL Aput1,900,000$29.6M+1,500,000
VRTVERTIV HOLDINGS CO Stockput200,000$25.7Mnew
ETNEATON CORP PLC COMput70,000$25M-180,000
PSXPHILLIPS 66 Stockput200,000$23.9Mnew
XELXCEL ENERGY INC COMcall300,000$20.4Mnew
PORPORTLAND GEN ELEC CO COM NEWput500,000$20.3Mnew
VSTVISTRA CORP Stockcall100,000$19.4Mnew
NEENEXTERA ENERGY INC COMput250,000$17.4M-150,000
FSLRFIRST SOLAR INC Stockcall100,000$16.6Mnew
AESAES CORP Stockcall1,500,000$15.8Mnew
CVECENOVUS ENERGY INC COMcall1,000,000$13.6Mnew
DOWDOW HLDGS INC Stockcall500,000$13.2Mnew
EQNREQUINOR ASA ADRput300,000$7.54Mnew
MSTRSTRATEGY INC Stockput14,700$5.94Mnew
CCCHEMOURS CO Stockcall500,000$5.72Mnew
TPLTEXAS PACIFIC LAND CORPORATI Stockput5,000$5.28Mnew
TALOTALOS ENERGY INC COMput600,000$5.09M+200,000
NEXTNEXTDECADE CORP COMcall495,700$4.42M-3,504,300
RUNSUNRUN INC COMcall498,700$4.08Mnew
HUTHUT 8 CORP COMcall200,000$3.72Mnew
TXNMTXNM ENERGY INC Stockput18,200$1.03Mnew
CLNECLEAN ENERGY FUELS CORP COMMON STOCKcall500,000$975Knew

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

SecurityTypeAmountValueChange
SOLARIS ENERGY INFRAS INCSOLARIS ENERGY INFRAS INC NOTE 4.750% 5/0principal5,000$6.7Mnew

Sold out in Q2 2025

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

SecurityShares beforeValue beforeType
SLBSLB LIMITED1,700,000$71.1Mput
OKEONEOK INC NEW500,000$49.6Mput
GEVGE VERNOVA INC125,764$38.4Mshares
EOGEOG RES INC280,000$35.9Mput
CEGCONSTELLATION ENERGY CORP150,000$30.2Mput
ADMARCHER DANIELS MIDLAND CO600,000$28.8Mput
CNPCENTERPOINT ENERGY INC704,980$25.5Mshares
TRPTC ENERGY CORP539,615$25.5Mshares
ATOATMOS ENERGY CORP163,218$25.2Mshares
VIPER ENERGY INC-CL AVIPER ENERGY INC-CL A523,909$23.7Mshares
PPLPPL CORP643,928$23.3Mshares
FCXFREEPORT MCMORAN INC425,000$16.1Mcall
LYBLYONDELLBASELL INDUSTRIES NV200,000$14.1Mput
SAROSTANDARDAERO INC525,000$14Mshares
TXNMTXNM ENERGY INC250,000$13.4Mcall
OSISKO GOLD ROYALTIES LTDOSISKO GOLD ROYALTIES LTD629,871$13.3Mshares
BKRBAKER HUGHES COMPANY269,628$11.9Mshares
CPCANADIAN PACIFIC KANSAS CITY168,771$11.8Mshares
CCJCAMECO CORP220,000$9.06Mput
PBAPEMBINA PIPELINE CORP154,586$6.18Mshares
AESIATLAS ENERGY SOLUTIONS INC325,000$5.8Mshares
PARRPAR PAC HOLDINGS INC400,000$5.7Mshares
FLOCFLOWCO HLDGS INC215,018$5.52Mshares
MPMP MATERIALS CORP202,896$4.95Mshares
SLDPSOLID POWER INC3,560,365$3.74Mshares
HNRGHALLADOR ENERGY COMPANY275,665$3.39Mshares
HUTHUT 8 CORP275,000$3.2Mshares
DKDELEK US HLDGS INC NEW205,349$3.09Mshares
LBLANDBRIDGE COMPANY LLC27,700$1.99Mshares
DINOHF SINCLAIR CORP21,341$702Kshares
CLNECLEAN ENERGY FUELS CORP324,000$502Kshares
NOVAQSUNNOVA ENERGY INTERNATIONAL I896,888$334Kshares

How Q2 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 0001085146-25-005155 base2025-08-14acceptance time not in the bulk data set