Yaupon Capital Management LP
Reported holdings as of Q2 2026, from 31 quarterly filings.
This filer last reported in Q2 2026; the most recent quarter on file across all filers is Q3 2026. Firms that restructure stop filing under one CIK and start under another, so a successor entity may hold these positions now under a similar name.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T PUT | SPY | $1.4B | options only | +7.87pp | 4q | OPTIONS | |
| ISHARES TR CALL | TLT | $152.1M | options only | - | new | OPTIONS | |
| FIRST SOLAR INC CALL | FSLR | $150.4M | 272,379 | - | new | NEW | |
| NATIONAL FUEL GAS CO CALL | NFG | $143.6M | 1,559,618 | -0.23pp | 10q | +49.5%+$47.5M | |
| VISTRA CORP PUT | VST | $90.5M | 470,483 | -0.34pp | 2q | +4.2%+$3.6M | |
| DEVON ENERGY CORP NEW | DVN | $86.9M | 2,102,988 | - | new | NEW | |
| NISOURCE INC | NI | $83.2M | 1,749,831 | -0.17pp | 3q | +40.8%+$24.1M | |
| OVINTIV INC | OVV | $81.1M | 1,540,608 | -0.43pp | 20q | +40.5%+$23.4M | |
| WILLIAMS COS INC | WMB | $80.9M | 1,088,549 | +0.50pp | 5q | +126.2%+$45.2M | |
| BKV CORP | BKV | $75.8M | 2,768,719 | -0.32pp | 8q | +35.7%+$19.9M | |
| TALEN ENERGY CORP | TLN | $74.4M | 193,647 | +0.68pp | 2q | +144.6%+$44.0M | |
| AIR PRODUCTS AND CHEMICALS I PUT | APD | $73.3M | options only | - | new | OPTIONS | |
| CENOVUS ENERGY INC | CVE | $71.7M | 2,891,599 | -0.96pp | 6q | +1.1%+$781.3K | |
| ENTERGY CORP NEW | ETR | $70.7M | 615,956 | +0.03pp | 6q | +224.9%+$49.0M | |
| SELECT SECTOR SPDR TR PUT | XLU | $68.0M | options only | - | new | OPTIONS | |
| ONEOK INC NEW PUT | OKE | $65.2M | options only | - | new | OPTIONS | |
| MASTEC INC PUT | MTZ | $62.4M | options only | - | new | OPTIONS | |
| PERMIAN RESOURCES CORP | PR | $62.0M | 3,367,361 | -0.79pp | 14q | +11.4%+$6.3M | |
| PUBLIC SVC ENTERPRISE GROUP | PEG | $57.3M | 706,023 | -0.55pp | 3q | +6.0%+$3.3M | |
| DUKE ENERGY CORP NEW | DUK | $56.9M | 449,340 | -0.26pp | 8q | +33.0%+$14.1M | |
| AMERICAN ELEC PWR CO INC | AEP | $56.4M | 412,431 | - | new | NEW | |
| FORGENT POWER SOLUTIONS INC | FPS | $55.9M | 1,000,000 | +0.73pp | 2q | +150.0%+$33.5M | |
| LEGENCE CORP | LGN | $53.5M | 627,256 | - | new | NEW | |
| H2O AMERICA | HTO | $51.8M | 851,846 | -0.62pp | 3q | -4.9%-$2.6M | |
| KINETIK HOLDINGS INC | KNTK | $48.4M | 1,002,184 | - | new | NEW | |
| DTE ENERGY CO | DTE | $45.4M | 297,977 | -0.27pp | 18q | +16.6%+$6.5M | |
| HF SINCLAIR CORP | DINO | $44.6M | 639,708 | +0.86pp | 6q | +9475.0%+$44.1M | |
| NEXTERA ENERGY INC PUT | NEE | $43.9M | options only | - | new | OPTIONS | |
| AMERICAN WTR WKS CO INC NEW | AWK | $43.9M | 333,442 | -2.61pp | 6q | +4.9%+$2.0M | |
| FREEPORT-MCMORAN INC | FCX | $43.5M | 691,546 | - | new | NEW | |
| CSX CORP | CSX | $43.2M | 908,799 | -2.16pp | 3q | -32.8%-$21.1M | |
| FEDEX FGHT HLDG CO INC | $41.9M | 277,234 | - | new | NEW | ||
| ANTERO RESOURCES CORP | AR | $41.6M | 1,184,416 | - | new | NEW | |
| NEBIUS GROUP N.V. | NBIS | $40.5M | 146,543 | - | new | NEW | |
| REGAL REXNORD CORPORATION | RRX | $38.9M | 163,233 | - | new | NEW | |
| CHENIERE ENERGY INC | LNG | $38.3M | 160,123 | - | new | NEW | |
| DT MIDSTREAM INC | DTM | $37.9M | 258,344 | -0.04pp | 2q | +38.1%+$10.5M | |
| HUT 8 CORP | HUT | $37.9M | 328,319 | -0.58pp | 3q | -63.8%-$66.7M | |
| EQT CORP | EQT | $37.7M | 709,535 | -0.17pp | 8q | +53.9%+$13.2M | |
| NORFOLK SOUTHN CORP | NSC | $37.6M | 119,479 | - | new | NEW | |
| STMICROELECTRONICS N V | STM | $37.1M | 495,223 | - | new | NEW | |
| TARGA RES CORP | TRGP | $36.8M | 137,392 | -0.30pp | 3q | +5.0%+$1.8M | |
| PRIMORIS SVCS CORP | PRIM | $36.4M | 366,972 | - | new | NEW | |
| ATI INC | ATI | $35.5M | 180,204 | - | new | NEW | |
| CUMMINS INC | CMI | $34.9M | 48,996 | - | new | NEW | |
| BP PLC | BP | $34.8M | 942,850 | -0.71pp | 7q | -0.6%-$200.1K | |
| BLACK HILLS CORP | BKH | $34.1M | 458,430 | +0.14pp | 3q | +85.9%+$15.8M | |
| PLAINS GP HLDGS L P | PAGP | $32.9M | 1,354,670 | +0.06pp | 2q | +74.1%+$14.0M | |
| AMEREN CORP | AEE | $32.1M | 284,065 | -0.75pp | 9q | -29.5%-$13.4M | |
| DPC HOLDINGS PLC | DPC | $30.0M | 619,542 | - | new | NEW | |
| UNION PAC CORP | UNP | $29.4M | 108,219 | - | new | NEW | |
| CLEVELAND-CLIFFS INC NEW CALL | CLF | $28.6M | 2,345,191 | - | new | NEW | |
| TRANSALTA CORP | TAC | $28.6M | 2,065,064 | -0.17pp | 14q | +15.5%+$3.8M | |
| DEERE & CO | DE | $28.0M | 44,193 | - | new | NEW | |
| CIPHER DIGITAL INC | CIFR | $26.7M | 1,091,463 | - | new | NEW | |
| VALERO ENERGY CORP | VLO | $26.3M | 101,156 | - | new | NEW | |
| SOLV ENERGY INC | MWH | $25.5M | 750,000 | -0.18pp | 2q | +3.4%+$851.2K | |
| VIPER ENERGY INC | VNOM | $23.5M | 555,319 | -0.24pp | 2q | +16.4%+$3.3M | |
| XPLR INFRASTRUCTURE LP | XIFR | $23.0M | 1,944,751 | -0.26pp | 7q | -8.9%-$2.2M | |
| CONOCOPHILLIPS | COP | $22.9M | 220,427 | -0.41pp | 2q | +5.0%+$1.1M | |
| SHELL PLC | SHEL | $22.5M | 290,199 | -0.75pp | 16q | -29.5%-$9.4M | |
| BARRICK MNG CORP | B | $21.8M | 593,232 | -0.17pp | 3q | +26.1%+$4.5M | |
| SPIRE INC | SR | $20.7M | 265,458 | +0.20pp | 2q | +253.1%+$14.9M | |
| TAMBORAN RES CORP | TBN | $20.3M | 623,534 | -0.44pp | 9q | +16.5%+$2.9M | |
| DARLING INGREDIENTS INC | DAR | $19.7M | 359,999 | +0.20pp | 2q | +276.1%+$14.4M | |
| AES CORP | AES | $19.4M | 1,323,277 | -0.67pp | 5q | -44.8%-$15.7M | |
| SOLSTICE ADVANCED MATLS INC | SOLS | $18.6M | 209,487 | - | new | NEW | |
| MGE ENERGY INC | MGEE | $16.3M | 200,000 | - | new | NEW | |
| EQUINOR ASA PUT | EQNR | $15.7M | options only | -0.35pp | 2q | OPTIONS | |
| USA RARE EARTH INC | USAR | $15.1M | 700,000 | -0.03pp | 2q | HELD | |
| RICE ACQUISITION CORP 3 | KRSP | $15.0M | 1,425,829 | -0.16pp | 3q | HELD | |
| KARBON CAP PARTNERS CORP | KBON | $14.8M | 1,470,000 | -0.17pp | 2q | HELD | |
| EXCELERATE ENERGY INC | EE | $14.8M | 390,353 | +0.09pp | 2q | +98.2%+$7.3M | |
| FERVO ENERGY CO | FRVO | $14.6M | 500,000 | - | new | NEW | |
| KODIAK GAS SVCS INC | KGS | $14.3M | 190,000 | - | new | NEW | |
| ROCKWELL AUTOMATION INC | ROK | $14.3M | 28,793 | - | new | NEW | |
| INNIO NV | INIO | $13.8M | 350,000 | - | new | NEW | |
| GOLAR LNG LTD | GLNG | $13.1M | 262,547 | - | new | NEW | |
| FTAI AVIATION LTD | FTAI | $13.1M | 48,251 | - | new | NEW | |
| PURECYCLE TECHNOLOGIES INC | PCT | $12.7M | 1,566,684 | - | new | NEW | |
| VENTURE GLOBAL INC PUT | VG | $11.5M | options only | - | new | OPTIONS | |
| EAGLEROCK LD LLC | $11.4M | 535,716 | - | new | NEW | ||
| ALUSSA ENERGY ACQUISIT CORP | ALUB | $11.0M | 1,100,080 | -0.13pp | 2q | HELD | |
| TALON CAP CORP | TLNCU | $10.5M | 1,000,000 | -0.12pp | 4q | HELD | |
| CENTURY ALUM CO | CENX | $10.3M | 223,861 | -0.18pp | 2q | +6.0%+$582.5K | |
| CAMECO CORP PUT | CCJ | $10.2M | options only | - | new | OPTIONS | |
| SUNSHINE SILVER MNG & REFNG | $9.9M | 750,000 | - | new | NEW | ||
| YESWAY INC | YSWY | $8.9M | 437,375 | - | new | NEW | |
| TARGET HOSPITALITY CORP | TH | $8.9M | 435,097 | - | new | NEW | |
| INFINITY NAT RES INC | INR | $8.3M | 654,255 | -0.14pp | 6q | +20.2%+$1.4M | |
| NORTHWESTERN ENERGY GROUP IN | NWE | $7.9M | 110,131 | -0.06pp | 5q | +5.0%+$373.1K | |
| TECK RESOURCES LTD | TECK | $7.6M | 128,432 | -0.05pp | 3q | +5.0%+$361.2K | |
| NEXTDECADE CORP | NEXT | $7.6M | 1,003,907 | -0.34pp | 14q | HELD | |
| X-ENERGY INC | XE | $7.3M | 400,000 | - | new | NEW | |
| COHERENT CORP | COHR | $7.2M | 18,140 | -0.73pp | 3q | -84.5%-$38.9M | |
| SELECT WATER SOLUTIONS INC | WTTR | $6.6M | 331,852 | - | new | NEW | |
| BITDEER TECHNOLOGIES GROUP | BTDR | $6.4M | 401,909 | - | new | NEW | |
| LUMENTUM HLDGS INC | LITE | $6.0M | 6,935 | -0.37pp | 2q | -68.8%-$13.1M | |
| KIMBELL RTY PARTNERS LP | KRP | $5.3M | 364,866 | -0.13pp | 6q | -29.2%-$2.2M | |
| AURORA INNOVATION INC | AUR | $5.1M | 750,000 | - | new | NEW | |
| PURECYCLE TECHNOLOGIES INC | $5.1M | 5,000 | - | new | DEBT | ||
| HENNESSY CAP INVTS CORP VIII | HCIC | $5.0M | 500,000 | -0.06pp | 2q | HELD | |
| TXNM ENERGY INC | TXNM | $4.8M | 83,808 | -0.23pp | 13q | -52.1%-$5.2M | |
| CRESCENT ENERGY COMPANY | CRGY | $3.9M | 400,211 | - | new | NEW | |
| EROCK INC | EROC | $3.6M | 250,000 | - | new | NEW | |
| QUANTINUUM INC | QNT | $3.3M | 40,000 | - | new | NEW | |
| CANTOR EQUITY PARTNERS IV IN | CEPF | $3.2M | 312,094 | -0.04pp | 4q | HELD | |
| TERAWULF INC | WULF | $3.1M | 125,000 | - | new | NEW | |
| WOLFSPEED INC | WOLF | $3.0M | 61,427 | +0.02pp | 3q | -19.9%-$735.5K | |
| CADELER A S | CDLR | $2.2M | 101,284 | -0.03pp | 9q | +5.4%+$112.9K | |
| SPARK I ACQUISITION CORP | SPKL | $2.0M | 156,250 | - | new | NEW | |
| OPAL FUELS INC | OPAL | $1.8M | 810,183 | -0.03pp | 15q | +3.8%+$64.9K | |
| SABLE OFFSHORE CORP | SOC | $770.0K | 250,000 | - | new | NEW | |
| RICE ACQUISITION CORP 3 | KRSPWS | $235.3K | 237,637 | flat | 3q | HELD | |
| PYROPHYTE ACQUISITION CORP. | PAII | $211.2K | 20,708 | flat | 4q | HELD | |
| KARBON CAP PARTNERS CORP | KBONW | $198.8K | 367,499 | flat | 2q | HELD | |
| ALUSSA ENERGY ACQUISIT CORP | ALUBWS | $146.5K | 366,666 | flat | 2q | HELD | |
| CANTOR EQUITY PARTNERS V INC | CEPV | $105.7K | 10,251 | flat | 3q | HELD | |
| HENNESSY CAP INVTS CORP VIII | HCICR | $80.5K | 500,000 | flat | 2q | HELD | |
| PYROPHYTE ACQUISITION CORP. | PAIIWS | $5.2K | 10,354 | flat | 4q | HELD |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Funds & ETFs | $1.4B | 28.4% |
| Energy | $1.2B | 23.0% |
| Utilities | $785.9M | 15.5% |
| Semiconductors & Electronics | $252.3M | 5.0% |
| Transport & Logistics | $203.0M | 4.0% |
| Construction & Building | $177.8M | 3.5% |
| Mining & Metals | $172.6M | 3.4% |
| Chemicals | $104.6M | 2.1% |
| Industrials | $101.9M | 2.0% |
| Other sectors | $244.8M | 4.8% |
| Not classified | $426.8M | 8.4% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +2.1% | +14.8% | -12.7% | 94% |
| Q1 2026 | +19.9% | -4.6% | +24.5% | 95% |
| Q4 2025 | +1.5% | +2.4% | -0.8% | 93% |
| Q3 2025 | +7.5% | +7.8% | -0.3% | 91% |
| Q2 2025 | +4.1% | +10.5% | -6.3% | 94% |
| Q1 2025 | +1.0% | -4.6% | +5.6% | 88% |
| Q4 2024 | +3.5% | +2.1% | +1.3% | 97% |
| Q3 2024 | +5.9% | +5.4% | +0.4% | 90% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $5.1B | 120 | 54 | 36 | 13 | 28 | 47.0% | 45 |
| Q1 2026 | $3.2B | 94 | 37 | 20 | 29 | 49 | 47.2% | 45 |
| Q4 2025 | $2.8B | 106 | 45 | 26 | 25 | 43 | 32.6% | 48 |
| Q3 2025 | $2.6B | 104 | 46 | 34 | 18 | 48 | 35.1% | 45 |
| Q2 2025 | $2.2B | 106 | 50 | 14 | 29 | 26 | 25.1% | 45 |
| Q1 2025 | $2.0B | 82 | 31 | 21 | 24 | 51 | 33.7% | 45 |
| Q4 2024 | $2.4B | 102 | 44 | 22 | 33 | 29 | 35.0% | 45 |
| Q3 2024 | $1.8B | 87 | 30 | 33 | 19 | 35 | 29.8% | 45 |
| Q2 2024 | $2.0B | 92 | 34 | 19 | 27 | 36 | 38.2% | 45 |
| Q1 2024 | $2.0B | 94 | 41 | 20 | 26 | 41 | 41.7% | 45 |
| Q4 2023 | $1.2B | 94 | 25 | 29 | 25 | 36 | 36.7% | 45 |
| Q3 2023 | $1.1B | 105 | 43 | 28 | 23 | 30 | 33.2% | 45 |
| Q2 2023 | $784.5M | 92 | 28 | 31 | 22 | 40 | 32.8% | 151 |
| Q1 2023 | $829.3M | 104 | 44 | 17 | 29 | 30 | 39.9% | 242 |
| Q4 2022 | $635.2M | 90 | 32 | 31 | 10 | 25 | 33.8% | 332 |
| Q3 2022 | $466.1M | 83 | 32 | 15 | 15 | 21 | 49.2% | 45 |
| Q2 2022 | $284.3M | 72 | 26 | 22 | 5 | 18 | 43.6% | 46 |
| Q1 2022 | $184.5M | 64 | 24 | 8 | 12 | 29 | 39.0% | 46 |
| Q4 2021 | $178.1M | 69 | 32 | 14 | 5 | 24 | 38.3% | 45 |
| Q3 2021 | $169.7M | 61 | 38 | 8 | 9 | 30 | 46.2% | 134 |
| Q2 2021 | $180.9M | 53 | 20 | 11 | 5 | 28 | 52.8% | 47 |
| Q1 2021 | $117.7M | 61 | 37 | 4 | 15 | 22 | 49.5% | 47 |
| Q4 2020 | $185.7M | 46 | 28 | 10 | 7 | 13 | 62.0% | 47 |
| Q3 2020 | $82.3M | 31 | 13 | 1 | 17 | 11 | 67.6% | 44 |
| Q2 2020 | $119.1M | 29 | 9 | 14 | 2 | 7 | 56.2% | 45 |
| Q1 2020 | $62.7M | 27 | 8 | 6 | 8 | 10 | 71.0% | 45 |
| Q4 2019 | $159.4M | 29 | 9 | 7 | 7 | 16 | 58.0% | 45 |
| Q3 2019 | $147.6M | 36 | 18 | 1 | 11 | 22 | 63.1% | 45 |
| Q2 2019 | $346.3M | 40 | 19 | 11 | 8 | 12 | 59.2% | 45 |
| Q1 2019 | $196.4M | 33 | 15 | 5 | 13 | 9 | 64.3% | 45 |
| Q4 2018 | $150.6M | 27 | 0 | 0 | 0 | 0 | 63.1% | 45 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.