Lonestar Capital Management
San Francisco, CAfiles as LONESTAR CAPITAL MANAGEMENT LLC
$155m in 26 US stocks at the end of 30 June 2026. The top 10 are 64.8% of the money. It changed about 27.5% of the portfolio this quarter.
Value
$155m
Stocks
26
Top 10 share
64.8%
Turnover
27.5%
What changed this quarter
New
Bought for the first time this quarter.
- CovistaCVSA4.4% of the fund
- Kyivstar GroupKYIV2.5% of the fund
- Galaxy DigitalGLXY1.2% of the fund
- ADTADT1.0% of the fund
- Service Properties TrustSVC1.0% of the fund
Added
Bought more of a stock they already held.
- Global Ship LeaseGSL7.0% of the fund+81%
- Target HospitalityTH5.7% of the fund+15%
- Lumen TechnologiesLUMN2.5% of the fund+18%
Cut
Sold some of their stake.
- Garrett MotionGTX12.8% of the fund-31%
- Diversified Healthcare TrustDHC6.3% of the fund-34%
- Brookdale Senior LivingBKD5.6% of the fund-18%
- VistraVST4.1% of the fund-20%
- Talen EnergyTLN4.0% of the fund-47%
- DauchDCH3.3% of the fund-37%
- CelaneseCE3.3% of the fund-45%
- Expand EnergyEXE3.2% of the fund-35%
- Lincoln Educational ServicesLINC2.7% of the fund-44%
- DOWDOW2.6% of the fund-17%
- NRG EnergyNRG2.5% of the fund-55%
- EQTEQT2.1% of the fund-33%
- TransoceanRIG1.5% of the fund-47%
- SeadrillSDRL1.3% of the fund-45%
Sold out
Sold their entire stake.
- Vaneck ETF TrustGDXJ-100%
- Pg&ePCG-100%
- PoolPOOL-100%
- Braskem SABAK-100%
- Super Micro ComputerSMCI-100%
Holdings
- Energy Transfer L PET
- Share
- 11.1%
- Value
- $17m
- Shares
- 900,000
Held
- Vaneck ETF TrustGDX
- Share
- 3.9%
- Value
- $6m
- Shares
- 80,000
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Garrett MotionGTX | 12.8% | $20m | 550,000 | -31% |
| Energy Transfer L PET | 11.1% | $17m | 900,000 | Held |
| Global Ship LeaseGSL | 7.0% | $11m | 290,000 | +81% |
| Diversified Healthcare TrustDHC | 6.3% | $10m | 1,050,000 | -34% |
| Target HospitalityTH | 5.7% | $9m | 433,100 | +15% |
| Brookdale Senior LivingBKD | 5.6% | $9m | 540,000 | -18% |
| CovistaCVSA | 4.4% | $7m | 55,000 | New |
| VistraVST | 4.1% | $6m | 40,000 | -20% |
| Talen EnergyTLN | 4.0% | $6m | 16,000 | -47% |
| Vaneck ETF TrustGDX | 3.9% | $6m | 80,000 | Held |
| DauchDCH | 3.3% | $5m | 950,000 | -37% |
| CelaneseCE | 3.3% | $5m | 110,000 | -45% |
| Expand EnergyEXE | 3.2% | $5m | 55,000 | -35% |
| Lincoln Educational ServicesLINC | 2.7% | $4m | 83,911 | -44% |
| DOWDOW | 2.6% | $4m | 150,000 | -17% |
| NRG EnergyNRG | 2.5% | $4m | 27,000 | -55% |
| Kyivstar GroupKYIV | 2.5% | $4m | 240,000 | New |
| Lumen TechnologiesLUMN | 2.5% | $4m | 500,000 | +18% |
| Universal Technical InstituteUTI | 2.3% | $4m | 85,000 | Held |
| EQTEQT | 2.1% | $3m | 60,000 | -33% |
| LyondellBasell IndustriesLYB | 2.0% | $3m | 60,000 | Held |
| TransoceanRIG | 1.5% | $2m | 475,000 | -47% |
| SeadrillSDRL | 1.3% | $2m | 55,000 | -45% |
| Galaxy DigitalGLXY | 1.2% | $2m | 70,000 | New |
| ADTADT | 1.0% | $2m | 250,000 | New |
| Service Properties TrustSVC | 1.0% | $2m | 900,000 | New |
Options (3)
- State STR Spdr S&P 500 ETF TSPY
- Type
- Put
- Value
- $112m
- Contracts
- 1,500
- Invesco QQQ TRQQQ
- Type
- Put
- Value
- $74m
- Contracts
- 1,000
- TransoceanRIG
- Type
- Call
- Value
- $4m
- Contracts
- 9,000
| Company | Type | Value | Contracts |
|---|---|---|---|
| State STR Spdr S&P 500 ETF TSPY | Put | $112m | 1,500 |
| Invesco QQQ TRQQQ | Put | $74m | 1,000 |
| TransoceanRIG | Call | $4m | 9,000 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 34.9% since 30 June 2025.
Where the money is
Retail & consumer31.3%
Utilities10.6%
Energy8.1%
Materials7.9%
Real estate7.3%
Industrials7.0%
Health care5.6%
Media & telecom5.0%
Financial services1.2%
Technology1.0%
Other15.0%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.