Yaupon Capital Management LP
NEW YORK, NY
$3.0bn in 109 US stocks at the end of 30 June 2026. The top 10 are 27.3% of the money. It changed about 44.9% of the portfolio this quarter.
Value
$3.0bn
Stocks
109
Top 10 share
27.3%
Turnover
44.9%
What changed this quarter
New
Bought for the first time this quarter.
- Devon EnergyDVN2.9% of the fund
- First SolarFSLR2.1% of the fund
- American Electric PowerAEP1.9% of the fund
- LegenceLGN1.8% of the fund
- Kinetik HoldingsKNTK1.6% of the fund
- Freeport-McMoRanFCX1.5% of the fund
- FedEx Freight Holding CompanyFDXF1.4% of the fund
- Antero ResourcesAR1.4% of the fund
- Nebius GroupNBIS1.3% of the fund
- Regal RexnordRRX1.3% of the fund
- Cheniere EnergyLNG1.3% of the fund
- Norfolk SouthernNSC1.3% of the fund
- STMicroelectronicsSTM1.2% of the fund
- Primoris ServicesPRIM1.2% of the fund
- ATIATI1.2% of the fund
- CumminsCMI1.2% of the fund
- DPC HoldingsDPC1.0% of the fund
- Union PacificUNP1.0% of the fund
- DeereDE0.9% of the fund
- Cipher DigitalCIFR0.9% of the fund
- Valero EnergyVLO0.9% of the fund
- Cleveland-CliffsCLF0.7% of the fund
- Solstice Advanced MaterialsSOLS0.6% of the fund
- MGE EnergyMGEE0.5% of the fund
- Fervo EnergyFRVO0.5% of the fund
Added
Bought more of a stock they already held.
- National Fuel GasNFG4.0% of the fund+49%
- NisourceNI2.8% of the fund+41%
- OvintivOVV2.7% of the fund+40%
- Williams CompaniesWMB2.7% of the fund+126%
- BKVBKV2.5% of the fund+36%
- VistraVST2.5% of the fund+4%
- Talen EnergyTLN2.5% of the fund+145%
- EntergyETR2.4% of the fund+225%
- Permian ResourcesPR2.1% of the fund+11%
- Public Service Enterprise GroupPEG1.9% of the fund+6%
- Duke EnergyDUK1.9% of the fund+33%
- Forgent Power SolutionsFPS1.9% of the fund+150%
- DTE EnergyDTE1.5% of the fund+17%
- HF SinclairDINO1.5% of the fund+9475%
- American Water Works CompanyAWK1.5% of the fund+5%
- DT MidstreamDTM1.3% of the fund+38%
- EQTEQT1.3% of the fund+54%
- Targa ResourcesTRGP1.2% of the fund+5%
- Black HillsBKH1.1% of the fund+86%
- Plains GP Holdings LPPAGP1.1% of the fund+74%
- TransaltaTAC1.0% of the fund+15%
- SOLV EnergyMWH0.9% of the fund+3%
- Viper EnergyVNOM0.8% of the fund+16%
- ConocoPhillipsCOP0.8% of the fund+5%
- Barrick MiningB0.7% of the fund+26%
Cut
Sold some of their stake.
- H2O AmericaHTO1.7% of the fund-5%
- CSXCSX1.4% of the fund-33%
- Hut 8HUT1.3% of the fund-64%
- AmerenAEE1.1% of the fund-29%
- Xplr Infrastructure LPXIFR0.8% of the fund-9%
- ShellSHEL0.8% of the fund-30%
- AESAES0.6% of the fund-45%
- CoherentCOHR0.2% of the fund-84%
- Lumentum HoldingsLITE0.2% of the fund-69%
- Kimbell RTY Partners LPKRP0.2% of the fund-29%
- Txnm EnergyTXNM0.2% of the fund-52%
- WolfspeedWOLF<0.1% of the fund-20%
Sold out
Sold their entire stake.
- Coterra EnergyCTRA-100%
- TC EnergyTRP-100%
- CMS EnergyCMS-100%
- Pinnacle West CapitalPNW-100%
- Centerpoint EnergyCNP-100%
- Matador ResourcesMTDR-100%
- TechnipFMCFTI-100%
- LyondellBasell IndustriesLYB-100%
- KirbyKEX-100%
- IdacorpIDA-100%
- OGE EnergyOGE-100%
- Hudbay MineralsHBM-100%
- WestlakeWLK-100%
- StandardAeroSARO-100%
- Core Natural ResourcesCNR-100%
- MDU Resources GroupMDU-100%
- NextpowerNXT-100%
- Clearway EnergyCWEN-100%
- Flowco HoldingsFLOC-100%
- Portland General ElectricPOR-100%
- Core ScientificCORZ-100%
- ChemoursCC-100%
- Solaredge TechnologiesSEDG-100%
- ASP IsotopesASPI-100%
Holdings
- Cenovus EnergyCVE
- Share
- 2.4%
- Value
- $72m
- Shares
- 2,891,599
Held
- DPC HoldingsDPC
- Share
- 1.0%
- Value
- $30m
- Shares
- 619,542
New
- TransaltaTAC
- Share
- 1.0%
- Value
- $29m
- Shares
- 2,065,064
+15%
- Xplr Infrastructure LPXIFR
- Share
- 0.8%
- Value
- $23m
- Shares
- 1,944,751
-9%
- ShellSHEL
- Share
- 0.8%
- Value
- $23m
- Shares
- 290,199
-30%
- Barrick MiningB
- Share
- 0.7%
- Value
- $22m
- Shares
- 593,232
+26%
- Rice Acquisition Corp 3KRSP
- Share
- 0.5%
- Value
- $15m
- Shares
- 1,425,829
Held
- Karbon Capital PartnersKBON
- Share
- 0.5%
- Value
- $15m
- Shares
- 1,470,000
Held
- Fervo EnergyFRVO
- Share
- 0.5%
- Value
- $15m
- Shares
- 500,000
New
- InnioINIO
- Share
- 0.5%
- Value
- $14m
- Shares
- 350,000
New
- EagleRock LandEROK
- Share
- 0.4%
- Value
- $11m
- Shares
- 535,716
New
- Alussa Energy Acquisition Corp. IIALUB
- Share
- 0.4%
- Value
- $11m
- Shares
- 1,100,080
Held
- Talon CAPTLNCU
- Share
- 0.3%
- Value
- $10m
- Shares
- 1,000,000
Held
- Sunshine Silver Mining & RefiningSSMR
- Share
- 0.3%
- Value
- $10m
- Shares
- 750,000
New
- YeswayYSWY
- Share
- 0.3%
- Value
- $9m
- Shares
- 437,375
New
- Teck ResourcesTECK
- Share
- 0.3%
- Value
- $8m
- Shares
- 128,432
+5%
- X-EnergyXE
- Share
- 0.2%
- Value
- $7m
- Shares
- 400,000
New
- Kimbell RTY Partners LPKRP
- Share
- 0.2%
- Value
- $5m
- Shares
- 364,866
-29%
- Hennessy Capital Investment Corp. VIIIHCIC
- Share
- 0.2%
- Value
- $5m
- Shares
- 500,000
Held
- ERockEROC
- Share
- 0.1%
- Value
- $4m
- Shares
- 250,000
New
- QuantinuumQNT
- Share
- 0.1%
- Value
- $3m
- Shares
- 40,000
New
- Cantor Equity Partners IVCEPF
- Share
- 0.1%
- Value
- $3m
- Shares
- 312,094
Held
- Cadeler A SCDLR
- Share
- <0.1%
- Value
- $2m
- Shares
- 101,284
+5%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| National Fuel GasNFG | 4.0% | $120m | 1,559,618 | +49% |
| Devon EnergyDVN | 2.9% | $87m | 2,102,988 | New |
| NisourceNI | 2.8% | $83m | 1,749,831 | +41% |
| OvintivOVV | 2.7% | $81m | 1,540,608 | +40% |
| Williams CompaniesWMB | 2.7% | $81m | 1,088,549 | +126% |
| BKVBKV | 2.5% | $76m | 2,768,719 | +36% |
| VistraVST | 2.5% | $75m | 470,483 | +4% |
| Talen EnergyTLN | 2.5% | $74m | 193,647 | +145% |
| Cenovus EnergyCVE | 2.4% | $72m | 2,891,599 | Held |
| EntergyETR | 2.4% | $71m | 615,956 | +225% |
| First SolarFSLR | 2.1% | $64m | 272,379 | New |
| Permian ResourcesPR | 2.1% | $62m | 3,367,361 | +11% |
| Public Service Enterprise GroupPEG | 1.9% | $57m | 706,023 | +6% |
| Duke EnergyDUK | 1.9% | $57m | 449,340 | +33% |
| American Electric PowerAEP | 1.9% | $56m | 412,431 | New |
| Forgent Power SolutionsFPS | 1.9% | $56m | 1,000,000 | +150% |
| LegenceLGN | 1.8% | $53m | 627,256 | New |
| H2O AmericaHTO | 1.7% | $52m | 851,846 | -5% |
| Kinetik HoldingsKNTK | 1.6% | $48m | 1,002,184 | New |
| DTE EnergyDTE | 1.5% | $45m | 297,977 | +17% |
| HF SinclairDINO | 1.5% | $45m | 639,708 | +9475% |
| American Water Works CompanyAWK | 1.5% | $44m | 333,442 | +5% |
| Freeport-McMoRanFCX | 1.5% | $43m | 691,546 | New |
| CSXCSX | 1.4% | $43m | 908,799 | -33% |
| FedEx Freight Holding CompanyFDXF | 1.4% | $42m | 277,234 | New |
| Antero ResourcesAR | 1.4% | $42m | 1,184,416 | New |
| Nebius GroupNBIS | 1.3% | $40m | 146,543 | New |
| Regal RexnordRRX | 1.3% | $39m | 163,233 | New |
| Cheniere EnergyLNG | 1.3% | $38m | 160,123 | New |
| DT MidstreamDTM | 1.3% | $38m | 258,344 | +38% |
| Hut 8HUT | 1.3% | $38m | 328,319 | -64% |
| EQTEQT | 1.3% | $38m | 709,535 | +54% |
| Norfolk SouthernNSC | 1.3% | $38m | 119,479 | New |
| STMicroelectronicsSTM | 1.2% | $37m | 495,223 | New |
| Targa ResourcesTRGP | 1.2% | $37m | 137,392 | +5% |
| Primoris ServicesPRIM | 1.2% | $36m | 366,972 | New |
| ATIATI | 1.2% | $36m | 180,204 | New |
| CumminsCMI | 1.2% | $35m | 48,996 | New |
| BPBP | 1.2% | $35m | 942,850 | Held |
| Black HillsBKH | 1.1% | $34m | 458,430 | +86% |
| Plains GP Holdings LPPAGP | 1.1% | $33m | 1,354,670 | +74% |
| AmerenAEE | 1.1% | $32m | 284,065 | -29% |
| DPC HoldingsDPC | 1.0% | $30m | 619,542 | New |
| Union PacificUNP | 1.0% | $29m | 108,219 | New |
| TransaltaTAC | 1.0% | $29m | 2,065,064 | +15% |
| DeereDE | 0.9% | $28m | 44,193 | New |
| Cipher DigitalCIFR | 0.9% | $27m | 1,091,463 | New |
| Valero EnergyVLO | 0.9% | $26m | 101,156 | New |
| SOLV EnergyMWH | 0.9% | $26m | 750,000 | +3% |
| Viper EnergyVNOM | 0.8% | $24m | 555,319 | +16% |
| Xplr Infrastructure LPXIFR | 0.8% | $23m | 1,944,751 | -9% |
| ConocoPhillipsCOP | 0.8% | $23m | 220,427 | +5% |
| ShellSHEL | 0.8% | $23m | 290,199 | -30% |
| Cleveland-CliffsCLF | 0.7% | $22m | 2,345,191 | New |
| Barrick MiningB | 0.7% | $22m | 593,232 | +26% |
| SpireSR | 0.7% | $21m | 265,458 | +253% |
| Tamboran ResourcesTBN | 0.7% | $20m | 623,534 | +17% |
| Darling IngredientsDAR | 0.7% | $20m | 359,999 | +276% |
| AESAES | 0.6% | $19m | 1,323,277 | -45% |
| Solstice Advanced MaterialsSOLS | 0.6% | $19m | 209,487 | New |
| MGE EnergyMGEE | 0.5% | $16m | 200,000 | New |
| USA Rare EarthUSAR | 0.5% | $15m | 700,000 | Held |
| Rice Acquisition Corp 3KRSP | 0.5% | $15m | 1,425,829 | Held |
| Karbon Capital PartnersKBON | 0.5% | $15m | 1,470,000 | Held |
| Excelerate EnergyEE | 0.5% | $15m | 390,353 | +98% |
| Fervo EnergyFRVO | 0.5% | $15m | 500,000 | New |
| Kodiak Gas ServicesKGS | 0.5% | $14m | 190,000 | New |
| Rockwell AutomationROK | 0.5% | $14m | 28,793 | New |
| InnioINIO | 0.5% | $14m | 350,000 | New |
| Golar LNGGLNG | 0.4% | $13m | 262,547 | New |
| FTAI AviationFTAI | 0.4% | $13m | 48,251 | New |
| PureCycle TechnologiesPCT | 0.4% | $13m | 1,566,684 | New |
| EagleRock LandEROK | 0.4% | $11m | 535,716 | New |
| Alussa Energy Acquisition Corp. IIALUB | 0.4% | $11m | 1,100,080 | Held |
| Talon CAPTLNCU | 0.3% | $10m | 1,000,000 | Held |
| Century AluminumCENX | 0.3% | $10m | 223,861 | +6% |
| Sunshine Silver Mining & RefiningSSMR | 0.3% | $10m | 750,000 | New |
| YeswayYSWY | 0.3% | $9m | 437,375 | New |
| Target HospitalityTH | 0.3% | $9m | 435,097 | New |
| Infinity Natural ResourcesINR | 0.3% | $8m | 654,255 | +20% |
| NorthWestern Energy GroupNWE | 0.3% | $8m | 110,131 | +5% |
| Teck ResourcesTECK | 0.3% | $8m | 128,432 | +5% |
| NextDecadeNEXT | 0.3% | $8m | 1,003,907 | New |
| X-EnergyXE | 0.2% | $7m | 400,000 | New |
| CoherentCOHR | 0.2% | $7m | 18,140 | -84% |
| Select Water SolutionsWTTR | 0.2% | $7m | 331,852 | New |
| Bitdeer Technologies GroupBTDR | 0.2% | $6m | 401,909 | New |
| Lumentum HoldingsLITE | 0.2% | $6m | 6,935 | -69% |
| Kimbell RTY Partners LPKRP | 0.2% | $5m | 364,866 | -29% |
| Aurora InnovationAUR | 0.2% | $5m | 750,000 | New |
| Hennessy Capital Investment Corp. VIIIHCIC | 0.2% | $5m | 500,000 | Held |
| Txnm EnergyTXNM | 0.2% | $5m | 83,808 | -52% |
| Crescent EnergyCRGY | 0.1% | $4m | 400,211 | New |
| ERockEROC | 0.1% | $4m | 250,000 | New |
| QuantinuumQNT | 0.1% | $3m | 40,000 | New |
| Cantor Equity Partners IVCEPF | 0.1% | $3m | 312,094 | Held |
| TerawulfWULF | 0.1% | $3m | 125,000 | New |
| WolfspeedWOLF | <0.1% | $3m | 61,427 | -20% |
| Cadeler A SCDLR | <0.1% | $2m | 101,284 | +5% |
| Spark I AcquisitionSPKL | <0.1% | $2m | 156,250 | New |
Showing the largest 100 of 109.
Options (14)
- State STR Spdr S&P 500 ETF TSPY
- Type
- Put
- Value
- $1.4bn
- Contracts
- 1,930,000
- Ishares TRTLT
- Type
- Call
- Value
- $152m
- Contracts
- 1,760,000
- First SolarFSLR
- Type
- Call
- Value
- $86m
- Contracts
- 365,000
- Air Products & ChemicalsAPD
- Type
- Put
- Value
- $73m
- Contracts
- 250,000
- Select Sector Spdr TRXLU
- Type
- Put
- Value
- $68m
- Contracts
- 1,500,000
- OneokOKE
- Type
- Put
- Value
- $65m
- Contracts
- 750,000
- MastecMTZ
- Type
- Put
- Value
- $62m
- Contracts
- 150,000
- NextEra EnergyNEE
- Type
- Put
- Value
- $44m
- Contracts
- 500,000
- National Fuel GasNFG
- Type
- Call
- Value
- $23m
- Contracts
- 300,000
- VistraVST
- Type
- Put
- Value
- $16m
- Contracts
- 100,000
- Equinor ASAEQNR
- Type
- Put
- Value
- $16m
- Contracts
- 500,000
- Venture GlobalVG
- Type
- Put
- Value
- $11m
- Contracts
- 1,031,000
- CamecoCCJ
- Type
- Put
- Value
- $10m
- Contracts
- 100,000
- Cleveland-CliffsCLF
- Type
- Call
- Value
- $7m
- Contracts
- 700,000
| Company | Type | Value | Contracts |
|---|---|---|---|
| State STR Spdr S&P 500 ETF TSPY | Put | $1.4bn | 1,930,000 |
| Ishares TRTLT | Call | $152m | 1,760,000 |
| First SolarFSLR | Call | $86m | 365,000 |
| Air Products & ChemicalsAPD | Put | $73m | 250,000 |
| Select Sector Spdr TRXLU | Put | $68m | 1,500,000 |
| OneokOKE | Put | $65m | 750,000 |
| MastecMTZ | Put | $62m | 150,000 |
| NextEra EnergyNEE | Put | $44m | 500,000 |
| National Fuel GasNFG | Call | $23m | 300,000 |
| VistraVST | Put | $16m | 100,000 |
| Equinor ASAEQNR | Put | $16m | 500,000 |
| Venture GlobalVG | Put | $11m | 1,031,000 |
| CamecoCCJ | Put | $10m | 100,000 |
| Cleveland-CliffsCLF | Call | $7m | 700,000 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 100.0% since 30 June 2025.
Where the money is
Utilities33.4%
Energy29.2%
Industrials14.7%
Technology8.5%
Materials6.4%
Financial services4.5%
Everyday goods1.0%
Retail & consumer0.3%
Other2.1%
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.