Yaupon Capital Management LP
Sector Allocation
- Energy38.8%$1.2B
- Utilities26.5%$797.1M
- Industrials12.8%$382.9M
- Technology8.0%$239.6M
- Materials7.1%$213.6M
- Financials3.9%$116.7M
- Other1.0%$31.3M
- Consumer Staples0.9%$28.5M
- Healthcare0.6%$18.6M
- Consumer Discretionary0.3%$8.9M
AUM History
13fpro.ai/research/fund/yaupon-capital-management-lp-1755028
Conviction and streaks
Diversifying · top 10 = 27.3%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
NFG
$120.4MDVN
$86.9MNI
$83.2MOVV
$81.1MWMB
$80.9MBKV
$75.8MVST
$74.6MTLN
$74.4MCVE
$71.7METR
$70.7MFSLR
$64.3MPR
$62.0MPEG
$57.3MDUK
$56.9MAEP
$56.4MFPS
$55.9MLGN
$53.5MHTO
$51.8MKNTK
$48.4MDTB
$45.4M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/yaupon-capital-management-lp-1755028
Yaupon Capital Management LP 13F holdings — Q2 2026
$5.1B portfolio (+58.5% QoQ) · 124 holdings · Q2 2026 13F · top 10 are 27% of the stock portfolio
Includes $2.1B of put/call options ($1.8B puts, $268.0M calls), which 13F rules report at the value of the underlying shares, not the premium at risk. Stocks alone: $3.0B. Weights use the stock portfolio.
$120.4M
4.0% of stocks
+49%This quarter-0.3%Since filed10+ qtrsHeld$86.9M
2.9% of stocks
NewThis quarter+12.6%Since filedNew this quarterHeld$83.2M
2.8% of stocks
+41%This quarter+2.2%Since filed3 qtrsHeld$81.1M
2.7% of stocks
+40%This quarter+15.1%Since filed10+ qtrsHeld$80.9M
2.7% of stocks
+126%This quarter-4.6%Since filed4 qtrsHeld$75.8M
2.5% of stocks
+36%This quarter-22.1%Since filed8 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 4 qtrs in a row$74.6M
2.5% of stocks
+4%This quarter-4.3%Since filed2 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row$74.4M
2.5% of stocks
+145%This quarter-6.9%Since filed2 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row$71.7M
2.4% of stocks
+1%This quarter+7.0%Since filed6 qtrsHeld$70.7M
2.4% of stocks
+225%This quarter-0.3%Since filed6 qtrsHeld
All holdings — Yaupon Capital Management LP (Q2 2026)
124 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | SPDR S&P 500 ETF TRUST | — | $1.4B | — | 1.93M | +138% | — | — | 13F | |
| 12 | — CALL | ISHARES TR - 20 YR TR BD ETF | — | $152.1M | — | 1.76M | New | — | — | 13F |
| 13 | FIRST SOLAR, INC. | Technology | $86.1M | — | 365K | New | — | — | 13F | |
| 14 | Air Products & Chemicals, Inc. | Materials | $73.3M | — | 250K | New | — | — | 13F | |
| 15 | — PUT | SELECT SECTOR SPDR TR - ST STR UTIL ETF | — | $68.0M | — | 1.50M | New | — | — | 13F |
| 16 | ONEOK INC /NEW/ | Energy | $65.2M | — | 750K | New | — | — | 13F | |
| 17 | FIRST SOLAR, INC. | Technology | $64.3M | 2.1% | 272K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | MASTEC INC | Energy | $62.4M | — | 150K | New | — | — | 13F | |
| 19 | Permian Resources Corp | Energy | $62.0M | 2.1% | 3.37M | +11% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | PUBLIC SERVICE ENTERPRISE GROUP INC | Utilities | $57.3M | 1.9% | 706K | +6% | 3 qtrsAdded 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | Duke Energy CORP | Utilities | $56.9M | 1.9% | 449K | +33% | 8 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | AMERICAN ELECTRIC POWER CO INC | Utilities | $56.4M | 1.9% | 412K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | Forgent Power Solutions, Inc. | Technology | $55.9M | 1.9% | 1.00M | +150% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | Legence Corp. | Industrials | $53.5M | 1.8% | 627K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | H2O AMERICA | Utilities | $51.8M | 1.7% | 852K | -5% | 3 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $KNTK | Kinetik Holdings Inc. | Energy | $48.4M | 1.6% | 1.00M | New | |||
| 27 | $DTB | DTE ENERGY CO | Utilities | $45.4M | 1.5% | 298K | +17% | |||
| 28 | $DINO | HF Sinclair Corp | Energy | $44.6M | 1.5% | 640K | +9475% | |||
| 29 | $NEE PUT | NEXTERA ENERGY INC | Utilities | $43.9M | — | 500K | New | |||
| 30 | $AWK | American Water Works Company, Inc. | Utilities | $43.9M | 1.5% | 333K | +5% | |||
| 31 | $FCX | FREEPORT-MCMORAN INC | Materials | $43.5M | 1.4% | 692K | New | |||
| 32 | $CSX | CSX CORP | Industrials | $43.2M | 1.4% | 909K | -33% | |||
| 33 | $FDXF | FedEx Freight Holding Company, Inc. | Industrials | $41.9M | 1.4% | 277K | New | |||
| 34 | $AR | ANTERO RESOURCES Corp | Energy | $41.6M | 1.4% | 1.18M | New | |||
| 35 | $NBIS | Nebius Group N.V. | Technology | $40.5M | 1.4% | 147K | New | |||
| 36 | $RRX | REGAL REXNORD CORP | Industrials | $38.9M | 1.3% | 163K | New | |||
| 37 | $LNG | Cheniere Energy, Inc. | Energy | $38.3M | 1.3% | 160K | New | |||
| 38 | $DTM | DT Midstream, Inc. | Energy | $37.9M | 1.3% | 258K | +38% | |||
| 39 | $HUT | Hut 8 Corp. | Financials | $37.9M | 1.3% | 328K | -64% | |||
| 40 | $EQT | EQT Corp | Energy | $37.7M | 1.3% | 710K | +54% | |||
| 41 | $NSC | NORFOLK SOUTHERN CORP | Industrials | $37.6M | 1.3% | 119K | New | |||
| 42 | $STM | STMicroelectronics N.V. | Technology | $37.1M | 1.2% | 495K | New | |||
| 43 | $TRGP | Targa Resources Corp. | Energy | $36.8M | 1.2% | 137K | +5% | |||
| 44 | $PRIM | Primoris Services Corp | Energy | $36.4M | 1.2% | 367K | New | |||
| 45 | $ATI | ATI INC | Materials | $35.5M | 1.2% | 180K | New | |||
| 46 | $CMI | CUMMINS INC | Industrials | $34.9M | 1.2% | 49K | New | |||
| 47 | $BP | BP PLC | Energy | $34.8M | 1.2% | 943K | -0.6% | |||
| 48 | $BKH | BLACK HILLS CORP /SD/ | Utilities | $34.1M | 1.1% | 458K | +86% | |||
| 49 | $PAGP | PLAINS GP HOLDINGS LP | Energy | $32.9M | 1.1% | 1.35M | +74% | |||
| 50 | $AEE | AMEREN CORP | Utilities | $32.1M | 1.1% | 284K | -29% | |||
| 51 | $DPC | DPC Holdings PLC | Materials | $30.0M | 1.0% | 620K | New | |||
| 52 | $UNP | UNION PACIFIC CORP | Industrials | $29.4M | 1.0% | 108K | New | |||
| 53 | $TAC | TRANSALTA CORP | Utilities | $28.6M | 0.9% | 2.07M | +15% | |||
| 54 | $DE | DEERE & CO | Industrials | $28.0M | 0.9% | 44K | New | |||
| 55 | $CIFR | Cipher Digital Inc. | Financials | $26.7M | 0.9% | 1.09M | New | |||
| 56 | $VLO | VALERO ENERGY CORP/TX | Energy | $26.3M | 0.9% | 101K | New | |||
| 57 | $MWH | SOLV Energy, Inc. | Industrials | $25.5M | 0.8% | 750K | +3% | |||
| 58 | $VNOM | Viper Energy, Inc. | Energy | $23.5M | 0.8% | 555K | +16% | |||
| 59 | $NFG CALL | NATIONAL FUEL GAS CO | Energy | $23.2M | — | 300K | New | |||
| 60 | $XIFR | XPLR Infrastructure, LP | Utilities | $23.0M | 0.8% | 1.94M | -9% | |||
| 61 | $COP | CONOCOPHILLIPS | Energy | $22.9M | 0.8% | 220K | +5% | |||
| 62 | $SHEL | Shell plc | Energy | $22.5M | 0.8% | 290K | -30% | |||
| 63 | $CLF | CLEVELAND-CLIFFS INC. | Materials | $22.0M | 0.7% | 2.35M | New | |||
| 64 | $B | BARRICK MINING CORP | Materials | $21.8M | 0.7% | 593K | +26% | |||
| 65 | $SR | SPIRE INC | Energy | $20.7M | 0.7% | 265K | +253% | |||
| 66 | $TBN | Tamboran Resources Corp | Energy | $20.3M | 0.7% | 624K | +17% | |||
| 67 | $DAR | DARLING INGREDIENTS INC. | Consumer Staples | $19.7M | 0.7% | 360K | +276% | |||
| 68 | $AES | AES CORP | Utilities | $19.4M | 0.7% | 1.32M | -45% | |||
| 69 | $SOLS | Solstice Advanced Materials Inc. | Healthcare | $18.6M | 0.6% | 209K | New | |||
| 70 | $MGEE | MGE ENERGY INC | Utilities | $16.3M | 0.5% | 200K | New | |||
| 71 | $VST PUT | Vistra Corp. | Utilities | $15.9M | — | 100K | New | |||
| 72 | $EQNR PUT | EQUINOR ASA | Energy | $15.7M | — | 500K | — | |||
| 73 | $USAR | USA Rare Earth, Inc. | Materials | $15.1M | 0.5% | 700K | — | |||
| 74 | $KRSP | Rice Acquisition Corp 3 | Financials | $15.0M | 0.5% | 1.43M | — | |||
| 75 | — | KARBON CAP PARTNERS CORP - ORD SHS CL A | — | $14.8M | 0.5% | 1.47M | — | |||
| 76 | $EE | Excelerate Energy, Inc. | Energy | $14.8M | 0.5% | 390K | +98% | |||
| 77 | $FRVO | Fervo Energy Co | Utilities | $14.6M | 0.5% | 500K | New | |||
| 78 | $KGS | Kodiak Gas Services, Inc. | Energy | $14.3M | 0.5% | 190K | New | |||
| 79 | $ROK | ROCKWELL AUTOMATION, INC | Industrials | $14.3M | 0.5% | 29K | New | |||
| 80 | $INIO | INNIO N.V. | Technology | $13.8M | 0.5% | 350K | New | |||
| 81 | $GLNG | GOLAR LNG LTD | Industrials | $13.1M | 0.4% | 263K | New | |||
| 82 | $FTAI | FTAI Aviation Ltd. | Industrials | $13.1M | 0.4% | 48K | New | |||
| 83 | $PCT | PureCycle Technologies, Inc. | Materials | $12.7M | 0.4% | 1.57M | New | |||
| 84 | $VG PUT | Venture Global, Inc. | Energy | $11.5M | — | 1.03M | New | |||
| 85 | $EROK | EagleRock Land, LLC | Financials | $11.4M | 0.4% | 536K | New | |||
| 86 | — | ALUSSA ENERGY ACQUISIT CORP - ORD SHS CL A | — | $11.0M | 0.4% | 1.10M | — | |||
| 87 | $TLNC | Talon Capital Corp. | Financials | $10.5M | 0.3% | 1.00M | — | |||
| 88 | $CENX | CENTURY ALUMINUM CO | Materials | $10.3M | 0.3% | 224K | +6% | |||
| 89 | $CCJ PUT | CAMECO CORP | Materials | $10.2M | — | 100K | New | |||
| 90 | $SSMR | Sunshine Silver Mining & Refining Co | Materials | $9.9M | 0.3% | 750K | New | |||
| 91 | $YSWY | Yesway, Inc. | Consumer Staples | $8.9M | 0.3% | 437K | New | |||
| 92 | $TH | Target Hospitality Corp. | Consumer Discretionary | $8.9M | 0.3% | 435K | New | |||
| 93 | $INR | INFINITY NATURAL RESOURCES, INC. | Energy | $8.3M | 0.3% | 654K | +20% | |||
| 94 | $NWE | NorthWestern Energy Group, Inc. | Utilities | $7.9M | 0.3% | 110K | +5% | |||
| 95 | $TECK | TECK RESOURCES LTD | Materials | $7.6M | 0.3% | 128K | +5% | |||
| 96 | $NEXT | NextDecade Corp | Energy | $7.6M | 0.3% | 1.00M | New | |||
| 97 | $XE | X-Energy, Inc. | Industrials | $7.3M | 0.2% | 400K | New | |||
| 98 | $COHR | COHERENT CORP. | Technology | $7.2M | 0.2% | 18K | -84% | |||
| 99 | $WTTR | Select Water Solutions, Inc. | Energy | $6.6M | 0.2% | 332K | New | |||
| 100 | $CLF CALL | CLEVELAND-CLIFFS INC. | Materials | $6.6M | — | 700K | New | |||
| 101 | $BTDR | Bitdeer Technologies Group | Financials | $6.4M | 0.2% | 402K | New | |||
| 102 | $LITE | Lumentum Holdings Inc. | Technology | $6.0M | 0.2% | 6,935 | -69% | |||
| 103 | $KRP | Kimbell Royalty Partners, LP | Energy | $5.3M | 0.2% | 365K | -29% | |||
| 104 | $AUR | Aurora Innovation, Inc. | Technology | $5.1M | 0.2% | 750K | New | |||
| 105 | $PCT | PureCycle Technologies, Inc. | Materials | $5.1M | 0.2% | 5,000 | New | |||
| 106 | — | HENNESSY CAP INVTS CORP VIII - ORD CL A | — | $5.0M | 0.2% | 500K | — | |||
| 107 | $TXNM | TXNM ENERGY INC | Utilities | $4.8M | 0.2% | 84K | -52% | |||
| 108 | $CRGY | Crescent Energy Co | Energy | $3.9M | 0.1% | 400K | New | |||
| 109 | $EROC | ERock, Inc. | Technology | $3.6M | 0.1% | 250K | New | |||
| 110 | $QNT | Quantinuum Inc. | Technology | $3.3M | 0.1% | 40K | New | |||
| 111 | $CEPF | Cantor Equity Partners IV, Inc. | Financials | $3.2M | 0.1% | 312K | — | |||
| 112 | $WULF | TERAWULF INC. | Financials | $3.1M | 0.1% | 125K | New | |||
| 113 | $WOLF | WOLFSPEED, INC. | Technology | $3.0M | 0.1% | 61K | -20% | |||
| 114 | $CDLR | Cadeler A/S | Industrials | $2.2M | 0.1% | 101K | +5% | |||
| 115 | $SPKL | Spark I Acquisition Corp | Financials | $2.0M | 0.1% | 156K | New | |||
| 116 | $OPAL | OPAL Fuels Inc. | Utilities | $1.8M | 0.1% | 810K | +4% | |||
| 117 | $SOC | Sable Offshore Corp. | Energy | $770K | 0.0% | 250K | New | |||
| 118 | $KRSP | Rice Acquisition Corp 3 | Financials | $235K | 0.0% | 238K | — | |||
| 119 | $PAII | Pyrophyte Acquisition Corp. II | Financials | $211K | 0.0% | 21K | — | |||
| 120 | — | KARBON CAP PARTNERS CORP - *W EXP 12/11/203 | — | $199K | 0.0% | 367K | — | |||
| 121 | — | ALUSSA ENERGY ACQUISIT CORP - *W EXP 99/99/999 | — | $146K | 0.0% | 367K | — | |||
| 122 | $CEPV | Cantor Equity Partners V, Inc. | Financials | $106K | 0.0% | 10K | — | |||
| 123 | — | HENNESSY CAP INVTS CORP VIII - RIGHT 02/02/2031 | — | $81K | 0.0% | 500K | — | |||
| 124 | $PAII | Pyrophyte Acquisition Corp. II | Financials | $5K | 0.0% | 10K | — |
What changed in Q2 2026
Against the previous quarter's 13F: 59 new, 37 added to, 13 trimmed, 33 sold out. Share-count changes; largest moves by dollar size first.
New positions (59)
- CALLISHARES TR - 20 YR TR BD ETF$152.1M
first bought this quarter
$DVNDEVON ENERGY CORP/DE$86.9M
first bought this quarter
$FSLRCALLFIRST SOLAR, INC.$86.1M
first bought this quarter
$APDPUTAir Products & Chemicals, Inc.$73.3M
first bought this quarter
- PUTSELECT SECTOR SPDR TR - ST STR UTIL ETF$68.0M
first bought this quarter
$OKEPUTONEOK INC /NEW/$65.2M
first bought this quarter
+53 more in the Excel export
Added to (37)
$SPYPUTSPDR S&P 500 ETF TRUST+138%
now $1.4B
$ETRENTERGY CORP /DE/+225%
now $70.7M · held 6 qtrs
$WMBWILLIAMS COMPANIES, INC.+126%
now $80.9M · held 4 qtrs
$DINOHF Sinclair Corp+9475%
now $44.6M · held 4 qtrs
$TLNTalen Energy Corp+145%
now $74.4M · held 2 qtrs, 2 adds in a row
$NFGNATIONAL FUEL GAS CO+49%
now $120.4M · held 10+ qtrs
+31 more in the Excel export
Trimmed (13)
$HUTHut 8 Corp.-64%
now $37.9M · held 3 qtrs
$COHRCOHERENT CORP.-84%
now $7.2M · held 3 qtrs
$CSXCSX CORP-33%
now $43.2M · held 3 qtrs, 2 trims in a row
$AESAES CORP-45%
now $19.4M · held 5 qtrs, 2 trims in a row
$AEEAMEREN CORP-29%
now $32.1M · held 9 qtrs, 2 trims in a row
$LITELumentum Holdings Inc.-69%
now $6.0M · held 2 qtrs
+7 more in the Excel export
Holdings by quarter
Every 13F Yaupon Capital Management LP has filed, 30 earlier quarters. Pick one to see what it held then.
Is it too late to follow Yaupon Capital Management?
Q2 2026 13F filed with the SEC on Aug 14, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Yaupon Capital Management's top 20 holdings: 64/100 (our AI quality score, weighted by position size; 20 of the 20 are scored)
Top 10 since filing
+0.1%
Value-weighted move of the 10 largest stock positions
Turnover
27%
Last quarter; 137% over the last 4
Top 10 weight
27%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
34%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Yaupon Capital Management LP disclosed 124 positions worth $5.1B in its Form 13F-HR for Q2 2026 — $3.0B in common stock plus $2.1B of put/call option positions (reported at underlying notional value, not premium at risk), led by $NFG (NATIONAL FUEL GAS CO) at 4.0% of the equity portfolio, followed by $DVN and $NI. During the quarter the fund opened 59 new positions and exited 33 and a full exit from $XOM.R34088. The portfolio is most concentrated in Energy (38.8% of disclosed assets). All figures are sourced directly from Yaupon Capital Management LP’s Form 13F-HR filing with the SEC under CIK 1755028.
Funds like this
managers whose biggest positions overlap Yaupon Capital Management'sBrowse Top Institutional Investors
13F Pro tracks 8,700+ institutional investors filing 13F reports with the SEC.
to search all 8,700+ institutional filers.
AI-Powered Hedge Fund Analysis: Yaupon Capital Management LP
13F Pro is an AI hedge fund tracker and stock research platform. For Yaupon Capital Management LP (SEC CIK: 1755028), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.
Every holding in Yaupon Capital Management LP's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.