Yaupon Capital Management LP
13F Reported Value
ⓘ$5.1B
incl. option notional
Equity Holdings
ⓘ$3.0B
Option Notional
ⓘ$2.1B
$1.8B puts / $268.0M calls
Holdings
124
Latest Filing
2026-06-30
Filing Quarter
Q2 2026
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 $SPY (SPDR S&P 500 ETF TRUST) puts. 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.
AI Fund Analysis
DiversifyingSector Allocation
AUM History
Top Equity Holdings by Value
Option Positions
13F rules report options at the value of the underlying shares (notional) — not the premium paid or capital at risk. Shown separately from the equity sleeve above.
Quarterly Activity — Q2 2026
Click any card to unlockTop Holdings
- —
Quality
$1.4B1,930,000 sh ISHARES TR - 20 YR TR BD ETF CALL
—Quality
$152.1M1,760,000 sh- 67.8#343
Quality
$120.4M1,559,618 sh - 74.8
Quality
$86.9M2,102,988 sh - 79.2
Quality
$86.1M365,000 sh - 62.6
Quality
$83.2M1,749,831 sh - 62.5
Quality
$81.1M1,540,608 sh - 64.3
Quality
$80.9M1,088,549 sh - 60.5
Quality
$75.8M2,768,719 sh - 71.9
Quality
$74.6M470,483 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 SPDR S&P 500 ETF TRUST$SPYPUT | — | $1.4B | 1,930,000 |
| ISHARES TR - 20 YR TR BD ETF CALL | — | $152.1M | 1,760,000 |
 NATIONAL FUEL GAS CO$NFG | 67.8#343 | $120.4M | 1,559,618 |
 DEVON ENERGY CORP/DE$DVN | 74.8 | $86.9M | 2,102,988 |
 FIRST SOLAR, INC.$FSLRCALL | 79.2 | $86.1M | 365,000 |
 NISOURCE INC.$NI | 62.6 | $83.2M | 1,749,831 |
 Ovintiv Inc.$OVV | 62.5 | $81.1M | 1,540,608 |
 WILLIAMS COMPANIES, INC.$WMB | 64.3 | $80.9M | 1,088,549 |
 BKV Corp$BKV | 60.5 | $75.8M | 2,768,719 |
 Vistra Corp.$VST | 71.9 | $74.6M | 470,483 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of Yaupon Capital Management LP's 124 positions.
Showing top 10 of 124 holdings.
Sector Allocation
Energy
$1.2B
Utilities
$797.1M
Industrials
$368.6M
Technology
$253.9M
Materials
$213.6M
Financials
$116.7M
Other
$31.3M
Consumer Staples
$28.5M
Full Holdings — Yaupon Capital Management LP (Q2 2026)
All 124 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $SPYPUT | SPDR S&P 500 ETF TRUST | $1.4B | — | +138% | — |
| 2 | — | ISHARES TR - 20 YR TR BD ETF | $152.1M | — | NEW | — |
| 3 | $NFG | NATIONAL FUEL GAS CO | $120.4M | 4.0% | +49% | 67.8 |
| 4 | $DVN | DEVON ENERGY CORP/DE | $86.9M | 2.9% | NEW | 74.8 |
| 5 | $FSLRCALL | FIRST SOLAR, INC. | $86.1M | — | NEW | 79.2 |
| 6 | $NI | NISOURCE INC. | $83.2M | 2.8% | +41% | 62.6 |
| 7 | $OVV | Ovintiv Inc. | $81.1M | 2.7% | +40% | 62.5 |
| 8 | $WMB | WILLIAMS COMPANIES, INC. | $80.9M | 2.7% | +126% | 64.3 |
| 9 | $BKV | BKV Corp | $75.8M | 2.5% | +36% | 60.5 |
| 10 | $VST | Vistra Corp. | $74.6M | 2.5% | +4% | 71.9 |
| 11 |  $TLN | Talen Energy Corp | $74.4M | 2.5% | +145% | 57.2 |
| 12 |  $APDPUT | Air Products & Chemicals, Inc. | $73.3M | — | NEW | 46.4 |
| 13 |  $CVE | CENOVUS ENERGY INC. | $71.7M | 2.4% | +1% | 51.9 |
| 14 |  $ETR | ENTERGY CORP /DE/ | $70.7M | 2.4% | +225% | 59.5 |
| 15 | — | SELECT SECTOR SPDR TR - ST STR UTIL ETF | $68.0M | — | NEW | — |
| 16 |  $OKEPUT | ONEOK INC /NEW/ | $65.2M | — | NEW | 71.7 |
| 17 | $FSLR | FIRST SOLAR, INC. | $64.3M | 2.1% | NEW | 79.2 |
| 18 |  $MTZPUT | MASTEC INC | $62.4M | — | NEW | 58.8 |
| 19 |  $PR | Permian Resources Corp | $62.0M | 2.1% | +11% | 79.5 |
| 20 |  $PEG | PUBLIC SERVICE ENTERPRISE GROUP INC | $57.3M | 1.9% | +6% | 60.9 |
| 21 |  $DUK | Duke Energy CORP | $56.9M | 1.9% | +33% | 56.4 |
| 22 |  $AEP | AMERICAN ELECTRIC POWER CO INC | $56.4M | 1.9% | NEW | 66.8 |
| 23 |  $FPS | Forgent Power Solutions, Inc. | $55.9M | 1.9% | +150% | — |
| 24 |  $LGN | Legence Corp. | $53.5M | 1.8% | NEW | 64.1 |
| 25 |  $HTO | H2O AMERICA | $51.8M | 1.7% | -5% | 59.8 |
| 26 |  $KNTK | Kinetik Holdings Inc. | $48.4M | 1.6% | NEW | 59.6 |
| 27 |  $DTB | DTE ENERGY CO | $45.4M | 1.5% | +17% | 68.9 |
| 28 |  $DINO | HF Sinclair Corp | $44.6M | 1.5% | +9475% | 58.7 |
| 29 |  $NEEPUT | NEXTERA ENERGY INC | $43.9M | — | NEW | 64.6 |
| 30 |  $AWK | American Water Works Company, Inc. | $43.9M | 1.5% | +5% | 58.1 |
| 31 |  $FCX | FREEPORT-MCMORAN INC | $43.5M | 1.4% | NEW | 62 |
| 32 |  $CSX | CSX CORP | $43.2M | 1.4% | -33% | 65.2 |
| 33 |  $FDXF | FedEx Freight Holding Company, Inc. | $41.9M | 1.4% | NEW | — |
| 34 |  $AR | ANTERO RESOURCES Corp | $41.6M | 1.4% | NEW | 75.4 |
| 35 |  $NBIS | Nebius Group N.V. | $40.5M | 1.4% | NEW | — |
| 36 |  $RRX | REGAL REXNORD CORP | $38.9M | 1.3% | NEW | 52 |
| 37 |  $LNG | Cheniere Energy, Inc. | $38.3M | 1.3% | NEW | 66.5 |
| 38 |  $DTM | DT Midstream, Inc. | $37.9M | 1.3% | +38% | 68.6 |
| 39 |  $HUT | Hut 8 Corp. | $37.9M | 1.3% | -64% | 37.4 |
| 40 |  $EQT | EQT Corp | $37.7M | 1.3% | +54% | 83.7 |
| 41 |  $NSC | NORFOLK SOUTHERN CORP | $37.6M | 1.3% | NEW | 63.2 |
| 42 |  $STM | STMicroelectronics N.V. | $37.1M | 1.2% | NEW | — |
| 43 |  $TRGP | Targa Resources Corp. | $36.8M | 1.2% | +5% | 63.3 |
| 44 |  $PRIM | Primoris Services Corp | $36.4M | 1.2% | NEW | 51.8 |
| 45 |  $ATI | ATI INC | $35.5M | 1.2% | NEW | 63.1 |
| 46 |  $CMI | CUMMINS INC | $34.9M | 1.2% | NEW | 58.1 |
| 47 |  $BP | BP PLC | $34.8M | 1.2% | -1% | — |
| 48 |  $BKH | BLACK HILLS CORP /SD/ | $34.1M | 1.1% | +86% | 53.3 |
| 49 |  $PAGP | PLAINS GP HOLDINGS LP | $32.9M | 1.1% | +74% | 55.1 |
| 50 |  $AEE | AMEREN CORP | $32.1M | 1.1% | -29% | 59.4 |
| 51 |  $DPC | DPC Holdings PLC | $30.0M | 1.0% | NEW | — |
| 52 |  $UNP | UNION PACIFIC CORP | $29.4M | 1.0% | NEW | 69.7 |
| 53 |  $TAC | TRANSALTA CORP | $28.6M | 0.9% | +15% | — |
| 54 |  $DE | DEERE & CO | $28.0M | 0.9% | NEW | 55.4 |
| 55 |  $CIFR | Cipher Digital Inc. | $26.7M | 0.9% | NEW | 30.6 |
| 56 |  $VLO | VALERO ENERGY CORP/TX | $26.3M | 0.9% | NEW | 57.8 |
| 57 |  $MWH | SOLV Energy, Inc. | $25.5M | 0.8% | +3% | — |
| 58 |  $VNOM | Viper Energy, Inc. | $23.5M | 0.8% | +16% | 71.8 |
| 59 | $NFGCALL | NATIONAL FUEL GAS CO | $23.2M | — | NEW | 67.8 |
| 60 |  $XIFR | XPLR Infrastructure, LP | $23.0M | 0.8% | -9% | 48.5 |
| 61 |  $COP | CONOCOPHILLIPS | $22.9M | 0.8% | +5% | 70.2 |
| 62 |  $SHEL | Shell plc | $22.5M | 0.8% | -30% | — |
| 63 |  $CLF | CLEVELAND-CLIFFS INC. | $22.0M | 0.7% | NEW | 38.3 |
| 64 |  $B | BARRICK MINING CORP | $21.8M | 0.7% | +26% | 69.6 |
| 65 |  $SR | SPIRE INC | $20.7M | 0.7% | +253% | 43 |
| 66 |  $TBN | Tamboran Resources Corp | $20.3M | 0.7% | +17% | — |
| 67 |  $DAR | DARLING INGREDIENTS INC. | $19.7M | 0.7% | +276% | 63.5 |
| 68 |  $AES | AES CORP | $19.4M | 0.7% | -45% | 58.6 |
| 69 |  $SOLS | Solstice Advanced Materials Inc. | $18.6M | 0.6% | NEW | 61.6 |
| 70 |  $MGEE | MGE ENERGY INC | $16.3M | 0.5% | NEW | 52.2 |
| 71 | $VSTPUT | Vistra Corp. | $15.9M | — | NEW | 71.9 |
| 72 |  $EQNRPUT | EQUINOR ASA | $15.7M | — | +0% | 39 |
| 73 |  $USAR | USA Rare Earth, Inc. | $15.1M | 0.5% | +0% | 16 |
| 74 |  $KRSP | Rice Acquisition Corp 3 | $15.0M | 0.5% | +0% | — |
| 75 | — | KARBON CAP PARTNERS CORP - ORD SHS CL A | $14.8M | 0.5% | +0% | — |
| 76 |  $EE | Excelerate Energy, Inc. | $14.8M | 0.5% | +98% | 52 |
| 77 |  $FRVO | Fervo Energy Co | $14.6M | 0.5% | NEW | — |
| 78 |  $KGS | Kodiak Gas Services, Inc. | $14.3M | 0.5% | NEW | 57 |
| 79 |  $ROK | ROCKWELL AUTOMATION, INC | $14.3M | 0.5% | NEW | 63.6 |
| 80 |  $INIO | INNIO N.V. | $13.8M | 0.5% | NEW | — |
| 81 |  $GLNG | GOLAR LNG LTD | $13.1M | 0.4% | NEW | — |
| 82 |  $FTAI | FTAI Aviation Ltd. | $13.1M | 0.4% | NEW | — |
| 83 |  $PCT | PureCycle Technologies, Inc. | $12.7M | 0.4% | NEW | 15.8 |
| 84 |  $VGPUT | Venture Global, Inc. | $11.5M | — | NEW | 69.5 |
| 85 |  $EROK | EagleRock Land, LLC | $11.4M | 0.4% | NEW | — |
| 86 | — | ALUSSA ENERGY ACQUISIT CORP - ORD SHS CL A | $11.0M | 0.4% | +0% | — |
| 87 |  $TLNC | Talon Capital Corp. | $10.5M | 0.3% | +0% | — |
| 88 |  $CENX | CENTURY ALUMINUM CO | $10.3M | 0.3% | +6% | 63.3 |
| 89 |  $CCJPUT | CAMECO CORP | $10.2M | — | NEW | — |
| 90 |  $SSMR | Sunshine Silver Mining & Refining Co | $9.9M | 0.3% | NEW | — |
| 91 |  $YSWY | Yesway, Inc. | $8.9M | 0.3% | NEW | — |
| 92 |  $TH | Target Hospitality Corp. | $8.9M | 0.3% | NEW | 40.4 |
| 93 |  $INR | INFINITY NATURAL RESOURCES, INC. | $8.3M | 0.3% | +20% | 72.6 |
| 94 |  $NWE | NorthWestern Energy Group, Inc. | $7.9M | 0.3% | +5% | 46.9 |
| 95 |  $TECK | TECK RESOURCES LTD | $7.6M | 0.3% | +5% | — |
| 96 |  $NEXT | NextDecade Corp | $7.6M | 0.3% | NEW | — |
| 97 |  $XE | X-Energy, Inc. | $7.3M | 0.2% | NEW | — |
| 98 |  $COHR | COHERENT CORP. | $7.2M | 0.2% | -84% | 58.5 |
| 99 |  $WTTR | Select Water Solutions, Inc. | $6.6M | 0.2% | NEW | 42.9 |
| 100 | $CLFCALL | CLEVELAND-CLIFFS INC. | $6.6M | — | NEW | 38.3 |
| 101 |  $BTDR | Bitdeer Technologies Group | $6.4M | 0.2% | NEW | — |
| 102 |  $LITE | Lumentum Holdings Inc. | $6.0M | 0.2% | -69% | 44.3 |
| 103 |  $KRP | Kimbell Royalty Partners, LP | $5.3M | 0.2% | -29% | 64.1 |
| 104 |  $AUR | Aurora Innovation, Inc. | $5.1M | 0.2% | NEW | 11.8 |
| 105 | $PCT | PureCycle Technologies, Inc. | $5.1M | 0.2% | NEW | 15.8 |
| 106 | — | HENNESSY CAP INVTS CORP VIII - ORD CL A | $5.0M | 0.2% | +0% | — |
| 107 |  $TXNM | TXNM ENERGY INC | $4.8M | 0.2% | -52% | 52.8 |
| 108 |  $CRGY | Crescent Energy Co | $3.9M | 0.1% | NEW | 66.4 |
| 109 |  $EROC | ERock, Inc. | $3.6M | 0.1% | NEW | — |
| 110 |  $QNT | Quantinuum Inc. | $3.3M | 0.1% | NEW | — |
| 111 |  $CEPF | Cantor Equity Partners IV, Inc. | $3.2M | 0.1% | +0% | — |
| 112 |  $WULF | TERAWULF INC. | $3.1M | 0.1% | NEW | 33.8 |
| 113 |  $WOLF | WOLFSPEED, INC. | $3.0M | 0.1% | -20% | 22.8 |
| 114 |  $CDLR | Cadeler A/S | $2.2M | 0.1% | +5% | — |
| 115 |  $SPKL | Spark I Acquisition Corp | $2.0M | 0.1% | NEW | — |
| 116 |  $OPAL | OPAL Fuels Inc. | $1.8M | 0.1% | +4% | 44.1 |
| 117 |  $SOC | Sable Offshore Corp. | $770,000 | 0.0% | NEW | — |
| 118 | $KRSP | Rice Acquisition Corp 3 | $235,261 | 0.0% | +0% | — |
| 119 |  $PAII | Pyrophyte Acquisition Corp. II | $211,222 | 0.0% | +0% | — |
| 120 | — | KARBON CAP PARTNERS CORP - *W EXP 12/11/203 | $198,817 | 0.0% | +0% | — |
| 121 | — | ALUSSA ENERGY ACQUISIT CORP - *W EXP 99/99/999 | $146,483 | 0.0% | +0% | — |
| 122 |  $CEPV | Cantor Equity Partners V, Inc. | $105,713 | 0.0% | +0% | — |
| 123 | — | HENNESSY CAP INVTS CORP VIII - RIGHT 02/02/2031 | $80,500 | 0.0% | +0% | — |
| 124 | $PAII | Pyrophyte Acquisition Corp. II | $5,177 | 0.0% | +0% | — |
New Positions (59)
$DVN DEVON ENERGY CORP/DE$86.9M$FSLRCALL FIRST SOLAR, INC.$86.1M$APDPUT Air Products & Chemicals, Inc.$73.3M$OKEPUT ONEOK INC /NEW/$65.2M$FSLR FIRST SOLAR, INC.$64.3M$MTZPUT MASTEC INC$62.4M$AEP AMERICAN ELECTRIC POWER CO INC$56.4M$LGN Legence Corp.$53.5M$KNTK Kinetik Holdings Inc.$48.4M$NEEPUT NEXTERA ENERGY INC$43.9M$FCX FREEPORT-MCMORAN INC$43.5M$FDXF FedEx Freight Holding Company, Inc.$41.9M$AR ANTERO RESOURCES Corp$41.6MExited Positions (33)
$XOM.R34088PUT EXXON MOBIL CORP$SPYCALL SPDR S&P 500 ETF TRUST
$APHPUT AMPHENOL CORP /DE/
$CTRA Coterra Energy Inc.$AWKCALL American Water Works Company, Inc.
$TELPUT TE Connectivity plc
$TRP TC ENERGY CORP
$PBFPUT PBF Energy Inc.$CSXCALL CSX CORP
$CMS CMS ENERGY CORP
$PNW PINNACLE WEST CAPITAL CORP
$CNP CENTERPOINT ENERGY INC
$MTDR Matador Resources Co
$FTI TechnipFMC plc
$LYB LyondellBasell Industries N.V.Browse Top Institutional Investors
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