Fund HoldingsYaupon Capital Management LP

Total Portfolio Value
$2.03B
Total Bought
$1.73B
Total Sold
$1.34B
Net Transaction
+$396.93M
Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
STATE STR SPDR S&P 500 ETF T(SPY)(Put)0810,000+810,0000526,775+526,775
EXXON MOBIL CORP(Put)0833,200+833,2000141,361+141,361
STATE STR SPDR S&P 500 ETF T(SPY)(Call)0200,000+200,0000130,068+130,068
AMPHENOL CORP(Put)0800,000+800,0000101,080+101,080
AMERICAN WTR WKS CO INC NEW(Call)0500,000+500,000068,045+68,045
VISTRA CORP(VST)0451,591+451,591067,8883.35%+67,888
TE CONNECTIVITY PLC(TEL)(Put)0319,300+319,300066,740+66,740
H2O AMERICA(HTO)99,884895,435+795,5514,89352,5352.59%+47,642
CSX CORP(CSX)(Call)01,000,000+1,000,000041,050+41,050
BKV CORP(BKV)750,0002,040,355+1,290,35520,36358,1912.87%+37,828
CMS ENERGY CORP(CMS)0452,563+452,563035,1101.73%+35,110
PUBLIC SVC ENTERPRISE GROUP(PEG)235,282665,768+430,48618,89353,8942.66%+35,001
COTERRA ENERGY INC2,369,3152,710,826+341,51162,36095,2584.70%+32,898
CONOCOPHILLIPS(COP)0209,965+209,965027,7151.37%+27,715
TALEN ENERGY CORP(TLN)079,156+79,156025,2691.25%+25,269
DT MIDSTREAM INC(DTM)0187,062+187,062025,1921.24%+25,192
PBF ENERGY INC(PBF)(Put)732,700900,000+167,30019,87142,858+22,987
LYONDELLBASELL INDUSTRIES NV
SHS - A -
0282,151+282,151022,7301.12%+22,730
ENTERGY CORP NEW(ETR)(Call)0200,000+200,000022,472+22,472
VIPER ENERGY INC(VNOM)0477,036+477,036022,4161.11%+22,416
KIRBY CORP(KEX)0165,540+165,540021,9971.09%+21,997
SOLV ENERGY INC(MWH)0725,000+725,000021,7721.07%+21,772
EQUINOR ASA(EQNR)(Put)0500,000+500,000021,100+21,100
PLAINS GP HLDGS L P(PAGP)0777,953+777,953018,8890.93%+18,889
HUT 8 CORP(HUT)536,522906,316+369,79424,64842,5152.10%+17,867
LUMENTUM HLDGS INC(LITE)022,192+22,192015,5960.77%+15,596
KARBON CAP PARTNERS CORP
ORD SHS CL A
01,470,000+1,470,000014,7810.73%+14,781
TAMBORAN RES CORP(TBN)515,544535,174+19,63014,03826,7531.32%+12,715
WESTLAKE CORPORATION(WLK)0107,044+107,044012,5050.62%+12,505
CENTURY ALUM CO(CENX)0211,201+211,201012,3950.61%+12,395
STANDARDAERO INC(SARO)0459,407+459,407011,8660.59%+11,866
CORE NATURAL RESOURCES INC(CNR)0113,192+113,192011,8550.59%+11,855
FORGENT POWER SOLUTIONS INC(FPS)0400,000+400,000011,7080.58%+11,708
XPLR INFRASTRUCTURE LP(XIFR)1,115,5402,133,787+1,018,24711,15522,6611.12%+11,505
COHERENT CORP(COHR)89,187116,824+27,63716,46127,8291.37%+11,367
NEXTPOWER INC093,110+93,110011,2240.55%+11,224
ALUSSA ENERGY ACQUISIT CORP
ORD SHS CL A
01,100,080+1,100,080010,9790.54%+10,979
USA RARE EARTH INC(USAR)0700,000+700,000010,5950.52%+10,595
NATIONAL FUEL GAS CO(NFG)1,105,9791,043,272-62,70788,54598,0264.84%+9,481
FLOWCO HLDGS INC(FLOC)0454,545+454,54509,3640.46%+9,364
PORTLAND GEN ELEC CO(POR)0175,000+175,00009,2350.46%+9,235
NISOURCE INC(NI)1,192,6091,242,895+50,28649,80357,9932.86%+8,190
CORE SCIENTIFIC INC NEW(CORZ)0517,302+517,30207,7390.38%+7,739
BLACK HILLS CORP138,958246,649+107,6919,64617,1200.84%+7,473
TRANSALTA CORP(TAC)1,290,9061,788,700+497,79416,32723,5181.16%+7,190
IDACORP INC(IDA)0112,690+112,690016,1110.80%+16,111
PERMIAN RESOURCES CORP(PR)4,082,9663,022,482-1,060,48457,28464,4393.18%+7,155
SPIRE INC(SR)075,176+75,17606,8060.34%+6,806
EXCELERATE ENERGY INC(EE)0196,990+196,99006,5830.32%+6,583
CHEMOURS CO(CC)0271,134+271,13405,9730.29%+5,973
DARLING INGREDIENTS INC(DAR)095,728+95,72805,9210.29%+5,921
HENNESSY CAP INVTS CORP VIII
ORD CL A
0500,000+500,00004,9150.24%+4,915
CLEARWAY ENERGY INC(CWEN)229,398277,870+48,4727,20810,8840.54%+3,676
TARGA RES CORP(TRGP)162,147130,822-31,32529,91632,8011.62%+2,885
INFINITY NAT RES INC467,360544,208+76,8486,8849,5840.47%+2,699
OGE ENERGY CORP(OGE)300,000319,071+19,07112,81015,3030.76%+2,493
CENOVUS ENERGY INC(CVE)4,346,8202,860,109-1,486,71173,54875,8793.74%+2,330
KIMBELL RTY PARTNERS LP(KRP)496,638515,100+18,4625,8407,4530.37%+1,613
SOLAREDGE TECHNOLOGIES INC(SEDG)030,341+30,34101,5490.08%+1,549
ASP ISOTOPES INC0300,000+300,00001,3260.07%+1,326
AMEREN CORP(AEE)434,497402,897-31,60043,38944,2862.19%+898
CADELER A S(CDLR)93,45196,132+2,6811,7372,2620.11%+525
NORTHWESTERN ENERGY GROUP IN(NWE)100,624104,922+4,2986,4946,9190.34%+424
OPAL FUELS INC767,234780,692+13,4581,8071,9670.10%+161
KARBON CAP PARTNERS CORP
*W EXP 12/11/203
0367,499+367,49901470.01%+147
TALON CAP CORP
UNIT 08/27/2030
1,000,0001,000,000010,26010,4000.51%+140
ALUSSA ENERGY ACQUISIT CORP
*W EXP 99/99/999
0366,666+366,66601320.01%+132
HENNESSY CAP INVTS CORP VIII
RIGHT 02/02/2031
0500,000+500,0000950.00%+95
RICE ACQUISITION CORP 31,425,8291,425,829014,61514,7000.73%+86
PYROPHYTE ACQUISITION CORP.
CL A SHS
20,70820,70802082100.01%+2
RICE ACQUISITION CORP 3237,637237,63701901900.01%0
PYROPHYTE ACQUISITION CORP.
*W EXP 07/30/203
10,35410,3540430.00%-1
CANTOR EQUITY PARTNERS V INC10,25110,25101051040.01%-2
CANTOR EQUITY PARTNERS IV IN
SHS CL A
309,694312,094+2,4003,1843,1800.16%-3
DTE ENERGY CO(DTB)0255,555+255,555037,3671.84%+37,367
RAMACO RES INC11,1730-11,1732010-201
OVINTIV INC(OVV)1,681,1881,096,571-584,61765,88665,0923.21%-793
CSX CORP(CSX)1,559,6641,352,431-207,23356,53855,5172.74%-1,021
AURORA INNOVATION INC489,8550-489,8551,8810-1,881
TALOS ENERGY INC(TALO)(Put)000000
AEVA TECHNOLOGIES INC(AEVA)170,8320-170,8322,2690-2,269
AMERICAN WTR WKS CO INC NEW0317,899+317,899043,2632.14%+43,263
BARRICK MNG CORP(B)497,043470,475-26,56821,64619,1910.95%-2,456
LANDBRIDGE COMPANY LLC(LB)51,2580-51,2582,5110-2,511
EQT CORP(EQT)0461,022+461,022029,3391.45%+29,339
CENTERPOINT ENERGY INC(CNP)811,982657,493-154,48931,13128,3771.40%-2,754
FTAI AVIATION LTD(FTAI)14,3480-14,3482,8240-2,824
ENTERGY CORP NEW(ETR)0189,560+189,560021,2991.05%+21,299
SABLE OFFSHORE CORP449,2150-449,2154,0520-4,052
PERPETUA RESOURCES CORP(PPTA)190,4810-190,4814,6120-4,612
HAWAIIAN ELEC INDUSTRIES(HE)413,4970-413,4975,0860-5,086
TXNM ENERGY INC(TXNM)260,165174,858-85,30715,31910,2220.50%-5,096
RAMACO RES INC0005,0990-5,099
NEXTDECADE CORP(NEXT)(Call)4,000,0002,062,800-1,937,20021,08015,801-5,279
ALGONQUIN PWR UTILS CORP000000
KINETIK HOLDINGS INC(KNTK)158,0690-158,0695,6980-5,698
ADVANCED DRAIN SYS INC DEL(WMS)40,1200-40,1205,8110-5,811
MATADOR RES CO(MTDR)0389,909+389,909024,6341.22%+24,634
NEXTDECADE CORP(NEXT)000000
WOLFSPEED INC(WOLF)449,97376,671-373,3027,8341,2510.06%-6,583
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