Fund HoldingsYaupon Capital Management LP

Total Portfolio Value
$2.77B
Total Bought
$1.46B
Total Sold
$1.32B
Net Transaction
+$139.06M
Filing Period:
Securities
SharesValue ($K)
Q3 2025
Q4 2025
Change
Q3 2025
Q4 2025
Weight (%)
Change
ISHARES TR(Put)02,050,300+2,050,3000165,316+165,316
NATIONAL FUEL GAS CO(NFG)01,105,979+1,105,979088,5453.20%+88,545
PHILLIPS 66(PSX)(Put)0512,500+512,500066,133+66,133
CRH PLC
ORD
0505,713+505,713063,1132.28%+63,113
COTERRA ENERGY INC02,369,315+2,369,315062,3602.25%+62,360
CSX CORP(CSX)01,559,664+1,559,664056,5382.04%+56,538
EQT CORP(EQT)(Call)500,0001,466,600+966,60027,21578,610+51,395
NISOURCE INC(NI)01,192,609+1,192,609049,8031.80%+49,803
EATON CORP PLC(ETN)(Put)0152,500+152,500048,573+48,573
QUANTA SVCS INC(Put)0100,000+100,000042,206+42,206
FIRST SOLAR INC(FSLR)(Put)0140,000+140,000036,572+36,572
ROCKWELL AUTOMATION INC(ROK)093,793+93,793036,4921.32%+36,492
NUCOR CORP(NUE)0216,764+216,764035,3561.28%+35,356
TARGA RES CORP(TRGP)0162,147+162,147029,9161.08%+29,916
XCEL ENERGY INC(XEL)(Put)0370,200+370,200027,343+27,343
HUT 8 CORP(HUT)0536,522+536,522024,6480.89%+24,648
MDU RES GROUP INC(MDU)01,200,000+1,200,000023,4240.85%+23,424
CF INDS HLDGS INC(CF)(Put)0293,500+293,500022,699+22,699
BARRICK MNG CORP(B)0497,043+497,043021,6460.78%+21,646
NEXTDECADE CORP(NEXT)(Call)04,000,000+4,000,000021,080+21,080
WEATHERFORD INTL PLC(WFRD)0266,463+266,463020,8530.75%+20,853
SPDR SERIES TRUST(Put)
ST STR SP METAL
0200,000+200,000020,722+20,722
ON SEMICONDUCTOR CORP(ON)0353,580+353,580019,1460.69%+19,146
PUBLIC SVC ENTERPRISE GRP IN(PEG)0235,282+235,282018,8930.68%+18,893
CASELLA WASTE SYS INC(CWST)0192,855+192,855018,8880.68%+18,888
CAMECO CORP(CCJ)(Put)0205,000+205,000018,755+18,755
LOEWS CORP(L)0176,832+176,832018,6220.67%+18,622
CENOVUS ENERGY INC(CVE)3,240,8594,346,820+1,105,96155,06273,5482.66%+18,486
TECK RESOURCES LTD(TECK)0360,905+360,905017,2840.62%+17,284
OVINTIV INC(OVV)1,223,9661,681,188+457,22249,42465,8862.38%+16,462
COHERENT CORP(COHR)089,187+89,187016,4610.60%+16,461
MASTEC INC(MTZ)42,276116,993+74,7178,99725,4310.92%+16,434
DOW INC(DOW)(Put)0700,000+700,000016,366+16,366
C H ROBINSON WORLDWIDE INC(CHRW)61,593147,360+85,7678,15523,6900.86%+15,535
AMEREN CORP(AEE)0434,497+434,497043,3891.57%+43,389
KARBON CAP PARTNERS CORP
UNIT 12/11/2030
01,470,000+1,470,000014,8030.54%+14,803
RICE ACQUISITION CORP 301,425,829+1,425,829014,6150.53%+14,615
WOODWARD INC(WWD)34,49476,017+41,5238,71722,9810.83%+14,264
SOLSTICE ADVANCED MATLS INC(SOLS)0291,261+291,261014,1490.51%+14,149
BKV CORP(BKV)306,955750,000+443,0457,10020,3630.74%+13,263
OGE ENERGY CORP(OGE)0300,000+300,000012,8100.46%+12,810
PERMIAN RESOURCES CORP(PR)3,498,2464,082,966+584,72044,77857,2842.07%+12,506
ALUSSA ENERGY ACQUISITION CO
UNIT 99/99/9999
01,100,000+1,100,000011,1100.40%+11,110
WILLIAMS COS INC(WMB)540,412740,946+200,53434,23544,5381.61%+10,303
PATTERSON-UTI ENERGY INC(PTEN)01,617,799+1,617,79909,8850.36%+9,885
TC ENERGY CORP(TRP)976,9131,143,027+166,11453,11762,9322.28%+9,815
BLACK HILLS CORP0138,958+138,95809,6460.35%+9,646
HUDBAY MINERALS INC(HBM)01,051,553+1,051,553020,8730.75%+20,873
TESLA INC(TSLA)019,593+19,59308,8110.32%+8,811
WOLFSPEED INC(WOLF)0449,973+449,97307,8340.28%+7,834
CLEARWAY ENERGY INC(CWEN)0229,398+229,39807,2080.26%+7,208
ADVANCED DRAIN SYS INC DEL(WMS)040,120+40,12005,8110.21%+5,811
KINETIK HOLDINGS INC(KNTK)0158,069+158,06905,6980.21%+5,698
AES CORP(AES)4,360,2214,357,456-2,76557,38162,4862.26%+5,105
RAMACO RES INC00005,0990.18%+5,099
HAWAIIAN ELEC INDUSTRIES(HE)0413,497+413,49705,0860.18%+5,086
H2O AMERICA(HTO)099,884+99,88404,8930.18%+4,893
PBF ENERGY INC(PBF)(Put)500,000732,700+232,70015,08519,871+4,786
PERPETUA RESOURCES CORP(PPTA)0190,481+190,48104,6120.17%+4,612
XPLR INFRASTRUCTURE LP(XIFR)778,1091,115,540+337,4317,91311,1550.40%+3,242
FTAI AVIATION LTD(FTAI)014,348+14,34802,8240.10%+2,824
RIO TINTO PLC(RIO)144,771152,955+8,1849,55612,2410.44%+2,685
AEVA TECHNOLOGIES INC(AEVA)0170,832+170,83202,2690.08%+2,269
PINNACLE WEST CAP CORP(PNW)483,649511,553+27,90443,36445,3751.64%+2,011
INFINITY NAT RES INC0467,360+467,36006,8840.25%+6,884
AURORA INNOVATION INC0489,855+489,85501,8810.07%+1,881
TXNM ENERGY INC(TXNM)246,378260,165+13,78713,93315,3190.55%+1,386
TAMBORAN RES CORP(TBN)465,544515,544+50,00012,74714,0380.51%+1,292
SABLE OFFSHORE CORP200,000449,215+249,2153,4924,0520.15%+560
DUKE ENERGY CORP NEW(DUK)417,730443,963+26,23351,69452,0371.88%+343
TALON CAP CORP
UNIT 08/27/2030
1,000,0001,000,000010,03010,2600.37%+230
RAMACO RES INC011,173+11,17302010.01%+201
RICE ACQUISITION CORP 30237,637+237,63701900.01%+190
OPAL FUELS INC741,775767,234+25,4591,6321,8070.07%+175
LANDBRIDGE COMPANY LLC(LB)44,42451,258+6,8342,3702,5110.09%+141
CANTOR EQUITY PARTNERS IV IN
SHS CL A
300,000309,694+9,6943,0573,1840.12%+127
TECHNIPFMC PLC(FTI)1,062,450943,230-119,22041,91442,0301.52%+117
CANTOR EQUITY PARTNERS V INC010,251+10,25101050.00%+105
PYROPHYTE ACQUISITION CORP.
CL A SHS
20,70820,70802062080.01%+2
PYROPHYTE ACQUISITION CORP.
*W EXP 07/30/203
10,35410,3540440.00%+1
EVERGY INC(EVRG)0210,050+210,050015,2270.55%+15,227
NORTHWESTERN ENERGY GROUP IN(NWE)115,686100,624-15,0626,7806,4940.23%-286
GSR III ACQUISITION CORP30,5110-30,5113160-316
OR ROYALTIES INC.(OR)194,419205,228+10,8097,7927,2700.26%-523
KIMBELL RTY PARTNERS LP(KRP)473,709496,638+22,9296,3905,8400.21%-550
CENTERPOINT ENERGY INC(CNP)818,480811,982-6,49831,75731,1311.13%-626
SOLARIS ENERGY INFRAS INC(SEI)25,4530-25,4531,0170-1,017
TXNM ENERGY INC(TXNM)(Put)18,2000-18,2001,0290-1,029
EXCELERATE ENERGY INC(EE)000000
ATI INC(ATI)000000
SABLE OFFSHORE CORP(Put)103,5000-103,5001,8070-1,807
LEGENCE CORP(LGN)625,000399,817-225,18319,25617,2080.62%-2,048
CADELER A S(CDLR)189,19693,451-95,7453,9071,7370.06%-2,170
ATKORE INC41,2360-41,2362,5870-2,587
KODIAK GAS SVCS INC(KGS)725,000646,131-78,86926,80324,1650.87%-2,638
TRANSALTA CORP(TAC)1,394,0871,290,906-103,18119,04316,3270.59%-2,715
FLOWSERVE CORP(FLS)000000
ENPHASE ENERGY INC(ENPH)105,4180-105,4183,7310-3,731
ARGAN INC16,2230-16,2234,3810-4,381
SPIRE INC(SR)55,6240-55,6244,5340-4,534
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