Q4 2025 · 13F-HR
Yaupon Capital Management LPholdings as filed
Filed 2026-02-17 · accession 0001755028-26-000002
$2.77B
Reported value
108
Positions
2025-12-31
Period end
The Brief · Yaupon Capital Management LP · Q4 2025
AI · grounded in 13F
Yaupon Capital Management LP exited its position in EOG for a reduction of $134.5M. The fund established a new position in HYG worth $165.3M and added PSX with a $66.1M investment. Other notable moves include new positions in CRH PLC for $63.1M and CTRA for $62.4M, while closing out holdings in LNG and VST.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 464288513 | HYG | ISHARES TR | $165.3M | 5.98% | 2,050,300 | PUT | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $129.6M | 4.68% | 190,000 | PUT | SOLE |
| 636180101 | NFG | NATIONAL FUEL GAS CO | $88.5M | 3.20% | 1,105,979 | Common | SOLE |
| 26884L109 | EQT | EQT CORP | $78.6M | 2.84% | 1,466,600 | CALL | SOLE |
| 055622104 | BP | BP PLC | $77.5M | 2.80% | 2,231,295 | Common | SOLE |
| 15135U109 | CVE | CENOVUS ENERGY INC | $73.5M | 2.66% | 4,346,820 | Common | SOLE |
| 718546104 | PSX | PHILLIPS 66 | $66.1M | 2.39% | 512,500 | PUT | SOLE |
| 69047Q102 | OVV | OVINTIV INC | $65.9M | 2.38% | 1,681,188 | Common | SOLE |
| G25508105 | CRH | CRH PLC | $63.1M | 2.28% | 505,713 | Common | SOLE |
| 87807B107 | TRP | TC ENERGY CORP | $62.9M | 2.28% | 1,143,027 | Common | SOLE |
| 00130H105 | AES | AES CORP | $62.5M | 2.26% | 4,357,456 | Common | SOLE |
| 127097103 | CTRA | COTERRA ENERGY INC | $62.4M | 2.25% | 2,369,315 | Common | SOLE |
| 71424F105 | PR | PERMIAN RESOURCES CORP | $57.3M | 2.07% | 4,082,966 | Common | SOLE |
| 126408103 | CSX | CSX CORP | $56.5M | 2.04% | 1,559,664 | Common | SOLE |
| 26441C204 | DUK | DUKE ENERGY CORP NEW | $52.0M | 1.88% | 443,963 | Common | SOLE |
| 65473P105 | NI | NISOURCE INC | $49.8M | 1.80% | 1,192,609 | Common | SOLE |
| 780259305 | SHEL | SHELL PLC | $49.1M | 1.78% | 668,736 | Common | SOLE |
| G29183103 | ETN | EATON CORP PLC | $48.6M | 1.76% | 152,500 | PUT | SOLE |
| 030420103 | AWK | AMERICAN WTR WKS CO INC NEW | $45.6M | 1.65% | 349,233 | Common | SOLE |
| 723484101 | PNW | PINNACLE WEST CAP CORP | $45.4M | 1.64% | 511,553 | Common | SOLE |
| 969457100 | WMB | WILLIAMS COS INC | $44.5M | 1.61% | 740,946 | Common | SOLE |
| 023608102 | AEE | AMEREN CORP | $43.4M | 1.57% | 434,497 | Common | SOLE |
| 74762E102 | QURE | QUANTA SVCS INC | $42.2M | 1.53% | 100,000 | PUT | SOLE |
| G87110105 | FTI | TECHNIPFMC PLC | $42.0M | 1.52% | 943,230 | Common | SOLE |
| 233331107 | DTE | DTE ENERGY CO | $37.5M | 1.36% | 290,679 | Common | SOLE |
| 336433107 | FSLR | FIRST SOLAR INC | $36.6M | 1.32% | 140,000 | PUT | SOLE |
| 773903109 | ROK | ROCKWELL AUTOMATION INC | $36.5M | 1.32% | 93,793 | Common | SOLE |
| 670346105 | NUE | NUCOR CORP | $35.4M | 1.28% | 216,764 | Common | SOLE |
| 26884L109 | EQT | EQT CORP | $31.9M | 1.15% | 595,738 | Common | SOLE |
| 15189T107 | CNP | CENTERPOINT ENERGY INC | $31.1M | 1.13% | 811,982 | Common | SOLE |
| 576485205 | MTDR | MATADOR RES CO | $30.8M | 1.11% | 726,504 | Common | SOLE |
| 87612G101 | TRGP | TARGA RES CORP | $29.9M | 1.08% | 162,147 | Common | SOLE |
| 98389B100 | XEL | XCEL ENERGY INC | $27.3M | 0.99% | 370,200 | PUT | SOLE |
| 576323109 | MTZ | MASTEC INC | $25.4M | 0.92% | 116,993 | Common | SOLE |
| 29364G103 | ETR | ENTERGY CORP NEW | $25.0M | 0.90% | 269,935 | Common | SOLE |
| 44812J104 | HUT | HUT 8 CORP | $24.6M | 0.89% | 536,522 | Common | SOLE |
| 50012A108 | KGS | KODIAK GAS SVCS INC | $24.2M | 0.87% | 646,131 | Common | SOLE |
| 12541W209 | CHRW | C H ROBINSON WORLDWIDE INC | $23.7M | 0.86% | 147,360 | Common | SOLE |
| 552690109 | MDU | MDU RES GROUP INC | $23.4M | 0.85% | 1,200,000 | Common | SOLE |
| 980745103 | WWD | WOODWARD INC | $23.0M | 0.83% | 76,017 | Common | SOLE |
| 125269100 | CF | CF INDS HLDGS INC | $22.7M | 0.82% | 293,500 | PUT | SOLE |
| 06849F108 | B | BARRICK MNG CORP | $21.6M | 0.78% | 497,043 | Common | SOLE |
| 65342K105 | NEXT | NEXTDECADE CORP | $21.1M | 0.76% | 4,000,000 | CALL | SOLE |
| 443628102 | HBM | HUDBAY MINERALS INC | $20.9M | 0.75% | 1,051,553 | Common | SOLE |
| G48833118 | WFRD | WEATHERFORD INTL PLC | $20.9M | 0.75% | 266,463 | Common | SOLE |
| 78464A755 | XME | SPDR SERIES TRUST | $20.7M | 0.75% | 200,000 | PUT | SOLE |
| 05603J108 | BKV | BKV CORP | $20.4M | 0.74% | 750,000 | Common | SOLE |
| 69318G106 | PBF | PBF ENERGY INC | $19.9M | 0.72% | 732,700 | PUT | SOLE |
| 682189105 | ON | ON SEMICONDUCTOR CORP | $19.1M | 0.69% | 353,580 | Common | SOLE |
| 744573106 | PEG | PUBLIC SVC ENTERPRISE GRP IN | $18.9M | 0.68% | 235,282 | Common | SOLE |
| 406216101 | HAL | HALLIBURTON CO | $18.9M | 0.68% | 668,506 | Common | SOLE |
| 147448104 | CWST | CASELLA WASTE SYS INC | $18.9M | 0.68% | 192,855 | Common | SOLE |
| 13321L108 | CCJ | CAMECO CORP | $18.8M | 0.68% | 205,000 | PUT | SOLE |
| 540424108 | L | LOEWS CORP | $18.6M | 0.67% | 176,832 | Common | SOLE |
| 878742204 | TECK | TECK RESOURCES LTD | $17.3M | 0.62% | 360,905 | Common | SOLE |
| 52476L109 | LGN | LEGENCE CORP | $17.2M | 0.62% | 399,817 | Common | SOLE |
| 19247G107 | COHR | COHERENT CORP | $16.5M | 0.60% | 89,187 | Common | SOLE |
| 260557103 | DOW | DOW INC | $16.4M | 0.59% | 700,000 | PUT | SOLE |
| 89346D107 | TAC | TRANSALTA CORP | $16.3M | 0.59% | 1,290,906 | Common | SOLE |
| 69349H107 | TXNM | TXNM ENERGY INC | $15.3M | 0.55% | 260,165 | Common | SOLE |
| 30034W106 | EVRG | EVERGY INC | $15.2M | 0.55% | 210,050 | Common | SOLE |
| G5225W126 | KBONU | KARBON CAP PARTNERS CORP | $14.8M | 0.54% | 1,470,000 | Common | SOLE |
| 149123101 | CAT | CATERPILLAR INC | $14.7M | 0.53% | 25,641 | Common | SOLE |
| G7553X106 | KRSP | RICE ACQUISITION CORP 3 | $14.6M | 0.53% | 1,425,829 | Common | SOLE |
| 83443Q103 | SOLS | SOLSTICE ADVANCED MATLS INC | $14.1M | 0.51% | 291,261 | Common | SOLE |
| 87507T101 | TBN | TAMBORAN RES CORP | $14.0M | 0.51% | 515,544 | Common | SOLE |
| 92333F101 | VG | VENTURE GLOBAL INC | $13.8M | 0.50% | 2,028,700 | PUT | SOLE |
| 82489W107 | SHLS | SHOALS TECHNOLOGIES GROUP IN | $13.3M | 0.48% | 1,558,888 | Common | SOLE |
| 670837103 | OGE | OGE ENERGY CORP | $12.8M | 0.46% | 300,000 | Common | SOLE |
| 767204100 | RIO | RIO TINTO PLC | $12.2M | 0.44% | 152,955 | Common | SOLE |
| 65341B106 | XIFR | XPLR INFRASTRUCTURE LP | $11.2M | 0.40% | 1,115,540 | Common | SOLE |
| G0233J126 | ALUB/U | ALUSSA ENERGY ACQUISITION CO | $11.1M | 0.40% | 1,100,000 | Common | SOLE |
| 403949100 | DINO | HF SINCLAIR CORP | $11.0M | 0.40% | 237,671 | Common | SOLE |
| G86652115 | TLNCU | TALON CAP CORP | $10.3M | 0.37% | 1,000,000 | Common | SOLE |
| 940923105 | WBI | WATERBRIDGE INFRASTRUCTURE L | $9.9M | 0.36% | 497,046 | Common | SOLE |
| 703481101 | PTEN | PATTERSON-UTI ENERGY INC | $9.9M | 0.36% | 1,617,799 | Common | SOLE |
| 092113109 | BKH | BLACK HILLS CORP | $9.6M | 0.35% | 138,958 | Common | SOLE |
| 451107106 | IDA | IDACORP INC | $8.9M | 0.32% | 70,513 | Common | SOLE |
| 88160R101 | TSLA | TESLA INC | $8.8M | 0.32% | 19,593 | Common | SOLE |
| 655844108 | NSC | NORFOLK SOUTHN CORP | $8.8M | 0.32% | 30,407 | Common | SOLE |
| 97785W106 | WOLF | WOLFSPEED INC | $7.8M | 0.28% | 449,973 | Common | SOLE |
| 68390D106 | OR | OR ROYALTIES INC. | $7.3M | 0.26% | 205,228 | Common | SOLE |
| 18539C105 | NY4B | CLEARWAY ENERGY INC | $7.2M | 0.26% | 229,398 | Common | SOLE |
| 456941103 | INR | INFINITY NAT RES INC | $6.9M | 0.25% | 467,360 | Common | SOLE |
| 65342K105 | NEXT | NEXTDECADE CORP | $6.5M | 0.24% | 1,233,976 | Common | SOLE |
| 668074305 | NWE | NORTHWESTERN ENERGY GROUP IN | $6.5M | 0.23% | 100,624 | Common | SOLE |
| 49435R102 | KRP | KIMBELL RTY PARTNERS LP | $5.8M | 0.21% | 496,638 | Common | SOLE |
| 00790R104 | WMS | ADVANCED DRAIN SYS INC DEL | $5.8M | 0.21% | 40,120 | Common | SOLE |
| 02215L209 | KNTK | KINETIK HOLDINGS INC | $5.7M | 0.21% | 158,069 | Common | SOLE |
| 015857105 | AQN | ALGONQUIN PWR UTILS CORP | $5.3M | 0.19% | 866,736 | Common | SOLE |
| 75134PAB1 | METC 0 11/01/31 | RAMACO RES INC | $5.1M | 0.18% | 6,000 | Common | SOLE |
| 419870100 | HE | HAWAIIAN ELEC INDUSTRIES | $5.1M | 0.18% | 413,497 | Common | SOLE |
| 784305104 | HTO | H2O AMERICA | $4.9M | 0.18% | 99,884 | Common | SOLE |
| 714266103 | PPTA | PERPETUA RESOURCES CORP | $4.6M | 0.17% | 190,481 | Common | SOLE |
| 78574H104 | SOC | SABLE OFFSHORE CORP | $4.1M | 0.15% | 449,215 | Common | SOLE |
| G1828E100 | CEPF | CANTOR EQUITY PARTNERS IV IN | $3.2M | 0.12% | 309,694 | Common | SOLE |
| G3730V105 | FTAI | FTAI AVIATION LTD | $2.8M | 0.10% | 14,348 | Common | SOLE |
| 514952100 | LB | LANDBRIDGE COMPANY LLC | $2.5M | 0.09% | 51,258 | Common | SOLE |
| 00835Q202 | AEVA | AEVA TECHNOLOGIES INC | $2.3M | 0.08% | 170,832 | Common | SOLE |
| 87484T108 | TALO | TALOS ENERGY INC | $2.2M | 0.08% | 200,000 | PUT | SOLE |
| 051774107 | AUR | AURORA INNOVATION INC | $1.9M | 0.07% | 489,855 | Common | SOLE |
| 68347P103 | OPAL | OPAL FUELS INC | $1.8M | 0.07% | 767,234 | Common | SOLE |
| 12738K109 | CDLR | CADELER A S | $1.7M | 0.06% | 93,451 | Common | SOLE |
| G7309T102 | PAII | PYROPHYTE ACQUISITION CORP. | $208,322 | 0.01% | 20,708 | Common | SOLE |
| 75134P600 | METC | RAMACO RES INC | $201,114 | 0.01% | 11,173 | Common | SOLE |
| G7553X114 | KRSP/WS | RICE ACQUISITION CORP 3 | $190,110 | 0.01% | 237,637 | Common | SOLE |
| G1828S109 | CEPV | CANTOR EQUITY PARTNERS V INC | $105,073 | 0.00% | 10,251 | Common | SOLE |
| G7309T110 | PAII/WS | PYROPHYTE ACQUISITION CORP. | $4,142 | 0.00% | 10,354 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.