Yaupon Capital Management LP

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Yaupon Capital Management LP maintained a portfolio of 163 distinct positions. The most significant new addition to the portfolio was ISHARES TR, which now represents 5.98% of the total fund value. The fund also reduced its exposure to ENTERGY CORP NEW by 42.5%.
PCA Score Concentration Risk
Risk ENB
Total Positions
163
Quarter
2025 Q4
Top Holding
HYG (6.0%)
Top 10 Concentration
31.5%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 163
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
HYG
ISHARES TR
PUT
PUT Option 5.98% #1
Prev: #—
7.9 2,050,300 no change
NEW
2,050,300 $165,315,689 2020 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SPY
SPDR S&P 500 ET...
PUT
PUT Option 4.68% 6.37% #2 1
Prev: #1
3.4 -60,000 -24.0%
P
S
190,000 $129,564,800 2019 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NFG
NATIONAL FUEL G...
Energy 3.20% 0.63% #3 53
Prev: #56
5.3 927,873 521.0%
P
S
1,105,979 $88,544,679 2019 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
EQT
EQT CORP
CALL
CALL Option 2.84% 1.04% #4 29
Prev: #33
4.6 966,600 193.3%
P
S
1,466,600 $78,609,760 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BP
BP PLC
Energy 2.80% 3.34% #5 2
Prev: #3
2.1 -301,276 -11.9%
P
S
2,231,295 $77,492,875 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CVE
CENOVUS ENERGY ...
Energy 2.66% 2.11% #6 2
Prev: #8
3.6 1,105,961 34.1%
P
S
4,346,820 $73,548,194 2019 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
PSX
PHILLIPS 66
PUT
PUT Option 2.39% #7
Prev: #—
4.5 512,500 no change
NEW
512,500 $66,133,000 2019 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
OVV
OVINTIV INC
Energy 2.38% 1.89% #8 5
Prev: #13
3.5 457,222 37.4%
P
S
1,681,188 $65,885,758 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CRH
CRH PLC
Basic Materials 2.28% #9
Prev: #—
4.4 505,713 no change
NEW
505,713 $63,112,982 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TRP
TC ENERGY CORP
Energy 2.28% 2.03% #10
Prev: #10
2.9 166,114 17.0%
P
S
1,143,027 $62,931,645 2020 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
AES
AES CORP
Utilities 2.26% 2.20% #11 4
Prev: #7
1.4 -2,765 -0.1%
P
S
4,357,456 $62,485,919 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CTRA
COTERRA ENERGY ...
Energy 2.25% #12
Prev: #—
4.4 2,369,315 no change
NEW
2,369,315 $62,360,371 2019 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PR
PERMIAN RESOURC...
Energy 2.07% 1.71% #13 4
Prev: #17
2.8 584,720 16.7%
P
S
4,082,966 $57,284,013 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CSX
CSX CORP
Industrials 2.04% #14
Prev: #—
4.3 1,559,664 no change
NEW
1,559,664 $56,537,820 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
DUK
DUKE ENERGY COR...
Utilities 1.88% 1.98% #15 3
Prev: #12
2.8 26,233 6.3%
P
S
443,963 $52,036,903 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
NI
NISOURCE INC
Utilities 1.80% #16
Prev: #—
4.2 1,192,609 no change
NEW
1,192,609 $49,803,352 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
SHEL
SHELL PLC
Energy 1.78% 2.66% #17 11
Prev: #6
0.7 -303,953 -31.2%
P
S
668,736 $49,138,721 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ETN
EATON CORP PLC
PUT
PUT Option 1.76% #18
Prev: #—
4.2 152,500 no change
NEW
152,500 $48,572,775 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
AWK
AMERICAN WTR WK...
Utilities 1.65% 3.17% #19 15
Prev: #4
0.7 -246,005 -41.3%
P
S
349,233 $45,574,907 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PNW
PINNACLE WEST C...
Utilities 1.64% 1.66% #20
Prev: #20
2.7 27,904 5.8%
P
S
511,553 $45,374,751 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
WMB
WILLIAMS COS IN...
Energy 1.61% 1.31% #21 4
Prev: #25
3.1 200,534 37.1%
P
S
740,946 $44,538,264 2019 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
AEE
AMEREN CORP
Utilities 1.57% 1.08% #22 9
Prev: #31
3.6 163,548 60.4%
P
S
434,497 $43,388,870 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
PWR
QUANTA SVCS INC
PUT
PUT Option 1.53% #23
Prev: #—
4.1 100,000 no change
NEW
100,000 $42,206,000 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
FTI
TECHNIPFMC PLC
Energy 1.52% 1.60% #24 2
Prev: #22
1.1 -119,220 -11.2%
P
S
943,230 $42,030,329 2020 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
DTE
DTE ENERGY CO
Utilities 1.36% 1.61% #25 4
Prev: #21
1.0 -7,447 -2.5%
P
S
290,679 $37,491,777 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
FSLR
FIRST SOLAR INC
PUT
PUT Option 1.32% #26
Prev: #—
4.0 140,000 no change
NEW
140,000 $36,572,200 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ROK
ROCKWELL AUTOMA...
Industrials 1.32% #27
Prev: #—
4.0 93,793 no change
NEW
93,793 $36,492,043 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NUE
NUCOR CORP
Basic Materials 1.28% #28
Prev: #—
4.0 216,764 no change
NEW
216,764 $35,356,376 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
EQT
EQT CORP
Energy 1.15% 2.03% #29 18
Prev: #11
0.5 -378,026 -38.8%
P
S
595,738 $31,931,557 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CNP
CENTERPOINT ENE...
Utilities 1.13% 1.22% #30 3
Prev: #27
1.0 -6,498 -0.8%
P
S
811,982 $31,131,390 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MTDR
MATADOR RES CO
Energy 1.11% 1.84% #31 17
Prev: #14
0.4 -344,301 -32.2%
P
S
726,504 $30,832,830 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
TRGP
TARGA RES CORP
Energy 1.08% #32
Prev: #—
3.9 162,147 no change
NEW
162,147 $29,916,122 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
XEL
XCEL ENERGY INC
PUT
PUT Option 0.99% #33
Prev: #—
3.9 370,200 no change
NEW
370,200 $27,342,972 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MTZ
MASTEC INC
Industrials 0.92% 0.34% #34 38
Prev: #72
3.4 74,717 176.7%
P
S
116,993 $25,430,768 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ETR
ENTERGY CORP NE...
Utilities 0.90% 1.67% #35 16
Prev: #19
0.4 -199,193 -42.5%
P
S
269,935 $24,950,092 2019 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
HUT
HUT 8 CORP
Financial Services 0.89% #36
Prev: #—
3.9 536,522 no change
NEW
536,522 $24,647,821 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
KGS
KODIAK GAS SVCS...
Energy 0.87% 1.03% #37 3
Prev: #34
0.8 -78,869 -10.9%
P
S
646,131 $24,165,299 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CHRW
C H ROBINSON WO...
Industrials 0.86% 0.31% #38 41
Prev: #79
3.3 85,767 139.2%
P
S
147,360 $23,689,594 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MDU
MDU RES GROUP I...
Utilities 0.85% #39
Prev: #—
3.8 1,200,000 no change
NEW
1,200,000 $23,424,000 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
WWD
WOODWARD INC
Industrials 0.83% 0.33% #40 35
Prev: #75
3.3 41,523 120.4%
P
S
76,017 $22,981,459 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CF
CF INDS HLDGS I...
PUT
PUT Option 0.82% #41
Prev: #—
3.8 293,500 no change
NEW
293,500 $22,699,290 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
B
BARRICK MNG COR...
Basic Materials 0.78% #42
Prev: #—
3.8 497,043 no change
NEW
497,043 $21,646,223 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NEXT
NEXTDECADE CORP
CALL
CALL Option 0.76% #43
Prev: #—
3.8 4,000,000 no change
NEW
4,000,000 $21,080,000 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
HBM
HUDBAY MINERALS...
Basic Materials 0.75% 0.46% #44 23
Prev: #67
2.8 261,148 33.0%
P
S
1,051,553 $20,873,327 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
WFRD
WEATHERFORD INT...
Energy 0.75% #45
Prev: #—
3.8 266,463 no change
NEW
266,463 $20,853,394 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
XME
SPDR SERIES TRU...
PUT
PUT Option 0.75% #46
Prev: #—
3.8 200,000 no change
NEW
200,000 $20,722,000 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BKV
BKV CORP
Energy 0.74% 0.27% #47 39
Prev: #86
3.3 443,045 144.3%
P
S
750,000 $20,362,500 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
PBF
PBF ENERGY INC
PUT
PUT Option 0.72% 0.58% #48 11
Prev: #59
2.8 232,700 46.5%
P
S
732,700 $19,870,824 2019 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ON
ON SEMICONDUCTO...
Technology 0.69% #49
Prev: #—
3.8 353,580 no change
NEW
353,580 $19,146,357 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
PEG
PUBLIC SVC ENTE...
Utilities 0.68% #50
Prev: #—
3.8 235,282 no change
NEW
235,282 $18,893,145 2020 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-50 of 163 holdings

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