LC
Lonestar Capital Management LLC 13F Holdings Tracker (Q2 2026)
Lonestar Capital Management LLCCIK: 0001317410
High-turnover traderMomentum followerQuality / disciplined sizing
Total reported value
$345.4M
Reporting period: 2026-06-30 · Number of holdings: 29
LONESTAR CAPITAL MANAGEMENT LLC disclosed 29 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $345.4M and a quarterly turnover rate of 104.4%.
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Personality snowflake
- Concentration
- 65.19
- Portfolio Stability
- 100
- Momentum
- 100
- Sector conviction
- 66.26
- Diversification
- 56
- Sizing Uniformity
- 80.78
Lonestar Capital Management LLC's disclosed holdings carry a Herfindahl concentration index of 0.163 — mathematically equivalent to about 6 equally-sized positions, well below its 29 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.92), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 27% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd SPY
-6.3% $111.0M
Add QQQ
-50.0% $72.5M
Trim CE
-45.0% -$8.1M
Trim ET
0.0% -$162.0K
Sold out GDXJ
Sold out PCG
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 28 holdings (of 29 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 32.43% | +31.88% | -6.25% | |
| 2 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 21.32% | +20.72% | -50.00% | |
| 3 | GTX | Garrett Motion Inc | Stock-Consumer Disc | 5.77% | -1.84% | -31.25% | |
| 4 | ET | Energy Transfer LP | Stock-Energy | 4.98% | -4.12% | — | |
| 5 | GSL | Global Ship Lease, Inc. | Stock-Other | 3.16% | +0.04% | +81.25% | |
| 6 | DHC | Diversified Healthcare Trust | Stock-Other | 2.83% | -2.74% | -34.38% | |
| 7 | TH | Target Hospitality CORP | Stock-Other | 2.55% | +0.73% | +15.49% | |
| 8 | BKD | Brookdale Senior Living Inc | Stock-Other | 2.52% | -2.21% | -18.18% | |
| 9 | CVSA | Covista Inc | Stock-Consumer Staples | 1.99% | +1.99% | NEW | |
| 10 | RIG | Transocean Ltd. | Stock-Energy | 1.95% | -1.18% | -46.22% | |
| 11 | VST | Vistra CORP | Stock-Utilities | 1.84% | -2.10% | -20.00% | |
| 12 | TLN | Talen Energy CORP | Stock-Utilities | 1.78% | -3.24% | -46.67% | |
| 13 | GDX | Vaneck Gold Miners ETF | ETF-Commodities | 1.75% | -2.10% | — | |
| 14 | DCH | Dauch Corporation | Stock-Other | 1.49% | -3.17% | -36.67% | |
| 15 | CE | Celanese CORP | Stock-Materials | 1.47% | -5.42% | -45.00% | |
| 16 | EXE | Expand Energy CORP | Stock-Energy | 1.45% | -3.44% | -35.29% | |
| 17 | LINC | Lincoln Educational Services | Stock-Other | 1.21% | -1.99% | -44.06% | |
| 18 | DOW | Dow Inc | Stock-Materials | 1.19% | -2.74% | -16.67% | |
| 19 | NRG | Nrg Energy Inc | Stock-Utilities | 1.14% | -3.45% | -55.00% | |
| 20 | ✓ | Kyivstar Group LTD | Stock-Other | 1.12% | +1.12% | NEW | |
| 21 | LUMN | Lumen Technologies Inc | Stock-Comm Services | 1.11% | -0.44% | +17.65% | |
| 22 | UTI | Universal Technical Institut | Stock-Other | 1.05% | -0.56% | — | |
| 23 | EQT | Eqt CORP | Stock-Energy | 0.92% | -2.08% | -33.33% | |
| 24 | LYB | LyondellBasell Industries N.V. | Stock-Materials | 0.91% | -1.62% | — | |
| 25 | SDRL | Seadrill Limited | Stock-Other | 0.60% | -1.78% | -45.00% | |
| 26 | GLXY | Galaxy Digital Inc-a | Stock-Other | 0.55% | +0.55% | NEW | |
| 27 | ADT | Adt Inc | Stock-Industrials | 0.47% | +0.47% | NEW | |
| 28 | SVC | Service Properties Trust | Stock-Other | 0.44% | +0.44% | NEW |
Portfolio Performance
Performance for Q3 2026
-8.3%
Performance Last 4 Quarters
+34.1%
- Stdev
- +20.1%
- Beta
- +1.07
- Alpha
- -4.8%
- Max Drawdown
- -22.5%
- Annualized Perf
- +15.8%
- Batting Avg vs S&P
- +41.7%
- Sortino
- +1.52
- Stutzer
- +0.24
- Treynor
- +0.16
- Sterling
- +0.71
- Calmar
- +0.7
- Information Ratio
- -0.23
- Tracking Error
- +14.6%
- Stdev Down
- +10.9%
- Winning Months %
- +58.3%
- Losing Months %
- +41.7%
- Best 12 Months
- +74.5%
- Worst 12 Months
- -10.3%
- Efficiency Ratio
- +0.32
- Sharpe
- +0.83
- Stdev Sectors
- +10.6%
- Skewness
- +0.17
- Kurtosis
- -0.65
- Upside Potential
- +3.4
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 29 | $345.4M | 100 | ||
| 2026 Q1 | 32 | $190.9M | 60 | ||
| 2025 Q4 | 31 | $191.2M | 58 | ||
| 2025 Q3 | 27 | $226.0M | 100 | ||
| 2025 Q2 | 18 | $116.7M | 0 | ||
| 2025 Q1 | 18 | $82.3M | 100 | ||
| 2024 Q4 | 22 | $121.0M | 0 | ||
| 2024 Q3 | 20 | $118.9M | 0 | ||
| 2024 Q2 | 13 | $89.8M | 0 | ||
| 2024 Q1 | 22 | $1.1B | 0 | ||
| 2023 Q4 | 21 | $683.9M | 0 | ||
| 2023 Q3 | 27 | $704.5M | 0 | ||
| 2023 Q2 | 29 | $1.1B | 0 | ||
| 2023 Q1 | 27 | $622.1M | 0 | ||
| 2022 Q4 | 28 | $438.1M | 0 | ||
| 2022 Q3 | 25 | $370.8M | 0 | ||
| 2022 Q2 | 23 | $498.8M | 0 | ||
| 2022 Q1 | 30 | $784.3M | 0 | ||
| 2021 Q4 | 28 | $417.7M | 0 | ||
| 2021 Q3 | 27 | $999.4M | 0 | ||
| 2021 Q2 | 24 | $680.3M | 84 | ||
| 2021 Q1 | 20 | $491.0M | 100 | ||
| 2020 Q4 | 27 | $583.7M | 100 | ||
| 2020 Q3 | 25 | $576.2M | 90 | ||
| 2020 Q2 | 17 | $306.1M | 100 | ||
| 2020 Q1 | 19 | $99.2M | 100 | ||
| 2019 Q4 | 19 | $166.3M | 100 | ||
| 2019 Q3 | 23 | $301.7M | 86 | 178462F246090E3464287 | |
| 2019 Q2 | 26 | $446.9M | 62 | ||
| 2019 Q1 | 26 | $394.3M | 100 | 146090E278462F3464287 | |
| 2018 Q4 | 17 | $209.7M | 100 | ||
| 2018 Q3 | 22 | $562.6M | 74 | ||
| 2018 Q2 | 18 | $301.7M | 88 | ||
| 2018 Q1 | 17 | $310.9M | 100 | ||
| 2017 Q4 | 14 | $357.2M | 100 | ||
| 2017 Q3 | 15 | $452.4M | 48 | ||
| 2017 Q2 | 16 | $333.2M | 38 | ||
| 2017 Q1 | 13 | $341.6M | 75 | ||
| 2016 Q4 | 9 | $171.6M | 84 | ||
| 2016 Q3 | 14 | $386.4M | 23 | ||
| 2016 Q2 | 17 | $368.5M | 74 | ||
| 2016 Q1 | 11 | $226.7M | 68 | ||
| 2015 Q4 | 16 | $259.1M | 74 | ||
| 2015 Q3 | 19 | $191.5M | 35 | ||
| 2015 Q2 | 18 | $197.8M | 69 | ||
| 2015 Q1 | 17 | $196.9M | 83 | ||
| 2014 Q4 | 8 | $90.5M | 100 | ||
| 2014 Q3 | 25 | $688.0M | 100 | ||
| 2014 Q2 | 39 | $1.9B | 99 | ||
| 2014 Q1 | 37 | $995.5M | 91 | ||
| 2013 Q4 | 38 | $817.6M | 100 | ||
| 2013 Q3 | 41 | $1.1B | 100 | ||
| 2013 Q2 | 44 | $844.7M | 0 |
Holding changes this quarter
Lonestar Capital Management LLC's most significant position changes for 2026-06-30: Sold out: Vaneck Junior Gold Miners (GDXJ); New buy: Covista Inc (CVSA); Sold out: P G & E CORP (PCG); New buy: Kyivstar Group LTD; Sold out: Pool CORP (POOL).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | +31.9% | -6.25% | Trim |
| 2 | QQQ | Invesco Qqq Trust Series 1 | +20.7% | -50.00% | Trim |
| 3 | CVSA | Covista Inc | +2% | NEW | New buy |
| 4 | ✓ | Kyivstar Group LTD | +1.1% | NEW | New buy |
| 5 | TH | Target Hospitality CORP | +0.7% | +15.49% | Add |
| 6 | GLXY | Galaxy Digital Inc-a | +0.6% | NEW | New buy |
| 7 | ADT | Adt Inc | +0.5% | NEW | New buy |
| 8 | SVC | Service Properties Trust | +0.4% | NEW | New buy |
| 9 | GSL | Global Ship Lease, Inc. | 0% | +81.25% | Add |
| 10 | IWM | Ishares Russell 2000 ETF | -0.3% | EXIT | Sold out |
| 11 | LUMN | Lumen Technologies Inc | -0.4% | +17.65% | Add |
| 12 | TLT | Ishares 20+ Year Treasury Bd | -0.5% | EXIT | Sold out |
| 13 | SMCI | Super Micro Computer Inc | -0.5% | EXIT | Sold out |
| 14 | UTI | Universal Technical Institut | -0.6% | — | Unchanged |
| 15 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | -0.6% | EXIT | Sold out |
| 16 | BAK | Braskem Sa-class A- Adr | -1% | EXIT | Sold out |
| 17 | RIG | Transocean Ltd. | -1.2% | -46.22% | Trim |
| 18 | POOL | Pool CORP | -1.6% | EXIT | Sold out |
| 19 | LYB | LyondellBasell Industries N.V. | -1.6% | — | Unchanged |
| 20 | SDRL | Seadrill Limited | -1.8% | -45.00% | Trim |
| 21 | GTX | Garrett Motion Inc | -1.8% | -31.25% | Trim |
| 22 | LINC | Lincoln Educational Services | -2% | -44.06% | Trim |
| 23 | EQT | Eqt CORP | -2.1% | -33.33% | Trim |
| 24 | GDX | Vaneck Gold Miners ETF | -2.1% | — | Unchanged |
| 25 | VST | Vistra CORP | -2.1% | -20.00% | Trim |
| 26 | BKD | Brookdale Senior Living Inc | -2.2% | -18.18% | Trim |
| 27 | DOW | Dow Inc | -2.7% | -16.67% | Trim |
| 28 | DHC | Diversified Healthcare Trust | -2.7% | -34.38% | Trim |
| 29 | DCH | Dauch Corporation | -3.2% | -36.67% | Trim |
| 30 | TLN | Talen Energy CORP | -3.2% | -46.67% | Trim |
| 31 | EXE | Expand Energy CORP | -3.4% | -35.29% | Trim |
| 32 | NRG | Nrg Energy Inc | -3.5% | -55.00% | Trim |
| 33 | PCG | P G & E CORP | -3.6% | EXIT | Sold out |
| 34 | GDXJ | Vaneck Junior Gold Miners | -3.8% | EXIT | Sold out |
| 35 | ET | Energy Transfer LP | -4.1% | — | Unchanged |
| 36 | CE | Celanese CORP | -5.4% | -45.00% | Trim |
Filing History
FAQ
What is Lonestar Capital Management LLC and what type of investor is it?
Lonestar Capital Management LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $345.4M, spread across 29 disclosed positions.
What are Lonestar Capital Management LLC's largest equity positions?
Based on the latest 13F filing, Lonestar Capital Management LLC's top holdings by market value are:
1. Ss Spdr S&p 500 ETF Trust-us (SPY) — $112.0M (32.4%)
2. Invesco Qqq Trust Series 1 (QQQ) — $73.6M (21.3%)
3. Garrett Motion Inc (GTX) — $19.9M (5.8%)
4. Energy Transfer LP (ET) — $17.2M (5.0%)
5. Global Ship Lease, Inc. (GSL) — $10.9M (3.2%)
What changes did Lonestar Capital Management LLC make in its most recent portfolio filing?
In the latest reported quarter, Lonestar Capital Management LLC made 32 notable position adjustments: 5 new positions were initiated, 3 existing holdings were added to, 16 positions were partially reduced, and 8 were completely exited. The largest of these moves: Sold out: Vaneck Junior Gold Miners (GDXJ); New buy: Covista Inc (CVSA); Sold out: P G & E CORP (PCG); New buy: Kyivstar Group LTD; Sold out: Pool CORP (POOL)
What sectors does Lonestar Capital Management LLC focus on?
Lonestar Capital Management LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Energy: 34.5%
• Consumer Discretionary: 21.4%
• Utilities: 17.6%
• Materials: 13.2%
• Consumer Staples: 7.4%
• Communication Services: 4.1%
Investment Profile
Lonestar Capital Management LLC returned an annualized 15.8% over the trailing 36 months — underperforming the S&P 500 by 4.8 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.07 (roughly in line with the market) and a 42% quarterly batting average against the index.
Its portfolio is concentrated and fast-trading, with 34.5% of the portfolio concentrated in Energy.
Its turnover score has risen from 0 to 100 over the past 4 quarters — a shift toward more active trading.
It has added to its GSL position over the past two quarters (+$5.3M, now $10.9M), while trimming DCH over the same stretch (-$8.7M, still holding $5.1M).
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