Yaupon Capital Management LP 13F Holdings Breakdown

CIK: 0001755028

Diversified strategyHigh-turnover traderMomentum follower

Total reported value

$3.2B

Reporting period: 2026-03-31 · Number of holdings: 98

Yaupon Capital Management LP disclosed 98 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $3.2B and a quarterly turnover rate of 102.5%.

Browse other institutions with $1B to $10B AUM Browse other institutions starting with "Y"

Personality snowflake

Concentration: 22.38
Portfolio Stability: 100
Momentum/Contrarian: 100
Sector conviction: 98.42
Diversification: 100
Sizing Uniformity: 79.25

Yaupon Capital Management LP's disclosed holdings carry a Herfindahl concentration index of 0.056 — mathematically equivalent to about 18 equally-sized positions, well below its 98 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 2.07), 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 68% 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.

Recent moves

Add SPY
+431.6%　$527.3M
Trim EQT
-77.6%　-$81.2M
Add AWK
+134.2%　$65.7M
Add HTO
+796.5%　$47.6M
Trim BP
-57.5%　-$32.9M
Trim AES
-45.0%　-$28.7M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 94 holdings (of 98 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	SPY	Ss Spdr S&p 500 ETF Trust-us	ETF-Large Cap & Growth	20.50%	+15.82%	+431.58%
2	XOM	Exxon Mobil CORP	Stock-Energy	4.41%	+4.41%	NEW
3	AWK	American Water Works Co INC	Stock-Utilities	3.47%	+1.82%	+134.20%
4	APH	Amphenol Corp-cl A	Stock-Tech	3.16%	+3.16%	NEW
5	NFG	National Fuel Gas Co	Stock-Energy	3.06%	—	-5.67%
6	CSX	Csx CORP	Stock-Industrials	3.01%	+0.97%	+50.83%
7	CTRA	Coterra Energy INC	Stock-Energy	2.97%	+0.72%	+14.41%
8	CVE	Cenovus Energy INC	Stock-Energy	2.37%	—	-34.20%
9	VST	Vistra CORP	Stock-Utilities	2.12%	+2.12%	NEW
10	TEL	TE Connectivity plc	Stock-Tech	2.08%	+2.08%	NEW
11	OVV	Ovintiv INC	Stock-Energy	2.03%	—	-34.77%
12	PR	Permian Resources Corp-cl A	Stock-Energy	2.01%	—	-25.97%
13	BKV	Bkv Corporation	Stock-Other	1.82%	+1.08%	+172.05%
14	NI	Nisource INC	Stock-Utilities	1.81%	—	+4.22%
15	PEG	Public Service Enterprise Gp	Stock-Utilities	1.68%	+1.00%	+182.97%
16	HTO	H2o America	Stock-Other	1.64%	+1.46%	+796.47%
17	BP	Bp Plc-spons Adr	Stock-Energy	1.39%	-1.41%	-57.50%
18	AEE	Ameren Corporation	Stock-Utilities	1.38%	—	-7.27%
19	DUK	Duke Energy CORP	Stock-Utilities	1.38%	—	-23.93%
20	ETR	Entergy CORP	Stock-Utilities	1.37%	+0.47%	+44.32%
21	TRP	Tc Energy CORP	Stock-Energy	1.35%	-0.93%	-39.60%
22	PBF	Pbf Energy Inc-class A	Stock-Energy	1.34%	+0.62%	+22.83%
23	HUT	Hut 8 CORP	Stock-Financials	1.33%	+0.44%	+68.92%
24	SHEL	Shell Plc-adr	Stock-Energy	1.20%	—	-38.43%
25	DTE	Dte Energy Company	Stock-Utilities	1.17%	—	-12.08%
26	CMS	Cms Energy CORP	Stock-Utilities	1.10%	+1.10%	NEW
27	WMB	Williams Cos INC	Stock-Energy	1.09%	—	-35.06%
28	AES	Aes CORP	Stock-Utilities	1.05%	-1.21%	-45.02%
29	TRGP	Targa Resources CORP	Stock-Energy	1.02%	—	-19.32%
30	PNW	Pinnacle West Capital	Stock-Utilities	0.96%	—	-40.38%
31	EQT	Eqt CORP	Stock-Energy	0.92%	-3.08%	-77.65%
32	CNP	Centerpoint Energy INC	Stock-Utilities	0.89%	—	-19.03%
33	COHR	Coherent CORP	Stock-Tech	0.87%	—	+30.99%
34	COP	Conocophillips	Stock-Energy	0.87%	+0.87%	NEW
35	TBN	Tamboran Resources CORP	Stock-Other	0.84%	—	+3.81%
36	TLN	Talen Energy CORP	Stock-Utilities	0.79%	+0.79%	NEW
37	DTM	Dt Midstream INC	Stock-Energy	0.79%	+0.79%	NEW
38	MTDR	Matador Resources Co	Stock-Energy	0.77%	—	-46.33%
39	FTI	TechnipFMC plc	Stock-Energy	0.74%	-0.78%	-63.47%
40	TAC	Transalta CORP	Stock-Other	0.73%	—	+38.56%
41	LYB	LyondellBasell Industries N.V.	Stock-Materials	0.71%	+0.71%	NEW
42	XIFR	Xplr Infrastructure LP	Stock-Utilities	0.71%	—	+91.28%
43	VNOM	Viper Energy Inc-cl A	Stock-Energy	0.70%	+0.70%	NEW
44	KEX	Kirby CORP	Stock-Industrials	0.69%	+0.69%	NEW
45	MWH	Solv Energy Inc-cl A	Stock-Other	0.68%	+0.68%	NEW
46	EQNR	Equinor Asa-spon Adr	Stock-Energy	0.66%	+0.66%	NEW
47	B	Barrick Mining CORP	Stock-Materials	0.60%	—	-5.35%
48	PAGP	Plains Gp Holdings Lp-cl A	Stock-Energy	0.59%	+0.59%	NEW
49	BKH	Black Hills CORP	Stock-Utilities	0.53%	—	+77.50%
50	IDA	Idacorp INC	Stock-Utilities	0.50%	—	+59.81%

1–50 of 94

Portfolio Performance

Performance for Q3 2026

-2%

Performance Last 4 Quarters

+34.5%

Based on 71% of reported portfolio value with available pricing

Stdev: +14.4%
Beta: +0.59
Alpha: +9.2%
Max Drawdown: -11%
Annualized Perf: +20.8%
Batting Avg vs S&P: +50%
Sortino: +3.27
Stutzer: +0.42
Treynor: +0.34
Sterling: +1.26
Calmar: +1.88
Information Ratio: +0.12
Tracking Error: +13.3%
Stdev Down: +6.1%
Winning Months %: +61.1%
Losing Months %: +38.9%
Best 12 Months: +66.6%
Worst 12 Months: +5.2%
Efficiency Ratio: +0.58
Sharpe: +1.39
Stdev Sectors: +16.3%
Skewness: +0.32
Kurtosis: -0.81
Upside Potential: +5.19

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	98	$3.2B	100	1SPY 2XOM 3AWK Top holdings2026-03-31 1.SPY 2.XOM 3.AWK 4.APH 5.NFG 6.CSX 7.CTRA 8.CVE 9.VST 10.TEL
2025-12-31	108	$2.8B	94	1HYG 2SPY 3EQT Top holdings2025-12-31 1.HYG 2.SPY 3.EQT 4.NFG 5.BP 6.CVE 7.PSX 8.OVV 9.CRH 10.TRP
2025-09-30	113	$2.6B	100	1SPY 2EOG 3AES Top holdings2025-09-30 1.SPY 2.EOG 3.AES 4.BP 5.AWK 6.EQT 7.HAL 8.VG 9.SHEL 10.PR
2025-06-30	116	$2.2B	0	1D 2XLU 3HYG Top holdings2025-06-30 1.D 2.XLU 3.HYG 4.BP 5.SHEL 6.EVRG 7.DOW 8.CVE 9.AEP 10.EXE
2025-03-31	86	$2.0B	100	1AEP 2XLU 3SLB Top holdings2025-03-31 1.AEP 2.XLU 3.SLB 4.ETN 5.BP 6.SHEL 7.NEXT 8.OVV 9.ETR 10.OKE
2024-12-31	110	$2.4B	0	1CEG 2XEL 3HYG Top holdings2024-12-31 1.CEG 2.XEL 3.HYG 4.PCG 5.SPY 6.BP 7.ED 8.ETN 9.NFG 10.TRP
2024-09-30	92	$1.8B	0	1TECK 2XLU 3XOP Top holdings2024-09-30 1.TECK 2.XLU 3.XOP 4.TRGP 5.PR 6.EQT 7.FANG 8.BKR 9.SHEL 10.OKE
2024-06-30	99	$2.0B	0	1SPY 2POR 3PSX Top holdings2024-06-30 1.SPY 2.POR 3.PSX 4.CVX 5.TECK 6.EOG 7.HES 8.TRP 9.NFG 10.CVE
2024-03-31	104	$2.0B	0	1SPY 2XLE 3TECK Top holdings2024-03-31 1.SPY 2.XLE 3.TECK 4.ETRNUSD 5.CVE 6.SU 7.PXDEUR 8.NEXT 9.MPC 10.VLO
2023-12-31	100	$1.2B	0	1SPY 2ETRNUSD 3SHEL Top holdings2023-12-31 1.SPY 2.ETRNUSD 3.SHEL 4.TECK 5.LNG 6.MPC 7.HYG 8.CVE 9.NEXT 10.PR
2023-09-30	114	$1.1B	0	1OKE 2PXDEUR 3XOM Top holdings2023-09-30 1.OKE 2.PXDEUR 3.XOM 4.PSX 5.SHEL 6.D 7.MPC 8.TECK 9.PR 10.LNG
2023-06-30	94	$784.5M	—	1D 2DENUSD 3TRGP Top holdings2023-06-30 1.D 2.DENUSD 3.TRGP 4.PXDEUR 5.CVE 6.BG 7.DTE 8.TECK 9.VLO 10.WM
2023-03-31	105	$829.3M	—	1DENUSD 2VLO 3CVX Top holdings2023-03-31 1.DENUSD 2.VLO 3.CVX 4.D 5.PSX 6.SPY 7.XOM 8.MPC 9.DTE 10.SHEL
2022-12-31	90	$635.2M	—	1SPY 2MPC 3DENUSD Top holdings2022-12-31 1.SPY 2.MPC 3.DENUSD 4.TRGP 5.DAR 6.GTLS 7.CF 8.DTE 9.TECK 10.CVE
2022-09-30	87	$466.1M	0	1SPY 2DENUSD 3VLO Top holdings2022-09-30 1.SPY 2.DENUSD 3.VLO 4.OIH 5.XOM 6.TPG 7.TECK 8.OVV 9.PSX 10.TRGP
2022-06-30	73	$284.3M	0	1NEE 2TPG 3FE Top holdings2022-06-30 1.NEE 2.TPG 3.FE 4.DENUSD 5.MPC 6.DTE 7.ETR 8.SU 9.TECK 10.NI
2022-03-31	64	$184.5M	0	1TPG 2DENUSD 3GTLS Top holdings2022-03-31 1.TPG 2.DENUSD 3.GTLS 4.DTE 5.FSLR 6.OVV 7.SU 8.PLL 9.HESM 10.G9461B
2021-12-31	69	$178.1M	0	1TPG 2DENUSD 3LNG Top holdings2021-12-31 1.TPG 2.DENUSD 3.LNG 4.TXNM 5.FSLR 6.OVV 7.BG 8.CNP 9.G9461B 10.SU
2021-09-30	61	$169.7M	0	124279D2SPY 3EQT Top holdings2021-09-30 1.24279D 2.SPY 3.EQT 4.LNT 5.DENUSD 6.FSLR 7.STEM 8.OVV 9.66516U 10.EXC
2021-06-30	53	$180.9M	100	124279D2739190370U Top holdings2021-06-30 1.24279D 2.739190 3.70U 4.CNP 5.LNT 6.STEM 7.ENB 8.EXC 9.SU 10.TPG
2021-03-31	61	$117.7M	100	17391902DENUSD 3CEQPUSD Top holdings2021-03-31 1.739190 2.DENUSD 3.CEQPUSD 4.PARR 5.NGAB-U 6.EQT 7.HESM 8.855179 9.G8633T 10.XECEUR
2020-12-31	46	$185.7M	100	1SPY2G8598Y3G7307X Top holdings2020-12-31 1.SPY 2.G8598Y 3.G7307X 4.CNP 5.XECEUR 6.XIFR 7.AEBA 8.BG 9.LNT 10.EQT
2020-09-30	31	$82.3M	100	1STPK-U 2HYG3G8598Y Top holdings2020-09-30 1.STPK-U 2.HYG 3.G8598Y 4.PEG 5.EXC 6.CLII-U 7.EVRG 8.NEE 9.APD 10.87105M
2020-06-30	29	$119.1M	100	1LNT 2PCG 3EVRG Top holdings2020-06-30 1.LNT 2.PCG 3.EVRG 4.CNP 5.NEE 6.XECEUR 7.PE1EUR 8.ES 9.WPXUSD 10.87105M
2020-03-31	27	$62.7M	100	1XIFR 2EXC 3NEE Top holdings2020-03-31 1.XIFR 2.EXC 3.NEE 4.87105M 5.EVRG 6.NFG 7.MPC 8.WMB 9.DTE 10.MNRLUSD
2019-12-31	30	$159.4M	100	1XECEUR 2LNG 3PAGP Top holdings2019-12-31 1.XECEUR 2.LNG 3.PAGP 4.EXC 5.NEE 6.LNT 7.XOM 8.MPC 9.UGI 10.DTE
2019-09-30	37	$147.6M	100	1SPY 2WMB 3UGI Top holdings2019-09-30 1.SPY 2.WMB 3.UGI 4.LNG 5.ETRNUSD 6.KEX 7.EXC 8.GTLS 9.MPC 10.NFG
2019-06-30	42	$346.3M	100	1SPY 2NFG 3TRGP Top holdings2019-06-30 1.SPY 2.NFG 3.TRGP 4.LNG 5.ES 6.TELLEUR 7.ETRNUSD 8.XOM 9.MPC 10.ETR
2019-03-31	35	$196.4M	89	1SPY 2MPC 3LNG Top holdings2019-03-31 1.SPY 2.MPC 3.LNG 4.LNT 5.WHD 6.TRGP 7.HAL 8.VST 9.SLB 10.MRO*
2018-12-31	29	$150.6M	0	1LNT 2TEGPUSD 3MPC Top holdings2018-12-31 1.LNT 2.TEGPUSD 3.MPC 4.LNG 5.TRGP 6.NEE 7.ETRNUSD 8.WPXUSD 9.DK 10.CNP

Holding changes this quarter

Yaupon Capital Management LP's most significant position changes for 2026-03-31: Sold out: Ishr Ibx Usd Hiyld Cb Etf-ui (HYG); New buy: Exxon Mobil CORP (XOM); New buy: Amphenol Corp-cl A (APH); New buy: Vistra CORP (VST); New buy: TE Connectivity plc (TEL).

Position changes disclosed by Yaupon Capital Management LP for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	SPY	Ss Spdr S&p 500 ETF Trust-us	+15.8%	+431.58%	Add
2	AWK	American Water Works Co INC	+1.8%	+134.20%	Add
3	HTO	H2o America	+1.5%	+796.47%	Add
4	BKV	Bkv Corporation	+1.1%	+172.05%	Add
5	PEG	Public Service Enterprise Gp	+1%	+182.97%	Add
6	CSX	Csx CORP	+1%	+50.83%	Add
7	CTRA	Coterra Energy INC	+0.7%	+14.41%	Add
8	PBF	Pbf Energy Inc-class A	+0.6%	+22.83%	Add
9	ETR	Entergy CORP	+0.5%	+44.32%	Add
10	HUT	Hut 8 CORP	+0.4%	+68.92%	Add
11	FTI	TechnipFMC plc	-0.8%	-63.47%	Trim
12	TRP	Tc Energy CORP	-0.9%	-39.60%	Trim
13	AES	Aes CORP	-1.2%	-45.02%	Trim
14	BP	Bp Plc-spons Adr	-1.4%	-57.50%	Trim
15	EQT	Eqt CORP	-3.1%	-77.65%	Trim
16	HYG	Ishr Ibx Usd Hiyld Cb Etf-ui	—	EXIT	Sold out
17	XOM	Exxon Mobil CORP	—	NEW	New buy
18	APH	Amphenol Corp-cl A	—	NEW	New buy
19	VST	Vistra CORP	—	NEW	New buy
20	TEL	TE Connectivity plc	—	NEW	New buy
21	PSX	Phillips 66	—	EXIT	Sold out
22	CRH	CRH plc	—	EXIT	Sold out
23	ETN	Eaton Corporation plc	—	EXIT	Sold out
24	PWR	Quanta Services INC	—	EXIT	Sold out
25	FSLR	First Solar INC	—	EXIT	Sold out
26	ROK	Rockwell Automation INC	—	EXIT	Sold out
27	NUE	Nucor CORP	—	EXIT	Sold out
28	CMS	Cms Energy CORP	—	NEW	New buy
29	COP	Conocophillips	—	NEW	New buy
30	XEL	Xcel Energy INC	—	EXIT	Sold out
31	MTZ	Mastec INC	—	EXIT	Sold out
32	TLN	Talen Energy CORP	—	NEW	New buy
33	DTM	Dt Midstream INC	—	NEW	New buy
34	KGS	Kodiak Gas Services INC	—	EXIT	Sold out
35	CHRW	C.h. Robinson Worldwide INC	—	EXIT	Sold out
36	WWD	Woodward INC	—	EXIT	Sold out
37	LYB	LyondellBasell Industries N.V.	—	NEW	New buy
38	CF	Cf Industries Holdings INC	—	EXIT	Sold out
39	VNOM	Viper Energy Inc-cl A	—	NEW	New buy
40	KEX	Kirby CORP	—	NEW	New buy
41	MWH	Solv Energy Inc-cl A	—	NEW	New buy
42	EQNR	Equinor Asa-spon Adr	—	NEW	New buy
43	WFRD	Weatherford International plc	—	EXIT	Sold out
44	XME	Ss Spdr S&p Metals Mining	—	EXIT	Sold out
45	ON	On Semiconductor	—	EXIT	Sold out
46	HAL	Halliburton Co	—	EXIT	Sold out
47	PAGP	Plains Gp Holdings Lp-cl A	—	NEW	New buy
48	CWST	Casella Waste Systems Inc-a	—	EXIT	Sold out
49	CCJ	Cameco CORP	—	EXIT	Sold out
50	L	Loews CORP	—	EXIT	Sold out

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-05-15	13F-HR	View on EDGAR
2025-12-31	2026-02-17	13F-HR	View on EDGAR
2025-09-30	2025-11-14	13F-HR	View on EDGAR
2025-06-30	2025-08-14	13F-HR	View on EDGAR
2025-03-31	2025-05-15	13F-HR	View on EDGAR
2024-12-31	2025-02-14	13F-HR	View on EDGAR
2024-09-30	2024-11-14	13F-HR	View on EDGAR
2024-06-30	2024-08-14	13F-HR	View on EDGAR
2024-03-31	2024-05-15	13F-HR	View on EDGAR
2023-12-31	2024-02-14	13F-HR	View on EDGAR
2023-09-30	2023-11-14	13F-HR	View on EDGAR
2023-06-30	2023-11-28	Amendment	View on EDGAR
2023-06-30	2023-08-14	Amendment	View on EDGAR
2023-06-30	2023-08-14	13F-HR	View on EDGAR
2023-03-31	2023-11-28	Amendment	View on EDGAR
2023-03-31	2023-05-15	13F-HR	View on EDGAR
2022-12-31	2023-11-28	Amendment	View on EDGAR
2022-12-31	2023-02-14	13F-HR	View on EDGAR
2022-09-30	2022-11-14	13F-HR	View on EDGAR
2022-06-30	2022-08-15	13F-HR	View on EDGAR
2022-03-31	2022-05-16	13F-HR	View on EDGAR
2021-12-31	2022-02-14	13F-HR	View on EDGAR
2021-09-30	2022-02-11	Amendment	View on EDGAR
2021-09-30	2021-11-15	13F-HR	View on EDGAR
2021-06-30	2021-08-16	13F-HR	View on EDGAR
2021-03-31	2021-05-17	13F-HR	View on EDGAR
2020-12-31	2021-02-16	13F-HR	View on EDGAR
2020-09-30	2020-11-13	13F-HR	View on EDGAR
2020-06-30	2020-08-14	13F-HR	View on EDGAR
2020-03-31	2020-05-15	13F-HR	View on EDGAR
2019-12-31	2020-02-14	13F-HR	View on EDGAR
2019-09-30	2019-11-14	13F-HR	View on EDGAR
2019-06-30	2019-08-14	13F-HR	View on EDGAR
2019-03-31	2019-05-15	13F-HR	View on EDGAR
2018-12-31	2019-02-14	13F-HR	View on EDGAR

FAQ

What is Yaupon Capital Management LP and what type of investor is it?

Yaupon Capital Management LP is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $3.2B, spread across 98 disclosed positions.

What are Yaupon Capital Management LP's largest equity positions?

Based on the latest 13F filing, Yaupon Capital Management LP's top holdings by market value are: 1. Ss Spdr S&p 500 ETF Trust-us (SPY) — $656.8M (20.5%) 2. Exxon Mobil CORP (XOM) — $141.4M (4.4%) 3. American Water Works Co INC (AWK) — $111.3M (3.5%) 4. Amphenol Corp-cl A (APH) — $101.1M (3.2%) 5. National Fuel Gas Co (NFG) — $98.0M (3.1%)

What changes did Yaupon Capital Management LP make in its most recent portfolio filing?

In the latest reported quarter, Yaupon Capital Management LP made 50 notable position adjustments: 14 new positions were initiated, 10 existing holdings were added to, 5 positions were partially reduced, and 21 were completely exited. The largest of these moves: Sold out: Ishr Ibx Usd Hiyld Cb Etf-ui (HYG); New buy: Exxon Mobil CORP (XOM); New buy: Amphenol Corp-cl A (APH); New buy: Vistra CORP (VST); New buy: TE Connectivity plc (TEL)

What sectors does Yaupon Capital Management LP focus on?

Yaupon Capital Management LP is concentrated in the following sectors based on its current disclosed equity portfolio: • Energy: 44.9% • Utilities: 33.3% • Information Technology: 10.6% • Industrials: 5.4% • Materials: 3.6% • Financials: 1.9%

Peer Institutions

Institutions with a similar AUM

FineMark National Bank & Trust

CIK 0001537720

Total reported value

$3.2B

515 stks

2025-12-31

Stale — no recent filing

Concentration7.3

Portfolio Stability13.1

Sector conviction55.6

AUM within 0.0% of this institution

View detail

SummitTX Capital, L.P.

CIK 0002052310

Total reported value

$3.2B

744 stks

2026-03-31

Concentration11.4

Portfolio Stability96.2

Sector conviction37.4

AUM within 0.0% of this institution

View detail

Karpus Management, Inc.

CIK 0001048703

Total reported value

$3.2B

231 stks

2026-03-31

Concentration8.3

Portfolio Stability40.0

Sector conviction97.9

AUM within 0.1% of this institution

View detail

Similar Holdings Style

Institutions with overlapping top holdings

Conning INC.

CIK 0000801051

Total reported value

$3.0B

311 stks

2026-03-31

Concentration4.0

Portfolio Stability15.4

Sector conviction44.6

2 of the top 5 holdings overlap, including Ss Spdr S&p 500 ETF Trust-us

View detail

Brant Point Investment Management LLC

CIK 0001279030

Total reported value

$775.7M

157 stks

2026-03-31

Concentration21.1

Portfolio Stability40.8

Sector conviction47.3

2 of the top 5 holdings overlap, including Ss Spdr S&p 500 ETF Trust-us

View detail

Trellus Management Company, LLC

CIK 0001307877

Total reported value

$72.8M

55 stks

2023-09-30

Stale — no recent filing

Concentration27.0

Portfolio Stability0.0

Sector conviction89.1

2 of the top 5 holdings overlap, including Ss Spdr S&p 500 ETF Trust-us

View detail

Yaupon Capital Management LP 13F Holdings Breakdown

CIK: 0001755028

Diversified strategyHigh-turnover traderMomentum follower

Total reported value

$3.2B

Reporting period: 2026-03-31 · Number of holdings: 98

Yaupon Capital Management LP disclosed 98 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $3.2B and a quarterly turnover rate of 102.5%.

Browse other institutions with $1B to $10B AUM Browse other institutions starting with "Y"

Personality snowflake

Concentration: 22.38
Portfolio Stability: 100
Momentum/Contrarian: 100
Sector conviction: 98.42
Diversification: 100
Sizing Uniformity: 79.25

Position sizes vary widely across the portfolio (a coefficient of variation of 2.07), 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.

Recent moves

Add SPY
+431.6%　$527.3M
Trim EQT
-77.6%　-$81.2M
Add AWK
+134.2%　$65.7M
Add HTO
+796.5%　$47.6M
Trim BP
-57.5%　-$32.9M
Trim AES
-45.0%　-$28.7M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 94 holdings (of 98 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	SPY	Ss Spdr S&p 500 ETF Trust-us	ETF-Large Cap & Growth	20.50%	+15.82%	+431.58%
2	XOM	Exxon Mobil CORP	Stock-Energy	4.41%	+4.41%	NEW
3	AWK	American Water Works Co INC	Stock-Utilities	3.47%	+1.82%	+134.20%
4	APH	Amphenol Corp-cl A	Stock-Tech	3.16%	+3.16%	NEW
5	NFG	National Fuel Gas Co	Stock-Energy	3.06%	—	-5.67%
6	CSX	Csx CORP	Stock-Industrials	3.01%	+0.97%	+50.83%
7	CTRA	Coterra Energy INC	Stock-Energy	2.97%	+0.72%	+14.41%
8	CVE	Cenovus Energy INC	Stock-Energy	2.37%	—	-34.20%
9	VST	Vistra CORP	Stock-Utilities	2.12%	+2.12%	NEW
10	TEL	TE Connectivity plc	Stock-Tech	2.08%	+2.08%	NEW
11	OVV	Ovintiv INC	Stock-Energy	2.03%	—	-34.77%
12	PR	Permian Resources Corp-cl A	Stock-Energy	2.01%	—	-25.97%
13	BKV	Bkv Corporation	Stock-Other	1.82%	+1.08%	+172.05%
14	NI	Nisource INC	Stock-Utilities	1.81%	—	+4.22%
15	PEG	Public Service Enterprise Gp	Stock-Utilities	1.68%	+1.00%	+182.97%
16	HTO	H2o America	Stock-Other	1.64%	+1.46%	+796.47%
17	BP	Bp Plc-spons Adr	Stock-Energy	1.39%	-1.41%	-57.50%
18	AEE	Ameren Corporation	Stock-Utilities	1.38%	—	-7.27%
19	DUK	Duke Energy CORP	Stock-Utilities	1.38%	—	-23.93%
20	ETR	Entergy CORP	Stock-Utilities	1.37%	+0.47%	+44.32%
21	TRP	Tc Energy CORP	Stock-Energy	1.35%	-0.93%	-39.60%
22	PBF	Pbf Energy Inc-class A	Stock-Energy	1.34%	+0.62%	+22.83%
23	HUT	Hut 8 CORP	Stock-Financials	1.33%	+0.44%	+68.92%
24	SHEL	Shell Plc-adr	Stock-Energy	1.20%	—	-38.43%
25	DTE	Dte Energy Company	Stock-Utilities	1.17%	—	-12.08%
26	CMS	Cms Energy CORP	Stock-Utilities	1.10%	+1.10%	NEW
27	WMB	Williams Cos INC	Stock-Energy	1.09%	—	-35.06%
28	AES	Aes CORP	Stock-Utilities	1.05%	-1.21%	-45.02%
29	TRGP	Targa Resources CORP	Stock-Energy	1.02%	—	-19.32%
30	PNW	Pinnacle West Capital	Stock-Utilities	0.96%	—	-40.38%
31	EQT	Eqt CORP	Stock-Energy	0.92%	-3.08%	-77.65%
32	CNP	Centerpoint Energy INC	Stock-Utilities	0.89%	—	-19.03%
33	COHR	Coherent CORP	Stock-Tech	0.87%	—	+30.99%
34	COP	Conocophillips	Stock-Energy	0.87%	+0.87%	NEW
35	TBN	Tamboran Resources CORP	Stock-Other	0.84%	—	+3.81%
36	TLN	Talen Energy CORP	Stock-Utilities	0.79%	+0.79%	NEW
37	DTM	Dt Midstream INC	Stock-Energy	0.79%	+0.79%	NEW
38	MTDR	Matador Resources Co	Stock-Energy	0.77%	—	-46.33%
39	FTI	TechnipFMC plc	Stock-Energy	0.74%	-0.78%	-63.47%
40	TAC	Transalta CORP	Stock-Other	0.73%	—	+38.56%
41	LYB	LyondellBasell Industries N.V.	Stock-Materials	0.71%	+0.71%	NEW
42	XIFR	Xplr Infrastructure LP	Stock-Utilities	0.71%	—	+91.28%
43	VNOM	Viper Energy Inc-cl A	Stock-Energy	0.70%	+0.70%	NEW
44	KEX	Kirby CORP	Stock-Industrials	0.69%	+0.69%	NEW
45	MWH	Solv Energy Inc-cl A	Stock-Other	0.68%	+0.68%	NEW
46	EQNR	Equinor Asa-spon Adr	Stock-Energy	0.66%	+0.66%	NEW
47	B	Barrick Mining CORP	Stock-Materials	0.60%	—	-5.35%
48	PAGP	Plains Gp Holdings Lp-cl A	Stock-Energy	0.59%	+0.59%	NEW
49	BKH	Black Hills CORP	Stock-Utilities	0.53%	—	+77.50%
50	IDA	Idacorp INC	Stock-Utilities	0.50%	—	+59.81%

1–50 of 94

Portfolio Performance

Performance for Q3 2026

-2%

Performance Last 4 Quarters

+34.5%

Based on 71% of reported portfolio value with available pricing

Stdev: +14.4%
Beta: +0.59
Alpha: +9.2%
Max Drawdown: -11%
Annualized Perf: +20.8%
Batting Avg vs S&P: +50%
Sortino: +3.27
Stutzer: +0.42
Treynor: +0.34
Sterling: +1.26
Calmar: +1.88
Information Ratio: +0.12
Tracking Error: +13.3%
Stdev Down: +6.1%
Winning Months %: +61.1%
Losing Months %: +38.9%
Best 12 Months: +66.6%
Worst 12 Months: +5.2%
Efficiency Ratio: +0.58
Sharpe: +1.39
Stdev Sectors: +16.3%
Skewness: +0.32
Kurtosis: -0.81
Upside Potential: +5.19

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	98	$3.2B	100	1SPY 2XOM 3AWK Top holdings2026-03-31 1.SPY 2.XOM 3.AWK 4.APH 5.NFG 6.CSX 7.CTRA 8.CVE 9.VST 10.TEL
2025-12-31	108	$2.8B	94	1HYG 2SPY 3EQT Top holdings2025-12-31 1.HYG 2.SPY 3.EQT 4.NFG 5.BP 6.CVE 7.PSX 8.OVV 9.CRH 10.TRP
2025-09-30	113	$2.6B	100	1SPY 2EOG 3AES Top holdings2025-09-30 1.SPY 2.EOG 3.AES 4.BP 5.AWK 6.EQT 7.HAL 8.VG 9.SHEL 10.PR
2025-06-30	116	$2.2B	0	1D 2XLU 3HYG Top holdings2025-06-30 1.D 2.XLU 3.HYG 4.BP 5.SHEL 6.EVRG 7.DOW 8.CVE 9.AEP 10.EXE
2025-03-31	86	$2.0B	100	1AEP 2XLU 3SLB Top holdings2025-03-31 1.AEP 2.XLU 3.SLB 4.ETN 5.BP 6.SHEL 7.NEXT 8.OVV 9.ETR 10.OKE
2024-12-31	110	$2.4B	0	1CEG 2XEL 3HYG Top holdings2024-12-31 1.CEG 2.XEL 3.HYG 4.PCG 5.SPY 6.BP 7.ED 8.ETN 9.NFG 10.TRP
2024-09-30	92	$1.8B	0	1TECK 2XLU 3XOP Top holdings2024-09-30 1.TECK 2.XLU 3.XOP 4.TRGP 5.PR 6.EQT 7.FANG 8.BKR 9.SHEL 10.OKE
2024-06-30	99	$2.0B	0	1SPY 2POR 3PSX Top holdings2024-06-30 1.SPY 2.POR 3.PSX 4.CVX 5.TECK 6.EOG 7.HES 8.TRP 9.NFG 10.CVE
2024-03-31	104	$2.0B	0	1SPY 2XLE 3TECK Top holdings2024-03-31 1.SPY 2.XLE 3.TECK 4.ETRNUSD 5.CVE 6.SU 7.PXDEUR 8.NEXT 9.MPC 10.VLO
2023-12-31	100	$1.2B	0	1SPY 2ETRNUSD 3SHEL Top holdings2023-12-31 1.SPY 2.ETRNUSD 3.SHEL 4.TECK 5.LNG 6.MPC 7.HYG 8.CVE 9.NEXT 10.PR
2023-09-30	114	$1.1B	0	1OKE 2PXDEUR 3XOM Top holdings2023-09-30 1.OKE 2.PXDEUR 3.XOM 4.PSX 5.SHEL 6.D 7.MPC 8.TECK 9.PR 10.LNG
2023-06-30	94	$784.5M	—	1D 2DENUSD 3TRGP Top holdings2023-06-30 1.D 2.DENUSD 3.TRGP 4.PXDEUR 5.CVE 6.BG 7.DTE 8.TECK 9.VLO 10.WM
2023-03-31	105	$829.3M	—	1DENUSD 2VLO 3CVX Top holdings2023-03-31 1.DENUSD 2.VLO 3.CVX 4.D 5.PSX 6.SPY 7.XOM 8.MPC 9.DTE 10.SHEL
2022-12-31	90	$635.2M	—	1SPY 2MPC 3DENUSD Top holdings2022-12-31 1.SPY 2.MPC 3.DENUSD 4.TRGP 5.DAR 6.GTLS 7.CF 8.DTE 9.TECK 10.CVE
2022-09-30	87	$466.1M	0	1SPY 2DENUSD 3VLO Top holdings2022-09-30 1.SPY 2.DENUSD 3.VLO 4.OIH 5.XOM 6.TPG 7.TECK 8.OVV 9.PSX 10.TRGP
2022-06-30	73	$284.3M	0	1NEE 2TPG 3FE Top holdings2022-06-30 1.NEE 2.TPG 3.FE 4.DENUSD 5.MPC 6.DTE 7.ETR 8.SU 9.TECK 10.NI
2022-03-31	64	$184.5M	0	1TPG 2DENUSD 3GTLS Top holdings2022-03-31 1.TPG 2.DENUSD 3.GTLS 4.DTE 5.FSLR 6.OVV 7.SU 8.PLL 9.HESM 10.G9461B
2021-12-31	69	$178.1M	0	1TPG 2DENUSD 3LNG Top holdings2021-12-31 1.TPG 2.DENUSD 3.LNG 4.TXNM 5.FSLR 6.OVV 7.BG 8.CNP 9.G9461B 10.SU
2021-09-30	61	$169.7M	0	124279D2SPY 3EQT Top holdings2021-09-30 1.24279D 2.SPY 3.EQT 4.LNT 5.DENUSD 6.FSLR 7.STEM 8.OVV 9.66516U 10.EXC
2021-06-30	53	$180.9M	100	124279D2739190370U Top holdings2021-06-30 1.24279D 2.739190 3.70U 4.CNP 5.LNT 6.STEM 7.ENB 8.EXC 9.SU 10.TPG
2021-03-31	61	$117.7M	100	17391902DENUSD 3CEQPUSD Top holdings2021-03-31 1.739190 2.DENUSD 3.CEQPUSD 4.PARR 5.NGAB-U 6.EQT 7.HESM 8.855179 9.G8633T 10.XECEUR
2020-12-31	46	$185.7M	100	1SPY2G8598Y3G7307X Top holdings2020-12-31 1.SPY 2.G8598Y 3.G7307X 4.CNP 5.XECEUR 6.XIFR 7.AEBA 8.BG 9.LNT 10.EQT
2020-09-30	31	$82.3M	100	1STPK-U 2HYG3G8598Y Top holdings2020-09-30 1.STPK-U 2.HYG 3.G8598Y 4.PEG 5.EXC 6.CLII-U 7.EVRG 8.NEE 9.APD 10.87105M
2020-06-30	29	$119.1M	100	1LNT 2PCG 3EVRG Top holdings2020-06-30 1.LNT 2.PCG 3.EVRG 4.CNP 5.NEE 6.XECEUR 7.PE1EUR 8.ES 9.WPXUSD 10.87105M
2020-03-31	27	$62.7M	100	1XIFR 2EXC 3NEE Top holdings2020-03-31 1.XIFR 2.EXC 3.NEE 4.87105M 5.EVRG 6.NFG 7.MPC 8.WMB 9.DTE 10.MNRLUSD
2019-12-31	30	$159.4M	100	1XECEUR 2LNG 3PAGP Top holdings2019-12-31 1.XECEUR 2.LNG 3.PAGP 4.EXC 5.NEE 6.LNT 7.XOM 8.MPC 9.UGI 10.DTE
2019-09-30	37	$147.6M	100	1SPY 2WMB 3UGI Top holdings2019-09-30 1.SPY 2.WMB 3.UGI 4.LNG 5.ETRNUSD 6.KEX 7.EXC 8.GTLS 9.MPC 10.NFG
2019-06-30	42	$346.3M	100	1SPY 2NFG 3TRGP Top holdings2019-06-30 1.SPY 2.NFG 3.TRGP 4.LNG 5.ES 6.TELLEUR 7.ETRNUSD 8.XOM 9.MPC 10.ETR
2019-03-31	35	$196.4M	89	1SPY 2MPC 3LNG Top holdings2019-03-31 1.SPY 2.MPC 3.LNG 4.LNT 5.WHD 6.TRGP 7.HAL 8.VST 9.SLB 10.MRO*
2018-12-31	29	$150.6M	0	1LNT 2TEGPUSD 3MPC Top holdings2018-12-31 1.LNT 2.TEGPUSD 3.MPC 4.LNG 5.TRGP 6.NEE 7.ETRNUSD 8.WPXUSD 9.DK 10.CNP

Holding changes this quarter

Position changes disclosed by Yaupon Capital Management LP for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	SPY	Ss Spdr S&p 500 ETF Trust-us	+15.8%	+431.58%	Add
2	AWK	American Water Works Co INC	+1.8%	+134.20%	Add
3	HTO	H2o America	+1.5%	+796.47%	Add
4	BKV	Bkv Corporation	+1.1%	+172.05%	Add
5	PEG	Public Service Enterprise Gp	+1%	+182.97%	Add
6	CSX	Csx CORP	+1%	+50.83%	Add
7	CTRA	Coterra Energy INC	+0.7%	+14.41%	Add
8	PBF	Pbf Energy Inc-class A	+0.6%	+22.83%	Add
9	ETR	Entergy CORP	+0.5%	+44.32%	Add
10	HUT	Hut 8 CORP	+0.4%	+68.92%	Add
11	FTI	TechnipFMC plc	-0.8%	-63.47%	Trim
12	TRP	Tc Energy CORP	-0.9%	-39.60%	Trim
13	AES	Aes CORP	-1.2%	-45.02%	Trim
14	BP	Bp Plc-spons Adr	-1.4%	-57.50%	Trim
15	EQT	Eqt CORP	-3.1%	-77.65%	Trim
16	HYG	Ishr Ibx Usd Hiyld Cb Etf-ui	—	EXIT	Sold out
17	XOM	Exxon Mobil CORP	—	NEW	New buy
18	APH	Amphenol Corp-cl A	—	NEW	New buy
19	VST	Vistra CORP	—	NEW	New buy
20	TEL	TE Connectivity plc	—	NEW	New buy
21	PSX	Phillips 66	—	EXIT	Sold out
22	CRH	CRH plc	—	EXIT	Sold out
23	ETN	Eaton Corporation plc	—	EXIT	Sold out
24	PWR	Quanta Services INC	—	EXIT	Sold out
25	FSLR	First Solar INC	—	EXIT	Sold out
26	ROK	Rockwell Automation INC	—	EXIT	Sold out
27	NUE	Nucor CORP	—	EXIT	Sold out
28	CMS	Cms Energy CORP	—	NEW	New buy
29	COP	Conocophillips	—	NEW	New buy
30	XEL	Xcel Energy INC	—	EXIT	Sold out
31	MTZ	Mastec INC	—	EXIT	Sold out
32	TLN	Talen Energy CORP	—	NEW	New buy
33	DTM	Dt Midstream INC	—	NEW	New buy
34	KGS	Kodiak Gas Services INC	—	EXIT	Sold out
35	CHRW	C.h. Robinson Worldwide INC	—	EXIT	Sold out
36	WWD	Woodward INC	—	EXIT	Sold out
37	LYB	LyondellBasell Industries N.V.	—	NEW	New buy
38	CF	Cf Industries Holdings INC	—	EXIT	Sold out
39	VNOM	Viper Energy Inc-cl A	—	NEW	New buy
40	KEX	Kirby CORP	—	NEW	New buy
41	MWH	Solv Energy Inc-cl A	—	NEW	New buy
42	EQNR	Equinor Asa-spon Adr	—	NEW	New buy
43	WFRD	Weatherford International plc	—	EXIT	Sold out
44	XME	Ss Spdr S&p Metals Mining	—	EXIT	Sold out
45	ON	On Semiconductor	—	EXIT	Sold out
46	HAL	Halliburton Co	—	EXIT	Sold out
47	PAGP	Plains Gp Holdings Lp-cl A	—	NEW	New buy
48	CWST	Casella Waste Systems Inc-a	—	EXIT	Sold out
49	CCJ	Cameco CORP	—	EXIT	Sold out
50	L	Loews CORP	—	EXIT	Sold out

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-05-15	13F-HR	View on EDGAR
2025-12-31	2026-02-17	13F-HR	View on EDGAR
2025-09-30	2025-11-14	13F-HR	View on EDGAR
2025-06-30	2025-08-14	13F-HR	View on EDGAR
2025-03-31	2025-05-15	13F-HR	View on EDGAR
2024-12-31	2025-02-14	13F-HR	View on EDGAR
2024-09-30	2024-11-14	13F-HR	View on EDGAR
2024-06-30	2024-08-14	13F-HR	View on EDGAR
2024-03-31	2024-05-15	13F-HR	View on EDGAR
2023-12-31	2024-02-14	13F-HR	View on EDGAR
2023-09-30	2023-11-14	13F-HR	View on EDGAR
2023-06-30	2023-11-28	Amendment	View on EDGAR
2023-06-30	2023-08-14	Amendment	View on EDGAR
2023-06-30	2023-08-14	13F-HR	View on EDGAR
2023-03-31	2023-11-28	Amendment	View on EDGAR
2023-03-31	2023-05-15	13F-HR	View on EDGAR
2022-12-31	2023-11-28	Amendment	View on EDGAR
2022-12-31	2023-02-14	13F-HR	View on EDGAR
2022-09-30	2022-11-14	13F-HR	View on EDGAR
2022-06-30	2022-08-15	13F-HR	View on EDGAR
2022-03-31	2022-05-16	13F-HR	View on EDGAR
2021-12-31	2022-02-14	13F-HR	View on EDGAR
2021-09-30	2022-02-11	Amendment	View on EDGAR
2021-09-30	2021-11-15	13F-HR	View on EDGAR
2021-06-30	2021-08-16	13F-HR	View on EDGAR
2021-03-31	2021-05-17	13F-HR	View on EDGAR
2020-12-31	2021-02-16	13F-HR	View on EDGAR
2020-09-30	2020-11-13	13F-HR	View on EDGAR
2020-06-30	2020-08-14	13F-HR	View on EDGAR
2020-03-31	2020-05-15	13F-HR	View on EDGAR
2019-12-31	2020-02-14	13F-HR	View on EDGAR
2019-09-30	2019-11-14	13F-HR	View on EDGAR
2019-06-30	2019-08-14	13F-HR	View on EDGAR
2019-03-31	2019-05-15	13F-HR	View on EDGAR
2018-12-31	2019-02-14	13F-HR	View on EDGAR