Q2 2026 13F · SEC CIK 1755028

Yaupon Capital Management LP

Hedge fundFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $3.0B
Reported positions: 109
Top holdings a year, 3 yrs: +24.2%
Assets under management: $4.7B

Yaupon Capital Management LP is a hedge fund that reported 109 positions worth $3.0B in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were National Fuel Gas Co NJ (NFG, 4.0%), Devon Energy Corp (DVN, 2.9%), Nisource Inc (NI, 2.8%). A portfolio copying its top holdings returned 24.2% a year over the last 3 years, against 21.8% for the S&P 500.

Yaupon Capital Management LP holdings largest 50 of 109 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Yaupon Capital Management LP 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
NFGNational Fuel Gas Co NJ	4.0%	4.8%	1,559,618	+49.5%	$120.4M
DVNDevon Energy Corp	2.9%	—	2,102,988	—	$86.9M
NINisource Inc	2.8%	2.9%	1,749,831	+40.8%	$83.2M
OVVOvintiv Inc	2.7%	3.2%	1,540,608	+40.5%	$81.1M
WMBWilliams Companies	2.7%	1.7%	1,088,549	+126.2%	$80.9M
BKVBkv Corp	2.5%	2.9%	2,768,719	+35.7%	$75.8M
VSTVistra Corp Com	2.5%	3.4%	470,483	+4.2%	$74.6M
TLNTalen Energy Corp	2.5%	1.2%	193,647	+144.6%	$74.4M
CVECenovus Energy Inc	2.4%	3.7%	2,891,599	+1.1%	$71.7M
ETREntergy Corp.	2.4%	1.1%	615,956	+224.9%	$70.7M
FSLRFirst Solar Inc Com	2.1%	—	272,379	—	$64.3M
PRPermian Resources Corp	2.1%	3.2%	3,367,361	+11.4%	$62.0M
PEGPublic Service Enterprise Group Inc	1.9%	2.7%	706,023	+6.0%	$57.3M
DUKDuke Energy	1.9%	2.2%	449,340	+33.0%	$56.9M
AEPAmerican Elec Pwr Co Inc	1.9%	—	412,431	—	$56.4M
FPSForgent Power Solutions Inc	1.9%	—	1,000,000	—	$55.9M
LGNLegence Corp	1.8%	—	627,256	—	$53.5M
SJWH2o America	1.7%	2.6%	851,846	-4.9%	$51.8M
KNTKKinetik Holdings Inc	1.6%	—	1,002,184	—	$48.4M
DTEDte Energy Co	1.5%	1.8%	297,977	+16.6%	$45.4M
DINOHf Sinclair Corp	1.5%	—	639,708	—	$44.6M
AWKAmerican Water Works Co. Inc.	1.5%	2.1%	333,442	+4.9%	$43.9M
FCXFreeport Mcmoran Inc Cl B	1.5%	—	691,546	—	$43.5M
CSXCsx Corp Com	1.4%	2.7%	908,799	-32.8%	$43.2M
FDXFFedex Fght Hldg Co Inc	1.4%	—	277,234	—	$41.9M
ARAntero Resources Corp	1.4%	—	1,184,416	—	$41.6M
NBISNebius Group N.v. Shs Class A	1.4%	—	146,543	—	$40.5M
RRXRegal Rexnord Corp.	1.3%	—	163,233	—	$38.9M
LNGCheniere Energy Inc	1.3%	—	160,123	—	$38.3M
DTMDt Midstream Inc Common Stock	1.3%	1.2%	258,344	+38.1%	$37.9M
HUTHut 8 Corp	1.3%	2.1%	328,319	-63.8%	$37.9M
EQTEQT Corp	1.3%	1.4%	709,535	+53.9%	$37.7M
NSCNorfolk Southn Corp	1.3%	—	119,479	—	$37.6M
STMStmicroelectronics N V Ny Registry	1.2%	—	495,223	—	$37.1M
TRGPTarga Res Corp	1.2%	1.6%	137,392	+5.0%	$36.8M
PRIMPrimoris Svcs Corp	1.2%	—	366,972	—	$36.4M
ATIAti Inc	1.2%	—	180,204	—	$35.5M
CMICummins Inc	1.2%	—	48,996	—	$34.9M
BPBp PLC Sponsored ADR ADR	1.2%	2.2%	942,850	-0.6%	$34.8M
BKHBlack Hills	1.1%	0.8%	458,430	+85.9%	$34.1M
PAGPPlains Gp Hldgs L P	1.1%	0.9%	1,354,670	+74.1%	$32.9M
AEEAmeren Corp	1.1%	2.2%	284,065	-29.5%	$32.1M
DPCDpc Holdings PLC	1.0%	—	619,542	—	$30.0M
UNPUnion Pac Corp	1.0%	—	108,219	—	$29.4M
TACTransalta Corp	1.0%	1.2%	2,065,064	+15.5%	$28.6M
DEDeere & Co Com	0.9%	—	44,193	—	$28.0M
CIFRCipher Mining Inc	0.9%	—	1,091,463	—	$26.7M
VLOValero Energy Corp	0.9%	—	101,156	—	$26.3M
MWHSolv Energy Inc	0.9%	1.1%	750,000	+3.4%	$25.5M
VNOMViper Energy Inc	0.8%	1.1%	555,319	+16.4%	$23.5M

What Yaupon Capital Management LP bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

ETR Entergy Corp.+224.9% shares
TLN Talen Energy Corp+144.6% shares
WMB Williams Companies+126.2% shares
BKH Black Hills+85.9% shares
PAGP Plains Gp Hldgs L P+74.1% shares
EQT EQT Corp+53.9% shares
NFG National Fuel Gas Co NJ+49.5% shares
NI Nisource Inc+40.8% shares

Reduced

HUT Hut 8 Corp-63.8% shares
CSX Csx Corp Com-32.8% shares
AEE Ameren Corp-29.5% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +25.6% /yr; S&P 500 +20.1%
3 years: +24.2% /yr; S&P 500 +21.8%
5 years: +17.6% /yr; S&P 500 +10.7%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$3.0B	109
Q1 2026	$2.0B	87
Q4 2025	$2.0B	91
Q3 2025	$1.9B	93
Q2 2025	$1.5B	83
Q1 2025	$1.4B	67
Q4 2024	$1.6B	88
Q3 2024	$1.5B	78
Q2 2024	$1.1B	76
Q1 2024	$1.2B	80
Q4 2023	$922.3M	86
Q3 2023	$884.0M	100

Questions about Yaupon Capital Management LP's portfolio

What stocks does Yaupon Capital Management LP own?

Yaupon Capital Management LP's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 109 positions worth $3.0B. The largest are National Fuel Gas Co NJ (NFG) at 4.0%, Devon Energy Corp (DVN) at 2.9%, Nisource Inc (NI) at 2.8%, Ovintiv Inc (OVV) at 2.7% and Williams Companies (WMB) at 2.7%.

What did Yaupon Capital Management LP buy last quarter?

In Q2 2026, Yaupon Capital Management LP added Entergy Corp. (ETR) (+224.9% shares), Talen Energy Corp (TLN) (+144.6% shares) and Williams Companies (WMB) (+126.2% shares), compared with its Q1 2026 filing.

What did Yaupon Capital Management LP sell last quarter?

In Q2 2026, Yaupon Capital Management LP cut from its top 50 Coterra Energy Inc (COG), cut from its top 50 Tc Energy Corp (TRP), cut from its top 50 Shell PLC (SHEL), cut from its top 50 Cms Energy Corp (CMS), cut from its top 50 Aes Corp (AES), Hut 8 Corp (HUT) (-63.8% shares), Csx Corp Com (CSX) (-32.8% shares) and Ameren Corp (AEE) (-29.5% shares), compared with its Q1 2026 filing.

How has Yaupon Capital Management LP's portfolio performed?

A portfolio copying Yaupon Capital Management LP's 20 largest 13F holdings each quarter, from the day each filing was public, returned +24.2% a year over the last 3 years, against +21.8% for the S&P 500. Over 1 year: +25.6% against +20.1%. Over 5 years: +17.6% a year against +10.7%.

When is Yaupon Capital Management LP's next 13F filing due?

13F filings are due 45 days after each quarter ends. Yaupon Capital Management LP's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Yaupon Capital Management LP manage?

Yaupon Capital Management LP reported $4.7B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $3.0B.