13F HOLDINGS REPORT
Yaupon Capital Management LP
Quarter ended Q4 2025 · Filed February 17, 2026 · Accession 0001755028-26-000002
Total Value
$2.77B
Positions
108
Other Managers
0
Confidential Omitted
No
Holdings (108)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | ISHARES TR | 464288513 | 2,050,300 | $165.3M | 5.98% |
| 2 | SPDR S&P 500 ETF TR | SPY | 190,000 | $129.6M | 4.68% |
| 3 | NATIONAL FUEL GAS CO | NFG | 1,105,979 | $88.5M | 3.20% |
| 4 | EQT CORP | EQT | 1,466,600 | $78.6M | 2.84% |
| 5 | BP PLC | BPPFF | 2,231,295 | $77.5M | 2.80% |
| 6 | CENOVUS ENERGY INC | CVE | 4,346,820 | $73.5M | 2.66% |
| 7 | PHILLIPS 66 | PSX | 512,500 | $66.1M | 2.39% |
| 8 | OVINTIV INC | OVV | 1,681,188 | $65.9M | 2.38% |
| 9 | CRH PLC | CRH | 505,713 | $63.1M | 2.28% |
| 10 | TC ENERGY CORP | TRPRF | 1,143,027 | $62.9M | 2.28% |
| 11 | AES CORP | AES | 4,357,456 | $62.5M | 2.26% |
| 12 | COTERRA ENERGY INC | CTRA | 2,369,315 | $62.4M | 2.25% |
| 13 | PERMIAN RESOURCES CORP | PR | 4,082,966 | $57.3M | 2.07% |
| 14 | CSX CORP | CSX | 1,559,664 | $56.5M | 2.04% |
| 15 | DUKE ENERGY CORP NEW | DUKB | 443,963 | $52.0M | 1.88% |
| 16 | NISOURCE INC | NI | 1,192,609 | $49.8M | 1.80% |
| 17 | SHELL PLC | RYDAF | 668,736 | $49.1M | 1.78% |
| 18 | EATON CORP PLC | ETN | 152,500 | $48.6M | 1.76% |
| 19 | AMERICAN WTR WKS CO INC NEW | 030420103 | 349,233 | $45.6M | 1.65% |
| 20 | PINNACLE WEST CAP CORP | PNW | 511,553 | $45.4M | 1.64% |
| 21 | WILLIAMS COS INC | 969457100 | 740,946 | $44.5M | 1.61% |
| 22 | AMEREN CORP | AEE | 434,497 | $43.4M | 1.57% |
| 23 | QUANTA SVCS INC | 74762E102 | 100,000 | $42.2M | 1.53% |
| 24 | TECHNIPFMC PLC | FTI | 943,230 | $42.0M | 1.52% |
| 25 | DTE ENERGY CO | DTK | 290,679 | $37.5M | 1.36% |
| 26 | FIRST SOLAR INC | FSLR | 140,000 | $36.6M | 1.32% |
| 27 | ROCKWELL AUTOMATION INC | ROK | 93,793 | $36.5M | 1.32% |
| 28 | NUCOR CORP | NUE | 216,764 | $35.4M | 1.28% |
| 29 | EQT CORP | EQT | 595,738 | $31.9M | 1.15% |
| 30 | CENTERPOINT ENERGY INC | CNP | 811,982 | $31.1M | 1.13% |
| 31 | MATADOR RES CO | MTDR | 726,504 | $30.8M | 1.11% |
| 32 | TARGA RES CORP | TRGP | 162,147 | $29.9M | 1.08% |
| 33 | XCEL ENERGY INC | XELLL | 370,200 | $27.3M | 0.99% |
| 34 | MASTEC INC | MTZ | 116,993 | $25.4M | 0.92% |
| 35 | ENTERGY CORP NEW | ENO | 269,935 | $25.0M | 0.90% |
| 36 | HUT 8 CORP | HUT | 536,522 | $24.6M | 0.89% |
| 37 | KODIAK GAS SVCS INC | 50012A108 | 646,131 | $24.2M | 0.87% |
| 38 | C H ROBINSON WORLDWIDE INC | CHRW | 147,360 | $23.7M | 0.86% |
| 39 | MDU RES GROUP INC | 552690109 | 1,200,000 | $23.4M | 0.85% |
| 40 | WOODWARD INC | WWD | 76,017 | $23.0M | 0.83% |
| 41 | CF INDS HLDGS INC | 125269100 | 293,500 | $22.7M | 0.82% |
| 42 | BARRICK MNG CORP | 06849F108 | 497,043 | $21.6M | 0.78% |
| 43 | NEXTDECADE CORP | NEXT | 4,000,000 | $21.1M | 0.76% |
| 44 | HUDBAY MINERALS INC | HBM | 1,051,553 | $20.9M | 0.75% |
| 45 | WEATHERFORD INTL PLC | G48833118 | 266,463 | $20.9M | 0.75% |
| 46 | SPDR SERIES TRUST | 78464A755 | 200,000 | $20.7M | 0.75% |
| 47 | BKV CORP | BKV | 750,000 | $20.4M | 0.74% |
| 48 | PBF ENERGY INC | PBF | 732,700 | $19.9M | 0.72% |
| 49 | ON SEMICONDUCTOR CORP | ON | 353,580 | $19.1M | 0.69% |
| 50 | PUBLIC SVC ENTERPRISE GRP IN | 744573106 | 235,282 | $18.9M | 0.68% |
| 51 | HALLIBURTON CO | HAL | 668,506 | $18.9M | 0.68% |
| 52 | CASELLA WASTE SYS INC | CWST | 192,855 | $18.9M | 0.68% |
| 53 | CAMECO CORP | CCJ | 205,000 | $18.8M | 0.68% |
| 54 | LOEWS CORP | L | 176,832 | $18.6M | 0.67% |
| 55 | TECK RESOURCES LTD | TCKRF | 360,905 | $17.3M | 0.62% |
| 56 | LEGENCE CORP | LGN | 399,817 | $17.2M | 0.62% |
| 57 | COHERENT CORP | COHR | 89,187 | $16.5M | 0.60% |
| 58 | DOW INC | DOW | 700,000 | $16.4M | 0.59% |
| 59 | TRANSALTA CORP | TACPF | 1,290,906 | $16.3M | 0.59% |
| 60 | TXNM ENERGY INC | TXNM | 260,165 | $15.3M | 0.55% |
| 61 | EVERGY INC | EVRG | 210,050 | $15.2M | 0.55% |
| 62 | KARBON CAP PARTNERS CORP | G5225W126 | 1,470,000 | $14.8M | 0.54% |
| 63 | CATERPILLAR INC | CAT | 25,641 | $14.7M | 0.53% |
| 64 | RICE ACQUISITION CORP 3 | KRSP-WT | 1,425,829 | $14.6M | 0.53% |
| 65 | SOLSTICE ADVANCED MATLS INC | 83443Q103 | 291,261 | $14.1M | 0.51% |
| 66 | TAMBORAN RES CORP | TBNRL | 515,544 | $14.0M | 0.51% |
| 67 | VENTURE GLOBAL INC | VG | 2,028,700 | $13.8M | 0.50% |
| 68 | SHOALS TECHNOLOGIES GROUP IN | SHLS | 1,558,888 | $13.3M | 0.48% |
| 69 | OGE ENERGY CORP | OGE | 300,000 | $12.8M | 0.46% |
| 70 | RIO TINTO PLC | RTNTF | 152,955 | $12.2M | 0.44% |
| 71 | XPLR INFRASTRUCTURE LP | NEE-PW | 1,115,540 | $11.2M | 0.40% |
| 72 | ALUSSA ENERGY ACQUISITION CO | ALUB-WT | 1,100,000 | $11.1M | 0.40% |
| 73 | HF SINCLAIR CORP | DINO | 237,671 | $11.0M | 0.40% |
| 74 | TALON CAP CORP | TLNCW | 1,000,000 | $10.3M | 0.37% |
| 75 | WATERBRIDGE INFRASTRUCTURE L | WBI | 497,046 | $9.9M | 0.36% |
| 76 | PATTERSON-UTI ENERGY INC | PTEN | 1,617,799 | $9.9M | 0.36% |
| 77 | BLACK HILLS CORP | BKH | 138,958 | $9.6M | 0.35% |
| 78 | IDACORP INC | IDA | 70,513 | $8.9M | 0.32% |
| 79 | TESLA INC | TSLA | 19,593 | $8.8M | 0.32% |
| 80 | NORFOLK SOUTHN CORP | 655844108 | 30,407 | $8.8M | 0.32% |
| 81 | WOLFSPEED INC | WOLF | 449,973 | $7.8M | 0.28% |
| 82 | OR ROYALTIES INC. | OR | 205,228 | $7.3M | 0.26% |
| 83 | CLEARWAY ENERGY INC | CWEN-A | 229,398 | $7.2M | 0.26% |
| 84 | INFINITY NAT RES INC | 456941103 | 467,360 | $6.9M | 0.25% |
| 85 | NEXTDECADE CORP | NEXT | 1,233,976 | $6.5M | 0.24% |
| 86 | NORTHWESTERN ENERGY GROUP IN | NWE | 100,624 | $6.5M | 0.23% |
| 87 | KIMBELL RTY PARTNERS LP | 49435R102 | 496,638 | $5.8M | 0.21% |
| 88 | ADVANCED DRAIN SYS INC DEL | 00790R104 | 40,120 | $5.8M | 0.21% |
| 89 | KINETIK HOLDINGS INC | KNTK | 158,069 | $5.7M | 0.21% |
| 90 | ALGONQUIN PWR UTILS CORP | 015857105 | 866,736 | $5.3M | 0.19% |
| 91 | RAMACO RES INC | METCZ | 6,000 | $5.1M | 0.18% |
| 92 | HAWAIIAN ELEC INDUSTRIES | 419870100 | 413,497 | $5.1M | 0.18% |
| 93 | H2O AMERICA | HTO | 99,884 | $4.9M | 0.18% |
| 94 | PERPETUA RESOURCES CORP | PPTA | 190,481 | $4.6M | 0.17% |
| 95 | SABLE OFFSHORE CORP | SOC | 449,215 | $4.1M | 0.15% |
| 96 | CANTOR EQUITY PARTNERS IV IN | G1828E100 | 309,694 | $3.2M | 0.12% |
| 97 | FTAI AVIATION LTD | FTAIN | 14,348 | $2.8M | 0.10% |
| 98 | LANDBRIDGE COMPANY LLC | LB | 51,258 | $2.5M | 0.09% |
| 99 | AEVA TECHNOLOGIES INC | AEVA | 170,832 | $2.3M | 0.08% |
| 100 | TALOS ENERGY INC | TALO | 200,000 | $2.2M | 0.08% |
| 101 | AURORA INNOVATION INC | AUROW | 489,855 | $1.9M | 0.07% |
| 102 | OPAL FUELS INC | OPAL | 767,234 | $1.8M | 0.07% |
| 103 | CADELER A S | CDLR | 93,451 | $1.7M | 0.06% |
| 104 | PYROPHYTE ACQUISITION CORP. | PAII-WT | 20,708 | $208,322 | 0.01% |
| 105 | RAMACO RES INC | METCZ | 11,173 | $201,114 | 0.01% |
| 106 | RICE ACQUISITION CORP 3 | KRSP-WT | 237,637 | $190,110 | 0.01% |
| 107 | CANTOR EQUITY PARTNERS V INC | CEPV | 10,251 | $105,073 | 0.00% |
| 108 | PYROPHYTE ACQUISITION CORP. | PAII-WT | 10,354 | $4,142 | 0.00% |