Institutional Manager · CIK 0001755028

Yaupon Capital Management LP

NEW YORK, NY · File #028-19371

Latest AUM

$2.77B

Positions

108

Top-10 Concentration

38.8%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
NEW	ISHARES TR	464288513	+2,050,300	+$165.3M	$0
EXITED	EOG RES INC	26875P101	-1,000,000	-$112.1M	$0
ADD	NATIONAL FUEL GAS CO	NFG	+927,873	+$74.3M	-$2.2M
NEW	PHILLIPS 66	PSX	+512,500	+$66.1M	$0
NEW	CRH PLC	CRH	+505,713	+$63.1M	$0
NEW	COTERRA ENERGY INC	CTRA	+2,369,315	+$62.4M	$0
NEW	CSX CORP	CSX	+1,559,664	+$56.5M	$0
EXITED	CHENIERE ENERGY INC	16411R208	-230,002	-$54.0M	$0
ADD	EQT CORP	EQT	+966,600	+$51.8M	-$415,000
NEW	NISOURCE INC	NI	+1,192,609	+$49.8M	$0

Sector Allocation

28.6%$791.6M

11.5%$318.5M

9.6%$266.2M

5.3%$147.6M

3.5%$95.5M

1.6%$43.4M

Consumer Discretionary

0.3%$8.8M

Filing History

Feb 17, 202613F HOLDINGS REPORTQ/E Dec 2025108 pos · $2.77B
Nov 14, 202513F HOLDINGS REPORTQ/E Sep 2025113 pos · $2.61B
Aug 14, 202513F HOLDINGS REPORTQ/E Jun 2025116 pos · $2.23B
May 15, 202513F HOLDINGS REPORTQ/E Mar 202586 pos · $1.95B
Feb 14, 202513F HOLDINGS REPORTQ/E Dec 2024110 pos · $2.42B
Nov 14, 202413F HOLDINGS REPORTQ/E Sep 202492 pos · $1.84B
Aug 14, 202413F HOLDINGS REPORTQ/E Jun 202499 pos · $1.98B
May 15, 202413F HOLDINGS REPORTQ/E Mar 2024104 pos · $1.99B
Nov 28, 202313F HOLDINGS REPORT (Amended)Q/E Dec 202390 pos · $635.2M
Nov 28, 202313F HOLDINGS REPORT (Amended)Q/E Dec 2023105 pos · $829.3M
Nov 28, 202313F HOLDINGS REPORT (Amended)Q/E Dec 202394 pos · $784.5M
Nov 14, 202313F HOLDINGS REPORTQ/E Dec 2023114 pos · $1.08B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	ISHARES TR	464288513	2,050,300	$165.3M	7.36%
2	SPDR S&P 500 ETF TR	SPY	190,000	$129.6M	5.77%
3	NATIONAL FUEL GAS CO	NFG	1,105,979	$88.5M	3.94%
4	EQT CORP	EQT	1,466,600	$78.6M	3.50%
5	BP PLC	BPPFF	2,231,295	$77.5M	3.45%
6	CENOVUS ENERGY INC	CVE	4,346,820	$73.5M	3.28%
7	PHILLIPS 66	PSX	512,500	$66.1M	2.95%
8	OVINTIV INC	OVV	1,681,188	$65.9M	2.93%
9	CRH PLC	CRH	505,713	$63.1M	2.81%
10	TC ENERGY CORP	TRPRF	1,143,027	$62.9M	2.80%
11	AES CORP	AES	4,357,456	$62.5M	2.78%
12	COTERRA ENERGY INC	CTRA	2,369,315	$62.4M	2.78%
13	PERMIAN RESOURCES CORP	PR	4,082,966	$57.3M	2.55%
14	CSX CORP	CSX	1,559,664	$56.5M	2.52%
15	DUKE ENERGY CORP NEW	DUKB	443,963	$52.0M	2.32%
16	NISOURCE INC	NI	1,192,609	$49.8M	2.22%
17	SHELL PLC	RYDAF	668,736	$49.1M	2.19%
18	EATON CORP PLC	ETN	152,500	$48.6M	2.16%
19	AMERICAN WTR WKS CO INC NEW	030420103	349,233	$45.6M	2.03%
20	PINNACLE WEST CAP CORP	PNW	511,553	$45.4M	2.02%