1y return+33.0%S&P 500 +20.9%
3y return+67.3%S&P 500 +68.5%
5y return+95.0%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since March 31, 2020: $342 against $290 in the S&P 500.2
Yaupon Capital Management LPS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| NFGNational Fuel Gas Co | $120.4M | 4.0% | +49.5% |
| DVNDevon Energy Corp New | $86.9M | 2.9% | New |
| NINisource Inc | $83.2M | 2.8% | +40.8% |
| OVVOvintiv Inc | $81.1M | 2.7% | +40.5% |
| WMBWilliams Cos Inc | $80.9M | 2.7% | +126.2% |
| BKVBkv Corp | $75.8M | 2.5% | +35.7% |
| VSTVistra Corp | $74.6M | 2.5% | +4.2% |
| TLNTalen Energy Corp | $74.4M | 2.5% | +144.6% |
| CVECenovus Energy Inc | $71.7M | 2.4% | +1.1% |
| ETREntergy Corp New | $70.7M | 2.4% | +224.9% |
| FSLRFirst Solar Inc | $64.3M | 2.1% | New |
| PRPermian Resources Corp | $62.0M | 2.1% | +11.4% |
| PEGPublic Svc Enterprise Group | $57.3M | 1.9% | +6.0% |
| DUKDuke Energy Corp New | $56.9M | 1.9% | +33.0% |
| AEPAmerican Elec Pwr Co Inc | $56.4M | 1.9% | New |
| FPSForgent Power Solutions Inc | $55.9M | 1.9% | +150.0% |
| LGNLegence Corp | $53.5M | 1.8% | New |
| HTOH2o America | $51.8M | 1.7% | −4.9% |
| KNTKKinetik Holdings Inc | $48.4M | 1.6% | New |
| DTEDte Energy Co | $45.4M | 1.5% | +16.6% |
| DINOHf Sinclair Corp | $44.6M | 1.5% | +9475.0% |
| AWKAmerican Wtr Wks Co Inc New | $43.9M | 1.5% | +4.9% |
| FCXFreeport Mcmoran Inc | $43.5M | 1.5% | New |
| CSXCsx Corp | $43.2M | 1.4% | −32.8% |
| FDXFFedex Fght Hldg Co Inc | $41.9M | 1.4% | New |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| HUTHut 8 Corp | December 31, 2025 | +151.3% | $37.9M |
| FPSForgent Power Solutions Inc | March 31, 2026 | +90.8% | $55.9M |
| CVECenovus Energy Inc | March 31, 2025 | +78.4% | $71.7M |
| PRPermian Resources Corp | March 31, 2023 | +75.3% | $62.0M |
| OVVOvintiv Inc | September 30, 2021 | +60.1% | $81.1M |
| BKVBkv Corp | September 30, 2024 | +49.6% | $75.8M |
| TRGPTarga Res Corp | December 31, 2025 | +45.3% | $36.8M |
| EQTEqt Corp | September 30, 2024 | +45.1% | $37.7M |
| NFGNational Fuel Gas Co | March 31, 2024 | +43.7% | $120.4M |
| ETREntergy Corp New | March 31, 2025 | +34.4% | $70.7M |
Sold off last quarter
- CTRACoterra Energy Inc was $95.3M
- TRPTc Energy Corp was $43.2M
- CMSCms Energy Corp was $35.1M
- PNWPinnacle West Cap Corp was $30.7M
- CNPCenterpoint Energy Inc was $28.4M
- MTDRMatador Res Co was $24.6M
- Technipfmc PLCCUSIP G87110105 was $23.8M
- Lyondellbasell Industries NvCUSIP N53745100 was $22.7M
- KEXKirby Corp was $22.0M
- IDAIdacorp Inc was $16.1M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +2.0% | +14.8% |
| March 31, 2026 | +19.9% | −4.6% |
| December 31, 2025 | +1.5% | +2.4% |
| September 30, 2025 | +7.1% | +7.8% |
| June 30, 2025 | +4.3% | +10.5% |
| March 31, 2025 | +1.0% | −4.6% |
| December 31, 2024 | +3.5% | +2.1% |
| September 30, 2024 | +5.8% | +5.4% |
| June 30, 2024 | −1.3% | +4.0% |
| March 31, 2024 | +9.2% | +10.0% |
| December 31, 2023 | −0.5% | +11.2% |
| September 30, 2023 | +1.7% | −3.6% |
| June 30, 2023 | +1.9% | +8.3% |
| March 31, 2023 | −0.9% | +7.0% |
| December 31, 2022 | +6.4% | +7.1% |
| September 30, 2022 | +5.4% | −5.3% |
| June 30, 2022 | −10.7% | −16.5% |
| March 31, 2022 | +13.0% | −4.9% |
| December 31, 2021 | +3.9% | +10.7% |
| September 30, 2021 | −2.1% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Yaupon Capital Management LP Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1755028&type=13F-HR&dateb=&owner=include&count=40CIK 1755028
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1755028/000175502826000005/Filed August 14, 2026 · accession 0001755028-26-000005