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Yaupon Capital Management LP — 13F Holdings & Portfolio

CIK 1755028 · latest 13F-HR filed 2026-08-14

Backtest portfolio

Yaupon Capital Management LP manages $5.08B in 13F-reported U.S. long-equity assets across 124 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are SPY (28.38%), TLT (2.99%), NFG (2.37%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 47 new positions and exited 24; 33 existing positions rose in reported value and 17 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Loading holdings…
AUM
$5.08B

Long-equity book

Holdings
124

Distinct positions

Period
2026-06-30

Filed 2026-08-14

Q/Q Activity
+47 / −24 / ↑33 / ↓17

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
NFG4.0% · +50%DVN2.9% · newNI2.8% · +41%OVV2.7% · +40%WMB2.7% · +126%BKV2.5% · +36%VST2.5% · +4%TLN2.5% · +145%CVE2.4% · +1%ETR2.4% · +225%FSLR2.1% · newPR2.1% · +11%PEG1.9% · +6%DUK1.9% · +33%AEP1.9% · newFPS1.9% · +150%LGN1.8% · newHTO1.7% · -5%KNTK1.6% · newDTE1.5% · +17%DINO1.5% · +9475%AWK1.5% · +5%FCX1.4% · newCSX1.4% · -33%FDXF1.4% · newAR1.4% · newNBIS1.3% · newRRX1.3% · newLNG1.3% · newDTM1.3% · +38%HUT1.3% · -64%EQT1.3% · +54%NSC1.3% · newSTM1.2% · newTRGP1.2% · +5%PRIM1.2% · newATI1.2% · newCMI1.2% · newBP1.2% · -1%BKH1.1% · +86%PAGP1.1% · +74%AEE1.1% · -30%DPC1.0% · newUNP1.0% · newTAC1.0% · +16%DE0.9% · newCIFR0.9% · newVLO0.9% · newMWH0.8% · +3%VNOM0.8% · +16%XIFR0.8% · -9%COP0.8% · +5%SHEL0.7% · -30%CLF0.7% · newB0.7% · +26%SR0.7% · +253%TBN0.7% · +16%DAR0.7% · +276%AES0.6% · -45%SOLS0.6% · new

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 27.3%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 31, 2026.

Assets Under Management
$4.68B
Discretionary
$4.68B
Employees
20
Accounts
7
Address
340 MADISON AVENUE
SUITE 300A
NEW YORK, NY 10173
Phone
(646) 755-3825
Website
Name Title / Status Ownership Type
BURKLEY, ROBERT, BENJAMIN ControlCHIEF OPERATING OFFICER AND PARTNER
since Aug 2018
5–10%Individual
FLAHERTY, LISA, MARY ControlCHIEF COMPLIANCE OFFICER, CHIEF FINANCIAL OFFICER
since Aug 2018
Less than 5%Individual
LEBOWITZ, BRANDON, JOSHUA ControlPARTNER
since Sep 2021
5–10%Individual
PATTYN, STEVEN, JAMES ControlPARTNER, CHIEF INVESTMENT OFFICER
since Aug 2018
50–75%Individual
YAUPON CAPITAL MANAGEMENT GP LLC ControlGENERAL PARTNER
since Aug 2018
Less than 5%Domestic Entity
PATTYN, CAROL, RUBYTRUSTEE OF STEVEN PATTYN FAMILY TRUST DATED 3/31/2022
since Jul 2022
10–25%Individual
PATTYN, ELIZABETH, KIERNANTRUSTEE OF STEVEN PATTYN FAMILY TRUST DATED 3/31/2022
since Jul 2022
10–25%Individual
STEVEN PATTYN FAMILY TRUST DATED 3/31/2022PARTNER
since Jul 2022
10–25%Domestic Entity
PATTYN, STEVEN, JAMES Control
Indirect owner via YAUPON CAPITAL MANAGEMENT GP LLC
MANAGING MEMBER
since Feb 2018
75% or moreIndividual
Ownership & leadership changes · 3 filings with changes since Aug 29, 2018

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Aug 30, 2022 filing
  • ChangedBURKLEY, ROBERT, BENJAMIN · now a control person
Aug 26, 2022 filing
  • AddedPATTYN, CAROL, RUBY · TRUSTEE OF STEVEN PATTYN FAMILY TRUST DATED 3/31/2022 · 10–25%
  • AddedPATTYN, ELIZABETH, KIERNAN · TRUSTEE OF STEVEN PATTYN FAMILY TRUST DATED 3/31/2022 · 10–25%
  • AddedPATTYN, STEVEN, JAMES · MANAGING MEMBER · 75% or more · indirect via YAUPON CAPITAL MANAGEMENT GP LLC · control person
  • AddedSTEVEN PATTYN FAMILY TRUST DATED 3/31/2022 · PARTNER · 10–25%
  • AddedYAUPON CAPITAL MANAGEMENT GP LLC · GENERAL PARTNER · Less than 5% · control person
  • ChangedBURKLEY, ROBERT, BENJAMIN · no longer a control person
  • ChangedPATTYN, STEVEN, JAMES · title FOUNDER, CHIEF INVESTMENT OFFICER → PARTNER, CHIEF INVESTMENT OFFICER; ownership 75% or more → 50–75%
Oct 28, 2021 filing
  • AddedLEBOWITZ, BRANDON, JOSHUA · PARTNER · 5–10% · control person
  • ChangedBURKLEY, ROBERT, BENJAMIN · title CHIEF OPERATING OFFICER → CHIEF OPERATING OFFICER AND PARTNER; ownership Less than 5% → 5–10%
Aug 29, 2018 filing (earliest on record)
  • ListedBURKLEY, ROBERT, BENJAMIN · CHIEF OPERATING OFFICER · Less than 5% · control person
  • ListedFLAHERTY, LISA, MARY · CHIEF COMPLIANCE OFFICER, CHIEF FINANCIAL OFFICER · Less than 5% · control person
  • ListedPATTYN, STEVEN, JAMES · FOUNDER, CHIEF INVESTMENT OFFICER · 75% or more · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 33 →

Top Trims

Show all 17 →

New Positions

Show all 47 →

Exited Positions

Show all 24 →

Yaupon Capital Management LP Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 STATE STR SPDR S&P 500 ETF T Put SPY 78462F103 $1.44B 28.38% 1,930,000 SH
2 ISHARES TR Call TLT 464287432 $152.1M 2.99% 1,760,000 SH
3 NATIONAL FUEL GAS CO NFG 636180101 $120.4M 2.37% 1,559,618 SH
4 DEVON ENERGY CORP NEW DVN 25179M103 $86.9M 1.71% 2,102,988 SH
5 FIRST SOLAR INC Call FSLR 336433107 $86.1M 1.70% 365,000 SH
6 NISOURCE INC NI 65473P105 $83.2M 1.64% 1,749,831 SH
7 OVINTIV INC OVV 69047Q102 $81.1M 1.60% 1,540,608 SH
8 WILLIAMS COS INC WMB 969457100 $80.9M 1.59% 1,088,549 SH
9 BKV CORP BKV 05603J108 $75.8M 1.49% 2,768,719 SH
10 VISTRA CORP VST 92840M102 $74.6M 1.47% 470,483 SH
11 TALEN ENERGY CORP TLN 87422Q109 $74.4M 1.47% 193,647 SH
12 AIR PRODUCTS AND CHEMICALS I Put APD 009158106 $73.3M 1.44% 250,000 SH
13 CENOVUS ENERGY INC CVE 15135U109 $71.7M 1.41% 2,891,599 SH
14 ENTERGY CORP NEW ETR 29364G103 $70.7M 1.39% 615,956 SH
15 SELECT SECTOR SPDR TR Put XLU 81369Y886 $68.0M 1.34% 1,500,000 SH
16 ONEOK INC NEW Put OKE 682680103 $65.2M 1.28% 750,000 SH
17 FIRST SOLAR INC FSLR 336433107 $64.3M 1.27% 272,379 SH
18 MASTEC INC Put MTZ 576323109 $62.4M 1.23% 150,000 SH
19 PERMIAN RESOURCES CORP PR 71424F105 $62.0M 1.22% 3,367,361 SH
20 PUBLIC SVC ENTERPRISE GROUP PEG 744573106 $57.3M 1.13% 706,023 SH
21 DUKE ENERGY CORP NEW DUK 26441C204 $56.9M 1.12% 449,340 SH
22 AMERICAN ELEC PWR CO INC AEP 025537101 $56.4M 1.11% 412,431 SH
23 FORGENT POWER SOLUTIONS INC FPS 34631F102 $55.9M 1.10% 1,000,000 SH
24 LEGENCE CORP LGN 52476L109 $53.5M 1.05% 627,256 SH
25 H2O AMERICA HTO 784305104 $51.8M 1.02% 851,846 SH
26 KINETIK HOLDINGS INC KNTK 02215L209 $48.4M 0.95% 1,002,184 SH
27 DTE ENERGY CO DTE 233331107 $45.4M 0.89% 297,977 SH
28 HF SINCLAIR CORP DINO 403949100 $44.6M 0.88% 639,708 SH
29 NEXTERA ENERGY INC Put NEE 65339F101 $43.9M 0.86% 500,000 SH
30 AMERICAN WTR WKS CO INC NEW AWK 030420103 $43.9M 0.86% 333,442 SH
31 FREEPORT MCMORAN INC FCX 35671D857 $43.5M 0.86% 691,546 SH
32 CSX CORP CSX 126408103 $43.2M 0.85% 908,799 SH
33 FEDEX FGHT HLDG CO INC FDXF 314352105 $41.9M 0.82% 277,234 SH
34 ANTERO RESOURCES CORP AR 03674X106 $41.6M 0.82% 1,184,416 SH
35 NEBIUS GROUP N.V. NBIS N97284108 $40.5M 0.80% 146,543 SH
36 REGAL REXNORD CORPORATION RRX 758750103 $38.9M 0.77% 163,233 SH
37 CHENIERE ENERGY INC LNG 16411R208 $38.3M 0.75% 160,123 SH
38 DT MIDSTREAM INC DTM 23345M107 $37.9M 0.75% 258,344 SH
39 HUT 8 CORP HUT 44812J104 $37.9M 0.75% 328,319 SH
40 EQT CORP EQT 26884L109 $37.7M 0.74% 709,535 SH
41 NORFOLK SOUTHN CORP NSC 655844108 $37.6M 0.74% 119,479 SH
42 STMICROELECTRONICS N V STM 861012102 $37.1M 0.73% 495,223 SH
43 TARGA RES CORP TRGP 87612G101 $36.8M 0.73% 137,392 SH
44 PRIMORIS SVCS CORP PRIM 74164F103 $36.4M 0.72% 366,972 SH
45 ATI INC ATI 01741R102 $35.5M 0.70% 180,204 SH
46 CUMMINS INC CMI 231021106 $34.9M 0.69% 48,996 SH
47 BP PLC BP 055622104 $34.8M 0.69% 942,850 SH
48 BLACK HILLS CORP BKH 092113109 $34.1M 0.67% 458,430 SH
49 PLAINS GP HLDGS L P PAGP 72651A207 $32.9M 0.65% 1,354,670 SH
50 AMEREN CORP AEE 023608102 $32.1M 0.63% 284,065 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-14 $5.08B 124 0001755028-26-000005
2026-03-31 2026-05-15 $3.20B 98 0001755028-26-000004
2025-12-31 2026-02-17 $2.77B 108 0001755028-26-000002
2025-09-30 2025-11-14 $2.61B 113 0001755028-25-000007
Filer Information
Address
340 MADISON AVE, SUITE 300A
NEW YORK, NY 10173
Phone
(646) 755-3825
Filing Manager
Yaupon Capital Management LP
NEW YORK, NY
Signatory
Steve Pattyn
Managing Member of the General Partner