LONESTAR CAPITAL MANAGEMENT LLC

CIK

1317410

Location

San Francisco, CA

Portfolio Value

Small $173,873,954

Diversification

Diversified

Filing Date

Global Rank

#4,530 / 8,605 ▲ 90 · as of Mar 2026

Top Industry

Utilities - Independent Power Producers 15.1%

3Y Alpha vs SPY

-1.6%

Period ended 3 months ago

Filed May 15, 2026 · 55d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+71.6%

SPY

+76.5%

Annualised alpha

-1.1%

Max drawdown

−28.9%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

26 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

10.0%

+1.1 pts

Top 5

37.5%

−1.8 pts

Top 10

62.6%

+0.6 pts

HHI

531

Diversified+17

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Energy	24.7%	$42,945,900	5
Utilities	18.8%	$32,714,100	4
Basic Materials	15.7%	$27,314,600	4
Consumer Cyclical	13.5%	$23,431,000	2
Industrials	7.2%	$12,471,750	3
Real Estate	6.1%	$10,624,000	1
Consumer Defensive	5.3%	$9,170,500	2
Healthcare	5.2%	$9,028,800	1
Communication Services	1.7%	$2,953,750	1
Unclassified	1.3%	$2,194,904	2
Technology	0.6%	$1,024,650	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

6 positions

Ticker	Company	Δ Shares	Shares	Value
DOW	Dow Inc.	+30,000	180,000	$7,497,000
EQT	EQT Corp	+30,000	90,000	$5,727,600
VST	Vistra Corp.	+26,000	50,000	$7,516,500
NRG	Nrg Energy, Inc.	+23,000	60,000	$8,768,400
TLN	Talen Energy Corp	+14,000	30,000	$9,576,900
EXE	EXPAND ENERGY Corp	+10,000	85,000	$9,331,300
No positions match the current search.

Trimmed

Positions the filer reduced

13 positions

Ticker	Company	Δ Shares	Shares	Value
DHC	Diversified Healthcare Trust	−1,400,000	1,600,000	$10,624,000
RIG	Transocean Ltd.	−900,000	900,000	$5,967,000
DCH	Dauch Corp	−656,574	1,500,000	$8,895,000
PCG	PG&E Corp	−160,000	390,000	$6,852,300
TH	Target Hospitality Corp.	−125,000	375,000	$3,480,000
GTX	Garrett Motion Inc.	−100,000	800,000	$14,536,000
LUMN	Lumen Technologies, Inc.	−100,000	425,000	$2,953,750
SDRL	SEADRILL Ltd	−100,000	100,000	$4,550,000
LINC	Lincoln Educational Services Corp	−50,000	150,000	$6,102,000
CE	Celanese Corp	−35,000	200,000	$13,154,000
ET	Energy Transfer LP	−29,000	900,000	$17,370,000
SPY	Spdr S&P 500 ETF Trust	−900	1,600	$1,040,544
QQQ	Invesco Qqq Trust, Series 1	−500	2,000	$1,154,360
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
LYB	LyondellBasell Industries N.V.	60,000	$4,833,600
UTI	Universal Technical Institute Inc	85,000	$3,068,500
POOL	Pool Corp	15,000	$3,034,950
BAK	Braskem SA	500,000	$1,830,000
SMCI	Super Micro Computer, Inc.	45,000	$1,024,650
No positions match the current search.

Sold Out

Positions the filer fully exited

7 positions

Ticker	Company	Shares	Value
DRVN	Driven Brands Holdings Inc.	560,000	$8,299,200
ADT	ADT Inc.	520,000	$4,196,400
COMP	Compass, Inc.	270,000	$2,853,900
HPP	Hudson Pacific Properties, Inc.	250,000	$2,707,500
WLAC	Willow Lane Acquisition Corp.	194,185	$2,454,498
COTY	Coty Inc.	750,000	$2,310,000
STRA	Strategic Education, Inc.	17,900	$1,435,580
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

26 positions · $173,873,954 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Healthcare Industrials Real Estate Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
ET	Energy Transfer LP Energy	Reduced	900,000	-29,000	$17,370,000	+13.4%	9.99%
GTX	Garrett Motion Inc. Consumer Cyclical	Reduced	800,000	-100,000	$14,536,000	−7.3%	8.36%
CE	Celanese Corp Basic Materials	Reduced	200,000	-35,000	$13,154,000	+32.4%	7.57%
DHC	Diversified Healthcare Trust Real Estate	Reduced	1,600,000	-1,400,000	$10,624,000	−27.0%	6.11%
TLN	Talen Energy Corp Utilities	Added	30,000	+14,000	$9,576,900	+59.7%	5.51%
EXE	EXPAND ENERGY Corp Energy	Added	85,000	+10,000	$9,331,300	+12.7%	5.37%
BKD	Brookdale Senior Living Inc. Healthcare	Held	660,000	0	$9,028,800	+26.8%	5.19%
DCH	Dauch Corp Consumer Cyclical	Reduced	1,500,000	-656,574	$8,895,000	−35.7%	5.12%
NRG	Nrg Energy, Inc. Utilities	Added	60,000	+23,000	$8,768,400	+48.8%	5.04%
VST	Vistra Corp. Utilities	Added	50,000	+26,000	$7,516,500	+94.1%	4.32%
DOW	Dow Inc. Basic Materials	Added	180,000	+30,000	$7,497,000	+113.8%	4.31%
PCG	PG&E Corp Utilities	Reduced	390,000	-160,000	$6,852,300	−22.5%	3.94%
LINC	Lincoln Educational Services Corp Consumer Defensive	Reduced	150,000	-50,000	$6,102,000	+26.3%	3.51%
RIG	Transocean Ltd. Energy	Reduced	900,000	-900,000	$5,967,000	−19.7%	3.43%
GSL	Global Ship Lease, Inc. Industrials	Held	160,000	0	$5,956,800	+6.2%	3.43%
EQT	EQT Corp Energy	Added	90,000	+30,000	$5,727,600	+78.1%	3.29%
LYB	LyondellBasell Industries N.V. Basic Materials	NEW	60,000	NEW	$4,833,600	NEW	2.78%
SDRL	SEADRILL Ltd Energy	Reduced	100,000	-100,000	$4,550,000	−34.2%	2.62%
TH	Target Hospitality Corp. Industrials	Reduced	375,000	-125,000	$3,480,000	−13.1%	2.00%
UTI	Universal Technical Institute Inc Consumer Defensive	NEW	85,000	NEW	$3,068,500	NEW	1.76%
POOL	Pool Corp Industrials	NEW	15,000	NEW	$3,034,950	NEW	1.75%
LUMN	Lumen Technologies, Inc. Communication Services	Reduced	425,000	-100,000	$2,953,750	−27.6%	1.70%
BAK	Braskem SA Basic Materials	NEW	500,000	NEW	$1,830,000	NEW	1.05%
QQQ	Invesco Qqq Trust, Series 1	Reduced	2,000	-500	$1,154,360	−24.8%	0.66%
SPY	Spdr S&P 500 ETF Trust	Reduced	1,600	-900	$1,040,544	−39.0%	0.60%
SMCI	Super Micro Computer, Inc. Technology	NEW	45,000	NEW	$1,024,650	NEW	0.59%