Yaupon Capital Management LP
SEC Form 13F institutional filer · CIK 0001755028
13F-HR · 21 reported holdings · 2026-03-31
Hedge fund manager.
Reported long-US-equity value
$0.77B
Top-10 concentration
61.8%
Yaupon Capital Management LP — $767M AUM allocation strategy
Yaupon Capital Management LP files SEC Form 13F and reports $767M of long US equity value across 21 reported holdings for 2026-03-31.
Its largest sector bet is Utilities 67.9%, followed by Energy 16.3% and Industrials 7.2%.
The top 10 holdings account for 62% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Yaupon Capital Management LP — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$767M
total across 21 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
62% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$NEE +1.02M sh · +$11.5M+$PEG +430K sh · +$35M+$NI +50.3K sh · +$8.19M
Biggest trims (shares)
−$AES −1.96M sh · −$28.7M−$WMB −260K sh · −$9.52M−$CSX −207K sh · −$1.02M
Exited to nil (held last quarter, gone now)
$CRH ($63.1M last qtr)$ROK ($36.5M last qtr)$NUE ($35.4M last qtr)$CHRW ($23.7M last qtr)$ON ($19.1M last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Multi-Utilities33.4%—
- Electric Utilities24.4%—
- Oil & Gas Storage & Transportation8.8%—
- Oil & Gas Exploration & Production7.4%—
- Rail Transportation7.2%—
- Water Utilities5.7%—
- Independent Power Producers & Energy Traders4.4%—
- Electronic Components3.6%—
- Other holdings5.0%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $VST | Vistra Corp | 452K | $67.9M | — | 8.8% |
| $NI | NiSource Inc | 1.24M | $58M | +50.3K | 7.6% |
| $CSX | CSX Corporation | 1.35M | $55.5M | -207K | 7.2% |
| $PEG | Public Service Enterprise Group Incorporated | 666K | $53.9M | +430K | 7.0% |
| $AEE | Ameren Corporation | 403K | $44.3M | -31.6K | 5.8% |
| $DUK | Duke Energy Corporation | 338K | $44.2M | -106K | 5.8% |
| $AWK | American Water Works Company Inc | 318K | $43.3M | -31.3K | 5.6% |
| $DTE | DTE Energy Company | 256K | $37.4M | -35.1K | 4.9% |
| $CMS | CMS Energy Corporation | 453K | $35.1M | — | 4.6% |
| $WMB | Williams Companies Inc | 481K | $35M | -260K | 4.6% |
…and 11 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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