LONESTAR CAPITAL MANAGEMENT LLC

Q4 2025 13F-HR Holdings

Location
San Francisco, CA
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
31
Total value ($000)
$624,222
Net value change ($000)
-60,719 (-8.9%)
New positions
15
Sold out positions
10
Turnover %
59.8%
Sector allocation + QoQ delta (equities-only)

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
DCH 12,021 666.7%
CE 9,936 NEW
DRVN 8,299 NEW
RIG 7,434 NEW
BKD 7,121 NEW
SDRL 6,920 NEW
PCG 6,803 334.1%
TLN 5,997 NEW
LINC 4,830 NEW
EXE 4,027 94.8%
Top Reduces (Value $000, Stocks/ETFs)
GOLAR LNG LTD -8,082 -100.0%
SVC -7,412 -100.0%
GNRC -5,022 -100.0%
NRG -3,825 -39.4%
GENI -3,714 -100.0%
ET -3,557 -18.8%
GLOBAL SHIP LEASE INC NEW -3,236 -36.6%
AR -3,020 -100.0%
JD -2,798 -100.0%
UPS -2,756 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 437,366 (70.1% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type