Impala Asset Management LLC

Q4 2025 13F-HR Holdings

Location
Palm Beach, FL
Holdings as of
12/31/2025
Date filed
2/13/2026
Form type
13F-HR
Num holdings
23
Total value ($000)
$158,730
Net value change ($000)
+11,137 (7.5%)
New positions
14
Sold out positions
9
Turnover %
63.9%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/12/2025 Next filing: — SEC filing

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)
CENX 13,380 66.1%
WHR 7,935 NEW
BKE 7,413 53.1%
MT 7,281 NEW
TROX 4,770 NEW
AMR 4,397 NEW
DKS 4,217 NEW
RIO 3,217 NEW
SBLK 3,210 NEW
FANG 3,007 NEW
Top Reduces (Value $000, Stocks/ETFs)
ASO -16,112 -100.0%
WLK -8,862 -100.0%
ANF -6,972 -100.0%
IVANHOE MINES LTD COM CL A -5,723 -100.0%
MT -4,701 -100.0%
ERO -4,359 -13.9%
NGD -3,849 -59.6%
FLR -2,134 -100.0%
HAL -2,091 -100.0%
HUN -2,061 -19.2%
Instrument mix + QoQ Δ (ex-options)
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