LUMINUS MANAGEMENT LLC

Q4 2025 13F-HR Holdings

Location
Houston, TX
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
22
Total value ($000)
$114,197
Net value change ($000)
+2,940 (2.6%)
New positions
9
Sold out positions
8
Turnover %
29.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/3/2025 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)
VG 18,414 NEW
AXTA 6,417 NEW
SOLS 4,767 NEW
AVNT 4,650 303.9%
KWR 2,679 33.6%
GXO 2,639 86.4%
WLK 2,602 NEW
ACET 501 NEW
DHX 408 NEW
FRMI 320 NEW
Top Reduces (Value $000, Stocks/ETFs)
CC -23,737 -84.9%
KEX -9,760 -100.0%
OI -3,310 -12.5%
SEE -2,772 -15.7%
FUL -2,172 -100.0%
SOC -1,746 -100.0%
DQ -1,125 -100.0%
LUCD -518 -56.2%
BATL -492 -6.6%
REKR -432 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 5,797 (5.1% 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