LONESTAR CAPITAL MANAGEMENT LLC
Long book
$186.0M
Q1 2026
Positions
26
Top-10 weight
58%
concentration
Last quarter
+4.3%
SPY +14.8%
Turnover
36%
of book per quarter
Strategy in plain words
auto-generated from filingsLONESTAR CAPITAL MANAGEMENT LLC is a concentrated fundamental stock-picker, running a $186.0M US long book across 26 positions.
The portfolio is concentrated: the top 10 names carry 58% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: ENERGY TRANSFER LP, GARRETT MOTION INC, CELANESE CORP, DIVERSIFIED HEALTHCARE TRUST, TALEN ENERGY CORP.
Over the last 9 quarters its long book ran on average 1.2pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.2%
Q2 2024
+6.8%
Q3 2024
+0.0%
Q4 2024
-8.9%
Q1 2025
+18.2%
Q2 2025
+12.0%
Q3 2025
+4.2%
Q4 2025
+13.1%
Q1 2026
+4.3%
Sector allocation
Utilities 31%
Industrials 18%
Energy 16%
Materials 13%
Services media 8%
Healthcare 6%
Other 3%
Consumer discretionary 2%
Long book by quarter
What does LONESTAR CAPITAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| ET ENERGY TRANSFER LP | Utilities | 900.0K | $17.4M | 9.3% | -3.1% |
| GTX GARRETT MOTION INC | Industrials | 800.0K | $14.5M | 7.8% | -11.1% |
| CE CELANESE CORP | Materials | 200.0K | $13.2M | 7.1% | -14.9% |
| TLN TALEN ENERGY CORP | Utilities | 30.0K | $9.6M | 5.1% | +87.5% |
| EXE EXPAND ENERGY CORP | Energy | 85.0K | $9.3M | 5.0% | +13.3% |
| BKD BROOKDALE SENIOR LIVING INC | Healthcare | 660.0K | $9.0M | 4.9% | Held |
| DCH DAUCH CORPORATION | Industrials | 1.5M | $8.9M | 4.8% | -30.4% |
| NRG NRG ENERGY INC | Utilities | 60.0K | $8.8M | 4.7% | +62.2% |
| VST VISTRA CORP | Utilities | 50.0K | $7.5M | 4.0% | +108.3% |
| DOW DOW INC | Materials | 180.0K | $7.5M | 4.0% | +20.0% |
| PCG P G & E CORP | Utilities | 380.0K | $6.7M | 3.6% | -30.9% |
| LINC LINCOLN EDUCATIONAL SERVICES | Services media | 150.0K | $6.1M | 3.3% | -25.0% |
| RIG TRANSOCEAN LTD | Energy | 900.0K | $6.0M | 3.2% | -50.0% |
| GSL GLOBAL SHIP LEASE INC-CL A | Industrials | 160.0K | $6.0M | 3.2% | Held |
| EQT EQT CORP | Energy | 90.0K | $5.7M | 3.1% | +50.0% |
| LYB LYONDELLBASELL INDU-CL A | Other | 60.0K | $4.8M | 2.6% | New |
| SDRL SEADRILL LIMITED | Energy | 100.0K | $4.5M | 2.4% | -50.0% |
| TH TARGET HOSPITALITY CORP | Services media | 375.0K | $3.5M | 1.9% | -25.0% |
| UTI UNIVERSAL TECHNICAL INSTITUT | Services media | 85.0K | $3.1M | 1.6% | New |
| POOL POOL CORP | Consumer discretionary | 15.0K | $3.0M | 1.6% | New |
| LUMN LUMEN TECHNOLOGIES INC | Communications | 425.0K | $3.0M | 1.6% | -19.0% |
| SMCI SUPER MICRO COMPUTER INC | Technology | 45.0K | $1.0M | 0.6% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 32 | $670.8M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 31 | $624.2M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 27 | $684.9M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 18 | $269.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 18 | $261.0M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 22 | $273.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 20 | $591.2M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 13 | $89.8M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 22 | $1.12B | canonical | SEC ↗ |
Similar funds
Sanders Capital, LLCGATES FOUNDATION TRUSTEAGLE CAPITAL MANAGEMENT LLCWoodbridge Co LtdAlecta Tjanstepension OmsesidigtMubadala Investment Co PJSCH&H International Investment, LLCNewlands Management Operations LLCINVESTOR ABIndependent Franchise Partners LLPPineStone Asset Management Inc.Pentwater Capital Management LP