Filed: 2/17/2026ACC: 0000935836-26-000100
📋 What this filing means
LONESTAR CAPITAL MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 31 equity positions with a total reported market value of $624.22M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
31
Positions
$624.22M
Total AUM (reported)
14.90M
Total Shares
Allocation by class
TR UNIT$170.48M27.3%
UNIT SER 1$153.58M24.6%
COM$116.75M18.7%
20 YR TR BD ETF$113.31M18.2%
COM UT LTD PTN$15.32M2.5%
COM SH BEN INT$14.55M2.3%
COM CL A$7.92M1.3%
Portfolio Concentration
Top 3$437.37M70.1%
4–10$86.45M13.8%
11–25$85.43M13.7%
Rest$14.98M2.4%
Top 3 weight
70.1%
Top 10 weight
83.9%
Voting Authority Distribution
Total shares with voting rights: 14.90M
Sole
Full voting authority
14.90M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole31
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings31
Rows:
SPDR S&P 500 ETF TR
SOLEShares2.50K
TypeSH
Market value$170.48M
27.31%
Sole
2.50K
Shared
0.00
None
0.00
INVESCO QQQ TR
SOLEShares2.50K
TypeSH
Market value$153.58M
24.60%
Sole
2.50K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares13K
TypeSH
Market value$113.31M
18.15%
Sole
13K
Shared
0.00
None
0.00
GARRETT MOTION INC
SOLEShares900K
TypeSH
Market value$15.69M
2.51%
Sole
900K
Shared
0.00
None
0.00
ENERGY TRANSFER L P
SOLEShares929K
TypeSH
Market value$15.32M
2.45%
Sole
929K
Shared
0.00
None
0.00
DIVERSIFIED HEALTHCARE TR
SOLEShares3M
TypeSH
Market value$14.55M
2.33%
Sole
3M
Shared
0.00
None
0.00
AMERICAN AXLE & MFG HLDGS IN
SOLEShares2.16M
TypeSH
Market value$13.82M
2.21%
Sole
2.16M
Shared
0.00
None
0.00
CELANESE CORP DEL
SOLEShares235K
TypeSH
Market value$9.94M
1.59%
Sole
235K
Shared
0.00
None
0.00
PG&E CORP
SOLEShares550K
TypeSH
Market value$8.84M
1.42%
Sole
550K
Shared
0.00
None
0.00
DRIVEN BRANDS HLDGS INC
SOLEShares560K
TypeSH
Market value$8.30M
1.33%
Sole
560K
Shared
0.00
None
0.00
EXPAND ENERGY CORPORATION
SOLEShares75K
TypeSH
Market value$8.28M
1.33%
Sole
75K
Shared
0.00
None
0.00
TRANSOCEAN LTD
SOLEShares1.80M
TypeSH
Market value$7.43M
1.19%
Sole
1.80M
Shared
0.00
None
0.00
BROOKDALE SR LIVING INC
SOLEShares660K
TypeSH
Market value$7.12M
1.14%
Sole
660K
Shared
0.00
None
0.00
SEADRILL LTD
SOLEShares200K
TypeSH
Market value$6.92M
1.11%
Sole
200K
Shared
0.00
None
0.00
VANECK ETF TRUST
SOLEShares80K
TypeSH
Market value$6.86M
1.10%
Sole
80K
Shared
0.00
None
0.00
VANECK ETF TRUST
SOLEShares60K
TypeSH
Market value$6.83M
1.09%
Sole
60K
Shared
0.00
None
0.00
TALEN ENERGY CORP
SOLEShares16K
TypeSH
Market value$6.00M
0.96%
Sole
16K
Shared
0.00
None
0.00
NRG ENERGY INC
SOLEShares37K
TypeSH
Market value$5.89M
0.94%
Sole
37K
Shared
0.00
None
0.00
GLOBAL SHIP LEASE INC NEW
SOLEShares160K
TypeSH
Market value$5.61M
0.90%
Sole
160K
Shared
0.00
None
0.00
LINCOLN EDL SVCS CORP
SOLEShares200K
TypeSH
Market value$4.83M
0.77%
Sole
200K
Shared
0.00
None
0.00
ADT INC DEL
SOLEShares520K
TypeSH
Market value$4.20M
0.67%
Sole
520K
Shared
0.00
None
0.00
LUMEN TECHNOLOGIES INC CMN
SOLEShares525K
TypeSH
Market value$4.08M
0.65%
Sole
525K
Shared
0.00
None
0.00
TARGET HOSPITALITY CORP
SOLEShares500K
TypeSH
Market value$4.00M
0.64%
Sole
500K
Shared
0.00
None
0.00
VISTRA CORP
SOLEShares24K
TypeSH
Market value$3.87M
0.62%
Sole
24K
Shared
0.00
None
0.00
DOW INC
SOLEShares150K
TypeSH
Market value$3.51M
0.56%
Sole
150K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
SPDR S&P 500 ETF TRSOLE | TR UNIT | 2.50K | SH | $170.48M 27.31% | 2.50K | 0.00 | 0.00 |
INVESCO QQQ TRSOLE | UNIT SER 1 | 2.50K | SH | $153.58M 24.60% | 2.50K | 0.00 | 0.00 |
ISHARES TRSOLE | 20 YR TR BD ETF | 13K | SH | $113.31M 18.15% | 13K | 0.00 | 0.00 |
GARRETT MOTION INCSOLE | COM | 900K | SH | $15.69M 2.51% | 900K | 0.00 | 0.00 |
ENERGY TRANSFER L PSOLE | COM UT LTD PTN | 929K | SH | $15.32M 2.45% | 929K | 0.00 | 0.00 |
DIVERSIFIED HEALTHCARE TRSOLE | COM SH BEN INT | 3M | SH | $14.55M 2.33% | 3M | 0.00 | 0.00 |
AMERICAN AXLE & MFG HLDGS INSOLE | COM | 2.16M | SH | $13.82M 2.21% | 2.16M | 0.00 | 0.00 |
CELANESE CORP DELSOLE | COM | 235K | SH | $9.94M 1.59% | 235K | 0.00 | 0.00 |
PG&E CORPSOLE | COM | 550K | SH | $8.84M 1.42% | 550K | 0.00 | 0.00 |
DRIVEN BRANDS HLDGS INCSOLE | COM | 560K | SH | $8.30M 1.33% | 560K | 0.00 | 0.00 |
EXPAND ENERGY CORPORATIONSOLE | COM | 75K | SH | $8.28M 1.33% | 75K | 0.00 | 0.00 |
TRANSOCEAN LTDSOLE | REGISTERED SHS | 1.80M | SH | $7.43M 1.19% | 1.80M | 0.00 | 0.00 |
BROOKDALE SR LIVING INCSOLE | COM | 660K | SH | $7.12M 1.14% | 660K | 0.00 | 0.00 |
SEADRILL LTDSOLE | COM | 200K | SH | $6.92M 1.11% | 200K | 0.00 | 0.00 |
VANECK ETF TRUSTSOLE | GOLD MINERS ETF | 80K | SH | $6.86M 1.10% | 80K | 0.00 | 0.00 |
VANECK ETF TRUSTSOLE | JUNIOR GOLD MINE | 60K | SH | $6.83M 1.09% | 60K | 0.00 | 0.00 |
TALEN ENERGY CORPSOLE | COM | 16K | SH | $6.00M 0.96% | 16K | 0.00 | 0.00 |
NRG ENERGY INCSOLE | COM NEW | 37K | SH | $5.89M 0.94% | 37K | 0.00 | 0.00 |
GLOBAL SHIP LEASE INC NEWSOLE | COM CL A | 160K | SH | $5.61M 0.90% | 160K | 0.00 | 0.00 |
LINCOLN EDL SVCS CORPSOLE | COM | 200K | SH | $4.83M 0.77% | 200K | 0.00 | 0.00 |
ADT INC DELSOLE | COM | 520K | SH | $4.20M 0.67% | 520K | 0.00 | 0.00 |
LUMEN TECHNOLOGIES INC CMNSOLE | COM | 525K | SH | $4.08M 0.65% | 525K | 0.00 | 0.00 |
TARGET HOSPITALITY CORPSOLE | COM | 500K | SH | $4.00M 0.64% | 500K | 0.00 | 0.00 |
VISTRA CORPSOLE | COM | 24K | SH | $3.87M 0.62% | 24K | 0.00 | 0.00 |
DOW INCSOLE | COM | 150K | SH | $3.51M 0.56% | 150K | 0.00 | 0.00 |
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