Filed: 5/15/2026ACC: 0000935836-26-000253
📋 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 $670.78M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
31
Positions
$670.78M
Total AUM (reported)
9.53M
Total Shares
Allocation by class
COM$132.70M19.8%
UNIT SER 1$115.44M17.2%
IBOXX HI YD ETF$111.38M16.6%
TR UNIT$104.05M15.5%
20 YR TR BD ETF$86.69M12.9%
RUSSELL 2000 ETF$49.60M7.4%
COM UT LTD PTN$17.37M2.6%
Portfolio Concentration
Top 3$330.87M49.3%
4–10$216.22M32.2%
11–25$108.29M16.1%
Rest$15.39M2.3%
Top 3 weight
49.3%
Top 10 weight
81.6%
Voting Authority Distribution
Total shares with voting rights: 9.53M
Sole
Full voting authority
9.53M
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:
INVESCO QQQ TR
SOLEShares2K
TypeSH
Market value$115.44M
17.21%
Sole
2K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares14K
TypeSH
Market value$111.38M
16.61%
Sole
14K
Shared
0.00
None
0.00
STATE STR SPDR S&P 500 ETF T
SOLEShares1.60K
TypeSH
Market value$104.05M
15.51%
Sole
1.60K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares10K
TypeSH
Market value$86.69M
12.92%
Sole
10K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares2K
TypeSH
Market value$49.60M
7.39%
Sole
2K
Shared
0.00
None
0.00
PG&E CORP
SOLEShares390K
TypeSH
Market value$24.25M
3.61%
Sole
390K
Shared
0.00
None
0.00
ENERGY TRANSFER L P
SOLEShares900K
TypeSH
Market value$17.37M
2.59%
Sole
900K
Shared
0.00
None
0.00
GARRETT MOTION INC
SOLEShares800K
TypeSH
Market value$14.54M
2.17%
Sole
800K
Shared
0.00
None
0.00
CELANESE CORP DEL
SOLEShares200K
TypeSH
Market value$13.15M
1.96%
Sole
200K
Shared
0.00
None
0.00
DIVERSIFIED HEALTHCARE TR
SOLEShares1.60M
TypeSH
Market value$10.62M
1.58%
Sole
1.60M
Shared
0.00
None
0.00
TALEN ENERGY CORP
SOLEShares30K
TypeSH
Market value$9.58M
1.43%
Sole
30K
Shared
0.00
None
0.00
EXPAND ENERGY CORPORATION
SOLEShares85K
TypeSH
Market value$9.33M
1.39%
Sole
85K
Shared
0.00
None
0.00
BROOKDALE SR LIVING INC
SOLEShares660K
TypeSH
Market value$9.03M
1.35%
Sole
660K
Shared
0.00
None
0.00
DAUCH CORP
SOLEShares1.50M
TypeSH
Market value$8.89M
1.33%
Sole
1.50M
Shared
0.00
None
0.00
NRG ENERGY INC
SOLEShares60K
TypeSH
Market value$8.77M
1.31%
Sole
60K
Shared
0.00
None
0.00
VISTRA CORP
SOLEShares50K
TypeSH
Market value$7.52M
1.12%
Sole
50K
Shared
0.00
None
0.00
DOW HLDGS INC
SOLEShares180K
TypeSH
Market value$7.50M
1.12%
Sole
180K
Shared
0.00
None
0.00
VANECK ETF TRUST
SOLEShares80K
TypeSH
Market value$7.34M
1.09%
Sole
80K
Shared
0.00
None
0.00
VANECK ETF TRUST
SOLEShares60K
TypeSH
Market value$7.20M
1.07%
Sole
60K
Shared
0.00
None
0.00
LINCOLN EDL SVCS CORP
SOLEShares150K
TypeSH
Market value$6.10M
0.91%
Sole
150K
Shared
0.00
None
0.00
TRANSOCEAN LTD
SOLEShares900K
TypeSH
Market value$5.97M
0.89%
Sole
900K
Shared
0.00
None
0.00
GLOBAL SHIP LEASE INC
SOLEShares160K
TypeSH
Market value$5.96M
0.89%
Sole
160K
Shared
0.00
None
0.00
EQT CORP
SOLEShares90K
TypeSH
Market value$5.73M
0.85%
Sole
90K
Shared
0.00
None
0.00
LYONDELLBASELL INDUSTRIES NV
SOLEShares60K
TypeSH
Market value$4.83M
0.72%
Sole
60K
Shared
0.00
None
0.00
SEADRILL LTD
SOLEShares100K
TypeSH
Market value$4.55M
0.68%
Sole
100K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
INVESCO QQQ TRSOLE | UNIT SER 1 | 2K | SH | $115.44M 17.21% | 2K | 0.00 | 0.00 |
ISHARES TRSOLE | IBOXX HI YD ETF | 14K | SH | $111.38M 16.61% | 14K | 0.00 | 0.00 |
STATE STR SPDR S&P 500 ETF TSOLE | TR UNIT | 1.60K | SH | $104.05M 15.51% | 1.60K | 0.00 | 0.00 |
ISHARES TRSOLE | 20 YR TR BD ETF | 10K | SH | $86.69M 12.92% | 10K | 0.00 | 0.00 |
ISHARES TRSOLE | RUSSELL 2000 ETF | 2K | SH | $49.60M 7.39% | 2K | 0.00 | 0.00 |
PG&E CORPSOLE | COM | 390K | SH | $24.25M 3.61% | 390K | 0.00 | 0.00 |
ENERGY TRANSFER L PSOLE | COM UT LTD PTN | 900K | SH | $17.37M 2.59% | 900K | 0.00 | 0.00 |
GARRETT MOTION INCSOLE | COM | 800K | SH | $14.54M 2.17% | 800K | 0.00 | 0.00 |
CELANESE CORP DELSOLE | COM | 200K | SH | $13.15M 1.96% | 200K | 0.00 | 0.00 |
DIVERSIFIED HEALTHCARE TRSOLE | COM SH BEN INT | 1.60M | SH | $10.62M 1.58% | 1.60M | 0.00 | 0.00 |
TALEN ENERGY CORPSOLE | COM | 30K | SH | $9.58M 1.43% | 30K | 0.00 | 0.00 |
EXPAND ENERGY CORPORATIONSOLE | COM | 85K | SH | $9.33M 1.39% | 85K | 0.00 | 0.00 |
BROOKDALE SR LIVING INCSOLE | COM | 660K | SH | $9.03M 1.35% | 660K | 0.00 | 0.00 |
DAUCH CORPSOLE | COM | 1.50M | SH | $8.89M 1.33% | 1.50M | 0.00 | 0.00 |
NRG ENERGY INCSOLE | COM NEW | 60K | SH | $8.77M 1.31% | 60K | 0.00 | 0.00 |
VISTRA CORPSOLE | COM | 50K | SH | $7.52M 1.12% | 50K | 0.00 | 0.00 |
DOW HLDGS INCSOLE | COM | 180K | SH | $7.50M 1.12% | 180K | 0.00 | 0.00 |
VANECK ETF TRUSTSOLE | GOLD MINERS ETF | 80K | SH | $7.34M 1.09% | 80K | 0.00 | 0.00 |
VANECK ETF TRUSTSOLE | JUNIOR GOLD MINE | 60K | SH | $7.20M 1.07% | 60K | 0.00 | 0.00 |
LINCOLN EDL SVCS CORPSOLE | COM | 150K | SH | $6.10M 0.91% | 150K | 0.00 | 0.00 |
TRANSOCEAN LTDSOLE | REGISTERED SHS | 900K | SH | $5.97M 0.89% | 900K | 0.00 | 0.00 |
GLOBAL SHIP LEASE INCSOLE | COM CL A | 160K | SH | $5.96M 0.89% | 160K | 0.00 | 0.00 |
EQT CORPSOLE | COM | 90K | SH | $5.73M 0.85% | 90K | 0.00 | 0.00 |
LYONDELLBASELL INDUSTRIES NVSOLE | SHS - A - | 60K | SH | $4.83M 0.72% | 60K | 0.00 | 0.00 |
SEADRILL LTDSOLE | COM | 100K | SH | $4.55M 0.68% | 100K | 0.00 | 0.00 |
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