In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Castle Hook Partners LP reported 43 stock positions worth $4.7 billion . Its top holding was United Airlines (UAL) at 9.1% of the portfolio, followed by Vistra (VST, 8.7% ) and Delta Air Lines (DAL, 6.1% ). Compared with Q3 2024, it opened 26 new positions, sold out of 18, added to 11 and reduced 5. The biggest buy was a new position in Amazon.com (AMZN) and the biggest sale an exit from Constellation Energy (CEG).
Location NEW YORK, NY
CIK 0001687241
Portfolio Value $4.7B (Q4 2024) Holdings 43 stocks · $4.7B Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q3 2024 UAL United Airlines Holdings Inc. 4,396,016 $426.9M Add +3.5% VST Vistra Corp. 2,964,222 $408.7M Add +13.6% DAL Delta Air Lines Inc. 4,746,535 $287.2M Add +27.4% WMB Williams Cos Inc. 5,055,184 $273.6M Add +69.1% AMZN Amazon.com Inc. 1,184,425 $259.9M New GEV GE Vernova Inc. 752,282 $247.4M Reduce -28.4% KMI Kinder Morgan Inc. 7,953,656 $217.9M Add +4.5% APP AppLovin Corp. Class A 633,641 $205.2M New NTRA Natera Inc. 1,222,578 $193.5M Add +7.2% EQT Eqt Corp. 3,990,714 $184.0M Add +199.5% TSLA Tesla Inc. 430,464 $173.8M Reduce -42.5% ALL Allstate Corp. 824,838 $159.0M Add +1303.3% C Citigroup Inc. 1,763,664 $124.1M New SPOT Spotify Technology SA 274,914 $123.0M Reduce -31.5% CVNA Carvana Co. 570,516 $116.0M New X United States Steel Corp. 3,397,755 $115.5M Add +30.9% SHOP Shopify Inc. Class A 1,052,651 $111.9M New V Visa Inc. Class A 353,592 $111.7M New EXE Expand Energy Corp. 1,105,468 $110.0M New HOOD Robinhood Markets Inc. Class A 2,594,034 $96.7M New ISRG Intuitive Surgical Inc. 135,273 $70.6M Add +25.1% LLY Eli Lilly & Co. 90,326 $69.7M New BSX Boston Scientific Corp. 762,073 $68.1M Add +146.9% AER Aercap Holdings NV 682,725 $65.3M Reduce -43.4% NFLX Netflix Inc. 69,001 $61.5M New AR Antero Resources Corp. 1,739,810 $61.0M New DASH DoorDash Inc. Class A 302,595 $50.8M New Z Zillow Group Inc. Class C 673,693 $49.9M New TSM Taiwan Semiconductor-SP ADR 243,072 $48.0M New IBIT iShares Bitcoin Trust ETF 732,884 $38.9M New KRC Kilroy Realty Corp. 748,122 $30.3M New ICE Intercontinental Exchange Inc. 200,843 $29.9M New RGA Reinsurance Group of America 118,287 $25.3M New LPLA LPL Financial Holdings Inc. 76,135 $24.9M New RH RH 62,856 $24.7M New TLN Talen Energy Corp. 120,124 $24.2M New BA The Boeing Co. 23,718 $4.2M New EXK Endeavour Silver Corp. 700,000 $2.6M New MT Arcelormittal-NY Registered 76,971 $1.8M New MKTX Marketaxess Holdings Inc. 6,330 $1.4M Reduce -96.2% SLG SL Green Realty Corp. 14,294 $971K New IONS Ionis Pharmaceuticals Inc. 23,940 $837K No change SARO Standardaero Inc. 5,559 $138K New
Options reported separately and not counted above: SPY puts ($2.2B), GLD calls ($1.2B).
Portfolio Sells Q3 2024 → Q4 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2024 % Of Portfolio Change To Portfolio ▲ CEG Constellation Energy Sold out 0.00% −8.23 VRT Vertiv Holdings Co. Class A Sold out 0.00% −5.55 META Meta Platforms Inc. Class A Sold out 0.00% −3.69 GEV GE Vernova Inc. Reduce -28.4% 5.26% −2.75 TSLA Tesla Inc. Reduce -42.5% 3.70% −2.17 COHR Coherent Corp. Sold out 0.00% −2.16 AER Aercap Holdings NV Reduce -43.4% 1.39% −2.03 SPOT Spotify Technology SA Reduce -31.5% 2.62% −1.81 AVGO Broadcom Inc. Sold out 0.00% −1.73 TECK Teck Resources Ltd.-CLS B Sold out 0.00% −1.67 CRBG Corebridge Financial Inc. Sold out 0.00% −1.64 SPG Simon Property Group Inc. Sold out 0.00% −1.59 DHR Danaher Corp. Sold out 0.00% −1.57 NVDA Nvidia Corp. Sold out 0.00% −1.47 MKTX Marketaxess Holdings Inc. Reduce -96.2% 0.03% −1.25 IQV Iqvia Holdings Inc. Sold out 0.00% −1.17 CCJ Cameco Corp. Sold out 0.00% −0.81 CTLT Catalent Inc. Sold out 0.00% −0.74 CENX Century Aluminum Company Sold out 0.00% −0.73 ANF Abercrombie & Fitch Co. Class A Sold out 0.00% −0.71 ARE Alexandria Real Estate Equit Sold out 0.00% −0.43 CW Curtiss-Wright Corp. Sold out 0.00% −0.30 CTRE Caretrust REIT Inc. Sold out 0.00% −0.25
Portfolio Buys Q3 2024 → Q4 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2024 % Of Portfolio Change To Portfolio ▼ AMZN Amazon.com Inc. New 5.53% +5.53 APP AppLovin Corp. Class A New 4.36% +4.36 ALL Allstate Corp. Add +1303.3% 3.38% +3.05 C Citigroup Inc. New 2.64% +2.64 CVNA Carvana Co. New 2.47% +2.47 EQT Eqt Corp. Add +199.5% 3.91% +2.45 SHOP Shopify Inc. Class A New 2.38% +2.38 V Visa Inc. Class A New 2.38% +2.38 EXE Expand Energy Corp. New 2.34% +2.34 HOOD Robinhood Markets Inc. Class A New 2.06% +2.06 UAL United Airlines Holdings Inc. Add +3.5% 9.08% +1.83 WMB Williams Cos Inc. Add +69.1% 5.82% +1.74 LLY Eli Lilly & Co. New 1.48% +1.48 NFLX Netflix Inc. New 1.31% +1.31 AR Antero Resources Corp. New 1.30% +1.30 DASH DoorDash Inc. Class A New 1.08% +1.08 Z Zillow Group Inc. Class C New 1.06% +1.06 TSM Taiwan Semiconductor-SP ADR New 1.02% +1.02 IBIT iShares Bitcoin Trust ETF New 0.83% +0.83 BSX Boston Scientific Corp. Add +146.9% 1.45% +0.67 KRC Kilroy Realty Corp. New 0.64% +0.64 ICE Intercontinental Exchange Inc. New 0.64% +0.64 RGA Reinsurance Group of America New 0.54% +0.54 LPLA LPL Financial Holdings Inc. New 0.53% +0.53 RH RH New 0.53% +0.53 TLN Talen Energy Corp. New 0.51% +0.51 DAL Delta Air Lines Inc. Add +27.4% 6.11% +0.45 BA The Boeing Co. New 0.09% +0.09 EXK Endeavour Silver Corp. New 0.05% +0.05 MT Arcelormittal-NY Registered New 0.04% +0.04 SLG SL Green Realty Corp. New 0.02% +0.02 SARO Standardaero Inc. New 0.00% +0.00 ISRG Intuitive Surgical Inc. Add +25.1% 1.50% −0.09 NTRA Natera Inc. Add +7.2% 4.12% −0.21 X United States Steel Corp. Add +30.9% 2.46% −0.29 KMI Kinder Morgan Inc. Add +4.5% 4.64% −0.39 VST Vistra Corp. Add +13.6% 8.69% −0.56
Options Activity Q3 2024 → Q4 2024 Security Type Change vs Q3 2024 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put Add +150.0% 3,750,000 $2.2B GLD SPDR Gold Shares call Add +104.2% 5,104,000 $1.2B XOP SS SPDR S&P Og Exp & Prod put Sold out 2,000,000 $263.0Mbefore exit TSLA Tesla Inc. call Sold out 1,000,000 $261.6Mbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 66 $9.3B NTRA, WDC, LLY, SNDK, STX Q1 2026 44 $4.9B NTRA, FIX, EQIX, RTX, WMT Q4 2025 54 $7.0B C, NTRA, LLY, SHOP, CVNA Q3 2025 58 $6.6B VST, C, CVNA, APP, TLN Q2 2025 63 $6.8B VST, C, EQT, CVNA, WMB Q1 2025 34 $3.8B EQT, LLY, WMB, NTRA, SE Q4 2024 43 $4.7B UAL, VST, DAL, WMB, AMZN Q3 2024 35 $3.3B VST, CEG, GEV, UAL, TSLA Q2 2024 46 $2.9B AAPL, KMI, VST, CEG, AER Q1 2024 53 $2.8B VST, FCX, BAC, XBI, KMI