In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Castle Hook Partners LP reported 63 stock positions worth $6.8 billion . Its top holding was Vistra (VST) at 9.5% of the portfolio, followed by Citigroup (C, 6.8% ) and Eqt (EQT, 6.4% ). Compared with Q1 2025, it opened 40 new positions, sold out of 11, added to 15 and reduced 8. The biggest buy was Vistra (VST, shares +255% ) and the biggest sale Eli Lilly (LLY, shares −67% ).
Location NEW YORK, NY
CIK 0001687241
Portfolio Value $6.8B (Q2 2025) Holdings 63 stocks · $6.8B 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 Q1 2025 VST Vistra Corp. 3,344,137 $648.1M Add +255.3% C Citigroup Inc. 5,400,953 $459.7M Add +79.6% EQT Eqt Corp. 7,450,648 $434.5M Add +23.3% CVNA Carvana Co. 1,198,254 $403.8M Add +20.1% WMB Williams Cos Inc. 5,216,689 $327.7M Add +28.7% IBIT iShares Bitcoin Trust ETF 4,954,615 $303.3M Add +231.1% KMI Kinder Morgan Inc. 10,035,599 $295.0M Add +43.4% CRS Carpenter Technology 1,034,097 $285.8M New NTRA Natera Inc. 1,674,614 $282.9M Add +6.8% HOOD Robinhood Markets Inc. Class A 2,628,756 $246.1M Add +371.9% GS Goldman Sachs Group Inc. 325,763 $230.6M New SE Sea Ltd.-ADR 1,319,200 $211.0M Reduce -21.1% EXE Expand Energy Corp. 1,725,852 $201.8M Reduce -0.2% COF Capital One Financial Corp. 924,157 $196.6M New WELL Welltower Inc. 1,103,885 $169.7M Add +17.7% AMZN Amazon.com Inc. 725,416 $159.1M New SPOT Spotify Technology SA 193,390 $148.4M Add +49.1% SHOP Shopify Inc. Class A 1,218,885 $140.6M Add +66.0% FCX Freeport-McMoran Inc. 3,184,797 $138.1M Reduce -41.9% U Unity Software Inc. 5,679,430 $137.4M New INTU Intuit Inc. 152,842 $120.4M New STX Seagate Technology Holdings 731,803 $105.6M New ARM Arm Holdings PLC-ADR 525,825 $85.0M New LLY Eli Lilly & Co. 105,450 $82.2M Reduce -66.6% APP AppLovin Corp. Class A 226,171 $79.2M Reduce -14.3% MNDY Monday.com Ltd. 224,645 $70.6M New TWLO Twilio Inc. Class A 558,776 $69.5M New CCJ Cameco Corp. 931,494 $69.1M New ATI Ati Inc. 744,648 $64.3M New BSX Boston Scientific Corp. 579,148 $62.2M Reduce -30.1% WWD Woodward Inc. 234,988 $57.6M New ISRG Intuitive Surgical Inc. 97,019 $52.7M Add +9.3% GOOG Alphabet Inc. Class C 296,125 $52.5M New GEHC GE Healthcare Technology 706,147 $52.3M New WDC Western Digital Corp. 712,683 $45.6M New INSM Insmed Inc. 452,656 $45.6M New SGI Somnigroup International Inc. 561,454 $38.2M Add +18.2% CBRE CBRE Group Inc. Class A 262,558 $36.8M New VRNA Verona Pharma Ltd. 372,795 $35.3M New RKLB Rocket Lab Corp. 865,271 $31.0M New WMT Walmart Inc. 304,090 $29.7M Reduce -73.6% NKE Nike Inc. Class B 390,391 $27.7M New AR Antero Resources Corp. 527,374 $21.2M Reduce -58.3% URI United Rentals Inc. 12,181 $9.2M New FNV Franco-Nevada Corp. 45,730 $7.5M New RBA RB Global Inc. 47,583 $5.1M Add +73.0% MSFT Microsoft Corp. 7,159 $3.6M New CSGP Costar Group Inc. 31,593 $2.5M New GNL Global Net Lease Inc. 300,000 $2.3M New NVDA Nvidia Corp. 10,855 $1.7M New ZVIA Zevia PBC-A 500,000 $1.6M New ANET Arista Networks Inc. 15,116 $1.5M New LPLA LPL Financial Holdings Inc. 4,046 $1.5M New XYZ Block Inc. 19,909 $1.4M New MCK McKesson Corp. 1,717 $1.3M New SNOW Snowflake Inc. 4,783 $1.1M New NET Cloudflare Inc. Class A 5,365 $1.1M New ICE Intercontinental Exchange Inc. 5,622 $1.0M New V Visa Inc. Class A 2,849 $1.0M New DKS Dick's Sporting Goods Inc. 5,000 $989K New COHR Coherent Corp. 7,839 $699K New AVGO Broadcom Inc. 365 $101K New PLTR Palantir Technologies Inc. Class A 726 $99K New
Options reported separately and not counted above: SPY puts ($3.9B), GLD calls ($3.1B), LLY calls ($1.6B), MSFT calls ($765.3M), GOOG calls ($727.8M), C calls ($425.6M), IBIT calls ($153.0M), IWM calls ($107.9M).
Portfolio Sells Q1 2025 → Q2 2025 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 Q1 2025 % Of Portfolio Change To Portfolio ▲ LLY Eli Lilly & Co. Reduce -66.6% 1.21% −5.64 X United States Steel Corp. Sold out 0.00% −5.21 GEV GE Vernova Inc. Sold out 0.00% −5.08 FCX Freeport-McMoran Inc. Reduce -41.9% 2.03% −3.43 SE Sea Ltd.-ADR Reduce -21.1% 3.10% −2.64 WMT Walmart Inc. Reduce -73.6% 0.44% −2.23 EXE Expand Energy Corp. Reduce -0.2% 2.97% −2.10 CTRA Coterra Energy Inc. Sold out 0.00% −1.43 UAL United Airlines Holdings Inc. Sold out 0.00% −1.32 BSX Boston Scientific Corp. Reduce -30.1% 0.91% −1.29 DASH DoorDash Inc. Class A Sold out 0.00% −1.04 AR Antero Resources Corp. Reduce -58.3% 0.31% −1.03 NUE Nucor Corp. Sold out 0.00% −1.00 DAL Delta Air Lines Inc. Sold out 0.00% −0.78 APP AppLovin Corp. Class A Reduce -14.3% 1.16% −0.68 RGA Reinsurance Group of America Sold out 0.00% −0.67 MT Arcelormittal-NY Registered Sold out 0.00% −0.33 SLG SL Green Realty Corp. Sold out 0.00% −0.02 IONS Ionis Pharmaceuticals Inc. Sold out 0.00% −0.02
Portfolio Buys Q1 2025 → Q2 2025 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 Q1 2025 % Of Portfolio Change To Portfolio ▼ VST Vistra Corp. Add +255.3% 9.53% +6.62 CRS Carpenter Technology New 4.20% +4.20 GS Goldman Sachs Group Inc. New 3.39% +3.39 HOOD Robinhood Markets Inc. Class A Add +371.9% 3.62% +3.01 COF Capital One Financial Corp. New 2.89% +2.89 IBIT iShares Bitcoin Trust ETF Add +231.1% 4.46% +2.62 AMZN Amazon.com Inc. New 2.34% +2.34 U Unity Software Inc. New 2.02% +2.02 INTU Intuit Inc. New 1.77% +1.77 STX Seagate Technology Holdings New 1.55% +1.55 ARM Arm Holdings PLC-ADR New 1.25% +1.25 C Citigroup Inc. Add +79.6% 6.76% +1.14 MNDY Monday.com Ltd. New 1.04% +1.04 TWLO Twilio Inc. Class A New 1.02% +1.02 CCJ Cameco Corp. New 1.02% +1.02 ATI Ati Inc. New 0.95% +0.95 WWD Woodward Inc. New 0.85% +0.85 GOOG Alphabet Inc. Class C New 0.77% +0.77 GEHC GE Healthcare Technology New 0.77% +0.77 WDC Western Digital Corp. New 0.67% +0.67 INSM Insmed Inc. New 0.67% +0.67 CBRE CBRE Group Inc. Class A New 0.54% +0.54 VRNA Verona Pharma Ltd. New 0.52% +0.52 RKLB Rocket Lab Corp. New 0.46% +0.46 CVNA Carvana Co. Add +20.1% 5.94% +0.45 NKE Nike Inc. Class B New 0.41% +0.41 SPOT Spotify Technology SA Add +49.1% 2.18% +0.31 SHOP Shopify Inc. Class A Add +66.0% 2.07% +0.22 URI United Rentals Inc. New 0.14% +0.14 FNV Franco-Nevada Corp. New 0.11% +0.11 MSFT Microsoft Corp. New 0.05% +0.05 CSGP Costar Group Inc. New 0.04% +0.04 GNL Global Net Lease Inc. New 0.03% +0.03 NVDA Nvidia Corp. New 0.03% +0.03 ZVIA Zevia PBC-A New 0.02% +0.02 ANET Arista Networks Inc. New 0.02% +0.02 LPLA LPL Financial Holdings Inc. New 0.02% +0.02 XYZ Block Inc. New 0.02% +0.02 MCK McKesson Corp. New 0.02% +0.02 SNOW Snowflake Inc. New 0.02% +0.02 NET Cloudflare Inc. Class A New 0.02% +0.02 ICE Intercontinental Exchange Inc. New 0.02% +0.02 V Visa Inc. Class A New 0.01% +0.01 DKS Dick's Sporting Goods Inc. New 0.01% +0.01 COHR Coherent Corp. New 0.01% +0.01 RBA RB Global Inc. Add +73.0% 0.07% +0.00 AVGO Broadcom Inc. New 0.00% +0.00 PLTR Palantir Technologies Inc. Class A New 0.00% +0.00 SGI Somnigroup International Inc. Add +18.2% 0.56% −0.19 ISRG Intuitive Surgical Inc. Add +9.3% 0.78% −0.38
Options Activity Q1 2025 → Q2 2025 Security Type Change vs Q1 2025 Underlying Shares Value ▼ STATE STR SPDR S&P 500 ETF T put Sold out 8,800,000 $5.2Bbefore exit SPY SS SPDR S&P 500 ETF Trust-US put New 6,303,800 $3.9B GLD SPDR Gold Shares call New 10,256,400 $3.1B LLY Eli Lilly & Co. call New 2,051,200 $1.6B MSFT Microsoft Corp. call New 1,538,500 $765.3M GOOG Alphabet Inc. Class C call New 4,102,600 $727.8M FREEPORT MCMORAN INC call Sold out 15,000,000 $571.2Mbefore exit C Citigroup Inc. call New 5,000,000 $425.6M IBIT iShares Bitcoin Trust ETF call New 2,500,000 $153.0M INVESCO QQQ TR call Sold out 250,000 $127.8Mbefore exit IWM iShares Russell 2000 ETF call New 500,000 $107.9M
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