Castle Hook Partners LP

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Castle Hook Partners LP reported 58 stock positions worth $6.6 billion. Its top holding was Vistra (VST) at 10.0% of the portfolio, followed by Citigroup (C, 8.2%) and Carvana (CVNA, 7.7%). Compared with Q2 2025, it opened 25 new positions, sold out of 30, added to 22 and reduced 11. The biggest buy was a new position in Talen Energy (TLN) and the biggest sale an exit from Eqt (EQT).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001687241
Portfolio Value
$6.6B (Q3 2025)
SEC Filing
0000902664-25-004959 ↗ filed Nov 14, 2025

Holdings Value

0$2.0B$4.0B$6.0B$8.0B$10.0B Q1 2024: $2.8B Q1 2024 Q2 2024: $2.9B Q2 2024 Q3 2024: $3.3B Q3 2024 Q4 2024: $4.7B Q4 2024 Q1 2025: $3.8B Q1 2025 Q2 2025: $6.8B Q2 2025 Q3 2025: $6.6B $6.6B Q3 2025 Q4 2025: $7.0B Q4 2025 Q1 2026: $4.9B Q1 2026 Q2 2026: $9.3B Q2 2026

Holdings 58 stocks · $6.6B
VST Vistra Corp. 9.96% 3,356,907 $657.7M Add +0.4%
C Citigroup Inc. 8.21% 5,344,675 $542.5M Reduce -1.0%
CVNA Carvana Co. 7.72% 1,352,266 $510.1M Add +12.8%
APP AppLovin Corp. Class A 6.58% 605,019 $434.7M Add +167.5%
TLN Talen Energy Corp. 6.02% 935,376 $397.9M New
TSLA Tesla Inc. 5.48% 813,296 $361.7M New
LLY Eli Lilly & Co. 4.61% 399,059 $304.5M Add +278.4%
NTRA Natera Inc. 4.26% 1,747,248 $281.3M Add +4.3%
WELL Welltower Inc. 3.51% 1,299,901 $231.6M Add +17.8%
FIX Comfort Systems USA Inc. 3.48% 278,932 $230.2M New
STX Seagate Technology Holdings 3.34% 935,751 $220.9M Add +27.9%
U Unity Software Inc. 3.23% 5,321,167 $213.1M Reduce -6.3%
WDC Western Digital Corp. 3.19% 1,752,403 $210.4M Add +145.9%
CCJ Cameco Corp. 3.04% 2,390,770 $200.5M Add +156.7%
VRT Vertiv Holdings Co. Class A 2.80% 1,227,072 $185.1M New
SHOP Shopify Inc. Class A 2.77% 1,231,484 $183.0M Add +1.0%
INSM Insmed Inc. 2.38% 1,091,405 $157.2M Add +141.1%
FSLR First Solar Inc. 2.27% 678,775 $149.7M New
WMT Walmart Inc. 2.23% 1,429,963 $147.4M Add +370.2%
DKS Dick's Sporting Goods Inc. 2.09% 620,180 $137.8M Add +12303.6%
INTC Intel Corp. 1.75% 3,454,197 $115.9M New
META Meta Platforms Inc. Class A 1.68% 150,878 $110.8M New
CPNG Coupang Inc. 1.56% 3,198,298 $103.0M New
UAL United Airlines Holdings Inc. 1.20% 818,976 $79.0M New
NKE Nike Inc. Class B 1.14% 1,075,319 $75.0M Add +175.4%
ANET Arista Networks Inc. 0.84% 382,597 $55.7M Add +2431.1%
IBIT iShares Bitcoin Trust ETF 0.83% 842,915 $54.8M Reduce -83.0%
CBRE CBRE Group Inc. Class A 0.71% 299,209 $47.1M Add +14.0%
DXCM Dexcom Inc. 0.62% 604,265 $40.7M New
CLF Cleveland-Cliffs Inc. 0.50% 2,689,522 $32.8M New
COF Capital One Financial Corp. 0.25% 79,146 $16.8M Reduce -91.4%
TSCO Tractor Supply Company 0.19% 225,000 $12.8M New
BTU Peabody Energy Corp. 0.17% 414,723 $11.0M New
METC Ramaco Resources Inc. Class A 0.17% 331,107 $11.0M New
CNR Core Natural Resources Inc. 0.16% 129,191 $10.8M New
SCCO Southern Copper Corp. 0.13% 68,759 $8.3M New
SE Sea Ltd.-ADR 0.09% 33,158 $5.9M Reduce -97.5%
AMZN Amazon.com Inc. 0.08% 24,481 $5.4M Reduce -96.6%
V Visa Inc. Class A 0.07% 13,178 $4.5M Add +362.6%
ALK Alaska Air Group Inc. 0.07% 89,120 $4.4M New
GOOG Alphabet Inc. Class C 0.07% 17,897 $4.4M Reduce -94.0%
AVGO Broadcom Inc. 0.07% 13,147 $4.3M Add +3501.9%
SNDK Sandisk Corp. 0.06% 33,770 $3.8M New
NVDA Nvidia Corp. 0.05% 19,180 $3.6M Add +76.7%
MSFT Microsoft Corp. 0.05% 6,113 $3.2M Reduce -14.6%
ZVIA Zevia PBC-A 0.04% 997,545 $2.7M Add +99.5%
BSX Boston Scientific Corp. 0.04% 27,449 $2.7M Reduce -95.3%
GAU Galiano Gold Inc. 0.04% 1,210,000 $2.6M New
OWL Blue Owl Capital Inc. 0.04% 154,944 $2.6M New
GEHC GE Healthcare Technology 0.04% 30,911 $2.3M Reduce -95.6%
CRWV Coreweave Inc. Class A 0.03% 15,111 $2.1M New
MKTX Marketaxess Holdings Inc. 0.03% 11,235 $2.0M New
SPOT Spotify Technology SA 0.03% 2,801 $2.0M Reduce -98.5%
NET Cloudflare Inc. Class A 0.02% 7,052 $1.5M Add +31.4%
SNOW Snowflake Inc. 0.02% 5,291 $1.2M Add +10.6%
LITE Lumentum Holdings Inc. 0.01% 4,716 $767K New
CIEN Ciena Corp. 0.00% 1,748 $255K New
ALAB Astera Labs Inc. 0.00% 1,219 $239K New

Options reported separately and not counted above: GLD calls ($7.6B), SPY puts ($1.4B), IWM puts ($1.4B), QQQ puts ($1.3B), IBIT calls ($1.3B).

Portfolio Sells Q2 2025 → Q3 2025
EQT Eqt Corp. Sold out 0.00% −6.39
WMB Williams Cos Inc. Sold out 0.00% −4.82
KMI Kinder Morgan Inc. Sold out 0.00% −4.34
CRS Carpenter Technology Sold out 0.00% −4.20
IBIT iShares Bitcoin Trust ETF Reduce -83.0% 0.83% −3.63
HOOD Robinhood Markets Inc. Class A Sold out 0.00% −3.62
GS Goldman Sachs Group Inc. Sold out 0.00% −3.39
SE Sea Ltd.-ADR Reduce -97.5% 0.09% −3.01
EXE Expand Energy Corp. Sold out 0.00% −2.97
COF Capital One Financial Corp. Reduce -91.4% 0.25% −2.64
AMZN Amazon.com Inc. Reduce -96.6% 0.08% −2.26
SPOT Spotify Technology SA Reduce -98.5% 0.03% −2.15
FCX Freeport-McMoran Inc. Sold out 0.00% −2.03
INTU Intuit Inc. Sold out 0.00% −1.77
ARM Arm Holdings PLC-ADR Sold out 0.00% −1.25
MNDY Monday.com Ltd. Sold out 0.00% −1.04
TWLO Twilio Inc. Class A Sold out 0.00% −1.02
ATI Ati Inc. Sold out 0.00% −0.95
BSX Boston Scientific Corp. Reduce -95.3% 0.04% −0.87
WWD Woodward Inc. Sold out 0.00% −0.85
ISRG Intuitive Surgical Inc. Sold out 0.00% −0.78
GEHC GE Healthcare Technology Reduce -95.6% 0.04% −0.73
GOOG Alphabet Inc. Class C Reduce -94.0% 0.07% −0.71
SGI Somnigroup International Inc. Sold out 0.00% −0.56
VRNA Verona Pharma Ltd. Sold out 0.00% −0.52
RKLB Rocket Lab Corp. Sold out 0.00% −0.46
AR Antero Resources Corp. Sold out 0.00% −0.31
URI United Rentals Inc. Sold out 0.00% −0.14
FNV Franco-Nevada Corp. Sold out 0.00% −0.11
RBA RB Global Inc. Sold out 0.00% −0.07
CSGP Costar Group Inc. Sold out 0.00% −0.04
GNL Global Net Lease Inc. Sold out 0.00% −0.03
LPLA LPL Financial Holdings Inc. Sold out 0.00% −0.02
XYZ Block Inc. Sold out 0.00% −0.02
MCK McKesson Corp. Sold out 0.00% −0.02
ICE Intercontinental Exchange Inc. Sold out 0.00% −0.02
COHR Coherent Corp. Sold out 0.00% −0.01
MSFT Microsoft Corp. Reduce -14.6% 0.05% −0.00
PLTR Palantir Technologies Inc. Class A Sold out 0.00% −0.00
U Unity Software Inc. Reduce -6.3% 3.23% +1.20
C Citigroup Inc. Reduce -1.0% 8.21% +1.45

Portfolio Buys Q2 2025 → Q3 2025
TLN Talen Energy Corp. New 6.02% +6.02
TSLA Tesla Inc. New 5.48% +5.48
APP AppLovin Corp. Class A Add +167.5% 6.58% +5.42
FIX Comfort Systems USA Inc. New 3.48% +3.48
LLY Eli Lilly & Co. Add +278.4% 4.61% +3.40
VRT Vertiv Holdings Co. Class A New 2.80% +2.80
WDC Western Digital Corp. Add +145.9% 3.19% +2.51
FSLR First Solar Inc. New 2.27% +2.27
DKS Dick's Sporting Goods Inc. Add +12303.6% 2.09% +2.07
CCJ Cameco Corp. Add +156.7% 3.04% +2.02
WMT Walmart Inc. Add +370.2% 2.23% +1.79
STX Seagate Technology Holdings Add +27.9% 3.34% +1.79
CVNA Carvana Co. Add +12.8% 7.72% +1.79
INTC Intel Corp. New 1.75% +1.75
INSM Insmed Inc. Add +141.1% 2.38% +1.71
META Meta Platforms Inc. Class A New 1.68% +1.68
CPNG Coupang Inc. New 1.56% +1.56
UAL United Airlines Holdings Inc. New 1.20% +1.20
WELL Welltower Inc. Add +17.8% 3.51% +1.01
ANET Arista Networks Inc. Add +2431.1% 0.84% +0.82
NKE Nike Inc. Class B Add +175.4% 1.14% +0.73
SHOP Shopify Inc. Class A Add +1.0% 2.77% +0.70
DXCM Dexcom Inc. New 0.62% +0.62
CLF Cleveland-Cliffs Inc. New 0.50% +0.50
VST Vistra Corp. Add +0.4% 9.96% +0.43
TSCO Tractor Supply Company New 0.19% +0.19
CBRE CBRE Group Inc. Class A Add +14.0% 0.71% +0.17
BTU Peabody Energy Corp. New 0.17% +0.17
METC Ramaco Resources Inc. Class A New 0.17% +0.17
CNR Core Natural Resources Inc. New 0.16% +0.16
SCCO Southern Copper Corp. New 0.13% +0.13
NTRA Natera Inc. Add +4.3% 4.26% +0.10
ALK Alaska Air Group Inc. New 0.07% +0.07
AVGO Broadcom Inc. Add +3501.9% 0.07% +0.06
SNDK Sandisk Corp. New 0.06% +0.06
V Visa Inc. Class A Add +362.6% 0.07% +0.05
GAU Galiano Gold Inc. New 0.04% +0.04
OWL Blue Owl Capital Inc. New 0.04% +0.04
CRWV Coreweave Inc. Class A New 0.03% +0.03
MKTX Marketaxess Holdings Inc. New 0.03% +0.03
NVDA Nvidia Corp. Add +76.7% 0.05% +0.03
ZVIA Zevia PBC-A Add +99.5% 0.04% +0.02
LITE Lumentum Holdings Inc. New 0.01% +0.01
NET Cloudflare Inc. Class A Add +31.4% 0.02% +0.01
CIEN Ciena Corp. New 0.00% +0.00
ALAB Astera Labs Inc. New 0.00% +0.00
SNOW Snowflake Inc. Add +10.6% 0.02% +0.00

Options Activity Q2 2025 → Q3 2025
GLD SPDR Gold Shares call Add +109.2% 21,455,700 $7.6B
LLY Eli Lilly & Co. call Sold out 2,051,200 $1.6Bbefore exit
SPY SS SPDR S&P 500 ETF Trust-US put Reduce -66.0% 2,145,600 $1.4B
IWM iShares Russell 2000 ETF put New 5,900,400 $1.4B
QQQ Invesco QQQ Trust Series 1 put New 2,246,100 $1.3B
IBIT iShares Bitcoin Trust ETF call Add +700.0% 20,000,000 $1.3B
MSFT Microsoft Corp. call Sold out 1,538,500 $765.3Mbefore exit
GOOG Alphabet Inc. Class C call Sold out 4,102,600 $727.8Mbefore exit
C Citigroup Inc. call Sold out 5,000,000 $425.6Mbefore exit
IWM iShares Russell 2000 ETF call Sold out 500,000 $107.9Mbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 66$9.3BNTRA, WDC, LLY, SNDK, STX
Q1 2026 44$4.9BNTRA, FIX, EQIX, RTX, WMT
Q4 2025 54$7.0BC, NTRA, LLY, SHOP, CVNA
Q3 2025 58$6.6BVST, C, CVNA, APP, TLN
Q2 2025 63$6.8BVST, C, EQT, CVNA, WMB
Q1 2025 34$3.8BEQT, LLY, WMB, NTRA, SE
Q4 2024 43$4.7BUAL, VST, DAL, WMB, AMZN
Q3 2024 35$3.3BVST, CEG, GEV, UAL, TSLA
Q2 2024 46$2.9BAAPL, KMI, VST, CEG, AER
Q1 2024 53$2.8BVST, FCX, BAC, XBI, KMI