Hartree Partners, LP

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), Hartree Partners, LP reported 53 stock positions worth $346.9 million. Its top holding was Star (SGU) at 10.6% of the portfolio, followed by Global Partners (GLP, 9.5%) and Teck Resources Ltd.-CLS B (TECK, 8.2%). Compared with Q2 2024, it opened 17 new positions, sold out of 20, added to 13 and reduced 18. The biggest buy was a new position in Talen Energy (TLN) and the biggest sale an exit from Cheniere Energy (LNG).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001597857
Portfolio Value
$346.9M (Q3 2024)
SEC Filing
0001597857-24-000006 ↗ filed Nov 13, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $384.6M Q1 2024 Q2 2024: $398.1M Q2 2024 Q3 2024: $346.9M $346.9M Q3 2024 Q4 2024: $267.8M Q4 2024 Q1 2025: $275.7M Q1 2025 Q2 2025: $352.8M Q2 2025 Q3 2025: $288.0M Q3 2025 Q4 2025: $273.6M Q4 2025 Q1 2026: $460.4M Q1 2026 Q2 2026: $464.8M Q2 2026

Holdings 53 stocks · $346.9M
SGU Star Group LP 10.57% 3,123,253 $36.7M No change
GLP Global Partners LP 9.50% 708,080 $33.0M No change
TECK Teck Resources Ltd.-CLS B 8.23% 546,543 $28.6M Reduce -23.9%
EXE Expand Energy Corp. filed as CHESAPEAKE ENERGY CORP 8.21% 346,096 $28.5M Add +9.2%
STNG Scorpio Tankers Inc. 8.01% 389,600 $27.8M Reduce -23.9%
TLN Talen Energy Corp. 5.88% 114,500 $20.4M New
VST Vistra Corp. 5.63% 164,750 $19.5M Reduce -55.5%
NE Noble Corp. PLC 3.72% 357,001 $12.9M Reduce -0.1%
SDRL Seadrill Limited 3.66% 319,198 $12.7M Reduce -5.5%
VRN Veren Inc. 3.51% 1,978,000 $12.2M Reduce -17.6%
ARCH Arch Resources Inc. 2.94% 73,718 $10.2M Add +166.5%
DBRG Digitalbridge Group Inc. 2.36% 580,000 $8.2M New
EQT Eqt Corp. 2.12% 201,000 $7.4M New
PR Permian Resources Corp. Class A 1.99% 507,000 $6.9M Add +64.6%
PTEN Patterson-Uti Energy Inc. 1.74% 790,000 $6.0M Reduce -50.3%
HBM Hudbay Minerals Inc. 1.59% 601,368 $5.5M Reduce -42.3%
PDS Precision Drilling Corp. 1.51% 85,000 $5.2M Reduce -15.0%
MEOH Methanex Corp. 1.49% 125,000 $5.2M New
SW Smurfit Westrock PLC 1.33% 93,304 $4.6M New
DAR Darling Ingredients Inc. 1.23% 115,000 $4.3M Add +91.7%
CGAU Centerra Gold Inc. 1.20% 578,450 $4.2M Add +9.3%
FRO Frontline PLC 1.19% 182,115 $4.1M New
XPRO Expro Group Holdings NV 1.10% 223,000 $3.8M No change
GFR Greenfire Resources Ltd. 1.09% 508,980 $3.8M Reduce -15.2%
X United States Steel Corp. 1.09% 106,937 $3.8M Reduce -41.6%
SHMD Schmid Group NV 1.04% 1,035,000 $3.6M Add +146.4%
TAC Transalta Corp. 0.91% 303,700 $3.1M Add +1.2%
PUMP Propetro Holding Corp. 0.87% 394,008 $3.0M Reduce -25.5%
EFXT Enerflex Ltd. 0.86% 500,000 $3.0M Reduce -54.5%
BP BP PLC-Spons ADR 0.54% 60,000 $1.9M Add +20.0%
IAG Iamgold Corp. 0.52% 345,000 $1.8M New
SHEL Shell PLC-ADR 0.45% 23,500 $1.5M Add +16.6%
NXE Nexgen Energy Ltd. 0.44% 235,000 $1.5M Add +213.3%
FSLR First Solar Inc. 0.40% 5,600 $1.4M New
CVE Cenovus Energy Inc. 0.38% 77,951 $1.3M Reduce -28.2%
WCC Wesco International Inc. 0.32% 6,534 $1.1M Reduce -30.7%
ASTL Algoma Steel Group Inc. 0.31% 105,767 $1.1M Add +3.6%
SGML Sigma Lithium Corp. 0.30% 84,501 $1.0M New
AZUL S A 0.30% 300,000 $1.0M New
ETN Eaton Corp. PLC 0.26% 2,750 $911K Add +175.0%
DHT DHT Holdings Inc. 0.22% 70,000 $772K New
MAC COPPER LTD filed as METALS ACQUISITION LIMITED 0.20% 49,981 $692K Add +29.4%
BTU Peabody Energy Corp. 0.18% 23,567 $625K No change
EQX Equinox Gold Corp. 0.13% 75,000 $457K New
NBR Nabors Industries Ltd. 0.10% 5,200 $335K Reduce -92.8%
HAFN Hafnia Ltd. 0.07% 34,208 $245K Reduce -83.8%
ZIM Zim Integrated Shipping Serv 0.07% 8,800 $226K New
CNQ Canadian Natural Resources 0.06% 6,766 $225K Reduce -68.6%
CLMT Calumet Inc. 0.06% 11,316 $202K New
HSHP Himalaya Shipping Ltd. 0.05% 18,687 $169K No change
EXK Endeavour Silver Corp. 0.03% 28,507 $113K New
LAR Lithium Americas Argentina C 0.03% 27,415 $89K New
NGD New Gold Inc. 0.01% 10,616 $31K New

Options reported separately and not counted above: EXPAND ENERGY CORPORATION calls ($30.4M), XOP puts ($19.7M), ZIM INTEGRATED SHIPPING SERV calls ($13.9M), DHT HOLDINGS INC calls ($12.7M), VISTRA CORP puts ($5.9M), FREEPORT MCMORAN INC puts ($5.0M), BRLSW calls ($35K), MLECW calls ($16K), GRDIW calls ($13K), FNVWF calls ($8K), RFACW calls ($7K), OUSTZ calls ($6K).

Other holdings (5): bonds, preferreds, convertibles and warrants · $1.2M (not counted above)
SecurityClassShares / PrincipalValueChange
SHMDW Schmid Group NV -28 *W EXP 04/30/202 2,448,800$735KAdd +4.1%
SABLE OFFSHORE CORP *W EXP 02/14/202 100,000$427KNo change
RFACR RF Acquisition Corp.- Rights RIGHT 05/01/2028 225,000$27KNo change
ABVWF Above Food Ingredients- 29 *W EXP 06/28/202 310,000$6KNew
SLXNW Biomotion Sciences-CW29 *W EXP 08/15/202 187,500$6KNew

Total filed on the 13F, all lines: $348.1M.

Portfolio Sells Q2 2024 → Q3 2024
LNG Cheniere Energy Inc. Sold out 0.00% −5.58
SWN Southwestern Energy Co. Sold out 0.00% −2.92
STNG Scorpio Tankers Inc. Reduce -23.9% 8.01% −2.45
PTEN Patterson-Uti Energy Inc. Reduce -50.3% 1.74% −2.40
VST Vistra Corp. Reduce -55.5% 5.63% −2.37
VRN Veren Inc. Reduce -17.6% 3.51% −1.24
NBR Nabors Industries Ltd. Reduce -92.8% 0.10% −1.20
HBM Hudbay Minerals Inc. Reduce -42.3% 1.59% −0.77
SDRL Seadrill Limited Reduce -5.5% 3.66% −0.71
X United States Steel Corp. Reduce -41.6% 1.09% −0.65
EFXT Enerflex Ltd. Reduce -54.5% 0.86% −0.63
GLNG Golar LNG Ltd. Sold out 0.00% −0.63
SMHI Seacor Marine Holdings Inc. Sold out 0.00% −0.49
OI O-I Glass Inc. Sold out 0.00% −0.43
TECK Teck Resources Ltd.-CLS B Reduce -23.9% 8.23% −0.41
HAFN Hafnia Ltd. Reduce -83.8% 0.07% −0.37
IBIT iShares Bitcoin Trust ETF Sold out 0.00% −0.35
VISTRA CORP Sold out 0.00% −0.32
NE Noble Corp. PLC Reduce -0.1% 3.72% −0.29
PUMP Propetro Holding Corp. Reduce -25.5% 0.87% −0.28
PNW Pinnacle West Capital Sold out 0.00% −0.27
XEL Xcel Energy Inc. Sold out 0.00% −0.27
PDS Precision Drilling Corp. Reduce -15.0% 1.51% −0.26
AES AES Corp. Sold out 0.00% −0.22
SRE Sempra Sold out 0.00% −0.19
SCORPIO TANKERS INC Sold out 0.00% −0.19
FREEPORT MCMORAN INC Sold out 0.00% −0.17
CVE Cenovus Energy Inc. Reduce -28.2% 0.38% −0.16
CENX Century Aluminum Company Sold out 0.00% −0.14
CNQ Canadian Natural Resources Reduce -68.6% 0.06% −0.13
SDIG Stronghold Digital Mining-A Sold out 0.00% −0.12
EATON CORP PLC Sold out 0.00% −0.10
VISTRA CORP Sold out 0.00% −0.10
SOUTHERN COPPER CORP Sold out 0.00% −0.09
SPDR SERIES TRUST Sold out 0.00% −0.07
ALBEMARLE CORP Sold out 0.00% −0.07
WCC Wesco International Inc. Reduce -30.7% 0.32% −0.06
GFR Greenfire Resources Ltd. Reduce -15.2% 1.09% +0.07

Portfolio Buys Q2 2024 → Q3 2024
TLN Talen Energy Corp. New 5.88% +5.88
DBRG Digitalbridge Group Inc. New 2.36% +2.36
EQT Eqt Corp. New 2.12% +2.12
ARCH Arch Resources Inc. Add +166.5% 2.94% +1.88
EXE Expand Energy Corp. Add +9.2% 8.21% +1.66
MEOH Methanex Corp. New 1.49% +1.49
SW Smurfit Westrock PLC New 1.33% +1.33
FRO Frontline PLC New 1.19% +1.19
PR Permian Resources Corp. Class A Add +64.6% 1.99% +0.74
DAR Darling Ingredients Inc. Add +91.7% 1.23% +0.68
SHMD Schmid Group NV Add +146.4% 1.04% +0.61
IAG Iamgold Corp. New 0.52% +0.52
FSLR First Solar Inc. New 0.40% +0.40
TAC Transalta Corp. Add +1.2% 0.91% +0.37
NXE Nexgen Energy Ltd. Add +213.3% 0.44% +0.31
CGAU Centerra Gold Inc. Add +9.3% 1.20% +0.30
SGML Sigma Lithium Corp. New 0.30% +0.30
AZUL S A New 0.30% +0.30
DHT DHT Holdings Inc. New 0.22% +0.22
ETN Eaton Corp. PLC Add +175.0% 0.26% +0.18
ASTL Algoma Steel Group Inc. Add +3.6% 0.31% +0.13
EQX Equinox Gold Corp. New 0.13% +0.13
BP BP PLC-Spons ADR Add +20.0% 0.54% +0.09
SHEL Shell PLC-ADR Add +16.6% 0.45% +0.08
MAC COPPER LTD Add +29.4% 0.20% +0.07
ZIM Zim Integrated Shipping Serv New 0.07% +0.07
CLMT Calumet Inc. New 0.06% +0.06
EXK Endeavour Silver Corp. New 0.03% +0.03
LAR Lithium Americas Argentina C New 0.03% +0.03
NGD New Gold Inc. New 0.01% +0.01

Options Activity Q2 2024 → Q3 2024
EXPAND ENERGY CORPORATION call New 370,000 $30.4M
XOP SS SPDR S&P Og Exp & Prod put New 150,000 $19.7M
ZIM INTEGRATED SHIPPING SERV call New 540,000 $13.9M
DHT HOLDINGS INC call New 1,153,300 $12.7M
VISTRA CORP put New 50,000 $5.9M
FREEPORT MCMORAN INC put New 100,000 $5.0M
NPWR.WS Rice Acquisition Corp. II-CW call Sold out 92,500 $211Kbefore exit
NBSTW Newbury Street Acq -CW27 call Sold out 362,500 $22Kbefore exit
MACAW Moringa Acquisition Cor-CW26 call Sold out 187,500 $15Kbefore exit
OUSTZ Ouster Inc. -CW25 call Reduce -33.1% 98,616 $6K

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

Notes & Other Activity Q2 2024 → Q3 2024
SHMDW Schmid Group NV -28 *W EXP 04/30/202 Add +4.1% 2,448,800 $735K
ABVWF Above Food Ingredients- 29 *W EXP 06/28/202 New 310,000 $6K
SLXNW Biomotion Sciences-CW29 *W EXP 08/15/202 New 187,500 $6K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 109$464.8MSGU, DVN, OVV, HDSN, TNK
Q1 2026 108$460.4MSGU, VG, OVV, HDSN, LNG
Q4 2025 59$273.6MSGU, HDSN, OVV, GLP, B
Q3 2025 68$288.0MSGU, HDSN, GLP, TNK, HAL
Q2 2025 54$352.8MSGU, HDSN, GLP, TNK, JBS
Q1 2025 42$275.7MSGU, GLP, HDSN, FRO, EXE
Q4 2024 54$267.8MSGU, GLP, VST, ET, FRO
Q3 2024 53$346.9MSGU, GLP, TECK, EXE, STNG
Q2 2024 56$398.1MSTNG, TECK, SGU, GLP, VST
Q1 2024 41$384.6MVST, STNG, TECK, GLP, SGU