Highland Peak Capital, LLC In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 9, 2025), Highland Peak Capital, LLC reported 8 stock positions worth $134.1 million . Its top holding was O-I Glass (OI) at 29.8% of the portfolio, followed by Western Digital (WDC, 21.4% ) and Hallador Energy (HNRG, 13.0% ). Compared with Q4 2024, it opened 2 new positions, sold out of 10, added to 5 and reduced 1. The biggest buy was Western Digital (WDC, shares +235% ) and the biggest sale an exit from United Airlines (UAL).
Location OLD GREENWICH, CT
CIK 0001961320
Portfolio Value $134.1M (Q1 2025) Holdings 8 stocks · $134.1M 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 Q4 2024 OI O-I Glass Inc. 3,483,187 $40.0M Reduce -10.2% WDC Western Digital Corp. 710,231 $28.7M Add +235.3% HNRG Hallador Energy Co. 1,415,480 $17.4M Add +174.9% FIP Ftai Infrastructure Inc. 3,466,774 $15.7M Add +127.4% GEO The Geo Group Inc. 364,608 $10.7M New ACHC Acadia Healthcare Co. Inc. 326,837 $9.9M Add +227.2% GRFS Grifols SA-ADR 975,835 $6.9M Add +24.1% EYE National Vision Holdings Inc. 380,498 $4.9M New
Options reported separately and not counted above: HNRG calls ($1.8M).
Portfolio Sells Q4 2024 → Q1 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 Q4 2024 % Of Portfolio Change To Portfolio ▲ UAL United Airlines Holdings Inc. Sold out 0.00% −11.77 MEOH Methanex Corp. Sold out 0.00% −7.21 CZR Caesars Entertainment Inc. Sold out 0.00% −6.26 ULCC Frontier Group Holdings Inc. Sold out 0.00% −4.50 AL Sumisho Air Lease Corp. Sold out 0.00% −3.81 CORZ Core Scientific Inc. Sold out 0.00% −3.73 DK Delek US Holdings Inc. Sold out 0.00% −2.72 EWCZ European Wax Center Inc. Class A Sold out 0.00% −1.90 PBF PBF Energy Inc. Class A Sold out 0.00% −0.93 XLP SS Consumer Staples Sel Sect Sold out 0.00% −0.70 OI O-I Glass Inc. Reduce -10.2% 29.79% +0.65
Portfolio Buys Q4 2024 → Q1 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 Q4 2024 % Of Portfolio Change To Portfolio ▼ WDC Western Digital Corp. Add +235.3% 21.41% +12.65 HNRG Hallador Energy Co. Add +174.9% 12.96% +8.87 GEO The Geo Group Inc. New 7.94% +7.94 ACHC Acadia Healthcare Co. Inc. Add +227.2% 7.39% +4.64 FIP Ftai Infrastructure Inc. Add +127.4% 11.71% +4.03 EYE National Vision Holdings Inc. New 3.63% +3.63 GRFS Grifols SA-ADR Add +24.1% 5.17% +1.12
Options Activity Q4 2024 → Q1 2025 Security Type Change vs Q4 2024 Underlying Shares Value ▼ GEV GE Vernova Inc. put Sold out 30,000 $9.9Mbefore exit ACHC Acadia Healthcare Co. Inc. call Sold out 220,000 $8.7Mbefore exit X United States Steel Corp. call Sold out 250,000 $8.5Mbefore exit JETS US Global Jets ETF put Sold out 300,000 $7.6Mbefore exit FTRE Fortrea Holdings Inc. call Sold out 200,000 $3.7Mbefore exit HNRG Hallador Energy Co. call New 150,000 $1.8M
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 13 $343.6M SIMO, HPE, CC, BKD, LBTYA Q1 2026 13 $229.6M SIMO, CC, DCH, HPE, LBTYA Q4 2025 12 $259.4M SIMO, MHK, DCH, SN, OI Q3 2025 11 $267.0M SN, OI, SIMO, OC, DCH Q2 2025 10 $244.6M OI, SN, WDC, FUN, GEO Q1 2025 8 $134.1M OI, WDC, HNRG, FIP, GEO Q4 2024 16 $144.2M OI, UAL, WDC, FIP, MEOH Q3 2024 16 $154.4M CZR, OI, FIP, UAL, CSTM Q2 2024 17 $144.8M CSTM, SN, CZR, ATMU, GRFS Q1 2024 15 $164.7M CSTM, SN, ATMU, ALIT, PRGO