Impala Asset Management LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Impala Asset Management LLC reported 18 stock positions worth $110.9 million. Its top holding was Ero Copper (ERO) at 34.9% of the portfolio, followed by Century Aluminum (CENX, 9.8%) and Buckle (BKE, 7.3%). Compared with Q4 2023, it opened 10 new positions, sold out of 7, added to 5 and reduced 3. The biggest buy was Century Aluminum (CENX, shares +464%) and the biggest sale Cinemark (CNK, shares −91%).
- Most Recent 13F
- Q2 2026
- Location
- Palm Beach, FL
- CIK
- 0001317679
- Portfolio Value
- $110.9M (Q1 2024)
- SEC Filing
- 0001104659-24-061724 ↗ filed May 15, 2024
Holdings Value
Holdings 18 stocks · $110.9M
| ERO Ero Copper Corp. | 34.91% | 2,008,000 | $38.7M | Reduce -6.6% |
| CENX Century Aluminum Company | 9.78% | 705,000 | $10.8M | Add +464.0% |
| BKE The Buckle Inc. | 7.26% | 200,000 | $8.1M | Add +2.2% |
| GUSH Direxion Daily S&P Oil & Gas | 5.18% | 140,000 | $5.7M | Add +86.7% |
| DAL Delta Air Lines Inc. | 5.01% | 116,128 | $5.6M | New |
| DVN Devon Energy Corp. | 4.98% | 110,000 | $5.5M | New |
| WFG West Fraser Timber Co. Ltd. | 4.67% | 60,000 | $5.2M | Add +300.0% |
| RIO Rio Tinto PLC-Spon ADR | 4.31% | 75,000 | $4.8M | New |
| AA Alcoa Corp. | 3.94% | 129,500 | $4.4M | Add +90.5% |
| LBRT Liberty Energy Inc. | 3.55% | 190,000 | $3.9M | Reduce -9.5% |
| HOG Harley-Davidson Inc. | 3.55% | 90,000 | $3.9M | New |
| GM General Motors Co. | 2.86% | 70,000 | $3.2M | New |
| KEX Kirby Corp. | 2.15% | 25,000 | $2.4M | New |
| MRO Marathon Oil Corp. | 1.92% | 75,000 | $2.1M | New |
| CNK Cinemark Holdings Inc. | 1.70% | 105,000 | $1.9M | Reduce -90.7% |
| OR Osisko Gold Royalties Ltd. | 1.63% | 110,000 | $1.8M | New |
| NGD New Gold Inc. | 1.53% | 1,000,000 | $1.7M | New |
| AEM Agnico Eagle Mines Ltd. | 1.08% | 20,000 | $1.2M | New |
Portfolio Sells Q4 2023 → Q1 2024
| CNK Cinemark Holdings Inc. | Reduce -90.7% | 1.70% | −15.52 |
| VSXY Victoria's Secret & Co. | Sold out | 0.00% | −8.18 |
| VALE Vale SA-SP ADR | Sold out | 0.00% | −7.55 |
| ARCH Arch Resources Inc. | Sold out | 0.00% | −2.96 |
| ARCB Arcbest Corp. | Sold out | 0.00% | −1.95 |
| FCX Freeport-McMoran Inc. | Sold out | 0.00% | −1.84 |
| ALK Alaska Air Group Inc. | Sold out | 0.00% | −1.27 |
| ERO Ero Copper Corp. | Reduce -6.6% | 34.91% | −1.13 |
| DOO BRP Inc./Ca- Sub Voting | Sold out | 0.00% | −0.63 |
| LBRT Liberty Energy Inc. | Reduce -9.5% | 3.55% | −0.57 |
Portfolio Buys Q4 2023 → Q1 2024
| CENX Century Aluminum Company | Add +464.0% | 9.78% | +8.14 |
| DAL Delta Air Lines Inc. | New | 5.01% | +5.01 |
| DVN Devon Energy Corp. | New | 4.98% | +4.98 |
| RIO Rio Tinto PLC-Spon ADR | New | 4.31% | +4.31 |
| HOG Harley-Davidson Inc. | New | 3.55% | +3.55 |
| WFG West Fraser Timber Co. Ltd. | Add +300.0% | 4.67% | +3.28 |
| GM General Motors Co. | New | 2.86% | +2.86 |
| GUSH Direxion Daily S&P Oil & Gas | Add +86.7% | 5.18% | +2.52 |
| KEX Kirby Corp. | New | 2.15% | +2.15 |
| MRO Marathon Oil Corp. | New | 1.92% | +1.92 |
| OR Osisko Gold Royalties Ltd. | New | 1.63% | +1.63 |
| NGD New Gold Inc. | New | 1.53% | +1.53 |
| AA Alcoa Corp. | Add +90.5% | 3.94% | +1.44 |
| AEM Agnico Eagle Mines Ltd. | New | 1.08% | +1.08 |
| BKE The Buckle Inc. | Add +2.2% | 7.26% | −2.79 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 20 | $176.4M | CENX, ERO, BKE, DOW, TROX |
| Q1 2026 | 26 | $214.6M | CENX, ERO, BKE, TRONOX HOLDINGS PLC, EMN |
| Q4 2025 | 23 | $158.7M | CENX, ERO, BKE, HUN, WHR |
| Q3 2025Amended | 20 | $161.1M | ERO, CENX, ASO, HUN, BKE |
| Q2 2025Amended | 23 | $158.0M | ERO, ASO, BKE, CENX, HUN |
| Q1 2025Amended | 19 | $130.2M | ERO, CENX, BKE, TECK, ASO |
| Q4 2024 | 14 | $123.7M | ERO, ASO, BKE, CENX, WFG |
| Q3 2024 | 16 | $164.5M | ERO, BKE, WFG, CENX, GUSH |
| Q2 2024 | 15 | $110.6M | ERO, CENX, WFG, BKE, GUSH |
| Q1 2024 | 18 | $110.9M | ERO, CENX, BKE, GUSH, DAL |