Impala Asset Management LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 15, 2024), Impala Asset Management LLC reported 15 stock positions worth $110.6 million. Its top holding was Ero Copper (ERO) at 37.9% of the portfolio, followed by Century Aluminum (CENX, 12.9%) and West Fraser Timber (WFG, 8.7%). Compared with Q1 2024, it opened 7 new positions, sold out of 10, added to 5 and reduced 3. The biggest buy was a new position in American Eagle Outfitters (AEO) and the biggest sale an exit from Delta Air Lines (DAL).
- Most Recent 13F
- Q2 2026
- Location
- Palm Beach, FL
- CIK
- 0001317679
- Portfolio Value
- $110.6M (Q2 2024)
- SEC Filing
- 0001104659-24-090058 ↗ filed Aug 15, 2024
Holdings Value
Holdings 15 stocks · $110.6M
| ERO Ero Copper Corp. | 37.89% | 1,961,220 | $41.9M | Reduce -2.3% |
| CENX Century Aluminum Company | 12.87% | 850,000 | $14.2M | Add +20.6% |
| WFG West Fraser Timber Co. Ltd. | 8.68% | 125,000 | $9.6M | Add +108.3% |
| BKE The Buckle Inc. | 8.51% | 254,727 | $9.4M | Add +27.4% |
| GUSH Direxion Daily S&P Oil & Gas | 7.04% | 219,700 | $7.8M | Add +56.9% |
| AEO American Eagle Outfitters | 4.96% | 275,000 | $5.5M | New |
| LBRT Liberty Energy Inc. | 3.49% | 185,000 | $3.9M | Reduce -2.6% |
| ASO Academy Sports & Outdoors Inc. | 3.37% | 70,000 | $3.7M | New |
| EXPE Expedia Group Inc. | 3.02% | 26,500 | $3.3M | New |
| XOM Exxon Mobil Corp. | 2.34% | 22,500 | $2.6M | New |
| ARCB Arcbest Corp. | 2.18% | 22,500 | $2.4M | New |
| RGR Sturm Ruger & Co. Inc. | 2.01% | 53,500 | $2.2M | New |
| NGD New Gold Inc. | 1.93% | 1,092,000 | $2.1M | Add +9.2% |
| VALE Vale SA-SP ADR | 1.51% | 150,000 | $1.7M | New |
| CNK Cinemark Holdings Inc. | 0.20% | 10,000 | $216K | Reduce -90.5% |
Portfolio Sells Q1 2024 → Q2 2024
| DAL Delta Air Lines Inc. | Sold out | 0.00% | −5.01 |
| DVN Devon Energy Corp. | Sold out | 0.00% | −4.98 |
| RIO Rio Tinto PLC-Spon ADR | Sold out | 0.00% | −4.31 |
| AA Alcoa Corp. | Sold out | 0.00% | −3.94 |
| HOG Harley-Davidson Inc. | Sold out | 0.00% | −3.55 |
| GM General Motors Co. | Sold out | 0.00% | −2.86 |
| KEX Kirby Corp. | Sold out | 0.00% | −2.15 |
| MRO Marathon Oil Corp. | Sold out | 0.00% | −1.92 |
| OR Osisko Gold Royalties Ltd. | Sold out | 0.00% | −1.63 |
| CNK Cinemark Holdings Inc. | Reduce -90.5% | 0.20% | −1.51 |
| AEM Agnico Eagle Mines Ltd. | Sold out | 0.00% | −1.08 |
| LBRT Liberty Energy Inc. | Reduce -2.6% | 3.49% | −0.05 |
| ERO Ero Copper Corp. | Reduce -2.3% | 37.89% | +2.97 |
Portfolio Buys Q1 2024 → Q2 2024
| AEO American Eagle Outfitters | New | 4.96% | +4.96 |
| WFG West Fraser Timber Co. Ltd. | Add +108.3% | 8.68% | +4.01 |
| ASO Academy Sports & Outdoors Inc. | New | 3.37% | +3.37 |
| CENX Century Aluminum Company | Add +20.6% | 12.87% | +3.09 |
| EXPE Expedia Group Inc. | New | 3.02% | +3.02 |
| XOM Exxon Mobil Corp. | New | 2.34% | +2.34 |
| ARCB Arcbest Corp. | New | 2.18% | +2.18 |
| RGR Sturm Ruger & Co. Inc. | New | 2.01% | +2.01 |
| GUSH Direxion Daily S&P Oil & Gas | Add +56.9% | 7.04% | +1.87 |
| VALE Vale SA-SP ADR | New | 1.51% | +1.51 |
| BKE The Buckle Inc. | Add +27.4% | 8.51% | +1.25 |
| NGD New Gold Inc. | Add +9.2% | 1.93% | +0.39 |
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 |