Impala Asset Management LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 15, 2024), Impala Asset Management LLC reported 16 stock positions worth $164.5 million. Its top holding was Ero Copper (ERO) at 40.0% of the portfolio, followed by Buckle (BKE, 9.8%) and West Fraser Timber (WFG, 9.6%). Compared with Q2 2024, it opened 5 new positions, sold out of 4, added to 8 and reduced 3. The biggest buy was a new position in Alcoa (AA) and the biggest sale an exit from Academy Sports & Outdoors (ASO).
- Most Recent 13F
- Q2 2026
- Location
- Palm Beach, FL
- CIK
- 0001317679
- Portfolio Value
- $164.5M (Q3 2024)
- SEC Filing
- 0001104659-24-119622 ↗ filed Nov 15, 2024
Holdings Value
Holdings 16 stocks · $164.5M
| ERO Ero Copper Corp. | 39.95% | 2,209,610 | $65.7M | Add +12.7% |
| BKE The Buckle Inc. | 9.76% | 365,000 | $16.0M | Add +43.3% |
| WFG West Fraser Timber Co. Ltd. | 9.61% | 120,000 | $15.8M | Reduce -4.0% |
| CENX Century Aluminum Company | 8.92% | 904,000 | $14.7M | Add +6.3% |
| GUSH Direxion Daily S&P Oil & Gas | 4.30% | 250,654 | $7.1M | Add +14.1% |
| LBRT Liberty Energy Inc. | 4.06% | 350,000 | $6.7M | Add +89.2% |
| AA Alcoa Corp. | 3.87% | 165,000 | $6.4M | New |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 3.67% | 144,000 | $6.0M | New |
| AEO American Eagle Outfitters | 3.54% | 260,000 | $5.8M | Reduce -5.5% |
| XOM Exxon Mobil Corp. | 3.21% | 45,100 | $5.3M | Add +100.4% |
| RIO Rio Tinto PLC-Spon ADR | 2.59% | 59,800 | $4.3M | New |
| ARCB Arcbest Corp. | 2.24% | 34,000 | $3.7M | Add +51.1% |
| NGD New Gold Inc. | 1.78% | 1,015,000 | $2.9M | Reduce -7.0% |
| VALE Vale SA-SP ADR | 1.14% | 160,000 | $1.9M | Add +6.7% |
| AMR Alpha Metallurgical Resource | 0.72% | 5,000 | $1.2M | New |
| DNN Denison Mines Corp. | 0.65% | 588,000 | $1.1M | New |
Portfolio Sells Q2 2024 → Q3 2024
| ASO Academy Sports & Outdoors Inc. | Sold out | 0.00% | −3.37 |
| EXPE Expedia Group Inc. | Sold out | 0.00% | −3.02 |
| RGR Sturm Ruger & Co. Inc. | Sold out | 0.00% | −2.01 |
| AEO American Eagle Outfitters | Reduce -5.5% | 3.54% | −1.42 |
| CNK Cinemark Holdings Inc. | Sold out | 0.00% | −0.20 |
| NGD New Gold Inc. | Reduce -7.0% | 1.78% | −0.15 |
| WFG West Fraser Timber Co. Ltd. | Reduce -4.0% | 9.61% | +0.93 |
Portfolio Buys Q2 2024 → Q3 2024
| AA Alcoa Corp. | New | 3.87% | +3.87 |
| SLB SLB Ltd. | New | 3.67% | +3.67 |
| RIO Rio Tinto PLC-Spon ADR | New | 2.59% | +2.59 |
| ERO Ero Copper Corp. | Add +12.7% | 39.95% | +2.06 |
| BKE The Buckle Inc. | Add +43.3% | 9.76% | +1.25 |
| XOM Exxon Mobil Corp. | Add +100.4% | 3.21% | +0.87 |
| AMR Alpha Metallurgical Resource | New | 0.72% | +0.72 |
| DNN Denison Mines Corp. | New | 0.65% | +0.65 |
| LBRT Liberty Energy Inc. | Add +89.2% | 4.06% | +0.57 |
| ARCB Arcbest Corp. | Add +51.1% | 2.24% | +0.06 |
| VALE Vale SA-SP ADR | Add +6.7% | 1.14% | −0.38 |
| GUSH Direxion Daily S&P Oil & Gas | Add +14.1% | 4.30% | −2.75 |
| CENX Century Aluminum Company | Add +6.3% | 8.92% | −3.95 |
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 |