Impala Asset Management LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Impala Asset Management LLC reported 14 stock positions worth $123.7 million. Its top holding was Ero Copper (ERO) at 19.0% of the portfolio, followed by Academy Sports & Outdoors (ASO, 16.7%) and Buckle (BKE, 13.0%). Compared with Q3 2024, it opened 4 new positions, sold out of 6, added to 4 and reduced 6. The biggest buy was a new position in Academy Sports & Outdoors (ASO) and the biggest sale Ero Copper (ERO, shares −21%).
- Most Recent 13F
- Q2 2026
- Location
- Palm Beach, FL
- CIK
- 0001317679
- Portfolio Value
- $123.7M (Q4 2024)
- SEC Filing
- 0001104659-25-013868 ↗ filed Feb 14, 2025
Holdings Value
Holdings 14 stocks · $123.7M
| ERO Ero Copper Corp. | 18.95% | 1,739,065 | $23.4M | Reduce -21.3% |
| ASO Academy Sports & Outdoors Inc. | 16.75% | 360,000 | $20.7M | New |
| BKE The Buckle Inc. | 12.95% | 315,247 | $16.0M | Reduce -13.6% |
| CENX Century Aluminum Company | 10.28% | 697,481 | $12.7M | Reduce -22.9% |
| WFG West Fraser Timber Co. Ltd. | 9.06% | 129,300 | $11.2M | Add +7.8% |
| ARCB Arcbest Corp. | 8.07% | 107,000 | $10.0M | Add +214.7% |
| AA Alcoa Corp. | 5.43% | 177,800 | $6.7M | Add +7.8% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 5.27% | 170,000 | $6.5M | Add +18.1% |
| ANF Abercrombie & Fitch Co. Class A | 4.11% | 34,000 | $5.1M | New |
| KWR Quaker Chemical Corporation | 2.62% | 23,000 | $3.2M | New |
| LBRT Liberty Energy Inc. | 2.36% | 146,561 | $2.9M | Reduce -58.1% |
| COP Conocophillips | 2.34% | 29,187 | $2.9M | New |
| NGD New Gold Inc. | 1.36% | 680,000 | $1.7M | Reduce -33.0% |
| DNN Denison Mines Corp. | 0.45% | 309,000 | $560K | Reduce -47.5% |
Portfolio Sells Q3 2024 → Q4 2024
| ERO Ero Copper Corp. | Reduce -21.3% | 18.95% | −21.00 |
| GUSH Direxion Daily S&P Oil & Gas | Sold out | 0.00% | −4.30 |
| AEO American Eagle Outfitters | Sold out | 0.00% | −3.54 |
| XOM Exxon Mobil Corp. | Sold out | 0.00% | −3.21 |
| RIO Rio Tinto PLC-Spon ADR | Sold out | 0.00% | −2.59 |
| LBRT Liberty Energy Inc. | Reduce -58.1% | 2.36% | −1.70 |
| VALE Vale SA-SP ADR | Sold out | 0.00% | −1.14 |
| AMR Alpha Metallurgical Resource | Sold out | 0.00% | −0.72 |
| NGD New Gold Inc. | Reduce -33.0% | 1.36% | −0.41 |
| DNN Denison Mines Corp. | Reduce -47.5% | 0.45% | −0.20 |
| CENX Century Aluminum Company | Reduce -22.9% | 10.28% | +1.36 |
| BKE The Buckle Inc. | Reduce -13.6% | 12.95% | +3.20 |
Portfolio Buys Q3 2024 → Q4 2024
| ASO Academy Sports & Outdoors Inc. | New | 16.75% | +16.75 |
| ARCB Arcbest Corp. | Add +214.7% | 8.07% | +5.83 |
| ANF Abercrombie & Fitch Co. Class A | New | 4.11% | +4.11 |
| KWR Quaker Chemical Corporation | New | 2.62% | +2.62 |
| COP Conocophillips | New | 2.34% | +2.34 |
| SLB SLB Ltd. | Add +18.1% | 5.27% | +1.60 |
| AA Alcoa Corp. | Add +7.8% | 5.43% | +1.56 |
| WFG West Fraser Timber Co. Ltd. | Add +7.8% | 9.06% | −0.56 |
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 |