Impala Asset Management LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Impala Asset Management LLC reported 23 stock positions worth $158.7 million. Its top holding was Century Aluminum (CENX) at 21.2% of the portfolio, followed by Ero Copper (ERO, 17.0%) and Buckle (BKE, 13.5%). Compared with Q3 2025, it opened 13 new positions, sold out of 10, added to 6 and reduced 4. The biggest buy was Century Aluminum (CENX, shares +25%) and the biggest sale an exit from Academy Sports & Outdoors (ASO).
- Most Recent 13F
- Q2 2026
- Location
- Palm Beach, FL
- CIK
- 0001317679
- Portfolio Value
- $158.7M (Q4 2025)
- SEC Filing
- 0001104659-26-015007 ↗ filed Feb 13, 2026
Holdings Value
Holdings 23 stocks · $158.7M
| CENX Century Aluminum Company | 21.17% | 857,805 | $33.6M | Add +24.5% |
| ERO Ero Copper Corp. | 16.98% | 950,000 | $26.9M | Reduce -44.4% |
| BKE The Buckle Inc. | 13.47% | 400,119 | $21.4M | Add +68.1% |
| HUN Huntsman Corp. | 5.46% | 867,000 | $8.7M | Reduce -49.9% |
| WHR Whirlpool Corp. | 5.00% | 110,000 | $7.9M | New |
| MT Arcelormittal-NY Registered | 4.59% | 158,866 | $7.3M | New |
| HUNTSMAN CORP | 3.38% | 537,000 | $5.4M | New |
| TRONOX HOLDINGS PLC | 3.34% | 1,269,500 | $5.3M | Add +11859.5% |
| ARCB Arcbest Corp. | 3.27% | 70,000 | $5.2M | Add +6.1% |
| TROX Tronox Holdings PLC | 3.00% | 1,143,851 | $4.8M | Reduce -6.8% |
| AMR Alpha Metallurgical Resource | 2.77% | 22,000 | $4.4M | New |
| DKS Dick's Sporting Goods Inc. | 2.66% | 21,300 | $4.2M | New |
| OLN Olin Corp. | 2.19% | 167,000 | $3.5M | Add +39.2% |
| RIO Rio Tinto PLC-Spon ADR | 2.03% | 40,194 | $3.2M | New |
| SBLK Star Bulk Carriers Corp. | 2.02% | 167,000 | $3.2M | Add +39.2% |
| FANG Diamondback Energy Inc. | 1.89% | 20,000 | $3.0M | New |
| NGD New Gold Inc. | 1.65% | 300,000 | $2.6M | Reduce -66.7% |
| VALE Vale SA-SP ADR | 1.31% | 160,000 | $2.1M | New |
| MLI Mueller Industries Inc. | 1.08% | 15,000 | $1.7M | New |
| HY Hyster-Yale Inc. | 0.94% | 50,000 | $1.5M | New |
| FLNC Fluence Energy Inc. | 0.75% | 60,000 | $1.2M | New |
| VRA Vera Bradley Inc. | 0.62% | 403,447 | $976K | New |
| PGEN Precigen Inc. | 0.43% | 165,000 | $690K | New |
Portfolio Sells Q3 2025 → Q4 2025
| ASO Academy Sports & Outdoors Inc. | Sold out | 0.00% | −12.33 |
| WLK Westlake Corp. | Sold out | 0.00% | −5.50 |
| ANF Abercrombie & Fitch Co. Class A | Sold out | 0.00% | −4.33 |
| HUN Huntsman Corp. | Reduce -49.9% | 5.46% | −4.19 |
| IVANHOE MINES LTD COM CL A | Sold out | 0.00% | −3.55 |
| ARCELORMITTAL SA | Sold out | 0.00% | −2.92 |
| ERO Ero Copper Corp. | Reduce -44.4% | 16.98% | −2.66 |
| NGD New Gold Inc. | Reduce -66.7% | 1.65% | −2.37 |
| FLR Fluor Corp. | Sold out | 0.00% | −1.32 |
| HAL Halliburton Co. | Sold out | 0.00% | −1.30 |
| FXI iShares China Large-Cap ETF | Sold out | 0.00% | −1.28 |
| NTDOY Nintendo Co. Ltd.-Unspons ADR | Sold out | 0.00% | −0.73 |
| CE Celanese Corp. | Sold out | 0.00% | −0.39 |
| TROX Tronox Holdings PLC | Reduce -6.8% | 3.00% | −0.06 |
Portfolio Buys Q3 2025 → Q4 2025
| CENX Century Aluminum Company | Add +24.5% | 21.17% | +8.62 |
| WHR Whirlpool Corp. | New | 5.00% | +5.00 |
| BKE The Buckle Inc. | Add +68.1% | 13.47% | +4.80 |
| MT Arcelormittal-NY Registered | New | 4.59% | +4.59 |
| HUNTSMAN CORP | New | 3.38% | +3.38 |
| AMR Alpha Metallurgical Resource | New | 2.77% | +2.77 |
| DKS Dick's Sporting Goods Inc. | New | 2.66% | +2.66 |
| RIO Rio Tinto PLC-Spon ADR | New | 2.03% | +2.03 |
| FANG Diamondback Energy Inc. | New | 1.89% | +1.89 |
| VALE Vale SA-SP ADR | New | 1.31% | +1.31 |
| MLI Mueller Industries Inc. | New | 1.08% | +1.08 |
| HY Hyster-Yale Inc. | New | 0.94% | +0.94 |
| FLNC Fluence Energy Inc. | New | 0.75% | +0.75 |
| TRONOX HOLDINGS PLC | Add +11859.5% | 3.34% | +0.69 |
| SBLK Star Bulk Carriers Corp. | Add +39.2% | 2.02% | +0.64 |
| VRA Vera Bradley Inc. | New | 0.62% | +0.62 |
| PGEN Precigen Inc. | New | 0.43% | +0.43 |
| ARCB Arcbest Corp. | Add +6.1% | 3.27% | +0.41 |
| OLN Olin Corp. | Add +39.2% | 2.19% | +0.33 |
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 |