Impala Asset Management LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 13, 2026), Impala Asset Management LLC reported 26 stock positions worth $214.6 million. Its top holding was Century Aluminum (CENX) at 26.7% of the portfolio, followed by Ero Copper (ERO, 12.8%) and Buckle (BKE, 9.8%). Compared with Q4 2025, it opened 13 new positions, sold out of 10, added to 4 and reduced 8. The biggest buy was Century Aluminum (CENX, shares +14%) and the biggest sale an exit from Whirlpool (WHR).
- Most Recent 13F
- Q2 2026
- Location
- Palm Beach, FL
- CIK
- 0001317679
- Portfolio Value
- $214.6M (Q1 2026)
- SEC Filing
- 0001104659-26-060155 ↗ filed May 13, 2026
Holdings Value
Holdings 26 stocks · $214.6M
| CENX Century Aluminum Company | 26.66% | 975,000 | $57.2M | Add +13.7% |
| ERO Ero Copper Corp. | 12.76% | 1,027,956 | $27.4M | Add +8.2% |
| BKE The Buckle Inc. | 9.84% | 419,578 | $21.1M | Add +4.9% |
| TRONOX HOLDINGS PLC | 5.32% | 1,168,200 | $11.4M | Reduce -8.0% |
| EMN Eastman Chemical Co. | 4.09% | 115,000 | $8.8M | New |
| PPG PPG Industries Inc. | 4.08% | 82,000 | $8.8M | New |
| AA Alcoa Corp. | 4.02% | 130,000 | $8.6M | New |
| SLB SLB Ltd. filed as SLB LIMITED | 3.77% | 157,284 | $8.1M | New |
| CE Celanese Corp. | 3.37% | 110,000 | $7.2M | New |
| HUN Huntsman Corp. | 3.35% | 540,000 | $7.2M | Reduce -37.7% |
| ANF Abercrombie & Fitch Co. Class A | 2.85% | 67,000 | $6.1M | New |
| HUNTSMAN CORP | 2.80% | 451,000 | $6.0M | Reduce -16.0% |
| MT Arcelormittal-NY Registered | 2.64% | 110,887 | $5.7M | Reduce -30.2% |
| TROX Tronox Holdings PLC | 2.41% | 530,000 | $5.2M | Reduce -53.7% |
| DKS Dick's Sporting Goods Inc. | 2.08% | 22,500 | $4.5M | Add +5.6% |
| WFG West Fraser Timber Co. Ltd. | 1.37% | 44,826 | $2.9M | New |
| SBLK Star Bulk Carriers Corp. | 1.28% | 120,000 | $2.8M | Reduce -28.1% |
| AEO American Eagle Outfitters | 1.13% | 145,300 | $2.4M | New |
| LULU Lululemon Athletica Inc. | 1.07% | 15,000 | $2.3M | New |
| FANG Diamondback Energy Inc. | 0.92% | 10,000 | $2.0M | Reduce -50.0% |
| ARCB Arcbest Corp. | 0.92% | 20,000 | $2.0M | Reduce -71.4% |
| CRC California Resources Corp. | 0.81% | 25,000 | $1.7M | New |
| MLI Mueller Industries Inc. | 0.77% | 15,000 | $1.7M | No change |
| BLDR Builders Firstsource Inc. | 0.77% | 20,000 | $1.6M | New |
| APA Apa Corp. | 0.49% | 25,000 | $1.1M | New |
| DHT DHT Holdings Inc. | 0.43% | 50,000 | $914K | New |
Portfolio Sells Q4 2025 → Q1 2026
| WHR Whirlpool Corp. | Sold out | 0.00% | −5.00 |
| AMR Alpha Metallurgical Resource | Sold out | 0.00% | −2.77 |
| ARCB Arcbest Corp. | Reduce -71.4% | 0.92% | −2.36 |
| OLN Olin Corp. | Sold out | 0.00% | −2.19 |
| HUN Huntsman Corp. | Reduce -37.7% | 3.35% | −2.11 |
| RIO Rio Tinto PLC-Spon ADR | Sold out | 0.00% | −2.03 |
| MT Arcelormittal-NY Registered | Reduce -30.2% | 2.64% | −1.94 |
| NGD New Gold Inc. | Sold out | 0.00% | −1.65 |
| VALE Vale SA-SP ADR | Sold out | 0.00% | −1.31 |
| FANG Diamondback Energy Inc. | Reduce -50.0% | 0.92% | −0.97 |
| HY Hyster-Yale Inc. | Sold out | 0.00% | −0.94 |
| FLNC Fluence Energy Inc. | Sold out | 0.00% | −0.75 |
| SBLK Star Bulk Carriers Corp. | Reduce -28.1% | 1.28% | −0.74 |
| VRA Vera Bradley Inc. | Sold out | 0.00% | −0.62 |
| TROX Tronox Holdings PLC | Reduce -53.7% | 2.41% | −0.59 |
| HUNTSMAN CORP | Reduce -16.0% | 2.80% | −0.59 |
| PGEN Precigen Inc. | Sold out | 0.00% | −0.43 |
| TRONOX HOLDINGS PLC | Reduce -8.0% | 5.32% | +1.98 |
Portfolio Buys Q4 2025 → Q1 2026
| CENX Century Aluminum Company | Add +13.7% | 26.66% | +5.49 |
| EMN Eastman Chemical Co. | New | 4.09% | +4.09 |
| PPG PPG Industries Inc. | New | 4.08% | +4.08 |
| AA Alcoa Corp. | New | 4.02% | +4.02 |
| SLB SLB Ltd. | New | 3.77% | +3.77 |
| CE Celanese Corp. | New | 3.37% | +3.37 |
| ANF Abercrombie & Fitch Co. Class A | New | 2.85% | +2.85 |
| WFG West Fraser Timber Co. Ltd. | New | 1.37% | +1.37 |
| AEO American Eagle Outfitters | New | 1.13% | +1.13 |
| LULU Lululemon Athletica Inc. | New | 1.07% | +1.07 |
| CRC California Resources Corp. | New | 0.81% | +0.81 |
| BLDR Builders Firstsource Inc. | New | 0.77% | +0.77 |
| APA Apa Corp. | New | 0.49% | +0.49 |
| DHT DHT Holdings Inc. | New | 0.43% | +0.43 |
| DKS Dick's Sporting Goods Inc. | Add +5.6% | 2.08% | −0.58 |
| BKE The Buckle Inc. | Add +4.9% | 9.84% | −3.62 |
| ERO Ero Copper Corp. | Add +8.2% | 12.76% | −4.22 |
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 |