Lonestar Capital Management LLC In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Lonestar Capital Management LLC reported 13 stock positions worth $96.6 million . Its top holding was Energy Transfer (ET) at 24.4% of the portfolio, followed by Diversified Healthcare Trust (DHC, 16.5% ) and Caesars Entertainment (CZR, 13.6% ). Compared with Q4 2023, it opened 1 new position, sold out of 4, added to 3 and reduced 7. The biggest buy was Caesars Entertainment (CZR, shares +20% ) and the biggest sale an exit from Eqt (EQT).
Location San Francisco, CA
CIK 0001317410
Portfolio Value $96.6M (Q1 2024) Holdings 13 stocks · $96.6M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2023 ET Energy Transfer LP 1,500,000 $23.6M Reduce -9.1% DHC Diversified Healthcare Trust 6,494,000 $16.0M Reduce -9.4% CZR Caesars Entertainment Inc. 300,000 $13.1M Add +20.0% GTX Garrett Motion Inc. 1,297,997 $12.9M Reduce -40.5% UBER Uber Technologies Inc. 125,000 $9.6M Reduce -21.9% MUR Murphy Oil Corp. 110,000 $5.0M Reduce -56.0% ADT Adt Inc. 520,000 $3.5M Add +30.0% AAP Advance Auto Parts Inc. 40,000 $3.4M New WES Western Midstream Partners L 70,000 $2.5M No change GLNG Golar LNG Ltd. 90,000 $2.2M Reduce -55.0% WSC Willscot Holdings Corp. 40,000 $1.9M No change CHRD Chord Energy Corp. 10,000 $1.8M Reduce -47.4% TH Target Hospitality Corp. 109,600 $1.2M Add +19.1%
Options reported separately and not counted above: QQQ puts ($222.0M), SPY puts ($209.2M), IWM calls ($147.2M), TLT puts ($141.9M), HYG puts ($108.8M), GLD calls ($82.3M), GDX calls ($60.1M), XLF puts ($31.6M), ARKK puts ($20.0M).
Portfolio Sells Q4 2023 → Q1 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▲ EQT Eqt Corp. Sold out 0.00% −7.20 DHC Diversified Healthcare Trust Reduce -9.4% 16.53% −3.06 GDXJ Vaneck Junior Gold Miners Sold out 0.00% −2.77 MUR Murphy Oil Corp. Reduce -56.0% 5.20% −2.59 KOS Kosmos Energy Ltd. Sold out 0.00% −2.45 GTX Garrett Motion Inc. Reduce -40.5% 13.35% −2.08 EVRI Everi Holdings Inc. Sold out 0.00% −1.24 GLNG Golar LNG Ltd. Reduce -55.0% 2.24% −1.12 CHRD Chord Energy Corp. Reduce -47.4% 1.84% −0.46 UBER Uber Technologies Inc. Reduce -21.9% 9.96% +2.76 ET Energy Transfer LP Reduce -9.1% 24.42% +7.78
Portfolio Buys Q4 2023 → Q1 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▼ CZR Caesars Entertainment Inc. Add +20.0% 13.58% +5.01 AAP Advance Auto Parts Inc. New 3.52% +3.52 ADT Adt Inc. Add +30.0% 3.62% +1.62 TH Target Hospitality Corp. Add +19.1% 1.23% +0.58
Options Activity Q4 2023 → Q1 2024 Security Type Change vs Q4 2023 Underlying Shares Value ▼ QQQ Invesco QQQ Trust Series 1 put Add +25.0% 5,000 $222.0M IWM iShares Russell 2000 ETF call New 7,000 $147.2M HYG Ishr Ibx Usd Hiyld CB ETF-Ui put New 14,000 $108.8M GLD SPDR Gold Shares call New 4,000 $82.3M GDX Vaneck Gold Miners ETF call Add +90.0% 19,000 $60.1M XLF SS Financial Select Sector put New 7,500 $31.6M ARKK ARK Innovation ETF put New 4,000 $20.0M ET Energy Transfer LP call Sold out 10,000 $13.8Mbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 26 $155.3M GTX, ET, GSL, DHC, TH Q1 2026 26 $186.0M ET, GTX, CE, DHC, TLN Q4 2025 28 $186.9M GTX, ET, DHC, DCH, CE Q3 2025 23 $143.9M ET, DHC, GTX, NRG, GSL Q2 2025 17 $115.1M ET, DHC, NRG, GTX, GLNG Q1 2025 15 $80.5M ET, DHC, GTX, EXE, NRG Q4 2024 19 $119.5M ET, DHC, GTX, EXE, PTON Q3 2024 13 $114.1M ET, DHC, CZR, GTX, GDX Q2 2024 13 $89.8M ET, DHC, GTX, UNG, UBER Q1 2024 13 $96.6M ET, DHC, CZR, GTX, UBER