Lonestar Capital Management LLC In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Lonestar Capital Management LLC reported 13 stock positions worth $89.8 million . Its top holding was Energy Transfer (ET) at 26.2% of the portfolio, followed by Diversified Healthcare Trust (DHC, 21.6% ) and Garrett Motion (GTX, 11.5% ). Compared with Q1 2024, it opened 3 new positions, sold out of 3, added to 1 and reduced 6. The biggest buy was a new position in US Natural Gas Fund (UNG) and the biggest sale Caesars Entertainment (CZR, shares −67% ).
Location San Francisco, CA
CIK 0001317410
Portfolio Value $89.8M (Q2 2024) Holdings 13 stocks · $89.8M 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 Q1 2024 ET Energy Transfer LP 1,450,000 $23.5M Reduce -3.3% DHC Diversified Healthcare Trust 6,360,000 $19.4M Reduce -2.1% GTX Garrett Motion Inc. 1,200,000 $10.3M Reduce -7.5% UNG US Natural Gas Fund LP 500,000 $8.7M New UBER Uber Technologies Inc. 70,000 $5.1M Reduce -44.0% ADT Adt Inc. 667,000 $5.1M Add +28.3% MUR Murphy Oil Corp. 110,000 $4.5M No change CZR Caesars Entertainment Inc. 100,000 $4.0M Reduce -66.7% EXE Expand Energy Corp. filed as CHESAPEAKE ENERGY CORP 40,000 $3.3M New GLNG Golar LNG Ltd. 90,000 $2.8M No change CHRD Chord Energy Corp. 10,000 $1.7M No change WSC Willscot Holdings Corp. 35,269 $1.3M Reduce -11.8% TDAY USA Today Co. Inc. filed as GANNETT CO INC 27,272 $126K New
Portfolio Sells Q1 2024 → Q2 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 Q1 2024 % Of Portfolio Change To Portfolio ▲ CZR Caesars Entertainment Inc. Reduce -66.7% 4.42% −9.16 UBER Uber Technologies Inc. Reduce -44.0% 5.66% −4.30 AAP Advance Auto Parts Inc. Sold out 0.00% −3.52 WES Western Midstream Partners L Sold out 0.00% −2.58 GTX Garrett Motion Inc. Reduce -7.5% 11.47% −1.88 TH Target Hospitality Corp. Sold out 0.00% −1.23 WSC Willscot Holdings Corp. Reduce -11.8% 1.48% −0.45 ET Energy Transfer LP Reduce -3.3% 26.18% +1.76 DHC Diversified Healthcare Trust Reduce -2.1% 21.59% +5.06
Portfolio Buys Q1 2024 → Q2 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 Q1 2024 % Of Portfolio Change To Portfolio ▼ UNG US Natural Gas Fund LP New 9.70% +9.70 EXE Expand Energy Corp. New 3.66% +3.66 ADT Adt Inc. Add +28.3% 5.64% +2.03 TDAY USA Today Co. Inc. New 0.14% +0.14
Options Activity Q1 2024 → Q2 2024 Security Type Change vs Q1 2024 Underlying Shares Value ▼ QQQ Invesco QQQ Trust Series 1 put Sold out 5,000 $222.0Mbefore exit SPY SS SPDR S&P 500 ETF Trust-US put Sold out 4,000 $209.2Mbefore exit IWM iShares Russell 2000 ETF call Sold out 7,000 $147.2Mbefore exit TLT iShares 20+ Year Treasury BD put Sold out 15,000 $141.9Mbefore exit HYG Ishr Ibx Usd Hiyld CB ETF-Ui put Sold out 14,000 $108.8Mbefore exit GLD SPDR Gold Shares call Sold out 4,000 $82.3Mbefore exit GDX Vaneck Gold Miners ETF call Sold out 19,000 $60.1Mbefore exit XLF SS Financial Select Sector put Sold out 7,500 $31.6Mbefore exit ARKK ARK Innovation ETF put Sold out 4,000 $20.0Mbefore 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