Lonestar Capital Management LLC In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Lonestar Capital Management LLC reported 13 stock positions worth $114.1 million . Its top holding was Energy Transfer (ET) at 19.7% of the portfolio, followed by Diversified Healthcare Trust (DHC, 17.6% ) and Caesars Entertainment (CZR, 11.0% ). Compared with Q2 2024, it opened 4 new positions, sold out of 4, added to 4 and reduced 2. The biggest buy was a new position in Vaneck Gold Miners ETF (GDX) and the biggest sale an exit from US Natural Gas Fund (UNG).
Location San Francisco, CA
CIK 0001317410
Portfolio Value $114.1M (Q3 2024) Holdings 13 stocks · $114.1M 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 Q2 2024 ET Energy Transfer LP 1,400,000 $22.5M Reduce -3.5% DHC Diversified Healthcare Trust 4,800,000 $20.1M Reduce -24.5% CZR Caesars Entertainment Inc. 300,000 $12.5M Add +200.0% GTX Garrett Motion Inc. 1,300,000 $10.6M Add +8.3% GDX Vaneck Gold Miners ETF 265,000 $10.6M New TDAY USA Today Co. Inc. filed as GANNETT CO INC 1,465,439 $8.2M Add +5273.4% CORZ Core Scientific Inc. 650,000 $7.7M New PTON Peloton Interactive Inc. Class A 1,500,000 $7.0M New ADT Adt Inc. 801,000 $5.8M Add +20.1% MUR Murphy Oil Corp. 110,000 $3.7M No change GLNG Golar LNG Ltd. 90,000 $3.3M No change CHRD Chord Energy Corp. 10,000 $1.3M No change SWN Southwestern Energy Co. 105,000 $747K New
Options reported separately and not counted above: QQQ puts ($146.4M), AAPL puts ($93.2M), HYG puts ($72.3M), IWM puts ($66.3M), TLT puts ($58.9M), GDX calls ($35.8M), RIG calls ($4.3M).
Portfolio Sells Q2 2024 → Q3 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 Q2 2024 % Of Portfolio Change To Portfolio ▲ UNG US Natural Gas Fund LP Sold out 0.00% −9.70 ET Energy Transfer LP Reduce -3.5% 19.69% −6.49 UBER Uber Technologies Inc. Sold out 0.00% −5.66 DHC Diversified Healthcare Trust Reduce -24.5% 17.62% −3.97 EXE Expand Energy Corp. Sold out 0.00% −3.66 WSC Willscot Holdings Corp. Sold out 0.00% −1.48
Portfolio Buys Q2 2024 → Q3 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 Q2 2024 % Of Portfolio Change To Portfolio ▼ GDX Vaneck Gold Miners ETF New 9.25% +9.25 TDAY USA Today Co. Inc. Add +5273.4% 7.22% +7.08 CORZ Core Scientific Inc. New 6.76% +6.76 CZR Caesars Entertainment Inc. Add +200.0% 10.97% +6.55 PTON Peloton Interactive Inc. Class A New 6.15% +6.15 SWN Southwestern Energy Co. New 0.65% +0.65 ADT Adt Inc. Add +20.1% 5.07% −0.57 GTX Garrett Motion Inc. Add +8.3% 9.32% −2.15
Options Activity Q2 2024 → Q3 2024 Security Type Change vs Q2 2024 Underlying Shares Value ▼ QQQ Invesco QQQ Trust Series 1 put New 3,000 $146.4M AAPL Apple Inc. put New 4,000 $93.2M HYG Ishr Ibx Usd Hiyld CB ETF-Ui put New 9,000 $72.3M IWM iShares Russell 2000 ETF put New 3,000 $66.3M TLT iShares 20+ Year Treasury BD put New 6,000 $58.9M GDX Vaneck Gold Miners ETF call New 9,000 $35.8M RIG Transocean Ltd. call New 10,000 $4.3M
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