Luminus Management LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Luminus Management LLC reported 25 stock positions worth $219.8 million. Its top holding was Chemours at 17.7% of the portfolio, followed by Tronox (TROX, 17.0%) and Battalion Oil (BATL, 15.8%). Compared with Q4 2023, it opened 13 new positions, sold out of 10, added to 3 and reduced 8. The biggest buy was Chemours (shares +285%) and the biggest sale an exit from Olin.
- Most Recent 13F
- Q2 2026
- Location
- HOUSTON, TX
- CIK
- 0001279151
- Portfolio Value
- $219.8M (Q1 2024)
- SEC Filing
- 0001104659-24-062027 ↗ filed May 15, 2024
Holdings Value
Holdings 25 stocks · $219.8M
| CHEMOURS CO | 17.72% | 1,483,200 | $38.9M | Add +284.9% |
| TROX Tronox Holdings PLC | 16.98% | 2,151,358 | $37.3M | Reduce -3.5% |
| BATL Battalion Oil Corp. | 15.84% | 6,151,448 | $34.8M | No change |
| OI O-I Glass Inc. | 8.84% | 1,170,779 | $19.4M | Reduce -39.3% |
| OLN Olin Corp. | 8.55% | 1,030,154 | $18.8M | New |
| CC The Chemours Co. | 8.26% | 691,313 | $18.2M | Reduce -19.4% |
| AIR PRODUCTS AND CHEMICALS I | 4.08% | 37,000 | $9.0M | Reduce -70.9% |
| SEE Sealed Air Corp. | 3.82% | 225,756 | $8.4M | Add +39.3% |
| ASH Ashland Inc. | 3.63% | 82,040 | $8.0M | Reduce -30.4% |
| BERY Berry Global Group Inc. | 2.81% | 102,152 | $6.2M | Reduce -57.0% |
| AVNT Avient Corp. | 2.60% | 131,750 | $5.7M | New |
| APD Air Products & Chemicals Inc. | 1.87% | 16,926 | $4.1M | Reduce -49.6% |
| NRG NRG Energy Inc. | 1.27% | 41,213 | $2.8M | New |
| FMC FMC Corp. | 0.78% | 26,860 | $1.7M | New |
| BARCLAYS BANK PLC | 0.75% | 127,500 | $1.7M | Add +10.9% |
| REKR Rekor Systems Inc. | 0.44% | 425,000 | $973K | New |
| PGY Pagaya Technologies Ltd. Class A | 0.31% | 67,500 | $682K | New |
| LUCD Lucid Diagnostics Inc. | 0.26% | 717,657 | $581K | Reduce -7.2% |
| AUGX Augmedix Inc. | 0.25% | 136,155 | $557K | New |
| GLATFELTER CORP | 0.24% | 261,198 | $522K | New |
| BAKKT HOLDINGS INC | 0.21% | 1,010,990 | $465K | New |
| FRSH Freshworks Inc. Class A | 0.17% | 20,001 | $364K | New |
| AHCO Adapthealth Corp. | 0.16% | 30,147 | $347K | New |
| LAB Standard Biotools Inc. | 0.12% | 95,000 | $257K | New |
| CERS Cerus Corp. | 0.02% | 26,000 | $49K | New |
Portfolio Sells Q4 2023 → Q1 2024
| OLIN CORP | Sold out | 0.00% | −24.81 |
| AIR PRODUCTS AND CHEMICALS I | Reduce -70.9% | 4.08% | −5.54 |
| PPG PPG Industries Inc. | Sold out | 0.00% | −2.75 |
| ARCH Arch Resources Inc. | Sold out | 0.00% | −1.73 |
| BERY Berry Global Group Inc. | Reduce -57.0% | 2.81% | −1.61 |
| O-I GLASS INC | Sold out | 0.00% | −1.54 |
| TRONOX HOLDINGS PLC | Sold out | 0.00% | −1.04 |
| APD Air Products & Chemicals Inc. | Reduce -49.6% | 1.87% | −0.68 |
| FUL H.B. Fuller Co. | Sold out | 0.00% | −0.61 |
| ZFOX Zerofox Holdings Inc. | Sold out | 0.00% | −0.41 |
| HRTG Heritage Insurance Holdings | Sold out | 0.00% | −0.32 |
| OCGN Ocugen Inc. | Sold out | 0.00% | −0.26 |
| CAMPQ Calamp Corp. | Sold out | 0.00% | −0.11 |
| LUCD Lucid Diagnostics Inc. | Reduce -7.2% | 0.26% | −0.04 |
| OI O-I Glass Inc. | Reduce -39.3% | 8.84% | +0.11 |
| CC The Chemours Co. | Reduce -19.4% | 8.26% | +0.78 |
| ASH Ashland Inc. | Reduce -30.4% | 3.63% | +0.89 |
| TROX Tronox Holdings PLC | Reduce -3.5% | 16.98% | +8.26 |
Portfolio Buys Q4 2023 → Q1 2024
| CHEMOURS CO | Add +284.9% | 17.72% | +14.36 |
| OLN Olin Corp. | New | 8.55% | +8.55 |
| AVNT Avient Corp. | New | 2.60% | +2.60 |
| SEE Sealed Air Corp. | Add +39.3% | 3.82% | +2.19 |
| NRG NRG Energy Inc. | New | 1.27% | +1.27 |
| FMC FMC Corp. | New | 0.78% | +0.78 |
| REKR Rekor Systems Inc. | New | 0.44% | +0.44 |
| PGY Pagaya Technologies Ltd. Class A | New | 0.31% | +0.31 |
| BARCLAYS BANK PLC | Add +10.9% | 0.75% | +0.26 |
| AUGX Augmedix Inc. | New | 0.25% | +0.25 |
| GLATFELTER CORP | New | 0.24% | +0.24 |
| BAKKT HOLDINGS INC | New | 0.21% | +0.21 |
| FRSH Freshworks Inc. Class A | New | 0.17% | +0.17 |
| AHCO Adapthealth Corp. | New | 0.16% | +0.16 |
| LAB Standard Biotools Inc. | New | 0.12% | +0.12 |
| CERS Cerus Corp. | New | 0.02% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 30 | $146.3M | AVNT, OI, CC, SLGN, GXO |
| Q1 2026 | 24 | $165.5M | OI, CC, FUL, KWR, AVNT |
| Q4 2025 | 21 | $108.4M | OI, VG, SEE, KWR, BATL |
| Q3 2025 | 19 | $111.3M | CC, OI, SEE, KEX, KWR |
| Q2 2025 | 19 | $384.2M | VG, OI, CC, SEE, KWR |
| Q1 2025 | 17 | $299.2M | VG, OI, CC, SEE, BATL |
| Q4 2024 | 12 | $52.5M | OI, BATL, CC, BERY, KRO |
| Q3 2024 | 18 | $176.5M | BATL, OI, CC, TROX, BERY |
| Q2 2024 | 23 | $153.6M | OI, CC, BATL, TROX, BERY |
| Q1 2024 | 25 | $219.8M | CHEMOURS CO, TROX, BATL, OI, OLN |