In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Luminus Management LLC reported 18 stock positions worth $176.5 million . Its top holding was Battalion Oil (BATL) at 23.3% of the portfolio, followed by O-I Glass (OI, 23.2% ) and Chemours (CC, 18.6% ). Compared with Q2 2024, it opened 3 new positions, sold out of 8, added to 12 and reduced 2. The biggest buy was a new position in Ipath Series B S&P 500 Vix (VXX) and the biggest sale an exit from Ashland (ASH).
Location HOUSTON, TX
CIK 0001279151
Portfolio Value $176.5M (Q3 2024) Holdings 18 stocks · $176.5M 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 BATL Battalion Oil Corp. 6,151,448 $41.0M No change OI O-I Glass Inc. 3,118,053 $40.9M Reduce -8.0% CC The Chemours Co. 1,616,202 $32.8M Add +16.3% TROX Tronox Holdings PLC 1,159,055 $17.0M Add +20.8% BERY Berry Global Group Inc. 189,092 $12.9M Add +0.1% SEE Sealed Air Corp. 231,562 $8.4M Add +9.4% APD Air Products & Chemicals Inc. 22,000 $6.6M Add +41.7% VXX Ipath Series B S&P 500 Vix filed as BARCLAYS BANK PLC 55,000 $2.7M New SVCO Silvaco Group Inc. 187,374 $2.7M Add +388.5% ATEX Anterix Inc. 58,246 $2.2M Add +98.7% OLN Olin Corp. 37,807 $1.8M Reduce -69.9% REKR Rekor Systems Inc. 1,513,535 $1.8M Add +213.1% PPG PPG Industries Inc. 12,300 $1.6M Add +59.7% FRSH Freshworks Inc. Class A 100,000 $1.1M New FMC FMC Corp. 14,879 $981K Add +3.6% LUCD Lucid Diagnostics Inc. 1,152,915 $940K Add +58.8% QXO Qxo Inc. 43,000 $678K New BKKT Bakkt Inc. filed as BAKKT HOLDINGS INC 34,518 $330K Add +117.8%
Options reported separately and not counted above: CHEMOURS CO calls ($15.4M), O-I GLASS INC calls ($5.3M).
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 ▲ ASH Ashland Inc. Sold out 0.00% −4.59 OLN Olin Corp. Reduce -69.9% 1.03% −2.83 SHW The Sherwin-Williams Co. Sold out 0.00% −2.26 BARCLAYS BANK PLC Sold out 0.00% −1.63 OI O-I Glass Inc. Reduce -8.0% 23.18% −1.36 AUGX Augmedix Inc. Sold out 0.00% −0.38 TDOC Teladoc Health Inc. Sold out 0.00% −0.32 DNA Ginkgo Bioworks Holdings Inc. Sold out 0.00% −0.27 PGY Pagaya Technologies Ltd. Class A Sold out 0.00% −0.25 GLATFELTER CORP Sold out 0.00% −0.24
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 ▼ VXX Ipath Series B S&P 500 Vix New 1.55% +1.55 APD Air Products & Chemicals Inc. Add +41.7% 3.71% +1.10 SVCO Silvaco Group Inc. Add +388.5% 1.52% +1.07 FRSH Freshworks Inc. Class A New 0.65% +0.65 REKR Rekor Systems Inc. Add +213.1% 1.01% +0.52 ATEX Anterix Inc. Add +98.7% 1.24% +0.49 QXO Qxo Inc. New 0.38% +0.38 PPG PPG Industries Inc. Add +59.7% 0.92% +0.29 LUCD Lucid Diagnostics Inc. Add +58.8% 0.53% +0.15 BERY Berry Global Group Inc. Add +0.1% 7.28% +0.05 FMC FMC Corp. Add +3.6% 0.56% +0.02 BKKT Bakkt Inc. Add +117.8% 0.19% −0.01 SEE Sealed Air Corp. Add +9.4% 4.76% −0.03 TROX Tronox Holdings PLC Add +20.8% 9.61% −0.19 CC The Chemours Co. Add +16.3% 18.61% −1.80
Options Activity Q2 2024 → Q3 2024 Security Type Change vs Q2 2024 Underlying Shares Value ▼ CHEMOURS CO call Add +1199.8% 757,800 $15.4M AIR PRODUCTS AND CHEMICALS I call Sold out 46,000 $11.9Mbefore exit O-I GLASS INC call Reduce -34.2% 401,300 $5.3M
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 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