In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Luminus Management LLC reported 24 stock positions worth $165.5 million . Its top holding was O-I Glass (OI) at 17.3% of the portfolio, followed by Chemours (CC, 12.5% ) and H.B. Fuller (FUL, 10.9% ). Compared with Q4 2025, it opened 11 new positions, sold out of 8, added to 8 and reduced 5. The biggest buy was a new position in H.B. Fuller (FUL) and the biggest sale an exit from Venture Global Class A (VG).
Location HOUSTON, TX
CIK 0001279151
Portfolio Value $165.5M (Q1 2026) Holdings 24 stocks · $165.5M 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 Q4 2025 OI O-I Glass Inc. 2,722,169 $28.6M Add +73.1% CC The Chemours Co. 940,552 $20.7M Add +162.7% FUL H.B. Fuller Co. filed as FULLER H B CO 292,494 $18.0M New KWR Quaker Chemical Corporation 136,200 $16.9M Add +75.7% AVNT Avient Corp. 419,924 $15.2M Add +112.3% MEOH Methanex Corp. 213,561 $12.7M New SEE Sealed Air Corp. 291,534 $12.3M Reduce -18.8% AXTA Axalta Coating Systems Ltd. 399,322 $11.1M Add +101.1% BATL Battalion Oil Corp. 2,006,508 $7.8M Reduce -67.4% SOLS Solstice Adv Materials Inc. 97,819 $7.4M Reduce -0.3% PPG PPG Industries Inc. 33,795 $3.6M New GXO Gxo Logistics Inc. 64,941 $3.4M Reduce -40.0% KRO Kronos Worldwide Inc. 270,000 $1.8M New CVX Chevron Corp. 5,000 $1.0M New VXX Ipath Series B S&P 500 Vix filed as BARCLAYS BANK PLC 27,500 $982K Reduce -50.0% MXCT Maxcyte Inc. 1,150,000 $808K Add +386.3% GEMI Gemini Space Station Inc. Class A 150,000 $663K New NXDR Nextdoor Holdings Inc. 400,000 $560K New CGC Canopy Growth Corp. 550,000 $522K New SGMOQ Sangamo Therapeutics Inc. 1,681,089 $415K Add +45.1% PEPG Pepgen Inc. 150,000 $266K New VTGN Vistagen Therapeutics Inc. 396,053 $226K Add +13.2% RIME Algorhythm Holdings Inc. 206,250 $225K New VNRX Volitionrx Ltd. 995,000 $201K New
Portfolio Sells Q4 2025 → Q1 2026 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 2025 % Of Portfolio Change To Portfolio ▲ VG Venture Global Inc. Class A Sold out 0.00% −16.99 SEE Sealed Air Corp. Reduce -18.8% 7.41% −6.31 GXO Gxo Logistics Inc. Reduce -40.0% 2.03% −3.22 WLK Westlake Corp. Sold out 0.00% −2.40 BATL Battalion Oil Corp. Reduce -67.4% 4.73% −1.68 VXX Ipath Series B S&P 500 Vix Reduce -50.0% 0.59% −0.75 ACET Adicet Bio Inc. Sold out 0.00% −0.46 DHX Dhi Group Inc. Sold out 0.00% −0.38 LUCD Lucid Diagnostics Inc. Sold out 0.00% −0.37 FRMI Fermi Inc. Sold out 0.00% −0.30 MREO Mereo Biopharma Group PL-ADR Sold out 0.00% −0.15 CRCL Circle Internet Group Inc. Sold out 0.00% −0.07 SOLS Solstice Adv Materials Inc. Reduce -0.3% 4.50% +0.10
Portfolio Buys Q4 2025 → Q1 2026 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 2025 % Of Portfolio Change To Portfolio ▼ FUL H.B. Fuller Co. New 10.90% +10.90 CC The Chemours Co. Add +162.7% 12.52% +8.63 MEOH Methanex Corp. New 7.68% +7.68 AVNT Avient Corp. Add +112.3% 9.21% +3.51 PPG PPG Industries Inc. New 2.18% +2.18 KRO Kronos Worldwide Inc. New 1.07% +1.07 AXTA Axalta Coating Systems Ltd. Add +101.1% 6.68% +0.76 CVX Chevron Corp. New 0.63% +0.63 KWR Quaker Chemical Corporation Add +75.7% 10.22% +0.40 GEMI Gemini Space Station Inc. Class A New 0.40% +0.40 NXDR Nextdoor Holdings Inc. New 0.34% +0.34 CGC Canopy Growth Corp. New 0.32% +0.32 PEPG Pepgen Inc. New 0.16% +0.16 MXCT Maxcyte Inc. Add +386.3% 0.49% +0.15 RIME Algorhythm Holdings Inc. New 0.14% +0.14 VNRX Volitionrx Ltd. New 0.12% +0.12 VTGN Vistagen Therapeutics Inc. Add +13.2% 0.14% −0.08 SGMOQ Sangamo Therapeutics Inc. Add +45.1% 0.25% −0.20 OI O-I Glass Inc. Add +73.1% 17.29% −4.13
Options Activity Q4 2025 → Q1 2026 Security Type Change vs Q4 2025 Underlying Shares Value ▼ VENTURE GLOBAL INC call Sold out 850,000 $5.8Mbefore 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 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