Wexford Capital LP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Wexford Capital LP reported 393 stock positions worth $332.0 million. Its top holding was Mammoth Energy Services (TUSK) at 15.2% of the portfolio, followed by Nephros (NEPH, 5.2%) and Core Natural Resources (CNR, 4.3%). Compared with Q2 2025, it opened 238 new positions, sold out of 84, added to 39 and reduced 94. The biggest buy was a new position in Core Natural Resources (CNR) and the biggest sale Century Aluminum (CENX, shares −86%).
- Most Recent 13F
- Q2 2026
- Location
- WEST PALM BEACH, FL
- CIK
- 0001048462
- Portfolio Value
- $332.0M (Q3 2025)
- SEC Filing
- 0001398344-25-020990 ↗ filed Nov 14, 2025
Holdings Value
Holdings 393 stocks · $332.0M
| TUSK Mammoth Energy Services Inc. | 15.24% | 22,096,068 | $50.6M | No change |
| NEPH Nephros Inc. | 5.15% | 3,617,033 | $17.1M | Add +0.3% |
| CNR Core Natural Resources Inc. | 4.26% | 169,304 | $14.1M | New |
| EQT Eqt Corp. | 3.81% | 232,561 | $12.7M | New |
| EXE Expand Energy Corp. | 3.59% | 112,207 | $11.9M | New |
| ET Energy Transfer LP | 2.97% | 575,015 | $9.9M | No change |
| TNK Teekay Tankers Ltd. Class A | 2.69% | 176,570 | $8.9M | Reduce -8.9% |
| IMPP Imperial Petroleum Inc. | 2.28% | 1,587,092 | $7.6M | Reduce -12.8% |
| ACMR Acm Research Inc. Class A | 2.19% | 185,942 | $7.3M | Add +74.7% |
| EPD Enterprise Products Partners | 2.07% | 219,887 | $6.9M | No change |
| CENX Century Aluminum Company | 1.83% | 206,513 | $6.1M | Reduce -86.0% |
| AR Antero Resources Corp. | 1.70% | 167,994 | $5.6M | New |
| STLN Starling Oncology Inc. filed as THE ONCOLOGY INSTITUTE INC | 1.65% | 1,571,069 | $5.5M | Add +40.4% |
| GFR Greenfire Resources Ltd. | 1.56% | 1,121,266 | $5.2M | No change |
| MPLX MPLX LP | 1.50% | 99,945 | $5.0M | No change |
| XGN Exagen Inc. | 1.47% | 444,927 | $4.9M | Add +6.9% |
| XPL Solitario Resources Corp. | 1.17% | 5,555,555 | $3.9M | No change |
| NAK Northern Dynasty Minerals | 1.08% | 2,978,971 | $3.6M | Add +423.8% |
| SITM Sitime Corp. | 1.02% | 11,203 | $3.4M | Add +49.4% |
| STIM Neuronetics Inc. | 0.97% | 1,177,225 | $3.2M | Add +83.1% |
| BABA Alibaba Group Holding-SP ADR | 0.92% | 17,066 | $3.1M | Add +29.6% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 0.76% | 30,960 | $2.5M | Add +247.8% |
| XLK SS Technology Select Sector | 0.67% | 7,837 | $2.2M | New |
| ONTO Onto Innovation Inc. | 0.66% | 16,943 | $2.2M | New |
| PONY Pony AI Inc. | 0.65% | 95,998 | $2.2M | Add +595.5% |
| RCAT Red Cat Holdings Inc. | 0.64% | 203,728 | $2.1M | New |
| ESOA Energy Services of America | 0.63% | 201,959 | $2.1M | Add +7.3% |
| RRC Range Resources Corp. | 0.60% | 53,027 | $2.0M | New |
| UAMY United States Antimony Corp. | 0.60% | 319,191 | $2.0M | New |
| TRGP Targa Resources Corp. | 0.59% | 11,760 | $2.0M | New |
| TIGO Millicom Intl Cellular S.A. | 0.58% | 40,000 | $1.9M | No change |
| OVV Ovintiv Inc. | 0.57% | 47,200 | $1.9M | New |
| HNRG Hallador Energy Co. | 0.54% | 91,000 | $1.8M | New |
| MTUS Metallus Inc. | 0.53% | 105,543 | $1.7M | Add +2.0% |
| WRD Weride Inc.-ADR | 0.52% | 176,012 | $1.7M | Reduce -2.9% |
| SIL Global X Silver Miners ETF | 0.52% | 24,236 | $1.7M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.52% | 2,596 | $1.7M | No change |
| IHS Ihs Holding Ltd. | 0.51% | 248,955 | $1.7M | New |
| SPRY Ars Pharmaceuticals Inc. | 0.51% | 168,238 | $1.7M | Reduce -56.0% |
| IMSR Terrestrial Energy Inc. filed as HCM II ACQUISITION CORP | 0.51% | 102,712 | $1.7M | Add +2.7% |
| MOBILICOM LTD | 0.49% | 176,680 | $1.6M | New |
| EEM iShares MSCI Emerging Market | 0.49% | 30,297 | $1.6M | New |
| EWW iShares MSCI Mexico ETF | 0.48% | 23,500 | $1.6M | New |
| FXI iShares China Large-Cap ETF | 0.47% | 38,324 | $1.6M | New |
| GSM Ferroglobe PLC | 0.47% | 345,508 | $1.6M | No change |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.46% | 17,637 | $1.5M | New |
| FEZ State Street SPDR Euro Stoxx | 0.46% | 24,386 | $1.5M | New |
| EWZ iShares MSCI Brazil ETF | 0.45% | 48,670 | $1.5M | New |
| TMQ Trilogy Metals Inc. | 0.45% | 714,350 | $1.5M | Reduce -79.4% |
| VIG Vanguard Dividend Apprec ETF | 0.42% | 6,524 | $1.4M | No change |
| VYMI Vanguard Int High DVD YLD Inc. | 0.42% | 16,456 | $1.4M | No change |
| ENZL iShares MSCI New Zealand ETF | 0.41% | 30,000 | $1.4M | New |
| WYFI Whitefiber Inc. | 0.40% | 49,124 | $1.3M | New |
| ASC Ardmore Shipping Corp. | 0.38% | 105,929 | $1.3M | Add +109.0% |
| AMZN Amazon.com Inc. | 0.37% | 5,532 | $1.2M | Reduce -85.0% |
| USAR USA Rare Earth Inc. | 0.36% | 70,200 | $1.2M | New |
| CNQ Canadian Natural Resources | 0.36% | 37,280 | $1.2M | Reduce -29.2% |
| OSISKO DEVELOPMENT CORP | 0.35% | 336,500 | $1.2M | Reduce -71.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.34% | 4,045 | $1.1M | Add +19.3% |
| CMCSA Comcast Corp. Class A | 0.34% | 35,816 | $1.1M | Reduce -88.0% |
| TAC Transalta Corp. | 0.33% | 80,867 | $1.1M | Add +73.7% |
| ALM Almonty Industries Inc. | 0.33% | 182,184 | $1.1M | New |
| HSAI Hesai Group | 0.33% | 38,786 | $1.1M | Add +70.7% |
| NGD New Gold Inc. | 0.32% | 147,761 | $1.1M | Add +18.2% |
| TASEKO MINES LTD | 0.32% | 250,000 | $1.1M | New |
| NB Niocorp Developments Ltd. | 0.31% | 156,437 | $1.0M | New |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 0.31% | 5,987 | $1.0M | Reduce -33.5% |
| SBLK Star Bulk Carriers Corp. | 0.30% | 53,448 | $994K | New |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 0.29% | 50,288 | $955K | New |
| META Meta Platforms Inc. Class A | 0.28% | 1,249 | $917K | Reduce -5.4% |
| VNOM Viper Energy Partners LP | 0.27% | 23,794 | $909K | No change |
| DUK Duke Energy Corp. | 0.27% | 7,332 | $907K | Reduce -70.5% |
| INSW International Seaways Inc. | 0.26% | 18,489 | $852K | Reduce -61.9% |
| STNG Scorpio Tankers Inc. | 0.26% | 15,169 | $850K | Reduce -75.7% |
| EWY iShares MSCI South Korea ETF | 0.25% | 10,518 | $842K | Reduce -82.6% |
| WMT Walmart Inc. | 0.25% | 8,049 | $830K | Reduce -59.0% |
| AIRS Airsculpt Technologies Inc. | 0.25% | 102,614 | $823K | Add +2.6% |
| ACWI iShares MSCI Acwi ETF | 0.25% | 5,931 | $820K | No change |
| NVT Nvent Electric PLC | 0.24% | 8,054 | $794K | Reduce -24.4% |
| XPEV Xpeng Inc. - ADR | 0.23% | 32,809 | $768K | New |
| AEE Ameren Corporation | 0.23% | 7,322 | $764K | Reduce -65.4% |
| LNT Alliant Energy Corp. | 0.23% | 11,251 | $758K | Reduce -73.1% |
| PWR Quanta Services Inc. | 0.23% | 1,825 | $756K | Reduce -7.4% |
| FLUT Flutter Entertainment PLC-Di | 0.23% | 2,944 | $748K | Reduce -0.1% |
| MNSO Miniso Group Holding Ltd.-ADR | 0.22% | 32,941 | $741K | New |
| OGE Oge Energy Corp. | 0.22% | 15,779 | $730K | New |
| MSFT Microsoft Corp. | 0.22% | 1,384 | $717K | Add +21.6% |
| XEL Xcel Energy Inc. | 0.21% | 8,714 | $703K | Reduce -68.0% |
| LUXE Luxexperience BV | 0.21% | 80,768 | $687K | New |
| GOOGL Alphabet Inc. Class A | 0.20% | 2,713 | $660K | Reduce -89.3% |
| DQ Daqo New Energy Corp.-ADR | 0.19% | 21,886 | $616K | New |
| GNK Genco Shipping & Trading Ltd. | 0.18% | 34,034 | $606K | New |
| NVDA Nvidia Corp. | 0.18% | 3,145 | $587K | Reduce -13.5% |
| CLF Cleveland-Cliffs Inc. | 0.17% | 47,147 | $575K | Reduce -96.8% |
| NXE Nexgen Energy Ltd. | 0.17% | 63,251 | $566K | Add +125.6% |
| URG Ur-Energy Inc. | 0.16% | 303,724 | $544K | Add +21.7% |
| YMM Full Truck Alliance -SPN ADR | 0.16% | 40,996 | $532K | Add +20.3% |
| FDX FedEx Corp. | 0.16% | 2,205 | $520K | Reduce -80.3% |
| EXC Exelon Corp. | 0.16% | 11,507 | $518K | Reduce -62.4% |
| IESC Ies Holdings Inc. filed as IES HLDGS INC | 0.15% | 1,290 | $513K | Reduce -7.9% |
Options reported separately and not counted above: QQQ puts ($348.8M), SMH puts ($8.7M), TLT calls ($6.2M).
Other holdings (1): bonds, preferreds, convertibles and warrants · $12K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| IBACR Ib Acquisition Corp.-RTS | RIGHT 09/28/2026 | 139,950 | $12K | No change |
Total filed on the 13F, all lines: $332.0M.
Portfolio Sells Q2 2025 → Q3 2025
| CENX Century Aluminum Company | Reduce -86.0% | 1.83% | −5.60 |
| CLF Cleveland-Cliffs Inc. | Reduce -96.8% | 0.17% | −2.94 |
| VWO Vanguard Ftse Emerging Marke | Sold out | 0.00% | −2.88 |
| CMCSA Comcast Corp. Class A | Reduce -88.0% | 0.34% | −2.62 |
| AMZN Amazon.com Inc. | Reduce -85.0% | 0.37% | −1.89 |
| SPRY Ars Pharmaceuticals Inc. | Reduce -56.0% | 0.51% | −1.35 |
| PPL PPL Corp. | Sold out | 0.00% | −1.09 |
| GOOGL Alphabet Inc. Class A | Reduce -89.3% | 0.20% | −1.05 |
| EWY iShares MSCI South Korea ETF | Reduce -82.6% | 0.25% | −0.96 |
| TMQ Trilogy Metals Inc. | Reduce -79.4% | 0.45% | −0.86 |
| PINS Pinterest Inc. Class A | Sold out | 0.00% | −0.75 |
| PPTA Perpetua Resources Corp. | Sold out | 0.00% | −0.74 |
| GDX Vaneck Gold Miners ETF | Sold out | 0.00% | −0.61 |
| FDX FedEx Corp. | Reduce -80.3% | 0.16% | −0.55 |
| DUK Duke Energy Corp. | Reduce -70.5% | 0.27% | −0.54 |
| EVRG Evergy Inc. | Sold out | 0.00% | −0.53 |
| FE Firstenergy Corp. | Reduce -82.0% | 0.15% | −0.53 |
| ARKW ARK Next Generation Technolo | Sold out | 0.00% | −0.52 |
| MU Micron Technology Inc. | Sold out | 0.00% | −0.48 |
| PEG Public Service Enterprise GP | Sold out | 0.00% | −0.48 |
| LNT Alliant Energy Corp. | Reduce -73.1% | 0.23% | −0.48 |
| IGV iShares Expanded Tech-Softwa | Sold out | 0.00% | −0.46 |
| INDA iShares MSCI India ETF | Sold out | 0.00% | −0.43 |
| STNG Scorpio Tankers Inc. | Reduce -75.7% | 0.26% | −0.43 |
| BWLP BW LPG Ltd. | Sold out | 0.00% | −0.42 |
| SMH Vaneck Semiconductor ETF | Sold out | 0.00% | −0.42 |
| GSRT GSR III Acquisition Corp. | Sold out | 0.00% | −0.42 |
| AEP American Electric Power | Reduce -88.7% | 0.06% | −0.41 |
| IHF iShares U.S. Healthcare Prov | Sold out | 0.00% | −0.41 |
| OSISKO DEVELOPMENT CORP | Reduce -71.6% | 0.35% | −0.37 |
| RTACU Renatus Tactical Acquisition | Sold out | 0.00% | −0.36 |
| VRNS Varonis Systems Inc. | Sold out | 0.00% | −0.34 |
| NI Nisource Inc. | Reduce -86.4% | 0.06% | −0.34 |
| AEE Ameren Corporation | Reduce -65.4% | 0.23% | −0.34 |
| GEO The Geo Group Inc. | Sold out | 0.00% | −0.33 |
| MCGAU Yorkville Acquisition Corp. | Sold out | 0.00% | −0.31 |
| XEL Xcel Energy Inc. | Reduce -68.0% | 0.21% | −0.31 |
| VLOS Velos Acquisition I Corp. | Sold out | 0.00% | −0.30 |
| ASIC Ategrity Specialty Holdings | Sold out | 0.00% | −0.30 |
| TACOU Berto Acquisition Corp. | Sold out | 0.00% | −0.30 |
| BEAG Bold Eagle Acquisition Cor-A | Sold out | 0.00% | −0.29 |
| NPACU New Providence Acquisition C | Sold out | 0.00% | −0.29 |
| CCCXU Churchill Capital Corp. X | Sold out | 0.00% | −0.29 |
| WMT Walmart Inc. | Reduce -59.0% | 0.25% | −0.28 |
| AMRZ Amrize Ltd. | Sold out | 0.00% | −0.26 |
| INSW International Seaways Inc. | Reduce -61.9% | 0.26% | −0.24 |
| HNST The Honest Co. Inc. | Sold out | 0.00% | −0.24 |
| WTRG Essential Utilities Inc. | Reduce -69.5% | 0.12% | −0.22 |
| UGI Ugi Corp. | Reduce -79.9% | 0.05% | −0.22 |
| EXC Exelon Corp. | Reduce -62.4% | 0.16% | −0.21 |
Portfolio Buys Q2 2025 → Q3 2025
| CNR Core Natural Resources Inc. | New | 4.26% | +4.26 |
| EQT Eqt Corp. | New | 3.81% | +3.81 |
| EXE Expand Energy Corp. | New | 3.59% | +3.59 |
| AR Antero Resources Corp. | New | 1.70% | +1.70 |
| ACMR Acm Research Inc. Class A | Add +74.7% | 2.19% | +1.42 |
| NEPH Nephros Inc. | Add +0.3% | 5.15% | +1.04 |
| STLN Starling Oncology Inc. | Add +40.4% | 1.65% | +1.01 |
| NAK Northern Dynasty Minerals | Add +423.8% | 1.08% | +0.86 |
| XLK SS Technology Select Sector | New | 0.67% | +0.67 |
| XGN Exagen Inc. | Add +6.9% | 1.47% | +0.66 |
| ONTO Onto Innovation Inc. | New | 0.66% | +0.66 |
| RCAT Red Cat Holdings Inc. | New | 0.64% | +0.64 |
| RRC Range Resources Corp. | New | 0.60% | +0.60 |
| PONY Pony AI Inc. | Add +595.5% | 0.65% | +0.60 |
| UAMY United States Antimony Corp. | New | 0.60% | +0.60 |
| TRGP Targa Resources Corp. | New | 0.59% | +0.59 |
| OVV Ovintiv Inc. | New | 0.57% | +0.57 |
| SITM Sitime Corp. | Add +49.4% | 1.02% | +0.57 |
| KSPI JSC Kaspi.kz ADR | Add +247.8% | 0.76% | +0.55 |
| HNRG Hallador Energy Co. | New | 0.54% | +0.54 |
| SIL Global X Silver Miners ETF | New | 0.52% | +0.52 |
| IHS Ihs Holding Ltd. | New | 0.51% | +0.51 |
| BABA Alibaba Group Holding-SP ADR | Add +29.6% | 0.92% | +0.50 |
| MOBILICOM LTD | New | 0.49% | +0.49 |
| EEM iShares MSCI Emerging Market | New | 0.49% | +0.49 |
| EWW iShares MSCI Mexico ETF | New | 0.48% | +0.48 |
| FXI iShares China Large-Cap ETF | New | 0.47% | +0.47 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | New | 0.46% | +0.46 |
| FEZ State Street SPDR Euro Stoxx | New | 0.46% | +0.46 |
| EWZ iShares MSCI Brazil ETF | New | 0.45% | +0.45 |
| ENZL iShares MSCI New Zealand ETF | New | 0.41% | +0.41 |
| WYFI Whitefiber Inc. | New | 0.40% | +0.40 |
| USAR USA Rare Earth Inc. | New | 0.36% | +0.36 |
| STIM Neuronetics Inc. | Add +83.1% | 0.97% | +0.34 |
| ALM Almonty Industries Inc. | New | 0.33% | +0.33 |
| TASEKO MINES LTD | New | 0.32% | +0.32 |
| NB Niocorp Developments Ltd. | New | 0.31% | +0.31 |
| SBLK Star Bulk Carriers Corp. | New | 0.30% | +0.30 |
| BEKE Ke Holdings Inc.-ADR | New | 0.29% | +0.29 |
| ASC Ardmore Shipping Corp. | Add +109.0% | 0.38% | +0.24 |
| XPEV Xpeng Inc. - ADR | New | 0.23% | +0.23 |
| MNSO Miniso Group Holding Ltd.-ADR | New | 0.22% | +0.22 |
| OGE Oge Energy Corp. | New | 0.22% | +0.22 |
| LUXE Luxexperience BV | New | 0.21% | +0.21 |
| IMSR Terrestrial Energy Inc. | Add +2.7% | 0.51% | +0.20 |
| TAC Transalta Corp. | Add +73.7% | 0.33% | +0.19 |
| HSAI Hesai Group | Add +70.7% | 0.33% | +0.19 |
| DQ Daqo New Energy Corp.-ADR | New | 0.19% | +0.19 |
| GNK Genco Shipping & Trading Ltd. | New | 0.18% | +0.18 |
| NGD New Gold Inc. | Add +18.2% | 0.32% | +0.15 |
Options Activity Q2 2025 → Q3 2025
| QQQ Invesco QQQ Trust Series 1 | put | New | 581,000 | $348.8M |
| SMH Vaneck Semiconductor ETF | put | New | 26,600 | $8.7M |
| TLT iShares 20+ Year Treasury BD | call | New | 69,600 | $6.2M |
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 | 219 | $728.8M | MAKO, ACMR, TUSK, HSAI, PAM |
| Q1 2026 | 159 | $606.5M | MAKO, TUSK, ACMR, VIST, HSAI |
| Q4 2025 | 366 | $388.8M | TUSK, SUNC, NEPH, ACMR, NWAX.U |
| Q3 2025 | 393 | $332.0M | TUSK, NEPH, CNR, EQT, EXE |
| Q2 2025 | 239 | $358.5M | TUSK, CENX, NEPH, CLF, CMCSA |
| Q1 2025 | 216 | $384.6M | TUSK, X, CENX, ET, KWEB |
| Q4 2024 | 200 | $390.7M | TUSK, NBIS, X, ET, KOF |
| Q3 2024 | 163 | $417.9M | TUSK, T, KOF, KWEB, SBLK |
| Q2 2024 | 181 | $394.8M | TUSK, T, CVE, SBLK, KOF |
| Q1 2024 | 206 | $489.5M | TUSK, CVE, INSW, PBR, CRESCENT PT ENERGY CORP |