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Yaupon Capital Management LP
Yaupon Capital Management LP is a New York-based hedge fund founded by Steve Pattyn. The firm is registered with the SEC and primarily serves pooled investment vehicles, managing about $3.6 billion in assets. The team consists of 17 employees, with a focus on investors, and it was founded in 2018.
Investment Strategy
Yaupon Capital Management LP follows a fundamental, research-driven investment approach focused on public equities and related securities. The firm manages long/short strategies as evidenced by its diversified holdings, taking positions across industries with the aim of generating risk-adjusted returns. Recent filings suggest a dynamic allocation, with significant activity in energy, utilities, and credit sectors, demonstrating an opportunistic and flexible style driven by sector analysis, market conditions, and special situations.
Latest 13F Filing Activity
Yaupon Capital Management LP filed their most recent 13F report on Jun 30, 2025 disclosing 81 equity positions and 31 options positions with a total 13F market value of $2B. The fund increased holdings in Hess Corp., CSX Corp., Cheniere Energy Inc. among other positions. Yaupon Capital Management LP reduced exposure to American Elec PWR Co. Inc., Ge Vernova Inc., Centerpoint Energy Inc. among others.
Top Holdings
Equity Positions (81)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
B BP | BP PLC | 2.57% | $57.2M | 1,910,792 | $30.38 | $29.93 | -$10.0M |
S SHEL | SHELL PLC | 2.54% | $56.6M | 804,153 | $65.61 | $70.41 | -$6.0M |
E EVRG | EVERGY INC | 2.51% | $55.9M | 810,504 | $62.99 | $68.93 | +$28.5M |
A AEP | AMERICAN ELEC PWR CO INC | 2.13% | $47.5M | 457,880 | $109.27 | $103.76 | -$50.8M |
E ETR | ENTERGY CORP NEW | 1.99% | $44.4M | 534,514 | $85.49 | $83.12 | -$5.3M |
Options Positions (31)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
D D | DOMINION ENERGY INC | Bought | Put | $70.7M | 12,500 | $56.52 | $56.34 | +7,500 | +$42.6M |
X XLU | SELECT SECTOR SPDR TR | Sold | Put | $61.2M | 7,500 | $81.66 | $78.85 | -2,500 | -$17.6M |
H HYG | ISHARES TR | Bought | Put | $60.5M | 7,500 | $80.65 | $80.65 | +7,500 | +$60.5M |
E EXE | EXPAND ENERGY CORPORATION | — | Put | $46.8M | 4,000 | $116.94 | $111.32 | 0 | +$2.2M |
D DOW | DOW INC | Bought | Put | $39.7M | 15,000 | $26.48 | $29.29 | +10,000 | +$22.3M |
Industry Allocation
Investment Team (2)
| Name | Role | Location | |
|---|---|---|---|
B Brandon Lebowitz | Director of Research | New York, NY , United States | |
 | Managing Director | New York, NY , United States |
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