Arkolith/Funds/Lonestar Capital Management LLC

Lonestar Capital Management LLC

CIK 1317410Hedge fund
Holdings as of Jun 30, 2026·disclosed Aug 14, 2026·~45-day 13F lag·13F-HR
Active Filer

Lonestar Capital Management LLC holds a focused book of 26 reported positions worth $155.3M as of Q2 2026 (disclosed Aug 14, 2026, a ~45-day 13F lag). This quarter they opened Covista Inc and trimmed Garrett Motion Inc. Their largest long position is Garrett Motion Inc at 13% of the reported non-option book. They also disclosed $185.7M in put options (a bearish bet) and $4.4M in call options (bullish), shown separately below and excluded from the non-option book. Cloning the disclosed picks since 2025 would be +39% (+35.0%/yr). That is a simulation of the disclosed long book, not audited returns.

Growth of $10,000: cloning the disclosed book

If you'd copied them
+38.5%
+35.0%/yr · since Aug '25
Their reported book
+30.0%
held from quarter-end
S&P 500
+19.5%
same window
$10K$11K$13K$14K$15KAug '25Oct '25Jan '26Apr '26Jun '26Sep '26
Lonestar Capital Management LLC (copied at disclosure) S&P 500

Following at the filing date actually beat the quarter-end book by 8.6 points over this window.

Growth of $10,000 cloning Lonestar Capital Management LLC's disclosed long 13F book, rebalanced on each filing date (so it reflects each quarter's actual reporting lag, ~45 days for the latest filing, with no look-ahead), total-return basis (dividends reinvested), derived from end-of-day prices. “Their reported book” values the same picks from quarter-end, before they were public. S&P 500 is SPY total return over the same window. Excludes shorts, cash, options and non-13F holdings. Not investment advice.

How much sits in the biggest positions

Top-heavy: focused book

Top 5 holdings
43%
Top 10 holdings
65%
Top 20 holdings
92%

Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.

Where the money is, by sector

96% mapped to company sectors

Consumer Discretionary
31%
Utilities
22%
Energy
8%
Industrials
8%
Materials
8%
Real Estate
7%
Health Care
6%
Communication Services
5%

+3 sectors below the cut, 5% together

Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.

Biggest moves: latest quarter

Estimated $ traded · quarter-end prices (an exit at the prior quarter-end), no cost basis

Bought
Trimmed / exited

Funds with the most overlap

Other tracked managers holding the same core names as Lonestar Capital Management LLC

Manager / fundShared namesTheir $ in those
LSP Investment Advisors, LLC3 / 26$61.3M
Magarian Capital Management, LLC3 / 26$79.8M
Flat Footed LLC4 / 26$320.2M
Praetorian PR LLC2 / 26$64.9M
Nierenberg Investment Management Company, LLC4 / 26$38.1M
Delphi Financial Group, Inc.3 / 26$36.8M
Cobalt Capital Management, Inc.3 / 26$23.8M
Rubric Capital Management LP5 / 26$1.8B

Ranked by the share of each fund's own book sitting in the names it shares with Lonestar Capital Management LLC: only funds sharing at least a tenth of the book qualify. Index giants, bank custody books and market makers are excluded. They hold everything, so their overlap says nothing.

Holdings: largest first

Bars show each position's share of the portfolio. Click a row for its position history.

26 positions
#SecurityValueShares% PortLast moveHistory
1Garrett Motion Inc
COM
$19.9M550.0K
12.8%
−31%
Reduced · −250K sh
2Energy Transfer L P
COM UT LTD PTN
$17.2M900.0K
11.1%
Held
3Global Ship Lease Inc
COM CL A
$10.9M290.0K
7.0%
+81%
Added · +130K sh
4Diversified Healthcare TR
COM SH BEN INT
$9.8M1.05M
6.3%
−34%
Reduced · −550K sh
5Target Hospitality Corp
COM
$8.8M433.1K
5.7%
+15%
Added · +58K sh
6Brookdale SR Living Inc
COM
$8.7M540.0K
5.6%
−18%
Reduced · −120K sh
7Covista Inc
COM
$6.9M55.0K
4.4%
New
New position
8Vistra Corp
COM
$6.3M40.0K
4.1%
−20%
Reduced · −10K sh
9Talen Energy Corp
COM
$6.1M16.0K
4.0%
−47%
Reduced · −14K sh
10Vaneck ETF Trust
GOLD MINERS ETF
$6.0M80.0K
3.9%
Held
11Dauch Corp
COM
$5.1M950.0K
3.3%
−37%
Reduced · −550K sh
12Celanese Corp Del
COM
$5.1M110.0K
3.3%
−45%
Reduced · −90K sh
13Expand Energy Corporation
COM
$5.0M55.0K
3.2%
−35%
Reduced · −30K sh
14Lincoln Edl Svcs Corp
COM
$4.2M83.9K
2.7%
−44%
Reduced · −66K sh
15Dow Hldgs Inc
COM
$4.1M150.0K
2.6%
−17%
Reduced · −30K sh
16NRG Energy Inc
COM NEW
$3.9M27.0K
2.5%
−55%
Reduced · −33K sh
17Kyivstar Group Ltd
ORD SHS
$3.9M240.0K
2.5%
New
New position
18Lumen Technologies Inc
COM
$3.8M500.0K
2.5%
+18%
Added · +75K sh
19Universal Technical Inst Inc
COM
$3.6M85.0K
2.3%
Held
20Eqt Corp
COM
$3.2M60.0K
2.1%
−33%
Reduced · −30K sh
21Lyondellbasell Industries NV
SHS - A -
$3.2M60.0K
2.0%
Held
22Transocean Ltd
REGISTERED SHS
$2.3M475.0K
1.5%
−47%
Reduced · −425K sh
23Seadrill Ltd
COM
$2.1M55.0K
1.3%
−45%
Reduced · −45K sh
24Galaxy Digital Inc.
CL A
$1.9M70.0K
1.2%
New
New position
25Adt Inc Del
COM
$1.6M250.0K
1.0%
New
New position
26Service Pptys TR
COM SH BEN INT
$1.5M900.0K
1.0%
New
New position
Showing all 26 positions
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Largest options & derivatives disclosed

Put / call positions from the 13F — totals include every disclosed option leg

Put notional (bearish)$185.7M
Call notional (bullish)$4.4M
TypeUnderlyingNotional valueUnderlying shares
PUT · bearishSS SPDR S&P 500 ETF TRUST-USSPY$112.0M2K
PUT · bearishINVESCO QQQ TRUST SERIES 1QQQ$73.6M1K
CALL · bullishTRANSOCEAN LTDRIG$4.4M9K

13F filers disclose option positions at the market value of the underlying the contracts reference, not the premium paid. A put is a bearish bet (it gains if the stock falls); a call is bullish. “Underlying shares” is the share count the contracts control, not a share holding. These legs are excluded from the non-option book, weighting, concentration and sector figures above.

Filing history

As-of date vs the date the SEC received each filing

$684.9M · Q3 2025Q2 2025 · $269.6MQ2 2026 · $345.4M

Reported 13F total per quarter. Raw filing totals can include option notional.

QuarterAs ofFiledLagPositionsValueForm
Q2 2026Jun 30, 2026Aug 14, 202645d29$345.4M13F-HR
Q1 2026Mar 31, 2026May 15, 202645d32$670.8M13F-HR
Q4 2025Dec 31, 2025Feb 17, 202648d31$624.2M13F-HR
Q3 2025Sep 30, 2025Nov 14, 202545d27$684.9M13F-HR
Q2 2025Jun 30, 2025Aug 14, 202545d18$269.6M13F-HR

Data source

Holdings from SEC EDGAR 13F-HR filings, updated quarterly, filed up to 45 days after quarter-end. Public domain. Book totals and portfolio weights cover reported non-option positions, which can include notes and warrants. Disclosed put/call options are listed separately and excluded from those totals. The performance line is a simulation of the disclosed long book, not an audited return.