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Livermore
Livermore
ZHEN

Yost Capital Management, LP

SEC CIK
0001489859
Latest filing
Feb 13, 2026

The latest 13F from Yost Capital Management, LP covers Q4 2025 (filed Feb 13, 2026): 13 long positions worth $68.9M. The top 10 holdings make up 96.5% of the portfolio, and the largest is Sensient Technologies Corp (SXT) at 17.8%. Livermore has 20 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q4 2025

Share counts compared with Q3 2025: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
3
Est. +$10.9M
Added
2
Est. +$8.40M
Reduced
7
Est. −$13.7M
Sold out
3
Est. −$15.3M

Top 5 holdings

Share of this quarter's portfolio value

  1. SXTSensient Technologies Corp
    17.8%$12.3MHistory
  2. FLUTFlutter Entertainment plc
    16.9%$11.7MHistory
  3. TLNTalen Energy Corp
    13.6%$9.39MHistory
  4. LNGCheniere Energy, Inc.
    9.8%$6.76MHistory
  5. DTMDT Midstream, Inc.
    8.7%$5.98MHistory

Share of portfolio

Top 5 holdings and the other 8 positions, by share of portfolio value

  1. SXT17.8%
  2. FLUT16.9%
  3. TLN13.6%
  4. LNG9.8%
  5. DTM8.7%
  6. Other 8 positions33.1%

Biggest buys

New and added positions, by estimated amount bought

  1. COMPCompass, Inc.
    +$5.29MNewHistory
  2. MOHMolina Healthcare, Inc.
    +$5.21MNewHistory
  3. FLUTFlutter Entertainment plc
    +$4.23MAddedHistory
  4. SXTSensient Technologies Corp
    +$4.17MAddedHistory
  5. MRVIMaravai Lifesciences Holdings, Inc.
    +$409.7KNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. SXTSensient Technologies Corp
    +7.98 pp9.8% → 17.8%History
  2. COMPCompass, Inc.
    +7.67 pp0.0% → 7.7%History
  3. MOHMolina Healthcare, Inc.
    +7.56 pp0.0% → 7.6%History
  4. FLUTFlutter Entertainment plc
    +6.25 pp10.7% → 16.9%History
  5. MRVIMaravai Lifesciences Holdings, Inc.
    +0.59 pp0.0% → 0.6%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. COFCapital One Financial Corp
    −$6.99MSold outHistory
  2. iShares Russell 2000 ETF464287655
    −$5.25MReduced
  3. UHAL.BU-Haul Holding Co
    −$4.83MSold outHistory
  4. SSTISoundthinking, Inc.
    −$3.52MSold outHistory
  5. ATMUAtmus Filtration Technologies Inc.
    −$2.08MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. COFCapital One Financial Corp
    −8.50 pp8.5% → 0.0%History
  2. iShares Russell 2000 ETF464287655
    −6.01 pp7.4% → 1.4%
  3. UHAL.BU-Haul Holding Co
    −5.86 pp5.9% → 0.0%History
  4. SSTISoundthinking, Inc.
    −4.28 pp4.3% → 0.0%History
  5. ZZillow Group, Inc.
    −2.56 pp7.2% → 4.7%History

Metrics

13F metrics for Q4 2025, computed only from the numbers in the filings. Definitions below.

Portfolio value
$68.9M
−$13.4M (−16.2%) vs. prior quarter
Positions
13
0 vs. prior quarter
Top 10 concentration
96.5%
Top 10 as share of value
Turnover
25.5%
Q4 2025, one quarter
Average holding period
6.4 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

20 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $153.0M (Q1 2022)

Q1 2021: $75.2MQ2 2021: $89.6MQ3 2021: $98.9MQ4 2021: $141.9MQ1 2022: $153.0MQ2 2022: $85.6MQ3 2022: $92.6MQ4 2022: $96.1MQ1 2023: $91.2MQ2 2023: $103.1MQ3 2023: $92.8MQ4 2023: $59.6MQ1 2024: $64.6MQ2 2024: $60.0MQ3 2024: $96.8MQ4 2024: $90.0MQ1 2025: $65.2MQ2 2025: $72.9MQ3 2025: $82.3MQ4 2025: $68.9M
Q1 2021Q4 2025
13F filings of Yost Capital Management, LP by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q4 2025Feb 13, 202613$68.9MSXTFLUTTLNvs. Q3 2025SEC
Q3 2025Nov 13, 202513$82.3MTLNLNGFLUTvs. Q2 2025SEC
Q2 2025Aug 13, 202512$72.9MTLNLNGFLUTvs. Q1 2025SEC
Q1 2025May 14, 202512$65.2MFLUTLNGTLNvs. Q4 2024SEC
Q4 2024Feb 13, 202515$90.0MSPYiShares Russell 2000 ETFTLNvs. Q3 2024SEC
Q3 2024Nov 13, 202415$96.8MiShares Russell 2000 ETFTLNFLUTvs. Q2 2024SEC
Q2 2024Aug 12, 202415$60.0MFLUTRTOLNGvs. Q1 2024SEC
Q1 2024May 14, 202416$64.6MFLUTRTOZvs. Q4 2023SEC
Q4 2023Feb 13, 202414$59.6MRTOZKMXvs. Q3 2023SEC
Q3 2023Nov 13, 202314$92.8MRTOZLNGvs. Q2 2023SEC
Q2 2023Aug 11, 202314$103.1MRTOZLNGvs. Q1 2023SEC
Q1 2023May 15, 202312$91.2MRTOZLNGvs. Q4 2022SEC
Q4 2022Feb 14, 202312$96.1MRTOVRSNLNGvs. Q3 2022SEC
Q3 2022Nov 14, 202214$92.6MTMXLNGVRSNvs. Q2 2022SEC
Q2 2022Aug 12, 202213$85.6MLNGTMXVRSNvs. Q1 2022SEC
Q1 2022May 16, 202214$153.0MLNGVRSNAZPNvs. Q4 2021SEC
Q4 2021Feb 14, 202212$141.9MVRSNLNGSCHWvs. Q3 2021SEC
Q3 2021Nov 15, 20219$98.9MLNGVRSNSCHWvs. Q2 2021SEC
Q2 2021Aug 16, 20219$89.6MVRSNSCHWDISvs. Q1 2021SEC
Q1 2021May 14, 20218$75.2MVRSNDISSCHW–SEC