Arosa Capital Management LP

CIK 1596053 · View on SEC EDGAR ↗

Portfolio value QoQ: -15.0% 13F does not disclose cash

Top 10 holdings weight59.40%

Top 25 holdings weight86.22%

Positions above 1%26

Effective number of positions20.9

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 49.29% Est. buys $301,008,400 · sells $488,182,224

Median holding: 2.0 quarters Tracked Q1 2025–Q2 2026 · 27.4% still held

New positions27

Increased5

Decreased17

Closed32

Put-notional exposure: 30.6% puts 13F reports option positions at underlying notional value — may include hedges, not necessarily bearish bets

Portfolio value $561.1M #3,628 of 9,339 by 13F value · top 38.8%

Positions 52

As of June 30, 2026 Data as of Q2 2026

Performance vs S&P 500

Tracked Q1 2025–Q2 2026 +223.4%

S&P 500 total return (same window) +37.0%

Excess return +186.4%

Annualized: +155.9% · S&P 500: +28.7%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 95.6% · Options excluded: 75.6%

Sector breakdown

Technology 35.1%

Industrials 32.8%

Consumer Discretionary 10.5%

Energy 3.2%

Materials 1.2%

Other/Unmapped 17.2%

Full portfolio 52 positions

				Type		Streak
SPY SPY	$59,741,600	10.65%	80,000	Put option	$-96,340,000	Down ×1
VICR Vicor Corporation - Common Stock	$47,472,500	8.46%	125,000		$22,276,000	Down ×1
SMH SMH	$45,912,300	8.18%	70,000	Put option		Up ×1
VICR Vicor Corporation - Common Stock	$41,775,800	7.45%	110,000	Call option	$25,675,800	Up ×1
ENPH Enphase Energy, Inc. - Common Stock	$32,744,600	5.84%	665,000	Call option	$28,963,600	Up ×1
IREN IREN Limited - Ordinary Shares	$32,468,300	5.79%	710,000	Call option	$-269,100	Down ×1
QQQ Invesco QQQ Trust, Series 1	$22,092,000	3.94%	30,000	Put option	$-70,256,800	Down ×1
APLD Applied Digital Corporation - Common Stock	$20,142,000	3.59%	540,000	Call option
MPWR Monolithic Power Systems, Inc. - Common Stock	$16,588,320	2.96%	12,000		$11,668,245	Up ×1
SHLS Shoals Technologies Group, Inc. - Class A Common Stock	$14,355,000	2.56%	1,450,000	Call option	$13,039,000	Up ×1
CIFR Cipher Mining Inc. - Common Stock	$13,475,000	2.40%	550,000	Call option	$10,257,500	Up ×1
SMH SMH	$13,117,800	2.34%	20,000	Call option	$-1,259,700	Down ×1
POWI Power Integrations, Inc. - Common Stock	$12,564,000	2.24%	150,000	Call option		Up ×1
BE Bloom Energy Corporation Class A Common Stock	$12,108,000	2.16%	40,000	Call option
VICR Vicor Corporation - Common Stock	$11,393,400	2.03%	30,000	Put option		Up ×1
MPWR Monolithic Power Systems, Inc. - Common Stock	$11,058,880	1.97%	8,000	Call option		Up ×1
RUN Sunrun Inc. - Common Stock	$10,704,000	1.91%	800,000	Call option
ETN Eaton Corporation, PLC Ordinary Shares	$10,653,000	1.90%	25,000	Call option
POWI Power Integrations, Inc. - Common Stock	$10,470,000	1.87%	125,000
NXPI NXP Semiconductors N.V. - Common Stock	$8,430,900	1.50%	30,000	Call option		Up ×1
NXT Nextpower Inc. - Class A Common Stock	$8,339,800	1.49%	70,000	Call option
Q Qnity Electronics, Inc. Common Stock	$8,165,500	1.46%	50,000			Up ×1
AXTI AXT Inc - Common Stock	$7,208,000	1.28%	100,000	Call option		Up ×1
URA Global X Funds	$6,555,000	1.17%	150,000	Put option
DVN Devon Energy Corporation Common Stock	$6,198,000	1.10%	150,000	Put option		Up ×1
SEDG SolarEdge Technologies, Inc. - Common Stock	$5,844,000	1.04%	100,000	Call option
ALB Albemarle Corporation Common Stock	$5,401,200	0.96%	40,000	Call option		Up ×1
RUN Sunrun Inc. - Common Stock	$5,352,000	0.95%	400,000	Put option		Up ×1
ICLN iShares Global Clean Energy ETF	$5,122,500	0.91%	250,000	Put option		Up ×1
MTZ MasTec, Inc. Common Stock	$4,992,720	0.89%	12,000	Put option		Up ×1
PRIM Primoris Services Corporation Common Stock	$4,956,000	0.88%	50,000	Call option		Up ×1
WULF TeraWulf Inc. - Common Stock	$4,940,000	0.88%	200,000	Call option	$611,000	Down ×2
FSLR First Solar, Inc. - Common Stock	$4,719,200	0.84%	20,000	Call option
WMB Williams Companies, Inc. (The) Common Stock	$4,460,400	0.79%	60,000		$-998,100	Down ×2
HAL Halliburton Company Common Stock	$4,074,000	0.73%	120,000	Put option
BW Babcock & Wilcox Enterprises, Inc. Common Stock	$3,877,500	0.69%	275,000		$-4,569,250	Down ×1
ROG Rogers Corporation Common Stock	$3,602,060	0.64%	22,000		$-1,078,816	Down ×1
CEVA CEVA, Inc. - Common Stock	$3,301,200	0.59%	70,000			Up ×1
SEI Solaris Energy Infrastructure, Inc. Class A Common Stock	$3,218,400	0.57%	40,000		$-172,200	Down ×1
AMBA Ambarella, Inc. - Ordinary Shares	$3,003,000	0.54%	35,000			Up ×1
FLEX Flex Ltd. - Ordinary Shares	$1,620,700	0.29%	10,000			Up ×1
AXTI AXT Inc - Common Stock	$1,261,400	0.22%	17,500		$-3,581,900	Down ×1
MTRN Materion Corporation	$1,189,560	0.21%	4,000		$-2,426,690	Down ×1
EOSE Eos Energy Enterprises, Inc. - Common Stock	$1,176,000	0.21%	200,000		$-2,425,124	Down ×1
KULR CUSIP: 50125G307	$1,143,000	0.20%	300,000		$432,000
NEOV NeoVolta Inc. - Common Stock	$1,008,000	0.18%	320,000			Up ×1
AOSL Alpha and Omega Semiconductor Limited - Common Shares	$709,950	0.13%	15,000		$45,150	Down ×1
TGEN CUSIP: 87876P201	$652,500	0.12%	125,000		$-243,500	Down ×1
IMSRW Terrestrial Energy Inc. - Warrant	$591,500	0.11%	175,000		$138,250
NUCLW Eagle Nuclear Energy Corp. - Warrants	$566,044	0.10%	390,375		$-476,456	Down ×1
GWH ESS Tech, Inc. Common Stock	$522,500	0.09%	550,000		$-542,200	Down ×2
NPWRWS CUSIP: 64107A113	$30,812	0.01%	106,249		$2,125
No matches

Biggest new bets

New positions opened this quarter, largest first.

Security	Value	Shares	% of portfolio
SMH	$45,912,300	70,000	8.18%
APLD	$20,142,000	540,000	3.59%
POWI	$12,564,000	150,000	2.24%
BE	$12,108,000	40,000	2.16%
VICR	$11,393,400	30,000	2.03%
MPWR	$11,058,880	8,000	1.97%
RUN	$10,704,000	800,000	1.91%
ETN	$10,653,000	25,000	1.90%
POWI	$10,470,000	125,000	1.87%
NXPI	$8,430,900	30,000	1.50%
NXT	$8,339,800	70,000	1.49%
Q	$8,165,500	50,000	1.46%
AXTI	$7,208,000	100,000	1.28%
URA	$6,555,000	150,000	1.17%
DVN	$6,198,000	150,000	1.10%

Top movers (QoQ)

Security	Action	Shares Δ	Value Δ
SPY	Trimmed	-160K	-$96.3M
QQQ	Trimmed	-130K	-$70.3M
VICR	Bought more	+10K	+$25.7M
VICR	Trimmed	-32K	+$22.3M
MPWR	Bought more	+8K	+$11.7M
CIFR	Bought more	+300K	+$10.3M
BW	Trimmed	-300K	-$4.6M
AXTI	Trimmed	-68K	-$3.6M
MTRN	Trimmed	-21K	-$2.4M
EOSE	Trimmed	-526K	-$2.4M

2 positions hidden — reported move looks larger than the position itself (data completeness check)

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

Security	Quarter	Shares before	Value before	Price since exit
PWR	June 30, 2026	149,418	$82,033,470	-24.1%
ETN	March 31, 2026	175,000	$55,739,250	2.4%
SPY	Dec. 31, 2025	60,000	$39,970,800	No longer tracked
XLI	June 30, 2026	215,354	$34,829,202	-11.1%
GEV	June 30, 2025	97,200	$29,673,216	54.0%
RUN	March 31, 2026	1,300,000	$23,920,000	-44.1%
TAN	Sept. 30, 2025	600,000	$20,556,000	-5.3%
VRT	March 31, 2026	95,000	$15,390,950	-22.5%
PWR	June 30, 2025	60,000	$15,250,800	44.5%
CORZ	Sept. 30, 2025	850,000	$14,509,500	-27.0%
EQT	March 31, 2026	220,000	$11,792,000	-12.6%
TAN	June 30, 2026	200,000	$11,142,000	-30.2%
APLD	March 31, 2026	450,000	$11,034,000	-23.1%
ECG	June 30, 2026	88,000	$10,389,280	-42.8%
CCJ	June 30, 2026	95,205	$10,340,215	-22.8%
SPY	June 30, 2025	18,000	$10,069,020	No longer tracked
RIOT	Dec. 31, 2025	518,000	$9,857,540	-1.1%
ORA	March 31, 2026	83,000	$9,169,010	-22.2%
GEV	June 30, 2026	10,000	$8,729,000	-30.6%
WGMI	March 31, 2026	200,000	$7,654,000
SEDG	March 31, 2026	255,000	$7,356,750	-34.7%
GM	March 31, 2026	90,000	$7,318,800	1.9%
CTRI	Sept. 30, 2025	300,000	$6,732,000	-8.6%
TLN	June 30, 2026	20,000	$6,384,600	-14.7%
AMTM	Sept. 30, 2025	252,500	$5,961,525	-9.1%
RUN	Sept. 30, 2025	700,000	$5,726,000	-56.2%
HAL	March 31, 2026	200,000	$5,652,000	-10.4%
CEG	June 30, 2026	20,000	$5,585,000	2.0%
NXPI	Dec. 31, 2025	23,000	$5,237,790	8.2%
SHLS	June 30, 2025	1,465,193	$4,864,441	78.4%
XLE	Dec. 31, 2025	50,000	$4,467,000	55.1%
EXE	June 30, 2026	40,000	$4,391,200	2.2%
ARRY	Dec. 31, 2025	537,000	$4,376,550	-65.4%
ICLN	Sept. 30, 2025	332,945	$4,364,909
FLNC	Dec. 31, 2025	400,000	$4,320,000	-71.7%
BEP	March 31, 2026	155,000	$4,180,350	-12.6%
LTBR	Sept. 30, 2025	300,000	$4,011,000	-76.0%
ITRI	Sept. 30, 2025	30,000	$3,948,900	-29.6%
F	March 31, 2026	300,000	$3,936,000	0.5%
MIR	Sept. 30, 2025	180,273	$3,881,278	-36.3%
EXE	Dec. 31, 2025	35,000	$3,718,400	-15.5%
APTV	June 30, 2025	60,000	$3,570,000	-37.4%
PRIM	June 30, 2025	61,350	$3,522,104	-16.6%
STRL	June 30, 2026	8,000	$3,258,160	-57.7%
E	June 30, 2026	55,000	$3,113,550	32.5%
UUUU	June 30, 2026	155,000	$2,828,750	No longer tracked
HONDW	Dec. 31, 2025	450,000	$2,700,000	No longer tracked
GILT	March 31, 2026	200,000	$2,588,000	-50.5%
BKR	June 30, 2025	58,000	$2,549,100	45.7%
MP	March 31, 2026	50,000	$2,526,000	-20.6%
FPS	June 30, 2026	85,000	$2,487,950	-56.6%
NRGV	March 31, 2026	525,000	$2,420,250	-22.7%
DJT	March 31, 2026	180,000	$2,383,200	-31.0%
OXY	Dec. 31, 2025	50,000	$2,362,500	56.1%
DNN	Sept. 30, 2025	1,285,200	$2,339,064	No longer tracked
VNOM	March 31, 2026	60,000	$2,317,800	-0.1%
LAC	June 30, 2026	550,000	$2,172,500	-46.2%
SLB	Dec. 31, 2025	60,000	$2,062,200	38.2%
CWEN	Sept. 30, 2025	63,000	$2,016,000	10.1%
TE	March 31, 2026	300,000	$2,004,000	-47.8%
ENPH	Sept. 30, 2025	50,000	$1,982,500	-10.7%
MWH	June 30, 2026	65,686	$1,972,551	-37.2%
TSSI	June 30, 2026	150,000	$1,951,500	-43.7%
VAL	Dec. 31, 2025	40,000	$1,950,800	93.1%
VNOM (filed as VNOMXXXX)	Sept. 30, 2025	50,000	$1,906,500	22.8%
ATOM	June 30, 2026	490,000	$1,866,900	-66.2%
TRGP	March 31, 2026	10,000	$1,845,000	20.6%
NVT	June 30, 2026	15,000	$1,774,200	-26.1%
OPTX	June 30, 2026	250,000	$1,757,500	-46.3%
KMI	Dec. 31, 2025	60,000	$1,698,600	25.2%
LGN	June 30, 2026	30,000	$1,693,800	-57.7%
OKLO	Dec. 31, 2025	15,000	$1,674,450	-63.3%
PR	June 30, 2025	120,000	$1,662,000	87.2%
WCN	June 30, 2025	8,000	$1,561,520	-0.1%
VST	June 30, 2026	10,205	$1,534,118	-11.6%
PRIM	March 31, 2026	12,000	$1,489,680	-54.5%
RACE	March 31, 2026	4,000	$1,478,240	16.2%
POWI	March 31, 2026	40,000	$1,421,600	-8.2%
CTRA	Dec. 31, 2025	60,000	$1,419,000	No longer tracked
AN	Dec. 31, 2025	6,000	$1,312,620	-22.0%
GPI	Dec. 31, 2025	3,000	$1,312,530	-37.7%
LNG	June 30, 2025	5,600	$1,295,840	22.6%
FCEL	Dec. 31, 2025	150,000	$1,170,000	52.0%
CTRA	June 30, 2025	40,000	$1,156,000	No longer tracked
HOND	Dec. 31, 2025	65,000	$1,066,650	No longer tracked
NB	March 31, 2026	200,000	$1,060,000	-33.9%
GNRC	March 31, 2026	7,500	$1,022,775	-4.3%
BWXT	June 30, 2026	5,000	$1,022,450	-34.7%
RDW	June 30, 2026	120,000	$1,020,000	-31.6%
USAR	June 30, 2026	65,000	$983,775	-56.8%
LEU	Sept. 30, 2025	5,338	$977,815	-67.0%
HUT	June 30, 2026	20,000	$938,200	-47.0%
ASPI	June 30, 2026	200,000	$884,000	-68.7%
BITF	March 31, 2026	375,000	$881,250	No longer tracked
CLSK	June 30, 2026	100,000	$851,000	-45.8%
AR	Sept. 30, 2025	20,000	$805,600	19.7%
SVIIF	Dec. 31, 2025	64,000	$800,640	No longer tracked
KN	March 31, 2026	36,000	$771,480	25.3%
LBRT	Dec. 31, 2025	60,000	$740,400	-15.5%
ON	Dec. 31, 2025	15,000	$739,650	33.4%
AVAV	June 30, 2026	4,000	$732,200	-25.3%
LEU	March 31, 2026	3,000	$728,280	-41.0%
NXE	Dec. 31, 2025	80,000	$716,000	-11.4%
KTOS	June 30, 2026	10,000	$705,100	-22.4%
MPC	Dec. 31, 2025	3,600	$693,864	181.1%
SVIWF	Dec. 31, 2025	500,000	$650,000	No longer tracked
ISOU	Dec. 31, 2025	60,425	$608,788	No longer tracked
ASTI	June 30, 2026	150,000	$591,000	-65.8%
VLO	Dec. 31, 2025	3,000	$510,780	157.6%
WWR	Dec. 31, 2025	450,000	$426,915	No longer tracked
AGX	Dec. 31, 2025	1,250	$337,563	5.7%
FEAM	June 30, 2026	200,000	$280,000	64.7%
CORZ	June 30, 2026	10,993	$164,455	-48.8%