Impala Asset Management LLC Quant / Systematic

CIK: 0001317679 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 13, 2026

Total Value ($000): $158,730 (100.0% shares, 0.0% debt)

Holdings (23)

New Positions (13)

WHR WHIRLPOOL CORP 5.0%

Value ($000) $7,935 Shares 110,000 Est. Cost $73.83 Unrealized 0.0%

MT ARCELORMITTAL SA LUXEMBOURG 4.6%

Value ($000) $7,281 Shares 158,866 Est. Cost $45.83 Unrealized —

— HUNTSMAN CORP 3.4%

Value ($000) $5,370 Shares 537,000 Est. Cost $10.00 Unrealized —

AMR ALPHA METALLURGICAL RESOUR INC 2.8%

Value ($000) $4,397 Shares 22,000 Est. Cost $172.83 Unrealized 0.0%

DKS DICKS SPORTING GOODS INC 2.7%

Value ($000) $4,217 Shares 21,300 Est. Cost $217.13 Unrealized 0.0%

RIO RIO TINTO PLC 2.0%

Value ($000) $3,217 Shares 40,194 Est. Cost $80.03 Unrealized —

FANG DIAMONDBACK ENERGY INC 1.9%

Value ($000) $3,007 Shares 20,000 Est. Cost $147.05 Unrealized 0.0%

VALE VALE S A 1.3%

Value ($000) $2,085 Shares 160,000 Est. Cost $13.03 Unrealized —

MLI MUELLER INDS INC 1.1%

Value ($000) $1,722 Shares 15,000 Est. Cost $107.37 Unrealized 0.0%

HY HYSTER-YALE INC 0.9%

Value ($000) $1,486 Shares 50,000 Est. Cost $32.71 Unrealized 0.0%

FLNC FLUENCE ENERGY INC 0.7%

Value ($000) $1,187 Shares 60,000 Est. Cost $18.84 Unrealized 0.0%

VRA VERA BRADLEY INC 0.6%

Value ($000) $976 Shares 403,447 Est. Cost $2.32 Unrealized 0.0%

PGEN PRECIGEN INC 0.4%

Value ($000) $690 Shares 165,000 Est. Cost $3.87 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WHR	WHIRLPOOL CORP	110,000	$7,935	5.0%	$73.83	0.0%	COM	963320106
MT	ARCELORMITTAL SA LUXEMBOURG	158,866	$7,281	4.6%	$45.83	—	NY REGISTRY SH	03938L203
—	HUNTSMAN CORP	537,000	$5,370	3.4%	$10.00	—	CALL	447011907
AMR	ALPHA METALLURGICAL RESOUR INC	22,000	$4,397	2.8%	$172.83	0.0%	COM	020764106
DKS	DICKS SPORTING GOODS INC	21,300	$4,217	2.7%	$217.13	0.0%	COM	253393102
RIO	RIO TINTO PLC	40,194	$3,217	2.0%	$80.03	—	SPONSORED ADR	767204100
FANG	DIAMONDBACK ENERGY INC	20,000	$3,007	1.9%	$147.05	0.0%	COM	25278X109
VALE	VALE S A	160,000	$2,085	1.3%	$13.03	—	SPONSORED ADS	91912E105
MLI	MUELLER INDS INC	15,000	$1,722	1.1%	$107.37	0.0%	COM	624756102
HY	HYSTER-YALE INC	50,000	$1,486	0.9%	$32.71	0.0%	CL A	449172105
FLNC	FLUENCE ENERGY INC	60,000	$1,187	0.7%	$18.84	0.0%	COM CL A	34379V103
VRA	VERA BRADLEY INC	403,447	$976	0.6%	$2.32	0.0%	COM	92335C106
PGEN	PRECIGEN INC	165,000	$690	0.4%	$3.87	0.0%	COM	74017N105

Increased Positions (6)

CENX CENTURY ALUM CO 21.2%

Value ($000) $33,609 (+66.1%) Shares 857,805 (+24.5%) Est. Cost $17.20 Unrealized +81.6%

BKE BUCKLE INC 13.5%

Value ($000) $21,374 (+53.1%) Shares 400,119 (+68.1%) Est. Cost $40.66 Unrealized +28.6%

— TRONOX HOLDINGS PLC 3.3%

Value ($000) $5,294 (+24.1%) Shares 1,269,500 (+11859.5%) Est. Cost $4.18 Unrealized —

SBLK STAR BULK CARRIERS CORP 2.0%

Value ($000) $3,210 (+43.9%) Shares 167,000 (+39.2%) Est. Cost $18.79 Unrealized -0.7%

ARCB ARCBEST CORP 3.3%

Value ($000) $5,193 (+12.6%) Shares 70,000 (+6.1%) Est. Cost $65.13 Unrealized +9.0%

OLN OLIN CORP 2.2%

Value ($000) $3,479 (+16.0%) Shares 167,000 (+39.2%) Est. Cost $21.76 Unrealized -1.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CENX	CENTURY ALUM CO	857,805 (+24.5%)	$33,609 (+66.1%)	21.2%	$17.20	+81.6%	COM	156431108
BKE	BUCKLE INC	400,119 (+68.1%)	$21,374 (+53.1%)	13.5%	$40.66	+28.6%	COM	118440106
—	TRONOX HOLDINGS PLC	1,269,500 (+11859.5%)	$5,294 (+24.1%)	3.3%	$4.18	—	CALL	G9087Q902
SBLK	STAR BULK CARRIERS CORP	167,000 (+39.2%)	$3,210 (+43.9%)	2.0%	$18.79	-0.7%	SHS PAR	Y8162K204
ARCB	ARCBEST CORP	70,000 (+6.1%)	$5,193 (+12.6%)	3.3%	$65.13	+9.0%	COM	03937C105
OLN	OLIN CORP	167,000 (+39.2%)	$3,479 (+16.0%)	2.2%	$21.76	-1.5%	COM PAR $1	680665205

Exited Positions (10)

ASO ACADEMY SPORTS & OUTDOORS INC 12.5%

Value ($000) $19,864 Shares 397,115 Est. Cost $48.08 Unrealized +2.9%

WLK WESTLAKE CORPORATION 5.6%

Value ($000) $8,862 Shares 115,000 Est. Cost $82.33 Unrealized -14.0%

ANF ABERCROMBIE & FITCH CO CL A 4.4%

Value ($000) $6,972 Shares 81,500 Est. Cost $119.13 Unrealized -26.6%

— IVANHOE MINES LTD COM CL A 3.6%

Value ($000) $5,723 Shares 539,900 Est. Cost $9.74 Unrealized —

— ARCELORMITTAL SA 3.0%

Value ($000) $4,701 Shares 131,000 Est. Cost $31.38 Unrealized —

FLR FLUOR CORP NEW 1.3%

Value ($000) $2,134 Shares 50,718 Est. Cost $46.02 Unrealized -3.9%

HAL HALLIBURTON CO 1.3%

Value ($000) $2,091 Shares 85,000 Est. Cost $21.87 Unrealized +20.2%

FXI ISHARES TR CHINA LG-CAP 1.3%

Value ($000) $2,057 Shares 50,000 Est. Cost $41.14 Unrealized —

NTDOY NINTENDO LTD UNSPON ADS 0.7%

Value ($000) $1,174 Shares 55,000 Est. Cost $24.02 Unrealized —

CE CELANESE CORP DEL 0.4%

Value ($000) $631 Shares 15,000 Est. Cost $49.73 Unrealized -18.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ASO	ACADEMY SPORTS & OUTDOORS INC	397,115	$19,864	12.5%	$48.08	+2.9%	—	00402L107
WLK	WESTLAKE CORPORATION	115,000	$8,862	5.6%	$82.33	-14.0%	—	960413102
ANF	ABERCROMBIE & FITCH CO CL A	81,500	$6,972	4.4%	$119.13	-26.6%	—	002896207
—	IVANHOE MINES LTD COM CL A	539,900	$5,723	3.6%	$9.74	—	—	45679R104
—	ARCELORMITTAL SA	131,000	$4,701	3.0%	$31.38	—	—	03938L023
FLR	FLUOR CORP NEW	50,718	$2,134	1.3%	$46.02	-3.9%	—	343412102
HAL	HALLIBURTON CO	85,000	$2,091	1.3%	$21.87	+20.2%	—	406216101
FXI	ISHARES TR CHINA LG-CAP	50,000	$2,057	1.3%	$41.14	—	—	464287184
NTDOY	NINTENDO LTD UNSPON ADS	55,000	$1,174	0.7%	$24.02	—	—	654445303
CE	CELANESE CORP DEL	15,000	$631	0.4%	$49.73	-18.0%	—	150870103

Decreased Positions (4)

HUN HUNTSMAN CORP 5.5%

Value ($000) $8,670 (-44.2%) Shares 867,000 (-49.9%) Est. Cost $12.52 Unrealized -26.9%

ERO ERO COPPER CORP 17.0%

Value ($000) $26,949 (-14.8%) Shares 950,000 (-44.4%) Est. Cost $17.85 Unrealized +30.4%

NGD NEW GOLD INC CDA 1.6%

Value ($000) $2,613 (-59.6%) Shares 300,000 (-66.7%) Est. Cost $1.91 Unrealized +294.9%

TROX TRONOX HOLDINGS PLC 3.0%

Value ($000) $4,770 (-3.3%) Shares 1,143,851 (-6.8%) Est. Cost $7.74 Unrealized -50.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HUN	HUNTSMAN CORP	867,000 (-49.9%)	$8,670 (-44.2%)	5.5%	$12.52	-26.9%	COM	447011107
ERO	ERO COPPER CORP	950,000 (-44.4%)	$26,949 (-14.8%)	17.0%	$17.85	+30.4%	COM	296006109
NGD	NEW GOLD INC CDA	300,000 (-66.7%)	$2,613 (-59.6%)	1.6%	$1.91	+294.9%	COM	644535106
TROX	TRONOX HOLDINGS PLC	1,143,851 (-6.8%)	$4,770 (-3.3%)	3.0%	$7.74	-50.8%	SHS	G9087Q102