Impala Asset Management LLC
Impala Asset Management LLC reported 20 US-listed holdings worth $176.4 million in its 13F for the quarter ended 30 June 2026, filed 17 August 2026. Its largest: Century Aluminum Co. (27.0%), Ero Copper Corp. (17.7%) and Buckle Inc. (9.9%). Against the quarter before, it opened 7 positions, added to 8, trimmed 5 and sold out of 13.
The 14 largest of its 20 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned +17.1% over the 7 quarters to 30 June 2026, against +30.2% for the S&P 500.
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held
Opened 7
- Dow Inc. DOW$14.7 million
- Century Alum Co.$6.9 million
- Devon Energy Corp. DVN$3.7 million
- Dow Inc.$2.7 million
- Ivanhoe Electric Inc. IE$1.3 million
- Vista Gold Corp. VGZ$525,250
- Vera Bradley Inc. VRA$486,250
Added to 8
- Tronox Holdings PLC TROX+1.4 million shares · +262%
- Ero Copper Corp. ERO+141,044 shares · +14%
- Abercrombie & Fitch Co. ANF+41,658 shares · +62%
- Century Aluminum Co. CENX+60,000 shares · +6%
- Diamondback Energy, Inc. FANG+9,000 shares · +90%
- SLB Limited SLB+27,716 shares · +18%
- DHT Holdings Inc. DHT+35,050 shares · +70%
- Alcoa Corp. AA+5,000 shares · +4%
Trimmed 5
- Huntsman Corp.-400,900 shares · -89%
- Tronox Holdings PLC-478,200 shares · -41%
- Mueller Industries Inc. MLI-10,000 shares · -67%
- Star Bulk Carriers Corp. SBLK-39,521 shares · -33%
- Buckle Inc. BKE-7,578 shares · -2%
Sold out of 13
- Eastman Chemical Co. EMN$8.8 million last quarter
- PPG Industries Inc. PPG$8.8 million last quarter
- Celanese Corp. CE$7.2 million last quarter
- Huntsman Corp. HUN$7.2 million last quarter
- Arcelormittal SA Luxembourg MT$5.7 million last quarter
- Dick's Sporting Goods, Inc. DKS$4.5 million last quarter
- West Fraser Timber Co. Ltd WFG$2.9 million last quarter
- American Eagle Outfitters Inc. AEO$2.4 million last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Century Aluminum Co. CENX | 1.0M | $47.6 million | 27.00% | +60.0K |
| Ero Copper Corp. ERO | 1.2M | $31.2 million | 17.69% | +141.0K |
| Buckle Inc. BKE | 412.0K | $17.4 million | 9.86% | -7.6K |
| Dow Inc. DOW | 537.0K | $14.7 million | 8.33% | new |
| Tronox Holdings PLC TROX | 1.9M | $12.1 million | 6.86% | +1.4M |
| Abercrombie & Fitch Co. ANF | 108.7K | $9.8 million | 5.55% | +41.7K |
| SLB Limited SLB | 185.0K | $8.6 million | 4.88% | +27.7K |
| Alcoa Corp. AA | 135.0K | $7.0 million | 3.99% | +5.0K |
| Century Alum Co. | 150.0K | $6.9 million | 3.91% | new |
| Tronox Holdings PLC | 690.0K | $4.3 million | 2.46% | -478.2K |
| Devon Energy Corp. DVN | 90.0K | $3.7 million | 2.11% | new |
| Diamondback Energy, Inc. FANG | 19.0K | $3.3 million | 1.89% | +9.0K |
| Dow Inc. | 100.0K | $2.7 million | 1.55% | new |
| Star Bulk Carriers Corp. SBLK | 80.5K | $2.0 million | 1.14% | -39.5K |
| DHT Holdings Inc. DHT | 85.0K | $1.4 million | 0.80% | +35.0K |
| Ivanhoe Electric Inc. IE | 140.0K | $1.3 million | 0.76% | new |
| Mueller Industries Inc. MLI | 5.0K | $614,650 | 0.35% | -10.0K |
| Huntsman Corp. | 50.1K | $532,062 | 0.30% | -400.9K |
| Vista Gold Corp. VGZ | 275.0K | $525,250 | 0.30% | new |
| Vera Bradley Inc. VRA | 125.0K | $486,250 | 0.28% | new |