13F Insight
DOSSIER · 13F-HR · Q1 2026

Impala Asset Management LLC

$215M in tracked AUM across 26 positions as of Q1 2026.

IA
CIK 0001317679 · last filed Mar 31, 2026
Total AUM
$215M
as of Q1 2026
Holdings
26
—
positions
Whale Score
64
64
tracked
Activity
—
no data
changes this Q
AI Analysis · Q1 2026

Portfolio Overview

Impala Asset Management LLC’s 13F filing for the period ending September 30, 2025, reveals a dramatic transformation in the firm's portfolio structure. The total portfolio value plummeted by 76.2%, decreasing from $146.38 million to $34.90 million. This reduction was driven primarily by a massive divestment strategy rather than broad market depreciation, as the firm liquidated the vast majority of its assets.

The portfolio has shifted from a diversified colle...

Key Holdings

The portfolio is currently dominated by Academy Sports & Outdoors Inc (ASO), which comprises 56.92% of the total value at $19.86 million. This overwhelming allocation suggests a strong fundamental conviction in the consumer cyclical sector, specifically regarding the valuation or operational turnaround potential of the sporting goods retailer. Despite being the largest holding, it was not immune to the quarter's de-risking, with the firm reducing the stake by 17.6% (selling $1.75 million worth of shares).

Quarter at a glance — Q1 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q1 2026.

#HoldingValueSharesWeight
01
CENX
CENTURY ALUM CO
$57M975K26.7%02
ERO
ERO COPPER CORP
$27M1.0M12.8%03
BKE
BUCKLE INC
$21M420K9.8%04
G9087Q902
TRONOX HOLDINGS PLC
$11M1.2M5.3%05
EMN
EASTMAN CHEM CO
$9M115K4.1%06
PPG
PPG INDS INC
$9M82K4.1%07
AA
ALCOA CORP
$9M130K4.0%08
SLB
SLB LIMITED COM STK
$8M157K3.8%09
CE
CELANESE CORP DEL
$7M110K3.4%10
HUN
HUNTSMAN CORP
$7M540K3.3%

Filing history

2026Q1Mar 31
$215M▲ 35.2%
26 positionsView →2025Q4Dec 31
$159M▲ 228.0%
23 positionsView →2025Q3Sep 30
$48M▼ 69.4%
9 positionsView →2025Q2Jun 30
$158M▲ 435.0%
27 positionsLocked2025Q1Mar 31
$30M▼ 76.1%
9 positionsLocked2024Q4Dec 31
$124M▼ 24.8%
14 positionsLocked2024Q3Sep 30
$165M▲ 48.7%
16 positionsLocked2024Q2Jun 30
$111M▼ 0.3%
15 positionsLocked2024Q1Mar 31
$111M▲ 20.0%
18 positionsLocked2023Q4Dec 31
$92M▼ 19.2%
15 positionsLocked2023Q3Sep 30
$114M▲ 3.1%
18 positionsLocked2023Q2Jun 30
$111M▼ 5.2%
15 positionsLocked
Showing 12 of 85