LUMINUS MANAGEMENT LLC

Hedge Fund • Sector

LUMINUS MANAGEMENT LLC is a Sector-focused Hedge Fund based in Houston, TX led by Jonathan Dan Barrett, reporting $595.5M in AUM as of Q3 2025 with 40% Consumer Cyclical concentration, 95% concentrated in top 10 holdings, and 25% allocation to CC.

CEOJonathan Dan Barrett

Portfolio Value: $110.9M
Positions: 18
Top Holding: CC at 25.21%
Last Reported: Q3 2025

Address1811 Bering Drive, Suite 400, Houston, TX, 77057, United States

Top Holdings

Largest long holdings in LUMINUS MANAGEMENT LLC's portfolio (95.4% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Chemours CC	Chemicals - Specialty Basic Materials	$28.0M	25.21%	-$4.7M Sold	1.18% 1.8M shares	Q1 2020 Held for 5y 8m
2 O-I Glass OI	Packaging & Containers Consumer Cyclical	$26.5M	23.92%	+$3.5M Bought	1.33% 2.0M shares	Q4 2022 Held for 2y 11m
3 Sealed Air SEE	Packaging & Containers Consumer Cyclical	$17.6M	15.91%	+$2.3M Bought	0.34% 499.2K shares	Q3 2023 Held for 2y 2m
4 Kirby Corporation KEX	Marine Shipping Industrials	$9.8M	8.80%	+$7.3M Bought	0.21% 117.0K shares	Q1 2025 Held for 8 months
5 Quaker Houghton KWR	Chemicals - Specialty Basic Materials	$8.0M	7.18%	-$5.6M Sold	0.35% 60.5K shares	Q1 2025 Held for 8 months
6 Battalion Oil BATL	Oil & Gas Exploration & Production Energy	$7.4M	6.71%	—	37.38% 6.2M shares	Q1 2020 Held for 5y 8m
7 GXO Logistics GXO	Integrated Freight & Logistics Industrials	$3.1M	2.75%	-$2.6M Sold	0.05% 57.8K shares	Q2 2025 Held for 5 months
8 H.B. Fuller FUL	Chemicals - Specialty Basic Materials	$2.2M	1.96%	+$2.2M Bought	0.07% 36.6K shares	Q3 2025 Held for 2 months
9 Sable Offshore Corp. SOC	Oil & Gas Drilling Energy	$1.7M	1.57%	+$52.4K Bought	0.10% 100.0K shares	Q2 2025 Held for 5 months
10 Avient AVNT	Chemicals - Specialty Basic Materials	$1.5M	1.38%	+$1.5M Bought	0.05% 46.4K shares	Q3 2025 Held for 2 months

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in LUMINUS MANAGEMENT LLC's latest filing

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Market Value

$110.9M

Prior: $384.2M

Q/Q Change

-71.13%

-$273.3M

Net Flows % of MV

-258.24%

Turnover Ratio

144.3%

New Purchases

2 stocks

$523.9K

Added To

7 stocks

+$13.9M

Sold Out Of

6 stocks

$287.5M

Reduced Holdings

5 stocks

-$13.3M

Increased Positions

Position	Shares Δ	Change
1 MaxCyte MXCT	New	0 → 225.0K +$355.5K
2 Sangamo Therapeutics, Inc. SGMO	New	0 → 250.0K +$168.4K
3 Kirby Corporation KEX	+292.0%	29.8K → 117.0K +$7.3M
4 iPath Series B S&P 500 VIX Short-Term Futures VXX	+76.84%	23.8K → 42.0K +$605.2K
5 Mersana Therapeutics, Inc. MRSN	+20.27%	41.6K → 50.0K +$65.4K

Decreased Positions

Position	Shares Δ	Change
1 Vonage Holdings Corp. VG	Sold	18.0M → 0 −$280.9M
2 Kronos Worldwide KRO	Sold	435.5K → 0 −$2.7M
3 Crown Holdings CCK	Sold	24.5K → 0 −$2.5M
4 Fluor FLR	Sold	20.0K → 0 −$1.0M
5 Context Therapeutics Inc. CNTX	Sold	328.2K → 0 −$215.1K