Lodge Hill Capital, LLC

NEW YORK, NY · CIK 1598245 · 13F filing filed 2023-02-14

SEC-registered investment adviser since 2012 · limited liability company

Assets managed$768.3m
Staff4 · 3 in investment roles
Main clients (by assets)Private funds 100%
Private funds1 (1 hedge) · $549.1m gross assets
Form ADV · 2026-03-30SEC adviser record

Kindhedge funds, futures
Others nearbyNew York, NY

As an employer

Offices in1 country
Private fundshedge 1

$269.9m reported value -0.2% vs Q3 2022

25positions

58.0%in top 10

5 new 6 added 14 reduced 7 sold out vs Q3 2022

Options: 0 call positions (— notional), 1 put positions ($114.7m notional) – listed below, not included above.

Holdings, Q4 2022

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	CARLISLE COS INC COM CSL	CSL	112,000	$26.4m9.78%	9.78%	New
2	WESCO INTL INC COM WCC	WCC	165,000	$20.7m7.65%	7.65%	Added +55.0k	+55,000 50.0%
3	BUILDERS FIRSTSOURCE INC COM BLDR	BLDR	300,000	$19.5m7.21%	7.21%	Reduced -35.0k	-35,000 -10.4%
4	OWENS CORNING NEW COM OC	OC	195,000	$16.6m6.16%	6.16%	Added +62.0k	+62,000 46.6%
5	BRUNSWICK CORP COM BC	BC	225,000	$16.2m6.01%	6.01%	Added +30.0k	+30,000 15.4%
6	APOLLO GLOBAL MGMT INC COM APO	APO	217,968	$13.9m5.15%	5.15%	Reduced -75.0k	-75,000 -25.6%
7	VICTORIAS SECRET AND CO COMMON STOCK VSXY	VSXY	340,000	$12.2m4.51%	4.51%	New
8	MR COOPER GROUP INC COM WMIH	WMIH	270,000	$10.8m4.01%	4.01%	Added +95.0k	+95,000 54.3%
9	OLIN CORP COM PAR $1 OLN	OLN	195,000	$10.3m3.82%	3.82%	Reduced -145.0k	-145,000 -42.6%
10	CAESARS ENTERTAINMENT INC NE COM CZR	CZR	240,000	$10.0m3.70%	3.70%	Reduced -75.0k	-75,000 -23.8%
11	SUMMIT MATLS INC CL A SUM	SUM	345,354	$9.8m3.63%	3.63%	Reduced -174.6k	-174,646 -33.6%
12	SIGNET JEWELERS LIMITED SHS SIG	SIG	140,000	$9.5m3.53%	3.53%	Reduced -15.0k	-15,000 -9.7%
13	BLOCK H & R INC COM HRB	HRB	245,000	$8.9m3.31%	3.31%	Added +125.0k	+125,000 104.2%
14	BOOKING HOLDINGS INC COM BKNG	BKNG	4,000	$8.1m2.99%	2.99%	Reduced -3.0k	-3,000 -42.9%
15	THOR INDS INC COM THO	THO	105,000	$7.9m2.94%	2.94%	New
16	UNITED STATES STL CORP NEW COM X	X	315,000	$7.9m2.92%	2.92%	Reduced -120.0k	-120,000 -27.6%
17	RELIANCE INC COM RS	RS	38,473	$7.8m2.89%	2.89%	Reduced -25.0k	-25,000 -39.4%
18	ALLISON TRANSMISSION HLDGS I COM ALSN	ALSN	180,000	$7.5m2.77%	2.77%	Reduced -100.0k	-100,000 -35.7%
19	LYONDELLBASELL INDUSTRIES N SHS - A - LYB	LYB	90,000	$7.5m2.77%	2.77%	Reduced -60.0k	-60,000 -40.0%
20	VONTIER CORPORATION COM VNT	VNT	385,000	$7.4m2.76%	2.76%	New
21	RH COM RH	RH	27,500	$7.3m2.72%	2.72%	Added +10.0k	+10,000 57.1%
22	CALLON PETE CO DEL COM CPE	CPE	180,000	$6.7m2.47%	2.47%	New
23	MONARCH CASINO & RESORT INC COM MCRI	MCRI	85,380	$6.6m2.43%	2.43%	Reduced -65.0k	-64,978 -43.2%
24	SHELL PLC SPON ADS SHEL	SHEL	105,000	$6.0m2.22%	2.22%	Reduced -80.0k	-80,000 -43.2%
25	BORGWARNER INC COM BWA	BWA	110,000	$4.4m1.64%	1.64%	Reduced -135.0k	-135,000 -55.1%

Sold out since Q3 2022

Security	Ticker	Shares held before	Value then
SEALED AIR CORP NEW		500,000	$22.3m500.0k shares
EASTMAN CHEM CO EMN	EMN	205,000	$14.6m205.0k shares
SCHLUMBERGER LTD SLB	SLB	210,000	$7.5m210.0k shares
FORD MTR CO F	F	505,000	$5.7m505.0k shares
DELTA AIR LINES INC DEL DAL	DAL	180,000	$5.1m180.0k shares
EXPEDIA GROUP INC EXPE	EXPE	50,000	$4.7m50.0k shares
CURO GROUP HOLDINGS CORP CURO	CURO	484,426	$1.9m484.4k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	300,000	$114.7m300.0k shares	New