# EDGAR Filing Document

**Accession Number:** 0001597857
**File Stem:** 0001597857-25-000009
**Filing Date:** 2025-11
**Character Count:** 11789
**Document Hash:** 72d67306339ea087cdc8232fd9e79cf3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001597857-25-000009.hdr.sgml**: 20251113

**ACCESSION NUMBER**: 0001597857-25-000009

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251113

**DATE AS OF CHANGE**: 20251113

**EFFECTIVENESS DATE**: 20251113

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Hartree Partners, LP
- **CENTRAL INDEX KEY:** 0001597857

**ORGANIZATION NAME:**
- **EIN:** 133937429
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17875
- **FILM NUMBER:** 251477174

**BUSINESS ADDRESS:**
- **STREET 1:** 1185 AVE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 2125368000

**MAIL ADDRESS:**
- **STREET 1:** 1185 AVE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Hess Energy Trading Comany, LLC
- **DATE OF NAME CHANGE:** 20140122

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Hartree Partners LP<br>**Address:** 1185 AVE OF THE AMERICAS<br>NEW YORK, NY 10036

**Form 13F File Number:** 028-17875

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Hartree Partners LP by Hartree Partners GP LLC its general partner by Stephen M Semlitz<br>**Title:** Managing Director<br>**Phone:** 212-536-8610

**Signature, Place, and Date of Signing:**

Piezzo Nick  New York, NY  11-13-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 1

**Form 13F Information Table Entry Total:** 79

**Form 13F Information Table Value Total:** $290803437

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

| No.   | Name                          | Form 13F File Number   |
|:---|:---|:---|
|  | OAKTREE CAPITAL MANAGEMENT LP | 028-05050              |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ALCOA CORP | COM | 013872106 |  | 822250 | 25000 | SH |  | SOLE | 0 | 25000 | 0 | 0 |
| ALLIANT ENERGY CORP | COM | 018802108 |  | 539280 | 8000 | SH |  | DFND | 1 | 0 | 8000 | 0 |
| AMERICAN AXLE  MFG HLDGS IN | COM | 024061103 |  | 610748 | 101622 | SH |  | SOLE | 0 | 101622 | 0 | 0 |
| BARRICK MNG CORP | COM SHS | 06849F108 |  | 2457750 | 75000 | SH |  | SOLE | 0 | 75000 | 0 | 0 |
| BKV CORP | COM | 05603J108 |  | 254430 | 11000 | SH |  | SOLE | 0 | 11000 | 0 | 0 |
| BOREALIS FOODS INC | *W EXP 02/07/202 | 09973D113 |  | 115200 | 1152000 | SH | Call | SOLE | 0 | 1152000 | 0 | 0 |
| BUNGE GLOBAL SA | COM SHS | H11356104 |  | 3656250 | 45000 | SH |  | SOLE | 0 | 45000 | 0 | 0 |
| BWX TECHNOLOGIES INC | COM | 05605H100 |  | 1106220 | 6000 | SH |  | DFND | 1 | 0 | 6000 | 0 |
| CADIZ INC | COM NEW | 127537207 |  | 944000 | 200000 | SH |  | SOLE | 0 | 200000 | 0 | 0 |
| CENOVUS ENERGY INC | COM | 15135U109 |  | 1910247 | 112500 | SH |  | SOLE | 0 | 112500 | 0 | 0 |
| CENTERRA GOLD INC | COM | 152006102 |  | 749757 | 70000 | SH |  | SOLE | 0 | 70000 | 0 | 0 |
| CENTURY ALUM CO | CALL | 156431908 |  | 1305000 | 3000 | SH | Call | SOLE | 0 | 3000 | 0 | 0 |
| CENTURY ALUM CO | COM | 156431108 |  | 6393580 | 217765 | SH |  | SOLE | 0 | 217765 | 0 | 0 |
| CHORD ENERGY CORPORATION | COM NEW | 674215207 |  | 347795 | 3500 | SH |  | SOLE | 0 | 3500 | 0 | 0 |
| DAKOTA GOLD CORP | COM | 46655E100 |  | 923659 | 203002 | SH |  | SOLE | 0 | 203002 | 0 | 0 |
| DANAOS CORPORATION | SHS | Y1968P121 |  | 4054921 | 45150 | SH |  | SOLE | 0 | 45150 | 0 | 0 |
| DARLING INGREDIENTS INC | COM | 237266101 |  | 6156959 | 199448 | SH |  | SOLE | 0 | 199448 | 0 | 0 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 1507580 | 43000 | SH |  | SOLE | 0 | 43000 | 0 | 0 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 |  | 257580 | 1800 | SH |  | SOLE | 0 | 1800 | 0 | 0 |
| DIGITALBRIDGE GROUP INC | CL A NEW | 25401T603 |  | 5764601 | 492701 | SH |  | DFND | 1 | 192701 | 300000 | 0 |
| DT MIDSTREAM INC | COMMON STOCK | 23345M107 |  | 565300 | 5000 | SH |  | DFND | 1 | 0 | 5000 | 0 |
| ENDEAVOUR SILVER CORP | COM | 29258Y103 |  | 2155632 | 275298 | SH |  | SOLE | 0 | 275298 | 0 | 0 |
| EQUINOX GOLD CORP | COM | 29446Y502 |  | 1122000 | 100000 | SH |  | SOLE | 0 | 100000 | 0 | 0 |
| EVERGY INC | COM | 30034W106 |  | 1672440 | 22000 | SH |  | SOLE | 0 | 22000 | 0 | 0 |
| EXCELERATE ENERGY INC | CL A COM | 30069T101 |  | 3478512 | 138091 | SH |  | SOLE | 0 | 138091 | 0 | 0 |
| EXPAND ENERGY CORPORATION | COM | 165167735 |  | 11470095 | 107964 | SH |  | SOLE | 0 | 107964 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 1098160 | 28000 | SH |  | SOLE | 0 | 28000 | 0 | 0 |
| FUTUREFUEL CORP | COM | 36116M106 |  | 1008800 | 260000 | SH |  | SOLE | 0 | 260000 | 0 | 0 |
| GCL GLOBAL HLDGS LTD | *W EXP 02/13/203 | G3777K111 |  | 22789 | 325564 | SH | Call | SOLE | 0 | 325564 | 0 | 0 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 226250 | 2500 | SH | Put | SOLE | 0 | 2500 | 0 | 0 |
| GENERAC HLDGS INC | COM | 368736104 |  | 3013200 | 18000 | SH |  | SOLE | 0 | 18000 | 0 | 0 |
| GERDAU SA | CALL | 373737905 |  | 103510 | 11000 | SH | Call | SOLE | 0 | 11000 | 0 | 0 |
| GERDAU SA | SPON ADR REP PFD | 373737105 |  | 555179 | 179090 | SH |  | SOLE | 0 | 179090 | 0 | 0 |
| GLOBAL PARTNERS LP | COM UNITS | 37946R109 |  | 24387840 | 508080 | SH |  | SOLE | 0 | 508080 | 0 | 0 |
| GRAFTECH INTL LTD | COM NEW | 384313607 |  | 128200 | 10000 | SH |  | SOLE | 0 | 10000 | 0 | 0 |
| GREEN PLAINS INC | COM | 393222104 |  | 439500 | 50000 | SH |  | SOLE | 0 | 50000 | 0 | 0 |
| GULFPORT ENERGY CORP | COMMON SHARES | 402635502 |  | 361960 | 2000 | SH |  | SOLE | 0 | 2000 | 0 | 0 |
| HAFNIA LTD | SHS | Y2990R101 |  | 2644908 | 441100 | SH |  | SOLE | 0 | 441100 | 0 | 0 |
| HALLIBURTON CO | COM | 406216101 |  | 11611200 | 472000 | SH |  | DFND | 1 | 41000 | 431000 | 0 |
| HUDBAY MINERALS INC | COM | 443628102 |  | 1060019 | 70000 | SH |  | SOLE | 0 | 70000 | 0 | 0 |
| HUDSON TECHNOLOGIES INC | COM | 444144109 |  | 37734000 | 3800000 | SH |  | SOLE | 0 | 3800000 | 0 | 0 |
| IAMGOLD CORP | COM | 450913108 |  | 8574128 | 663119 | SH |  | SOLE | 0 | 663119 | 0 | 0 |
| JBS N.V. | CL A SHS | N4732M103 |  | 10995064 | 736441 | SH |  | SOLE | 0 | 736441 | 0 | 0 |
| KIRBY CORP | COM | 497266106 |  | 208625 | 2500 | SH |  | SOLE | 0 | 2500 | 0 | 0 |
| LOEWS CORP | COM | 540424108 |  | 5597746 | 55760 | SH |  | DFND | 1 | 54160 | 1600 | 0 |
| MATADOR RES CO | COM | 576485205 |  | 2020502 | 44970 | SH |  | SOLE | 0 | 44970 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 807818 | 1100 | SH |  | DFND | 1 | 0 | 1100 | 0 |
| METHANEX CORP | COM | 59151K108 |  | 5346527 | 134470 | SH |  | SOLE | 0 | 134470 | 0 | 0 |
| MOOLEC SCIENCE SA | *W EXP 12/30/202 | L64875112 |  | 4124 | 412400 | SH | Call | SOLE | 0 | 412400 | 0 | 0 |
| NEW GOLD INC CDA | COM | 644535106 |  | 2929518 | 408532 | SH |  | SOLE | 0 | 408532 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 2449289 | 29051 | SH |  | SOLE | 0 | 29051 | 0 | 0 |
| NRG ENERGY INC | COM | 629377508 |  | 566825 | 3500 | SH |  | SOLE | 0 | 3500 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 4757790 | 25500 | SH |  | DFND | 1 | 0 | 25500 | 0 |
| OGE ENERGY CORP | COM | 670837103 |  | 462700 | 10000 | SH |  | DFND | 1 | 0 | 10000 | 0 |
| O-I GLASS INC | COM | 67098H104 |  | 5244367 | 404346 | SH |  | SOLE | 0 | 404346 | 0 | 0 |
| OUSTER INC | *W EXP 03/11/202 | 68989M111 |  | 5088 | 98616 | SH | Call | DFND | 1 | 0 | 98616 | 0 |
| PRECISION DRILLING CORP | COM NEW | 74022D407 |  | 5630544 | 100000 | SH |  | SOLE | 0 | 100000 | 0 | 0 |
| SCAGE FUTURE | *W EXP 05/15/203 | G7840J118 |  | 53374 | 1067486 | SH | Call | SOLE | 0 | 1067486 | 0 | 0 |
| SCHMID GROUP N.V. | EURO SHS CL A | N68722102 |  | 1808920 | 904460 | SH |  | SOLE | 0 | 904460 | 0 | 0 |
| SCHMID GROUP N.V. | *W EXP 04/30/202 | N68722110 |  | 453874 | 2269373 | SH | Call | SOLE | 0 | 2269373 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 |  | 1072950 | 15000 | SH |  | SOLE | 0 | 15000 | 0 | 0 |
| SHOALS TECHNOLOGIES GROUP IN | CL A | 82489W107 |  | 222300 | 30000 | SH |  | DFND | 1 | 0 | 30000 | 0 |
| SIBANYE STILLWATER LTD | CALL | 82575P907 |  | 490625 | 5000 | SH | Call | SOLE | 0 | 5000 | 0 | 0 |
| SIBANYE STILLWATER LTD | SPONSORED ADR | 82575P107 |  | 2683550 | 238750 | SH |  | SOLE | 0 | 238750 | 0 | 0 |
| SILEXION THERAPEUTICS CORP | *W EXP 08/15/202 | G1281K114 |  | 7294 | 182355 | SH | Call | SOLE | 0 | 182355 | 0 | 0 |
| SOLARIS RES INC | COM NEW | 83419D201 |  | 63790 | 10000 | SH |  | SOLE | 0 | 10000 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 566253 | 850 | SH |  | SOLE | 0 | 850 | 0 | 0 |
| SPDR SERIES TRUST | S OILGAS EXP | 78468R556 |  | 396600 | 3000 | SH |  | SOLE | 0 | 3000 | 0 | 0 |
| STANDARD LITHIUM LTD | COM | 853606101 |  | 168500 | 50000 | SH |  | SOLE | 0 | 50000 | 0 | 0 |
| STAR GROUP L P | UNIT LTD PARTNR | 85512C105 |  | 40232729 | 3400907 | SH |  | SOLE | 0 | 3400907 | 0 | 0 |
| TALEN ENERGY CORP | COM | 87422Q109 |  | 4679180 | 11000 | SH |  | SOLE | 0 | 11000 | 0 | 0 |
| TARGA RES CORP | COM | 87612G101 |  | 996863 | 5950 | SH |  | SOLE | 0 | 5950 | 0 | 0 |
| TASEKO MINES LTD | COM | 876511106 |  | 84600 | 20000 | SH |  | SOLE | 0 | 20000 | 0 | 0 |
| TEEKAY TANKERS LTD | CL A | G8726X106 |  | 20344403 | 402461 | SH |  | SOLE | 0 | 402461 | 0 | 0 |
| TRANSALTA CORP | COM | 89346D107 |  | 546244 | 40000 | SH |  | SOLE | 0 | 40000 | 0 | 0 |
| UGI CORP NEW | COM | 902681105 |  | 931280 | 28000 | SH |  | SOLE | 0 | 28000 | 0 | 0 |
| UNITED STS OIL FD LP | UNITS | 91232N207 |  | 9218750 | 125000 | SH |  | SOLE | 0 | 125000 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 362452 | 1850 | SH |  | DFND | 1 | 1850 | 1850 | 0 |
| XCEL ENERGY INC | COM | 98389B100 |  | 5080950 | 63000 | SH |  | SOLE | 0 | 63000 | 0 | 0 |

---