ValueWorks affiliates and Charles Lemonides report ownership stakes in Mammoth Energy Services, Inc. (TUSK). ValueWorks Limited Partners, LP and ValueWorks Capital, LLC each report shared voting and dispositive power over 1,891,521 shares, representing 3.93% of the class. ValueWorks LLC and Charles Lemonides each report shared voting and dispositive power over 2,389,031 shares, representing 4.96% of the class.
The filing states these securities are directly owned by advisory clients of ValueWorks LLC and that no advisory client beneficially owns more than 5% of the common stock. All reporting persons disclaim beneficial ownership except for pecuniary interest.
Positive
Transparent disclosure of share counts and percentage ownership for multiple related reporting persons
All holdings reported under 5%, indicating no controlling stake per the filing
Filers state shares are held by advisory clients, clarifying the nature of beneficial ownership
Negative
None.
Insights
TL;DR: Report discloses sub-5% shared holdings by ValueWorks entities and Charles Lemonides, indicating no controlling position.
The Schedule 13G/A shows shared voting and dispositive power only, with the largest reported stake at 4.96% (2,389,031 shares). The filing explicitly notes the shares are owned by advisory clients and that none of those clients exceed a 5% beneficial-ownership threshold. From an investor-disclosure perspective, this is a routine passive reporting of holdings under the 13G regime and does not indicate an activist or control intent.
TL;DR: Filers disclaim beneficial ownership and report passive, shared authority—typical governance disclosure without control implications.
The signatures from ValueWorks entities and Charles Lemonides certify the accuracy and include exhibits for joint filing and control-person identification. The explicit disclaimer and the advisory-client ownership statement limit governance implications; shared voting power is reported, but no sole voting or dispositive powers are asserted. This suggests no change to board-control dynamics as disclosed.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 3)
Mammoth Energy Services, Inc.
(Name of Issuer)
Common Stock, $0.01 par value
(Title of Class of Securities)
56155L108
(CUSIP Number)
06/30/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
56155L108
1
Names of Reporting Persons
VALUEWORKS LIMITED PARTNERS, LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,891,521.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,891,521.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,891,521.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.93 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
56155L108
1
Names of Reporting Persons
VALUEWORKS CAPITAL, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,891,521.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,891,521.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,891,521.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.93 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
56155L108
1
Names of Reporting Persons
VALUEWORKS LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
2,389,031.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,389,031.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,389,031.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.96 %
12
Type of Reporting Person (See Instructions)
IA, OO
SCHEDULE 13G
CUSIP No.
56155L108
1
Names of Reporting Persons
CHARLES LEMONIDES
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
2,389,031.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,389,031.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,389,031.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.96 %
12
Type of Reporting Person (See Instructions)
HC, IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Mammoth Energy Services, Inc.
(b)
Address of issuer's principal executive offices:
14201 Caliber Drive, Suite 300, Oklahoma City, Oklahoma 73134
Address or principal business office or, if none, residence:
ValueWorks Limited Partners, LP
One World Trade Center, Suite 84-G
New York, New York 10007
ValueWorks Capital, LLC
One World Trade Center, Suite 84-G
New York, New York 10007
ValueWorks LLC
One World Trade Center, Suite 84-G
New York, New York 10007
Charles Lemonides
c/o ValueWorks LLC
One World Trade Center, Suite 84-G
New York, New York 10007
(c)
Citizenship:
ValueWorks Limited Partners, LP - Delaware
ValueWorks Capital, LLC - Delaware
ValueWorks LLC - Delaware
Charles Lemonides - United States
(d)
Title of class of securities:
Common Stock, $0.01 par value
(e)
CUSIP No.:
56155L108
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
All of the securities reported in this Schedule 13G Amendment No. 3 are directly owned by advisory clients of ValueWorks LLC. None of those advisory clients may be deemed to beneficially own more than 5% of the Common Stock, $0.01 par value
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
Please see Exhibit B attached hereto
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
VALUEWORKS LIMITED PARTNERS, LP
Signature:
By: ValueWorks Capital, LLC, its general partner, By: /s/ Charles Lemonides
Name/Title:
Charles Lemonides, Managing Member
Date:
08/14/2025
VALUEWORKS CAPITAL, LLC
Signature:
By: /s/ Charles Lemonides
Name/Title:
Charles Lemonides, Managing Member
Date:
08/14/2025
VALUEWORKS LLC
Signature:
By: /s/ Charles Lemonides
Name/Title:
Charles Lemonides, Managing Member
Date:
08/14/2025
CHARLES LEMONIDES
Signature:
By: /s/ Charles Lemonides
Name/Title:
Charles Lemonides
Date:
08/14/2025
Comments accompanying signature: * Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Exhibit Information
[Exhibit A - Joint Filing Agreement]
[Exhibit B - Control Person Identification]
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