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Encompass Capital Advisors LLC — 13F Holdings & Portfolio

CIK 1541901 · latest 13F-HR filed 2026-08-14

Backtest portfolio

Encompass Capital Advisors LLC manages $2.81B in 13F-reported U.S. long-equity assets across 54 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are MTUM (17.53%), TE (11.79%), SEI (7.21%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 21 new positions and exited 24; 10 existing positions rose in reported value and 19 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Loading holdings…
AUM
$2.81B

Long-equity book

Holdings
54

Distinct positions

Period
2026-06-30

Filed 2026-08-14

Q/Q Activity
+21 / −24 / ↑10 / ↓19

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
TE14.3% · +1%SEI8.7% · +44%AESI4.7% · -28%NESR4.0% · -27%CSTM3.3% · -2%MUR3.2% · newPUMP2.8% · newBKR2.8% · newOXY2.4% · +152%PTEN2.3% · newVG2.2% · newFCEL2.1% · newCLF2.1% · newCNR2.0% · +18%NSC2.0% · newPOWL2.0% · +297%VIST1.9% · +30%SOC1.9% · +7%ODFL1.9% · -36%CENX1.8% · -42%ASPI1.8% · -5%EROK1.7% · newCNI1.7% · newSM1.6% · +108%WHD1.6% · -5%MEOH1.6% · newKEX1.6% · -43%NXT1.4% · -42%MATX1.4% · -15%EROC1.2% · newNBR1.1% · newPDS1.1% · -5%SBLK1.0% · newFPS1.0% · -78%NOG1.0% · newTALO1.0% · newFLOC0.9% · -20%TTI0.9% · -41%PSX0.9% · -59%LSTR0.9% · newWAB0.9% · newRNGR0.8% · -18%FRVO0.8% · newINIO0.8% · newRXO0.7% · newPWR0.6% · -67%ECO0.5% · -41%DVN0.5% · -49%CMBT0.2% · -90%NVGS0.2% · -81%BESS0.1% · 0%BESS.WS0.1% · 0%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 48.5%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Apr 3, 2026.

Assets Under Management
$4.84B
Discretionary
$4.84B
Employees
19
Accounts
10
Address
200 PARK AVENUE
NEW YORK, NY 10166
Phone
(646) 351-8450
Website
Name Title / Status Ownership Type
CUCCIA, MICHELINA, (NMN) ControlCHIEF COMPLIANCE OFFICER
since Oct 2023
Less than 5%Individual
KANTOR, TODD, JASON ControlMANAGING MEMBER
since Mar 2011
75% or moreIndividual
Kazmi, Syed ControlCHIEF OPERATING OFFICER/ CHIEF FINANCIAL OFFICER
since Jan 2024
Less than 5%Individual
Ownership & leadership changes · 5 filings with changes since Feb 14, 2012

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Mar 28, 2024 filing
  • No longer listedKASSMAN, LARRY, JON · CHIEF FINANCIAL OFFICER AND CHIEF OPERATING OFFICER · Less than 5% · control person · listed since May 2011
  • AddedKazmi, Syed · CHIEF OPERATING OFFICER/ CHIEF FINANCIAL OFFICER · Less than 5% · control person
Oct 25, 2023 filing
  • AddedCUCCIA, MICHELINA, (NMN) · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ChangedKASSMAN, LARRY, JON · title CHIEF COMPLIANCE OFFICER → CHIEF FINANCIAL OFFICER AND CHIEF OPERATING OFFICER
Mar 29, 2019 filing
  • No longer listedCALHOON, HOLT, EDWARD · MEMBER · 5–10% · listed since Apr 2015
  • No longer listedMCSHANE, BRIAN, AUSTIN MICHAEL · MEMBER · 5–10% · listed since Jan 2017
Mar 29, 2018 filing
  • AddedMCSHANE, BRIAN, AUSTIN MICHAEL · MEMBER · 5–10%
Mar 30, 2016 filing
  • AddedCALHOON, HOLT, EDWARD · MEMBER · 5–10%
Feb 14, 2012 filing (earliest on record)
  • ListedKANTOR, TODD, JASON · MANAGING MEMBER · 75% or more · control person
  • ListedKASSMAN, LARRY, JON · CHIEF COMPLIANCE OFFICER · Less than 5% · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Encompass Capital Advisors LLC Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 ISHARES TR Put MTUM 46432F396 $492.8M 17.53% 1,437,500 SH
2 T1 ENERGY INC TE 35834F104 $331.5M 11.79% 34,968,169 SH
3 SOLARIS ENERGY INFRAS INC SEI 83418M103 $202.7M 7.21% 2,519,604 SH
4 ATLAS ENERGY SOLUTIONS INC AESI 642045108 $108.6M 3.86% 6,540,322 SH
5 NATIONAL ENERGY SERVICES REU NESR G6375R107 $92.9M 3.30% 3,102,538 SH
6 CONSTELLIUM SE CSTM F21107101 $77.2M 2.75% 2,421,349 SH
7 MURPHY OIL CORP MUR 626717102 $73.3M 2.61% 2,250,000 SH
8 PROPETRO HLDG CORP PUMP 74347M108 $65.6M 2.33% 4,574,591 SH
9 BAKER HUGHES COMPANY BKR 05722G100 $63.8M 2.27% 1,149,014 SH
10 OCCIDENTAL PETE CORP OXY 674599105 $55.3M 1.97% 1,138,000 SH
11 PATTERSON-UTI ENERGY INC PTEN 703481101 $54.4M 1.93% 5,921,072 SH
12 VENTURE GLOBAL INC VG 92333F101 $50.1M 1.78% 4,500,000 SH
13 FUELCELL ENERGY INC FCEL 35952H700 $49.2M 1.75% 1,365,900 SH
14 CLEVELAND-CLIFFS INC NEW CLF 185899101 $48.0M 1.71% 5,113,625 SH
15 CORE NATURAL RESOURCES INC CNR 218937100 $47.2M 1.68% 589,633 SH
16 NORFOLK SOUTHN CORP NSC 655844108 $45.6M 1.62% 145,000 SH
17 POWELL INDS INC POWL 739128106 $45.5M 1.62% 158,899 SH
18 VISTA ENERGY S.A.B. DE C.V. VIST 92837L109 $45.0M 1.60% 705,720 SH
19 SABLE OFFSHORE CORP SOC 78574H104 $44.5M 1.58% 14,448,741 SH
20 OLD DOMINION FREIGHT LINE IN ODFL 679580100 $43.3M 1.54% 200,000 SH
21 CENTURY ALUM CO CENX 156431108 $41.4M 1.47% 900,000 SH
22 ASP ISOTOPES INC ASPI 00218A105 $40.8M 1.45% 6,561,754 SH
23 EAGLEROCK LD LLC EROK 27005A105 $39.5M 1.40% 1,858,313 SH
24 CANADIAN NATL RY CO CNI 136375102 $38.7M 1.38% 325,000 SH
25 SM ENERGY COMPANY SM 78454L100 $37.8M 1.34% 1,448,061 SH
26 CACTUS INC WHD 127203107 $37.2M 1.32% 726,675 SH
27 METHANEX CORP MEOH 59151K108 $36.5M 1.30% 791,123 SH
28 KIRBY CORP KEX 497266106 $36.1M 1.28% 265,609 SH
29 NEXTPOWER INC NXT 65290E101 $33.4M 1.19% 280,000 SH
30 MATSON INC MATX 57686G105 $32.8M 1.17% 170,724 SH
31 EROCK INC EROC 296013105 $27.6M 0.98% 1,900,000 SH
32 NABORS INDUSTRIES LTD NBR G6359F137 $26.5M 0.94% 315,000 SH
33 PRECISION DRILLING CORP PDS 74022D407 $25.6M 0.91% 333,371 SH
34 STAR BULK CARRIERS CORP. SBLK Y8162K204 $24.0M 0.85% 962,500 SH
35 FORGENT POWER SOLUTIONS INC FPS 34631F102 $23.7M 0.84% 424,476 SH
36 NORTHERN OIL & GAS INC NOG 665531307 $22.7M 0.81% 1,250,000 SH
37 TALOS ENERGY INC TALO 87484T108 $22.6M 0.80% 1,747,661 SH
38 FLOWCO HLDGS INC FLOC 342909108 $21.8M 0.77% 1,020,634 SH
39 TETRA TECHNOLOGIES INC DEL TTI 88162F105 $21.5M 0.77% 1,900,000 SH
40 PHILLIPS 66 PSX 718546104 $21.1M 0.75% 124,833 SH
41 LANDSTAR SYS INC LSTR 515098101 $20.7M 0.74% 100,000 SH
42 WABTEC WAB 929740108 $20.2M 0.72% 75,000 SH
43 RANGER ENERGY SVCS INC RNGR 75282U104 $19.7M 0.70% 1,227,978 SH
44 FERVO ENERGY CO FRVO 31556C106 $18.3M 0.65% 625,070 SH
45 INNIO NV INIO N52A8C105 $18.2M 0.65% 460,000 SH
46 RXO INC RXO 74982T103 $16.9M 0.60% 610,755 SH
47 QUANTA SVCS INC PWR 74762E102 $14.4M 0.51% 20,000 SH
48 OKEANIS ECO TANKERS COR ECO Y64177101 $11.1M 0.40% 222,197 SH
49 DEVON ENERGY CORP NEW DVN 25179M103 $10.9M 0.39% 264,101 SH
50 CMB.TECH NV CMBT B38564108 $4.7M 0.17% 334,456 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-14 $2.81B 54 0001172661-26-003734
2026-03-31 2026-05-15 $3.34B 61 0001172661-26-002316
2025-12-31 2026-02-17 $2.45B 50 0001172661-26-001127
2025-09-30 2025-11-14 $2.84B 56 0001172661-25-005073
Filer Information
Address
200 PARK AVENUE, 16TH FLOOR
NEW YORK, NY 10166
Phone
(646) 351-8452
Filing Manager
Encompass Capital Advisors LLC
New York, NY
Signatory
Michelina Cuccia
Chief Compliance Officer