Encompass Capital Advisors LLC — 13F Holdings & Portfolio
CIK 1541901 · latest 13F-HR filed 2026-05-15
Encompass Capital Advisors LLC manages $3.34B in 13F-reported U.S. long-equity assets across 61 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are LNG (13.23%), XOP (7.57%), SOC (6.66%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 28 new positions, exited 20, added to 14, and trimmed 11.
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.
$3.34B
Long-equity book
61
Distinct positions
2026-03-31
Filed 2026-05-15
+28 / −20 / ↑14 / ↓11
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- SABLE OFFSHORE CORP$100.5M +82.6%
- CENTURY ALUM CO$71.5M +364.9%
- BAYTEX ENERGY CORP$44.6M +99.1%
- ALMONTY INDS INC$36.7M +143.1%
- CORE NATURAL RESOURCES INC$32.5M +162.9%
Top Trims
- T1 ENERGY INC-$80.1M -34.3%
- VIPER ENERGY INC-$30.3M -58.1%
- CONSTELLIUM SE-$26.9M -30.6%
- NUCOR CORP-$21.5M -42.1%
- NATIONAL ENERGY SERVICES REU-$19.7M -17.8%
New Positions
- ATLAS ENERGY SOLUTIONS INC$119.9M
- OLD DOMINION FREIGHT LINE IN$60.6M
- FORGENT POWER SOLUTIONS INC$56.4M
- CONSTELLATION ENERGY CORP$55.9M
- PHILLIPS 66$55.5M
Exited Positions
- DIAMONDBACK ENERGY INC$112.2M
- HELMERICH & PAYNE INC$59.7M
- MATADOR RES CO$53.2M
- WEATHERFORD INTL PLC$46.9M
- COMMERCIAL METALS CO$41.5M
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 | CHENIERE ENERGY INC Put | LNG | 16411R208 | $441.6M | 13.23% | 1,556,100 | SH |
| 2 | SPDR SERIES TRUST Put | XOP | 78468R556 | $252.7M | 7.57% | 1,390,000 | SH |
| 3 | SABLE OFFSHORE CORP | SOC | 78574H104 | $222.2M | 6.66% | 13,448,741 | SH |
| 4 | T1 ENERGY INC | TE | 35834F104 | $153.5M | 4.60% | 34,968,169 | SH |
| 5 | ATLAS ENERGY SOLUTIONS INC | AESI | 642045108 | $119.9M | 3.59% | 9,135,182 | SH |
| 6 | LYONDELLBASELL INDUSTRIES NV Put | LYB | N53745100 | $102.6M | 3.07% | 1,274,000 | SH |
| 7 | SOLARIS ENERGY INFRAS INC | SEI | 83418M103 | $98.9M | 2.96% | 1,750,000 | SH |
| 8 | NATIONAL ENERGY SERVICES REU | NESR | G6375R107 | $91.5M | 2.74% | 4,261,389 | SH |
| 9 | CENTURY ALUM CO | CENX | 156431108 | $91.0M | 2.73% | 1,551,362 | SH |
| 10 | BAYTEX ENERGY CORP | BTE | 07317Q105 | $89.7M | 2.69% | 20,071,614 | SH |
| 11 | KIRBY CORP | KEX | 497266106 | $62.4M | 1.87% | 469,611 | SH |
| 12 | ALMONTY INDS INC | ALM | 020398707 | $62.3M | 1.87% | 4,300,839 | SH |
| 13 | CONSTELLIUM SE | CSTM | F21107101 | $60.9M | 1.82% | 2,477,278 | SH |
| 14 | OLD DOMINION FREIGHT LINE IN | ODFL | 679580100 | $60.6M | 1.81% | 310,061 | SH |
| 15 | NEXTPOWER INC | NXT | 65290E101 | $58.4M | 1.75% | 484,262 | SH |
| 16 | FORGENT POWER SOLUTIONS INC | FPS | 34631F102 | $56.4M | 1.69% | 1,925,699 | SH |
| 17 | CONSTELLATION ENERGY CORP | CEG | 21037T109 | $55.9M | 1.67% | 200,000 | SH |
| 18 | PHILLIPS 66 | PSX | 718546104 | $55.5M | 1.66% | 304,700 | SH |
| 19 | SOUTHERN COPPER CORP Put | SCCO | 84265V105 | $53.0M | 1.59% | 308,100 | SH |
| 20 | CORE NATURAL RESOURCES INC | CNR | 218937100 | $52.4M | 1.57% | 500,000 | SH |
| 21 | SELECT WATER SOLUTIONS INC | WTTR | 81617J301 | $47.2M | 1.41% | 3,085,249 | SH |
| 22 | MURPHY USA INC | MUSA | 626755102 | $44.5M | 1.33% | 90,000 | SH |
| 23 | CMB.TECH NV | CMBT | B38564108 | $44.3M | 1.33% | 3,500,000 | SH |
| 24 | VISTA ENERGY S.A.B. DE C.V. | VIST | 92837L109 | $41.0M | 1.23% | 543,551 | SH |
| 25 | URANIUM ENERGY CORP | UEC | 916896103 | $40.5M | 1.21% | 3,000,000 | SH |
| 26 | ALCOA CORP | AA | 013872106 | $40.1M | 1.20% | 605,149 | SH |
| 27 | CACTUS INC | WHD | 127203107 | $36.3M | 1.09% | 765,514 | SH |
| 28 | TAMBORAN RES CORP | TBN | 87507T101 | $35.7M | 1.07% | 713,698 | SH |
| 29 | PRECISION DRILLING CORP | PDS | 74022D407 | $34.5M | 1.03% | 351,189 | SH |
| 30 | CF INDUSTRIES HOLD Put | CF | 125269100 | $34.5M | 1.03% | 265,400 | SH |
| 31 | PERMIAN RESOURCES CORP | PR | 71424F105 | $34.1M | 1.02% | 1,597,811 | SH |
| 32 | QUANTA SVCS INC | PWR | 74762E102 | $32.9M | 0.99% | 60,000 | SH |
| 33 | MATSON INC | MATX | 57686G105 | $32.8M | 0.98% | 199,834 | SH |
| 34 | CSX CORP | CSX | 126408103 | $32.3M | 0.97% | 785,800 | SH |
| 35 | ASP ISOTOPES INC | ASPI | 00218A105 | $30.6M | 0.92% | 6,912,054 | SH |
| 36 | SOLV ENERGY INC | MWH | 78475V103 | $30.0M | 0.90% | 1,000,400 | SH |
| 37 | NUCOR CORP | NUE | 670346105 | $29.6M | 0.89% | 175,000 | SH |
| 38 | OCCIDENTAL PETE CORP | OXY | 674599105 | $29.3M | 0.88% | 451,396 | SH |
| 39 | PAR PAC HOLDINGS INC | PARR | 69888T207 | $28.8M | 0.86% | 460,393 | SH |
| 40 | KNIGHT-SWIFT TRANSN HLDGS IN | KNX | 499049104 | $28.8M | 0.86% | 500,000 | SH |
| 41 | BRISTOW GROUP INC | VTOL | 11040G103 | $27.5M | 0.83% | 587,364 | SH |
| 42 | TETRA TECHNOLOGIES INC DEL | TTI | 88162F105 | $27.3M | 0.82% | 3,201,953 | SH |
| 43 | ENPHASE ENERGY INC | ENPH | 29355A107 | $27.2M | 0.82% | 720,288 | SH |
| 44 | FLOWCO HLDGS INC | FLOC | 342909108 | $26.3M | 0.79% | 1,275,044 | SH |
| 45 | DEVON ENERGY CORP NEW | DVN | 25179M103 | $26.0M | 0.78% | 517,600 | SH |
| 46 | RANGER ENERGY SVCS INC | RNGR | 75282U104 | $25.8M | 0.77% | 1,507,503 | SH |
| 47 | LINDE PLC | LIN | G54950103 | $24.8M | 0.74% | 50,000 | SH |
| 48 | DARLING INGREDIENTS INC | DAR | 237266101 | $24.7M | 0.74% | 400,000 | SH |
| 49 | VIPER ENERGY INC | VNOM | 64361Q101 | $21.8M | 0.65% | 464,604 | SH |
| 50 | SM ENERGY COMPANY | SM | 78454L100 | $21.8M | 0.65% | 697,800 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 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 |