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SailingStone Capital Partners LLC — 13F Holdings & Portfolio

CIK 1608904 · latest 13F-HR filed 2026-08-14

Backtest portfolio

SailingStone Capital Partners LLC manages $534.3M in 13F-reported U.S. long-equity assets across 19 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are CMP (19.53%), RRC (10.47%), LIN (9.47%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 4 new positions and exited 2; 9 existing positions rose in reported value and 3 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
$534.3M

Long-equity book

Holdings
19

Distinct positions

Period
2026-06-30

Filed 2026-08-14

Q/Q Activity
+4 / −2 / ↑9 / ↓3

vs 2026-03-31

Portfolio charts

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

Portfolio map

Q2 26
CMP19.5% · -31%RRC10.5% · +53%LIN9.5% · -11%AR9.0% · +62%EPD7.8% · +0%IE7.5% · +38%WFG7.4% · +58%MOS4.7% · newNRGV3.9% · +0%NTR3.4% · +115%WMB3.0% · -4%MUR3.0% · newHUBB2.7% · +128%MLM2.5% · +204%CCJ2.0% · +0%CEG1.8% · +20%MTAL1.7% · newMTAL.WS0.1% · newSQM0.1% · -92%

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 = 83.3%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 31, 2021.

Assets Under Management
$506.7M
Discretionary
$506.7M
Employees
7
Accounts
9
Address
3200 KIRBY DRIVE
SUITE 800
HOUSTON, TX 77098
Phone
(415) 429-5198
Website
Name Title / Status Ownership Type
DAVIS, MACKENZIE, BRYCE ControlPORTFOLIO MANAGER & MEMBER OF MANAGEMENT COMMITTEE
since Jun 2014
Less than 5%Individual
KLESCEWSKI, JAMES, EDWARD ControlCHIEF FINANCIAL OFFICER, CHIEF OPERATING OFFICER, CHIEF COMPLIANCE OFFICER & MEMBER OF MANAGEMENT COMMITTEE
since Jan 2014
Less than 5%Individual
SAILINGSTONE GP LP ControlMANAGER/MEMBER
since Dec 2013
75% or moreDomestic Entity
SETTLES, KENNETH, LEE ControlPORTFOLIO MANAGER & MEMBER OF MANAGEMENT COMMITTEE
since Jun 2014
Less than 5%Individual
DAVIS, MACKENZIE, BRYCE Control
Indirect owner via SAILINGSTONE HOLDINGS LLC
MANAGER/MEMBER
since Nov 2013
50–75%Individual
DAVIS, MACKENZIE, BRYCE Control
Indirect owner via SAILINGSTONE GP LP
LIMITED PARTNER
since Dec 2013
25–50%Individual
SETTLES, KENNETH, LEE Control
Indirect owner via SAILINGSTONE HOLDINGS LLC
MANAGER/MEMBER
since Nov 2013
50–75%Individual
SETTLES, KENNETH, LEE Control
Indirect owner via SAILINGSTONE GP LP
LIMITED PARTNER
since Dec 2013
25–50%Individual
SAILINGSTONE HOLDINGS LLC
Indirect owner via SAILINGSTONE GP LP
GENERAL PARTNER
since Dec 2013
General partner, trustee or managerDomestic Entity
Ownership & leadership changes · 8 filings with changes since Nov 19, 2013

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 2, 2021 filing
  • No longer listedTRAN, HENRY · CHIEF COMPLIANCE OFFICER · Less than 5% · listed since May 2020
  • ChangedKLESCEWSKI, JAMES, EDWARD · title CHIEF FINANCIAL OFFICER, CHIEF OPERATING OFFICER, & MEMBER OF MANAGEMENT COMMITTEE → CHIEF FINANCIAL OFFICER, CHIEF OPERATING OFFICER, CHIEF COMPLIANCE OFFICER & MEMBER OF MANAGEMENT COMMITTEE
May 29, 2020 filing
  • No longer listedKIAIE, KATHLYNE, KNOBLOCH · CHIEF COMPLIANCE OFFICER & MEMBER OF MANAGEMENT COMMITTEE · Less than 5% · control person · listed since Dec 2013
  • AddedTRAN, HENRY · CHIEF COMPLIANCE OFFICER · Less than 5%
  • ChangedKLESCEWSKI, JAMES, EDWARD · title CHIEF FINANCIAL OFFICER & MEMBER OF MANAGEMENT COMMITTEE → CHIEF FINANCIAL OFFICER, CHIEF OPERATING OFFICER, & MEMBER OF MANAGEMENT COMMITTEE
Jun 30, 2017 filing
  • ChangedDAVIS, MACKENZIE, BRYCE · indirect via SAILINGSTONE HOLDINGS LLC: title MANAGING MEMBER → MANAGER/MEMBER
  • ChangedSAILINGSTONE GP LP · title MANAGING MEMBER → MANAGER/MEMBER
  • ChangedSETTLES, KENNETH, LEE · indirect via SAILINGSTONE HOLDINGS LLC: title MANAGING MEMBER → MANAGER/MEMBER
Mar 27, 2015 filing
  • AddedSETTLES, KENNETH, LEE · PORTFOLIO MANAGER & MEMBER OF MANAGEMENT COMMITTEE · Less than 5% · control person
  • Listed againDAVIS, MACKENZIE, BRYCE · PORTFOLIO MANAGER & MEMBER OF MANAGEMENT COMMITTEE · Less than 5% · control person
  • ChangedKIAIE, KATHLYNE, KNOBLOCH · title CHIEF COMPLIANCE OFFICER → CHIEF COMPLIANCE OFFICER & MEMBER OF MANAGEMENT COMMITTEE
  • ChangedKLESCEWSKI, JAMES, EDWARD · title CHIEF FINANCIAL OFFICER → CHIEF FINANCIAL OFFICER & MEMBER OF MANAGEMENT COMMITTEE
Jan 6, 2015 filing
  • No longer listedSAILINGSTONE GP LP · MANAGING MEMBER · General partner, trustee or manager · indirect via SAILINGSTONE CAPITAL PARTNERS LLC · control person · listed since Jan 2014
  • No longer listedSAILINGSTONE HOLDINGS LLC · MANAGING MEMBER · 75% or more · indirect via SAILINGSTONE CAPITAL PARTNERS LLC · listed since Jan 2014
  • Listed againSAILINGSTONE HOLDINGS LLC · GENERAL PARTNER · General partner, trustee or manager · indirect via SAILINGSTONE GP LP
  • ChangedDAVIS, MACKENZIE, BRYCE · indirect via SAILINGSTONE GP LP: title MANAGING MEMBER → LIMITED PARTNER
  • ChangedSAILINGSTONE GP LP · title SOLE MEMBER → MANAGING MEMBER
  • ChangedSETTLES, KENNETH, LEE · indirect via SAILINGSTONE GP LP: title MANAGING MEMBER → LIMITED PARTNER
Jan 2, 2015 filing
  • AddedDAVIS, MACKENZIE, BRYCE · MANAGING MEMBER · 25–50% · indirect via SAILINGSTONE GP LP · control person
  • AddedSAILINGSTONE HOLDINGS LLC · MANAGING MEMBER · 75% or more · indirect via SAILINGSTONE CAPITAL PARTNERS LLC
  • AddedSETTLES, KENNETH, LEE · MANAGING MEMBER · 25–50% · indirect via SAILINGSTONE GP LP · control person
  • ChangedDAVIS, MACKENZIE, BRYCE · indirect via SAILINGSTONE HOLDINGS LLC: ownership 25–50% → 50–75%
  • ChangedSAILINGSTONE GP LP · indirect via SAILINGSTONE CAPITAL PARTNERS LLC: ownership 75% or more → General partner, trustee or manager; now a control person
  • ChangedSETTLES, KENNETH, LEE · indirect via SAILINGSTONE HOLDINGS LLC: ownership 25–50% → 50–75%
Jun 3, 2014 filing
  • No longer listedSAILINGSTONE HOLDINGS LLC · GENERAL PARTNER · 75% or more · indirect via SAILINGSTONE GP LP · control person · listed since Nov 2013
  • AddedSAILINGSTONE GP LP · MANAGING MEMBER · 75% or more · indirect via SAILINGSTONE CAPITAL PARTNERS LLC
Jan 2, 2014 filing
  • No longer listedDAVIS, MACKENZIE, BRYCE · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Nov 2013
  • AddedKIAIE, KATHLYNE, KNOBLOCH · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • AddedKLESCEWSKI, JAMES, EDWARD · CHIEF FINANCIAL OFFICER · Less than 5% · control person
Nov 19, 2013 filing (earliest on record)
  • ListedDAVIS, MACKENZIE, BRYCE · MANAGING MEMBER · 25–50% · indirect via SAILINGSTONE HOLDINGS LLC · control person
  • ListedDAVIS, MACKENZIE, BRYCE · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ListedSAILINGSTONE GP LP · SOLE MEMBER · 75% or more · control person
  • ListedSAILINGSTONE HOLDINGS LLC · GENERAL PARTNER · 75% or more · indirect via SAILINGSTONE GP LP · control person
  • ListedSETTLES, KENNETH, LEE · MANAGING MEMBER · 25–50% · indirect via SAILINGSTONE HOLDINGS LLC · 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.

SailingStone Capital Partners 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 COMPASS MINERALS INTL INC CMP 20451N101 $104.3M 19.53% 3,351,366 SH
2 RANGE RES CORP RRC 75281A109 $55.9M 10.47% 1,504,350 SH
3 LINDE PLC LIN G54950103 $50.6M 9.47% 97,484 SH
4 ANTERO RESOURCES CORP AR 03674X106 $48.1M 9.01% 1,369,303 SH
5 ENTERPRISE PRODS PARTNERS L EPD 293792107 $41.8M 7.82% 1,135,960 SH
6 IVANHOE ELECTRIC INC IE 46578C108 $40.3M 7.55% 4,195,373 SH
7 WEST FRASER TIMBER CO LTD WFG 952845105 $39.6M 7.41% 412,177 SH
8 MOSAIC CO MOS 61945C103 $25.2M 4.71% 1,187,332 SH
9 ENERGY VAULT HOLDINGS INC NRGV 29280W109 $21.0M 3.94% 4,469,075 SH
10 NUTRIEN LTD NTR 67077M108 $18.2M 3.40% 288,350 SH
11 WILLIAMS COS INC WMB 969457100 $16.1M 3.00% 215,914 SH
12 MURPHY OIL CORP MUR 626717102 $15.9M 2.97% 486,854 SH
13 HUBBELL INC HUBB 443510607 $14.3M 2.68% 27,328 SH
14 MARTIN MARIETTA MATLS INC MLM 573284106 $13.3M 2.50% 23,147 SH
15 CAMECO CORP CCJ 13321L108 $10.6M 1.98% 73,227 SH
16 CONSTELLATION ENERGY CORP CEG 21037T109 $9.6M 1.80% 38,795 SH
17 METALS ACQUISITION CORP II MTAL G60420109 $8.9M 1.67% 879,729 SH
18 METALS ACQUISITION CORP II MTAL.WS G60420117 $344.4K 0.06% 313,092 SH
19 SOCIEDAD QUIMICA Y MINERA DE SQM 833635105 $277.3K 0.05% 3,745 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-14 $534.3M 19 0001420506-26-001664
2026-03-31 2026-05-15 $440.3M 17 0001420506-26-001030
2025-12-31 2026-02-17 $402.5M 15 0001420506-26-000468
2025-09-30 2025-11-14 $381.9M 16 0001420506-25-003242
Filer Information
Address
100 WAUGH DRIVE
SUITE 600
HOUSTON, TX 77007
Phone
(713) 930-0371
Filing Manager
SailingStone Capital Partners LLC
Houston, TX
Signatory
Jishnu Guha
Chief Compliance Officer