Encompass Capital Advisors LLC reported 46 positions worth $2.18B for the quarter ended Jun 30, 2026, down 6.8% on the prior quarter. It opened 19 new positions, added to 7, trimmed 19 and exited 23. Its largest holding is T1 Energy Inc. at 15.2% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| MUR Murphy Oil Corp | +2.25M | – | $73.26M | 3.36% |
| PUMP ProPetro Holding Corp. | +4.57M | – | $65.60M | 3.01% |
| BKR Baker Hughes Co | +1.15M | – | $63.77M | 2.93% |
| SEI Solaris Energy Infrastructure, Inc. | +769.6K | +44.0% | $61.92M | 9.3% |
| PTEN Patterson Uti Energy Inc | +5.92M | – | $54.36M | 2.49% |
| VG Venture Global, Inc. | +4.50M | – | $50.09M | 2.3% |
| FCEL Fuelcell Energy Inc | +1.37M | – | $49.19M | 2.26% |
| CLF Cleveland-Cliffs Inc. | +5.11M | – | $48.02M | 2.2% |
| NSC Norfolk Southern Corp | +145.0K | – | $45.62M | 2.09% |
| EROK EagleRock Land, LLC | +1.86M | – | $39.49M | 1.81% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| BTE Baytex Energy Corp. | -20.07M | -100.0% | $89.69M | Exited |
| FPS Forgent Power Solutions, Inc. | -1.50M | -78.0% | $83.86M | 1.09% |
| ALM Almonty Industries Inc. | -4.30M | -100.0% | $62.28M | Exited |
| CEG Constellation Energy Corp | -200.0K | -100.0% | $55.85M | Exited |
| WTTR Select Water Solutions, Inc. | -3.09M | -100.0% | $47.20M | Exited |
| MUSA Murphy USA Inc. | -90.0K | -100.0% | $44.46M | Exited |
| CMBT Cmb.Tech Nv | -3.17M | -90.4% | $44.29M | 0.215% |
| AESI Atlas Energy Solutions Inc. | -2.59M | -28.4% | $43.10M | 4.98% |
| UEC Uranium Energy Corp | -3.00M | -100.0% | $40.50M | Exited |
| AA Alcoa Corp | -605.1K | -100.0% | $40.14M | Exited |
| Holding | Shares | Trade Value | Weight |
|---|---|---|---|
| MUR Murphy Oil Corp | +2.25M | $73.26M | 3.36% |
| PUMP ProPetro Holding Corp. | +4.57M | $65.60M | 3.01% |
| BKR Baker Hughes Co | +1.15M | $63.77M | 2.93% |
| PTEN Patterson Uti Energy Inc | +5.92M | $54.36M | 2.49% |
| VG Venture Global, Inc. | +4.50M | $50.09M | 2.3% |
| FCEL Fuelcell Energy Inc | +1.37M | $49.19M | 2.26% |
| CLF Cleveland-Cliffs Inc. | +5.11M | $48.02M | 2.2% |
| NSC Norfolk Southern Corp | +145.0K | $45.62M | 2.09% |
| EROK EagleRock Land, LLC | +1.86M | $39.49M | 1.81% |
| EROC ERock, Inc. | +1.90M | $27.55M | 1.26% |
| Holding | Shares Sold | Trade Value | Prior Weight |
|---|---|---|---|
| BTE Baytex Energy Corp. | -20.07M | $89.69M | 3.84% |
| ALM Almonty Industries Inc. | -4.30M | $62.28M | 2.66% |
| CEG Constellation Energy Corp | -200.0K | $55.85M | 2.39% |
| WTTR Select Water Solutions, Inc. | -3.09M | $47.20M | 2.02% |
| MUSA Murphy USA Inc. | -90.0K | $44.46M | 1.9% |
| UEC Uranium Energy Corp | -3.00M | $40.50M | 1.73% |
| AA Alcoa Corp | -605.1K | $40.14M | 1.72% |
| TBN Tamboran Resources Corp | -713.7K | $35.68M | 1.53% |
| PR Permian Resources Corp | -1.60M | $34.07M | 1.46% |
| CSX Csx Corp | -785.8K | $32.26M | 1.38% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | TE T1 Energy Inc. | Industrials | 34.97M | $331.50M | 15.21% | 0 | 0.0% | Unchanged | 12.46% |
| 2 | SEI Solaris Energy Infrastructure, Inc. | Industrials | 2.52M | $202.73M | 9.3% | +769.6K | +44.0% | Added | 3.29% |
| 3 | AESI Atlas Energy Solutions Inc. | Basic Materials | 6.54M | $108.63M | 4.98% | -2.59M | -28.4% | Reduced | 5.23% |
| 4 | NESR National Energy Services Reunited Corp. | Energy | 3.10M | $92.86M | 4.26% | -1.16M | -27.2% | Reduced | 3.08% |
| 5 | CSTM Constellium Se | Industrials | 2.42M | $77.17M | 3.54% | -55.9K | -2.3% | Reduced | 1.78% |
| 6 | MUR Murphy Oil Corp | Energy | 2.25M | $73.26M | 3.36% | +2.25M | – | New | 1.57% |
| 7 | PUMP ProPetro Holding Corp. | Energy | 4.57M | $65.60M | 3.01% | +4.57M | – | New | 3.72% |
| 8 | BKR Baker Hughes Co | Energy | 1.15M | $63.77M | 2.93% | +1.15M | – | New | 0.12% |
| 9 | OXY Occidental Petroleum Corp | Energy | 1.14M | $55.27M | 2.54% | +686.6K | +152.1% | Added | 0.11% |
| 10 | PTEN Patterson Uti Energy Inc | Energy | 5.92M | $54.36M | 2.49% | +5.92M | – | New | 1.55% |
| 11 | VG Venture Global, Inc. | Energy | 4.50M | $50.09M | 2.3% | +4.50M | – | New | 0.18% |
| 12 | FCEL Fuelcell Energy Inc | Industrials | 1.37M | $49.19M | 2.26% | +1.37M | – | New | 2.15% |
| 13 | CLF Cleveland-Cliffs Inc. | Basic Materials | 5.11M | $48.02M | 2.2% | +5.11M | – | New | 0.9% |
| 14 | CNR Core Natural Resources, Inc. | Energy | 589.6K | $47.18M | 2.16% | +89.6K | +17.9% | Added | 1.17% |
| 15 | NSC Norfolk Southern Corp | Industrials | 145.0K | $45.62M | 2.09% | +145.0K | – | New | 0.06% |
Tip. Select a row to see that position’s full history at Encompass Capital Advisors.
As of its Q2 2026 13F filing, Encompass Capital Advisors LLC’s five largest positions were T1 Energy Inc. (TE) at 15.2%, Solaris Energy Infrastructure, Inc. (SEI) at 9.3%, Atlas Energy Solutions Inc. (AESI) at 5.0%, National Energy Services Reunited Corp. (NESR) at 4.3%, Constellium Se (CSTM) at 3.5% of the reported portfolio.
Encompass Capital Advisors LLC reported a 13F portfolio worth $2.18B across 46 positions for Q2 2026. That is down 6.8% from the previous quarter.
Its largest purchases by value were Murphy Oil Corp ($73.26M), ProPetro Holding Corp. ($65.60M), Baker Hughes Co ($63.77M). It opened 19 new positions.
Its largest sales by value were Baytex Energy Corp. ($89.69M), Forgent Power Solutions, Inc. ($83.86M), Almonty Industries Inc. ($62.28M). It exited 23 positions entirely.
From the Form 13F-HR reports Encompass Capital Advisors LLC files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.