Encompass Capital Advisors LLC
13F Reported Value
ⓘ$3.3B
incl. option notional
Equity Holdings
ⓘ$2.5B
Option Notional
ⓘ$884.4M
$884.4M puts / $0 calls
Holdings
61
Latest Filing
2026-03-31
Filing Quarter
Q1 2026
Portfolio Overview
Encompass Capital Advisors LLC disclosed 61 positions worth $3.3B in its Form 13F-HR for Q1 2026 — $2.5B in common stock plus $884.4M of put/call option positions (reported at underlying notional value, not premium at risk), led by $LNG (Cheniere Energy, Inc.) puts. During the quarter the fund opened 33 new positions and exited 22 — including a new stake in $LNG and a full exit from $OXY. The portfolio is most concentrated in Energy (47.5% of disclosed assets). All figures are sourced directly from Encompass Capital Advisors LLC’s Form 13F-HR filing with the SEC under CIK 1541901.
AI Fund Analysis
DiversifyingSector Allocation
AUM History
Top Equity Holdings by Value
Option Positions
13F rules report options at the value of the underlying shares (notional) — not the premium paid or capital at risk. Shown separately from the equity sleeve above.
Quarterly Activity — Q1 2026
Click any card to unlockTop Holdings
- 48.4#1,556
Quality
$441.6M1,556,100 sh SPDR SERIES TRUST PUT
—Quality
$252.7M1,390,000 sh- —
Quality
$222.2M13,448,741 sh - 23.8
Quality
$153.5M34,968,169 sh - 29.9
Quality
$119.9M9,135,182 sh - $102.6M1,274,000 sh
- 56.9
Quality
$98.9M1,750,000 sh - 61.1
Quality
$91.5M4,261,389 sh - 67.0
Quality
$91.0M1,551,362 sh - —
Quality
$89.7M20,071,614 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 Cheniere Energy, Inc.$LNGPUT | 48.4#1,556 | $441.6M | 1,556,100 |
| SPDR SERIES TRUST PUT | — | $252.7M | 1,390,000 |
 Sable Offshore Corp.$SOC | — | $222.2M | 13,448,741 |
 T1 Energy Inc.$TE | 23.8 | $153.5M | 34,968,169 |
 Atlas Energy Solutions Inc.$AESI | 29.9 | $119.9M | 9,135,182 |
 LyondellBasell Industries N.V.$LYBPUT | — | $102.6M | 1,274,000 |
 Solaris Energy Infrastructure, Inc.$SEI | 56.9 | $98.9M | 1,750,000 |
 National Energy Services Reunited Corp.$NESR | 61.1 | $91.5M | 4,261,389 |
 CENTURY ALUMINUM CO$CENX | 67.0 | $91.0M | 1,551,362 |
 BAYTEX ENERGY CORP.$BTE | — | $89.7M | 20,071,614 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of Encompass Capital Advisors LLC's 61 positions.
Showing top 10 of 61 holdings.
Sector Allocation
Energy
$1.2B
Materials
$417.4M
Industrials
$405.6M
Technology
$317.1M
Utilities
$58.1M
Consumer Discretionary
$44.5M
Consumer Staples
$24.7M
Financials
$20.5M
Full Holdings — Encompass Capital Advisors LLC (Q1 2026)
All 61 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $LNGPUT | Cheniere Energy, Inc. | $441.6M | — | NEW | 48.4 |
| 2 | — | SPDR SERIES TRUST | $252.7M | — | NEW | — |
| 3 | $SOC | Sable Offshore Corp. | $222.2M | 9.1% | -0% | — |
| 4 | $TE | T1 Energy Inc. | $153.5M | 6.3% | +0% | 23.8 |
| 5 | $AESI | Atlas Energy Solutions Inc. | $119.9M | 4.9% | NEW | 29.9 |
| 6 | $LYBPUT | LyondellBasell Industries N.V. | $102.6M | — | NEW | — |
| 7 | $SEI | Solaris Energy Infrastructure, Inc. | $98.9M | 4.0% | -32% | 56.9 |
| 8 | $NESR | National Energy Services Reunited Corp. | $91.5M | 3.7% | -40% | 61.1 |
| 9 | $CENX | CENTURY ALUMINUM CO | $91.0M | 3.7% | +210% | 67 |
| 10 | $BTE | BAYTEX ENERGY CORP. | $89.7M | 3.7% | +44% | — |
| 11 |  $KEX | KIRBY CORP | $62.4M | 2.5% | -28% | 64.1 |
| 12 |  $ALM | Almonty Industries Inc. | $62.3M | 2.5% | +48% | — |
| 13 |  $CSTM | CONSTELLIUM SE | $60.9M | 2.5% | -47% | 69.7 |
| 14 |  $ODFL | OLD DOMINION FREIGHT LINE, INC. | $60.6M | 2.5% | NEW | 68.1 |
| 15 |  $NXT | Nextpower Inc. | $58.4M | 2.4% | -3% | 74.8 |
| 16 |  $FPS | Forgent Power Solutions, Inc. | $56.4M | 2.3% | NEW | — |
| 17 |  $CEG | Constellation Energy Corp | $55.9M | 2.3% | NEW | 62.5 |
| 18 |  $PSX | Phillips 66 | $55.5M | 2.3% | NEW | 47.6 |
| 19 |  $SCCOPUT | SOUTHERN COPPER CORP/ | $53.0M | — | NEW | 86.6 |
| 20 |  $CNR | Core Natural Resources, Inc. | $52.4M | 2.1% | +122% | 51.8 |
| 21 |  $WTTR | Select Water Solutions, Inc. | $47.2M | 1.9% | -1% | 39.1 |
| 22 |  $MUSA | Murphy USA Inc. | $44.5M | 1.8% | NEW | 53.2 |
| 23 |  $CMBT | CMB.TECH NV | $44.3M | 1.8% | +40% | — |
| 24 |  $VIST | Vista Energy, S.A.B. de C.V. | $41.0M | 1.7% | -9% | — |
| 25 |  $UEC | URANIUM ENERGY CORP | $40.5M | 1.6% | NEW | 17.8 |
| 26 |  $AA | Alcoa Corp | $40.1M | 1.6% | -21% | 66.2 |
| 27 |  $WHD | Cactus, Inc. | $36.3M | 1.5% | NEW | 61.8 |
| 28 |  $TBN | Tamboran Resources Corp | $35.7M | 1.4% | +0% | — |
| 29 |  $PDS | PRECISION DRILLING Corp | $34.5M | 1.4% | -37% | — |
| 30 |  $CFPUT | CF Industries Holdings, Inc. | $34.5M | — | NEW | 76.8 |
| 31 |  $PR | Permian Resources Corp | $34.1M | 1.4% | NEW | 75.6 |
| 32 |  $PWR | QUANTA SERVICES, INC. | $32.9M | 1.3% | NEW | 62.6 |
| 33 |  $MATX | Matson, Inc. | $32.8M | 1.3% | NEW | 59.7 |
| 34 |  $CSX | CSX CORP | $32.3M | 1.3% | NEW | 66.4 |
| 35 |  $ASPI | ASP Isotopes Inc. | $30.6M | 1.3% | NEW | 25.6 |
| 36 |  $MWH | SOLV Energy, Inc. | $30.0M | 1.2% | NEW | — |
| 37 |  $NUE | NUCOR CORP | $29.6M | 1.2% | -44% | 58.9 |
| 38 |  $OXY | OCCIDENTAL PETROLEUM CORP /DE/ | $29.3M | 1.2% | NEW | 66.3 |
| 39 |  $PARR | PAR PACIFIC HOLDINGS, INC. | $28.8M | 1.2% | NEW | 54.3 |
| 40 |  $KNX | Knight-Swift Transportation Holdings Inc. | $28.8M | 1.2% | NEW | 49.3 |
| 41 |  $VTOL | Bristow Group Inc. | $27.5M | 1.1% | -16% | 60.4 |
| 42 |  $TTI | TETRA TECHNOLOGIES INC | $27.3M | 1.1% | +11% | 46.3 |
| 43 |  $ENPH | Enphase Energy, Inc. | $27.2M | 1.1% | NEW | 44.1 |
| 44 |  $FLOC | Flowco Holdings Inc. | $26.3M | 1.1% | -15% | 66.3 |
| 45 |  $DVN | DEVON ENERGY CORP/DE | $26.0M | 1.1% | NEW | 70.2 |
| 46 |  $RNGR | Ranger Energy Services, Inc. | $25.8M | 1.1% | -0% | 39.6 |
| 47 |  $LIN | LINDE PLC | $24.8M | 1.0% | NEW | — |
| 48 |  $DAR | DARLING INGREDIENTS INC. | $24.7M | 1.0% | NEW | 46.6 |
| 49 |  $VNOM | Viper Energy, Inc. | $21.8M | 0.9% | -66% | — |
| 50 |  $SM | SM Energy Co | $21.8M | 0.9% | NEW | 66.6 |
| 51 |  $POWL | POWELL INDUSTRIES INC | $21.6M | 0.9% | NEW | 69.5 |
| 52 |  $KRSP | Rice Acquisition Corp 3 | $20.5M | 0.8% | -3% | — |
| 53 |  $NVGS | Navigator Holdings Ltd. | $20.0M | 0.8% | +63% | — |
| 54 |  $ECO | Okeanis Eco Tankers Corp. | $19.1M | 0.8% | -53% | — |
| 55 |  $STLD | STEEL DYNAMICS INC | $18.0M | 0.7% | NEW | 56 |
| 56 |  $STNG | Scorpio Tankers Inc. | $14.9M | 0.6% | +0% | — |
| 57 |  $AGI | ALAMOS GOLD INC | $13.3M | 0.5% | NEW | — |
| 58 |  $USAR | USA Rare Earth, Inc. | $6.2M | 0.3% | NEW | 28.1 |
| 59 |  $BESS | Bimergen Energy Corp | $1.5M | 0.1% | NEW | — |
| 60 | $BESS | Bimergen Energy Corp | $712,500 | 0.0% | NEW | — |
| 61 | — | T1 ENERGY INC | $78,558 | 0.0% | +0% | — |
New Positions (33)
$LNGPUT Cheniere Energy, Inc.$441.6M$AESI Atlas Energy Solutions Inc.$119.9M$LYBPUT LyondellBasell Industries N.V.$102.6M$ODFL OLD DOMINION FREIGHT LINE, INC.$60.6M$FPS Forgent Power Solutions, Inc.$56.4M$CEG Constellation Energy Corp$55.9M$PSX Phillips 66$55.5M$SCCOPUT SOUTHERN COPPER CORP/$53.0M$MUSA Murphy USA Inc.$44.5M$UEC URANIUM ENERGY CORP$40.5M$WHD Cactus, Inc.$36.3M$CFPUT CF Industries Holdings, Inc.$34.5M$PR Permian Resources Corp$34.1M$PWR QUANTA SERVICES, INC.$32.9MExited Positions (22)
$OXYCALL OCCIDENTAL PETROLEUM CORP /DE/
$UALPUT United Airlines Holdings, Inc.
$FANG Diamondback Energy, Inc.
$HP Helmerich & Payne, Inc.
$MTDR Matador Resources Co
$WFRD Weatherford International plc
$CMC COMMERCIAL METALS Co
$SHLS Shoals Technologies Group, Inc.
$JBHT HUNT J B TRANSPORT SERVICES INC
$GXO GXO Logistics, Inc.
$CHRD Chord Energy Corp
$SLI STANDARD LITHIUM LTD.
$PRIM Primoris Services Corp
$ORA ORMAT TECHNOLOGIES, INC.
$CCJ CAMECO CORPBrowse Top Institutional Investors
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