Encompass Capital Advisors LLC
Sector Allocation
- Energy50.5%$1.2B
- Technology22.8%$529.0M
- Industrials13.5%$312.3M
- Materials10.5%$243.9M
- Financials1.7%$39.5M
- Utilities1.0%$23.0M
- Other0.0%$67,503
AUM History
13fpro.ai/research/fund/encompass-capital-advisors-llc-1541901
Conviction and streaks
Concentrating · top 10 = 48.5%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
TE
$331.5MSEI
$202.7MAESI
$108.6MNESR
$92.9MCSTM
$77.2MMUR
$73.3MPUMP
$65.6MBKR
$63.8MOXY
$55.3MPTEN
$54.4MVG
$50.1MFCEL
$49.2MCLF
$48.0MCNR
$47.2MNSC
$45.6MPOWL
$45.5MVIST
$45.0MSOC
$44.5MODFL
$43.3MCENX
$41.4M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/encompass-capital-advisors-llc-1541901
Encompass Capital Advisors LLC 13F holdings — Q2 2026
$2.8B portfolio (-15.8% QoQ) · 54 holdings · Q2 2026 13F · top 10 are 49% of the stock portfolio
Includes $492.8M of put/call options ($492.8M puts, $0 calls), which 13F rules report at the value of the underlying shares, not the premium at risk. Stocks alone: $2.3B. Weights use the stock portfolio.
$331.5M
14.3% of stocks
No changeThis quarter-51.9%Since filed10+ qtrsHeld$202.7M
8.7% of stocks
+44%This quarter+3.2%Since filed9 qtrsHeld$108.6M
4.7% of stocks
-28%This quarter-27.1%Since filed2 qtrsHeld$92.9M
4.0% of stocks
-27%This quarter-41.7%Since filed7 qtrsHeldAIQuality65.2#491Est. buyEstimated buy price is Pro: unlock with a free trialTrimmed 3 qtrs in a row$77.2M
3.3% of stocks
-2%This quarter-17.0%Since filed8 qtrsHeldAIQuality63.0#653Est. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row$73.3M
3.2% of stocks
NewThis quarter+24.8%Since filedNew this quarterHeld$65.6M
2.8% of stocks
NewThis quarter-37.5%Since filedNew this quarterHeld$63.8M
2.8% of stocks
NewThis quarter-9.0%Since filedNew this quarterHeld$55.3M
2.4% of stocks
+152%This quarter+7.5%Since filed2 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row$54.4M
2.3% of stocks
NewThis quarter+7.4%Since filedNew this quarterHeld
All holdings — Encompass Capital Advisors LLC (Q2 2026)
54 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | — PUT | ISHARES TR - MSCI USA MMENTM | — | $492.8M | — | 1.44M | New | — | — | 13F |
| 12 | Venture Global, Inc. | Energy | $50.1M | 2.2% | 4.50M | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | FUELCELL ENERGY INC | Technology | $49.2M | 2.1% | 1.37M | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | CLEVELAND-CLIFFS INC. | Materials | $48.0M | 2.1% | 5.11M | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | Core Natural Resources, Inc. | Energy | $47.2M | 2.0% | 590K | +18% | 3 qtrsAdded 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | NORFOLK SOUTHERN CORP | Industrials | $45.6M | 2.0% | 145K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | POWELL INDUSTRIES INC | Technology | $45.5M | 2.0% | 159K | +297% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | Vista Energy, S.A.B. de C.V.adr | Energy | $45.0M | 1.9% | 706K | +30% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | Sable Offshore Corp. | Energy | $44.5M | 1.9% | 14.45M | +7% | 8 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | OLD DOMINION FREIGHT LINE, INC. | Industrials | $43.3M | 1.9% | 200K | -35% | 2 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | CENTURY ALUMINUM CO | Materials | $41.4M | 1.8% | 900K | -42% | 6 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | ASP Isotopes Inc. | Materials | $40.8M | 1.8% | 6.56M | -5% | 2 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | EagleRock Land, LLC | Financials | $39.5M | 1.7% | 1.86M | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | CANADIAN NATIONAL RAILWAY CO | Industrials | $38.7M | 1.7% | 325K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | SM Energy Co | Energy | $37.8M | 1.6% | 1.45M | +108% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $WHD | Cactus, Inc. | Energy | $37.2M | 1.6% | 727K | -5% | |||
| 27 | $MEOH | METHANEX CORP | Materials | $36.5M | 1.6% | 791K | New | |||
| 28 | $KEX | KIRBY CORP | Industrials | $36.1M | 1.6% | 266K | -43% | |||
| 29 | $NXT | Nextpower Inc. | Technology | $33.4M | 1.4% | 280K | -42% | |||
| 30 | $MATX | Matson, Inc. | Industrials | $32.8M | 1.4% | 171K | -15% | |||
| 31 | $EROC | ERock, Inc. | Technology | $27.6M | 1.2% | 1.90M | New | |||
| 32 | $NBR | NABORS INDUSTRIES LTD | Energy | $26.5M | 1.1% | 315K | New | |||
| 33 | $PDS | PRECISION DRILLING Corp | Energy | $25.6M | 1.1% | 333K | -5% | |||
| 34 | $SBLK | Star Bulk Carriers Corp. | Industrials | $24.0M | 1.0% | 963K | New | |||
| 35 | $FPS | Forgent Power Solutions, Inc. | Technology | $23.7M | 1.0% | 424K | -78% | |||
| 36 | $NOG | NORTHERN OIL & GAS, INC. | Energy | $22.7M | 1.0% | 1.25M | New | |||
| 37 | $TALO | TALOS ENERGY INC. | Energy | $22.6M | 1.0% | 1.75M | New | |||
| 38 | $FLOC | Flowco Holdings Inc. | Energy | $21.8M | 0.9% | 1.02M | -20% | |||
| 39 | $TTI | TETRA TECHNOLOGIES INC | Energy | $21.5M | 0.9% | 1.90M | -41% | |||
| 40 | $PSX | Phillips 66 | Energy | $21.1M | 0.9% | 125K | -59% | |||
| 41 | $LSTR | LANDSTAR SYSTEM INC | Industrials | $20.7M | 0.9% | 100K | New | |||
| 42 | $WAB | WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP | Industrials | $20.2M | 0.9% | 75K | New | |||
| 43 | $RNGR | Ranger Energy Services, Inc. | Energy | $19.7M | 0.8% | 1.23M | -19% | |||
| 44 | $FRVO | Fervo Energy Co | Utilities | $18.3M | 0.8% | 625K | New | |||
| 45 | $INIO | INNIO N.V. | Technology | $18.2M | 0.8% | 460K | New | |||
| 46 | $RXO | RXO, Inc. | Industrials | $16.9M | 0.7% | 611K | New | |||
| 47 | $PWR | QUANTA SERVICES, INC. | Industrials | $14.4M | 0.6% | 20K | -67% | |||
| 48 | $ECO | Okeanis Eco Tankers Corp. | Industrials | $11.1M | 0.5% | 222K | -41% | |||
| 49 | $DVN | DEVON ENERGY CORP/DE | Energy | $10.9M | 0.5% | 264K | -49% | |||
| 50 | $CMBT | CMB.TECH NV | Industrials | $4.7M | 0.2% | 334K | -90% | |||
| 51 | $NVGS | Navigator Holdings Ltd. | Industrials | $3.7M | 0.2% | 200K | -81% | |||
| 52 | $BESS | Bimergen Energy Corp | Utilities | $2.8M | 0.1% | 700K | — | |||
| 53 | $BESS | Bimergen Energy Corp | Utilities | $1.9M | 0.1% | 1.00M | — | |||
| 54 | — | T1 ENERGY INC - *W EXP 07/09/202 | — | $68K | 0.0% | 355K | — |
What changed in Q2 2026
Against the previous quarter's 13F: 22 new, 7 added to, 21 trimmed, 29 sold out. Share-count changes; largest moves by dollar size first.
New positions (22)
- PUTISHARES TR - MSCI USA MMENTM$492.8M
first bought this quarter
first bought this quarter
first bought this quarter
first bought this quarter
first bought this quarter
first bought this quarter
+16 more in the Excel export
Added to (7)
now $202.7M · held 9 qtrs
now $45.5M · held 2 qtrs, 2 adds in a row
now $55.3M · held 2 qtrs, 2 adds in a row
$SMSM Energy Co+108%
now $37.8M · held 2 qtrs, 2 adds in a row
now $45.0M · held 10+ qtrs
now $47.2M · held 3 qtrs, 3 adds in a row
+1 more in the Excel export
Trimmed (21)
$FPSForgent Power Solutions, Inc.-78%
now $23.7M · held 2 qtrs
$CMBTCMB.TECH NV-90%
now $4.7M · held 4 qtrs
now $108.6M · held 2 qtrs
now $92.9M · held 7 qtrs, 3 trims in a row
$PSXPhillips 66-59%
now $21.1M · held 2 qtrs
now $41.4M · held 6 qtrs
+15 more in the Excel export
Sold out (29)
$LNGPUTCheniere Energy, Inc.was $441.6M
- PUTSPDR SERIES TRUSTwas $252.7M
$LYBPUTLyondellBasell Industries N.V.was $102.6M
$BTEBAYTEX ENERGY CORP.was $89.7M
held 2 qtrs
$ALMAlmonty Industries Inc.was $62.3M
held 2 qtrs
$CEGConstellation Energy Corpwas $55.9M
held 1 qtr
+23 more in the Excel export
Holdings by quarter
Every 13F Encompass Capital Advisors LLC has filed, 41 earlier quarters. Pick one to see what it held then.
Is it too late to follow Encompass Capital Advisors?
Q2 2026 13F filed with the SEC on Aug 14, 2026. Prices are closing prices as of Oct 27, 2026.
Average quality of Encompass Capital Advisors's top 20 holdings: 52/100 (our AI quality score, weighted by position size; 18 of the 20 are scored)
Top 10 since filing
-22.3%
Value-weighted move of the 10 largest stock positions
Turnover
39%
Last quarter; 165% over the last 4
Top 10 weight
49%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
42%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Encompass Capital Advisors LLC disclosed 54 positions worth $2.8B in its Form 13F-HR for Q2 2026 — $2.3B in common stock plus $492.8M of put/call option positions (reported at underlying notional value, not premium at risk), led by $TE (T1 Energy Inc.) at 14.3% of the equity portfolio, followed by $SEI and $AESI. During the quarter the fund opened 22 new positions and exited 29 and a full exit from $LNG. The portfolio is most concentrated in Energy (50.5% of disclosed assets). All figures are sourced directly from Encompass Capital Advisors LLC’s Form 13F-HR filing with the SEC under CIK 1541901.
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