Aventail Capital Group, LP

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Aventail Capital Group, LP reported 127 stock positions worth $2.0 billion. Its top holding was Entergy (ETR) at 4.7% of the portfolio, followed by PPL (PPL, 4.5%) and Targa Resources (TRGP, 4.0%). Compared with Q4 2024, it opened 34 new positions, sold out of 17, added to 42 and reduced 27. The biggest buy was a new position in Devon Energy (DVN) and the biggest sale Gulfport Energy (GPOR, shares −73%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001803822
Portfolio Value
$2.0B (Q1 2025)
SEC Filing
0001420506-25-001237 ↗ filed May 15, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $1.3B Q1 2024 Q2 2024: $1.4B Q2 2024 Q3 2024: $1.7B Q3 2024 Q4 2024: $1.9B Q4 2024 Q1 2025: $2.0B $2.0B Q1 2025 Q2 2025: $2.2B Q2 2025 Q3 2025: $2.1B Q3 2025 Q4 2025: $1.7B Q4 2025 Q1 2026: $2.1B Q1 2026 Q2 2026: $1.7B Q2 2026

Holdings 127 stocks · $2.0B
ETR Entergy Corp. 4.70% 1,110,340 $94.9M Reduce -12.9%
PPL PPL Corp. 4.48% 2,509,917 $90.6M Reduce -18.0%
TRGP Targa Resources Corp. 3.97% 400,000 $80.2M No change
DTM DT Midstream Inc. 3.34% 700,202 $67.6M Add +3.6%
DVN Devon Energy Corp. 3.12% 1,687,258 $63.1M New
NRG NRG Energy Inc. 2.94% 623,441 $59.5M New
ED Consolidated Edison Inc. 2.54% 464,156 $51.3M Add +828.3%
TLN Talen Energy Corp. 2.47% 249,731 $49.9M New
OGE Oge Energy Corp. 2.40% 1,055,889 $48.5M No change
CRGY Crescent Energy Inc. Class A 2.29% 4,115,879 $46.3M Add +11.1%
OKE Oneok Inc. 2.21% 450,589 $44.7M Add +0.1%
LNG Cheniere Energy Inc. 2.18% 190,025 $44.0M Add +1.2%
VNOM Viper Energy Inc. 2.15% 962,285 $43.4M Add +284.9%
DTE DTE Energy Company 2.11% 309,037 $42.7M Reduce -24.4%
PR Permian Resources Corp. Class A 2.06% 3,000,000 $41.5M No change
NEE Nextera Energy Inc. 2.05% 583,570 $41.4M Add +16.7%
XEL Xcel Energy Inc. 2.00% 572,219 $40.5M Add +0.5%
KMI Kinder Morgan Inc. 1.95% 1,380,813 $39.4M Add +47.3%
PEG Public Service Enterprise GP 1.93% 475,248 $39.1M Add +5.6%
ATO Atmos Energy Corp. 1.86% 243,320 $37.6M New
WTRG Essential Utilities Inc. 1.84% 942,298 $37.2M New
AR Antero Resources Corp. 1.81% 904,047 $36.6M Reduce -36.3%
GLNG Golar LNG Ltd. 1.64% 875,200 $33.2M Reduce -49.0%
CHRD Chord Energy Corp. 1.53% 273,526 $30.8M Add +36.8%
GEV GE Vernova Inc. 1.52% 100,489 $30.7M Add +0.5%
WMB Williams Cos Inc. 1.51% 509,928 $30.5M Add +409.9%
ES Eversource Energy 1.45% 471,196 $29.3M Add +630.9%
SHEL Shell PLC-ADR 1.41% 389,171 $28.5M Reduce -22.2%
PNW Pinnacle West Capital 1.38% 292,688 $27.9M Add +37.3%
EVRG Evergy Inc. 1.35% 395,621 $27.3M Reduce -39.3%
MTDR Matador Resources Co. 1.27% 501,855 $25.6M No change
KEX Kirby Corp. 1.25% 250,456 $25.3M Add +0.2%
BKR Baker Hughes Co. 1.09% 500,423 $22.0M Add +0.1%
WEC WEC Energy Group Inc. 1.06% 196,073 $21.4M New
GPOR Gulfport Energy Corp. 0.91% 100,000 $18.4M Reduce -73.3%
BKV BKV Corporation 0.91% 875,000 $18.4M Reduce -64.9%
VLO Valero Energy Corp. 0.89% 136,112 $18.0M No change
VST Vistra Corp. 0.88% 151,117 $17.7M Add +0.7%
TTE Totalenergies SE -Spon ADR 0.84% 261,623 $16.9M No change
CMS CMS Energy Corp. 0.76% 204,302 $15.3M New
PAGP Plains GP Holdings LP 0.72% 680,723 $14.5M No change
SRE Sempra 0.69% 195,660 $14.0M Add +56.5%
MPC Marathon Petroleum Corp. 0.66% 92,239 $13.4M No change
AROC Archrock Inc. 0.65% 502,456 $13.2M Add +0.5%
NFG National Fuel Gas Co. 0.56% 143,763 $11.4M New
EOG EOG Resources Inc. 0.54% 85,469 $11.0M New
SEI Solaris Energy Infrastructur 0.54% 500,845 $10.9M Add +0.2%
SO The Southern Co. 0.54% 117,692 $10.8M No change
NI Nisource Inc. 0.51% 255,590 $10.2M New
MGY Magnolia Oil & Gas Corp. Class A 0.50% 400,000 $10.1M No change
XOM Exxon Mobil Corp. 0.50% 84,441 $10.0M New
CTRA Coterra Energy Inc. 0.49% 342,407 $9.9M Add +10.5%
NJR New Jersey Resources Corp. 0.49% 200,589 $9.8M Add +0.3%
AGX Argan Inc. 0.49% 75,023 $9.8M Reduce -20.7%
NWE Northwestern Energy Group Inc. 0.48% 167,002 $9.7M Add +19.4%
KNTK Kinetik Holdings Inc. 0.47% 183,918 $9.6M Add +16.0%
CNX CNX Resources Corp. 0.47% 301,236 $9.5M Add +0.4%
TRP TC Energy Corp. 0.47% 200,000 $9.4M Reduce -80.9%
CRK Comstock Resources Inc. 0.46% 457,719 $9.3M No change
OVV Ovintiv Inc. 0.42% 200,698 $8.6M Add +0.3%
SOC Sable Offshore Corp. 0.41% 324,018 $8.2M No change
FANG Diamondback Energy Inc. 0.40% 50,146 $8.0M Reduce -83.3%
RRC Range Resources Corp. 0.40% 200,456 $8.0M Add +0.2%
AVA Avista Corp. 0.36% 175,831 $7.4M New
TS Tenaris SA-ADR 0.36% 185,524 $7.3M No change
MUSA Murphy USA Inc. 0.35% 15,000 $7.0M No change
XLB SS Materials Select Sector 0.34% 80,869 $7.0M New
TXNM TXNM Energy Inc. 0.33% 125,560 $6.7M No change
FTI Technipfmc PLC 0.31% 200,458 $6.4M Add +0.2%
FRO Frontline PLC 0.31% 417,520 $6.2M Reduce -49.4%
LNT Alliant Energy Corp. 0.27% 84,256 $5.4M Reduce -2.5%
DAR Darling Ingredients Inc. 0.26% 168,235 $5.3M New
IDA Idacorp Inc. 0.26% 44,867 $5.2M New
CEG Constellation Energy 0.26% 25,592 $5.2M Reduce -54.8%
EXE Expand Energy Corp. 0.25% 45,471 $5.1M New
LIN Linde PLC 0.25% 10,808 $5.0M New
SDRL Seadrill Limited 0.25% 200,845 $5.0M Reduce -79.9%
SM SM Energy Co. 0.25% 167,504 $5.0M Reduce -33.0%
D Dominion Energy Inc. 0.25% 89,158 $5.0M New
PCG P G & E Corp. 0.25% 290,782 $5.0M Reduce -62.0%
EQT Eqt Corp. 0.25% 93,475 $5.0M New
MUR Murphy Oil Corp. 0.25% 174,856 $5.0M New
GFL GFL Environmental Inc.-Sub VT 0.23% 97,322 $4.7M Add +10.1%
CRC California Resources Corp. 0.23% 105,873 $4.7M No change
AES AES Corp. 0.23% 374,254 $4.6M Add +10.2%
GRNT Granite Ridge Resources Inc. 0.20% 671,961 $4.1M Reduce -62.6%
PBF PBF Energy Inc. Class A 0.19% 200,325 $3.8M Add +0.2%
KGS Kodiak Gas Services Inc. 0.19% 100,856 $3.8M Add +0.9%
STR Sitio Royalties Corp. Class A 0.18% 187,695 $3.7M No change
CIVI Civitas Resources Inc. 0.17% 101,236 $3.5M Add +1.2%
CNR Core Natural Resources Inc. 0.17% 45,628 $3.5M New
BP BP PLC-Spons ADR 0.17% 100,000 $3.4M New
DINO HF Sinclair Corp. 0.16% 100,156 $3.3M Reduce -50.2%
CNQ Canadian Natural Resources 0.15% 101,236 $3.1M Add +1.2%
NOG Northern Oil and Gas Inc. 0.15% 100,895 $3.1M Reduce -64.7%
VAL Valaris Ltd. 0.15% 75,489 $3.0M Add +0.7%
DEC Diversified Energy Co. PLC 0.13% 200,000 $2.7M New
NUE Nucor Corp. 0.13% 21,092 $2.5M New
CCJ Cameco Corp. 0.12% 58,405 $2.4M No change
CPK Chesapeake Utilities Corp. 0.11% 16,581 $2.1M New

Show all 127 holdings

Options reported separately and not counted above: NRG calls ($8.2M).

Portfolio Sells Q4 2024 → Q1 2025
GPOR Gulfport Energy Corp. Reduce -73.3% 0.91% −2.70
BKV BKV Corporation Reduce -64.9% 0.91% −2.19
FANG Diamondback Energy Inc. Reduce -83.3% 0.40% −2.17
GLNG Golar LNG Ltd. Reduce -49.0% 1.64% −2.16
TRP TC Energy Corp. Reduce -80.9% 0.47% −2.08
SDRL Seadrill Limited Reduce -79.9% 0.25% −1.79
PSX Phillips 66 Sold out 0.00% −1.19
CVX Chevron Corp. Sold out 0.00% −0.92
AR Antero Resources Corp. Reduce -36.3% 1.81% −0.79
COP Conocophillips Sold out 0.00% −0.77
EVRG Evergy Inc. Reduce -39.3% 1.35% −0.75
PPL PPL Corp. Reduce -18.0% 4.48% −0.71
FE Firstenergy Corp. Sold out 0.00% −0.62
PCG P G & E Corp. Reduce -62.0% 0.25% −0.56
HESM Hess Midstream LP Class A Reduce -83.3% 0.10% −0.48
DTE DTE Energy Company Reduce -24.4% 2.11% −0.47
CEG Constellation Energy Reduce -54.8% 0.26% −0.41
GRNT Granite Ridge Resources Inc. Reduce -62.6% 0.20% −0.41
NOG Northern Oil and Gas Inc. Reduce -64.7% 0.15% −0.40
VTLE Vital Energy Inc. Reduce -66.6% 0.11% −0.38
ETR Entergy Corp. Reduce -12.9% 4.70% −0.36
FRO Frontline PLC Reduce -49.4% 0.31% −0.31
PARR Par Pacific Holdings Inc. Reduce -72.9% 0.08% −0.29
DUK Duke Energy Corp. Sold out 0.00% −0.28
SM SM Energy Co. Reduce -33.0% 0.25% −0.26
SHEL Shell PLC-ADR Reduce -22.2% 1.41% −0.23
NSC Norfolk Southern Corp. Sold out 0.00% −0.22
RIG Transocean Ltd. Reduce -66.7% 0.08% −0.22
HUT Hut 8 Corp. Sold out 0.00% −0.21
DINO HF Sinclair Corp. Reduce -50.2% 0.16% −0.21
AGX Argan Inc. Reduce -20.7% 0.49% −0.19
BEPC Brookfield Renewable Corp. Sold out 0.00% −0.18
CVE Cenovus Energy Inc. Reduce -71.2% 0.06% −0.18
CORZ Core Scientific Inc. Sold out 0.00% −0.17
EE Excelerate Energy Inc. Class A Sold out 0.00% −0.16
FLNC Fluence Energy Inc. Sold out 0.00% −0.15
ITRI Itron Inc. Reduce -50.9% 0.07% −0.09
HOS Hornbeck Offshore Services I Sold out 0.00% −0.05
ATKR Atkore Inc. Sold out 0.00% −0.05
METC Ramaco Resources Inc. Class A Sold out 0.00% −0.04
ESI Element Solutions Inc. Sold out 0.00% −0.04
HNRG Hallador Energy Co. Sold out 0.00% −0.02
NXT Nextpower Inc. Sold out 0.00% −0.01
LNT Alliant Energy Corp. Reduce -2.5% 0.27% +0.00

Portfolio Buys Q4 2024 → Q1 2025
DVN Devon Energy Corp. New 3.12% +3.12
NRG NRG Energy Inc. New 2.94% +2.94
TLN Talen Energy Corp. New 2.47% +2.47
ED Consolidated Edison Inc. Add +828.3% 2.54% +2.31
ATO Atmos Energy Corp. New 1.86% +1.86
WTRG Essential Utilities Inc. New 1.84% +1.84
VNOM Viper Energy Inc. Add +284.9% 2.15% +1.51
ES Eversource Energy Add +630.9% 1.45% +1.25
WMB Williams Cos Inc. Add +409.9% 1.51% +1.22
WEC WEC Energy Group Inc. New 1.06% +1.06
CMS CMS Energy Corp. New 0.76% +0.76
KMI Kinder Morgan Inc. Add +47.3% 1.95% +0.60
NFG National Fuel Gas Co. New 0.56% +0.56
EOG EOG Resources Inc. New 0.54% +0.54
NI Nisource Inc. New 0.51% +0.51
XOM Exxon Mobil Corp. New 0.50% +0.50
PNW Pinnacle West Capital Add +37.3% 1.38% +0.43
AVA Avista Corp. New 0.36% +0.36
XLB SS Materials Select Sector New 0.34% +0.34
CHRD Chord Energy Corp. Add +36.8% 1.53% +0.30
DAR Darling Ingredients Inc. New 0.26% +0.26
IDA Idacorp Inc. New 0.26% +0.26
EXE Expand Energy Corp. New 0.25% +0.25
LIN Linde PLC New 0.25% +0.25
D Dominion Energy Inc. New 0.25% +0.25
EQT Eqt Corp. New 0.25% +0.25
MUR Murphy Oil Corp. New 0.25% +0.25
CNR Core Natural Resources Inc. New 0.17% +0.17
NEE Nextera Energy Inc. Add +16.7% 2.05% +0.17
BP BP PLC-Spons ADR New 0.17% +0.17
DEC Diversified Energy Co. PLC New 0.13% +0.13
NUE Nucor Corp. New 0.13% +0.13
SRE Sempra Add +56.5% 0.69% +0.12
CPK Chesapeake Utilities Corp. New 0.11% +0.11
INR Infinity Natural Resour Class A New 0.09% +0.09
NWE Northwestern Energy Group Inc. Add +19.4% 0.48% +0.09
CLH Clean Harbors Inc. New 0.08% +0.08
CTRA Coterra Energy Inc. Add +10.5% 0.49% +0.08
CWEN Clearway Energy Inc. Class C New 0.07% +0.07
LNG Cheniere Energy Inc. Add +1.2% 2.18% +0.06
VTS Vitesse Energy Inc. New 0.05% +0.05
ENB Enbridge Inc. New 0.04% +0.04
CLMT Calumet Inc. New 0.03% +0.03
ECG Everus Construction Group New 0.03% +0.03
GFL GFL Environmental Inc.-Sub VT Add +10.1% 0.23% +0.03
FLOC Flowco Holdings Inc. Class A New 0.03% +0.03
RRC Range Resources Corp. Add +0.2% 0.40% +0.02
BKR Baker Hughes Co. Add +0.1% 1.09% +0.01
NE Noble Corp. PLC Add +215.1% 0.02% +0.01
FTI Technipfmc PLC Add +0.2% 0.31% +0.01

Options Activity Q4 2024 → Q1 2025
NFE New Fortress Energy Inc. put Sold out 2,295,000 $34.7Mbefore exit
NRG NRG Energy Inc. call New 86,100 $8.2M
PPL PPL Corp. call Sold out 77,000 $2.5Mbefore exit
CLMT Calumet Inc. put Sold out 45,000 $991Kbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 155$1.7BNFG, AEE, LNT, ETR, NXT
Q1 2026 169$2.1BETR, NFG, CNP, ATO, CNX
Q4 2025 155$1.7BNFG, ETR, AEE, SLB, AR
Q3 2025 138$2.1BES, ETR, NRG, XEL, SO
Q2 2025 127$2.2BETR, CNP, PPL, NRG, DTM
Q1 2025 127$2.0BETR, PPL, TRGP, DTM, DVN
Q4 2024 110$1.9BPPL, ETR, GLNG, TRGP, GPOR
Q3 2024 91$1.7BFANG, TRP, PPL, PR, PSX
Q2 2024 88$1.4BFANG, CHRD, PR, ED, VST
Q1 2024 73$1.3BERF, FANG, COP, ENLC, PR