Aventail Capital Group, LP

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Aventail Capital Group, LP reported 127 stock positions worth $2.2 billion. Its top holding was Entergy (ETR) at 4.2% of the portfolio, followed by Centerpoint Energy (CNP, 3.9%) and PPL (PPL, 3.8%). Compared with Q1 2025, it opened 21 new positions, sold out of 21, added to 34 and reduced 33. The biggest buy was a new position in Centerpoint Energy (CNP) and the biggest sale an exit from Consolidated Edison (ED).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001803822
Portfolio Value
$2.2B (Q2 2025)
SEC Filing
0001420506-25-002080 ↗ filed Aug 14, 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 Q1 2025 Q2 2025: $2.2B $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 · $2.2B
ETR Entergy Corp. 4.16% 1,124,518 $93.5M Add +1.3%
CNP Centerpoint Energy Inc. 3.85% 2,358,206 $86.6M New
PPL PPL Corp. 3.77% 2,500,000 $84.7M Reduce -0.4%
NRG NRG Energy Inc. 3.58% 502,008 $80.6M Reduce -19.5%
DTM DT Midstream Inc. 3.42% 700,202 $77.0M No change
TRGP Targa Resources Corp. 3.11% 402,156 $70.0M Add +0.5%
BKR Baker Hughes Co. 2.92% 1,713,256 $65.7M Add +242.4%
SO The Southern Co. 2.81% 688,765 $63.2M Add +485.2%
PEG Public Service Enterprise GP 2.78% 742,171 $62.5M Add +56.2%
DUK Duke Energy Corp. 2.56% 488,341 $57.6M New
NFG National Fuel Gas Co. 2.41% 639,192 $54.1M Add +344.6%
NEE Nextera Energy Inc. 2.40% 778,222 $54.0M Add +33.4%
EQT Eqt Corp. 2.25% 866,305 $50.5M Add +826.8%
DVN Devon Energy Corp. 2.20% 1,556,436 $49.5M Reduce -7.8%
SHEL Shell PLC-ADR 2.18% 694,904 $48.9M Add +78.6%
ATO Atmos Energy Corp. 1.86% 272,113 $41.9M Add +11.8%
DTE DTE Energy Company 1.82% 308,929 $40.9M Reduce -0.0%
XEL Xcel Energy Inc. 1.73% 569,777 $38.8M Reduce -0.4%
KMI Kinder Morgan Inc. 1.71% 1,310,566 $38.5M Reduce -5.1%
ES Eversource Energy 1.65% 582,353 $37.0M Add +23.6%
VNOM Viper Energy Inc. 1.63% 962,285 $36.7M No change
CHRD Chord Energy Corp. 1.54% 358,197 $34.7M Add +31.0%
PSX Phillips 66 1.44% 271,503 $32.4M New
WMB Williams Cos Inc. 1.42% 509,928 $32.0M No change
VST Vistra Corp. 1.42% 165,232 $32.0M Add +9.3%
AR Antero Resources Corp. 1.41% 786,425 $31.7M Reduce -13.0%
LNG Cheniere Energy Inc. 1.28% 117,900 $28.7M Reduce -38.0%
KEX Kirby Corp. 1.26% 250,456 $28.4M No change
OKE Oneok Inc. 1.22% 337,331 $27.5M Reduce -25.1%
PR Permian Resources Corp. Class A 1.21% 2,000,189 $27.2M Reduce -33.3%
EVRG Evergy Inc. 1.19% 389,285 $26.8M Reduce -1.6%
PNW Pinnacle West Capital 1.14% 287,541 $25.7M Reduce -1.8%
CVE Cenovus Energy Inc. 1.11% 1,834,183 $24.9M Add +2020.4%
PARR Par Pacific Holdings Inc. 1.06% 898,991 $23.9M Add +668.5%
MTDR Matador Resources Co. 1.06% 498,143 $23.8M Reduce -0.7%
OGE Oge Energy Corp. 1.01% 514,246 $22.8M Reduce -51.3%
BKV BKV Corporation 0.94% 875,000 $21.1M No change
WEC WEC Energy Group Inc. 0.92% 198,923 $20.7M Add +1.4%
GPOR Gulfport Energy Corp. 0.90% 100,489 $20.2M Add +0.5%
CSX CSX Corp. 0.88% 609,797 $19.9M New
SRE Sempra 0.88% 262,196 $19.9M Add +34.0%
VLO Valero Energy Corp. 0.81% 136,112 $18.3M No change
CRGY Crescent Energy Inc. Class A 0.76% 1,997,750 $17.2M Reduce -51.5%
AGX Argan Inc. 0.74% 75,023 $16.5M No change
TTE Totalenergies SE -Spon ADR 0.71% 261,623 $16.1M No change
WTRG Essential Utilities Inc. 0.68% 413,673 $15.4M Reduce -56.1%
MPC Marathon Petroleum Corp. 0.68% 92,239 $15.3M No change
TLN Talen Energy Corp. 0.67% 51,489 $15.0M Reduce -79.4%
SEI Solaris Energy Infrastructur 0.63% 500,845 $14.2M No change
CMS CMS Energy Corp. 0.62% 201,657 $14.0M Reduce -1.3%
CAT Caterpillar Inc. 0.58% 33,808 $13.1M New
CRK Comstock Resources Inc. 0.56% 457,719 $12.7M No change
GLNG Golar LNG Ltd. 0.55% 300,156 $12.4M Reduce -65.7%
NI Nisource Inc. 0.45% 252,426 $10.2M Reduce -1.2%
CNX CNX Resources Corp. 0.45% 301,236 $10.1M No change
MUSA Murphy USA Inc. 0.44% 24,460 $10.0M Add +63.1%
NSC Norfolk Southern Corp. 0.41% 35,705 $9.1M New
MGY Magnolia Oil & Gas Corp. Class A 0.40% 400,846 $9.0M Add +0.2%
NWE Northwestern Energy Group Inc. 0.40% 174,584 $9.0M Add +4.5%
AROC Archrock Inc. 0.40% 359,988 $8.9M Reduce -28.4%
VG Venture Global Inc. Class A 0.39% 567,100 $8.8M New
CTRA Coterra Energy Inc. 0.39% 342,407 $8.7M No change
SOC Sable Offshore Corp. 0.38% 393,241 $8.6M Add +21.4%
RRC Range Resources Corp. 0.36% 200,456 $8.2M No change
KNTK Kinetik Holdings Inc. 0.36% 183,918 $8.1M No change
CEG Constellation Energy 0.36% 24,784 $8.0M Reduce -3.2%
OVV Ovintiv Inc. 0.34% 200,698 $7.6M No change
UNP Union Pacific Corp. 0.33% 32,201 $7.4M New
AVA Avista Corp. 0.31% 183,560 $7.0M Add +4.4%
TS Tenaris SA-ADR 0.31% 185,524 $6.9M No change
FANG Diamondback Energy Inc. 0.31% 50,146 $6.9M No change
DAR Darling Ingredients Inc. 0.28% 168,235 $6.4M No change
CLH Clean Harbors Inc. 0.26% 25,680 $5.9M Add +213.1%
CWEN Clearway Energy Inc. Class C 0.25% 175,057 $5.6M Add +292.3%
EXE Expand Energy Corp. 0.24% 45,471 $5.3M No change
D Dominion Energy Inc. 0.23% 91,267 $5.2M Add +2.4%
AM Antero Midstream Corp. 0.23% 270,428 $5.1M New
FSLR First Solar Inc. 0.23% 30,797 $5.1M New
GFL GFL Environmental Inc.-Sub VT 0.22% 97,322 $4.9M No change
TRP TC Energy Corp. 0.22% 100,000 $4.9M Reduce -50.0%
CRC California Resources Corp. 0.21% 105,873 $4.8M No change
NJR New Jersey Resources Corp. 0.21% 103,456 $4.6M Reduce -48.4%
IDA Idacorp Inc. 0.20% 39,286 $4.5M Reduce -12.4%
AES AES Corp. 0.20% 422,015 $4.4M Add +12.8%
PBF PBF Energy Inc. Class A 0.19% 200,325 $4.3M No change
CCJ Cameco Corp. 0.19% 58,405 $4.3M No change
SM SM Energy Co. 0.18% 167,504 $4.1M No change
DINO HF Sinclair Corp. 0.18% 100,156 $4.1M No change
LNT Alliant Energy Corp. 0.18% 67,770 $4.1M Reduce -19.6%
PCG P G & E Corp. 0.18% 290,782 $4.1M No change
MUR Murphy Oil Corp. 0.18% 176,489 $4.0M Add +0.9%
KGS Kodiak Gas Services Inc. 0.15% 100,856 $3.5M No change
BEPC Brookfield Renewable Corp. 0.14% 98,399 $3.2M New
CNR Core Natural Resources Inc. 0.14% 45,628 $3.2M No change
CNQ Canadian Natural Resources 0.14% 101,236 $3.2M No change
DEC Diversified Energy Co. PLC 0.14% 210,000 $3.1M Add +5.0%
BP BP PLC-Spons ADR 0.13% 100,852 $3.0M Add +0.8%
FRO Frontline PLC 0.13% 180,332 $3.0M Reduce -56.8%
CIVI Civitas Resources Inc. 0.13% 102,865 $2.8M Add +1.6%
UGI Ugi Corp. 0.11% 66,844 $2.4M New

Show all 127 holdings

Options reported separately and not counted above: AES puts ($15.0M), PARR calls ($3.5M), NRG calls ($3.5M).

Portfolio Sells Q1 2025 → Q2 2025
ED Consolidated Edison Inc. Sold out 0.00% −2.54
TLN Talen Energy Corp. Reduce -79.4% 0.67% −1.80
CRGY Crescent Energy Inc. Class A Reduce -51.5% 0.76% −1.52
GEV GE Vernova Inc. Sold out 0.00% −1.52
OGE Oge Energy Corp. Reduce -51.3% 1.01% −1.39
WTRG Essential Utilities Inc. Reduce -56.1% 0.68% −1.16
GLNG Golar LNG Ltd. Reduce -65.7% 0.55% −1.10
OKE Oneok Inc. Reduce -25.1% 1.22% −0.99
DVN Devon Energy Corp. Reduce -7.8% 2.20% −0.92
LNG Cheniere Energy Inc. Reduce -38.0% 1.28% −0.90
PR Permian Resources Corp. Class A Reduce -33.3% 1.21% −0.84
PAGP Plains GP Holdings LP Sold out 0.00% −0.72
PPL PPL Corp. Reduce -0.4% 3.77% −0.72
EOG EOG Resources Inc. Sold out 0.00% −0.54
XOM Exxon Mobil Corp. Sold out 0.00% −0.50
AR Antero Resources Corp. Reduce -13.0% 1.41% −0.40
XLB SS Materials Select Sector Sold out 0.00% −0.34
TXNM TXNM Energy Inc. Sold out 0.00% −0.33
DTE DTE Energy Company Reduce -0.0% 1.82% −0.29
NJR New Jersey Resources Corp. Reduce -48.4% 0.21% −0.28
XEL Xcel Energy Inc. Reduce -0.4% 1.73% −0.28
AROC Archrock Inc. Reduce -28.4% 0.40% −0.25
TRP TC Energy Corp. Reduce -50.0% 0.22% −0.25
LIN Linde PLC Sold out 0.00% −0.25
SDRL Seadrill Limited Sold out 0.00% −0.25
KMI Kinder Morgan Inc. Reduce -5.1% 1.71% −0.24
PNW Pinnacle West Capital Reduce -1.8% 1.14% −0.24
FTI Technipfmc PLC Reduce -68.9% 0.10% −0.22
MTDR Matador Resources Co. Reduce -0.7% 1.06% −0.21
STR Sitio Royalties Corp. Class A Sold out 0.00% −0.18
FRO Frontline PLC Reduce -56.8% 0.13% −0.18
EVRG Evergy Inc. Reduce -1.6% 1.19% −0.16
VAL Valaris Ltd. Sold out 0.00% −0.15
GRNT Granite Ridge Resources Inc. Reduce -70.0% 0.06% −0.15
CMS CMS Energy Corp. Reduce -1.3% 0.62% −0.14
NOG Northern Oil and Gas Inc. Reduce -89.1% 0.01% −0.14
NUE Nucor Corp. Sold out 0.00% −0.13
BKH Black Hills Corp. Sold out 0.00% −0.10
MTZ Mastec Inc. Sold out 0.00% −0.09
LNT Alliant Energy Corp. Reduce -19.6% 0.18% −0.09
RIG Transocean Ltd. Sold out 0.00% −0.08
ITRI Itron Inc. Sold out 0.00% −0.07
PRIM Primoris Services Corp. Sold out 0.00% −0.07
IDA Idacorp Inc. Reduce -12.4% 0.20% −0.06
NI Nisource Inc. Reduce -1.2% 0.45% −0.05
PUMP Propetro Holding Corp. Reduce -52.4% 0.03% −0.05
ENB Enbridge Inc. Sold out 0.00% −0.04
ECG Everus Construction Group Sold out 0.00% −0.03
NE Noble Corp. PLC Sold out 0.00% −0.02
INR Infinity Natural Resour Class A Reduce -1.9% 0.08% −0.01

Portfolio Buys Q1 2025 → Q2 2025
CNP Centerpoint Energy Inc. New 3.85% +3.85
DUK Duke Energy Corp. New 2.56% +2.56
SO The Southern Co. Add +485.2% 2.81% +2.28
EQT Eqt Corp. Add +826.8% 2.25% +2.00
NFG National Fuel Gas Co. Add +344.6% 2.41% +1.84
BKR Baker Hughes Co. Add +242.4% 2.92% +1.83
PSX Phillips 66 New 1.44% +1.44
CVE Cenovus Energy Inc. Add +2020.4% 1.11% +1.05
PARR Par Pacific Holdings Inc. Add +668.5% 1.06% +0.98
CSX CSX Corp. New 0.88% +0.88
PEG Public Service Enterprise GP Add +56.2% 2.78% +0.84
SHEL Shell PLC-ADR Add +78.6% 2.18% +0.76
CAT Caterpillar Inc. New 0.58% +0.58
VST Vistra Corp. Add +9.3% 1.42% +0.55
NSC Norfolk Southern Corp. New 0.41% +0.41
VG Venture Global Inc. Class A New 0.39% +0.39
NEE Nextera Energy Inc. Add +33.4% 2.40% +0.36
UNP Union Pacific Corp. New 0.33% +0.33
AM Antero Midstream Corp. New 0.23% +0.23
FSLR First Solar Inc. New 0.23% +0.23
ES Eversource Energy Add +23.6% 1.65% +0.20
SRE Sempra Add +34.0% 0.88% +0.19
CLH Clean Harbors Inc. Add +213.1% 0.26% +0.18
CWEN Clearway Energy Inc. Class C Add +292.3% 0.25% +0.18
BEPC Brookfield Renewable Corp. New 0.14% +0.14
UGI Ugi Corp. New 0.11% +0.11
CORZ Core Scientific Inc. New 0.11% +0.11
MUSA Murphy USA Inc. Add +63.1% 0.44% +0.09
XYL Xylem Inc. New 0.09% +0.09
SLB SLB Ltd. New 0.09% +0.09
LBRT Liberty Energy Inc. New 0.09% +0.09
CTRI Centuri Holdings Inc. New 0.08% +0.08
TBN Tamboran Resources Corp. New 0.08% +0.08
NESR National Energy Services Reu New 0.04% +0.04
XPRO Expro Group Holdings NV Add +134.0% 0.09% +0.04
CHRD Chord Energy Corp. Add +31.0% 1.54% +0.02
TSSI TSS Inc. New 0.01% +0.01
FLOC Flowco Holdings Inc. Class A Add +142.9% 0.04% +0.01
HUT Hut 8 Corp. New 0.01% +0.01
ATO Atmos Energy Corp. Add +11.8% 1.86% +0.00
DEC Diversified Energy Co. PLC Add +5.0% 0.14% +0.00
GPOR Gulfport Energy Corp. Add +0.5% 0.90% −0.01
CPK Chesapeake Utilities Corp. Add +4.2% 0.09% −0.01
D Dominion Energy Inc. Add +2.4% 0.23% −0.02
SOC Sable Offshore Corp. Add +21.4% 0.38% −0.02
AES AES Corp. Add +12.8% 0.20% −0.03
BP BP PLC-Spons ADR Add +0.8% 0.13% −0.03
CIVI Civitas Resources Inc. Add +1.6% 0.13% −0.05
AVA Avista Corp. Add +4.4% 0.31% −0.05
MUR Murphy Oil Corp. Add +0.9% 0.18% −0.07

Options Activity Q1 2025 → Q2 2025
AES AES Corp. put New 1,430,000 $15.0M
PARR Par Pacific Holdings Inc. call New 133,300 $3.5M
NRG NRG Energy Inc. call Reduce -75.0% 21,500 $3.5M

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