Aventail Capital Group, LP

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Aventail Capital Group, LP reported 138 stock positions worth $2.1 billion. Its top holding was Eversource Energy (ES) at 4.6% of the portfolio, followed by Entergy (ETR, 4.5%) and NRG Energy (NRG, 3.4%). Compared with Q2 2025, it opened 32 new positions, sold out of 21, added to 26 and reduced 47. The biggest buy was Eversource Energy (ES, shares +135%) and the biggest sale PPL (PPL, shares −88%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001803822
Portfolio Value
$2.1B (Q3 2025)
SEC Filing
0001420506-25-003409 ↗ filed Nov 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 Q2 2025 Q3 2025: $2.1B $2.1B Q3 2025 Q4 2025: $1.7B Q4 2025 Q1 2026: $2.1B Q1 2026 Q2 2026: $1.7B Q2 2026

Holdings 138 stocks · $2.1B
ES Eversource Energy 4.62% 1,366,121 $97.2M Add +134.6%
ETR Entergy Corp. 4.46% 1,007,040 $93.8M Reduce -10.4%
NRG NRG Energy Inc. 3.38% 439,108 $71.1M Reduce -12.5%
XEL Xcel Energy Inc. 3.24% 845,489 $68.2M Add +48.4%
SO The Southern Co. 3.10% 688,765 $65.3M No change
PEG Public Service Enterprise GP 2.94% 742,171 $61.9M No change
ATO Atmos Energy Corp. 2.74% 338,098 $57.7M Add +24.3%
HAL Halliburton Co. 2.57% 2,199,061 $54.1M New
SHEL Shell PLC-ADR 2.43% 715,939 $51.2M Add +3.0%
CVX Chevron Corp. 2.20% 297,550 $46.2M New
CNP Centerpoint Energy Inc. 2.14% 1,158,206 $44.9M Reduce -50.9%
NFG National Fuel Gas Co. 1.93% 439,142 $40.6M Reduce -31.3%
OGE Oge Energy Corp. 1.90% 864,588 $40.0M Add +68.1%
OXY Occidental Petroleum Corp. 1.88% 838,362 $39.6M New
TAC Transalta Corp. 1.84% 2,829,643 $38.6M New
KMI Kinder Morgan Inc. 1.76% 1,310,566 $37.1M No change
CHRD Chord Energy Corp. 1.69% 358,197 $35.6M No change
SRE Sempra 1.69% 394,498 $35.5M Add +50.5%
TRGP Targa Resources Corp. 1.60% 201,078 $33.7M Reduce -50.0%
DTE DTE Energy Company 1.57% 232,897 $32.9M Reduce -24.6%
PWR Quanta Services Inc. 1.48% 74,899 $31.0M New
CVE Cenovus Energy Inc. 1.43% 1,771,832 $30.1M Reduce -3.4%
LNG Cheniere Energy Inc. 1.32% 117,900 $27.7M No change
WEC WEC Energy Group Inc. 1.31% 239,884 $27.5M Add +20.6%
OKE Oneok Inc. 1.29% 371,064 $27.1M Add +10.0%
NEE Nextera Energy Inc. 1.14% 319,071 $24.1M Reduce -59.0%
BKR Baker Hughes Co. 1.08% 465,981 $22.7M Reduce -72.8%
CRK Comstock Resources Inc. 1.08% 1,143,721 $22.7M Add +149.9%
MTZ Mastec Inc. 1.06% 104,731 $22.3M New
VNOM Viper Energy Inc. Class A 1.05% 577,371 $22.1M New
TLN Talen Energy Corp. 1.04% 51,489 $21.9M No change
CAT Caterpillar Inc. 1.01% 44,422 $21.2M Add +31.4%
WMB Williams Cos Inc. 0.99% 327,971 $20.8M Reduce -35.7%
PARR Par Pacific Holdings Inc. 0.97% 578,175 $20.5M Reduce -35.7%
BKV BKV Corporation 0.96% 875,012 $20.2M Add +0.0%
VST Vistra Corp. 0.92% 98,756 $19.3M Reduce -40.2%
PNW Pinnacle West Capital 0.92% 215,656 $19.3M Reduce -25.0%
CMI Cummins Inc. 0.91% 45,364 $19.2M New
DVN Devon Energy Corp. 0.91% 544,753 $19.1M Reduce -65.0%
EQT Eqt Corp. 0.88% 340,887 $18.6M Reduce -60.6%
WTRG Essential Utilities Inc. 0.86% 454,461 $18.1M Add +9.9%
PRIM Primoris Services Corp. 0.85% 130,880 $18.0M New
RRC Range Resources Corp. 0.83% 461,340 $17.4M Add +130.2%
LNT Alliant Energy Corp. 0.78% 244,725 $16.5M Add +261.1%
PSX Phillips 66 0.74% 114,031 $15.5M Reduce -58.0%
MPC Marathon Petroleum Corp. 0.68% 73,791 $14.2M Reduce -20.0%
FE Firstenergy Corp. 0.67% 305,660 $14.0M New
EVRG Evergy Inc. 0.62% 171,285 $13.0M Reduce -56.0%
DTM DT Midstream Inc. 0.61% 113,086 $12.8M Reduce -83.8%
DUK Duke Energy Corp. 0.59% 100,000 $12.4M Reduce -79.5%
XIFR XPLR Infrastructure LP 0.56% 1,155,457 $11.8M New
PPL PPL Corp. 0.53% 300,000 $11.1M Reduce -88.0%
NI Nisource Inc. 0.52% 252,426 $10.9M No change
SEI Solaris Energy Infrastructur 0.51% 266,267 $10.6M Reduce -46.8%
DINO HF Sinclair Corp. 0.49% 196,746 $10.3M Add +96.4%
PR Permian Resources Corp. Class A 0.49% 800,076 $10.2M Reduce -60.0%
DAR Darling Ingredients Inc. 0.48% 330,325 $10.2M Add +96.3%
GEV GE Vernova Inc. 0.48% 16,471 $10.1M New
EMR Emerson Electric Co. 0.48% 76,923 $10.1M New
CNX CNX Resources Corp. 0.46% 301,236 $9.7M No change
MGY Magnolia Oil & Gas Corp. Class A 0.45% 400,928 $9.6M Add +0.0%
NSC Norfolk Southern Corp. 0.43% 30,349 $9.1M Reduce -15.0%
MTDR Matador Resources Co. 0.43% 199,257 $9.0M Reduce -60.0%
CRGY Crescent Energy Inc. Class A 0.42% 997,750 $8.9M Reduce -50.1%
AR Antero Resources Corp. 0.42% 262,142 $8.8M Reduce -66.7%
UGI Ugi Corp. 0.42% 263,456 $8.8M Add +294.1%
CEG Constellation Energy 0.39% 24,784 $8.2M No change
CTRA Coterra Energy Inc. 0.38% 342,407 $8.1M No change
CMS CMS Energy Corp. 0.35% 100,026 $7.3M Reduce -50.4%
FANG Diamondback Energy Inc. 0.34% 50,146 $7.2M No change
TLNCU Talon Capital Corp. 0.33% 700,000 $7.0M New
MLI Mueller Industries Inc. 0.33% 69,211 $7.0M New
CW Curtiss-Wright Corp. 0.32% 12,421 $6.7M New
MUSA Murphy USA Inc. 0.31% 16,666 $6.5M Reduce -31.9%
NWE Northwestern Energy Group Inc. 0.31% 110,292 $6.5M Reduce -36.8%
PCG P G & E Corp. 0.30% 420,402 $6.3M Add +44.6%
NVT Nvent Electric PLC 0.29% 61,643 $6.1M New
AGX Argan Inc. 0.29% 22,507 $6.1M Reduce -70.0%
AVA Avista Corp. 0.29% 160,703 $6.1M Reduce -12.4%
PBF PBF Energy Inc. Class A 0.29% 200,325 $6.0M No change
WLK Westlake Corp. 0.29% 78,340 $6.0M New
CLH Clean Harbors Inc. 0.28% 25,680 $6.0M No change
TTE Totalenergies SE -Spon ADR 0.27% 95,137 $5.7M Reduce -63.6%
OVV Ovintiv Inc. 0.27% 140,489 $5.7M Reduce -30.0%
CRC California Resources Corp. 0.27% 105,873 $5.6M No change
D Dominion Energy Inc. 0.27% 91,267 $5.6M No change
KGS Kodiak Gas Services Inc. 0.26% 150,000 $5.5M Add +48.7%
DY Dycom Industries Inc. 0.25% 18,115 $5.3M New
IDA Idacorp Inc. 0.25% 39,286 $5.2M No change
POOL Pool Corp. 0.24% 16,339 $5.1M New
MUR Murphy Oil Corp. 0.24% 176,489 $5.0M No change
NJR New Jersey Resources Corp. 0.24% 103,456 $5.0M No change
CWEN Clearway Energy Inc. Class C 0.23% 175,057 $4.9M No change
CCJ Cameco Corp. 0.23% 58,405 $4.9M No change
SWX Southwest Gas Holdings Inc. 0.23% 62,112 $4.9M New
EXE Expand Energy Corp. 0.23% 45,471 $4.8M No change
SOC Sable Offshore Corp. 0.23% 274,018 $4.8M Reduce -30.3%
AROC Archrock Inc. 0.23% 179,994 $4.7M Reduce -50.0%
LBRT Liberty Energy Inc. 0.20% 334,637 $4.1M Add +94.6%
GFL GFL Environmental Inc.-Sub VT 0.19% 84,707 $4.0M Reduce -13.0%

Show all 138 holdings

Options reported separately and not counted above: BP calls ($31.0M), CMI puts ($15.2M), SOC calls ($4.4M), KEX calls ($1.2M), NFE puts ($296K).

Portfolio Sells Q2 2025 → Q3 2025
PPL PPL Corp. Reduce -88.0% 0.53% −3.24
DTM DT Midstream Inc. Reduce -83.8% 0.61% −2.81
DUK Duke Energy Corp. Reduce -79.5% 0.59% −1.97
BKR Baker Hughes Co. Reduce -72.8% 1.08% −1.84
CNP Centerpoint Energy Inc. Reduce -50.9% 2.14% −1.72
VNOM Viper Energy Inc. Sold out 0.00% −1.63
TRGP Targa Resources Corp. Reduce -50.0% 1.60% −1.51
EQT Eqt Corp. Reduce -60.6% 0.88% −1.36
DVN Devon Energy Corp. Reduce -65.0% 0.91% −1.29
NEE Nextera Energy Inc. Reduce -59.0% 1.14% −1.26
KEX Kirby Corp. Reduce -84.4% 0.15% −1.11
AR Antero Resources Corp. Reduce -66.7% 0.42% −0.99
VLO Valero Energy Corp. Sold out 0.00% −0.81
PR Permian Resources Corp. Class A Reduce -60.0% 0.49% −0.72
GPOR Gulfport Energy Corp. Reduce -78.0% 0.19% −0.71
PSX Phillips 66 Reduce -58.0% 0.74% −0.70
CSX CSX Corp. Reduce -82.0% 0.19% −0.70
MTDR Matador Resources Co. Reduce -60.0% 0.43% −0.63
EVRG Evergy Inc. Reduce -56.0% 0.62% −0.57
VST Vistra Corp. Reduce -40.2% 0.92% −0.50
NFG National Fuel Gas Co. Reduce -31.3% 1.93% −0.48
AGX Argan Inc. Reduce -70.0% 0.29% −0.45
TTE Totalenergies SE -Spon ADR Reduce -63.6% 0.27% −0.44
WMB Williams Cos Inc. Reduce -35.7% 0.99% −0.44
GLNG Golar LNG Ltd. Reduce -74.0% 0.15% −0.40
CRGY Crescent Energy Inc. Class A Reduce -50.1% 0.42% −0.34
UNP Union Pacific Corp. Sold out 0.00% −0.33
CMS CMS Energy Corp. Reduce -50.4% 0.35% −0.27
DTE DTE Energy Company Reduce -24.6% 1.57% −0.25
KNTK Kinetik Holdings Inc. Reduce -70.0% 0.11% −0.25
AM Antero Midstream Corp. Sold out 0.00% −0.23
FSLR First Solar Inc. Sold out 0.00% −0.23
PNW Pinnacle West Capital Reduce -25.0% 0.92% −0.22
VG Venture Global Inc. Class A Reduce -53.0% 0.18% −0.21
NRG NRG Energy Inc. Reduce -12.5% 3.38% −0.20
TS Tenaris SA-ADR Reduce -60.0% 0.13% −0.18
AROC Archrock Inc. Reduce -50.0% 0.23% −0.17
SOC Sable Offshore Corp. Reduce -30.3% 0.23% −0.16
MUSA Murphy USA Inc. Reduce -31.9% 0.31% −0.13
SM SM Energy Co. Reduce -75.1% 0.05% −0.13
FRO Frontline PLC Sold out 0.00% −0.13
SEI Solaris Energy Infrastructur Reduce -46.8% 0.51% −0.12
CORZ Core Scientific Inc. Sold out 0.00% −0.11
AES AES Corp. Reduce -65.0% 0.09% −0.10
FTI Technipfmc PLC Sold out 0.00% −0.10
NWE Northwestern Energy Group Inc. Reduce -36.8% 0.31% −0.09
SLB SLB Ltd. Sold out 0.00% −0.09
TRP TC Energy Corp. Reduce -50.0% 0.13% −0.09
PARR Par Pacific Holdings Inc. Reduce -35.7% 0.97% −0.09
HESM Hess Midstream LP Class A Sold out 0.00% −0.09

Portfolio Buys Q2 2025 → Q3 2025
ES Eversource Energy Add +134.6% 4.62% +2.97
HAL Halliburton Co. New 2.57% +2.57
CVX Chevron Corp. New 2.20% +2.20
OXY Occidental Petroleum Corp. New 1.88% +1.88
TAC Transalta Corp. New 1.84% +1.84
XEL Xcel Energy Inc. Add +48.4% 3.24% +1.52
PWR Quanta Services Inc. New 1.48% +1.48
MTZ Mastec Inc. New 1.06% +1.06
VNOM Viper Energy Inc. Class A New 1.05% +1.05
CMI Cummins Inc. New 0.91% +0.91
OGE Oge Energy Corp. Add +68.1% 1.90% +0.89
ATO Atmos Energy Corp. Add +24.3% 2.74% +0.88
PRIM Primoris Services Corp. New 0.85% +0.85
SRE Sempra Add +50.5% 1.69% +0.80
FE Firstenergy Corp. New 0.67% +0.67
LNT Alliant Energy Corp. Add +261.1% 0.78% +0.60
XIFR XPLR Infrastructure LP New 0.56% +0.56
CRK Comstock Resources Inc. Add +149.9% 1.08% +0.51
GEV GE Vernova Inc. New 0.48% +0.48
EMR Emerson Electric Co. New 0.48% +0.48
RRC Range Resources Corp. Add +130.2% 0.83% +0.46
CAT Caterpillar Inc. Add +31.4% 1.01% +0.42
WEC WEC Energy Group Inc. Add +20.6% 1.31% +0.38
TLNCU Talon Capital Corp. New 0.33% +0.33
MLI Mueller Industries Inc. New 0.33% +0.33
CW Curtiss-Wright Corp. New 0.32% +0.32
UGI Ugi Corp. Add +294.1% 0.42% +0.31
DINO HF Sinclair Corp. Add +96.4% 0.49% +0.31
NVT Nvent Electric PLC New 0.29% +0.29
WLK Westlake Corp. New 0.29% +0.29
SHEL Shell PLC-ADR Add +3.0% 2.43% +0.26
DY Dycom Industries Inc. New 0.25% +0.25
POOL Pool Corp. New 0.24% +0.24
SWX Southwest Gas Holdings Inc. New 0.23% +0.23
DAR Darling Ingredients Inc. Add +96.3% 0.48% +0.20
WTRG Essential Utilities Inc. Add +9.9% 0.86% +0.18
FIX Comfort Systems USA Inc. New 0.16% +0.16
WBI Waterbridge Infrastruc Class A New 0.15% +0.15
RIG Transocean Ltd. New 0.15% +0.15
UTL Unitil Corp. New 0.14% +0.14
STRL Sterling Infrastructure Inc. New 0.14% +0.14
PCG P G & E Corp. Add +44.6% 0.30% +0.12
KGS Kodiak Gas Services Inc. Add +48.7% 0.26% +0.11
LBRT Liberty Energy Inc. Add +94.6% 0.20% +0.11
HUN Huntsman Corp. New 0.10% +0.10
DOW Dow Inc. New 0.10% +0.10
LYB Lyondellbasell Indu Class A New 0.10% +0.10
RSG Republic Services Inc. New 0.09% +0.09
WM Waste Management Inc. New 0.07% +0.07
OKE Oneok Inc. Add +10.0% 1.29% +0.06

Options Activity Q2 2025 → Q3 2025
BP BP PLC-Spons ADR call New 900,000 $31.0M
CMI Cummins Inc. put New 36,000 $15.2M
AES AES Corp. put Sold out 1,430,000 $15.0Mbefore exit
SOC Sable Offshore Corp. call New 250,000 $4.4M
PARR Par Pacific Holdings Inc. call Sold out 133,300 $3.5Mbefore exit
NRG NRG Energy Inc. call Sold out 21,500 $3.5Mbefore exit
KEX Kirby Corp. call New 14,200 $1.2M
NFE New Fortress Energy Inc. put New 134,000 $296K

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