Aventail Capital Group, LP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Aventail Capital Group, LP reported 155 stock positions worth $1.7 billion. Its top holding was National Fuel Gas (NFG) at 5.0% of the portfolio, followed by Entergy (ETR, 4.4%) and Ameren (AEE, 3.8%). Compared with Q3 2025, it opened 32 new positions, sold out of 15, added to 34 and reduced 89. The biggest buy was a new position in Ameren (AEE) and the biggest sale Xcel Energy (XEL, shares −73%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001803822
- Portfolio Value
- $1.7B (Q4 2025)
- SEC Filing
- 0001420506-26-000562 ↗ filed Feb 17, 2026
Holdings Value
Holdings 155 stocks · $1.7B
| NFG National Fuel Gas Co. | 5.03% | 1,090,380 | $87.3M | Add +148.3% |
| ETR Entergy Corp. | 4.42% | 829,635 | $76.7M | Reduce -17.6% |
| AEE Ameren Corporation | 3.83% | 666,389 | $66.5M | New |
| SLB SLB Ltd. filed as SLB LIMITED | 3.46% | 1,566,200 | $60.1M | New |
| AR Antero Resources Corp. | 3.40% | 1,713,233 | $59.0M | Add +553.5% |
| ES Eversource Energy | 3.30% | 851,699 | $57.3M | Reduce -37.7% |
| PEG Public Service Enterprise GP | 3.30% | 712,241 | $57.2M | Reduce -4.0% |
| AEP American Electric Power | 3.26% | 491,288 | $56.7M | New |
| MOD Modine Manufacturing Co. | 3.10% | 402,378 | $53.7M | New |
| SO The Southern Co. | 2.93% | 583,673 | $50.9M | Reduce -15.3% |
| OKE Oneok Inc. | 2.54% | 600,273 | $44.1M | Add +61.8% |
| CAT Caterpillar Inc. | 2.17% | 65,724 | $37.7M | Add +48.0% |
| DVN Devon Energy Corp. | 2.08% | 985,035 | $36.1M | Add +80.8% |
| NRG NRG Energy Inc. | 1.98% | 215,961 | $34.4M | Reduce -50.8% |
| FE Firstenergy Corp. | 1.95% | 754,950 | $33.8M | Add +147.0% |
| ATO Atmos Energy Corp. | 1.85% | 191,137 | $32.0M | Reduce -43.5% |
| SUNC Sunococorp LLC | 1.82% | 641,809 | $31.6M | New |
| LNT Alliant Energy Corp. | 1.65% | 440,362 | $28.6M | Add +79.9% |
| CVX Chevron Corp. | 1.52% | 173,318 | $26.4M | Reduce -41.8% |
| DTE DTE Energy Company | 1.28% | 171,822 | $22.2M | Reduce -26.2% |
| WWD Woodward Inc. | 1.27% | 72,652 | $22.0M | New |
| OGE Oge Energy Corp. | 1.23% | 499,947 | $21.3M | Reduce -42.2% |
| TLN Talen Energy Corp. | 1.14% | 52,586 | $19.7M | Add +2.1% |
| KGS Kodiak Gas Services Inc. | 1.03% | 477,201 | $17.8M | Add +218.1% |
| PSX Phillips 66 | 0.96% | 129,049 | $16.7M | Add +13.2% |
| XEL Xcel Energy Inc. | 0.96% | 225,113 | $16.6M | Reduce -73.4% |
| XIFR XPLR Infrastructure LP | 0.93% | 1,608,601 | $16.1M | Add +39.2% |
| CMS CMS Energy Corp. | 0.92% | 228,835 | $16.0M | Add +128.8% |
| PR Permian Resources Corp. Class A | 0.92% | 1,139,933 | $16.0M | Add +42.5% |
| OVV Ovintiv Inc. | 0.88% | 387,616 | $15.2M | Add +175.9% |
| ONEN One Nuclear Energy Inc. filed as HENNESSY CAP INVT CORP VII | 0.83% | 1,392,607 | $14.4M | New |
| CTRA Coterra Energy Inc. | 0.82% | 543,750 | $14.3M | Add +58.8% |
| CNP Centerpoint Energy Inc. | 0.82% | 370,885 | $14.2M | Reduce -68.0% |
| TTE Totalenergies SE | 0.80% | 212,913 | $13.9M | Add +123.8% |
| SEI Solaris Energy Infrastructur | 0.79% | 300,069 | $13.8M | Add +12.7% |
| DOV Dover Corp. | 0.71% | 63,230 | $12.3M | New |
| NEE Nextera Energy Inc. | 0.71% | 153,148 | $12.3M | Reduce -52.0% |
| SHEL Shell PLC-ADR | 0.70% | 166,484 | $12.2M | Reduce -76.8% |
| PWR Quanta Services Inc. | 0.70% | 28,924 | $12.2M | Reduce -61.4% |
| DUK Duke Energy Corp. | 0.69% | 102,447 | $12.0M | Add +2.5% |
| SOC Sable Offshore Corp. | 0.66% | 1,264,639 | $11.4M | Add +361.5% |
| PNW Pinnacle West Capital | 0.63% | 123,629 | $11.0M | Reduce -42.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.63% | 15,992 | $10.9M | New |
| DTM DT Midstream Inc. | 0.61% | 88,112 | $10.5M | Reduce -22.1% |
| BEPC Brookfield Renewable Corp. | 0.60% | 273,838 | $10.5M | Add +173.8% |
| SU Suncor Energy Inc. | 0.60% | 235,572 | $10.4M | New |
| SRE Sempra | 0.54% | 106,909 | $9.4M | Reduce -72.9% |
| PRIM Primoris Services Corp. | 0.53% | 74,177 | $9.2M | Reduce -43.3% |
| CRK Comstock Resources Inc. | 0.53% | 395,515 | $9.2M | Reduce -65.4% |
| CRGY Crescent Energy Inc. Class A | 0.52% | 1,085,739 | $9.1M | Add +8.8% |
| CSX CSX Corp. | 0.51% | 246,216 | $8.9M | Add +124.3% |
| NI Nisource Inc. | 0.50% | 207,848 | $8.7M | Reduce -17.7% |
| DY Dycom Industries Inc. | 0.50% | 25,614 | $8.7M | Add +41.4% |
| PPL PPL Corp. | 0.50% | 246,799 | $8.6M | Reduce -17.7% |
| TRGP Targa Resources Corp. | 0.48% | 45,451 | $8.4M | Reduce -77.4% |
| EVRG Evergy Inc. | 0.48% | 113,923 | $8.3M | Reduce -33.5% |
| CHRD Chord Energy Corp. | 0.47% | 88,867 | $8.2M | Reduce -75.2% |
| HAL Halliburton Co. | 0.47% | 289,985 | $8.2M | Reduce -86.8% |
| BKV BKV Corporation | 0.46% | 291,973 | $7.9M | Reduce -66.6% |
| NVT Nvent Electric PLC | 0.44% | 75,244 | $7.7M | Add +22.1% |
| EMR Emerson Electric Co. | 0.44% | 57,610 | $7.6M | Reduce -25.1% |
| LBRT Liberty Energy Inc. | 0.44% | 409,502 | $7.6M | Add +22.4% |
| EQT Eqt Corp. | 0.44% | 140,874 | $7.6M | Reduce -58.7% |
| CHRW C.H. Robinson Worldwide Inc. | 0.43% | 46,440 | $7.5M | New |
| TLNCU Talon Capital Corp. | 0.42% | 707,251 | $7.3M | Add +1.0% |
| JBHT Hunt (jb) Transprt SVCS Inc. | 0.41% | 36,898 | $7.2M | New |
| PBF PBF Energy Inc. Class A | 0.40% | 255,742 | $6.9M | Add +27.7% |
| FIX Comfort Systems USA Inc. | 0.37% | 6,873 | $6.4M | Add +67.1% |
| NXT Nextpower Inc. | 0.36% | 72,590 | $6.3M | New |
| MLI Mueller Industries Inc. | 0.33% | 49,451 | $5.7M | Reduce -28.6% |
| EXE Expand Energy Corp. | 0.32% | 50,699 | $5.6M | Add +11.5% |
| HP Helmerich & Payne | 0.31% | 190,532 | $5.5M | New |
| TPL Texas Pacific Land Corp. | 0.31% | 18,820 | $5.4M | New |
| KRSP.U Rice Acquisition Corp. 3 | 0.30% | 500,000 | $5.3M | New |
| MTDR Matador Resources Co. | 0.30% | 123,629 | $5.2M | Reduce -38.0% |
| VNOM Viper Energy Inc. Class A | 0.30% | 132,940 | $5.1M | Reduce -77.0% |
| MUR Murphy Oil Corp. | 0.28% | 154,363 | $4.8M | Reduce -12.5% |
| KNTK Kinetik Holdings Inc. | 0.25% | 122,612 | $4.4M | Add +122.2% |
| D Dominion Energy Inc. | 0.25% | 75,364 | $4.4M | Reduce -17.4% |
| BKR Baker Hughes Co. | 0.25% | 93,553 | $4.3M | Reduce -79.9% |
| OGS One Gas Inc. | 0.24% | 55,052 | $4.3M | New |
| KMI Kinder Morgan Inc. | 0.24% | 152,721 | $4.2M | Reduce -88.3% |
| WMB Williams Cos Inc. | 0.24% | 69,684 | $4.2M | Reduce -78.8% |
| FANG Diamondback Energy Inc. | 0.24% | 27,489 | $4.1M | Reduce -45.2% |
| CMI Cummins Inc. | 0.24% | 8,083 | $4.1M | Reduce -82.2% |
| WEC WEC Energy Group Inc. | 0.24% | 39,056 | $4.1M | Reduce -83.7% |
| NSC Norfolk Southern Corp. | 0.24% | 14,242 | $4.1M | Reduce -53.1% |
| TBN Tamboran Resources Corp. | 0.24% | 150,439 | $4.1M | Add +77.9% |
| MTZ Mastec Inc. | 0.24% | 18,838 | $4.1M | Reduce -82.0% |
| VST Vistra Corp. | 0.23% | 24,931 | $4.0M | Reduce -74.8% |
| DINO HF Sinclair Corp. | 0.23% | 86,998 | $4.0M | Reduce -55.8% |
| SWX Southwest Gas Holdings Inc. | 0.23% | 49,451 | $4.0M | Reduce -20.4% |
| FTI Technipfmc PLC | 0.23% | 88,609 | $3.9M | New |
| WTTR Select Water Solutions Inc. | 0.21% | 342,955 | $3.6M | New |
| PARR Par Pacific Holdings Inc. | 0.20% | 98,903 | $3.5M | Reduce -82.9% |
| STRL Sterling Infrastructure Inc. | 0.20% | 11,216 | $3.4M | Add +26.6% |
| GEV GE Vernova Inc. | 0.18% | 4,853 | $3.2M | Reduce -70.5% |
| GPRK Geopark Ltd. | 0.18% | 426,928 | $3.2M | New |
| IDA Idacorp Inc. | 0.18% | 24,726 | $3.1M | Reduce -37.1% |
| UTL Unitil Corp. | 0.18% | 64,361 | $3.1M | Add +1.6% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $76K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| HVIIR Hennessy Capital Investment | RIGHT 01/17/2030 | 271,818 | $76K | New |
Total filed on the 13F, all lines: $1.7B.
Portfolio Sells Q3 2025 → Q4 2025
| XEL Xcel Energy Inc. | Reduce -73.4% | 0.96% | −2.28 |
| HAL Halliburton Co. | Reduce -86.8% | 0.47% | −2.10 |
| TAC Transalta Corp. | Sold out | 0.00% | −1.84 |
| OXY Occidental Petroleum Corp. | Reduce -95.1% | 0.10% | −1.79 |
| SHEL Shell PLC-ADR | Reduce -76.8% | 0.70% | −1.73 |
| KMI Kinder Morgan Inc. | Reduce -88.3% | 0.24% | −1.52 |
| NRG NRG Energy Inc. | Reduce -50.8% | 1.98% | −1.40 |
| CVE Cenovus Energy Inc. | Reduce -94.4% | 0.10% | −1.33 |
| CNP Centerpoint Energy Inc. | Reduce -68.0% | 0.82% | −1.32 |
| ES Eversource Energy | Reduce -37.7% | 3.30% | −1.31 |
| LNG Cheniere Energy Inc. | Reduce -92.6% | 0.10% | −1.22 |
| CHRD Chord Energy Corp. | Reduce -75.2% | 0.47% | −1.22 |
| SRE Sempra | Reduce -72.9% | 0.54% | −1.14 |
| TRGP Targa Resources Corp. | Reduce -77.4% | 0.48% | −1.12 |
| WEC WEC Energy Group Inc. | Reduce -83.7% | 0.24% | −1.07 |
| ATO Atmos Energy Corp. | Reduce -43.5% | 1.85% | −0.90 |
| WTRG Essential Utilities Inc. | Sold out | 0.00% | −0.86 |
| BKR Baker Hughes Co. | Reduce -79.9% | 0.25% | −0.83 |
| MTZ Mastec Inc. | Reduce -82.0% | 0.24% | −0.82 |
| PARR Par Pacific Holdings Inc. | Reduce -82.9% | 0.20% | −0.77 |
| PWR Quanta Services Inc. | Reduce -61.4% | 0.70% | −0.77 |
| VNOM Viper Energy Inc. Class A | Reduce -77.0% | 0.30% | −0.75 |
| WMB Williams Cos Inc. | Reduce -78.8% | 0.24% | −0.75 |
| RRC Range Resources Corp. | Reduce -89.8% | 0.10% | −0.73 |
| VST Vistra Corp. | Reduce -74.8% | 0.23% | −0.69 |
| CVX Chevron Corp. | Reduce -41.8% | 1.52% | −0.67 |
| CMI Cummins Inc. | Reduce -82.2% | 0.24% | −0.67 |
| OGE Oge Energy Corp. | Reduce -42.2% | 1.23% | −0.67 |
| MPC Marathon Petroleum Corp. | Reduce -86.8% | 0.09% | −0.58 |
| CRK Comstock Resources Inc. | Reduce -65.4% | 0.53% | −0.55 |
| BKV BKV Corporation | Reduce -66.6% | 0.46% | −0.51 |
| DAR Darling Ingredients Inc. | Sold out | 0.00% | −0.48 |
| MGY Magnolia Oil & Gas Corp. Class A | Sold out | 0.00% | −0.45 |
| EQT Eqt Corp. | Reduce -58.7% | 0.44% | −0.45 |
| NEE Nextera Energy Inc. | Reduce -52.0% | 0.71% | −0.44 |
| CEG Constellation Energy | Sold out | 0.00% | −0.39 |
| CNX CNX Resources Corp. | Reduce -85.6% | 0.09% | −0.37 |
| UGI Ugi Corp. | Reduce -83.8% | 0.09% | −0.32 |
| PRIM Primoris Services Corp. | Reduce -43.3% | 0.53% | −0.32 |
| NWE Northwestern Energy Group Inc. | Sold out | 0.00% | −0.31 |
| GEV GE Vernova Inc. | Reduce -70.5% | 0.18% | −0.30 |
| DTE DTE Energy Company | Reduce -26.2% | 1.28% | −0.29 |
| PNW Pinnacle West Capital | Reduce -42.7% | 0.63% | −0.29 |
| CW Curtiss-Wright Corp. | Reduce -87.8% | 0.05% | −0.27 |
| DINO HF Sinclair Corp. | Reduce -55.8% | 0.23% | −0.26 |
| AVA Avista Corp. | Reduce -89.6% | 0.04% | −0.25 |
| CCJ Cameco Corp. | Sold out | 0.00% | −0.23 |
| MUSA Murphy USA Inc. | Reduce -75.4% | 0.10% | −0.21 |
| PCG P G & E Corp. | Reduce -75.4% | 0.10% | −0.21 |
| NSC Norfolk Southern Corp. | Reduce -53.1% | 0.24% | −0.20 |
Portfolio Buys Q3 2025 → Q4 2025
| AEE Ameren Corporation | New | 3.83% | +3.83 |
| SLB SLB Ltd. | New | 3.46% | +3.46 |
| AEP American Electric Power | New | 3.26% | +3.26 |
| NFG National Fuel Gas Co. | Add +148.3% | 5.03% | +3.10 |
| MOD Modine Manufacturing Co. | New | 3.10% | +3.10 |
| AR Antero Resources Corp. | Add +553.5% | 3.40% | +2.98 |
| SUNC Sunococorp LLC | New | 1.82% | +1.82 |
| FE Firstenergy Corp. | Add +147.0% | 1.95% | +1.28 |
| WWD Woodward Inc. | New | 1.27% | +1.27 |
| OKE Oneok Inc. | Add +61.8% | 2.54% | +1.26 |
| DVN Devon Energy Corp. | Add +80.8% | 2.08% | +1.17 |
| CAT Caterpillar Inc. | Add +48.0% | 2.17% | +1.16 |
| LNT Alliant Energy Corp. | Add +79.9% | 1.65% | +0.87 |
| ONEN One Nuclear Energy Inc. | New | 0.83% | +0.83 |
| KGS Kodiak Gas Services Inc. | Add +218.1% | 1.03% | +0.76 |
| DOV Dover Corp. | New | 0.71% | +0.71 |
| SPY SS SPDR S&P 500 ETF Trust-US | New | 0.63% | +0.63 |
| OVV Ovintiv Inc. | Add +175.9% | 0.88% | +0.61 |
| SU Suncor Energy Inc. | New | 0.60% | +0.60 |
| CMS CMS Energy Corp. | Add +128.8% | 0.92% | +0.57 |
| TTE Totalenergies SE | Add +123.8% | 0.80% | +0.53 |
| BEPC Brookfield Renewable Corp. | Add +173.8% | 0.60% | +0.44 |
| CTRA Coterra Energy Inc. | Add +58.8% | 0.82% | +0.44 |
| PR Permian Resources Corp. Class A | Add +42.5% | 0.92% | +0.43 |
| CHRW C.H. Robinson Worldwide Inc. | New | 0.43% | +0.43 |
| SOC Sable Offshore Corp. | Add +361.5% | 0.66% | +0.43 |
| JBHT Hunt (jb) Transprt SVCS Inc. | New | 0.41% | +0.41 |
| XIFR XPLR Infrastructure LP | Add +39.2% | 0.93% | +0.37 |
| NXT Nextpower Inc. | New | 0.36% | +0.36 |
| CSX CSX Corp. | Add +124.3% | 0.51% | +0.33 |
| HP Helmerich & Payne | New | 0.31% | +0.31 |
| TPL Texas Pacific Land Corp. | New | 0.31% | +0.31 |
| KRSP.U Rice Acquisition Corp. 3 | New | 0.30% | +0.30 |
| SEI Solaris Energy Infrastructur | Add +12.7% | 0.79% | +0.29 |
| DY Dycom Industries Inc. | Add +41.4% | 0.50% | +0.25 |
| OGS One Gas Inc. | New | 0.24% | +0.24 |
| LBRT Liberty Energy Inc. | Add +22.4% | 0.44% | +0.24 |
| FTI Technipfmc PLC | New | 0.23% | +0.23 |
| PSX Phillips 66 | Add +13.2% | 0.96% | +0.22 |
| FIX Comfort Systems USA Inc. | Add +67.1% | 0.37% | +0.21 |
| WTTR Select Water Solutions Inc. | New | 0.21% | +0.21 |
| GPRK Geopark Ltd. | New | 0.18% | +0.18 |
| PUMP Propetro Holding Corp. | New | 0.17% | +0.17 |
| NVT Nvent Electric PLC | Add +22.1% | 0.44% | +0.15 |
| KNTK Kinetik Holdings Inc. | Add +122.2% | 0.25% | +0.14 |
| MSEX Middlesex Water Co. | New | 0.13% | +0.13 |
| NESR National Energy Services Reu | New | 0.13% | +0.13 |
| TBN Tamboran Resources Corp. | Add +77.9% | 0.24% | +0.13 |
| FTAI Ftai Aviation Ltd. | New | 0.12% | +0.12 |
| FRMI Fermi Inc. | New | 0.11% | +0.11 |
Options Activity Q3 2025 → Q4 2025
| BP BP PLC-Spons ADR | call | Sold out | 900,000 | $31.0Mbefore exit |
| CMI Cummins Inc. | put | Sold out | 36,000 | $15.2Mbefore exit |
| SOC Sable Offshore Corp. | call | Sold out | 250,000 | $4.4Mbefore exit |
| KEX Kirby Corp. | call | Sold out | 14,200 | $1.2Mbefore exit |
| NFE New Fortress Energy Inc. | put | Sold out | 134,000 | $296Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2025 → Q4 2025
| HVIIR Hennessy Capital Investment | RIGHT 01/17/2030 | New | 271,818 | $76K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 155 | $1.7B | NFG, AEE, LNT, ETR, NXT |
| Q1 2026 | 169 | $2.1B | ETR, NFG, CNP, ATO, CNX |
| Q4 2025 | 155 | $1.7B | NFG, ETR, AEE, SLB, AR |
| Q3 2025 | 138 | $2.1B | ES, ETR, NRG, XEL, SO |
| Q2 2025 | 127 | $2.2B | ETR, CNP, PPL, NRG, DTM |
| Q1 2025 | 127 | $2.0B | ETR, PPL, TRGP, DTM, DVN |
| Q4 2024 | 110 | $1.9B | PPL, ETR, GLNG, TRGP, GPOR |
| Q3 2024 | 91 | $1.7B | FANG, TRP, PPL, PR, PSX |
| Q2 2024 | 88 | $1.4B | FANG, CHRD, PR, ED, VST |
| Q1 2024 | 73 | $1.3B | ERF, FANG, COP, ENLC, PR |