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

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 Q3 2025 Q4 2025: $1.7B $1.7B Q4 2025 Q1 2026: $2.1B Q1 2026 Q2 2026: $1.7B Q2 2026

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%
LYB Lyondellbasell Indu Class A 0.17% 69,384 $3.0M Add +69.5%
PUMP Propetro Holding Corp. 0.17% 303,934 $2.9M New
CWEN Clearway Energy Inc. Class C 0.17% 86,540 $2.9M Reduce -50.6%
NJR New Jersey Resources Corp. 0.16% 61,814 $2.9M Reduce -40.3%
XPRO Expro Group Holdings NV 0.16% 208,456 $2.8M Reduce -11.6%
CRC California Resources Corp. 0.16% 61,814 $2.8M Reduce -41.6%
GLNG Golar LNG Ltd. 0.16% 72,880 $2.7M Reduce -6.6%
WBI Waterbridge Infrastruc Class A 0.14% 123,527 $2.5M Reduce -1.2%
TS Tenaris SA-ADR 0.14% 61,163 $2.4M Reduce -17.6%
MSEX Middlesex Water Co. 0.13% 45,509 $2.3M New
TRP TC Energy Corp. 0.13% 41,224 $2.3M Reduce -17.6%
CTRI Centuri Holdings Inc. 0.13% 89,755 $2.3M Reduce -10.3%
NESR National Energy Services Reu 0.13% 144,613 $2.3M New
WLK Westlake Corp. 0.12% 27,764 $2.1M Reduce -64.6%
FTAI Ftai Aviation Ltd. 0.12% 10,217 $2.0M New
FRMI Fermi Inc. 0.11% 246,812 $2.0M New
HUN Huntsman Corp. 0.11% 184,899 $1.8M Reduce -17.6%
XYL Xylem Inc. 0.10% 13,106 $1.8M Reduce -17.6%
CNQ Canadian Natural Resources 0.10% 51,178 $1.7M Reduce -49.5%
EFXT Enerflex Ltd. 0.10% 111,421 $1.7M New
LNG Cheniere Energy Inc. 0.10% 8,699 $1.7M Reduce -92.6%
CDNL Cardinal Infrastructure GR-A 0.10% 69,494 $1.7M New
GPOR Gulfport Energy Corp. 0.10% 8,079 $1.7M Reduce -63.5%
OXY Occidental Petroleum Corp. 0.10% 40,820 $1.7M Reduce -95.1%
BP BP PLC-Spons ADR 0.10% 48,284 $1.7M Reduce -52.1%
CVE Cenovus Energy Inc. 0.10% 98,616 $1.7M Reduce -94.4%
ETN Eaton Corp. PLC 0.10% 5,238 $1.7M New
PCG P G & E Corp. 0.10% 103,461 $1.7M Reduce -75.4%
MUSA Murphy USA Inc. 0.10% 4,102 $1.7M Reduce -75.4%
RRC Range Resources Corp. 0.10% 46,817 $1.7M Reduce -89.8%
KEX Kirby Corp. 0.09% 14,707 $1.6M Reduce -62.4%
POOL Pool Corp. 0.09% 7,052 $1.6M Reduce -56.8%
AGX Argan Inc. 0.09% 5,134 $1.6M Reduce -77.2%
CLH Clean Harbors Inc. 0.09% 6,841 $1.6M Reduce -73.4%
UGI Ugi Corp. 0.09% 42,732 $1.6M Reduce -83.8%
CNR Core Natural Resources Inc. 0.09% 18,069 $1.6M Reduce -60.4%
CNX CNX Resources Corp. 0.09% 43,478 $1.6M Reduce -85.6%
MPC Marathon Petroleum Corp. 0.09% 9,777 $1.6M Reduce -86.8%
PH Parker Hannifin Corp. 0.09% 1,765 $1.6M New
RSG Republic Services Inc. 0.09% 7,090 $1.5M Reduce -17.6%
VG Venture Global Inc. Class A 0.09% 219,603 $1.5M Reduce -17.6%
SMC Summit Midstream Corp. 0.08% 51,053 $1.4M Reduce 0.0%
WM Waste Management Inc. 0.07% 5,840 $1.3M Reduce -17.6%
ATKR Atkore Inc. 0.06% 15,603 $987K New
NEXT Nextdecade Corp. 0.05% 180,464 $951K Reduce -17.6%
AROC Archrock Inc. 0.05% 34,764 $905K Reduce -80.7%
CW Curtiss-Wright Corp. 0.05% 1,521 $838K Reduce -87.8%
GRNT Granite Ridge Resources Inc. 0.04% 166,038 $780K Reduce -17.6%
EXP Eagle Materials Inc. 0.04% 3,466 $716K Reduce -17.6%
AVA Avista Corp. 0.04% 16,673 $643K Reduce -89.6%
SM SM Energy Co. 0.04% 33,882 $634K Reduce -18.6%
VTS Vitesse Energy Inc. 0.04% 32,807 $632K Reduce -18.9%
HUT Hut 8 Corp. 0.03% 13,195 $606K Reduce -17.4%
ALM Almonty Industries Inc. 0.03% 55,658 $490K New
ACDC Profrac Holding Corp. Class A 0.03% 112,629 $438K New
Other holdings (1): bonds, preferreds, convertibles and warrants · $76K (not counted above)
SecurityClassShares / PrincipalValueChange
HVIIR Hennessy Capital Investment RIGHT 01/17/2030 271,818$76KNew

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

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