EnCap Energy Capital Fund XI, L.P.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), EnCap Energy Capital Fund XI, L.P. reported 3 stock positions worth $1.1 billion. Its top holding was Diamondback Energy (FANG) at 38.2% of the portfolio, followed by Devon Energy (DVN, 38.0%) and Permian Resources Class A (PR, 23.8%). Compared with Q3 2025, it added to 1. The biggest buy was Diamondback Energy (FANG, shares +4%).

Most Recent 13F
Q4 2025
Location
Houston, TX
CIK
0001693946
Portfolio Value
$1.1B (Q4 2025)
SEC Filing
0001193125-26-054230 ↗ filed Feb 17, 2026

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $403.1M Q1 2024 Q2 2024: $311.6M Q2 2024 Q3 2024: $724.4M Q3 2024 Q4 2024: $663.8M Q4 2024 Q1 2025: $708.7M Q1 2025 Q2 2025: $1.0B Q2 2025 Q3 2025: $1.1B Q3 2025 Q4 2025: $1.1B $1.1B Q4 2025

Holdings 3 stocks · $1.1B
FANG Diamondback Energy Inc. 38.25% 2,896,632 $435.5M Add +3.9%
DVN Devon Energy Corp. 37.98% 11,806,148 $432.5M No change
PR Permian Resources Corp. Class A 23.77% 19,291,053 $270.7M No change

Portfolio Sells Q3 2025 → Q4 2025
None this quarter.

Portfolio Buys Q3 2025 → Q4 2025
FANG Diamondback Energy Inc. Add +3.9% 38.25% +0.59

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q4 2025 3$1.1BFANG, DVN, PR
Q3 2025 3$1.1BDVN, FANG, PR
Q2 2025 3$1.0BFANG, DVN, PR
Q1 2025 2$708.7MDVN, PR
Q4 2024 2$663.8MDVN, PR
Q3 2024 2$724.4MDVN, PR
Q2 2024 1$311.6MPR
Q1 2024 1$403.1MPR