EnCap Partners GP, LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 25, 2025), EnCap Partners GP, LLC reported 2 stock positions worth $385.3 million. Its top holding was Devon Energy (DVN) at 88.7% of the portfolio, followed by Expand Energy (EXE, 11.3%). Compared with Q3 2024, it opened 1 new position and sold out of 1. The biggest buy was a new position in Expand Energy (EXE) and the biggest sale an exit from Southwestern Energy (SWN).

Most Recent 13F
Q4 2025
Location
Houston, TX
CIK
0001726182
Portfolio Value
$385.3M (Q4 2024)
SEC Filing
0000950123-25-002905 ↗ filed Feb 25, 2025

Holdings Value

0$200.0M$400.0M$600.0M Q3 2024: $444.4M Q3 2024 Q4 2024: $385.3M $385.3M Q4 2024 Q1 2025: $390.7M Q1 2025 Q2 2025: $481.5M Q2 2025 Q3 2025: $521.6M Q3 2025 Q4 2025: $382.8M Q4 2025

Holdings 2 stocks · $385.3M

DVN Devon Energy Corp. 88.74% 10,446,138 $341.9M No change
EXE Expand Energy Corp. 11.26% 435,857 $43.4M New

Portfolio Sells Q3 2024 → Q4 2024

SWN Southwestern Energy Co. Sold out 0.00% −8.04

Portfolio Buys Q3 2024 → Q4 2024

EXE Expand Energy Corp. New 11.26% +11.26

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q4 2025 2$382.8MDVN, FANG
Q3 2025 2$521.6MDVN, FANG
Q2 2025 2$481.5MDVN, FANG
Q1 2025 1$390.7MDVN
Q4 2024Amended 2$385.3MDVN, EXE
Q3 2024 2$444.4MDVN, SWN