Encompass Capital Advisors LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Encompass Capital Advisors LLC reported 51 stock positions worth $2.3 billion. Its top holding was T1 Energy (TE) at 14.3% of the portfolio, followed by Solaris Energy Infrastructur (SEI, 8.8%) and Atlas Energy Solutions (AESI, 4.7%). Compared with Q1 2026, it opened 21 new positions, sold out of 24, added to 7 and reduced 21. The biggest buy was Solaris Energy Infrastructur (SEI, shares +44%) and the biggest sale an exit from Baytex Energy (BTE).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001541901
- Portfolio Value
- $2.3B (Q2 2026)
- SEC Filing
- 0001172661-26-003734 ↗ filed Aug 14, 2026
Holdings Value
Holdings 51 stocks · $2.3B
| TE T1 Energy Inc. | 14.31% | 34,968,169 | $331.5M | No change |
| SEI Solaris Energy Infrastructur | 8.75% | 2,519,604 | $202.7M | Add +44.0% |
| AESI Atlas Energy Solutions Inc. | 4.69% | 6,540,322 | $108.6M | Reduce -28.4% |
| NESR National Energy Services Reu | 4.01% | 3,102,538 | $92.9M | Reduce -27.2% |
| CSTM Constellium SE | 3.33% | 2,421,349 | $77.2M | Reduce -2.3% |
| MUR Murphy Oil Corp. | 3.16% | 2,250,000 | $73.3M | New |
| PUMP Propetro Holding Corp. | 2.83% | 4,574,591 | $65.6M | New |
| BKR Baker Hughes Co. | 2.75% | 1,149,014 | $63.8M | New |
| OXY Occidental Petroleum Corp. | 2.39% | 1,138,000 | $55.3M | Add +152.1% |
| PTEN Patterson-Uti Energy Inc. | 2.35% | 5,921,072 | $54.4M | New |
| VG Venture Global Inc. Class A | 2.16% | 4,500,000 | $50.1M | New |
| FCEL Fuelcell Energy Inc. | 2.12% | 1,365,900 | $49.2M | New |
| CLF Cleveland-Cliffs Inc. | 2.07% | 5,113,625 | $48.0M | New |
| CNR Core Natural Resources Inc. | 2.04% | 589,633 | $47.2M | Add +17.9% |
| NSC Norfolk Southern Corp. | 1.97% | 145,000 | $45.6M | New |
| POWL Powell Industries Inc. | 1.96% | 158,899 | $45.5M | Add +32.4% |
| VIST Vista Energy Sab DE CV | 1.94% | 705,720 | $45.0M | Add +29.8% |
| SOC Sable Offshore Corp. | 1.92% | 14,448,741 | $44.5M | Add +7.4% |
| ODFL Old Dominion Freight Line | 1.87% | 200,000 | $43.3M | Reduce -35.5% |
| CENX Century Aluminum Company | 1.79% | 900,000 | $41.4M | Reduce -42.0% |
| ASPI Asp Isotopes Inc. | 1.76% | 6,561,754 | $40.8M | Reduce -5.1% |
| EROK Eaglerock Land LLC Class A | 1.70% | 1,858,313 | $39.5M | New |
| CNI Canadian Natl Railway Co. | 1.67% | 325,000 | $38.7M | New |
| SM SM Energy Co. | 1.63% | 1,448,061 | $37.8M | Add +107.5% |
| WHD Cactus Inc. Class A | 1.61% | 726,675 | $37.2M | Reduce -5.1% |
| MEOH Methanex Corp. | 1.58% | 791,123 | $36.5M | New |
| KEX Kirby Corp. | 1.56% | 265,609 | $36.1M | Reduce -43.4% |
| NXT Nextpower Inc. | 1.44% | 280,000 | $33.4M | Reduce -42.2% |
| MATX Matson Inc. | 1.42% | 170,724 | $32.8M | Reduce -14.6% |
| EROC Erock Inc. Class A | 1.19% | 1,900,000 | $27.6M | New |
| NBR Nabors Industries Ltd. | 1.14% | 315,000 | $26.5M | New |
| PDS Precision Drilling Corp. | 1.10% | 333,371 | $25.6M | Reduce -5.1% |
| SBLK Star Bulk Carriers Corp. | 1.04% | 962,500 | $24.0M | New |
| FPS Forgent Power Solutions Class A | 1.02% | 424,476 | $23.7M | Reduce -78.0% |
| NOG Northern Oil and Gas Inc. | 0.98% | 1,250,000 | $22.7M | New |
| TALO Talos Energy Inc. | 0.97% | 1,747,661 | $22.6M | New |
| FLOC Flowco Holdings Inc. Class A | 0.94% | 1,020,634 | $21.8M | Reduce -19.9% |
| TTI Tetra Technologies Inc. | 0.93% | 1,900,000 | $21.5M | Reduce -40.7% |
| PSX Phillips 66 | 0.91% | 124,833 | $21.1M | Reduce -59.0% |
| LSTR Landstar System Inc. | 0.89% | 100,000 | $20.7M | New |
| WAB Wabtec Corp. | 0.87% | 75,000 | $20.2M | New |
| RNGR Ranger Energy Services Class A | 0.85% | 1,227,978 | $19.7M | Reduce -18.5% |
| FRVO Fervo Energy Co. Class A | 0.79% | 625,070 | $18.3M | New |
| INIO Innio NV | 0.79% | 460,000 | $18.2M | New |
| RXO Rxo Inc. | 0.73% | 610,755 | $16.9M | New |
| PWR Quanta Services Inc. | 0.62% | 20,000 | $14.4M | Reduce -66.7% |
| ECO Okeanis Eco Tankers Corp. | 0.48% | 222,197 | $11.1M | Reduce -41.1% |
| DVN Devon Energy Corp. | 0.47% | 264,101 | $10.9M | Reduce -49.0% |
| CMBT CMB Tech NV | 0.20% | 334,456 | $4.7M | Reduce -90.4% |
| NVGS Navigator Holdings Ltd. | 0.16% | 200,000 | $3.7M | Reduce -80.7% |
| BESS Bimergen Energy Corp. | 0.12% | 700,000 | $2.8M | No change |
Options reported separately and not counted above: MTUM puts ($492.8M).
Other holdings (2): bonds, preferreds, convertibles and warrants · $2.0M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BESS.WS Bimergen Energy Corp. | *W EXP 12/12/203 | 1,000,000 | $1.9M | No change |
| T1 ENERGY INC | *W EXP 07/09/202 | 355,465 | $68K | No change |
Total filed on the 13F, all lines: $2.3B.
Portfolio Sells Q1 2026 → Q2 2026
| BTE Baytex Energy Corp. | Sold out | 0.00% | −3.66 |
| ALM Almonty Industries Inc. | Sold out | 0.00% | −2.54 |
| CEG Constellation Energy | Sold out | 0.00% | −2.28 |
| WTTR Select Water Solutions Inc. | Sold out | 0.00% | −1.92 |
| CENX Century Aluminum Company | Reduce -42.0% | 1.79% | −1.92 |
| MUSA Murphy USA Inc. | Sold out | 0.00% | −1.81 |
| UEC Uranium Energy Corp. | Sold out | 0.00% | −1.65 |
| AA Alcoa Corp. | Sold out | 0.00% | −1.64 |
| CMBT CMB Tech NV | Reduce -90.4% | 0.20% | −1.60 |
| TBN Tamboran Resources Corp. | Sold out | 0.00% | −1.45 |
| PR Permian Resources Corp. Class A | Sold out | 0.00% | −1.39 |
| PSX Phillips 66 | Reduce -59.0% | 0.91% | −1.35 |
| CSX CSX Corp. | Sold out | 0.00% | −1.31 |
| FPS Forgent Power Solutions Class A | Reduce -78.0% | 1.02% | −1.27 |
| MWH Solv Energy Inc. Class A | Sold out | 0.00% | −1.22 |
| NUE Nucor Corp. | Sold out | 0.00% | −1.21 |
| PARR Par Pacific Holdings Inc. | Sold out | 0.00% | −1.18 |
| KNX Knight-Swift Transportation | Sold out | 0.00% | −1.17 |
| VTOL Bristow Group Inc. | Sold out | 0.00% | −1.12 |
| ENPH Enphase Energy Inc. | Sold out | 0.00% | −1.11 |
| LIN Linde PLC | Sold out | 0.00% | −1.01 |
| DAR Darling Ingredients Inc. | Sold out | 0.00% | −1.01 |
| KEX Kirby Corp. | Reduce -43.4% | 1.56% | −0.98 |
| NXT Nextpower Inc. | Reduce -42.2% | 1.44% | −0.94 |
| VNOM Viper Energy Inc. Class A | Sold out | 0.00% | −0.89 |
| KRSP.U Rice Acquisition Corp. 3 | Sold out | 0.00% | −0.84 |
| STLD Steel Dynamics Inc. | Sold out | 0.00% | −0.73 |
| PWR Quanta Services Inc. | Reduce -66.7% | 0.62% | −0.72 |
| NVGS Navigator Holdings Ltd. | Reduce -80.7% | 0.16% | −0.65 |
| STNG Scorpio Tankers Inc. | Sold out | 0.00% | −0.61 |
| ODFL Old Dominion Freight Line | Reduce -35.5% | 1.87% | −0.60 |
| DVN Devon Energy Corp. | Reduce -49.0% | 0.47% | −0.59 |
| AGI Alamos Gold Inc. Class A | Sold out | 0.00% | −0.54 |
| PDS Precision Drilling Corp. | Reduce -5.1% | 1.10% | −0.30 |
| ECO Okeanis Eco Tankers Corp. | Reduce -41.1% | 0.48% | −0.30 |
| USAR USA Rare Earth Inc. | Sold out | 0.00% | −0.25 |
| RNGR Ranger Energy Services Class A | Reduce -18.5% | 0.85% | −0.20 |
| AESI Atlas Energy Solutions Inc. | Reduce -28.4% | 4.69% | −0.20 |
| TTI Tetra Technologies Inc. | Reduce -40.7% | 0.93% | −0.18 |
| FLOC Flowco Holdings Inc. Class A | Reduce -19.9% | 0.94% | −0.13 |
| MATX Matson Inc. | Reduce -14.6% | 1.42% | +0.08 |
| WHD Cactus Inc. Class A | Reduce -5.1% | 1.61% | +0.13 |
| NESR National Energy Services Reu | Reduce -27.2% | 4.01% | +0.28 |
| ASPI Asp Isotopes Inc. | Reduce -5.1% | 1.76% | +0.52 |
| CSTM Constellium SE | Reduce -2.3% | 3.33% | +0.85 |
Portfolio Buys Q1 2026 → Q2 2026
| SEI Solaris Energy Infrastructur | Add +44.0% | 8.75% | +4.72 |
| MUR Murphy Oil Corp. | New | 3.16% | +3.16 |
| PUMP Propetro Holding Corp. | New | 2.83% | +2.83 |
| BKR Baker Hughes Co. | New | 2.75% | +2.75 |
| PTEN Patterson-Uti Energy Inc. | New | 2.35% | +2.35 |
| VG Venture Global Inc. Class A | New | 2.16% | +2.16 |
| FCEL Fuelcell Energy Inc. | New | 2.12% | +2.12 |
| CLF Cleveland-Cliffs Inc. | New | 2.07% | +2.07 |
| NSC Norfolk Southern Corp. | New | 1.97% | +1.97 |
| EROK Eaglerock Land LLC Class A | New | 1.70% | +1.70 |
| CNI Canadian Natl Railway Co. | New | 1.67% | +1.67 |
| MEOH Methanex Corp. | New | 1.58% | +1.58 |
| OXY Occidental Petroleum Corp. | Add +152.1% | 2.39% | +1.19 |
| EROC Erock Inc. Class A | New | 1.19% | +1.19 |
| NBR Nabors Industries Ltd. | New | 1.14% | +1.14 |
| POWL Powell Industries Inc. | Add +32.4% | 1.96% | +1.08 |
| SBLK Star Bulk Carriers Corp. | New | 1.04% | +1.04 |
| NOG Northern Oil and Gas Inc. | New | 0.98% | +0.98 |
| TALO Talos Energy Inc. | New | 0.97% | +0.97 |
| LSTR Landstar System Inc. | New | 0.89% | +0.89 |
| WAB Wabtec Corp. | New | 0.87% | +0.87 |
| FRVO Fervo Energy Co. Class A | New | 0.79% | +0.79 |
| INIO Innio NV | New | 0.79% | +0.79 |
| SM SM Energy Co. | Add +107.5% | 1.63% | +0.74 |
| RXO Rxo Inc. | New | 0.73% | +0.73 |
| VIST Vista Energy Sab DE CV | Add +29.8% | 1.94% | +0.27 |
| CNR Core Natural Resources Inc. | Add +17.9% | 2.04% | −0.10 |
| SOC Sable Offshore Corp. | Add +7.4% | 1.92% | −7.14 |
Options Activity Q1 2026 → Q2 2026
| MTUM iShares MSCI USA Momentum Fa | put | New | 1,437,500 | $492.8M |
| LNG Cheniere Energy Inc. | put | Sold out | 1,556,100 | $441.6Mbefore exit |
| XOP SS SPDR S&P Og Exp & Prod | put | Sold out | 1,390,000 | $252.7Mbefore exit |
| LYB Lyondellbasell Indu Class A | put | Sold out | 1,274,000 | $102.6Mbefore exit |
| SCCO Southern Copper Corp. | put | Sold out | 308,100 | $53.0Mbefore exit |
| CF CF Industries Holdings Inc. | put | Sold out | 265,400 | $34.5Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 51 | $2.3B | TE, SEI, AESI, NESR, CSTM |
| Q1 2026 | 54 | $2.5B | SOC, TE, AESI, SEI, NESR |
| Q4 2025 | 47 | $2.1B | TE, SOC, SEI, FANG, NESR |
| Q3 2025 | 53 | $2.2B | SOC, SEI, KEX, NESR, FSLR |
| Q2 2025 | 60 | $2.5B | NXT, KEX, SOC, FLR, SEI |
| Q1 2025 | 65 | $2.6B | NXT, EXE, KEX, GLNG, FSLR |
| Q4 2024 | 58 | $2.3B | EXE, NFE, TDW, NESR, KEX |
| Q3 2024 | 55 | $2.1B | KEX, TDW, CEG, PBR, AA |
| Q2 2024 | 57 | $1.8B | KEX, NFE, SLB, TDW, PBR |
| Q1 2024 | 56 | $1.8B | NFE, SU, TDW, SLB, AA |