Encompass Capital Advisors LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Encompass Capital Advisors LLC reported 55 stock positions worth $2.1 billion. Its top holding was Kirby (KEX) at 5.6% of the portfolio, followed by Tidewater (TDW, 4.7%) and Constellation Energy (CEG, 4.4%). Compared with Q2 2024, it opened 17 new positions, sold out of 19, added to 22 and reduced 15. The biggest buy was Constellation Energy (CEG, shares +603%) and the biggest sale SLB (SLB, shares −43%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001541901
- Portfolio Value
- $2.1B (Q3 2024)
- SEC Filing
- 0001172661-24-005176 ↗ filed Nov 14, 2024
Holdings Value
Holdings 55 stocks · $2.1B
| KEX Kirby Corp. | 5.56% | 932,827 | $114.2M | Add +5.1% |
| TDW Tidewater Inc. | 4.70% | 1,344,158 | $96.5M | Add +74.5% |
| CEG Constellation Energy | 4.45% | 351,273 | $91.3M | Add +602.5% |
| PBR Petroleo Brasileiro-Spon ADR | 4.19% | 5,970,170 | $86.0M | Add +18.2% |
| AA Alcoa Corp. | 4.04% | 2,148,890 | $82.9M | Add +123.8% |
| COP Conocophillips | 3.94% | 769,340 | $81.0M | Add +46.5% |
| VST Vistra Corp. | 3.54% | 613,972 | $72.8M | Add +104.7% |
| CONSOL ENERGY INC | 3.23% | 634,064 | $66.4M | New |
| BKR Baker Hughes Co. | 3.18% | 1,806,686 | $65.3M | New |
| TRN Trinity Industries Inc. | 2.90% | 1,707,044 | $59.5M | Add +26.0% |
| NFE New Fortress Energy Inc. | 2.88% | 6,506,544 | $59.1M | Add +35.6% |
| OKLO Oklo Inc. | 2.54% | 6,458,669 | $52.3M | Add +13.0% |
| VRN Veren Inc. | 2.45% | 8,177,953 | $50.4M | Add +57.6% |
| GEV GE Vernova Inc. | 2.37% | 190,946 | $48.7M | Reduce -43.0% |
| CIVI Civitas Resources Inc. | 2.31% | 937,523 | $47.5M | Add +13.8% |
| ASPN Aspen Aerogels Inc. | 2.30% | 1,703,151 | $47.2M | Reduce -12.7% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 2.27% | 1,113,631 | $46.7M | Reduce -43.3% |
| WAB Wabtec Corp. | 1.99% | 225,000 | $40.9M | New |
| GBX Greenbrier Companies Inc. | 1.83% | 736,896 | $37.5M | Add +84.2% |
| SWN Southwestern Energy Co. | 1.80% | 5,193,245 | $36.9M | New |
| SEI Solaris Energy Infrastructur | 1.79% | 2,880,124 | $36.8M | Add +135.6% |
| VIST Vista Energy Sab DE CV | 1.77% | 823,451 | $36.4M | Reduce -19.6% |
| OVV Ovintiv Inc. | 1.71% | 918,499 | $35.2M | New |
| PDS Precision Drilling Corp. | 1.69% | 562,687 | $34.7M | Reduce -12.7% |
| XPRO Expro Group Holdings NV | 1.62% | 1,935,798 | $33.2M | New |
| GFR Greenfire Resources Ltd. | 1.58% | 4,367,292 | $32.5M | Reduce -0.2% |
| NEXT Nextdecade Corp. | 1.45% | 6,341,659 | $29.9M | Add +116.8% |
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 1.42% | 1,371,953 | $29.1M | Add +17.4% |
| CDLR Cadeler A/S-ADR | 1.39% | 1,016,493 | $28.6M | Add +0.1% |
| ENPH Enphase Energy Inc. | 1.37% | 249,805 | $28.2M | New |
| CRK Comstock Resources Inc. | 1.35% | 2,494,709 | $27.8M | Reduce -28.5% |
| FLNC Fluence Energy Inc. | 1.34% | 1,208,531 | $27.4M | Reduce -36.7% |
| HOS Hornbeck Offshore Services I filed as HELIX ENERGY SOLUTIONS GRP I | 1.33% | 2,468,531 | $27.4M | Add +16.2% |
| CSTM Constellium SE | 1.31% | 1,655,680 | $26.9M | New |
| SHLS Shoals Technologies Group -A | 1.29% | 4,726,603 | $26.5M | Add +26.1% |
| SBLK Star Bulk Carriers Corp. | 1.26% | 1,092,991 | $25.9M | Reduce -46.7% |
| EXE Expand Energy Corp. filed as CHESAPEAKE ENERGY CORP | 1.20% | 299,372 | $24.6M | New |
| NVGS Navigator Holdings Ltd. | 1.06% | 1,349,563 | $21.7M | Reduce -0.0% |
| AMPS Altus Power Inc. | 1.04% | 6,691,274 | $21.3M | Add +44.6% |
| TALO Talos Energy Inc. | 0.91% | 1,814,703 | $18.8M | Add +17.1% |
| RNGR Ranger Energy Services Class A | 0.88% | 1,513,678 | $18.0M | Reduce -2.4% |
| B Barrick Gold Corp. | 0.87% | 900,000 | $17.9M | Reduce -55.0% |
| NPWR Net Power Inc. | 0.86% | 2,513,525 | $17.6M | Add +20.3% |
| HAFN Hafnia Ltd. | 0.80% | 2,305,000 | $16.4M | New |
| HBM Hudbay Minerals Inc. | 0.78% | 1,749,972 | $16.1M | Reduce -49.5% |
| X United States Steel Corp. | 0.78% | 451,464 | $16.0M | New |
| FSLR First Solar Inc. | 0.73% | 60,445 | $15.1M | Reduce -51.8% |
| DK Delek US Holdings Inc. | 0.73% | 800,000 | $15.0M | Reduce -13.3% |
| SOC Sable Offshore Corp. | 0.70% | 611,505 | $14.4M | New |
| TE T1 Energy Inc. filed as FREYR BATTERY INC | 0.64% | 13,463,268 | $13.1M | No change |
| PRIM Primoris Services Corp. | 0.64% | 224,729 | $13.1M | New |
| PARR Par Pacific Holdings Inc. | 0.59% | 683,817 | $12.0M | New |
| JBHT Hunt (jb) Transprt SVCS Inc. | 0.45% | 54,091 | $9.3M | New |
| XPO Xpo Inc. | 0.09% | 16,724 | $1.8M | New |
| GOLDEN OCEAN GROUP LTD | 0.08% | 126,836 | $1.7M | New |
Other holdings (1): bonds, preferreds, convertibles and warrants · $20K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| T1 ENERGY INC | *W EXP 07/09/202 | 355,465 | $20K | No change |
Total filed on the 13F, all lines: $2.1B.
Portfolio Sells Q2 2024 → Q3 2024
| SLB SLB Ltd. | Reduce -43.3% | 2.27% | −2.73 |
| MATX Matson Inc. | Sold out | 0.00% | −2.52 |
| NXT Nextpower Inc. | Sold out | 0.00% | −2.26 |
| ITRI Itron Inc. | Sold out | 0.00% | −1.79 |
| SBLK Star Bulk Carriers Corp. | Reduce -46.7% | 1.26% | −1.44 |
| PWR Quanta Services Inc. | Sold out | 0.00% | −1.37 |
| CENX Century Aluminum Company | Sold out | 0.00% | −1.27 |
| HL Hecla Mining Co. | Sold out | 0.00% | −1.07 |
| HASI Ha Sustainable Infrastructur | Sold out | 0.00% | −1.01 |
| CMC Commercial Metals Co. | Sold out | 0.00% | −0.97 |
| B Barrick Gold Corp. | Reduce -55.0% | 0.87% | −0.93 |
| HBM Hudbay Minerals Inc. | Reduce -49.5% | 0.78% | −0.91 |
| HAL Halliburton Co. | Sold out | 0.00% | −0.89 |
| FSLR First Solar Inc. | Reduce -51.8% | 0.73% | −0.80 |
| ZIM Zim Integrated Shipping Serv | Sold out | 0.00% | −0.78 |
| PDS Precision Drilling Corp. | Reduce -12.7% | 1.69% | −0.76 |
| VIST Vista Energy Sab DE CV | Reduce -19.6% | 1.77% | −0.75 |
| GEV GE Vernova Inc. | Reduce -43.0% | 2.37% | −0.74 |
| PUMP Propetro Holding Corp. | Sold out | 0.00% | −0.72 |
| MT Arcelormittal-NY Registered | Sold out | 0.00% | −0.69 |
| SNDR Schneider National Inc. Class B | Sold out | 0.00% | −0.67 |
| CP Canadian Pacific Kansas City | Sold out | 0.00% | −0.64 |
| CRK Comstock Resources Inc. | Reduce -28.5% | 1.35% | −0.61 |
| KNX Knight-Swift Transportation | Sold out | 0.00% | −0.57 |
| KGS Kodiak Gas Services Inc. | Sold out | 0.00% | −0.55 |
| DK Delek US Holdings Inc. | Reduce -13.3% | 0.73% | −0.50 |
| FLNC Fluence Energy Inc. | Reduce -36.7% | 1.34% | −0.45 |
| MYRG MYR Group Inc./Delaware | Sold out | 0.00% | −0.35 |
| OPAL Opal Fuels Inc. Class A | Sold out | 0.00% | −0.33 |
| TBN Tamboran Resources Corp. | Sold out | 0.00% | −0.25 |
| NVGS Navigator Holdings Ltd. | Reduce -0.0% | 1.06% | −0.22 |
| ASPN Aspen Aerogels Inc. | Reduce -12.7% | 2.30% | −0.22 |
| GFR Greenfire Resources Ltd. | Reduce -0.2% | 1.58% | −0.01 |
| RNGR Ranger Energy Services Class A | Reduce -2.4% | 0.88% | −0.00 |
Portfolio Buys Q2 2024 → Q3 2024
| CEG Constellation Energy | Add +602.5% | 4.45% | +3.91 |
| CONSOL ENERGY INC | New | 3.23% | +3.23 |
| BKR Baker Hughes Co. | New | 3.18% | +3.18 |
| VST Vistra Corp. | Add +104.7% | 3.54% | +2.15 |
| WAB Wabtec Corp. | New | 1.99% | +1.99 |
| AA Alcoa Corp. | Add +123.8% | 4.04% | +1.97 |
| SWN Southwestern Energy Co. | New | 1.80% | +1.80 |
| OVV Ovintiv Inc. | New | 1.71% | +1.71 |
| XPRO Expro Group Holdings NV | New | 1.62% | +1.62 |
| ENPH Enphase Energy Inc. | New | 1.37% | +1.37 |
| CSTM Constellium SE | New | 1.31% | +1.31 |
| SEI Solaris Energy Infrastructur | Add +135.6% | 1.79% | +1.22 |
| EXE Expand Energy Corp. | New | 1.20% | +1.20 |
| HAFN Hafnia Ltd. | New | 0.80% | +0.80 |
| X United States Steel Corp. | New | 0.78% | +0.78 |
| GBX Greenbrier Companies Inc. | Add +84.2% | 1.83% | +0.75 |
| TDW Tidewater Inc. | Add +74.5% | 4.70% | +0.73 |
| TRN Trinity Industries Inc. | Add +26.0% | 2.90% | +0.70 |
| SOC Sable Offshore Corp. | New | 0.70% | +0.70 |
| COP Conocophillips | Add +46.5% | 3.94% | +0.70 |
| PRIM Primoris Services Corp. | New | 0.64% | +0.64 |
| PARR Par Pacific Holdings Inc. | New | 0.59% | +0.59 |
| JBHT Hunt (jb) Transprt SVCS Inc. | New | 0.45% | +0.45 |
| VRN Veren Inc. | Add +57.6% | 2.45% | +0.24 |
| PBR Petroleo Brasileiro-Spon ADR | Add +18.2% | 4.19% | +0.23 |
| NEXT Nextdecade Corp. | Add +116.8% | 1.45% | +0.20 |
| YPF YPF S.A.-Sponsored ADR | Add +17.4% | 1.42% | +0.15 |
| XPO Xpo Inc. | New | 0.09% | +0.09 |
| GOLDEN OCEAN GROUP LTD | New | 0.08% | +0.08 |
| AMPS Altus Power Inc. | Add +44.6% | 1.04% | +0.06 |
| SHLS Shoals Technologies Group -A | Add +26.1% | 1.29% | +0.03 |
| CDLR Cadeler A/S-ADR | Add +0.1% | 1.39% | +0.02 |
| HOS Hornbeck Offshore Services I | Add +16.2% | 1.33% | −0.04 |
| OKLO Oklo Inc. | Add +13.0% | 2.54% | −0.07 |
| TALO Talos Energy Inc. | Add +17.1% | 0.91% | −0.10 |
| KEX Kirby Corp. | Add +5.1% | 5.56% | −0.18 |
| NPWR Net Power Inc. | Add +20.3% | 0.86% | −0.25 |
| CIVI Civitas Resources Inc. | Add +13.8% | 2.31% | −0.76 |
| NFE New Fortress Energy Inc. | Add +35.6% | 2.88% | −2.82 |
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 |