Ninepoint Partners LP
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 10, 2025), Ninepoint Partners LP reported 87 stock positions worth $629.4 million. Its top holding was Veren (VRN) at 17.2% of the portfolio, followed by Baytex Energy (BTE, 9.3%) and Canadian Natural Resources (CNQ, 9.2%). Compared with Q3 2024, it opened 13 new positions, sold out of 9, added to 38 and reduced 21. The biggest buy was Suncor Energy (SU, shares +2030%) and the biggest sale Cenovus Energy (CVE, shares −87%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001715635
- Portfolio Value
- $629.4M (Q4 2024)
- SEC Filing
- 0001715635-25-000001 ↗ filed Feb 10, 2025
Holdings Value
Holdings 87 stocks · $629.4M
| VRN Veren Inc. | 17.23% | 21,100,000 | $108.5M | Add +16.6% |
| BTE Baytex Energy Corp. | 9.35% | 22,800,000 | $58.8M | Reduce -41.2% |
| CNQ Canadian Natural Resources | 9.25% | 1,885,899 | $58.2M | Reduce -47.7% |
| SU Suncor Energy Inc. | 8.92% | 1,573,648 | $56.1M | Add +2030.3% |
| EXE Expand Energy Corp. | 6.33% | 400,000 | $39.8M | New |
| PDS Precision Drilling Corp. | 5.82% | 600,000 | $36.6M | Reduce -47.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 5.26% | 56,500 | $33.1M | Reduce -7.4% |
| EQT Eqt Corp. | 3.66% | 500,000 | $23.1M | New |
| ARCH Arch Resources Inc. | 3.37% | 150,000 | $21.2M | New |
| CVE Cenovus Energy Inc. | 2.41% | 1,000,000 | $15.2M | Reduce -86.7% |
| DVN Devon Energy Corp. | 2.34% | 450,000 | $14.7M | Add +12.5% |
| GFR Greenfire Resources Ltd. | 2.24% | 2,000,000 | $14.1M | Reduce -28.6% |
| CHRD Chord Energy Corp. | 2.04% | 110,000 | $12.9M | Add +15.8% |
| PR Permian Resources Corp. Class A | 1.64% | 719,200 | $10.3M | Reduce -10.1% |
| OVV Ovintiv Inc. | 1.45% | 225,000 | $9.1M | Add +16.9% |
| CIVI Civitas Resources Inc. | 1.24% | 170,000 | $7.8M | No change |
| NOG Northern Oil and Gas Inc. | 1.18% | 200,000 | $7.4M | New |
| ENB Enbridge Inc. | 0.72% | 107,342 | $4.6M | Add +3.6% |
| SLF Sun Life Financial Inc. | 0.57% | 60,385 | $3.6M | Add +8.3% |
| NVDA Nvidia Corp. | 0.55% | 25,691 | $3.5M | Reduce -0.3% |
| MFC Manulife Financial Corp. | 0.48% | 97,373 | $3.0M | Reduce -15.7% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 0.47% | 55,356 | $3.0M | New |
| RY Royal Bank of Canada | 0.47% | 24,623 | $3.0M | Reduce -7.0% |
| MSFT Microsoft Corp. | 0.46% | 6,909 | $2.9M | Reduce -17.2% |
| FTS Fortis Inc. | 0.45% | 67,467 | $2.8M | Reduce -0.9% |
| COIN Coinbase Global Inc. Class A | 0.42% | 10,610 | $2.6M | Reduce -4.5% |
| TU Telus Corp. | 0.41% | 192,352 | $2.6M | Add +3.5% |
| CNL Collective Mining Ltd. | 0.38% | 575,000 | $2.4M | New |
| NXE Nexgen Energy Ltd. | 0.37% | 355,000 | $2.3M | New |
| UNP Union Pacific Corp. | 0.37% | 10,246 | $2.3M | Add +7.8% |
| PWR Quanta Services Inc. | 0.32% | 6,412 | $2.0M | Add +1.2% |
| WCN Waste Connections Inc. | 0.32% | 11,589 | $2.0M | Add +16.0% |
| PYPL PayPal Holdings Inc. | 0.28% | 20,961 | $1.8M | No change |
| AMT American Tower Corp. | 0.28% | 9,724 | $1.8M | Add +6.7% |
| DNN Denison Mines Corp. | 0.26% | 900,000 | $1.6M | New |
| EQIX Equinix Inc. | 0.26% | 1,703 | $1.6M | No change |
| ET Energy Transfer LP | 0.25% | 78,832 | $1.5M | Add +30.9% |
| HUT Hut 8 Corp. | 0.24% | 74,850 | $1.5M | Add +24.4% |
| LNG Cheniere Energy Inc. | 0.23% | 6,753 | $1.5M | Add +18.6% |
| NI Nisource Inc. | 0.23% | 38,901 | $1.4M | No change |
| NEE Nextera Energy Inc. | 0.22% | 19,598 | $1.4M | Add +12.3% |
| CP Canadian Pacific Kansas City | 0.22% | 19,165 | $1.4M | Add +41.5% |
| AAPL Apple Inc. | 0.22% | 5,511 | $1.4M | Add +16.8% |
| TRGP Targa Resources Corp. | 0.22% | 7,691 | $1.4M | Add +5.8% |
| TLN Talen Energy Corp. | 0.21% | 6,699 | $1.3M | New |
| DLR Digital Realty Trust Inc. | 0.21% | 7,530 | $1.3M | Add +7.3% |
| SBAC SBA Communications Corp. | 0.21% | 6,508 | $1.3M | Add +21.0% |
| VST Vistra Corp. | 0.21% | 9,457 | $1.3M | Reduce -54.1% |
| SRE Sempra | 0.21% | 14,731 | $1.3M | Add +6.5% |
| OKE Oneok Inc. | 0.20% | 12,812 | $1.3M | Add +9.3% |
| PEG Public Service Enterprise GP | 0.20% | 14,786 | $1.2M | Add +14.1% |
| AEE Ameren Corporation | 0.20% | 13,975 | $1.2M | Add +12.3% |
| PPL PPL Corp. | 0.20% | 38,168 | $1.2M | Add +16.6% |
| CMS CMS Energy Corp. | 0.20% | 18,535 | $1.2M | Add +20.2% |
| AMZN Amazon.com Inc. | 0.20% | 5,625 | $1.2M | Reduce -1.1% |
| AEP American Electric Power | 0.19% | 13,204 | $1.2M | Add +27.5% |
| SO The Southern Co. | 0.19% | 14,710 | $1.2M | Add +24.8% |
| DUK Duke Energy Corp. | 0.19% | 11,234 | $1.2M | Add +23.4% |
| CEG Constellation Energy | 0.19% | 5,358 | $1.2M | Add +1.3% |
| WM Waste Management Inc. | 0.19% | 5,904 | $1.2M | New |
| XYZ Block Inc. | 0.18% | 13,695 | $1.2M | No change |
| COST Costco Wholesale Corp. | 0.16% | 1,095 | $1.0M | Reduce -6.8% |
| AVGO Broadcom Inc. | 0.16% | 4,312 | $1000K | Reduce -18.0% |
| GOOG Alphabet Inc. Class C | 0.16% | 5,242 | $998K | Add +632.1% |
| V Visa Inc. Class A | 0.16% | 3,109 | $983K | Add +20.1% |
| JPM JPMorgan Chase & Co. | 0.15% | 4,050 | $971K | Add +3.3% |
| WMT Walmart Inc. | 0.15% | 10,438 | $943K | Reduce -11.0% |
| META Meta Platforms Inc. Class A | 0.15% | 1,601 | $937K | Add +1.8% |
| LLY Eli Lilly & Co. | 0.14% | 1,179 | $910K | Add +31.3% |
| NOW ServiceNow Inc. | 0.14% | 838 | $888K | No change |
| ORCL Oracle Corp. | 0.13% | 5,086 | $848K | Add +20.3% |
| BLK BlackRock Inc. | 0.13% | 823 | $844K | No change |
| GS Goldman Sachs Group Inc. | 0.13% | 1,432 | $820K | No change |
| BSX Boston Scientific Corp. | 0.12% | 8,804 | $786K | No change |
| HWM Howmet Aerospace Inc. | 0.12% | 6,931 | $758K | Reduce -5.4% |
| APH Amphenol Corp. Class A | 0.12% | 10,881 | $756K | No change |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.12% | 6,199 | $749K | No change |
| HUBB Hubbell Inc. | 0.11% | 1,699 | $712K | New |
| SPGI S&P Global Inc. | 0.11% | 1,406 | $700K | No change |
| TMUS T-Mobile US Inc. | 0.11% | 3,157 | $697K | Reduce -11.3% |
| MA Mastercard Inc. Class A | 0.11% | 1,268 | $668K | Reduce -16.0% |
| XOM Exxon Mobil Corp. | 0.11% | 6,203 | $667K | Add +3.8% |
| ICE Intercontinental Exchange Inc. | 0.11% | 4,438 | $661K | No change |
| RBLX Roblox Corp. Class A | 0.09% | 9,356 | $541K | New |
| CME Cme Group Inc. | 0.08% | 2,120 | $492K | No change |
| SOBO South Bow Corp. | 0.07% | 20,000 | $471K | New |
| AMD Advanced Micro Devices | 0.07% | 3,783 | $457K | No change |
Options reported separately and not counted above: STATE STR SPDR S&P 500 ETF T puts ($33.1M), ISHARES TR puts ($26.2M).
Portfolio Sells Q3 2024 → Q4 2024
| CVE Cenovus Energy Inc. | Reduce -86.7% | 2.41% | −14.06 |
| CNQ Canadian Natural Resources | Reduce -47.7% | 9.25% | −6.46 |
| BTE Baytex Energy Corp. | Reduce -41.2% | 9.35% | −5.78 |
| PDS Precision Drilling Corp. | Reduce -47.8% | 5.82% | −3.48 |
| VNOM Viper Energy Inc. | Sold out | 0.00% | −1.39 |
| GFR Greenfire Resources Ltd. | Reduce -28.6% | 2.24% | −0.49 |
| TD Toronto-Dominion Bank | Sold out | 0.00% | −0.43 |
| CM Can Imperial BK of Commerce | Sold out | 0.00% | −0.43 |
| PBA Pembina Pipeline Corp. | Sold out | 0.00% | −0.14 |
| D Dominion Energy Inc. | Sold out | 0.00% | −0.14 |
| VST Vistra Corp. | Reduce -54.1% | 0.21% | −0.11 |
| TDG Transdigm Group Inc. | Sold out | 0.00% | −0.10 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.09 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.06 |
| ROBLOX CORP CLASS A | Sold out | 0.00% | −0.05 |
| MSFT Microsoft Corp. | Reduce -17.2% | 0.46% | −0.01 |
| MA Mastercard Inc. Class A | Reduce -16.0% | 0.11% | +0.01 |
| TMUS T-Mobile US Inc. | Reduce -11.3% | 0.11% | +0.01 |
| COST Costco Wholesale Corp. | Reduce -6.8% | 0.16% | +0.02 |
| HWM Howmet Aerospace Inc. | Reduce -5.4% | 0.12% | +0.02 |
| WMT Walmart Inc. | Reduce -11.0% | 0.15% | +0.03 |
| MFC Manulife Financial Corp. | Reduce -15.7% | 0.48% | +0.03 |
| RY Royal Bank of Canada | Reduce -7.0% | 0.47% | +0.04 |
| FTS Fortis Inc. | Reduce -0.9% | 0.45% | +0.04 |
| AVGO Broadcom Inc. | Reduce -18.0% | 0.16% | +0.04 |
| AMZN Amazon.com Inc. | Reduce -1.1% | 0.20% | +0.06 |
| NVDA Nvidia Corp. | Reduce -0.3% | 0.55% | +0.14 |
| COIN Coinbase Global Inc. Class A | Reduce -4.5% | 0.42% | +0.16 |
| PR Permian Resources Corp. Class A | Reduce -10.1% | 1.64% | +0.21 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -7.4% | 5.26% | +0.67 |
Portfolio Buys Q3 2024 → Q4 2024
| SU Suncor Energy Inc. | Add +2030.3% | 8.92% | +8.56 |
| EXE Expand Energy Corp. | New | 6.33% | +6.33 |
| EQT Eqt Corp. | New | 3.66% | +3.66 |
| ARCH Arch Resources Inc. | New | 3.37% | +3.37 |
| VRN Veren Inc. | Add +16.6% | 17.23% | +2.62 |
| NOG Northern Oil and Gas Inc. | New | 1.18% | +1.18 |
| OVV Ovintiv Inc. | Add +16.9% | 1.45% | +0.48 |
| BNS Bank of Nova Scotia | New | 0.47% | +0.47 |
| CHRD Chord Energy Corp. | Add +15.8% | 2.04% | +0.42 |
| CNL Collective Mining Ltd. | New | 0.38% | +0.38 |
| NXE Nexgen Energy Ltd. | New | 0.37% | +0.37 |
| DVN Devon Energy Corp. | Add +12.5% | 2.34% | +0.29 |
| DNN Denison Mines Corp. | New | 0.26% | +0.26 |
| TLN Talen Energy Corp. | New | 0.21% | +0.21 |
| WM Waste Management Inc. | New | 0.19% | +0.19 |
| ENB Enbridge Inc. | Add +3.6% | 0.72% | +0.17 |
| HUT Hut 8 Corp. | Add +24.4% | 0.24% | +0.15 |
| SLF Sun Life Financial Inc. | Add +8.3% | 0.57% | +0.14 |
| GOOG Alphabet Inc. Class C | Add +632.1% | 0.16% | +0.14 |
| ET Energy Transfer LP | Add +30.9% | 0.25% | +0.12 |
| HUBB Hubbell Inc. | New | 0.11% | +0.11 |
| LNG Cheniere Energy Inc. | Add +18.6% | 0.23% | +0.10 |
| RBLX Roblox Corp. Class A | New | 0.09% | +0.09 |
| WCN Waste Connections Inc. | Add +16.0% | 0.32% | +0.08 |
| TRGP Targa Resources Corp. | Add +5.8% | 0.22% | +0.08 |
| AAPL Apple Inc. | Add +16.8% | 0.22% | +0.07 |
| SOBO South Bow Corp. | New | 0.07% | +0.07 |
| PWR Quanta Services Inc. | Add +1.2% | 0.32% | +0.07 |
| CP Canadian Pacific Kansas City | Add +41.5% | 0.22% | +0.07 |
| OKE Oneok Inc. | Add +9.3% | 0.20% | +0.06 |
| UNP Union Pacific Corp. | Add +7.8% | 0.37% | +0.06 |
| DLR Digital Realty Trust Inc. | Add +7.3% | 0.21% | +0.06 |
| V Visa Inc. Class A | Add +20.1% | 0.16% | +0.06 |
| AEE Ameren Corporation | Add +12.3% | 0.20% | +0.06 |
| PPL PPL Corp. | Add +16.6% | 0.20% | +0.05 |
| DUK Duke Energy Corp. | Add +23.4% | 0.19% | +0.05 |
| AEP American Electric Power | Add +27.5% | 0.19% | +0.05 |
| SRE Sempra | Add +6.5% | 0.21% | +0.05 |
| CMS CMS Energy Corp. | Add +20.2% | 0.20% | +0.05 |
| SO The Southern Co. | Add +24.8% | 0.19% | +0.05 |
| PEG Public Service Enterprise GP | Add +14.1% | 0.20% | +0.05 |
| JPM JPMorgan Chase & Co. | Add +3.3% | 0.15% | +0.05 |
| SBAC SBA Communications Corp. | Add +21.0% | 0.21% | +0.04 |
| LLY Eli Lilly & Co. | Add +31.3% | 0.14% | +0.04 |
| ORCL Oracle Corp. | Add +20.3% | 0.13% | +0.04 |
| META Meta Platforms Inc. Class A | Add +1.8% | 0.15% | +0.03 |
| NEE Nextera Energy Inc. | Add +12.3% | 0.22% | +0.03 |
| XOM Exxon Mobil Corp. | Add +3.8% | 0.11% | +0.01 |
| CEG Constellation Energy | Add +1.3% | 0.19% | +0.01 |
| AMT American Tower Corp. | Add +6.7% | 0.28% | +0.01 |
Options Activity Q3 2024 → Q4 2024
| ISHARES TR | call | Sold out | 1,200,000 | $117.7Mbefore exit |
| STATE STR SPDR S&P 500 ETF T | put | Reduce -7.4% | 56,500 | $33.1M |
| ISHARES TR | put | New | 300,000 | $26.2M |
| ISHARES TR | put | Sold out | 100,000 | $8.0Mbefore 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 | 162 | $1.1B | SU, CVE, DVN, FANG, BTE |
| Q1 2026 | 147 | $845.8M | SU, CVE, RIG, PARR, CCJ |
| Q4 2025 | 158 | $842.5M | EXE, AR, CVE, EQT, VNOM |
| Q3 2025 | 132 | $724.5M | EXE, AR, RRC, EQT, CVE |
| Q2 2025 | 85 | $516.7M | EXE, EQT, RRC, AR, SPY |
| Q1 2025 | 90 | $569.5M | CNQ, EXE, EQT, VRN, SPY |
| Q4 2024 | 87 | $629.4M | VRN, BTE, CNQ, SU, EXE |
| Q3 2024 | 83 | $761.8M | CVE, CNQ, BTE, VRN, PDS |
| Q2 2024 | 99 | $930.4M | CVE, BTE, VRN, CNQ, PDS |
| Q1 2024 | 94 | $789.3M | CRESCENT PT ENERGY CORP, BTE, CVE, PDS, SU |