Ninepoint Partners LP

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 5, 2025), Ninepoint Partners LP reported 85 stock positions worth $516.7 million. Its top holding was Expand Energy (EXE) at 18.1% of the portfolio, followed by Eqt (EQT, 18.1%) and Range Resources (RRC, 11.8%). Compared with Q1 2025, it opened 10 new positions, sold out of 15, added to 26 and reduced 25. The biggest buy was a new position in Range Resources (RRC) and the biggest sale Canadian Natural Resources (CNQ, shares −97%).

Most Recent 13F
Q2 2026
Location
TORONTO, A6
CIK
0001715635
Portfolio Value
$516.7M (Q2 2025)
SEC Filing
0001715635-25-000004 ↗ filed Aug 5, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $789.3M Q1 2024 Q2 2024: $930.4M Q2 2024 Q3 2024: $761.8M Q3 2024 Q4 2024: $629.4M Q4 2024 Q1 2025: $569.5M Q1 2025 Q2 2025: $516.7M $516.7M Q2 2025 Q3 2025: $724.5M Q3 2025 Q4 2025: $842.5M Q4 2025 Q1 2026: $845.8M Q1 2026 Q2 2026: $1.1B Q2 2026

Holdings 85 stocks · $516.7M
EXE Expand Energy Corp. 18.10% 800,000 $93.6M No change
EQT Eqt Corp. 18.06% 1,600,000 $93.3M Add +6.7%
RRC Range Resources Corp. 11.81% 1,500,000 $61.0M New
AR Antero Resources Corp. 10.91% 1,400,000 $56.4M Add +180.0%
SPY SS SPDR S&P 500 ETF Trust-US 6.24% 52,200 $32.3M Reduce -4.9%
ALG Alamo Group Inc. 1.70% 330,000 $8.8M Add +43.5%
KGC Kinross Gold Corp. 1.61% 531,820 $8.3M No change
CVE Cenovus Energy Inc. 1.58% 600,000 $8.2M Reduce -40.0%
SOBO South Bow Corp. 1.50% 300,000 $7.8M New
AEM Agnico Eagle Mines Ltd. 1.47% 63,677 $7.6M No change
CHRD Chord Energy Corp. 0.94% 50,000 $4.8M Reduce -54.5%
PR Permian Resources Corp. Class A 0.92% 350,000 $4.8M Reduce -12.5%
ENB Enbridge Inc. 0.91% 103,359 $4.7M Reduce -1.9%
NOG Northern Oil and Gas Inc. 0.82% 150,000 $4.3M Reduce -25.0%
CNL Collective Mining Ltd. 0.82% 385,000 $4.2M Reduce -6.1%
VZLA Vizsla Silver Corp. 0.80% 1,401,925 $4.1M Add +19.9%
MFC Manulife Financial Corp. 0.78% 125,790 $4.0M Add +20.8%
VNOM Viper Energy Inc. 0.74% 100,000 $3.8M No change
CCJ Cameco Corp. 0.72% 50,000 $3.7M No change
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM 0.67% 48,855 $3.5M Reduce -2.7%
RY Royal Bank of Canada 0.66% 26,061 $3.4M Reduce -0.3%
NVDA Nvidia Corp. 0.65% 21,106 $3.3M Add +23.9%
SLF Sun Life Financial Inc. 0.63% 48,653 $3.2M Reduce -22.7%
MSFT Microsoft Corp. 0.62% 6,396 $3.2M Add +0.3%
TU Telus Corp. 0.60% 191,881 $3.1M Reduce -3.5%
IAG Iamgold Corp. 0.60% 418,900 $3.1M No change
SU Suncor Energy Inc. 0.59% 80,995 $3.0M Add +5.6%
FTS Fortis Inc. 0.56% 61,034 $2.9M Reduce -10.8%
CNQ Canadian Natural Resources 0.55% 90,334 $2.8M Reduce -97.1%
NXE Nexgen Energy Ltd. 0.51% 380,000 $2.6M No change
FCX Freeport-McMoran Inc. 0.50% 60,000 $2.6M Add +9.1%
AMT American Tower Corp. 0.50% 11,742 $2.6M No change
WCN Waste Connections Inc. 0.43% 11,970 $2.2M No change
WPM Wheaton Precious Metals Corp. 0.42% 24,391 $2.2M No change
TRP TC Energy Corp. 0.42% 44,738 $2.2M No change
COIN Coinbase Global Inc. Class A 0.42% 6,170 $2.2M Reduce -16.3%
UNP Union Pacific Corp. 0.39% 8,681 $2.0M Add +11.2%
SBAC SBA Communications Corp. 0.39% 8,489 $2.0M No change
TLN Talen Energy Corp. 0.37% 6,649 $1.9M Reduce -11.1%
CEG Constellation Energy 0.34% 5,430 $1.8M New
AVGO Broadcom Inc. 0.32% 6,044 $1.7M Add +12.0%
TRGP Targa Resources Corp. 0.30% 8,814 $1.5M Add +14.6%
LNG Cheniere Energy Inc. 0.30% 6,291 $1.5M Reduce -6.8%
CP Canadian Pacific Kansas City 0.29% 19,165 $1.5M No change
DUK Duke Energy Corp. 0.29% 12,573 $1.5M Add +4.3%
AEP American Electric Power 0.29% 14,288 $1.5M Add +8.2%
PPL PPL Corp. 0.28% 43,164 $1.5M Add +13.1%
NI Nisource Inc. 0.28% 36,066 $1.5M Reduce -7.3%
HOOD Robinhood Markets Inc. Class A 0.28% 15,529 $1.5M Add +25.6%
CMS CMS Energy Corp. 0.28% 20,748 $1.4M Add +6.7%
ERO Ero Copper Corp. 0.28% 85,000 $1.4M No change
ET Energy Transfer LP 0.28% 78,832 $1.4M No change
EQIX Equinix Inc. 0.27% 1,779 $1.4M Add +3.5%
PAAS Pan American Silver Corp. 0.26% 47,655 $1.4M No change
AEE Ameren Corporation 0.26% 13,975 $1.3M No change
PYPL PayPal Holdings Inc. 0.24% 16,658 $1.2M Reduce -14.1%
JPM JPMorgan Chase & Co. 0.22% 3,946 $1.1M Add +2.3%
ORCL Oracle Corp. 0.22% 5,193 $1.1M New
META Meta Platforms Inc. Class A 0.21% 1,479 $1.1M Add +3.8%
AMZN Amazon.com Inc. 0.19% 4,532 $994K Add +7.5%
GOOG Alphabet Inc. Class C 0.19% 5,575 $989K Add +10.2%
V Visa Inc. Class A 0.19% 2,777 $986K Reduce -6.7%
RBLX Roblox Corp. Class A 0.19% 9,356 $984K No change
WMT Walmart Inc. 0.18% 9,689 $947K Add +3.4%
COST Costco Wholesale Corp. 0.17% 908 $899K Add +3.5%
GS Goldman Sachs Group Inc. 0.16% 1,204 $852K Reduce -4.8%
APH Amphenol Corp. Class A 0.16% 8,622 $851K New
BSX Boston Scientific Corp. 0.16% 7,502 $806K Reduce -7.1%
HUT Hut 8 Corp. 0.15% 42,798 $796K No change
MA Mastercard Inc. Class A 0.15% 1,388 $780K Add +9.5%
UEC Uranium Energy Corp. 0.15% 112,625 $766K No change
BLK BlackRock Inc. 0.15% 729 $765K No change
GEV GE Vernova Inc. 0.15% 1,444 $764K Reduce -38.2%
AMD Advanced Micro Devices 0.15% 5,328 $756K Add +40.8%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.14% 6,020 $743K Reduce -2.9%
ETN Eaton Corp. PLC 0.14% 2,082 $743K New
SAP Sap SE-Sponsored ADR 0.14% 2,410 $733K New
DELL Dell Technologies -C 0.14% 5,777 $708K New
TMUS T-Mobile US Inc. 0.13% 2,853 $680K No change
CME Cme Group Inc. 0.11% 2,120 $584K No change
DNN Denison Mines Corp. 0.08% 235,000 $428K No change
MAG Mag Silver Corp. 0.07% 18,000 $380K Reduce -58.1%
EQX Equinox Gold Corp. 0.07% 47,945 $377K New
CRCL Circle Internet Group Inc. 0.05% 1,500 $272K New
AAPL Apple Inc. 0.03% 734 $151K Reduce -84.3%

Options reported separately and not counted above: ISHARES TR puts ($53.0M), STATE STR SPDR S&P 500 ETF T puts ($37.7M).

Portfolio Sells Q1 2025 → Q2 2025
CNQ Canadian Natural Resources Reduce -97.1% 0.55% −16.16
VRN Veren Inc. Sold out 0.00% −10.11
GFR Greenfire Resources Ltd. Sold out 0.00% −2.06
CHRD Chord Energy Corp. Reduce -54.5% 0.94% −1.24
BTE Baytex Energy Corp. Sold out 0.00% −1.10
CIVI Civitas Resources Inc. Sold out 0.00% −1.04
CVE Cenovus Energy Inc. Reduce -40.0% 1.58% −0.86
DVN Devon Energy Corp. Sold out 0.00% −0.66
SO The Southern Co. Sold out 0.00% −0.25
PEG Public Service Enterprise GP Sold out 0.00% −0.24
NOG Northern Oil and Gas Inc. Reduce -25.0% 0.82% −0.24
NSC Norfolk Southern Corp. Sold out 0.00% −0.22
ABBV Abbvie Inc. Sold out 0.00% −0.18
LLY Eli Lilly & Co. Sold out 0.00% −0.16
AAPL Apple Inc. Reduce -84.3% 0.03% −0.15
HWM Howmet Aerospace Inc. Sold out 0.00% −0.13
XYZ Block Inc. Sold out 0.00% −0.13
C Citigroup Inc. Sold out 0.00% −0.13
HD Home Depot Inc. Sold out 0.00% −0.12
BAC Bank of America Corp. Sold out 0.00% −0.12
PR Permian Resources Corp. Class A Reduce -12.5% 0.92% −0.05
MAG Mag Silver Corp. Reduce -58.1% 0.07% −0.04
SLF Sun Life Financial Inc. Reduce -22.7% 0.63% −0.01
NI Nisource Inc. Reduce -7.3% 0.28% +0.01
V Visa Inc. Class A Reduce -6.7% 0.19% +0.01
TJX TJX Companies Inc. Reduce -2.9% 0.14% +0.01
BSX Boston Scientific Corp. Reduce -7.1% 0.16% +0.01
FTS Fortis Inc. Reduce -10.8% 0.56% +0.02
PYPL PayPal Holdings Inc. Reduce -14.1% 0.24% +0.02
LNG Cheniere Energy Inc. Reduce -6.8% 0.30% +0.02
GEV GE Vernova Inc. Reduce -38.2% 0.15% +0.02
GS Goldman Sachs Group Inc. Reduce -4.8% 0.16% +0.04
ENB Enbridge Inc. Reduce -1.9% 0.91% +0.09
TU Telus Corp. Reduce -3.5% 0.60% +0.10
TLN Talen Energy Corp. Reduce -11.1% 0.37% +0.11
RY Royal Bank of Canada Reduce -0.3% 0.66% +0.15
CM Can Imperial BK of Commerce Reduce -2.7% 0.67% +0.17
CNL Collective Mining Ltd. Reduce -6.1% 0.82% +0.19
COIN Coinbase Global Inc. Class A Reduce -16.3% 0.42% +0.20
SPY SS SPDR S&P 500 ETF Trust-US Reduce -4.9% 6.24% +0.85

Portfolio Buys Q1 2025 → Q2 2025
RRC Range Resources Corp. New 11.81% +11.81
AR Antero Resources Corp. Add +180.0% 10.91% +7.36
EQT Eqt Corp. Add +6.7% 18.06% +3.99
SOBO South Bow Corp. New 1.50% +1.50
ALG Alamo Group Inc. Add +43.5% 1.70% +0.62
CEG Constellation Energy New 0.34% +0.34
VZLA Vizsla Silver Corp. Add +19.9% 0.80% +0.33
NVDA Nvidia Corp. Add +23.9% 0.65% +0.32
ORCL Oracle Corp. New 0.22% +0.22
MFC Manulife Financial Corp. Add +20.8% 0.78% +0.21
MSFT Microsoft Corp. Add +0.3% 0.62% +0.20
HOOD Robinhood Markets Inc. Class A Add +25.6% 0.28% +0.19
APH Amphenol Corp. Class A New 0.16% +0.16
AVGO Broadcom Inc. Add +12.0% 0.32% +0.16
ETN Eaton Corp. PLC New 0.14% +0.14
SAP Sap SE-Sponsored ADR New 0.14% +0.14
FCX Freeport-McMoran Inc. Add +9.1% 0.50% +0.14
DELL Dell Technologies -C New 0.14% +0.14
AMD Advanced Micro Devices Add +40.8% 0.15% +0.08
EQX Equinox Gold Corp. New 0.07% +0.07
META Meta Platforms Inc. Class A Add +3.8% 0.21% +0.07
SU Suncor Energy Inc. Add +5.6% 0.59% +0.07
UNP Union Pacific Corp. Add +11.2% 0.39% +0.06
JPM JPMorgan Chase & Co. Add +2.3% 0.22% +0.06
GOOG Alphabet Inc. Class C Add +10.2% 0.19% +0.05
CRCL Circle Internet Group Inc. New 0.05% +0.05
AMZN Amazon.com Inc. Add +7.5% 0.19% +0.05
PPL PPL Corp. Add +13.1% 0.28% +0.04
WMT Walmart Inc. Add +3.4% 0.18% +0.04
AEP American Electric Power Add +8.2% 0.29% +0.03
DUK Duke Energy Corp. Add +4.3% 0.29% +0.03
MA Mastercard Inc. Class A Add +9.5% 0.15% +0.03
COST Costco Wholesale Corp. Add +3.5% 0.17% +0.03
EQIX Equinix Inc. Add +3.5% 0.27% +0.03
TRGP Targa Resources Corp. Add +14.6% 0.30% +0.03
CMS CMS Energy Corp. Add +6.7% 0.28% +0.02

Options Activity Q1 2025 → Q2 2025
ISHARES TR put New 600,000 $53.0M
STATE STR SPDR S&P 500 ETF T put Add +6.1% 61,000 $37.7M

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 162$1.1BSU, CVE, DVN, FANG, BTE
Q1 2026 147$845.8MSU, CVE, RIG, PARR, CCJ
Q4 2025 158$842.5MEXE, AR, CVE, EQT, VNOM
Q3 2025 132$724.5MEXE, AR, RRC, EQT, CVE
Q2 2025 85$516.7MEXE, EQT, RRC, AR, SPY
Q1 2025 90$569.5MCNQ, EXE, EQT, VRN, SPY
Q4 2024 87$629.4MVRN, BTE, CNQ, SU, EXE
Q3 2024 83$761.8MCVE, CNQ, BTE, VRN, PDS
Q2 2024 99$930.4MCVE, BTE, VRN, CNQ, PDS
Q1 2024 94$789.3MCRESCENT PT ENERGY CORP, BTE, CVE, PDS, SU