SailingStone Capital Partners LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), SailingStone Capital Partners LLC reported 15 stock positions worth $402.5 million. Its top holding was Compass Minerals Internation (CMP) at 26.4% of the portfolio, followed by Ivanhoe Electric Inc. / US (IE, 15.0%) and Linde (LIN, 11.0%). Compared with Q3 2025, it sold out of 1, added to 8 and reduced 6. The biggest buy was Antero Resources (AR, shares +60%) and the biggest sale an exit from Mac Copper.
- Most Recent 13F
- Q2 2026
- Location
- Houston, TX
- CIK
- 0001608904
- Portfolio Value
- $402.5M (Q4 2025)
- SEC Filing
- 0001420506-26-000468 ↗ filed Feb 17, 2026
Holdings Value
Holdings 15 stocks · $402.5M
| CMP Compass Minerals Internation | 26.42% | 5,414,067 | $106.3M | Add +6.0% |
| IE Ivanhoe Electric Inc. / US | 15.01% | 3,781,417 | $60.4M | Reduce -27.0% |
| LIN Linde PLC | 11.04% | 104,245 | $44.4M | Add +45.2% |
| EPD Enterprise Products Partners | 9.17% | 1,150,631 | $36.9M | Add +18.7% |
| RRC Range Resources Corp. | 9.15% | 1,044,665 | $36.8M | Add +8.9% |
| AR Antero Resources Corp. | 7.44% | 869,229 | $30.0M | Add +60.0% |
| NRGV Energy Vault Holdings Inc. | 5.66% | 4,938,000 | $22.8M | Reduce -28.9% |
| WMB Williams Cos Inc. | 3.41% | 228,624 | $13.7M | Add +15.6% |
| CCJ Cameco Corp. | 3.12% | 100,025 | $12.6M | Reduce -38.6% |
| NTR Nutrien Ltd. | 2.63% | 171,619 | $10.6M | Add +147.7% |
| CEG Constellation Energy | 1.93% | 22,000 | $7.8M | Reduce -11.6% |
| HUBB Hubbell Inc. | 1.33% | 12,010 | $5.3M | Add +14.5% |
| MTRN Materion Corp. | 1.31% | 42,322 | $5.3M | Reduce -19.4% |
| SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE | 1.19% | 69,715 | $4.8M | Reduce -44.4% |
| MLM Martin Marietta Materials | 1.18% | 7,620 | $4.7M | No change |
Portfolio Sells Q3 2025 → Q4 2025
| MAC COPPER LTD | Sold out | 0.00% | −3.84 |
| IE Ivanhoe Electric Inc. / US | Reduce -27.0% | 15.01% | −2.00 |
| CCJ Cameco Corp. | Reduce -38.6% | 3.12% | −1.86 |
| MTRN Materion Corp. | Reduce -19.4% | 1.31% | −0.35 |
| SQM Quimica Y Minera Chil-SP ADR | Reduce -44.4% | 1.19% | −0.22 |
| CEG Constellation Energy | Reduce -11.6% | 1.93% | −0.21 |
| NRGV Energy Vault Holdings Inc. | Reduce -28.9% | 5.66% | +0.25 |
Portfolio Buys Q3 2025 → Q4 2025
| AR Antero Resources Corp. | Add +60.0% | 7.44% | +2.67 |
| LIN Linde PLC | Add +45.2% | 11.04% | +2.11 |
| NTR Nutrien Ltd. | Add +147.7% | 2.63% | +1.57 |
| EPD Enterprise Products Partners | Add +18.7% | 9.17% | +1.23 |
| CMP Compass Minerals Internation | Add +6.0% | 26.42% | +0.76 |
| HUBB Hubbell Inc. | Add +14.5% | 1.33% | +0.14 |
| WMB Williams Cos Inc. | Add +15.6% | 3.41% | +0.13 |
| RRC Range Resources Corp. | Add +8.9% | 9.15% | −0.30 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 18 | $534.0M | CMP, RRC, LIN, AR, EPD |
| Q1 2026 | 17 | $440.3M | CMP, LIN, RRC, EPD, IE |
| Q4 2025 | 15 | $402.5M | CMP, IE, LIN, EPD, RRC |
| Q3 2025 | 16 | $381.9M | CMP, IE, RRC, LIN, EPD |
| Q2 2025 | 16 | $378.5M | CMP, IE, MAC COPPER LTD, LIN, EPD |
| Q1 2025 | 12 | $269.5M | CMP, IE, RRC, MAC COPPER LTD, AR |
| Q4 2024 | 11 | $301.5M | CMP, IE, RRC, AR, MAC COPPER LTD |
| Q3 2024 | 14 | $318.2M | CMP, IE, MAC COPPER LTD, RRC, AR |
| Q2 2024 | 14 | $282.4M | IE, RRC, AR, MAC COPPER LTD, LIN |
| Q1 2024 | 14 | $275.6M | IE, AR, RRC, MAC COPPER LTD, EPD |