SCP Investment, LP
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 9, 2025), SCP Investment, LP reported 46 stock positions worth $117.3 million. Its top holding was RH (RH) at 19.0% of the portfolio, followed by Caesars Entertainment (CZR, 13.1%) and Gogo (GOGO, 11.4%). Compared with Q4 2024, it opened 14 new positions, sold out of 16, added to 12 and reduced 12. The biggest buy was Gogo (GOGO, shares +7%) and the biggest sale Alphabet Class A (GOOGL, shares −29%).
- Most Recent 13F
- Q2 2026
- Location
- ORINDA, CA
- CIK
- 0001730961
- Portfolio Value
- $117.3M (Q1 2025)
- SEC Filing
- 0001104659-25-046286 ↗ filed May 9, 2025
Holdings Value
Holdings 46 stocks · $117.3M
| RH RH | 18.98% | 95,000 | $22.3M | Add +26.7% |
| CZR Caesars Entertainment Inc. | 13.11% | 615,000 | $15.4M | No change |
| GOGO Gogo Inc. | 11.39% | 1,550,000 | $13.4M | Add +6.9% |
| LINE Lineage Inc. | 9.00% | 180,000 | $10.6M | No change |
| UBER Uber Technologies Inc. | 8.39% | 135,000 | $9.8M | No change |
| GOOGL Alphabet Inc. Class A | 8.24% | 62,500 | $9.7M | Reduce -28.6% |
| COP Conocophillips | 2.30% | 25,668 | $2.7M | Reduce -31.9% |
| AAPL Apple Inc. | 1.89% | 10,000 | $2.2M | No change |
| FSLR First Solar Inc. | 1.69% | 15,688 | $2.0M | Add +15.4% |
| CVX Chevron Corp. | 1.65% | 11,600 | $1.9M | Add +314.3% |
| VNOM Viper Energy Inc. | 1.61% | 41,800 | $1.9M | Add +287.0% |
| FTI Technipfmc PLC | 1.50% | 55,600 | $1.8M | Add +69.5% |
| TRGP Targa Resources Corp. | 1.48% | 8,688 | $1.7M | Add +210.3% |
| PR Permian Resources Corp. Class A | 1.38% | 116,800 | $1.6M | Reduce -1.7% |
| GOOS Canada Goose Holdings Inc. | 1.36% | 200,000 | $1.6M | No change |
| NEE Nextera Energy Inc. | 1.14% | 18,800 | $1.3M | New |
| ET Energy Transfer LP | 1.07% | 67,800 | $1.3M | Add +153.0% |
| SHEL Shell PLC-ADR | 0.99% | 15,800 | $1.2M | Reduce -43.2% |
| AMARIN CORP PLC | 0.95% | 2,500,000 | $1.1M | No change |
| FANG Diamondback Energy Inc. | 0.93% | 6,808 | $1.1M | No change |
| PEG Public Service Enterprise GP | 0.87% | 12,400 | $1.0M | New |
| PWR Quanta Services Inc. | 0.82% | 3,800 | $966K | New |
| SO The Southern Co. | 0.77% | 9,800 | $901K | New |
| NXT Nextpower Inc. filed as NEXTRACKER INC | 0.70% | 19,600 | $826K | New |
| CNQ Canadian Natural Resources | 0.65% | 24,800 | $764K | Reduce -7.5% |
| EQT Eqt Corp. | 0.62% | 13,600 | $727K | Add +54.5% |
| LNG Cheniere Energy Inc. | 0.55% | 2,800 | $648K | No change |
| XEL Xcel Energy Inc. | 0.53% | 8,800 | $623K | New |
| HAL Halliburton Co. | 0.51% | 23,600 | $599K | New |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.49% | 13,800 | $577K | Reduce -68.5% |
| XOM Exxon Mobil Corp. | 0.49% | 4,800 | $571K | Reduce -45.5% |
| DVN Devon Energy Corp. | 0.41% | 12,800 | $479K | New |
| GTLS Chart Industries Inc. | 0.41% | 3,300 | $476K | Add +17.9% |
| BKR Baker Hughes Co. | 0.40% | 10,800 | $475K | Add +12.5% |
| SU Suncor Energy Inc. | 0.39% | 11,800 | $457K | Reduce -52.4% |
| BP BP PLC-Spons ADR | 0.37% | 12,800 | $433K | Reduce -31.9% |
| PARR Par Pacific Holdings Inc. | 0.35% | 28,800 | $411K | New |
| NRG NRG Energy Inc. | 0.31% | 3,800 | $363K | New |
| ARRY Array Technologies Inc. | 0.24% | 58,800 | $286K | Add +182.7% |
| FLNC Fluence Energy Inc. | 0.24% | 58,800 | $285K | Reduce -4.2% |
| PAAS Pan American Silver Corp. | 0.22% | 9,800 | $253K | New |
| BE Bloom Energy Corp. Class A | 0.21% | 12,808 | $252K | New |
| PTEN Patterson-Uti Energy Inc. | 0.20% | 28,000 | $230K | New |
| CDE Coeur Mining Inc. | 0.10% | 20,800 | $123K | New |
| HL Hecla Mining Co. | 0.07% | 14,800 | $82K | Reduce -48.6% |
| STEM Stem Inc. | 0.01% | 48,688 | $17K | Reduce -62.2% |
Portfolio Sells Q4 2024 → Q1 2025
| GOOGL Alphabet Inc. Class A | Reduce -28.6% | 8.24% | −4.42 |
| AES AES Corp. | Sold out | 0.00% | −1.37 |
| SLB SLB Ltd. | Reduce -68.5% | 0.49% | −0.79 |
| PCG P G & E Corp. | Sold out | 0.00% | −0.60 |
| GDX Vaneck Gold Miners ETF | Sold out | 0.00% | −0.59 |
| COP Conocophillips | Reduce -31.9% | 2.30% | −0.56 |
| FLNC Fluence Energy Inc. | Reduce -4.2% | 0.24% | −0.50 |
| SRE Sempra | Sold out | 0.00% | −0.46 |
| SHEL Shell PLC-ADR | Reduce -43.2% | 0.99% | −0.34 |
| CRGY Crescent Energy Inc. Class A | Sold out | 0.00% | −0.31 |
| SU Suncor Energy Inc. | Reduce -52.4% | 0.39% | −0.29 |
| SLV iShares Silver Trust | Sold out | 0.00% | −0.26 |
| XOM Exxon Mobil Corp. | Reduce -45.5% | 0.49% | −0.24 |
| SCCO Southern Copper Corp. | Sold out | 0.00% | −0.19 |
| GLD SPDR Gold Shares | Sold out | 0.00% | −0.19 |
| WPM Wheaton Precious Metals Corp. | Sold out | 0.00% | −0.16 |
| AR Antero Resources Corp. | Sold out | 0.00% | −0.16 |
| WFRD Weatherford International PL | Sold out | 0.00% | −0.15 |
| KGC Kinross Gold Corp. | Sold out | 0.00% | −0.12 |
| RUN Sunrun Inc. | Sold out | 0.00% | −0.10 |
| SHLS Shoals Technologies Group -A | Sold out | 0.00% | −0.10 |
| BP BP PLC-Spons ADR | Reduce -31.9% | 0.37% | −0.06 |
| NOVAQ Sunnova Energy International | Sold out | 0.00% | −0.05 |
| EVGO Evgo Inc. | Sold out | 0.00% | −0.05 |
| STEM Stem Inc. | Reduce -62.2% | 0.01% | −0.04 |
| HL Hecla Mining Co. | Reduce -48.6% | 0.07% | −0.04 |
| CNQ Canadian Natural Resources | Reduce -7.5% | 0.65% | +0.02 |
| PR Permian Resources Corp. Class A | Reduce -1.7% | 1.38% | +0.07 |
Portfolio Buys Q4 2024 → Q1 2025
| GOGO Gogo Inc. | Add +6.9% | 11.39% | +2.43 |
| CVX Chevron Corp. | Add +314.3% | 1.65% | +1.34 |
| VNOM Viper Energy Inc. | Add +287.0% | 1.61% | +1.20 |
| NEE Nextera Energy Inc. | New | 1.14% | +1.14 |
| TRGP Targa Resources Corp. | Add +210.3% | 1.48% | +1.10 |
| PEG Public Service Enterprise GP | New | 0.87% | +0.87 |
| PWR Quanta Services Inc. | New | 0.82% | +0.82 |
| FTI Technipfmc PLC | Add +69.5% | 1.50% | +0.78 |
| SO The Southern Co. | New | 0.77% | +0.77 |
| NXT Nextpower Inc. | New | 0.70% | +0.70 |
| ET Energy Transfer LP | Add +153.0% | 1.07% | +0.67 |
| XEL Xcel Energy Inc. | New | 0.53% | +0.53 |
| HAL Halliburton Co. | New | 0.51% | +0.51 |
| DVN Devon Energy Corp. | New | 0.41% | +0.41 |
| PARR Par Pacific Holdings Inc. | New | 0.35% | +0.35 |
| EQT Eqt Corp. | Add +54.5% | 0.62% | +0.31 |
| NRG NRG Energy Inc. | New | 0.31% | +0.31 |
| PAAS Pan American Silver Corp. | New | 0.22% | +0.22 |
| BE Bloom Energy Corp. Class A | New | 0.21% | +0.21 |
| PTEN Patterson-Uti Energy Inc. | New | 0.20% | +0.20 |
| ARRY Array Technologies Inc. | Add +182.7% | 0.24% | +0.15 |
| CDE Coeur Mining Inc. | New | 0.10% | +0.10 |
| BKR Baker Hughes Co. | Add +12.5% | 0.40% | +0.10 |
| GTLS Chart Industries Inc. | Add +17.9% | 0.41% | −0.00 |
| FSLR First Solar Inc. | Add +15.4% | 1.69% | −0.14 |
| RH RH | Add +26.7% | 18.98% | −3.57 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 47 | $108.5M | GOOGL, UBER, BIRK, BX, XLV |
| Q1 2026 | 48 | $90.3M | GOOGL, UBER, AMZN, LINE, CZR |
| Q4 2025 | 41 | $122.4M | GOOGL, CZR, DKNG, UBER, AMZN |
| Q3 2025 | 40 | $124.1M | GOOGL, LINE, CZR, UBER, GOGO |
| Q2 2025 | 43 | $124.6M | GOGO, RH, CZR, UBER, GOOGL |
| Q1 2025 | 46 | $117.3M | RH, CZR, GOGO, LINE, UBER |
| Q4 2024 | 48 | $130.9M | RH, CZR, GOOGL, GOGO, LINE |
| Q3 2024 | 46 | $137.5M | CZR, UBER, RH, GOOGL, GOGO |
| Q2 2024 | 51 | $157.0M | CZR, UBER, GOOGL, RH, GOGO |
| Q1 2024 | 51 | $159.0M | CZR, RH, UBER, GOOGL, GOGO |