SCP Investment, LP
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), SCP Investment, LP reported 43 stock positions worth $124.6 million. Its top holding was Gogo (GOGO) at 18.3% of the portfolio, followed by RH (RH, 14.4%) and Caesars Entertainment (CZR, 14.0%). Compared with Q1 2025, it opened 12 new positions, sold out of 15, added to 10 and reduced 11. The biggest buy was a new position in P G & E (PCG) and the biggest sale Permian Resources Class A (PR, shares −75%).
- Most Recent 13F
- Q2 2026
- Location
- ORINDA, CA
- CIK
- 0001730961
- Portfolio Value
- $124.6M (Q2 2025)
- SEC Filing
- 0001104659-25-076994 ↗ filed Aug 13, 2025
Holdings Value
Holdings 43 stocks · $124.6M
| GOGO Gogo Inc. | 18.26% | 1,550,000 | $22.8M | No change |
| RH RH | 14.41% | 95,000 | $18.0M | No change |
| CZR Caesars Entertainment Inc. | 14.01% | 615,000 | $17.5M | No change |
| UBER Uber Technologies Inc. | 10.11% | 135,000 | $12.6M | No change |
| GOOGL Alphabet Inc. Class A | 8.84% | 62,500 | $11.0M | No change |
| LINE Lineage Inc. | 7.86% | 225,000 | $9.8M | Add +25.0% |
| VNOM Viper Energy Inc. | 2.01% | 65,600 | $2.5M | Add +56.9% |
| GOOS Canada Goose Holdings Inc. | 1.80% | 200,000 | $2.2M | No change |
| AAPL Apple Inc. | 1.65% | 10,000 | $2.1M | No change |
| AMRN Amarin Corp. PLC -ADR | 1.63% | 125,000 | $2.0M | No change |
| PCG P G & E Corp. | 1.49% | 133,600 | $1.9M | New |
| COP Conocophillips | 1.49% | 20,668 | $1.9M | Reduce -19.5% |
| EQT Eqt Corp. | 1.42% | 30,400 | $1.8M | Add +123.5% |
| FSLR First Solar Inc. | 1.15% | 8,688 | $1.4M | Reduce -44.6% |
| CVX Chevron Corp. | 1.10% | 9,600 | $1.4M | Reduce -17.2% |
| ET Energy Transfer LP | 0.97% | 66,800 | $1.2M | Reduce -1.5% |
| TRGP Targa Resources Corp. | 0.96% | 6,888 | $1.2M | Reduce -20.7% |
| SHEL Shell PLC-ADR | 0.95% | 16,800 | $1.2M | Add +6.3% |
| SO The Southern Co. | 0.85% | 11,600 | $1.1M | Add +18.4% |
| FANG Diamondback Energy Inc. | 0.75% | 6,808 | $935K | No change |
| BKR Baker Hughes Co. | 0.70% | 22,800 | $874K | Add +111.1% |
| XEL Xcel Energy Inc. | 0.70% | 12,800 | $872K | Add +45.5% |
| FTI Technipfmc PLC | 0.60% | 21,688 | $747K | Reduce -61.0% |
| XOM Exxon Mobil Corp. | 0.59% | 6,800 | $733K | Add +41.7% |
| NEE Nextera Energy Inc. | 0.55% | 9,800 | $680K | Reduce -47.9% |
| ARRY Array Technologies Inc. | 0.48% | 101,600 | $599K | Add +72.8% |
| PTEN Patterson-Uti Energy Inc. | 0.42% | 88,800 | $527K | Add +217.1% |
| VLO Valero Energy Corp. | 0.41% | 3,800 | $511K | New |
| CCJ Cameco Corp. | 0.41% | 6,800 | $505K | New |
| SCCO Southern Copper Corp. | 0.39% | 4,819 | $488K | New |
| EOG EOG Resources Inc. | 0.36% | 3,800 | $455K | New |
| SIL Global X Silver Miners ETF | 0.34% | 8,800 | $424K | New |
| PR Permian Resources Corp. Class A | 0.31% | 28,800 | $392K | Reduce -75.3% |
| KMI Kinder Morgan Inc. | 0.30% | 12,800 | $376K | New |
| NXT Nextpower Inc. filed as NEXTRACKER INC | 0.27% | 6,088 | $331K | Reduce -68.9% |
| HAL Halliburton Co. | 0.24% | 14,800 | $302K | Reduce -37.3% |
| GTLS Chart Industries Inc. | 0.24% | 1,800 | $296K | Reduce -45.5% |
| DINO HF Sinclair Corp. | 0.22% | 6,800 | $279K | New |
| BWXT BWX Technologies Inc. | 0.21% | 1,800 | $259K | New |
| WPM Wheaton Precious Metals Corp. | 0.20% | 2,800 | $251K | New |
| KGC Kinross Gold Corp. | 0.14% | 10,800 | $169K | New |
| EOSE Eos Energy Enterprises Inc. | 0.12% | 28,800 | $147K | New |
| HL Hecla Mining Co. | 0.07% | 14,800 | $89K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| PR Permian Resources Corp. Class A | Reduce -75.3% | 0.31% | −1.06 |
| FTI Technipfmc PLC | Reduce -61.0% | 0.60% | −0.90 |
| PEG Public Service Enterprise GP | Sold out | 0.00% | −0.87 |
| PWR Quanta Services Inc. | Sold out | 0.00% | −0.82 |
| COP Conocophillips | Reduce -19.5% | 1.49% | −0.81 |
| CNQ Canadian Natural Resources | Sold out | 0.00% | −0.65 |
| NEE Nextera Energy Inc. | Reduce -47.9% | 0.55% | −0.59 |
| LNG Cheniere Energy Inc. | Sold out | 0.00% | −0.55 |
| CVX Chevron Corp. | Reduce -17.2% | 1.10% | −0.55 |
| FSLR First Solar Inc. | Reduce -44.6% | 1.15% | −0.54 |
| TRGP Targa Resources Corp. | Reduce -20.7% | 0.96% | −0.52 |
| SLB SLB Ltd. | Sold out | 0.00% | −0.49 |
| NXT Nextpower Inc. | Reduce -68.9% | 0.27% | −0.44 |
| DVN Devon Energy Corp. | Sold out | 0.00% | −0.41 |
| SU Suncor Energy Inc. | Sold out | 0.00% | −0.39 |
| BP BP PLC-Spons ADR | Sold out | 0.00% | −0.37 |
| PARR Par Pacific Holdings Inc. | Sold out | 0.00% | −0.35 |
| NRG NRG Energy Inc. | Sold out | 0.00% | −0.31 |
| HAL Halliburton Co. | Reduce -37.3% | 0.24% | −0.27 |
| FLNC Fluence Energy Inc. | Sold out | 0.00% | −0.24 |
| PAAS Pan American Silver Corp. | Sold out | 0.00% | −0.22 |
| BE Bloom Energy Corp. Class A | Sold out | 0.00% | −0.21 |
| GTLS Chart Industries Inc. | Reduce -45.5% | 0.24% | −0.17 |
| CDE Coeur Mining Inc. | Sold out | 0.00% | −0.10 |
| ET Energy Transfer LP | Reduce -1.5% | 0.97% | −0.10 |
| STEM Stem Inc. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| PCG P G & E Corp. | New | 1.49% | +1.49 |
| EQT Eqt Corp. | Add +123.5% | 1.42% | +0.80 |
| VLO Valero Energy Corp. | New | 0.41% | +0.41 |
| CCJ Cameco Corp. | New | 0.41% | +0.41 |
| VNOM Viper Energy Inc. | Add +56.9% | 2.01% | +0.40 |
| SCCO Southern Copper Corp. | New | 0.39% | +0.39 |
| EOG EOG Resources Inc. | New | 0.36% | +0.36 |
| SIL Global X Silver Miners ETF | New | 0.34% | +0.34 |
| KMI Kinder Morgan Inc. | New | 0.30% | +0.30 |
| BKR Baker Hughes Co. | Add +111.1% | 0.70% | +0.30 |
| ARRY Array Technologies Inc. | Add +72.8% | 0.48% | +0.24 |
| PTEN Patterson-Uti Energy Inc. | Add +217.1% | 0.42% | +0.23 |
| DINO HF Sinclair Corp. | New | 0.22% | +0.22 |
| BWXT BWX Technologies Inc. | New | 0.21% | +0.21 |
| WPM Wheaton Precious Metals Corp. | New | 0.20% | +0.20 |
| XEL Xcel Energy Inc. | Add +45.5% | 0.70% | +0.17 |
| KGC Kinross Gold Corp. | New | 0.14% | +0.14 |
| EOSE Eos Energy Enterprises Inc. | New | 0.12% | +0.12 |
| XOM Exxon Mobil Corp. | Add +41.7% | 0.59% | +0.10 |
| SO The Southern Co. | Add +18.4% | 0.85% | +0.09 |
| SHEL Shell PLC-ADR | Add +6.3% | 0.95% | −0.04 |
| LINE Lineage Inc. | Add +25.0% | 7.86% | −1.14 |
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 |