SCP Investment, LP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 10, 2026), SCP Investment, LP reported 41 stock positions worth $122.4 million. Its top holding was Alphabet Class A (GOOGL) at 15.3% of the portfolio, followed by Caesars Entertainment (CZR, 11.6%) and Draftkings Class A (DKNG, 9.1%). Compared with Q3 2025, it opened 12 new positions, sold out of 11, added to 13 and reduced 11. The biggest buy was a new position in Draftkings Class A (DKNG) and the biggest sale an exit from Gogo (GOGO).
- Most Recent 13F
- Q2 2026
- Location
- ORINDA, CA
- CIK
- 0001730961
- Portfolio Value
- $122.4M (Q4 2025)
- SEC Filing
- 0001104659-26-012564 ↗ filed Feb 10, 2026
Holdings Value
Holdings 41 stocks · $122.4M
| GOOGL Alphabet Inc. Class A | 15.34% | 60,000 | $18.8M | Reduce -38.5% |
| CZR Caesars Entertainment Inc. | 11.56% | 605,000 | $14.2M | Add +10.0% |
| DKNG Draftkings Inc. Class A | 9.15% | 325,000 | $11.2M | New |
| UBER Uber Technologies Inc. | 9.01% | 135,000 | $11.0M | No change |
| AMZN Amazon.com Inc. | 8.49% | 45,000 | $10.4M | New |
| LINE Lineage Inc. | 7.72% | 270,000 | $9.4M | Reduce -43.8% |
| GOOS Canada Goose Holdings Inc. | 3.70% | 350,000 | $4.5M | No change |
| VNOM Viper Energy Inc. Class A | 2.49% | 78,800 | $3.0M | Add +52.1% |
| AAPL Apple Inc. | 2.22% | 10,000 | $2.7M | No change |
| TRGP Targa Resources Corp. | 2.06% | 13,678 | $2.5M | Add +33.0% |
| FANG Diamondback Energy Inc. | 1.79% | 14,608 | $2.2M | Add +37.7% |
| EQT Eqt Corp. | 1.78% | 40,600 | $2.2M | Add +65.0% |
| ET Energy Transfer LP | 1.60% | 118,800 | $2.0M | Add +70.7% |
| SHEL Shell PLC-ADR | 1.60% | 26,600 | $2.0M | Add +22.0% |
| NEE Nextera Energy Inc. | 1.42% | 21,600 | $1.7M | Add +16.1% |
| OVV Ovintiv Inc. | 1.33% | 41,600 | $1.6M | Add +511.8% |
| XLV SS Health Care Select Sector | 1.26% | 10,000 | $1.5M | No change |
| PCG P G & E Corp. | 1.19% | 90,800 | $1.5M | Reduce -45.6% |
| SU Suncor Energy Inc. | 1.18% | 32,600 | $1.4M | Reduce -28.8% |
| FSLR First Solar Inc. | 1.17% | 5,488 | $1.4M | Reduce -20.3% |
| AMRN Amarin Corp. PLC -ADR | 1.14% | 100,000 | $1.4M | No change |
| XEL Xcel Energy Inc. | 1.13% | 18,800 | $1.4M | Add +291.7% |
| EOG EOG Resources Inc. | 1.13% | 13,200 | $1.4M | New |
| CNQ Canadian Natural Resources | 1.06% | 38,400 | $1.3M | Add +7.3% |
| FTI Technipfmc PLC | 1.04% | 28,688 | $1.3M | New |
| KMI Kinder Morgan Inc. | 1.00% | 44,600 | $1.2M | New |
| XOM Exxon Mobil Corp. | 1.00% | 10,188 | $1.2M | New |
| PR Permian Resources Corp. Class A | 0.94% | 81,600 | $1.1M | Reduce -12.8% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.80% | 25,600 | $983K | New |
| BKR Baker Hughes Co. | 0.70% | 18,800 | $856K | Reduce -7.8% |
| CCJ Cameco Corp. | 0.66% | 8,800 | $805K | Add +83.3% |
| AEP American Electric Power | 0.64% | 6,800 | $784K | Add +142.9% |
| CVX Chevron Corp. | 0.47% | 3,800 | $579K | Reduce -55.8% |
| PSQ Proshares Short QQQ | 0.37% | 15,000 | $453K | New |
| MIR Mirion Technologies Inc. | 0.34% | 18,000 | $422K | New |
| PSX Phillips 66 | 0.32% | 3,000 | $387K | New |
| NXT Nextpower Inc. | 0.28% | 3,888 | $339K | Reduce -71.6% |
| GEV GE Vernova Inc. | 0.26% | 488 | $319K | New |
| DINO HF Sinclair Corp. | 0.22% | 5,800 | $267K | Reduce -39.6% |
| COP Conocophillips | 0.21% | 2,800 | $262K | Reduce -82.1% |
| GLNG Golar LNG Ltd. | 0.21% | 6,800 | $253K | New |
Portfolio Sells Q3 2025 → Q4 2025
| GOGO Gogo Inc. | Sold out | 0.00% | −9.69 |
| LINE Lineage Inc. | Reduce -43.8% | 7.72% | −7.23 |
| GOOGL Alphabet Inc. Class A | Reduce -38.5% | 15.34% | −3.76 |
| COP Conocophillips | Reduce -82.1% | 0.21% | −0.98 |
| VLO Valero Energy Corp. | Sold out | 0.00% | −0.91 |
| PCG P G & E Corp. | Reduce -45.6% | 1.19% | −0.84 |
| VG Venture Global Inc. Class A | Sold out | 0.00% | −0.78 |
| SO The Southern Co. | Sold out | 0.00% | −0.73 |
| CVX Chevron Corp. | Reduce -55.8% | 0.47% | −0.60 |
| NXT Nextpower Inc. | Reduce -71.6% | 0.28% | −0.54 |
| KGS Kodiak Gas Services Inc. | Sold out | 0.00% | −0.50 |
| HBM Hudbay Minerals Inc. | Sold out | 0.00% | −0.47 |
| SU Suncor Energy Inc. | Reduce -28.8% | 1.18% | −0.36 |
| SCCO Southern Copper Corp. | Sold out | 0.00% | −0.28 |
| MPLX MPLX LP | Sold out | 0.00% | −0.27 |
| HAL Halliburton Co. | Sold out | 0.00% | −0.21 |
| PTEN Patterson-Uti Energy Inc. | Sold out | 0.00% | −0.20 |
| DINO HF Sinclair Corp. | Reduce -39.6% | 0.22% | −0.19 |
| ARRY Array Technologies Inc. | Sold out | 0.00% | −0.13 |
| BKR Baker Hughes Co. | Reduce -7.8% | 0.70% | −0.10 |
| FSLR First Solar Inc. | Reduce -20.3% | 1.17% | −0.05 |
| PR Permian Resources Corp. Class A | Reduce -12.8% | 0.94% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| DKNG Draftkings Inc. Class A | New | 9.15% | +9.15 |
| AMZN Amazon.com Inc. | New | 8.49% | +8.49 |
| EOG EOG Resources Inc. | New | 1.13% | +1.13 |
| OVV Ovintiv Inc. | Add +511.8% | 1.33% | +1.11 |
| FTI Technipfmc PLC | New | 1.04% | +1.04 |
| XOM Exxon Mobil Corp. | New | 1.00% | +1.00 |
| KMI Kinder Morgan Inc. | New | 1.00% | +1.00 |
| VNOM Viper Energy Inc. Class A | Add +52.1% | 2.49% | +0.89 |
| XEL Xcel Energy Inc. | Add +291.7% | 1.13% | +0.82 |
| SLB SLB Ltd. | New | 0.80% | +0.80 |
| EQT Eqt Corp. | Add +65.0% | 1.78% | +0.70 |
| TRGP Targa Resources Corp. | Add +33.0% | 2.06% | +0.67 |
| ET Energy Transfer LP | Add +70.7% | 1.60% | +0.64 |
| FANG Diamondback Energy Inc. | Add +37.7% | 1.79% | +0.57 |
| AEP American Electric Power | Add +142.9% | 0.64% | +0.39 |
| PSQ Proshares Short QQQ | New | 0.37% | +0.37 |
| MIR Mirion Technologies Inc. | New | 0.34% | +0.34 |
| SHEL Shell PLC-ADR | Add +22.0% | 1.60% | +0.34 |
| CCJ Cameco Corp. | Add +83.3% | 0.66% | +0.33 |
| PSX Phillips 66 | New | 0.32% | +0.32 |
| NEE Nextera Energy Inc. | Add +16.1% | 1.42% | +0.28 |
| GEV GE Vernova Inc. | New | 0.26% | +0.26 |
| GLNG Golar LNG Ltd. | New | 0.21% | +0.21 |
| CNQ Canadian Natural Resources | Add +7.3% | 1.06% | +0.14 |
| CZR Caesars Entertainment Inc. | Add +10.0% | 11.56% | −0.42 |
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 |