SIR Capital Management, L.P.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), SIR Capital Management, L.P. reported 73 stock positions worth $969.9 million. Its top holding was Conocophillips (COP) at 9.1% of the portfolio, followed by Kinder Morgan (KMI, 4.8%) and Permian Resources Class A (PR, 3.7%). Compared with Q3 2024, it opened 20 new positions, sold out of 14, added to 23 and reduced 29. The biggest buy was Conocophillips (COP, shares +78%) and the biggest sale Canadian Natural Resources (CNQ, shares −79%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001434997
- Portfolio Value
- $969.9M (Q4 2024)
- SEC Filing
- 0001434997-25-000001 ↗ filed Feb 14, 2025
Holdings Value
Holdings 73 stocks · $969.9M
| COP Conocophillips | 9.05% | 885,232 | $87.8M | Add +78.4% |
| KMI Kinder Morgan Inc. | 4.83% | 1,709,197 | $46.8M | Reduce -21.2% |
| PR Permian Resources Corp. Class A | 3.68% | 2,479,177 | $35.7M | Reduce -37.3% |
| TRP TC Energy Corp. | 3.63% | 757,720 | $35.3M | New |
| AM Antero Midstream Corp. | 3.61% | 2,323,270 | $35.1M | New |
| PSX Phillips 66 | 3.53% | 300,119 | $34.2M | Reduce -17.7% |
| EOG EOG Resources Inc. | 3.22% | 254,600 | $31.2M | Reduce -3.3% |
| LNG Cheniere Energy Inc. | 3.08% | 139,181 | $29.9M | Reduce -48.1% |
| AES AES Corp. | 2.79% | 2,100,958 | $27.0M | Add +16.8% |
| CTRA Coterra Energy Inc. | 2.67% | 1,012,344 | $25.9M | Add +27.5% |
| VNOM Viper Energy Inc. | 2.16% | 427,410 | $21.0M | Add +5.3% |
| UGI Ugi Corp. | 2.12% | 729,800 | $20.6M | Add +1279.5% |
| CHRD Chord Energy Corp. | 2.05% | 169,785 | $19.9M | Add +3.7% |
| EQT Eqt Corp. | 2.04% | 428,338 | $19.8M | Reduce -62.6% |
| GPOR Gulfport Energy Corp. | 2.01% | 105,865 | $19.5M | Reduce -12.0% |
| OVV Ovintiv Inc. | 1.92% | 458,757 | $18.6M | New |
| CC The Chemours Co. | 1.88% | 1,078,566 | $18.2M | Add +18.1% |
| NE Noble Corp. PLC | 1.88% | 579,325 | $18.2M | Add +1870.5% |
| TXNM TXNM Energy Inc. | 1.77% | 349,221 | $17.2M | Reduce -10.9% |
| AR Antero Resources Corp. | 1.73% | 478,666 | $16.8M | New |
| EXC Exelon Corp. | 1.69% | 435,014 | $16.4M | Add +52.2% |
| HOS Hornbeck Offshore Services I filed as HELIX ENERGY SOLUTIONS GRP I | 1.64% | 1,706,116 | $15.9M | Add +59.5% |
| SEI Solaris Energy Infrastructur | 1.57% | 529,106 | $15.2M | Add +34.6% |
| NRG NRG Energy Inc. | 1.55% | 166,295 | $15.0M | Reduce -31.7% |
| RIG Transocean Ltd. | 1.54% | 3,993,676 | $15.0M | New |
| CVE Cenovus Energy Inc. | 1.50% | 960,300 | $14.5M | Add +809.0% |
| EVGO Evgo Inc. | 1.48% | 3,533,645 | $14.3M | Add +326.3% |
| NXT Nextpower Inc. filed as NEXTRACKER INC | 1.38% | 365,285 | $13.3M | Reduce -16.4% |
| BE Bloom Energy Corp. Class A | 1.31% | 572,798 | $12.7M | Add +155.1% |
| TS Tenaris SA-ADR | 1.30% | 333,277 | $12.6M | Reduce -76.7% |
| XPRO Expro Group Holdings NV | 1.25% | 972,759 | $12.1M | Add +95.8% |
| SU Suncor Energy Inc. | 1.24% | 337,600 | $12.0M | New |
| DINO HF Sinclair Corp. | 1.20% | 331,078 | $11.6M | Add +33.8% |
| SDRL Seadrill Limited | 1.17% | 290,719 | $11.3M | New |
| XEL Xcel Energy Inc. | 1.12% | 160,425 | $10.8M | Reduce -10.6% |
| EQNR Equinor ASA-Spon ADR | 1.11% | 455,300 | $10.8M | New |
| SHEL Shell PLC-ADR | 1.10% | 169,901 | $10.6M | Add +45.7% |
| MTZ Mastec Inc. | 1.09% | 77,723 | $10.6M | Add +29.1% |
| GEV GE Vernova Inc. | 1.06% | 31,400 | $10.3M | Add +145.3% |
| SGML Sigma Lithium Corp. | 1.04% | 900,243 | $10.1M | Reduce -0.3% |
| MTDR Matador Resources Co. | 1.01% | 173,600 | $9.8M | New |
| FLNC Fluence Energy Inc. | 0.99% | 604,871 | $9.6M | New |
| HAL Halliburton Co. | 0.97% | 347,527 | $9.4M | New |
| DVN Devon Energy Corp. | 0.91% | 271,000 | $8.9M | New |
| CNQ Canadian Natural Resources | 0.86% | 270,787 | $8.4M | Reduce -79.2% |
| PDS Precision Drilling Corp. | 0.82% | 130,078 | $8.0M | Add +10.3% |
| CRC California Resources Corp. | 0.75% | 139,509 | $7.2M | Reduce -32.1% |
| ITRI Itron Inc. | 0.66% | 59,305 | $6.4M | Add +25.6% |
| CLNE Clean Energy Fuels Corp. | 0.65% | 2,520,941 | $6.3M | Add +7.3% |
| TTE Totalenergies SE -Spon ADR | 0.61% | 108,300 | $5.9M | Add +82.9% |
| ARRY Array Technologies Inc. | 0.54% | 868,000 | $5.2M | Reduce -66.2% |
| BKV BKV Corporation | 0.50% | 203,900 | $4.8M | New |
| EXE Expand Energy Corp. | 0.50% | 48,500 | $4.8M | Reduce -42.9% |
| FSLR First Solar Inc. | 0.50% | 27,300 | $4.8M | New |
| NPWR Net Power Inc. | 0.45% | 408,378 | $4.3M | Reduce -2.0% |
| DY Dycom Industries Inc. | 0.37% | 20,777 | $3.6M | New |
| DK Delek US Holdings Inc. | 0.36% | 191,318 | $3.5M | Reduce -78.8% |
| OKLO Oklo Inc. | 0.34% | 155,442 | $3.3M | New |
| PTEN Patterson-Uti Energy Inc. | 0.29% | 336,102 | $2.8M | New |
| SEDG Solaredge Technologies Inc. | 0.26% | 188,900 | $2.6M | New |
| NOV Nov Inc. | 0.25% | 165,467 | $2.4M | Reduce -88.6% |
| MGY Magnolia Oil & Gas Corp. Class A | 0.20% | 83,800 | $2.0M | Reduce -77.7% |
| RUN Sunrun Inc. | 0.17% | 181,959 | $1.7M | Reduce -39.8% |
| OPAL Opal Fuels Inc. Class A | 0.16% | 443,949 | $1.5M | No change |
| BKR Baker Hughes Co. | 0.15% | 35,731 | $1.5M | Reduce -95.8% |
| GTLS Chart Industries Inc. | 0.15% | 7,639 | $1.5M | Reduce -89.8% |
| FTI Technipfmc PLC | 0.14% | 46,157 | $1.3M | Reduce -70.3% |
| SM SM Energy Co. | 0.12% | 29,974 | $1.2M | Reduce -93.6% |
| VIST Vista Energy Sab DE CV | 0.11% | 20,600 | $1.1M | New |
| TTI Tetra Technologies Inc. | 0.09% | 247,746 | $887K | Reduce -62.1% |
| BP BP PLC-Spons ADR | 0.06% | 20,500 | $606K | Reduce -71.3% |
| KNTK Kinetik Holdings Inc. | 0.06% | 9,900 | $561K | Reduce -94.3% |
| BG Bunge Global SA | 0.02% | 3,000 | $233K | New |
Portfolio Sells Q3 2024 → Q4 2024
| CNQ Canadian Natural Resources | Reduce -79.2% | 0.86% | −3.34 |
| TS Tenaris SA-ADR | Reduce -76.7% | 1.30% | −3.12 |
| BKR Baker Hughes Co. | Reduce -95.8% | 0.15% | −2.85 |
| ENLC Enlink Midstream LLC | Sold out | 0.00% | −2.56 |
| WFRD Weatherford International PL | Sold out | 0.00% | −2.06 |
| EQT Eqt Corp. | Reduce -62.6% | 2.04% | −2.05 |
| NOV Nov Inc. | Reduce -88.6% | 0.25% | −2.00 |
| SLB SLB Ltd. | Sold out | 0.00% | −1.81 |
| SM SM Energy Co. | Reduce -93.6% | 0.12% | −1.69 |
| LNG Cheniere Energy Inc. | Reduce -48.1% | 3.08% | −1.60 |
| PR Permian Resources Corp. Class A | Reduce -37.3% | 3.68% | −1.56 |
| CVI CVR Energy Inc. | Sold out | 0.00% | −1.35 |
| DK Delek US Holdings Inc. | Reduce -78.8% | 0.36% | −1.28 |
| APD Air Products & Chemicals Inc. | Sold out | 0.00% | −1.24 |
| PSX Phillips 66 | Reduce -17.7% | 3.53% | −1.14 |
| ARRY Array Technologies Inc. | Reduce -66.2% | 0.54% | −1.11 |
| SHLS Shoals Technologies Group -A | Sold out | 0.00% | −0.98 |
| GTLS Chart Industries Inc. | Reduce -89.8% | 0.15% | −0.76 |
| CIVI Civitas Resources Inc. | Sold out | 0.00% | −0.73 |
| TRGP Targa Resources Corp. | Sold out | 0.00% | −0.73 |
| KNTK Kinetik Holdings Inc. | Reduce -94.3% | 0.06% | −0.70 |
| MGY Magnolia Oil & Gas Corp. Class A | Reduce -77.7% | 0.20% | −0.69 |
| NRG NRG Energy Inc. | Reduce -31.7% | 1.55% | −0.61 |
| EE Excelerate Energy Inc. Class A | Sold out | 0.00% | −0.60 |
| TDW Tidewater Inc. | Sold out | 0.00% | −0.51 |
| RUN Sunrun Inc. | Reduce -39.8% | 0.17% | −0.36 |
| CRC California Resources Corp. | Reduce -32.1% | 0.75% | −0.30 |
| FTI Technipfmc PLC | Reduce -70.3% | 0.14% | −0.26 |
| VST Vistra Corp. | Sold out | 0.00% | −0.23 |
| NXT Nextpower Inc. | Reduce -16.4% | 1.38% | −0.22 |
| MNTK Montauk Renewables Inc. | Sold out | 0.00% | −0.20 |
| E Eni SPA-Sponsored ADR | Sold out | 0.00% | −0.20 |
| EXE Expand Energy Corp. | Reduce -42.9% | 0.50% | −0.18 |
| BP BP PLC-Spons ADR | Reduce -71.3% | 0.06% | −0.16 |
| TTI Tetra Technologies Inc. | Reduce -62.1% | 0.09% | −0.11 |
| OEC Orion SA | Sold out | 0.00% | −0.09 |
| SGML Sigma Lithium Corp. | Reduce -0.3% | 1.04% | −0.04 |
| XEL Xcel Energy Inc. | Reduce -10.6% | 1.12% | −0.02 |
| EOG EOG Resources Inc. | Reduce -3.3% | 3.22% | +0.07 |
| TXNM TXNM Energy Inc. | Reduce -10.9% | 1.77% | +0.10 |
| NPWR Net Power Inc. | Reduce -2.0% | 0.45% | +0.16 |
| KMI Kinder Morgan Inc. | Reduce -21.2% | 4.83% | +0.17 |
| GPOR Gulfport Energy Corp. | Reduce -12.0% | 2.01% | +0.24 |
Portfolio Buys Q3 2024 → Q4 2024
| COP Conocophillips | Add +78.4% | 9.05% | +3.97 |
| TRP TC Energy Corp. | New | 3.63% | +3.63 |
| AM Antero Midstream Corp. | New | 3.61% | +3.61 |
| UGI Ugi Corp. | Add +1279.5% | 2.12% | +2.00 |
| OVV Ovintiv Inc. | New | 1.92% | +1.92 |
| NE Noble Corp. PLC | Add +1870.5% | 1.88% | +1.77 |
| AR Antero Resources Corp. | New | 1.73% | +1.73 |
| RIG Transocean Ltd. | New | 1.54% | +1.54 |
| CVE Cenovus Energy Inc. | Add +809.0% | 1.50% | +1.33 |
| SU Suncor Energy Inc. | New | 1.24% | +1.24 |
| SDRL Seadrill Limited | New | 1.17% | +1.17 |
| EVGO Evgo Inc. | Add +326.3% | 1.48% | +1.14 |
| EQNR Equinor ASA-Spon ADR | New | 1.11% | +1.11 |
| SEI Solaris Energy Infrastructur | Add +34.6% | 1.57% | +1.08 |
| BE Bloom Energy Corp. Class A | Add +155.1% | 1.31% | +1.08 |
| MTDR Matador Resources Co. | New | 1.01% | +1.01 |
| FLNC Fluence Energy Inc. | New | 0.99% | +0.99 |
| HAL Halliburton Co. | New | 0.97% | +0.97 |
| DVN Devon Energy Corp. | New | 0.91% | +0.91 |
| CTRA Coterra Energy Inc. | Add +27.5% | 2.67% | +0.82 |
| GEV GE Vernova Inc. | Add +145.3% | 1.06% | +0.75 |
| EXC Exelon Corp. | Add +52.2% | 1.69% | +0.56 |
| BKV BKV Corporation | New | 0.50% | +0.50 |
| FSLR First Solar Inc. | New | 0.50% | +0.50 |
| HOS Hornbeck Offshore Services I | Add +59.5% | 1.64% | +0.49 |
| XPRO Expro Group Holdings NV | Add +95.8% | 1.25% | +0.42 |
| VNOM Viper Energy Inc. | Add +5.3% | 2.16% | +0.38 |
| DY Dycom Industries Inc. | New | 0.37% | +0.37 |
| MTZ Mastec Inc. | Add +29.1% | 1.09% | +0.37 |
| SHEL Shell PLC-ADR | Add +45.7% | 1.10% | +0.35 |
| OKLO Oklo Inc. | New | 0.34% | +0.34 |
| PTEN Patterson-Uti Energy Inc. | New | 0.29% | +0.29 |
| SEDG Solaredge Technologies Inc. | New | 0.26% | +0.26 |
| TTE Totalenergies SE -Spon ADR | Add +82.9% | 0.61% | +0.24 |
| ITRI Itron Inc. | Add +25.6% | 0.66% | +0.17 |
| DINO HF Sinclair Corp. | Add +33.8% | 1.20% | +0.12 |
| VIST Vista Energy Sab DE CV | New | 0.11% | +0.11 |
| PDS Precision Drilling Corp. | Add +10.3% | 0.82% | +0.11 |
| CC The Chemours Co. | Add +18.1% | 1.88% | +0.07 |
| BG Bunge Global SA | New | 0.02% | +0.02 |
| CHRD Chord Energy Corp. | Add +3.7% | 2.05% | −0.03 |
| CLNE Clean Energy Fuels Corp. | Add +7.3% | 0.65% | −0.06 |
| AES AES Corp. | Add +16.8% | 2.79% | −0.72 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 79 | $870.1M | XOM, DVN, PR, OVV, VLO |
| Q1 2026 | 88 | $1.1B | AR, DVN, PR, EXE, CVE |
| Q4 2025 | 80 | $903.8M | VNOM, KMI, PR, OKE, FCX |
| Q3 2025 | 78 | $1.1B | VNOM, PR, KMI, DVN, OKE |
| Q2 2025 | 87 | $1.1B | KMI, CTRA, VNOM, PR, TRP |
| Q1 2025 | 76 | $1.1B | KMI, PR, CTRA, TRP, HAL |
| Q4 2024 | 73 | $969.9M | COP, KMI, PR, TRP, AM |
| Q3 2024 | 67 | $1.0B | PR, COP, LNG, PSX, KMI |
| Q2 2024 | 79 | $1.0B | KMI, PSX, PR, CHRD, CVE |
| Q1 2024 | 68 | $993.2M | KMI, MRO, ERF, BKR, CVE |