SIR Capital Management, L.P.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), SIR Capital Management, L.P. reported 76 stock positions worth $1.1 billion. Its top holding was Kinder Morgan (KMI) at 5.2% of the portfolio, followed by Permian Resources Class A (PR, 5.0%) and Coterra Energy (CTRA, 4.4%). Compared with Q4 2024, it opened 24 new positions, sold out of 21, added to 30 and reduced 22. The biggest buy was a new position in Oneok (OKE) and the biggest sale an exit from Conocophillips (COP).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001434997
- Portfolio Value
- $1.1B (Q1 2025)
- SEC Filing
- 0001434997-25-000002 ↗ filed May 15, 2025
Holdings Value
Holdings 76 stocks · $1.1B
| KMI Kinder Morgan Inc. | 5.18% | 2,069,338 | $59.0M | Add +21.1% |
| PR Permian Resources Corp. Class A | 5.01% | 4,125,120 | $57.1M | Add +66.4% |
| CTRA Coterra Energy Inc. | 4.39% | 1,731,674 | $50.0M | Add +71.1% |
| TRP TC Energy Corp. | 4.32% | 1,041,699 | $49.2M | Add +37.5% |
| HAL Halliburton Co. | 4.06% | 1,825,225 | $46.3M | Add +425.2% |
| OKE Oneok Inc. | 3.84% | 440,714 | $43.7M | New |
| VNOM Viper Energy Inc. | 3.81% | 961,732 | $43.4M | Add +125.0% |
| GPOR Gulfport Energy Corp. | 3.62% | 223,990 | $41.2M | Add +111.6% |
| WFRD Weatherford International PL | 3.19% | 678,583 | $36.3M | New |
| AR Antero Resources Corp. | 3.12% | 878,223 | $35.5M | Add +83.5% |
| KNTK Kinetik Holdings Inc. | 2.77% | 607,027 | $31.5M | Add +6031.6% |
| CNQ Canadian Natural Resources | 2.65% | 979,850 | $30.2M | Add +261.9% |
| CHRD Chord Energy Corp. | 2.53% | 256,085 | $28.9M | Add +50.8% |
| MTDR Matador Resources Co. | 2.48% | 552,192 | $28.2M | Add +218.1% |
| UGI Ugi Corp. | 2.37% | 815,266 | $27.0M | Add +11.7% |
| EOG EOG Resources Inc. | 2.32% | 206,100 | $26.4M | Reduce -19.1% |
| LNG Cheniere Energy Inc. | 2.22% | 109,488 | $25.3M | Reduce -21.3% |
| AM Antero Midstream Corp. | 2.07% | 1,307,552 | $23.5M | Reduce -43.7% |
| OVV Ovintiv Inc. | 1.98% | 527,958 | $22.6M | Add +15.1% |
| TXNM TXNM Energy Inc. | 1.93% | 412,179 | $22.0M | Add +18.0% |
| SEI Solaris Energy Infrastructur | 1.92% | 1,004,233 | $21.9M | Add +89.8% |
| CC The Chemours Co. | 1.73% | 1,459,095 | $19.7M | Add +35.3% |
| PTEN Patterson-Uti Energy Inc. | 1.67% | 2,317,680 | $19.1M | Add +589.6% |
| NRG NRG Energy Inc. | 1.52% | 181,037 | $17.3M | Add +8.9% |
| XEL Xcel Energy Inc. | 1.48% | 238,059 | $16.9M | Add +48.4% |
| DINO HF Sinclair Corp. | 1.46% | 506,933 | $16.7M | Add +53.1% |
| EXE Expand Energy Corp. | 1.37% | 140,400 | $15.6M | Add +189.5% |
| DUK Duke Energy Corp. | 1.29% | 120,200 | $14.7M | New |
| DVN Devon Energy Corp. | 1.24% | 377,000 | $14.1M | Add +39.1% |
| EQT Eqt Corp. | 1.23% | 262,755 | $14.0M | Reduce -38.7% |
| FTI Technipfmc PLC | 1.22% | 438,488 | $13.9M | Add +850.0% |
| LBRT Liberty Energy Inc. | 1.17% | 844,257 | $13.4M | New |
| ETN Eaton Corp. PLC | 1.14% | 47,580 | $12.9M | New |
| SRE Sempra | 1.12% | 178,700 | $12.8M | New |
| XPRO Expro Group Holdings NV | 1.08% | 1,239,742 | $12.3M | Add +27.4% |
| VLO Valero Energy Corp. | 1.08% | 93,300 | $12.3M | New |
| EVGO Evgo Inc. | 1.00% | 4,297,445 | $11.4M | Add +21.6% |
| SHEL Shell PLC-ADR | 0.88% | 137,501 | $10.1M | Reduce -19.1% |
| HOS Hornbeck Offshore Services I filed as HELIX ENERGY SOLUTIONS GRP I | 0.86% | 1,178,716 | $9.8M | Reduce -30.9% |
| NE Noble Corp. PLC | 0.79% | 378,578 | $9.0M | Reduce -34.6% |
| PDS Precision Drilling Corp. | 0.79% | 192,678 | $9.0M | Add +48.1% |
| DY Dycom Industries Inc. | 0.76% | 56,977 | $8.7M | Add +174.2% |
| GEV GE Vernova Inc. | 0.65% | 24,200 | $7.4M | Reduce -22.9% |
| CRGY Crescent Energy Inc. Class A | 0.63% | 641,500 | $7.2M | New |
| TS Tenaris SA-ADR | 0.62% | 180,907 | $7.1M | Reduce -45.7% |
| SGML Sigma Lithium Corp. | 0.62% | 675,651 | $7.0M | Reduce -24.9% |
| AES AES Corp. | 0.61% | 555,986 | $6.9M | Reduce -73.5% |
| TTE Totalenergies SE -Spon ADR | 0.60% | 105,000 | $6.8M | Reduce -3.0% |
| MGY Magnolia Oil & Gas Corp. Class A | 0.57% | 256,800 | $6.5M | Add +206.4% |
| GLW Corning Inc. | 0.49% | 122,570 | $5.6M | New |
| MTZ Mastec Inc. | 0.44% | 43,288 | $5.1M | Reduce -44.3% |
| PUMP Propetro Holding Corp. | 0.41% | 641,400 | $4.7M | New |
| APH Amphenol Corp. Class A | 0.40% | 69,873 | $4.6M | New |
| STRL Sterling Infrastructure Inc. | 0.30% | 30,700 | $3.5M | New |
| INR Infinity Natural Resour Class A | 0.27% | 162,500 | $3.0M | New |
| ITRI Itron Inc. | 0.27% | 28,905 | $3.0M | Reduce -51.3% |
| ACDC Profrac Holding Corp. Class A | 0.26% | 394,394 | $3.0M | New |
| TT Trane Technologies PLC | 0.25% | 8,304 | $2.8M | New |
| CLNE Clean Energy Fuels Corp. | 0.24% | 1,794,795 | $2.8M | Reduce -28.8% |
| BKV BKV Corporation | 0.22% | 120,800 | $2.5M | Reduce -40.8% |
| NESR National Energy Services Reu | 0.19% | 291,248 | $2.1M | New |
| SDRL Seadrill Limited | 0.14% | 63,646 | $1.6M | Reduce -78.1% |
| FLNC Fluence Energy Inc. | 0.13% | 301,649 | $1.5M | Reduce -50.1% |
| MYRG MYR Group Inc./Delaware | 0.13% | 12,800 | $1.4M | New |
| JCI Johnson Controls Internation | 0.11% | 15,538 | $1.2M | New |
| LEU Centrus Energy Corp. Class A | 0.11% | 19,834 | $1.2M | New |
| EE Excelerate Energy Inc. Class A | 0.11% | 42,864 | $1.2M | New |
| CARR Carrier Global Corp. | 0.10% | 18,133 | $1.1M | New |
| NVT Nvent Electric PLC | 0.10% | 21,145 | $1.1M | New |
| TTI Tetra Technologies Inc. | 0.08% | 254,746 | $856K | Add +2.8% |
| NPWR Net Power Inc. | 0.07% | 300,078 | $789K | Reduce -26.5% |
| ALB Albemarle Corp. | 0.07% | 10,500 | $756K | New |
| OPAL Opal Fuels Inc. Class A | 0.06% | 373,849 | $688K | Reduce -15.8% |
| GTLS Chart Industries Inc. | 0.05% | 3,975 | $574K | Reduce -48.0% |
| VIST Vista Energy Sab DE CV | 0.05% | 11,600 | $540K | Reduce -43.7% |
| NEXT Nextdecade Corp. | 0.01% | 12,050 | $94K | New |
Portfolio Sells Q4 2024 → Q1 2025
| COP Conocophillips | Sold out | 0.00% | −9.05 |
| PSX Phillips 66 | Sold out | 0.00% | −3.53 |
| AES AES Corp. | Reduce -73.5% | 0.61% | −2.18 |
| EXC Exelon Corp. | Sold out | 0.00% | −1.69 |
| AM Antero Midstream Corp. | Reduce -43.7% | 2.07% | −1.55 |
| RIG Transocean Ltd. | Sold out | 0.00% | −1.54 |
| CVE Cenovus Energy Inc. | Sold out | 0.00% | −1.50 |
| NXT Nextpower Inc. | Sold out | 0.00% | −1.38 |
| BE Bloom Energy Corp. Class A | Sold out | 0.00% | −1.31 |
| SU Suncor Energy Inc. | Sold out | 0.00% | −1.24 |
| EQNR Equinor ASA-Spon ADR | Sold out | 0.00% | −1.11 |
| NE Noble Corp. PLC | Reduce -34.6% | 0.79% | −1.09 |
| SDRL Seadrill Limited | Reduce -78.1% | 0.14% | −1.03 |
| EOG EOG Resources Inc. | Reduce -19.1% | 2.32% | −0.90 |
| FLNC Fluence Energy Inc. | Reduce -50.1% | 0.13% | −0.86 |
| LNG Cheniere Energy Inc. | Reduce -21.3% | 2.22% | −0.86 |
| EQT Eqt Corp. | Reduce -38.7% | 1.23% | −0.80 |
| HOS Hornbeck Offshore Services I | Reduce -30.9% | 0.86% | −0.78 |
| CRC California Resources Corp. | Sold out | 0.00% | −0.75 |
| TS Tenaris SA-ADR | Reduce -45.7% | 0.62% | −0.68 |
| MTZ Mastec Inc. | Reduce -44.3% | 0.44% | −0.65 |
| ARRY Array Technologies Inc. | Sold out | 0.00% | −0.54 |
| FSLR First Solar Inc. | Sold out | 0.00% | −0.50 |
| SGML Sigma Lithium Corp. | Reduce -24.9% | 0.62% | −0.42 |
| GEV GE Vernova Inc. | Reduce -22.9% | 0.65% | −0.42 |
| CLNE Clean Energy Fuels Corp. | Reduce -28.8% | 0.24% | −0.41 |
| ITRI Itron Inc. | Reduce -51.3% | 0.27% | −0.40 |
| NPWR Net Power Inc. | Reduce -26.5% | 0.07% | −0.38 |
| DK Delek US Holdings Inc. | Sold out | 0.00% | −0.36 |
| OKLO Oklo Inc. | Sold out | 0.00% | −0.34 |
| BKV BKV Corporation | Reduce -40.8% | 0.22% | −0.28 |
| SEDG Solaredge Technologies Inc. | Sold out | 0.00% | −0.26 |
| NOV Nov Inc. | Sold out | 0.00% | −0.25 |
| SHEL Shell PLC-ADR | Reduce -19.1% | 0.88% | −0.21 |
| RUN Sunrun Inc. | Sold out | 0.00% | −0.17 |
| BKR Baker Hughes Co. | Sold out | 0.00% | −0.15 |
| SM SM Energy Co. | Sold out | 0.00% | −0.12 |
| GTLS Chart Industries Inc. | Reduce -48.0% | 0.05% | −0.10 |
| OPAL Opal Fuels Inc. Class A | Reduce -15.8% | 0.06% | −0.09 |
| VIST Vista Energy Sab DE CV | Reduce -43.7% | 0.05% | −0.07 |
| BP BP PLC-Spons ADR | Sold out | 0.00% | −0.06 |
| BG Bunge Global SA | Sold out | 0.00% | −0.02 |
| TTE Totalenergies SE -Spon ADR | Reduce -3.0% | 0.60% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| OKE Oneok Inc. | New | 3.84% | +3.84 |
| WFRD Weatherford International PL | New | 3.19% | +3.19 |
| HAL Halliburton Co. | Add +425.2% | 4.06% | +3.09 |
| KNTK Kinetik Holdings Inc. | Add +6031.6% | 2.77% | +2.71 |
| CNQ Canadian Natural Resources | Add +261.9% | 2.65% | +1.79 |
| CTRA Coterra Energy Inc. | Add +71.1% | 4.39% | +1.73 |
| VNOM Viper Energy Inc. | Add +125.0% | 3.81% | +1.65 |
| GPOR Gulfport Energy Corp. | Add +111.6% | 3.62% | +1.61 |
| MTDR Matador Resources Co. | Add +218.1% | 2.48% | +1.47 |
| AR Antero Resources Corp. | Add +83.5% | 3.12% | +1.39 |
| PTEN Patterson-Uti Energy Inc. | Add +589.6% | 1.67% | +1.39 |
| PR Permian Resources Corp. Class A | Add +66.4% | 5.01% | +1.34 |
| DUK Duke Energy Corp. | New | 1.29% | +1.29 |
| LBRT Liberty Energy Inc. | New | 1.17% | +1.17 |
| ETN Eaton Corp. PLC | New | 1.14% | +1.14 |
| SRE Sempra | New | 1.12% | +1.12 |
| FTI Technipfmc PLC | Add +850.0% | 1.22% | +1.08 |
| VLO Valero Energy Corp. | New | 1.08% | +1.08 |
| EXE Expand Energy Corp. | Add +189.5% | 1.37% | +0.87 |
| TRP TC Energy Corp. | Add +37.5% | 4.32% | +0.68 |
| CRGY Crescent Energy Inc. Class A | New | 0.63% | +0.63 |
| GLW Corning Inc. | New | 0.49% | +0.49 |
| CHRD Chord Energy Corp. | Add +50.8% | 2.53% | +0.49 |
| PUMP Propetro Holding Corp. | New | 0.41% | +0.41 |
| APH Amphenol Corp. Class A | New | 0.40% | +0.40 |
| DY Dycom Industries Inc. | Add +174.2% | 0.76% | +0.39 |
| MGY Magnolia Oil & Gas Corp. Class A | Add +206.4% | 0.57% | +0.37 |
| XEL Xcel Energy Inc. | Add +48.4% | 1.48% | +0.36 |
| KMI Kinder Morgan Inc. | Add +21.1% | 5.18% | +0.35 |
| SEI Solaris Energy Infrastructur | Add +89.8% | 1.92% | +0.35 |
| DVN Devon Energy Corp. | Add +39.1% | 1.24% | +0.32 |
| STRL Sterling Infrastructure Inc. | New | 0.30% | +0.30 |
| INR Infinity Natural Resour Class A | New | 0.27% | +0.27 |
| DINO HF Sinclair Corp. | Add +53.1% | 1.46% | +0.27 |
| ACDC Profrac Holding Corp. Class A | New | 0.26% | +0.26 |
| TT Trane Technologies PLC | New | 0.25% | +0.25 |
| UGI Ugi Corp. | Add +11.7% | 2.37% | +0.24 |
| NESR National Energy Services Reu | New | 0.19% | +0.19 |
| TXNM TXNM Energy Inc. | Add +18.0% | 1.93% | +0.16 |
| MYRG MYR Group Inc./Delaware | New | 0.13% | +0.13 |
| JCI Johnson Controls Internation | New | 0.11% | +0.11 |
| LEU Centrus Energy Corp. Class A | New | 0.11% | +0.11 |
| EE Excelerate Energy Inc. Class A | New | 0.11% | +0.11 |
| CARR Carrier Global Corp. | New | 0.10% | +0.10 |
| NVT Nvent Electric PLC | New | 0.10% | +0.10 |
| OVV Ovintiv Inc. | Add +15.1% | 1.98% | +0.07 |
| ALB Albemarle Corp. | New | 0.07% | +0.07 |
| NEXT Nextdecade Corp. | New | 0.01% | +0.01 |
| TTI Tetra Technologies Inc. | Add +2.8% | 0.08% | −0.02 |
| NRG NRG Energy Inc. | Add +8.9% | 1.52% | −0.03 |
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 |