SIR Capital Management, L.P.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), SIR Capital Management, L.P. reported 78 stock positions worth $1.1 billion. Its top holding was Viper Energy Class A (VNOM) at 7.4% of the portfolio, followed by Permian Resources Class A (PR, 5.6%) and Kinder Morgan (KMI, 4.6%). Compared with Q2 2025, it opened 18 new positions, sold out of 27, added to 27 and reduced 31. The biggest buy was a new position in Viper Energy Class A (VNOM) and the biggest sale an exit from Viper Energy (VNOM).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001434997
- Portfolio Value
- $1.1B (Q3 2025)
- SEC Filing
- 0001434997-25-000007 ↗ filed Nov 14, 2025
Holdings Value
Holdings 78 stocks · $1.1B
| VNOM Viper Energy Inc. Class A | 7.36% | 2,146,435 | $82.0M | New |
| PR Permian Resources Corp. Class A | 5.64% | 4,908,820 | $62.8M | Add +25.1% |
| KMI Kinder Morgan Inc. | 4.62% | 1,820,879 | $51.5M | Reduce -11.2% |
| DVN Devon Energy Corp. | 4.59% | 1,459,752 | $51.2M | Add +15.3% |
| OKE Oneok Inc. | 4.29% | 654,973 | $47.8M | Add +54.0% |
| TRP TC Energy Corp. | 4.03% | 825,282 | $44.9M | Reduce -19.8% |
| MGY Magnolia Oil & Gas Corp. Class A | 3.73% | 1,740,161 | $41.5M | Add +25.1% |
| AR Antero Resources Corp. | 2.88% | 958,204 | $32.2M | Add +3.6% |
| MUR Murphy Oil Corp. | 2.77% | 1,087,500 | $30.9M | New |
| SEI Solaris Energy Infrastructur | 2.74% | 763,894 | $30.5M | Reduce -26.0% |
| DINO HF Sinclair Corp. | 2.74% | 582,936 | $30.5M | Add +176.3% |
| MTZ Mastec Inc. | 2.57% | 134,788 | $28.7M | Add +91.5% |
| AM Antero Midstream Corp. | 2.41% | 1,383,349 | $26.9M | Add +1086.9% |
| SRE Sempra | 2.32% | 287,538 | $25.9M | Add +11.5% |
| CTRA Coterra Energy Inc. | 2.31% | 1,089,574 | $25.8M | Reduce -53.3% |
| WMB Williams Cos Inc. | 2.13% | 375,200 | $23.8M | New |
| CVE Cenovus Energy Inc. | 2.10% | 1,377,000 | $23.4M | Add +144.7% |
| CRC California Resources Corp. | 1.80% | 377,760 | $20.1M | New |
| EVGO Evgo Inc. | 1.74% | 4,111,031 | $19.4M | Reduce -5.2% |
| DUK Duke Energy Corp. | 1.72% | 154,784 | $19.2M | Add +11.2% |
| NEE Nextera Energy Inc. | 1.56% | 230,700 | $17.4M | New |
| GPOR Gulfport Energy Corp. | 1.52% | 93,535 | $16.9M | Reduce -39.8% |
| LNG Cheniere Energy Inc. | 1.35% | 64,263 | $15.1M | Add +78.9% |
| GLW Corning Inc. | 1.30% | 176,803 | $14.5M | Reduce -24.6% |
| EXC Exelon Corp. | 1.29% | 320,400 | $14.4M | Reduce -8.1% |
| XEL Xcel Energy Inc. | 1.26% | 174,489 | $14.1M | Add +8.1% |
| CNQ Canadian Natural Resources | 1.26% | 438,100 | $14.0M | Add +101.1% |
| ETN Eaton Corp. PLC | 1.22% | 36,354 | $13.6M | Reduce -11.4% |
| VRT Vertiv Holdings Co. Class A | 1.20% | 89,032 | $13.4M | Add +7.1% |
| FCX Freeport-McMoran Inc. | 1.19% | 338,556 | $13.3M | New |
| NVT Nvent Electric PLC | 1.14% | 128,745 | $12.7M | Add +112.3% |
| WHD Cactus Inc. Class A | 1.10% | 312,117 | $12.3M | New |
| HAL Halliburton Co. | 1.09% | 495,300 | $12.2M | Add +41.8% |
| SDRL Seadrill Limited | 1.02% | 377,647 | $11.4M | Add +804.1% |
| TS Tenaris SA-ADR | 0.93% | 290,097 | $10.4M | Reduce -57.9% |
| TRGP Targa Resources Corp. | 0.91% | 60,596 | $10.2M | New |
| EE Excelerate Energy Inc. Class A | 0.91% | 401,628 | $10.1M | Reduce -2.5% |
| KNTK Kinetik Holdings Inc. | 0.87% | 227,722 | $9.7M | Reduce -71.9% |
| SGML Sigma Lithium Corp. | 0.86% | 1,503,190 | $9.6M | Reduce -10.8% |
| UGI Ugi Corp. | 0.83% | 278,717 | $9.3M | Reduce -53.0% |
| NXT Nextpower Inc. filed as NEXTRACKER INC | 0.70% | 105,029 | $7.8M | Add +119.7% |
| DY Dycom Industries Inc. | 0.69% | 26,477 | $7.7M | Reduce -29.9% |
| JCI Johnson Controls Internation | 0.68% | 69,067 | $7.6M | Add +203.5% |
| CCJ Cameco Corp. | 0.67% | 89,300 | $7.5M | Add +126.1% |
| TT Trane Technologies PLC | 0.61% | 16,200 | $6.8M | Add +199.2% |
| HBM Hudbay Minerals Inc. | 0.61% | 448,800 | $6.8M | New |
| OII Oceaneering Intl Inc. | 0.61% | 272,400 | $6.8M | New |
| LEU Centrus Energy Corp. Class A | 0.59% | 21,232 | $6.6M | New |
| NE Noble Corp. PLC | 0.55% | 218,600 | $6.2M | New |
| XPRO Expro Group Holdings NV | 0.49% | 463,450 | $5.5M | Reduce -62.6% |
| ITT Itt Inc. | 0.48% | 29,700 | $5.3M | Reduce -21.4% |
| PTEN Patterson-Uti Energy Inc. | 0.47% | 1,015,181 | $5.3M | Add +3.0% |
| NRG NRG Energy Inc. | 0.46% | 31,691 | $5.1M | Add +89.9% |
| CLNE Clean Energy Fuels Corp. | 0.42% | 1,794,795 | $4.6M | No change |
| MOD Modine Manufacturing Co. | 0.34% | 26,800 | $3.8M | Reduce -35.1% |
| FIX Comfort Systems USA Inc. | 0.33% | 4,400 | $3.6M | New |
| FTI Technipfmc PLC | 0.32% | 91,518 | $3.6M | Add +59.1% |
| IMSR Terrestrial Energy Inc. filed as HCM II ACQUISITION CORP | 0.32% | 217,600 | $3.6M | New |
| AESI Atlas Energy Solutions Inc. | 0.32% | 310,841 | $3.5M | Reduce -39.6% |
| PDS Precision Drilling Corp. | 0.28% | 55,978 | $3.2M | Add +367.3% |
| URI United Rentals Inc. | 0.28% | 3,300 | $3.2M | Reduce -19.5% |
| ITRI Itron Inc. | 0.28% | 25,200 | $3.1M | Add +3.3% |
| GEV GE Vernova Inc. | 0.28% | 5,000 | $3.1M | Reduce -72.8% |
| CAT Caterpillar Inc. | 0.24% | 5,600 | $2.7M | New |
| UUUU Energy Fuels Inc. | 0.22% | 161,600 | $2.5M | Reduce -62.6% |
| APH Amphenol Corp. Class A | 0.21% | 18,800 | $2.3M | New |
| ARRY Array Technologies Inc. | 0.18% | 251,700 | $2.1M | Reduce -28.7% |
| WBI Waterbridge Infrastruc Class A | 0.17% | 76,300 | $1.9M | New |
| HESM Hess Midstream LP Class A | 0.14% | 45,500 | $1.6M | Reduce -77.8% |
| FLR Fluor Corp. | 0.13% | 35,600 | $1.5M | Reduce -76.4% |
| BE Bloom Energy Corp. Class A | 0.11% | 14,000 | $1.2M | New |
| TTI Tetra Technologies Inc. | 0.10% | 195,546 | $1.1M | Reduce -13.6% |
| BKV BKV Corporation | 0.10% | 47,800 | $1.1M | Reduce -84.0% |
| NESR National Energy Services Reu | 0.09% | 95,613 | $981K | Reduce -67.2% |
| OPAL Opal Fuels Inc. Class A | 0.07% | 373,849 | $822K | No change |
| VST Vistra Corp. | 0.05% | 2,900 | $568K | Reduce -92.0% |
| PUMP Propetro Holding Corp. | 0.04% | 91,300 | $478K | Reduce -88.8% |
| NPWR Net Power Inc. | 0.03% | 103,178 | $311K | Reduce -65.6% |
Portfolio Sells Q2 2025 → Q3 2025
| VNOM Viper Energy Inc. | Sold out | 0.00% | −5.20 |
| EQT Eqt Corp. | Sold out | 0.00% | −3.83 |
| CHRD Chord Energy Corp. | Sold out | 0.00% | −3.26 |
| CTRA Coterra Energy Inc. | Reduce -53.3% | 2.31% | −2.97 |
| KNTK Kinetik Holdings Inc. | Reduce -71.9% | 0.87% | −2.31 |
| MTDR Matador Resources Co. | Sold out | 0.00% | −1.50 |
| TS Tenaris SA-ADR | Reduce -57.9% | 0.93% | −1.37 |
| NEXT Nextdecade Corp. | Sold out | 0.00% | −1.32 |
| PSX Phillips 66 | Sold out | 0.00% | −1.29 |
| GPOR Gulfport Energy Corp. | Reduce -39.8% | 1.52% | −1.27 |
| UGI Ugi Corp. | Reduce -53.0% | 0.83% | −1.09 |
| CC The Chemours Co. | Sold out | 0.00% | −0.98 |
| WFRD Weatherford International PL | Sold out | 0.00% | −0.92 |
| BG Bunge Global SA | Sold out | 0.00% | −0.81 |
| CRGY Crescent Energy Inc. Class A | Sold out | 0.00% | −0.76 |
| KMI Kinder Morgan Inc. | Reduce -11.2% | 4.62% | −0.75 |
| FLS Flowserve Corp. | Sold out | 0.00% | −0.70 |
| HOS Hornbeck Offshore Services I | Sold out | 0.00% | −0.68 |
| LBRT Liberty Energy Inc. | Sold out | 0.00% | −0.67 |
| DK Delek US Holdings Inc. | Sold out | 0.00% | −0.67 |
| BKR Baker Hughes Co. | Sold out | 0.00% | −0.60 |
| GEV GE Vernova Inc. | Reduce -72.8% | 0.28% | −0.59 |
| VST Vistra Corp. | Reduce -92.0% | 0.05% | −0.58 |
| EMR Emerson Electric Co. | Sold out | 0.00% | −0.56 |
| HESM Hess Midstream LP Class A | Reduce -77.8% | 0.14% | −0.56 |
| FLR Fluor Corp. | Reduce -76.4% | 0.13% | −0.56 |
| BKV BKV Corporation | Reduce -84.0% | 0.10% | −0.54 |
| ARIS WATER SOLUTIONS INC-A | Sold out | 0.00% | −0.51 |
| SHEL Shell PLC-ADR | Sold out | 0.00% | −0.51 |
| XPRO Expro Group Holdings NV | Reduce -62.6% | 0.49% | −0.46 |
| TRP TC Energy Corp. | Reduce -19.8% | 4.03% | −0.45 |
| PUMP Propetro Holding Corp. | Reduce -88.8% | 0.04% | −0.39 |
| UEC Uranium Energy Corp. | Sold out | 0.00% | −0.34 |
| AESI Atlas Energy Solutions Inc. | Reduce -39.6% | 0.32% | −0.30 |
| TTE Totalenergies SE -Spon ADR | Sold out | 0.00% | −0.28 |
| STRL Sterling Infrastructure Inc. | Sold out | 0.00% | −0.25 |
| CARR Carrier Global Corp. | Sold out | 0.00% | −0.17 |
| EE Excelerate Energy Inc. Class A | Reduce -2.5% | 0.91% | −0.17 |
| MYRG MYR Group Inc./Delaware | Sold out | 0.00% | −0.15 |
| GLNG Golar LNG Ltd. | Sold out | 0.00% | −0.15 |
| DY Dycom Industries Inc. | Reduce -29.9% | 0.69% | −0.13 |
| VLO Valero Energy Corp. | Sold out | 0.00% | −0.12 |
| OVV Ovintiv Inc. | Sold out | 0.00% | −0.11 |
| ETN Eaton Corp. PLC | Reduce -11.4% | 1.22% | −0.09 |
| NESR National Energy Services Reu | Reduce -67.2% | 0.09% | −0.07 |
| EXC Exelon Corp. | Reduce -8.1% | 1.29% | −0.06 |
| ITT Itt Inc. | Reduce -21.4% | 0.48% | −0.05 |
| VIST Vista Energy Sab DE CV | Sold out | 0.00% | −0.04 |
| NPWR Net Power Inc. | Reduce -65.6% | 0.03% | −0.04 |
| MOD Modine Manufacturing Co. | Reduce -35.1% | 0.34% | −0.02 |
Portfolio Buys Q2 2025 → Q3 2025
| VNOM Viper Energy Inc. Class A | New | 7.36% | +7.36 |
| MUR Murphy Oil Corp. | New | 2.77% | +2.77 |
| AM Antero Midstream Corp. | Add +1086.9% | 2.41% | +2.21 |
| WMB Williams Cos Inc. | New | 2.13% | +2.13 |
| DINO HF Sinclair Corp. | Add +176.3% | 2.74% | +1.96 |
| CRC California Resources Corp. | New | 1.80% | +1.80 |
| NEE Nextera Energy Inc. | New | 1.56% | +1.56 |
| MTZ Mastec Inc. | Add +91.5% | 2.57% | +1.50 |
| CVE Cenovus Energy Inc. | Add +144.7% | 2.10% | +1.42 |
| FCX Freeport-McMoran Inc. | New | 1.19% | +1.19 |
| OKE Oneok Inc. | Add +54.0% | 4.29% | +1.19 |
| WHD Cactus Inc. Class A | New | 1.10% | +1.10 |
| DVN Devon Energy Corp. | Add +15.3% | 4.59% | +1.00 |
| MGY Magnolia Oil & Gas Corp. Class A | Add +25.1% | 3.73% | +0.94 |
| SDRL Seadrill Limited | Add +804.1% | 1.02% | +0.93 |
| TRGP Targa Resources Corp. | New | 0.91% | +0.91 |
| PR Permian Resources Corp. Class A | Add +25.1% | 5.64% | +0.87 |
| NVT Nvent Electric PLC | Add +112.3% | 1.14% | +0.74 |
| CNQ Canadian Natural Resources | Add +101.1% | 1.26% | +0.65 |
| HBM Hudbay Minerals Inc. | New | 0.61% | +0.61 |
| OII Oceaneering Intl Inc. | New | 0.61% | +0.61 |
| LEU Centrus Energy Corp. Class A | New | 0.59% | +0.59 |
| SRE Sempra | Add +11.5% | 2.32% | +0.58 |
| LNG Cheniere Energy Inc. | Add +78.9% | 1.35% | +0.57 |
| NE Noble Corp. PLC | New | 0.55% | +0.55 |
| JCI Johnson Controls Internation | Add +203.5% | 0.68% | +0.47 |
| NXT Nextpower Inc. | Add +119.7% | 0.70% | +0.47 |
| HAL Halliburton Co. | Add +41.8% | 1.09% | +0.46 |
| CCJ Cameco Corp. | Add +126.1% | 0.67% | +0.41 |
| TT Trane Technologies PLC | Add +199.2% | 0.61% | +0.40 |
| FIX Comfort Systems USA Inc. | New | 0.33% | +0.33 |
| IMSR Terrestrial Energy Inc. | New | 0.32% | +0.32 |
| XEL Xcel Energy Inc. | Add +8.1% | 1.26% | +0.28 |
| DUK Duke Energy Corp. | Add +11.2% | 1.72% | +0.25 |
| VRT Vertiv Holdings Co. Class A | Add +7.1% | 1.20% | +0.25 |
| CAT Caterpillar Inc. | New | 0.24% | +0.24 |
| PDS Precision Drilling Corp. | Add +367.3% | 0.28% | +0.23 |
| NRG NRG Energy Inc. | Add +89.9% | 0.46% | +0.22 |
| APH Amphenol Corp. Class A | New | 0.21% | +0.21 |
| WBI Waterbridge Infrastruc Class A | New | 0.17% | +0.17 |
| FTI Technipfmc PLC | Add +59.1% | 0.32% | +0.15 |
| BE Bloom Energy Corp. Class A | New | 0.11% | +0.11 |
| ITRI Itron Inc. | Add +3.3% | 0.28% | −0.01 |
| PTEN Patterson-Uti Energy Inc. | Add +3.0% | 0.47% | −0.05 |
| AR Antero Resources Corp. | Add +3.6% | 2.88% | −0.44 |
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 |