Sourcerock Group LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Sourcerock Group LLC reported 31 stock positions worth $1.2 billion. Its top holding was Civitas Resources (CIVI) at 12.7% of the portfolio, followed by Antero Resources (AR, 12.4%) and Chord Energy (CHRD, 9.7%). Compared with Q4 2023, it opened 9 new positions, sold out of 9, added to 18 and reduced 4. The biggest buy was Antero Resources (AR, shares +43%) and the biggest sale an exit from Halliburton (HAL).
- Most Recent 13F
- Q2 2026
- Location
- DENVER, CO
- CIK
- 0001822531
- Portfolio Value
- $1.2B (Q1 2024)
- SEC Filing
- 0001822531-24-000004 ↗ filed May 15, 2024
Holdings Value
Holdings 31 stocks · $1.2B
| CIVI Civitas Resources Inc. | 12.74% | 2,083,318 | $158.1M | Add +5.6% |
| AR Antero Resources Corp. | 12.39% | 5,301,797 | $153.8M | Add +43.4% |
| CHRD Chord Energy Corp. | 9.70% | 675,191 | $120.3M | Add +5.9% |
| TALO Talos Energy Inc. | 9.54% | 8,496,777 | $118.4M | Add +13.8% |
| NE Noble Corp. PLC | 8.84% | 2,262,141 | $109.7M | Add +7.7% |
| TS Tenaris SA-ADR | 7.76% | 2,453,576 | $96.4M | Add +85.8% |
| SDRL Seadrill Limited | 6.65% | 1,640,276 | $82.5M | Add +12.1% |
| ARRY Array Technologies Inc. | 5.82% | 4,847,574 | $72.3M | Add +10.0% |
| OVV Ovintiv Inc. | 4.73% | 1,131,864 | $58.7M | Add +25.1% |
| XPRO Expro Group Holdings NV | 4.23% | 2,627,368 | $52.5M | Reduce -14.9% |
| OII Oceaneering Intl Inc. | 4.14% | 2,198,009 | $51.4M | Add +72.9% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 2.86% | 648,000 | $35.5M | New |
| LNG Cheniere Energy Inc. | 1.77% | 135,958 | $21.9M | Add +322.2% |
| CX Cemex Sab-Spons ADR Part Cer | 1.66% | 2,289,864 | $20.6M | New |
| MRC MRC Global Inc. | 0.98% | 966,087 | $12.1M | Add +165.5% |
| MP MP Materials Corp. | 0.91% | 788,294 | $11.3M | New |
| MRO Marathon Oil Corp. | 0.82% | 360,334 | $10.2M | New |
| ACDC Profrac Holding Corp. Class A | 0.78% | 1,160,966 | $9.7M | New |
| FLNC Fluence Energy Inc. | 0.71% | 509,691 | $8.8M | New |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.57% | 108,679 | $7.1M | Reduce -27.8% |
| CMP Compass Minerals Internation | 0.49% | 383,482 | $6.0M | New |
| IEF iShares 7-10 Year Treasury B | 0.36% | 47,794 | $4.5M | Add +10.0% |
| TLT iShares 20+ Year Treasury BD | 0.36% | 47,079 | $4.5M | Add +24.9% |
| TRGP Targa Resources Corp. | 0.25% | 27,964 | $3.1M | Reduce -72.1% |
| ENB Enbridge Inc. | 0.24% | 82,200 | $3.0M | New |
| BTE Baytex Energy Corp. | 0.21% | 710,088 | $2.6M | New |
| PBA Pembina Pipeline Corp. | 0.18% | 64,275 | $2.3M | Add +10.0% |
| AY Atlantica Sustainable Infras | 0.12% | 78,869 | $1.5M | Add +33.9% |
| XEL Xcel Energy Inc. | 0.08% | 19,000 | $1.0M | Reduce -24.9% |
| ED Consolidated Edison Inc. | 0.05% | 6,600 | $599K | Add +10.0% |
| EXC Exelon Corp. | 0.05% | 15,620 | $587K | Add +10.0% |
Portfolio Sells Q4 2023 → Q1 2024
| HAL Halliburton Co. | Sold out | 0.00% | −3.76 |
| EXE Expand Energy Corp. | Sold out | 0.00% | −3.28 |
| DAR Darling Ingredients Inc. | Sold out | 0.00% | −1.97 |
| FSLR First Solar Inc. | Sold out | 0.00% | −1.59 |
| PTEN Patterson-Uti Energy Inc. | Sold out | 0.00% | −0.82 |
| ERF Enerplus Corp. | Sold out | 0.00% | −0.76 |
| XPRO Expro Group Holdings NV | Reduce -14.9% | 4.23% | −0.64 |
| TRGP Targa Resources Corp. | Reduce -72.1% | 0.25% | −0.61 |
| SWN Southwestern Energy Co. | Sold out | 0.00% | −0.58 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -27.8% | 0.57% | −0.37 |
| MTZ Mastec Inc. | Sold out | 0.00% | −0.19 |
| XEL Xcel Energy Inc. | Reduce -24.9% | 0.08% | −0.07 |
| XIFR XPLR Infrastructure LP | Sold out | 0.00% | −0.03 |
Portfolio Buys Q4 2023 → Q1 2024
| AR Antero Resources Corp. | Add +43.4% | 12.39% | +4.09 |
| TS Tenaris SA-ADR | Add +85.8% | 7.76% | +3.22 |
| SLB SLB Ltd. | New | 2.86% | +2.86 |
| CX Cemex Sab-Spons ADR Part Cer | New | 1.66% | +1.66 |
| OII Oceaneering Intl Inc. | Add +72.9% | 4.14% | +1.47 |
| LNG Cheniere Energy Inc. | Add +322.2% | 1.77% | +1.22 |
| MP MP Materials Corp. | New | 0.91% | +0.91 |
| MRO Marathon Oil Corp. | New | 0.82% | +0.82 |
| OVV Ovintiv Inc. | Add +25.1% | 4.73% | +0.80 |
| ACDC Profrac Holding Corp. Class A | New | 0.78% | +0.78 |
| FLNC Fluence Energy Inc. | New | 0.71% | +0.71 |
| MRC MRC Global Inc. | Add +165.5% | 0.98% | +0.58 |
| CMP Compass Minerals Internation | New | 0.49% | +0.49 |
| ENB Enbridge Inc. | New | 0.24% | +0.24 |
| BTE Baytex Energy Corp. | New | 0.21% | +0.21 |
| EXC Exelon Corp. | Add +10.0% | 0.05% | −0.00 |
| ED Consolidated Edison Inc. | Add +10.0% | 0.05% | −0.01 |
| AY Atlantica Sustainable Infras | Add +33.9% | 0.12% | −0.01 |
| TLT iShares 20+ Year Treasury BD | Add +24.9% | 0.36% | −0.01 |
| PBA Pembina Pipeline Corp. | Add +10.0% | 0.18% | −0.02 |
| IEF iShares 7-10 Year Treasury B | Add +10.0% | 0.36% | −0.05 |
| SDRL Seadrill Limited | Add +12.1% | 6.65% | −0.20 |
| CIVI Civitas Resources Inc. | Add +5.6% | 12.74% | −0.62 |
| CHRD Chord Energy Corp. | Add +5.9% | 9.70% | −0.80 |
| TALO Talos Energy Inc. | Add +13.8% | 9.54% | −0.98 |
| NE Noble Corp. PLC | Add +7.7% | 8.84% | −1.18 |
| ARRY Array Technologies Inc. | Add +10.0% | 5.82% | −1.51 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 36 | $1.9B | AR, CRC, PTEN, CHRD, HAL |
| Q1 2026 | 39 | $2.4B | AR, CRC, CHRD, NE, PTEN |
| Q4 2025 | 36 | $1.7B | AR, CRC, CENX, NE, TALO |
| Q3 2025 | 35 | $1.5B | AR, CRC, NE, TALO, CHRD |
| Q2 2025 | 39 | $1.9B | AR, EQT, NE, TS, CHRD |
| Q1 2025 | 38 | $1.8B | AR, EQT, CIVI, CHRD, TALO |
| Q4 2024 | 35 | $1.4B | AR, EQT, CIVI, TALO, NE |
| Q3 2024 | 34 | $1.2B | AR, EQT, CIVI, TALO, NE |
| Q2 2024 | 34 | $1.4B | AR, CIVI, EQT, TALO, TS |
| Q1 2024 | 31 | $1.2B | CIVI, AR, CHRD, TALO, NE |