Sourcerock Group LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Sourcerock Group LLC reported 34 stock positions worth $1.2 billion. Its top holding was Antero Resources (AR) at 14.2% of the portfolio, followed by Eqt (EQT, 12.5%) and Civitas Resources (CIVI, 9.9%). Compared with Q2 2024, it opened 10 new positions, sold out of 10, added to 12 and reduced 8. The biggest buy was Eqt (EQT, shares +16%) and the biggest sale Expro (XPRO, shares −55%).
- Most Recent 13F
- Q2 2026
- Location
- DENVER, CO
- CIK
- 0001822531
- Portfolio Value
- $1.2B (Q3 2024)
- SEC Filing
- 0001822531-24-000009 ↗ filed Nov 14, 2024
Holdings Value
Holdings 34 stocks · $1.2B
| AR Antero Resources Corp. | 14.19% | 6,124,656 | $175.5M | Add +3.7% |
| EQT Eqt Corp. | 12.54% | 4,229,725 | $155.0M | Add +16.0% |
| CIVI Civitas Resources Inc. | 9.87% | 2,408,989 | $122.1M | Add +9.1% |
| TALO Talos Energy Inc. | 7.72% | 9,219,663 | $95.4M | Add +6.4% |
| NE Noble Corp. PLC | 7.18% | 2,456,406 | $88.8M | Add +27.1% |
| TS Tenaris SA-ADR | 5.57% | 2,166,500 | $68.9M | Reduce -28.9% |
| CRC California Resources Corp. | 4.33% | 1,018,966 | $53.5M | Add +43.1% |
| ARRY Array Technologies Inc. | 3.97% | 7,433,751 | $49.1M | Add +4.2% |
| SDRL Seadrill Limited | 3.87% | 1,204,582 | $47.9M | Add +1.2% |
| FCX Freeport-McMoran Inc. | 2.97% | 736,000 | $36.7M | New |
| OII Oceaneering Intl Inc. | 2.59% | 1,288,248 | $32.0M | Reduce -55.0% |
| TRP TC Energy Corp. | 2.58% | 671,366 | $31.9M | New |
| MP MP Materials Corp. | 2.56% | 1,793,845 | $31.7M | Add +3.8% |
| LNG Cheniere Energy Inc. | 2.26% | 155,322 | $27.9M | Reduce -34.3% |
| EXE Expand Energy Corp. filed as CHESAPEAKE ENERGY CORP | 2.23% | 335,057 | $27.6M | New |
| CX Cemex Sab-Spons ADR Part Cer | 2.18% | 4,419,336 | $27.0M | Add +27.4% |
| XPRO Expro Group Holdings NV | 2.17% | 1,561,426 | $26.8M | Reduce -54.9% |
| AA Alcoa Corp. | 1.47% | 472,000 | $18.2M | New |
| BKR Baker Hughes Co. | 1.46% | 500,085 | $18.1M | New |
| BKV BKV Corporation | 1.26% | 850,000 | $15.5M | New |
| CENX Century Aluminum Company | 1.22% | 932,391 | $15.1M | New |
| CHRD Chord Energy Corp. | 1.05% | 100,000 | $13.0M | Reduce -72.6% |
| SGML Sigma Lithium Corp. | 0.95% | 950,212 | $11.7M | Add +538.6% |
| ENB Enbridge Inc. | 0.73% | 221,400 | $9.0M | New |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.62% | 94,255 | $7.6M | No change |
| UGI Ugi Corp. | 0.62% | 304,300 | $7.6M | New |
| MLI Mueller Industries Inc. | 0.52% | 87,270 | $6.5M | Add +1.3% |
| MRC MRC Global Inc. | 0.51% | 494,104 | $6.3M | Reduce -49.7% |
| IEF iShares 7-10 Year Treasury B | 0.21% | 26,666 | $2.6M | Reduce -44.2% |
| XEL Xcel Energy Inc. | 0.17% | 32,689 | $2.1M | No change |
| TLT iShares 20+ Year Treasury BD | 0.16% | 19,900 | $2.0M | Reduce -57.7% |
| CNP Centerpoint Energy Inc. | 0.15% | 62,700 | $1.8M | New |
| ED Consolidated Edison Inc. | 0.06% | 6,596 | $687K | No change |
| EXC Exelon Corp. | 0.05% | 15,610 | $633K | No change |
Portfolio Sells Q2 2024 → Q3 2024
| XPRO Expro Group Holdings NV | Reduce -54.9% | 2.17% | −3.46 |
| CHRD Chord Energy Corp. | Reduce -72.6% | 1.05% | −3.28 |
| SLB SLB Ltd. | Sold out | 0.00% | −3.01 |
| OII Oceaneering Intl Inc. | Reduce -55.0% | 2.59% | −2.20 |
| OVV Ovintiv Inc. | Sold out | 0.00% | −1.82 |
| NOV Nov Inc. | Sold out | 0.00% | −1.54 |
| FSLR First Solar Inc. | Sold out | 0.00% | −1.20 |
| TS Tenaris SA-ADR | Reduce -28.9% | 5.57% | −1.02 |
| NOVAQ Sunnova Energy International | Sold out | 0.00% | −0.82 |
| LNG Cheniere Energy Inc. | Reduce -34.3% | 2.26% | −0.67 |
| MUR Murphy Oil Corp. | Sold out | 0.00% | −0.58 |
| STNG Scorpio Tankers Inc. | Sold out | 0.00% | −0.58 |
| MRC MRC Global Inc. | Reduce -49.7% | 0.51% | −0.39 |
| NXT Nextpower Inc. | Sold out | 0.00% | −0.35 |
| PBA Pembina Pipeline Corp. | Sold out | 0.00% | −0.17 |
| TLT iShares 20+ Year Treasury BD | Reduce -57.7% | 0.16% | −0.15 |
| IEF iShares 7-10 Year Treasury B | Reduce -44.2% | 0.21% | −0.11 |
| KGS Kodiak Gas Services Inc. | Sold out | 0.00% | −0.07 |
Portfolio Buys Q2 2024 → Q3 2024
| EQT Eqt Corp. | Add +16.0% | 12.54% | +2.98 |
| FCX Freeport-McMoran Inc. | New | 2.97% | +2.97 |
| TRP TC Energy Corp. | New | 2.58% | +2.58 |
| EXE Expand Energy Corp. | New | 2.23% | +2.23 |
| CRC California Resources Corp. | Add +43.1% | 4.33% | +1.64 |
| AA Alcoa Corp. | New | 1.47% | +1.47 |
| BKR Baker Hughes Co. | New | 1.46% | +1.46 |
| BKV BKV Corporation | New | 1.26% | +1.26 |
| CENX Century Aluminum Company | New | 1.22% | +1.22 |
| NE Noble Corp. PLC | Add +27.1% | 7.18% | +1.06 |
| MP MP Materials Corp. | Add +3.8% | 2.56% | +1.00 |
| SGML Sigma Lithium Corp. | Add +538.6% | 0.95% | +0.82 |
| ENB Enbridge Inc. | New | 0.73% | +0.73 |
| UGI Ugi Corp. | New | 0.62% | +0.62 |
| CX Cemex Sab-Spons ADR Part Cer | Add +27.4% | 2.18% | +0.61 |
| AR Antero Resources Corp. | Add +3.7% | 14.19% | +0.54 |
| TALO Talos Energy Inc. | Add +6.4% | 7.72% | +0.26 |
| MLI Mueller Industries Inc. | Add +1.3% | 0.52% | +0.18 |
| CNP Centerpoint Energy Inc. | New | 0.15% | +0.15 |
| SDRL Seadrill Limited | Add +1.2% | 3.87% | −0.47 |
| CIVI Civitas Resources Inc. | Add +9.1% | 9.87% | −0.92 |
| ARRY Array Technologies Inc. | Add +4.2% | 3.97% | −1.22 |
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 |