Sourcerock Group LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Sourcerock Group LLC reported 35 stock positions worth $1.4 billion. Its top holding was Antero Resources (AR) at 15.8% of the portfolio, followed by Eqt (EQT, 15.2%) and Civitas Resources (CIVI, 9.5%). Compared with Q3 2024, it opened 12 new positions, sold out of 11, added to 14 and reduced 9. The biggest buy was Alcoa (AA, shares +319%) and the biggest sale an exit from Array Technologies (ARRY).
- Most Recent 13F
- Q2 2026
- Location
- DENVER, CO
- CIK
- 0001822531
- Portfolio Value
- $1.4B (Q4 2024)
- SEC Filing
- 0001822531-25-000002 ↗ filed Feb 14, 2025
Holdings Value
Holdings 35 stocks · $1.4B
| AR Antero Resources Corp. | 15.82% | 6,355,724 | $222.8M | Add +3.8% |
| EQT Eqt Corp. | 15.16% | 4,628,798 | $213.4M | Add +9.4% |
| CIVI Civitas Resources Inc. | 9.49% | 2,913,774 | $133.7M | Add +20.9% |
| TALO Talos Energy Inc. | 6.59% | 9,550,772 | $92.7M | Add +3.6% |
| NE Noble Corp. PLC | 6.27% | 2,809,843 | $88.2M | Add +14.4% |
| TS Tenaris SA-ADR | 5.62% | 2,093,622 | $79.1M | Reduce -3.4% |
| AA Alcoa Corp. | 5.31% | 1,978,009 | $74.7M | Add +319.1% |
| CRC California Resources Corp. | 4.00% | 1,084,947 | $56.3M | Add +6.5% |
| EXE Expand Energy Corp. | 3.31% | 467,571 | $46.5M | Add +39.5% |
| SDRL Seadrill Limited | 2.80% | 1,011,438 | $39.4M | Reduce -16.0% |
| CHRD Chord Energy Corp. | 2.61% | 314,870 | $36.8M | Add +214.9% |
| UGI Ugi Corp. | 2.05% | 1,025,000 | $28.9M | Add +236.8% |
| DVN Devon Energy Corp. | 1.82% | 785,000 | $25.7M | New |
| FCX Freeport-McMoran Inc. | 1.50% | 553,409 | $21.1M | Reduce -24.8% |
| LNG Cheniere Energy Inc. | 1.48% | 97,050 | $20.9M | Reduce -37.5% |
| NXT Nextpower Inc. filed as NEXTRACKER INC | 1.32% | 510,568 | $18.7M | New |
| BKV BKV Corporation | 1.20% | 708,516 | $16.8M | Reduce -16.6% |
| ENB Enbridge Inc. | 1.11% | 368,500 | $15.6M | Add +66.4% |
| SGML Sigma Lithium Corp. | 1.11% | 1,387,222 | $15.6M | Add +46.0% |
| PTEN Patterson-Uti Energy Inc. | 1.01% | 1,724,000 | $14.2M | New |
| PUMP Propetro Holding Corp. | 1.00% | 1,508,979 | $14.1M | New |
| OKE Oneok Inc. | 0.94% | 132,000 | $13.3M | New |
| SR Spire Inc. | 0.89% | 185,265 | $12.6M | New |
| BKR Baker Hughes Co. | 0.87% | 300,000 | $12.3M | Reduce -40.0% |
| HAL Halliburton Co. | 0.85% | 440,780 | $12.0M | New |
| XEL Xcel Energy Inc. | 0.78% | 163,445 | $11.0M | Add +400.0% |
| CX Cemex Sab-Spons ADR Part Cer | 0.77% | 1,933,206 | $10.9M | Reduce -56.3% |
| UNG US Natural Gas Fund LP | 0.74% | 619,052 | $10.4M | New |
| XPRO Expro Group Holdings NV | 0.71% | 805,492 | $10.0M | Reduce -48.4% |
| DTM DT Midstream Inc. | 0.71% | 100,000 | $9.9M | New |
| KGS Kodiak Gas Services Inc. | 0.53% | 182,500 | $7.5M | New |
| MRC MRC Global Inc. | 0.46% | 501,890 | $6.4M | Add +1.6% |
| LNT Alliant Energy Corp. | 0.44% | 104,180 | $6.2M | New |
| CENX Century Aluminum Company | 0.38% | 294,397 | $5.4M | Reduce -68.4% |
| DAR Darling Ingredients Inc. | 0.36% | 150,000 | $5.1M | New |
Portfolio Sells Q3 2024 → Q4 2024
| ARRY Array Technologies Inc. | Sold out | 0.00% | −3.97 |
| OII Oceaneering Intl Inc. | Sold out | 0.00% | −2.59 |
| TRP TC Energy Corp. | Sold out | 0.00% | −2.58 |
| MP MP Materials Corp. | Sold out | 0.00% | −2.56 |
| FCX Freeport-McMoran Inc. | Reduce -24.8% | 1.50% | −1.48 |
| XPRO Expro Group Holdings NV | Reduce -48.4% | 0.71% | −1.46 |
| CX Cemex Sab-Spons ADR Part Cer | Reduce -56.3% | 0.77% | −1.41 |
| SDRL Seadrill Limited | Reduce -16.0% | 2.80% | −1.08 |
| CENX Century Aluminum Company | Reduce -68.4% | 0.38% | −0.84 |
| LNG Cheniere Energy Inc. | Reduce -37.5% | 1.48% | −0.78 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Sold out | 0.00% | −0.62 |
| BKR Baker Hughes Co. | Reduce -40.0% | 0.87% | −0.59 |
| MLI Mueller Industries Inc. | Sold out | 0.00% | −0.52 |
| IEF iShares 7-10 Year Treasury B | Sold out | 0.00% | −0.21 |
| TLT iShares 20+ Year Treasury BD | Sold out | 0.00% | −0.16 |
| CNP Centerpoint Energy Inc. | Sold out | 0.00% | −0.15 |
| BKV BKV Corporation | Reduce -16.6% | 1.20% | −0.06 |
| ED Consolidated Edison Inc. | Sold out | 0.00% | −0.06 |
| EXC Exelon Corp. | Sold out | 0.00% | −0.05 |
| TS Tenaris SA-ADR | Reduce -3.4% | 5.62% | +0.05 |
Portfolio Buys Q3 2024 → Q4 2024
| AA Alcoa Corp. | Add +319.1% | 5.31% | +3.83 |
| EQT Eqt Corp. | Add +9.4% | 15.16% | +2.62 |
| DVN Devon Energy Corp. | New | 1.82% | +1.82 |
| AR Antero Resources Corp. | Add +3.8% | 15.82% | +1.63 |
| CHRD Chord Energy Corp. | Add +214.9% | 2.61% | +1.56 |
| UGI Ugi Corp. | Add +236.8% | 2.05% | +1.44 |
| NXT Nextpower Inc. | New | 1.32% | +1.32 |
| EXE Expand Energy Corp. | Add +39.5% | 3.31% | +1.08 |
| PTEN Patterson-Uti Energy Inc. | New | 1.01% | +1.01 |
| PUMP Propetro Holding Corp. | New | 1.00% | +1.00 |
| OKE Oneok Inc. | New | 0.94% | +0.94 |
| SR Spire Inc. | New | 0.89% | +0.89 |
| HAL Halliburton Co. | New | 0.85% | +0.85 |
| UNG US Natural Gas Fund LP | New | 0.74% | +0.74 |
| DTM DT Midstream Inc. | New | 0.71% | +0.71 |
| XEL Xcel Energy Inc. | Add +400.0% | 0.78% | +0.61 |
| KGS Kodiak Gas Services Inc. | New | 0.53% | +0.53 |
| LNT Alliant Energy Corp. | New | 0.44% | +0.44 |
| ENB Enbridge Inc. | Add +66.4% | 1.11% | +0.38 |
| DAR Darling Ingredients Inc. | New | 0.36% | +0.36 |
| SGML Sigma Lithium Corp. | Add +46.0% | 1.11% | +0.16 |
| MRC MRC Global Inc. | Add +1.6% | 0.46% | −0.05 |
| CRC California Resources Corp. | Add +6.5% | 4.00% | −0.33 |
| CIVI Civitas Resources Inc. | Add +20.9% | 9.49% | −0.38 |
| NE Noble Corp. PLC | Add +14.4% | 6.27% | −0.92 |
| TALO Talos Energy Inc. | Add +3.6% | 6.59% | −1.13 |
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 |