Sourcerock Group LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Sourcerock Group LLC reported 39 stock positions worth $1.9 billion. Its top holding was Antero Resources (AR) at 17.1% of the portfolio, followed by Eqt (EQT, 8.3%) and Noble (NE, 7.2%). Compared with Q1 2025, it opened 12 new positions, sold out of 11, added to 15 and reduced 12. The biggest buy was a new position in Fluor (FLR) and the biggest sale Eqt (EQT, shares −50%).
- Most Recent 13F
- Q2 2026
- Location
- DENVER, CO
- CIK
- 0001822531
- Portfolio Value
- $1.9B (Q2 2025)
- SEC Filing
- 0001822531-25-000007 ↗ filed Aug 14, 2025
Holdings Value
Holdings 39 stocks · $1.9B
| AR Antero Resources Corp. | 17.13% | 8,156,134 | $328.5M | Add +10.6% |
| EQT Eqt Corp. | 8.29% | 2,726,585 | $159.0M | Reduce -49.8% |
| NE Noble Corp. PLC | 7.18% | 5,184,346 | $137.6M | Add +28.8% |
| TS Tenaris SA-ADR | 6.02% | 3,086,075 | $115.4M | Add +25.9% |
| CHRD Chord Energy Corp. | 5.21% | 1,031,973 | $99.9M | Add +2.1% |
| CIVI Civitas Resources Inc. | 5.20% | 3,624,971 | $99.8M | Reduce -19.9% |
| TALO Talos Energy Inc. | 4.95% | 11,193,177 | $94.9M | Add +11.0% |
| CRC California Resources Corp. | 4.76% | 2,000,649 | $91.4M | Add +63.8% |
| AA Alcoa Corp. | 4.51% | 2,933,160 | $86.6M | Reduce -5.4% |
| FLR Fluor Corp. | 4.45% | 1,664,266 | $85.3M | New |
| PTEN Patterson-Uti Energy Inc. | 4.27% | 13,803,775 | $81.9M | Add +109.2% |
| DVN Devon Energy Corp. | 2.90% | 1,751,276 | $55.7M | Add +2132.3% |
| PUMP Propetro Holding Corp. | 2.62% | 8,408,391 | $50.2M | Add +66.4% |
| OKE Oneok Inc. | 2.32% | 544,474 | $44.4M | Add +172.0% |
| CCJ Cameco Corp. | 2.25% | 582,535 | $43.2M | New |
| PCG P G & E Corp. | 1.66% | 2,284,874 | $31.9M | Add +11.5% |
| PR Permian Resources Corp. Class A | 1.48% | 2,085,228 | $28.4M | Reduce -0.3% |
| BTU Peabody Energy Corp. | 1.46% | 2,093,276 | $28.1M | New |
| CENX Century Aluminum Company | 1.34% | 1,424,088 | $25.7M | Add +612.0% |
| LNG Cheniere Energy Inc. | 1.29% | 101,509 | $24.7M | Add +94.2% |
| LBRT Liberty Energy Inc. | 1.23% | 2,060,407 | $23.7M | New |
| CTRA Coterra Energy Inc. | 1.14% | 858,828 | $21.8M | New |
| UGI Ugi Corp. | 1.07% | 564,607 | $20.6M | Reduce -22.3% |
| DTM DT Midstream Inc. | 0.92% | 160,591 | $17.7M | Reduce -23.2% |
| TRP TC Energy Corp. | 0.79% | 309,400 | $15.1M | New |
| SR Spire Inc. | 0.68% | 178,762 | $13.0M | Reduce -8.6% |
| RRC Range Resources Corp. | 0.66% | 309,000 | $12.6M | New |
| VG Venture Global Inc. Class A | 0.64% | 789,208 | $12.3M | Reduce -55.0% |
| KMI Kinder Morgan Inc. | 0.63% | 412,300 | $12.1M | New |
| XEL Xcel Energy Inc. | 0.50% | 141,658 | $9.6M | Add +102.4% |
| FCX Freeport-McMoran Inc. | 0.50% | 220,000 | $9.5M | New |
| SWX Southwest Gas Holdings Inc. | 0.47% | 120,207 | $8.9M | New |
| GLNG Golar LNG Ltd. | 0.38% | 178,149 | $7.3M | Add +78.0% |
| KGS Kodiak Gas Services Inc. | 0.32% | 181,237 | $6.2M | Reduce -36.7% |
| CMS CMS Energy Corp. | 0.26% | 72,700 | $5.0M | New |
| HAL Halliburton Co. | 0.21% | 200,000 | $4.1M | Reduce -92.4% |
| HOS Hornbeck Offshore Services I filed as HELIX ENERGY SOLUTIONS GRP I | 0.12% | 363,347 | $2.3M | Reduce -82.7% |
| XOP SS SPDR S&P Og Exp & Prod | 0.12% | 17,951 | $2.3M | Reduce -12.4% |
| EE Excelerate Energy Inc. Class A | 0.06% | 40,000 | $1.2M | New |
Portfolio Sells Q1 2025 → Q2 2025
| EQT Eqt Corp. | Reduce -49.8% | 8.29% | −8.05 |
| CIVI Civitas Resources Inc. | Reduce -19.9% | 5.20% | −3.69 |
| HAL Halliburton Co. | Reduce -92.4% | 0.21% | −3.55 |
| SGML Sigma Lithium Corp. | Sold out | 0.00% | −0.96 |
| LNT Alliant Energy Corp. | Sold out | 0.00% | −0.87 |
| HOS Hornbeck Offshore Services I | Reduce -82.7% | 0.12% | −0.87 |
| AA Alcoa Corp. | Reduce -5.4% | 4.51% | −0.82 |
| NXT Nextpower Inc. | Sold out | 0.00% | −0.59 |
| VST Vistra Corp. | Sold out | 0.00% | −0.53 |
| FRO Frontline PLC | Sold out | 0.00% | −0.51 |
| NRG NRG Energy Inc. | Sold out | 0.00% | −0.48 |
| NFG National Fuel Gas Co. | Sold out | 0.00% | −0.47 |
| BTE Baytex Energy Corp. | Sold out | 0.00% | −0.44 |
| VG Venture Global Inc. Class A | Reduce -55.0% | 0.64% | −0.38 |
| UGI Ugi Corp. | Reduce -22.3% | 1.07% | −0.28 |
| TLN Talen Energy Corp. | Sold out | 0.00% | −0.28 |
| KGS Kodiak Gas Services Inc. | Reduce -36.7% | 0.32% | −0.28 |
| DHT DHT Holdings Inc. | Sold out | 0.00% | −0.27 |
| DTM DT Midstream Inc. | Reduce -23.2% | 0.92% | −0.22 |
| SR Spire Inc. | Reduce -8.6% | 0.68% | −0.18 |
| STNG Scorpio Tankers Inc. | Sold out | 0.00% | −0.16 |
| PR Permian Resources Corp. Class A | Reduce -0.3% | 1.48% | −0.15 |
| XOP SS SPDR S&P Og Exp & Prod | Reduce -12.4% | 0.12% | −0.03 |
Portfolio Buys Q1 2025 → Q2 2025
| FLR Fluor Corp. | New | 4.45% | +4.45 |
| DVN Devon Energy Corp. | Add +2132.3% | 2.90% | +2.74 |
| CCJ Cameco Corp. | New | 2.25% | +2.25 |
| NE Noble Corp. PLC | Add +28.8% | 7.18% | +1.80 |
| CRC California Resources Corp. | Add +63.8% | 4.76% | +1.74 |
| BTU Peabody Energy Corp. | New | 1.46% | +1.46 |
| LBRT Liberty Energy Inc. | New | 1.23% | +1.23 |
| PTEN Patterson-Uti Energy Inc. | Add +109.2% | 4.27% | +1.21 |
| OKE Oneok Inc. | Add +172.0% | 2.32% | +1.20 |
| CTRA Coterra Energy Inc. | New | 1.14% | +1.14 |
| CENX Century Aluminum Company | Add +612.0% | 1.34% | +1.13 |
| TRP TC Energy Corp. | New | 0.79% | +0.79 |
| RRC Range Resources Corp. | New | 0.66% | +0.66 |
| KMI Kinder Morgan Inc. | New | 0.63% | +0.63 |
| TS Tenaris SA-ADR | Add +25.9% | 6.02% | +0.62 |
| LNG Cheniere Energy Inc. | Add +94.2% | 1.29% | +0.61 |
| PUMP Propetro Holding Corp. | Add +66.4% | 2.62% | +0.52 |
| FCX Freeport-McMoran Inc. | New | 0.50% | +0.50 |
| SWX Southwest Gas Holdings Inc. | New | 0.47% | +0.47 |
| AR Antero Resources Corp. | Add +10.6% | 17.13% | +0.33 |
| CMS CMS Energy Corp. | New | 0.26% | +0.26 |
| XEL Xcel Energy Inc. | Add +102.4% | 0.50% | +0.22 |
| GLNG Golar LNG Ltd. | Add +78.0% | 0.38% | +0.17 |
| EE Excelerate Energy Inc. Class A | New | 0.06% | +0.06 |
| PCG P G & E Corp. | Add +11.5% | 1.66% | −0.32 |
| TALO Talos Energy Inc. | Add +11.0% | 4.95% | −0.57 |
| CHRD Chord Energy Corp. | Add +2.1% | 5.21% | −1.21 |
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 |