In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Sourcerock Group LLC reported 39 stock positions worth $2.4 billion . Its top holding was Antero Resources (AR) at 14.8% of the portfolio, followed by California Resources (CRC, 13.2% ) and Chord Energy (CHRD, 7.7% ). Compared with Q4 2025, it opened 14 new positions, sold out of 11, added to 14 and reduced 11. The biggest buy was California Resources (CRC, shares +6% ) and the biggest sale Antero Resources (AR, shares −9% ).
Location DENVER, CO
CIK 0001822531
Portfolio Value $2.4B (Q1 2026) Holdings 39 stocks · $2.4B Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2025 AR Antero Resources Corp. 8,305,886 $352.5M Reduce -9.4% CRC California Resources Corp. 4,545,993 $314.7M Add +6.3% CHRD Chord Energy Corp. 1,291,570 $183.6M Add +15.7% NE Noble Corp. PLC 3,681,172 $180.6M Reduce -25.0% PTEN Patterson-Uti Energy Inc. 16,309,517 $176.6M Add +4.6% CENX Century Aluminum Company 2,687,249 $157.7M Reduce -25.8% TALO Talos Energy Inc. 7,949,403 $125.3M Reduce -24.8% PUMP Propetro Holding Corp. 7,241,813 $104.4M Add +5.8% HAL Halliburton Co. 2,477,128 $96.6M Reduce -24.7% OKE Oneok Inc. 1,016,145 $91.8M Add +37.2% LNG Cheniere Energy Inc. 225,114 $63.9M Add +350.2% OVV Ovintiv Inc. 941,950 $55.9M Add +98.5% BTU Peabody Energy Corp. 1,420,791 $46.8M Reduce -26.6% PCG P G & E Corp. 2,446,097 $43.0M Add +0.0% OXY Occidental Petroleum Corp. 611,101 $39.7M New FANG Diamondback Energy Inc. 180,344 $35.7M New TDW Tidewater Inc. 423,513 $35.4M New KRSP.U Rice Acquisition Corp. 3 2,566,967 $27.2M Reduce -0.1% XEL Xcel Energy Inc. 307,575 $24.4M Add +0.2% LNT Alliant Energy Corp. 299,150 $21.5M Reduce -0.1% NJR New Jersey Resources Corp. 349,872 $19.2M Add +84.1% ANDE The Andersons Inc. 258,746 $18.6M Add +1.1% VG Venture Global Inc. Class A 1,080,000 $17.0M New EQT Eqt Corp. 242,527 $15.4M New GDX Vaneck Gold Miners ETF 165,000 $15.1M New GPRE Green Plains Inc. 851,878 $14.0M New MUSA Murphy USA Inc. 24,929 $12.3M New GLNG Golar LNG Ltd. 216,820 $11.7M Add +29.4% SWX Southwest Gas Holdings Inc. 128,669 $11.2M Reduce -35.5% VST Vistra Corp. 70,900 $10.7M New GNRC Generac Holdings Inc. 54,000 $10.5M New TRP TC Energy Corp. 165,584 $10.4M Reduce -52.1% UGI Ugi Corp. 268,804 $9.8M Reduce -46.7% CMP Compass Minerals Internation 235,198 $5.5M New ASTL Algoma Steel Group Inc. 1,306,403 $5.4M New NEXT Nextdecade Corp. 591,171 $4.5M Add +47.8% CNR Core Natural Resources Inc. 38,584 $4.0M New HNRG Hallador Energy Co. 146,969 $2.4M New NPWR Net Power Inc. 1,504,126 $2.3M Add +0.5%
Options reported separately and not counted above: LNG calls ($56.8M), OKE calls ($45.2M).
Portfolio Sells Q4 2025 → Q1 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▲ AR Antero Resources Corp. Reduce -9.4% 14.83% −3.24 EXE Expand Energy Corp. Sold out 0.00% −2.06 CENX Century Aluminum Company Reduce -25.8% 6.63% −1.49 TALO Talos Energy Inc. Reduce -24.8% 5.27% −1.40 RRC Range Resources Corp. Sold out 0.00% −1.39 BTU Peabody Energy Corp. Reduce -26.6% 1.97% −1.32 HAL Halliburton Co. Reduce -24.7% 4.06% −1.26 LBRT Liberty Energy Inc. Sold out 0.00% −1.06 CHDN Churchill Downs Inc. Sold out 0.00% −0.83 UGI Ugi Corp. Reduce -46.7% 0.41% −0.67 TRP TC Energy Corp. Reduce -52.1% 0.44% −0.65 CMS CMS Energy Corp. Sold out 0.00% −0.63 EE Excelerate Energy Inc. Class A Sold out 0.00% −0.62 TLN Talen Energy Corp. Sold out 0.00% −0.60 PR Permian Resources Corp. Class A Sold out 0.00% −0.59 SWX Southwest Gas Holdings Inc. Reduce -35.5% 0.47% −0.44 KRSP.U Rice Acquisition Corp. 3 Reduce -0.1% 1.14% −0.40 D Dominion Energy Inc. Sold out 0.00% −0.34 NE Noble Corp. PLC Reduce -25.0% 7.60% −0.33 KMI Kinder Morgan Inc. Sold out 0.00% −0.31 LNT Alliant Energy Corp. Reduce -0.1% 0.90% −0.21 AA Alcoa Corp. Sold out 0.00% −0.16
Portfolio Buys Q4 2025 → Q1 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▼ CRC California Resources Corp. Add +6.3% 13.24% +2.30 LNG Cheniere Energy Inc. Add +350.2% 2.69% +2.13 PTEN Patterson-Uti Energy Inc. Add +4.6% 7.43% +1.98 CHRD Chord Energy Corp. Add +15.7% 7.72% +1.80 OXY Occidental Petroleum Corp. New 1.67% +1.67 FANG Diamondback Energy Inc. New 1.50% +1.50 TDW Tidewater Inc. New 1.49% +1.49 OVV Ovintiv Inc. Add +98.5% 2.35% +1.29 OKE Oneok Inc. Add +37.2% 3.86% +0.75 VG Venture Global Inc. Class A New 0.72% +0.72 PUMP Propetro Holding Corp. Add +5.8% 4.39% +0.66 EQT Eqt Corp. New 0.65% +0.65 GDX Vaneck Gold Miners ETF New 0.64% +0.64 GPRE Green Plains Inc. New 0.59% +0.59 MUSA Murphy USA Inc. New 0.52% +0.52 VST Vistra Corp. New 0.45% +0.45 GNRC Generac Holdings Inc. New 0.44% +0.44 NJR New Jersey Resources Corp. Add +84.1% 0.81% +0.31 CMP Compass Minerals Internation New 0.23% +0.23 ASTL Algoma Steel Group Inc. New 0.23% +0.23 CNR Core Natural Resources Inc. New 0.17% +0.17 GLNG Golar LNG Ltd. Add +29.4% 0.49% +0.14 HNRG Hallador Energy Co. New 0.10% +0.10 NEXT Nextdecade Corp. Add +47.8% 0.19% +0.07 ANDE The Andersons Inc. Add +1.1% 0.78% +0.00 NPWR Net Power Inc. Add +0.5% 0.10% −0.10 XEL Xcel Energy Inc. Add +0.2% 1.03% −0.27 PCG P G & E Corp. Add +0.0% 1.81% −0.44
Options Activity Q4 2025 → Q1 2026 Security Type Change vs Q4 2025 Underlying Shares Value ▼ LNG Cheniere Energy Inc. call New 200,000 $56.8M OKE Oneok Inc. call Reduce -16.7% 500,000 $45.2M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
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