EI
EnCap Investments L.P. 13F Filing (Q2 2026) — Top Positions & Stock Picks
EnCap Investments L.P.CIK: 0001290910
High-turnover traderConcentrated strategySector-focused
Total reported value
$322.0M
Reporting period: 2026-06-30 · Number of holdings: 3
EnCap Investments L.P. disclosed 3 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $322.0M and a quarterly turnover rate of 95.0%.
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Personality snowflake
- Concentration
- 100
- Portfolio Stability
- 95
- Momentum
- 50
- Sector conviction
- 100
- Diversification
- 6
- Sizing Uniformity
- 88.76
EnCap Investments L.P.'s disclosed holdings carry a Herfindahl concentration index of 0.614 — mathematically equivalent to about 2 equally-sized positions, close to its 3 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.12), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd DVN
-44.2% -$289.3M
Trim PR
-74.6% -$207.6M
Sold out FANG
Trim KRP
-76.0% -$59.6M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | DVN | Devon Energy CORP | Stock-Energy | 76.01% | +16.98% | -44.18% | |
| 2 | PR | Permian Resources Corp-cl A | Stock-Energy | 18.09% | -11.29% | -74.62% | |
| 3 | KRP | Kimbell Royalty Partners LP | Stock-Other | 5.89% | -2.80% | -75.95% |
Portfolio Performance
Performance for Q3 2026
+13.7%
Performance Last 4 Quarters
+7.7%
Based on 4 months of available history
- Stdev
- +28.2%
- Beta
- +2.8
- Alpha
- +11.9%
- Max Drawdown
- -4.3%
- Annualized Perf
- +24.9%
- Batting Avg vs S&P
- +50%
- Sortino
- +2.13
- Stutzer
- —
- Treynor
- +0.09
- Sterling
- —
- Calmar
- +5.73
- Information Ratio
- +0.8
- Tracking Error
- +25.6%
- Stdev Down
- +11.9%
- Winning Months %
- +50%
- Losing Months %
- +50%
- Best 12 Months
- —
- Worst 12 Months
- —
- Efficiency Ratio
- +0.28
- Sharpe
- +0.9
- Stdev Sectors
- 0%
- Skewness
- +0.08
- Kurtosis
- -1.88
- Upside Potential
- +4.57
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
EnCap Investments L.P.'s most significant position changes for 2026-06-30: Sold out: Diamondback Energy Inc (FANG); Trim: Devon Energy CORP (DVN) — shares -44.18%; Trim: Permian Resources Corp-cl A (PR) — shares -74.62%; Trim: Kimbell Royalty Partners LP (KRP) — shares -75.95%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | DVN | Devon Energy CORP | +17% | -44.18% | Trim |
| 2 | KRP | Kimbell Royalty Partners LP | -2.8% | -75.95% | Trim |
| 3 | FANG | Diamondback Energy Inc | -2.9% | EXIT | Sold out |
| 4 | PR | Permian Resources Corp-cl A | -11.3% | -74.62% | Trim |
Filing History
FAQ
What is EnCap Investments L.P. and what type of investor is it?
EnCap Investments L.P. is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $322.0M, spread across 3 disclosed positions.
What are EnCap Investments L.P.'s largest equity positions?
Based on the latest 13F filing, EnCap Investments L.P.'s top holdings by market value are:
1. Devon Energy CORP (DVN) — $244.8M (76.0%)
2. Permian Resources Corp-cl A (PR) — $58.3M (18.1%)
3. Kimbell Royalty Partners LP (KRP) — $19.0M (5.9%)
What changes did EnCap Investments L.P. make in its most recent portfolio filing?
In the latest quarter, EnCap Investments L.P. took a more defensive posture — trimming 3 positions and completely exiting 1 holdings. The largest of these moves: Sold out: Diamondback Energy Inc (FANG); Trim: Devon Energy CORP (DVN) — shares -44.18%; Trim: Permian Resources Corp-cl A (PR) — shares -74.62%; Trim: Kimbell Royalty Partners LP (KRP) — shares -75.95%
What sectors does EnCap Investments L.P. focus on?
EnCap Investments L.P. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Energy: 100.0%
Investment Profile
EnCap Investments L.P. returned an annualized 24.9% over the trailing 4 months — outperforming the S&P 500 by 11.9 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 2.80 (more volatile than the market) and a 50% quarterly batting average against the index.
Its portfolio is concentrated and fast-trading, with 100.0% of the portfolio concentrated in Energy.
Its turnover score has risen from 0 to 95 over the past 1 quarters — a shift toward more active trading.
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Developer Access
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REST API
curl https://alphasmo.com/api/v1/institutions/encap-investments-l-pCLI
npx alphasmo institutions get encap-investments-l-p