SG
Sourcerock Group LLC 13F Filing (Q2 2026) — Top Positions & Stock Picks
Sourcerock Group LLCCIK: 0001822531
Sector-focusedMomentum followerDiversified strategy
Total reported value
$1.9B
Reporting period: 2026-06-30 · Number of holdings: 36
Sourcerock Group LLC disclosed 36 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $1.9B and a quarterly turnover rate of 42.5%.
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Personality snowflake
- Concentration
- 29.51
- Portfolio Stability
- 42.53
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 72
- Sizing Uniformity
- 86.95
Sourcerock Group LLC's disclosed holdings carry a Herfindahl concentration index of 0.074 — mathematically equivalent to about 14 equally-sized positions, well below its 36 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.31), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 3.5 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim NE
-78.5% -$151.1M
Add TDW
+231.7% $58.2M
Add OXY
+200.4% $49.4M
Trim LNG
-49.5% -$69.3M
Add HAL
+32.5% $14.9M
Add AR
+4.4% -$47.8M
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 | AR | Antero Resources CORP | Stock-Energy | 15.84% | +1.62% | +4.38% | |
| 2 | CRC | California Resources CORP | Stock-Energy | 13.44% | +0.75% | +7.58% | |
| 3 | PTEN | Patterson-uti Energy Inc | Stock-Energy | 6.95% | -0.17% | -10.77% | |
| 4 | CHRD | Chord Energy CORP | Stock-Energy | 6.52% | -0.89% | -15.10% | |
| 5 | HAL | Halliburton Co | Stock-Energy | 5.80% | +1.90% | +32.53% | |
| 6 | PUMP | Propetro Holding CORP | Stock-Other | 5.75% | +1.54% | +6.52% | |
| 7 | CENX | Century Aluminum Company | Stock-Materials | 5.42% | -0.94% | -15.67% | |
| 8 | TDW | Tidewater Inc | Stock-Energy | 4.87% | +3.44% | +231.75% | |
| 9 | OXY | Occidental Petroleum CORP | Stock-Energy | 4.64% | +3.04% | +200.39% | |
| 10 | TALO | Talos Energy Inc | Stock-Other | 4.63% | -0.42% | -13.25% | |
| 11 | OKE | Oneok Inc | Stock-Energy | 4.62% | -0.91% | -32.66% | |
| 12 | OVV | Ovintiv Inc | Stock-Energy | 2.68% | +0.42% | +3.79% | |
| 13 | LNG | Cheniere Energy Inc | Stock-Energy | 2.67% | -2.20% | -49.48% | |
| 14 | BTU | Peabody Energy CORP | Stock-Energy | 1.89% | — | +10.79% | |
| 15 | NE | Noble Corporation plc | Stock-Energy | 1.54% | -5.75% | -78.46% | |
| 16 | PCG | P G & E CORP | Stock-Utilities | 1.48% | -0.25% | -30.80% | |
| 17 | ✓ | Rice Acquisition CORP 3 | Stock-Other | 1.43% | +0.33% | -0.13% | |
| 18 | LNT | Alliant Energy CORP | Stock-Utilities | 1.09% | +0.22% | -8.43% | |
| 19 | VG | Venture Global Inc-cl A | Stock-Energy | 0.96% | +0.27% | +53.57% | |
| 20 | CRK | Comstock Resources Inc | Stock-Other | 0.90% | +0.90% | NEW | |
| 21 | ETR | Entergy CORP | Stock-Utilities | 0.88% | +0.88% | NEW | |
| 22 | NJR | New Jersey Resources CORP | Stock-Utilities | 0.84% | +0.06% | -17.23% | |
| 23 | GPRE | Green Plains Inc | Stock-Other | 0.82% | +0.25% | +19.90% | |
| 24 | XEL | Xcel Energy Inc | Stock-Utilities | 0.68% | -0.31% | -46.75% | |
| 25 | RUN | Sunrun Inc | Stock-Tech | 0.60% | +0.60% | NEW | |
| 26 | SWX | Southwest Gas Holdings Inc | Stock-Utilities | 0.54% | +0.09% | -8.72% | |
| 27 | GLNG | Golar LNG Limited | Stock-Energy | 0.53% | +0.06% | -5.45% | |
| 28 | TRP | Tc Energy CORP | Stock-Energy | 0.52% | +0.10% | -8.94% | |
| 29 | ASTL | Algoma Steel Group Inc | Stock-Other | 0.26% | +0.04% | -4.51% | |
| 30 | PBF | Pbf Energy Inc-class A | Stock-Energy | 0.24% | +0.24% | NEW | |
| 31 | NEXT | Nextdecade CORP | Stock-Other | 0.21% | +0.03% | -8.96% | |
| 32 | ✓ | Stock-Other | 0.19% | +0.18% | NEW | ||
| 33 | ✓ | Stock-Other | 0.17% | +0.17% | NEW | ||
| 34 | HNRG | Hallador Energy Co | Stock-Other | 0.17% | +0.07% | +24.78% | |
| 35 | CNR | Core Natural Resources Inc | Stock-Energy | 0.14% | -0.02% | -10.16% | |
| 36 | NPWR | Net Power Inc | Stock-Other | 0.12% | +0.03% | -6.92% |
Portfolio Performance
Performance for Q3 2026
+0.5%
Performance Last 4 Quarters
+52.3%
- Stdev
- +24.9%
- Beta
- +0.25
- Alpha
- +7.1%
- Max Drawdown
- -23.1%
- Annualized Perf
- +9.6%
- Batting Avg vs S&P
- +47.2%
- Sortino
- +0.8
- Stutzer
- +0.14
- Treynor
- +0.48
- Sterling
- +0.37
- Calmar
- +0.42
- Information Ratio
- -0.29
- Tracking Error
- +26.5%
- Stdev Down
- +15.2%
- Winning Months %
- +58.3%
- Losing Months %
- +41.7%
- Best 12 Months
- +85%
- Worst 12 Months
- -18.1%
- Efficiency Ratio
- +0.15
- Sharpe
- +0.49
- Stdev Sectors
- +35.6%
- Skewness
- +0.07
- Kurtosis
- -0.64
- Upside Potential
- +2.72
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 36 | $1.9B | 43 | ||
| 2026 Q1 | 41 | $2.5B | 49 | ||
| 2025 Q4 | 37 | $1.8B | 50 | ||
| 2025 Q3 | 35 | $1.5B | 88 | ||
| 2025 Q2 | 39 | $1.9B | 0 | ||
| 2025 Q1 | 38 | $1.8B | 100 | ||
| 2024 Q4 | 35 | $1.4B | 0 | ||
| 2024 Q3 | 34 | $1.2B | 0 | ||
| 2024 Q2 | 34 | $1.4B | 0 | ||
| 2024 Q1 | 31 | $1.2B | 0 | ||
| 2023 Q4 | 31 | $1.0B | 0 | ||
| 2023 Q3 | 21 | $811.9M | 0 | ||
| 2023 Q2 | 25 | $779.6M | 0 | ||
| 2023 Q1 | 27 | $541.8M | 0 | ||
| 2022 Q4 | 25 | $531.6M | 0 | ||
| 2022 Q3 | 22 | $479.0M | 0 | ||
| 2022 Q2 | 23 | $501.2M | 0 | ||
| 2022 Q1 | 19 | $505.7M | 0 | ||
| 2021 Q4 | 17 | $372.5M | 0 | ||
| 2021 Q3 | 14 | $280.0M | 0 | ||
| 2021 Q2 | 17 | $252.7M | 87 | ||
| 2021 Q1 | 12 | $193.7M | 100 | ||
| 2020 Q4 | 16 | $140.2M | 0 |
Holding changes this quarter
Sourcerock Group LLC's most significant position changes for 2026-06-30: Sold out: Diamondback Energy Inc (FANG); Sold out: Andersons Inc/the (ANDE); New buy: Comstock Resources Inc (CRK); New buy: Entergy CORP (ETR); Sold out: Eqt CORP (EQT).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | TDW | Tidewater Inc | +3.4% | +231.75% | Add |
| 2 | OXY | Occidental Petroleum CORP | +3% | +200.39% | Add |
| 3 | HAL | Halliburton Co | +1.9% | +32.53% | Add |
| 4 | AR | Antero Resources CORP | +1.6% | +4.38% | Add |
| 5 | PUMP | Propetro Holding CORP | +1.5% | +6.52% | Add |
| 6 | CRK | Comstock Resources Inc | +0.9% | NEW | New buy |
| 7 | ETR | Entergy CORP | +0.9% | NEW | New buy |
| 8 | CRC | California Resources CORP | +0.8% | +7.58% | Add |
| 9 | RUN | Sunrun Inc | +0.6% | NEW | New buy |
| 10 | OVV | Ovintiv Inc | +0.4% | +3.79% | Add |
| 11 | ✓ | Rice Acquisition CORP 3 | +0.3% | -0.13% | Trim |
| 12 | VG | Venture Global Inc-cl A | +0.3% | +53.57% | Add |
| 13 | GPRE | Green Plains Inc | +0.3% | +19.90% | Add |
| 14 | PBF | Pbf Energy Inc-class A | +0.2% | NEW | New buy |
| 15 | LNT | Alliant Energy CORP | +0.2% | -8.43% | Trim |
| 16 | ✓ | +0.2% | NEW | New buy | |
| 17 | ✓ | +0.2% | NEW | New buy | |
| 18 | TRP | Tc Energy CORP | +0.1% | -8.94% | Trim |
| 19 | SWX | Southwest Gas Holdings Inc | +0.1% | -8.72% | Trim |
| 20 | HNRG | Hallador Energy Co | +0.1% | +24.78% | Add |
| 21 | NJR | New Jersey Resources CORP | +0.1% | -17.23% | Trim |
| 22 | GLNG | Golar LNG Limited | +0.1% | -5.45% | Trim |
| 23 | ASTL | Algoma Steel Group Inc | 0% | -4.51% | Trim |
| 24 | NEXT | Nextdecade CORP | 0% | -8.96% | Trim |
| 25 | NPWR | Net Power Inc | 0% | -6.92% | Trim |
| 26 | BTU | Peabody Energy CORP | — | +10.79% | Add |
| 27 | CNR | Core Natural Resources Inc | 0% | -10.16% | Trim |
| 28 | PTEN | Patterson-uti Energy Inc | -0.2% | -10.77% | Trim |
| 29 | CMP | Compass Minerals Internation | -0.2% | EXIT | Sold out |
| 30 | PCG | P G & E CORP | -0.3% | -30.80% | Trim |
| 31 | XEL | Xcel Energy Inc | -0.3% | -46.75% | Trim |
| 32 | UGI | Ugi CORP | -0.4% | EXIT | Sold out |
| 33 | TALO | Talos Energy Inc | -0.4% | -13.25% | Trim |
| 34 | VST | Vistra CORP | -0.4% | EXIT | Sold out |
| 35 | GNRC | Generac Holdings Inc | -0.4% | EXIT | Sold out |
| 36 | MUSA | Murphy USA Inc | -0.5% | EXIT | Sold out |
| 37 | GDX | Vaneck Gold Miners ETF | -0.6% | EXIT | Sold out |
| 38 | EQT | Eqt CORP | -0.6% | EXIT | Sold out |
| 39 | ANDE | Andersons Inc/the | -0.8% | EXIT | Sold out |
| 40 | CHRD | Chord Energy CORP | -0.9% | -15.10% | Trim |
| 41 | OKE | Oneok Inc | -0.9% | -32.66% | Trim |
| 42 | CENX | Century Aluminum Company | -0.9% | -15.67% | Trim |
| 43 | FANG | Diamondback Energy Inc | -1.4% | EXIT | Sold out |
| 44 | LNG | Cheniere Energy Inc | -2.2% | -49.48% | Trim |
| 45 | NE | Noble Corporation plc | -5.8% | -78.46% | Trim |
Filing History
FAQ
What is Sourcerock Group LLC and what type of investor is it?
Sourcerock Group LLC 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 $1.9B, spread across 36 disclosed positions.
What are Sourcerock Group LLC's largest equity positions?
Based on the latest 13F filing, Sourcerock Group LLC's top holdings by market value are:
1. Antero Resources CORP (AR) — $304.7M (15.8%)
2. California Resources CORP (CRC) — $258.6M (13.4%)
3. Patterson-uti Energy Inc (PTEN) — $133.6M (7.0%)
4. Chord Energy CORP (CHRD) — $125.3M (6.5%)
5. Halliburton Co (HAL) — $111.5M (5.8%)
What changes did Sourcerock Group LLC make in its most recent portfolio filing?
In the latest reported quarter, Sourcerock Group LLC made 45 notable position adjustments: 6 new positions were initiated, 11 existing holdings were added to, 19 positions were partially reduced, and 9 were completely exited. The largest of these moves: Sold out: Diamondback Energy Inc (FANG); Sold out: Andersons Inc/the (ANDE); New buy: Comstock Resources Inc (CRK); New buy: Entergy CORP (ETR); Sold out: Eqt CORP (EQT)
What sectors does Sourcerock Group LLC focus on?
Sourcerock Group LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Energy: 86.5%
• Utilities: 6.5%
• Materials: 6.3%
• Information Technology: 0.7%
Investment Profile
Sourcerock Group LLC returned an annualized 9.6% over the trailing 36 months — outperforming the S&P 500 by 7.1 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.25 (less volatile than the market) and a 47% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 86.5% of the portfolio concentrated in Energy.
Its turnover score has risen from 0 to 43 over the past 4 quarters — a shift toward more active trading.
It has added to its PUMP position over the past two quarters (+$45.5M, now $110.6M), while trimming BTU over the same stretch (-$21.1M, still holding $36.4M).
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Developer Access
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