EC

Encompass Capital Advisors LLC

Diversified strategyHigh-turnover traderContrarian

Total reported value

$3.3B

Reporting period: 2026-03-31 · Number of holdings: 61

Encompass Capital Advisors LLC disclosed 61 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $3.3B and a quarterly turnover rate of 119.5%.

Personality snowflake

Concentration
16.48
Portfolio Stability
100
Momentum/Contrarian
0
Sector conviction
96.74
Diversification
100
Sizing Uniformity
87.6

Recent moves

  • Trim OXY

    -91.9%　-$199.5M

  • Trim TE

    0.0%　-$80.1M

  • Add CENX

    +210.4%　$71.5M

  • Trim CSTM

    -46.8%　-$26.9M

  • Add SOC

    -0.3%　$100.5M

  • Trim VNOM

    -65.5%　-$30.3M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1LNGCheniere Energy INCStock-Energy13.23%+13.23%NEW
2XOPSs Spdr S&p Og Exp & ProdETF-Other7.57%+7.57%NEW
3SOCSable Offshore CORPStock-Other6.66%+1.69%-0.30%
4TET1 Energy INCStock-Other4.60%-4.93%—
5AESIAtlas Energy Solutions INCStock-Other3.59%+3.59%NEW
6LYBLyondellBasell Industries N.V.Stock-Materials3.07%+3.07%NEW
7SEISolaris Energy InfrastructurStock-Energy2.96%—-31.63%
8✓ National Energy Services ReuStock-Other2.74%—-40.01%
9CENXCentury Aluminum CompanyStock-Materials2.73%+1.93%+210.37%
10BTEBaytex Energy CORPStock-Other2.69%+0.85%+43.90%
11KEXKirby CORPStock-Industrials1.87%—-27.73%
12ALMAlmonty Industries INCStock-Other1.87%+0.82%+47.90%
13CSTMConstellium SEStock-Other1.82%-1.76%-46.82%
14ODFLOld Dominion Freight LineStock-Industrials1.81%+1.81%NEW
15NXTNextpower Inc-cl AStock-Tech1.75%—-3.12%
16FPSForgent Power Solutions INCStock-Other1.69%+1.69%NEW
17CEGConstellation EnergyStock-Utilities1.67%+1.67%NEW
18PSXPhillips 66Stock-Energy1.66%+1.66%NEW
19SCCOSouthern Copper CORPStock-Materials1.59%+1.59%NEW
20CNRCore Natural Resources INCStock-Energy1.57%+0.76%+122.22%
21WTTRSelect Water Solutions INCStock-Other1.41%—-1.08%
22MUSAMurphy USA INCStock-Consumer Disc1.33%+1.33%NEW
23✓ Cmb Tech NVStock-Other1.33%—+40.04%
24VISTVista Energy Sab De CvStock-Other1.23%—-8.62%
25UECUranium Energy CORPStock-Energy1.21%+1.21%NEW
26AAAlcoa CORPStock-Materials1.20%—-20.73%
27WHDCactus INC - AStock-Other1.09%+1.09%NEW
28TBNTamboran Resources CORPStock-Other1.07%——
29PDSPrecision Drilling CORPStock-Other1.03%—-36.91%
30CFCf Industries Holdings INCStock-Materials1.03%+1.03%NEW
31PRPermian Resources Corp-cl AStock-Energy1.02%+1.02%NEW
32PWRQuanta Services INCStock-Industrials0.99%+0.99%NEW
33MATXMatson INCStock-Industrials0.98%+0.98%NEW
34CSXCsx CORPStock-Industrials0.97%+0.97%NEW
35ASPIAsp Isotopes INCStock-Other0.92%+0.92%NEW
36MWHSolv Energy Inc-cl AStock-Other0.90%+0.90%NEW
37NUENucor CORPStock-Materials0.89%—-44.18%
38OXYOccidental Petroleum CORPStock-Energy0.88%-8.46%-91.89%
39PARRPar Pacific Holdings INCStock-Energy0.86%+0.86%NEW
40KNXKnight-swift TransportationStock-Industrials0.86%+0.86%NEW
41VTOLBristow Group INCStock-Other0.83%—-16.02%
42TTITetra Technologies INCStock-Other0.82%—+10.73%
43ENPHEnphase Energy INCStock-Tech0.82%+0.82%NEW
44FLOCFlowco Holdings Inc-cl AStock-Other0.79%—-15.18%
45DVNDevon Energy CORPStock-Energy0.78%+0.78%NEW
46RNGRRanger Energy Services-cl AStock-Other0.77%—-0.22%
47LINLinde plcStock-Materials0.74%+0.74%NEW
48DARDarling Ingredients INCStock-Consumer Staples0.74%+0.74%NEW
49VNOMViper Energy Inc-cl AStock-Energy0.65%-1.48%-65.54%
50SMSm Energy CoStock-Energy0.65%+0.65%NEW
1–50 of 61

Holding changes this quarter

Encompass Capital Advisors LLC's most significant position changes for 2026-03-31: New buy: Cheniere Energy INC (LNG); New buy: Ss Spdr S&p Og Exp & Prod (XOP); Sold out: United Airlines Holdings INC (UAL); New buy: Atlas Energy Solutions INC (AESI); Sold out: Diamondback Energy INC (FANG).

Position changes disclosed by Encompass Capital Advisors LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1CENXCentury Aluminum Company+1.9%+210.37%Add
2SOCSable Offshore CORP+1.7%-0.30%Trim
3BTEBaytex Energy CORP+0.9%+43.90%Add
4ALMAlmonty Industries INC+0.8%+47.90%Add
5CNRCore Natural Resources INC+0.8%+122.22%Add
6VNOMViper Energy Inc-cl A-1.5%-65.54%Trim
7CSTMConstellium SE-1.8%-46.82%Trim
8TET1 Energy INC-4.9%—Unchanged
9OXYOccidental Petroleum CORP-8.5%-91.89%Trim
10LNGCheniere Energy INC—NEWNew buy
11XOPSs Spdr S&p Og Exp & Prod—NEWNew buy
12UALUnited Airlines Holdings INC—EXITSold out
13AESIAtlas Energy Solutions INC—NEWNew buy
14FANGDiamondback Energy INC—EXITSold out
15LYBLyondellBasell Industries N.V.—NEWNew buy
16ODFLOld Dominion Freight Line—NEWNew buy
17HPHelmerich & Payne—EXITSold out
18FPSForgent Power Solutions INC—NEWNew buy
19CEGConstellation Energy—NEWNew buy
20PSXPhillips 66—NEWNew buy
21MTDRMatador Resources Co—EXITSold out
22SCCOSouthern Copper CORP—NEWNew buy
23WFRDWeatherford International plc—EXITSold out
24MUSAMurphy USA INC—NEWNew buy
25CMCCommercial Metals Co—EXITSold out
26SHLSShoals Technologies Group -a—EXITSold out
27UECUranium Energy CORP—NEWNew buy
28JBHTHunt (jb) Transprt Svcs INC—EXITSold out
29GXOGxo Logistics INC—EXITSold out
30WHDCactus INC - A—NEWNew buy
31CHRDChord Energy CORP—EXITSold out
32SLIStandard Lithium LTD—EXITSold out
33PRIMPrimoris Services CORP—EXITSold out
34ORAOrmat Technologies INC—EXITSold out
35CFCf Industries Holdings INC—NEWNew buy
36CCJCameco CORP—EXITSold out
37PRPermian Resources Corp-cl A—NEWNew buy
38HCCWarrior Met Coal INC—EXITSold out
39PWRQuanta Services INC—NEWNew buy
40MATXMatson INC—NEWNew buy
41CSXCsx CORP—NEWNew buy
42ASPIAsp Isotopes INC—NEWNew buy
43MWHSolv Energy Inc-cl A—NEWNew buy
44PARRPar Pacific Holdings INC—NEWNew buy
45KNXKnight-swift Transportation—NEWNew buy
46ENPHEnphase Energy INC—NEWNew buy
47DVNDevon Energy CORP—NEWNew buy
48LINLinde plc—NEWNew buy
49DARDarling Ingredients INC—NEWNew buy
50SMSm Energy Co—NEWNew buy

FAQ

What is Encompass Capital Advisors LLC and what type of investor is it?
Encompass Capital Advisors LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $3.3B, spread across 61 disclosed positions.
What are Encompass Capital Advisors LLC's largest equity positions?
Based on the latest 13F filing, Encompass Capital Advisors LLC's top holdings by market value are: 1. Cheniere Energy INC (LNG) — $441.6M (13.2%) 2. Ss Spdr S&p Og Exp & Prod (XOP) — $252.7M (7.6%) 3. Sable Offshore CORP (SOC) — $222.2M (6.7%) 4. T1 Energy INC (TE) — $153.5M (4.6%) 5. Atlas Energy Solutions INC (AESI) — $119.9M (3.6%)
What changes did Encompass Capital Advisors LLC make in its most recent portfolio filing?
In the latest reported quarter, Encompass Capital Advisors LLC made 49 notable position adjustments: 26 new positions were initiated, 4 existing holdings were added to, 4 positions were partially reduced, and 15 were completely exited. The largest of these moves: New buy: Cheniere Energy INC (LNG); New buy: Ss Spdr S&p Og Exp & Prod (XOP); Sold out: United Airlines Holdings INC (UAL); New buy: Atlas Energy Solutions INC (AESI); Sold out: Diamondback Energy INC (FANG)
What sectors does Encompass Capital Advisors LLC focus on?
Encompass Capital Advisors LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Energy: 48.9% • Materials: 23.4% • Industrials: 15.6% • Information Technology: 4.9% • Utilities: 3.2% • Consumer Discretionary: 2.6%