Q2 2026 13F · SEC CIK 1541901

Encompass Capital Advisors LLC

Hedge fundFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $2.3B
Reported positions: 53
Top holdings a year, 3 yrs: +2.6%
Assets under management: $4.8B

Encompass Capital Advisors LLC is a hedge fund that reported 53 positions worth $2.3B in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were T1 Energy Inc (TE, 14.3%), Solaris Energy Infrastructure Inc (SOI, 8.7%), Atlas Energy Solutions Inc (AESI, 4.7%). A portfolio copying its top holdings returned 2.6% a year over the last 3 years, against 22.3% for the S&P 500.

Encompass Capital Advisors LLC holdings largest 50 of 53 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Encompass Capital Advisors LLC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
TET1 Energy Inc	14.3%	6.3%	34,968,169	+0.0%	$331.5M
SOISolaris Energy Infrastructure Inc	8.7%	4.0%	2,519,604	+44.0%	$202.7M
AESIAtlas Energy Solutions Inc	4.7%	4.9%	6,540,322	-28.4%	$108.6M
NESRNational Energy Services Reuni Shs	4.0%	3.7%	3,102,538	-27.2%	$92.9M
CSTMConstellium SE	3.3%	2.5%	2,421,349	-2.3%	$77.2M
MURMurphy Oil Corp	3.2%	—	2,250,000	—	$73.3M
PUMPPropetro Hldg Corp	2.8%	—	4,574,591	—	$65.6M
BKRBaker Hughes Company Cl A	2.8%	—	1,149,014	—	$63.8M
OXYOccidental Pete Corp	2.4%	1.2%	1,138,000	+152.1%	$55.3M
PTENPatterson-Uti Energy Inc	2.3%	—	5,921,072	—	$54.4M
VGVenture Global Inc	2.2%	—	4,500,000	—	$50.1M
FCELFuelCell Energy Inc	2.1%	—	1,365,900	—	$49.2M
CLFCleveland-Cliffs Inc New	2.1%	—	5,113,625	—	$48.0M
CNRCore Nat Res Inc	2.0%	2.1%	589,633	+17.9%	$47.2M
NSCNorfolk Southn Corporation	2.0%	—	145,000	—	$45.6M
POWLPowell Inds Inc	2.0%	0.9%	158,899	+297.2%	$45.5M
VISTVista Energy S.a.b. de C.v.	1.9%	1.7%	705,720	+29.8%	$45.0M
SOCSable Offshore Corp	1.9%	9.1%	14,448,741	+7.4%	$44.5M
ODFLOld Dominion Freight Line in	1.9%	2.5%	200,000	-35.5%	$43.3M
CENXCentury Alum Co	1.8%	3.7%	900,000	-42.0%	$41.4M
ASPIAsp Isotopes Inc	1.8%	1.2%	6,561,754	-5.1%	$40.8M
EROKEaglerock Ld LLC	1.7%	—	1,858,313	—	$39.5M
CNICanadian Natl Ry Co	1.7%	—	325,000	—	$38.7M
SMSm Energy Company	1.6%	0.9%	1,448,061	+107.5%	$37.8M
WHDCactus Inc	1.6%	1.5%	726,675	-5.1%	$37.2M
MEOHMethanex Corp	1.6%	—	791,123	—	$36.5M
KEXKirby Corp	1.6%	2.5%	265,609	-43.4%	$36.1M
NXTNextpower Inc	1.4%	2.4%	280,000	-42.2%	$33.4M
MATXMatson Inc Com Npv	1.4%	1.3%	170,724	-14.6%	$32.8M
EROCErock Inc	1.2%	—	1,900,000	—	$27.6M
NBRNabors Industries Ltd	1.1%	—	315,000	—	$26.5M
PDSPrecision Drilling Corp Com New	1.1%	1.4%	333,371	-5.1%	$25.6M
SBLKStar Bulk Carriers Corp.	1.0%	—	962,500	—	$24.0M
FPSForgent Power Solutions Inc	1.0%	2.3%	424,476	-78.0%	$23.7M
NOGNorthern Oil & Gas Inc	1.0%	—	1,250,000	—	$22.7M
TALOTalos Energy Inc	1.0%	—	1,747,661	—	$22.6M
FLOCFlowco Hldgs Inc	0.9%	1.1%	1,020,634	-20.0%	$21.8M
TTITetra Technologies Inc Del	0.9%	1.1%	1,900,000	-40.7%	$21.5M
PSXPhillips 66	0.9%	2.3%	124,833	-59.0%	$21.1M
LSTRLandstar Systems Inc	0.9%	—	100,000	—	$20.7M
WABWabtec	0.9%	—	75,000	—	$20.2M
RNGRRanger Energy Services Inc	0.8%	1.1%	1,227,978	-18.5%	$19.7M
FRVOFervo Energy Co	0.8%	—	625,070	—	$18.3M
INIOInnio NV	0.8%	—	460,000	—	$18.2M
RXORxo Inc	0.7%	—	610,755	—	$16.9M
PWRQuanta Svcs Inc	0.6%	1.3%	20,000	-66.7%	$14.4M
ECOOkeanis Eco Tankers Cor	0.5%	0.8%	222,197	-41.1%	$11.1M
DVNDevon Energy Corp New	0.5%	1.1%	264,101	-49.0%	$10.9M
EURNCmb.tech NV	0.2%	1.8%	334,456	-90.4%	$4.7M
NVGSNavigator Holdings PLC	0.2%	0.8%	200,000	-80.7%	$3.7M

What Encompass Capital Advisors LLC bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: -4.3% /yr; S&P 500 +11.7%
3 years: +2.6% /yr; S&P 500 +22.3%
5 years: +1.4% /yr; S&P 500 +10.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$2.3B	53
Q1 2026	$2.5B	56
Q4 2025	$2.1B	48
Q3 2025	$2.2B	54
Q2 2025	$2.5B	61
Q1 2025	$2.6B	66
Q4 2024	$2.3B	59
Q3 2024	$2.1B	56
Q2 2024	$1.8B	58
Q1 2024	$1.8B	57
Q4 2023	$1.7B	57
Q3 2023	$1.6B	46

Questions about Encompass Capital Advisors LLC's portfolio

What stocks does Encompass Capital Advisors LLC own?

Encompass Capital Advisors LLC's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 53 positions worth $2.3B. The largest are T1 Energy Inc (TE) at 14.3%, Solaris Energy Infrastructure Inc (SOI) at 8.7%, Atlas Energy Solutions Inc (AESI) at 4.7%, National Energy Services Reuni Shs (NESR) at 4.0% and Constellium SE (CSTM) at 3.3%.

What did Encompass Capital Advisors LLC buy last quarter?

In Q2 2026, Encompass Capital Advisors LLC added Powell Inds Inc (POWL) (+297.2% shares), Occidental Pete Corp (OXY) (+152.1% shares) and Sm Energy Company (SM) (+107.5% shares), compared with its Q1 2026 filing.

What did Encompass Capital Advisors LLC sell last quarter?

In Q2 2026, Encompass Capital Advisors LLC cut from its top 50 Baytex Energy Corp (BTE), cut from its top 50 Almonty Inds Inc (ALM), cut from its top 50 Constellation Energy Corp (CEG), cut from its top 50 Select Water Solutions Inc (WTTR), cut from its top 50 Murphy USA Inc (MUSA), Cmb.tech NV (EURN) (-90.4% shares), Navigator Holdings PLC (NVGS) (-80.7% shares) and Forgent Power Solutions Inc (FPS) (-78.0% shares), compared with its Q1 2026 filing.

How has Encompass Capital Advisors LLC's portfolio performed?

A portfolio copying Encompass Capital Advisors LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +2.6% a year over the last 3 years, against +22.3% for the S&P 500. Over 1 year: -4.3% against +11.7%. Over 5 years: +1.4% a year against +10.6%.

When is Encompass Capital Advisors LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Encompass Capital Advisors LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Encompass Capital Advisors LLC manage?

Encompass Capital Advisors LLC reported $4.8B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $2.3B.