Encompass Capital Advisors LLC

Registered adviser

CIK

1541901

Location

New York, NY

Portfolio Value

Mid $2,809,242,870

Diversification

Diversified

Reports for

Encompass Capital Master Fund LP Encompass Capital E L Master Fund L.P. Encompass Capital Energy Transition Master Fund L.P.

Filing Date

Global Rank

#1,302 / 8,819 ▼ 253

Top Industry

Oil & Gas Equipment & Services 29.1%

3Y Alpha vs SPY

-9.9%

Period ended 4 months ago

Filed Aug 14, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 160113

Roster of Oct 1, 2026

Regulatory AUM

$4,835,430,280

Main clients

Pooled investment vehicles (82% of AUM)

Private funds

3 funds · Hedge funds

Focus by fund count, roster of Oct 1, 2026

$3,971,175,395 gross assets

Private funds on Schedule D 7.B.(1)

As filed Mar 28, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$2,984,407,111 gross assets in 3 funds Hedge funds $2,984,407,111 (3)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$4,835,430,280	Pooled investment vehicles (82%)
Apr 2025 to Mar 2026	$4,799,338,310	Pooled investment vehicles (81%)
Apr 2024 to Mar 2025	$3,825,564,528	Pooled investment vehicles (78%)
May 2023 to Mar 2024	$3,990,364,912	Pooled investment vehicles (78%)
Apr 2023	$3,990,364,912	Pooled investment vehicles (78%)
Nov 2022 to Mar 2023	$2,914,090,186	Pooled investment vehicles (74%)

4 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 48.6%, 22.4 effective positions, active share 97.6% against the S&P SmallCap 600 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

High turnover

160.5% over the last four quarters (100%+)

Horizon

Medium horizon

Value-weighted holding period 4.9 quarters (4 to under 12)

Closest benchmark: the S&P SmallCap 600 as of 2026-06-30, active share 97.6%; sector active share 82.5% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

52 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

17.5%

+4.2 pts

Top 5

43.7%

+7.9 pts

Top 10

55.7%

+5.5 pts

HHI

611

Diversified+194

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Energy	43.4%	$1,218,441,790	26
Industrials	28.5%	$799,585,194	17
Unclassified	17.5%	$492,818,125	1
Basic Materials	8.7%	$243,918,765	5
Technology	1.2%	$33,359,200	1
Utilities	0.8%	$21,119,796	2

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

7 positions

Ticker	Company	Δ Shares	Shares	Value
SOC	Sable Offshore Corp.	+1,000,000	14,448,741	$44,502,122
SEI	Solaris Energy Infrastructure, Inc.	+769,604	2,519,604	$202,727,337
SM	SM Energy Co	+750,261	1,448,061	$37,794,392
OXY	Occidental Petroleum Corp	+686,604	1,138,000	$55,272,660
VIST	Vista Energy, S.A.B. de C.V.	+162,169	705,720	$45,024,936
POWL	Powell Industries Inc	+118,899	158,899	$45,502,317
CNR	Core Natural Resources, Inc.	+89,633	589,633	$47,182,432
No positions match the current search.

Trimmed

Positions the filer reduced

21 positions

Ticker	Company	Δ Shares	Shares	Value
CMBT	Cmb.Tech NV	−3,165,544	334,456	$4,679,039
AESI	Atlas Energy Solutions Inc.	−2,594,860	6,540,322	$108,634,748
FPS	Forgent Power Solutions, Inc.	−1,501,223	424,476	$23,711,229
TTI	Tetra Technologies Inc	−1,301,953	1,900,000	$21,527,000
NESR	National Energy Services Reunited Corp.	−1,158,851	3,102,538	$92,858,962
NVGS	Navigator Holdings Ltd.	−834,216	200,000	$3,726,000
CENX	Century Aluminum Co	−651,362	900,000	$41,409,000
ASPI	ASP Isotopes Inc.	−350,300	6,561,754	$40,814,109
RNGR	Ranger Energy Services, Inc.	−279,525	1,227,978	$19,659,927
FLOC	Flowco Holdings Inc.	−254,410	1,020,634	$21,780,329
DVN	Devon Energy Corp	−253,499	264,101	$10,912,653
NXT	Nextpower Inc.	−204,262	280,000	$33,359,200
KEX	Kirby Corp	−204,002	265,609	$36,114,855
PSX	Phillips 66	−179,867	124,833	$21,103,018
ECO	Okeanis Eco Tankers Corp.	−155,235	222,197	$11,136,513
ODFL	Old Dominion Freight Line, Inc.	−110,061	200,000	$43,320,000
CSTM	Constellium SE	−55,929	2,421,349	$77,168,392
PWR	Quanta Services, Inc.	−40,000	20,000	$14,400,800
WHD	Cactus, Inc.	−38,839	726,675	$37,227,560
MATX	Matson, Inc.	−29,110	170,724	$32,818,274
PDS	PRECISION DRILLING Corp	−17,818	333,371	$25,556,220
No positions match the current search.

New Positions

Positions the filer opened this quarter

21 positions

Ticker	Company	Shares	Value
MUR	Murphy Oil Corp	2,250,000	$73,260,000
PUMP	ProPetro Holding Corp.	4,574,591	$65,599,634
BKR	Baker Hughes Co	1,149,014	$63,770,277
PTEN	Patterson Uti Energy Inc	5,921,072	$54,355,440
VG	Venture Global, Inc.	4,500,000	$50,085,000
FCEL	Fuelcell Energy Inc	1,365,900	$49,186,059
CLF	Cleveland-Cliffs Inc.	5,113,625	$48,016,938
NSC	Norfolk Southern Corp	145,000	$45,615,550
EROK	EagleRock Land, LLC	1,858,313	$39,489,151
CNI	Canadian National Railway Co	325,000	$38,753,000
MEOH	Methanex Corp	791,123	$36,510,326
EROC	ERock, Inc.	1,900,000	$27,550,000
NBR	Nabors Industries Ltd	315,000	$26,463,150
SBLK	Star Bulk Carriers Corp.	962,500	$24,033,625
NOG	Northern Oil & Gas, Inc.	1,250,000	$22,687,500
TALO	Talos Energy Inc.	1,747,661	$22,562,303
LSTR	Landstar System Inc	100,000	$20,681,000
WAB	Westinghouse Air Brake Technologies Corp	75,000	$20,220,000
FRVO	Fervo Energy Co	625,070	$18,270,796
INIO	Innio N.V.	460,000	$18,193,000
RXO	RXO, Inc.	610,755	$16,850,730
No positions match the current search.

Sold Out

Positions the filer fully exited

23 positions

Ticker	Company	Shares	Value
BTE	Baytex Energy Corp.	20,071,614	$89,720,114
ALM	Almonty Industries Inc.	4,300,839	$62,276,148
CEG	Constellation Energy Corp	200,000	$55,850,000
WTTR	Select Water Solutions, Inc.	3,085,249	$47,204,309
MUSA	Murphy USA Inc.	90,000	$44,457,300
UEC	Uranium Energy Corp	3,000,000	$40,500,000
AA	Alcoa Corp	605,149	$40,139,533
TBN	Tamboran Resources Corp	713,698	$35,677,763
PR	Permian Resources Corp	1,597,811	$34,065,330
CSX	Csx Corp	785,800	$32,257,090
MWH	SOLV Energy, Inc.	1,000,400	$30,042,012
NUE	Nucor Corp	175,000	$29,592,500
PARR	Par Pacific Holdings, Inc.	460,393	$28,839,017
KNX	Knight-Swift Transportation Holdings Inc.	500,000	$28,790,000
VTOL	Bristow Group Inc.	587,364	$27,541,497
ENPH	Enphase Energy, Inc.	720,288	$27,234,089
LIN	Linde PLC	50,000	$24,788,000
DAR	Darling Ingredients Inc.	400,000	$24,740,000
VNOM	Viper Energy, Inc.	464,604	$21,831,741
STLD	Steel Dynamics Inc	100,043	$18,007,740
STNG	Scorpio Tankers Inc.	200,000	$14,932,000
AGI	Alamos Gold Inc	300,065	$13,331,887
USAR	USA Rare Earth, Inc.	465,000	$7,037,775
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

52 tracked positions · $2,809,242,870 total · filing declares 54 positions · $2,811,190,818 · as of Jun 30, 2026

All sectors Basic Materials Energy Industrials Technology Utilities

Showing 1–50 of 52 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
MTUM	iShares MSCI USA Momentum Factor ETF PUT	NEW	1,437,500	NEW	$492,818,125	NEW	—	—	17.54%
TE	T1 Energy Inc. Industrials	Held	34,968,169	0	$331,498,242	+115.9%	10	$3.32	11.80%
SEI	Solaris Energy Infrastructure, Inc. Energy	Added	2,519,604	+769,604	$202,727,337	+105.0%	9	$33.56	7.22%
AESI	Atlas Energy Solutions Inc. Energy	Reduced	6,540,322	-2,594,860	$108,634,748	−9.4%	2	$11.68	3.87%
NESR	National Energy Services Reunited Corp. Energy	Reduced	3,102,538	-1,158,851	$92,858,962	+1.5%	7	$8.76	3.31%
CSTM	Constellium SE Basic Materials	Reduced	2,421,349	-55,929	$77,168,392	+26.7%	8	$13.18	2.75%
MUR	Murphy Oil Corp Energy	NEW	2,250,000	NEW	$73,260,000	NEW	1	$38.27	2.61%
PUMP	ProPetro Holding Corp. Energy	NEW	4,574,591	NEW	$65,599,634	NEW	1	$15.54	2.34%
BKR	Baker Hughes Co Energy	NEW	1,149,014	NEW	$63,770,277	NEW	1	$63.22	2.27%
OXY	Occidental Petroleum Corp Energy	Added	1,138,000	+686,604	$55,272,660	+88.4%	2	$54.21	1.97%
PTEN	Patterson Uti Energy Inc Energy	NEW	5,921,072	NEW	$54,355,440	NEW	1	$11.16	1.93%
VG	Venture Global, Inc. Energy	NEW	4,500,000	NEW	$50,085,000	NEW	1	$12.65	1.78%
FCEL	Fuelcell Energy Inc Industrials	NEW	1,365,900	NEW	$49,186,059	NEW	1	$16.24	1.75%
CLF	Cleveland-Cliffs Inc. Basic Materials	NEW	5,113,625	NEW	$48,016,938	NEW	1	$11.00	1.71%
CNR	Core Natural Resources, Inc. Energy	Added	589,633	+89,633	$47,182,432	−9.9%	3	$90.38	1.68%
NSC	Norfolk Southern Corp Industrials	NEW	145,000	NEW	$45,615,550	NEW	1	$308.32	1.62%
POWL	Powell Industries Inc Industrials	Added	158,899	+118,899	$45,502,317	+110.2%	2	unpriced	1.62%
VIST	Vista Energy, S.A.B. de C.V. Energy	Added	705,720	+162,169	$45,024,936	+9.8%	10	$47.41	1.60%
SOC	Sable Offshore Corp. Energy	Added	14,448,741	+1,000,000	$44,502,122	−80.0%	8	$16.78	1.58%
ODFL	Old Dominion Freight Line, Inc. Industrials	Reduced	200,000	-110,061	$43,320,000	−28.5%	2	$186.49	1.54%
CENX	Century Aluminum Co Basic Materials	Reduced	900,000	-651,362	$41,409,000	−54.5%	6	$41.14	1.47%
ASPI	ASP Isotopes Inc. Basic Materials	Reduced	6,561,754	-350,300	$40,814,109	+33.6%	2	$5.91	1.45%
EROK	EagleRock Land, LLC Energy	NEW	1,858,313	NEW	$39,489,151	NEW	1	$21.60	1.41%
CNI	Canadian National Railway Co Industrials	NEW	325,000	NEW	$38,753,000	NEW	1	$113.86	1.38%
SM	SM Energy Co Energy	Added	1,448,061	+750,261	$37,794,392	+73.7%	2	$26.56	1.35%
WHD	Cactus, Inc. Energy	Reduced	726,675	-38,839	$37,227,560	+2.7%	2	$52.47	1.33%
MEOH	Methanex Corp Basic Materials	NEW	791,123	NEW	$36,510,326	NEW	1	$58.93	1.30%
KEX	Kirby Corp Industrials	Reduced	265,609	-204,002	$36,114,855	−42.1%	17	$93.67	1.29%
NXT	Nextpower Inc. Technology	Reduced	280,000	-204,262	$33,359,200	−42.9%	7	$40.94	1.19%
MATX	Matson, Inc. Industrials	Reduced	170,724	-29,110	$32,818,274	+0.2%	2	$155.55	1.17%
EROC	ERock, Inc. Industrials	NEW	1,900,000	NEW	$27,550,000	NEW	1	unpriced	0.98%
NBR	Nabors Industries Ltd Energy	NEW	315,000	NEW	$26,463,150	NEW	1	$93.04	0.94%
PDS	PRECISION DRILLING Corp Energy	Reduced	333,371	-17,818	$25,556,220	−26.0%	24	unpriced	0.91%
SBLK	Star Bulk Carriers Corp. Industrials	NEW	962,500	NEW	$24,033,625	NEW	1	$25.86	0.86%
FPS	Forgent Power Solutions, Inc. Industrials	Reduced	424,476	-1,501,223	$23,711,229	−57.9%	2	$33.28	0.84%
NOG	Northern Oil & Gas, Inc. Energy	NEW	1,250,000	NEW	$22,687,500	NEW	1	$23.70	0.81%
TALO	Talos Energy Inc. Energy	NEW	1,747,661	NEW	$22,562,303	NEW	1	$14.92	0.80%
FLOC	Flowco Holdings Inc. Energy	Reduced	1,020,634	-254,410	$21,780,329	−17.1%	6	$20.89	0.78%
TTI	Tetra Technologies Inc Energy	Reduced	1,900,000	-1,301,953	$21,527,000	−21.1%	3	$7.94	0.77%
PSX	Phillips 66 Energy	Reduced	124,833	-179,867	$21,103,018	−62.0%	2	$156.70	0.75%
LSTR	Landstar System Inc Industrials	NEW	100,000	NEW	$20,681,000	NEW	1	$191.21	0.74%
WAB	Westinghouse Air Brake Technologies Corp Industrials	NEW	75,000	NEW	$20,220,000	NEW	1	$264.40	0.72%
RNGR	Ranger Energy Services, Inc. Energy	Reduced	1,227,978	-279,525	$19,659,927	−23.9%	18	$10.12	0.70%
FRVO	Fervo Energy Co Utilities	NEW	625,070	NEW	$18,270,796	NEW	1	$36.11	0.65%
INIO	Innio N.V. Industrials	NEW	460,000	NEW	$18,193,000	NEW	1	unpriced	0.65%
RXO	RXO, Inc. Industrials	NEW	610,755	NEW	$16,850,730	NEW	1	$22.08	0.60%
PWR	Quanta Services, Inc. Industrials	Reduced	20,000	-40,000	$14,400,800	−56.3%	2	$514.99	0.51%
ECO	Okeanis Eco Tankers Corp. Industrials	Reduced	222,197	-155,235	$11,136,513	−41.7%	3	$33.92	0.40%
DVN	Devon Energy Corp Energy	Reduced	264,101	-253,499	$10,912,653	−58.1%	2	$42.88	0.39%
CMBT	Cmb.Tech NV Energy	Reduced	334,456	-3,165,544	$4,679,039	−89.4%	4	$10.29	0.17%

Showing the top 50 of 52 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.