Encompass Capital Advisors 13F annual report
Encompass Capital Advisors is an investment fund managing more than $1.08 billion ran by Larry Kassman. There are currently 46 companies in Mr. Kassman’s portfolio. The largest investments include California Res Corp and Enerplus, together worth $138 million.
$1.08 billion Assets Under Management (AUM)
As of 8th August 2022, Encompass Capital Advisors’s top holding is 2,411,996 shares of California Res Corp currently worth over $72.7 million and making up 6.8% of the portfolio value.
In addition, the fund holds 9,109,849 shares of Enerplus worth $65.4 million, whose value grew 21.8% in the past six months.
The third-largest holding is Enphase Inc worth $52.1 million and the next is Denbury worth $49.4 million, with 642,994 shares owned.
Currently, Encompass Capital Advisors's portfolio is worth at least $1.08 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Encompass Capital Advisors
The Encompass Capital Advisors office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Larry Kassman serves as the Chief Compliance Officer at Encompass Capital Advisors.
Recent trades
In the most recent 13F filing, Encompass Capital Advisors revealed that it had opened a new position in
Cenovus Inc and bought 4,994,480 shares worth $47.8 million.
This means they effectively own approximately 0.1% of the company.
Cenovus Inc makes up
9.4%
of the fund's Energy sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in California Res Corp by buying
1,963,291 additional shares.
This makes their stake in California Res Corp total 2,411,996 shares worth $72.7 million.
On the other hand, there are companies that Encompass Capital Advisors is getting rid of from its portfolio.
Encompass Capital Advisors closed its position in Petroleo Brasileiro Sa Petro on 15th August 2022.
It sold the previously owned 3,929,039 shares for $44.1 million.
Larry Kassman also disclosed a decreased stake in Enerplus by 0.5%.
This leaves the value of the investment at $65.4 million and 9,109,849 shares.
One of the average hedge funds
The two most similar investment funds to Encompass Capital Advisors are Rbf Capital and Grandfield & Dodd. They manage $1.43 billion and $1.43 billion respectively.
Larry Kassman investment strategy
Encompass Capital Advisors’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Energy — making up 47.2% of
the total portfolio value.
The fund focuses on investments in the United States as
45.7% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
26% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $12.5 billion.
The complete list of Encompass Capital Advisors trades based on 13F SEC filings
These positions were updated on August 15th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| California Res Corp |
437.55%
2,411,996
|
$72,698,000 | 6.76% |
| Enerplus Corporation |
51.06%
9,109,849
|
$65,445,000 | 6.09% |
| Enphase Energy Inc |
45.03%
283,867
|
$52,126,000 | 4.85% |
| Denbury Inc. |
70.58%
642,994
|
$49,369,000 | 4.59% |
| National Energy Services Reu |
11.13%
3,377,724
|
$48,133,000 | 4.48% |
| Cenovus Energy Inc |
Opened
4,994,480
|
$47,760,000 | 4.44% |
| Whiting Pete Corp New |
293.26%
828,206
|
$45,179,000 | 4.20% |
| Petroleo Brasileiro Sa Petro |
Closed
3,929,039
|
$44,123,000 | |
| Cactus Inc |
3.96%
1,134,511
|
$41,659,000 | 3.87% |
| Devon Energy Corp. |
Opened
1,424,547
|
$41,583,000 | 3.87% |
| EQT Corp |
Opened
1,700,877
|
$37,862,000 | 3.52% |
| XL Fleet Corp |
Closed
1,500,000
|
$35,595,000 | |
| Magnolia Oil & Gas Corp |
Closed
4,839,540
|
$34,167,000 | |
| Shoals Technologies Group In |
Opened
946,637
|
$33,606,000 | 3.12% |
| HF Sinclair Corporation |
Closed
1,257,993
|
$32,519,000 | |
| Ovintiv Inc |
Opened
1,026,203
|
$32,295,000 | 3.00% |
| Vine Energy Inc. |
Opened
2,031,915
|
$31,678,000 | 2.95% |
| Talos Energy Inc |
44.44%
1,941,791
|
$30,370,000 | 2.82% |
| Sunnova Energy International Inc |
20.64%
773,704
|
$29,138,000 | 2.71% |
| Purecycle Technologies Inc |
Opened
1,192,651
|
$28,206,000 | 2.62% |
| Cleveland-Cliffs Inc |
Closed
1,763,815
|
$25,681,000 | |
| Marathon Oil Corporation |
56.06%
1,876,858
|
$25,563,000 | 2.38% |
| Comstock Res Inc |
86.53%
3,797,523
|
$25,329,000 | 2.36% |
| Schlumberger Ltd. |
55.64%
770,134
|
$24,652,000 | 2.29% |
| Canadian Nat Res Ltd |
Closed
1,005,941
|
$24,160,000 | |
| Alussa Energy Acquisition Corp |
79.76%
2,584,066
|
$24,058,000 | 2.24% |
| Pioneer Nat Res Co |
Closed
210,000
|
$23,917,000 | |
| Array Technologies, Inc. |
Closed
543,927
|
$23,465,000 | |
| Arch Resources Inc |
Opened
405,150
|
$23,085,000 | 2.15% |
| Green Plains Inc |
65.44%
645,879
|
$21,714,000 | 2.02% |
| Aemetis Inc |
Opened
1,858,366
|
$20,758,000 | 1.93% |
| Geopark Ltd |
1.93%
1,627,929
|
$20,593,000 | 1.91% |
| Decarbonization Plus Acqu Ii |
Opened
1,817,177
|
$17,936,000 | 1.67% |
| Precision Drilling Corp |
101.72%
415,456
|
$17,305,000 | 1.61% |
| Teck Resources Ltd |
Opened
657,500
|
$15,135,000 | 1.41% |
| Vale S.A. |
Closed
899,980
|
$15,084,000 | |
| Nextgen Acquisition Corp |
Opened
1,496,957
|
$14,880,000 | 1.38% |
| Danimer Scientific, Inc. |
Opened
544,804
|
$13,647,000 | 1.27% |
| Solaris Oilfield Infrastruct |
2.11%
1,306,576
|
$12,726,000 | 1.18% |
| APA Corporation |
Closed
879,381
|
$12,478,000 | |
| Great Lakes Dredge & Dock Corporation |
Closed
917,067
|
$12,078,000 | |
| Darling Ingredients Inc |
Closed
200,000
|
$11,536,000 | |
| Oneok Inc. |
Opened
200,000
|
$11,128,000 | 1.03% |
| Arcelormittal Sa Luxembourg |
Closed
475,000
|
$10,878,000 | |
| Northern Genesis Acquisition Corp. |
Closed
603,456
|
$10,729,000 | |
| Hudbay Minerals Inc. |
Closed
1,408,385
|
$9,853,000 | |
| Nucor Corp. |
Opened
100,000
|
$9,593,000 | 0.89% |
| Alcoa Corp |
66.45%
260,000
|
$9,578,000 | 0.89% |
| Phillips 66 |
Opened
107,500
|
$9,226,000 | 0.86% |
| Star Peak Energy Transition Corp. |
Closed
428,879
|
$8,775,000 | |
| Nabors Industries Ltd |
Opened
70,000
|
$7,997,000 | 0.74% |
| Century Alum Co |
1.43%
600,309
|
$7,738,000 | 0.72% |
| Championx Corporation |
81.00%
298,378
|
$7,653,000 | 0.71% |
| Euronav NV |
Opened
796,919
|
$7,427,000 | 0.69% |
| Tenaris S.A. |
Opened
336,761
|
$7,375,000 | 0.69% |
| Vista Energy S.A.B. de C.V |
5.44%
1,738,600
|
$7,128,000 | 0.66% |
| DHT Holdings Inc |
Opened
1,079,146
|
$7,004,000 | 0.65% |
| Sunpower Corp |
Opened
200,000
|
$5,844,000 | 0.54% |
| Thermon Group Holdings Inc |
Opened
334,939
|
$5,707,000 | 0.53% |
| CVR Energy Inc |
78.60%
200,000
|
$3,592,000 | 0.33% |
| Rice Acquisition Corp. |
Opened
171,359
|
$3,093,000 | 0.29% |
| Patterson-UTI Energy Inc |
Closed
409,055
|
$2,152,000 | |
| Select Energy Svcs Inc |
92.11%
137,635
|
$831,000 | 0.08% |
| No transactions found | |||
| Showing first 500 out of 63 holdings | |||
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