Riverstone Holdings 13F annual report

Riverstone Holdings is an investment fund managing more than $754 billion ran by Thomas Smith. There are currently 5 companies in Mr. Smith’s portfolio. The largest investments include Permian Resources Corp and Veren, together worth $710 billion.

$754 billion Assets Under Management (AUM)

As of 7th August 2024, Riverstone Holdings’s top holding is 39,187,864 shares of Permian Resources Corp currently worth over $633 billion and making up 83.9% of the portfolio value. Relative to the number of outstanding shares of Permian Resources Corp, Riverstone Holdings owns more than 0.1% of the company. In addition, the fund holds 9,823,723 shares of Veren worth $77.3 billion, whose value grew 35.5% in the past six months. The third-largest holding is Vital Energy Inc worth $22.4 billion and the next is Enviva Inc worth $13.9 billion, with 32,416,420 shares owned.

Currently, Riverstone Holdings's portfolio is worth at least $754 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 Riverstone Holdings

The Riverstone Holdings office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Thomas Smith serves as the Authorized Person at Riverstone Holdings.

Recent trades

In the most recent 13F filing, Riverstone Holdings revealed that it had opened a new position in Veren and bought 9,823,723 shares worth $77.3 billion.

On the other hand, there are companies that Riverstone Holdings is getting rid of from its portfolio. Riverstone Holdings closed its position in Crescent Pt Energy Corp on 14th August 2024. It sold the previously owned 41,757,442 shares for $289 billion. Thomas Smith also disclosed a decreased stake in Permian Resources Corp by 0.2%. This leaves the value of the investment at $633 billion and 39,187,864 shares.

One of the average hedge funds

The two most similar investment funds to Riverstone Holdings are Inspire Advisors and Berkshire Money Management. They manage $754 billion and $753 billion respectively.

Thomas Smith investment strategy

Riverstone Holdings’s portfolio is diversified across 3 sectors. Currently, their heaviest sector is Energy — making up 94.2% of the total portfolio value. The fund focuses on investments in the United States as 40.0% 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 approximately 0.1% 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 $3.32 billion.

The complete list of Riverstone Holdings trades based on 13F SEC filings

These positions were updated on August 14th 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
Permian Resources Corp	21.34% 39,187,864	$632,884,004,000	83.93%
Crescent Pt Energy Corp	Closed 41,757,442	$289,379,073,000
Vital Energy Inc	Closed 3,370,497	$153,323,909,000
Veren Inc.	Opened 9,823,723	$77,312,700,000	10.25%
Vital Energy Inc	Opened 500,284	$22,422,729,000	2.97%
Enviva Inc	No change 32,416,420	$13,939,061,000	1.85%
Solid Power Inc	2.88% 4,545,107	$7,499,427,000	0.99%
Tritium Dcfc Limited	Closed 7,537,637	$1,658,280,000
No transactions found
Showing first 500 out of 8 holdings