Encompass Capital Advisors LLC
SEC Form 13F institutional filer · CIK 0001541901
13F-HR · 10 reported holdings · 2026-03-31
Reported long-US-equity value
$0.36B
Top-10 concentration
100.0%
Encompass Capital Advisors LLC — $365M AUM allocation strategy
Encompass Capital Advisors LLC files SEC Form 13F and reports $365M of long US equity value across 10 reported holdings for 2026-03-31.
Its largest sector bet is Industrials 34.5%, followed by Energy 30.4% and Materials 19.8%.
The top 10 holdings account for 100% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Encompass Capital Advisors LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$365M
total across 10 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
100% of value
higher = narrower conviction; lower = spread / hedging
Exited to nil (held last quarter, gone now)
$FANG ($112M last qtr)$JBHT ($39.8M last qtr)$SBUX ($36M last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Cargo Ground Transportation16.6%—
- Electric Utilities15.3%—
- Oil & Gas Refining & Marketing15.2%—
- Oil & Gas Exploration & Production15.2%—
- Steel13.0%—
- Construction & Engineering9.0%—
- Rail Transportation8.8%—
- Industrial Gases6.8%—
- Other holdings0.1%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $ODFL | Old Dominion Freight Line Inc | 310K | $60.6M | — | 16.6% |
| $CEG | Constellation Energy Corporation | 200K | $55.9M | — | 15.3% |
| $PSX | Phillips 66 | 305K | $55.5M | — | 15.2% |
| $PWR | Quanta Services Inc | 60K | $32.9M | — | 9.0% |
| $CSX | CSX Corporation | 786K | $32.3M | — | 8.8% |
| $NUE | Nucor Corporation | 175K | $29.6M | -139K | 8.1% |
| $OXY | Occidental Petroleum Corporation | 451K | $29.3M | — | 8.0% |
| $DVN | Devon Energy Corporation | 518K | $26M | — | 7.1% |
| $LIN | Linde plc | 50K | $24.8M | — | 6.8% |
| $STLD | Steel Dynamics Inc | 100K | $18M | — | 4.9% |
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
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How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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