Aventail Capital Group, LP
Long book
$2.07B
Q1 2026
Positions
169
Top-10 weight
23%
concentration
Last quarter
-0.4%
SPY +14.8%
Turnover
24%
of book per quarter
Strategy in plain words
auto-generated from filingsAventail Capital Group, LP is an institutional manager, running a $2.07B US long book across 169 positions.
The portfolio is broadly diversified across 169 positions (top 10 only 23%). Turnover is modest: positions are typically held for years. Current anchor positions: ENTERGY CORP, NATIONAL FUEL GAS CO, CENTERPOINT ENERGY INC, ATMOS ENERGY CORP, CNX RESOURCES CORP.
Over the last 9 quarters its long book ran on average 0.1pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.6%
Q2 2024
+1.6%
Q3 2024
+4.5%
Q4 2024
+1.2%
Q1 2025
+3.4%
Q2 2025
+6.2%
Q3 2025
-0.8%
Q4 2025
+22.1%
Q1 2026
-0.4%
Sector allocation
Utilities 44%
Energy 28%
Industrials 22%
Technology 2%
Materials 1%
Other 1%
Services media 1%
Financials 1%
Long book by quarter
What does Aventail Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| ETR ENTERGY CORP | Utilities | 692.5K | $77.8M | 3.8% | -16.5% |
| NFG NATIONAL FUEL GAS CO | Utilities | 720.4K | $67.7M | 3.3% | -33.9% |
| CNP CENTERPOINT ENERGY INC | Utilities | 1.1M | $47.1M | 2.3% | +194.5% |
| ATO ATMOS ENERGY CORP | Utilities | 247.8K | $45.8M | 2.2% | +29.7% |
| CNX CNX RESOURCES CORP | Energy | 1.1M | $43.6M | 2.1% | +2501.8% |
| APA APA CORP | Energy | 985.6K | $41.8M | 2.0% | New |
| GEV GE VERNOVA INC | Industrials | 47.4K | $41.4M | 2.0% | +876.9% |
| PPL PPL CORP | Utilities | 998.4K | $38.1M | 1.8% | +304.5% |
| NRG NRG ENERGY INC | Utilities | 254.1K | $37.1M | 1.8% | +17.6% |
| WWD WOODWARD INC | Industrials | 102.6K | $36.7M | 1.8% | +41.2% |
| AEE AMEREN CORPORATION | Utilities | 311.6K | $34.2M | 1.7% | -53.2% |
| SO SOUTHERN CO/THE | Utilities | 319.2K | $30.8M | 1.5% | -45.3% |
| AEP AMERICAN ELECTRIC POWER | Utilities | 232.9K | $30.5M | 1.5% | -52.6% |
| PEG PUBLIC SERVICE ENTERPRISE GP | Utilities | 374.1K | $30.3M | 1.5% | -47.5% |
| MOD MODINE MANUFACTURING CO | Industrials | 138.1K | $29.9M | 1.4% | -65.7% |
| TRGP TARGA RESOURCES CORP | Utilities | 117.9K | $29.6M | 1.4% | +159.3% |
| OVV OVINTIV INC | Energy | 487.2K | $28.9M | 1.4% | +25.7% |
| SRE SEMPRA | Utilities | 293.7K | $28.5M | 1.4% | +174.7% |
| NXT NEXTPOWER INC-CL A | Technology | 230.2K | $27.7M | 1.3% | +217.1% |
| ATI ATI INC | Industrials | 185.3K | $27.0M | 1.3% | New |
| LNT ALLIANT ENERGY CORP | Utilities | 364.1K | $26.1M | 1.3% | -17.3% |
| PR PERMIAN RESOURCES CORP-CL A | Energy | 1.1M | $23.4M | 1.1% | -3.6% |
| DUK DUKE ENERGY CORP | Utilities | 167.9K | $22.0M | 1.1% | +63.9% |
| LII LENNOX INTERNATIONAL INC | Industrials | 46.0K | $21.4M | 1.0% | New |
| BKV BKV CORPORATION | Energy | 745.6K | $21.3M | 1.0% | +155.4% |
| FE FIRSTENERGY CORP | Utilities | 406.8K | $20.6M | 1.0% | -46.1% |
| ES EVERSOURCE ENERGY | Utilities | 296.4K | $20.5M | 1.0% | -65.2% |
| IMO IMPERIAL OIL LTD | Energy | 156.9K | $20.5M | 1.0% | New |
| DTE DTE ENERGY COMPANY | Utilities | 139.5K | $20.4M | 1.0% | -18.8% |
| XEL XCEL ENERGY INC | Utilities | 256.5K | $20.4M | 1.0% | +14.0% |
| SLB SLB LTD | Energy | 396.0K | $20.3M | 1.0% | -74.7% |
| DVN DEVON ENERGY CORP | Energy | 397.9K | $20.0M | 1.0% | -59.6% |
| OKE ONEOK INC | Utilities | 219.9K | $19.9M | 1.0% | -63.4% |
| CAT CATERPILLAR INC | Industrials | 27.9K | $19.8M | 1.0% | -57.5% |
| CVX CHEVRON CORP | Energy | 95.6K | $19.8M | 1.0% | -44.9% |
| AR ANTERO RESOURCES CORP | Energy | 461.1K | $19.6M | 0.9% | -73.1% |
| NEE NEXTERA ENERGY INC | Utilities | 207.7K | $19.3M | 0.9% | +35.6% |
| BWA BORGWARNER INC | Industrials | 355.4K | $19.3M | 0.9% | New |
| FTAI FTAI AVIATION LTD | Services media | 74.8K | $18.3M | 0.9% | +632.0% |
| MTZ MASTEC INC | Industrials | 54.4K | $17.5M | 0.8% | +188.8% |
| SOC SABLE OFFSHORE CORP | Energy | 991.7K | $16.4M | 0.8% | -21.6% |
| OXY OCCIDENTAL PETROLEUM CORP | Energy | 247.8K | $16.1M | 0.8% | +506.9% |
| BKR BAKER HUGHES CO | Industrials | 255.0K | $15.6M | 0.8% | +172.5% |
| PNW PINNACLE WEST CAPITAL | Utilities | 153.2K | $15.4M | 0.7% | +23.9% |
| HVII HENNESSY CAPITAL INVESTMENT | Utilities | 1.5M | $15.0M | 0.7% | +4.3% |
| PSX PHILLIPS 66 | Energy | 81.5K | $14.8M | 0.7% | -36.9% |
| MWH SOLV ENERGY INC-CL A | Industrials | 493.0K | $14.8M | 0.7% | New |
| KGS KODIAK GAS SERVICES INC | Utilities | 253.7K | $14.8M | 0.7% | -46.8% |
| PCG P G & E CORP | Utilities | 822.6K | $14.5M | 0.7% | +695.1% |
| PCAR PACCAR INC | Industrials | 124.6K | $14.4M | 0.7% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 170 | $2.09B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 156 | $1.74B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 143 | $2.16B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 130 | $2.27B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 128 | $2.03B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 113 | $1.95B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 92 | $1.70B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 89 | $1.43B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 74 | $1.31B | canonical | SEC ↗ |
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