EnCap Investments L.P.

Fundamental diversified ★Signal energy specialist (100%) CIK 1290910
Long book
$904.8M
Q1 2026
Positions
4
Top-10 weight
100%
concentration
Last quarter
-15.4%
SPY +14.8%
Turnover
—
of book per quarter

Strategy in plain words

auto-generated from filings

EnCap Investments L.P. is a diversified fundamental manager, specialised in energy (100% of the long book), running a $904.8M US long book across 4 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Current anchor positions: DEVON ENERGY CORP, PERMIAN RESOURCES CORP-CL A, KIMBELL ROYALTY PARTNERS LP, DIAMONDBACK ENERGY INC.

We rate its filings as signal-bearing: position changes reflect genuine views.

Sector allocation

Energy
100%

Long book by quarter

$904.8M
Q1 2026

What does EnCap Investments own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
DVN DEVON ENERGY CORPEnergy10.6M$534.0M59.0%Held
PR PERMIAN RESOURCES CORP-CL AEnergy12.5M$265.9M29.4%Held
FANG DIAMONDBACK ENERGY INCEnergy132.8K$26.3M2.9%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 20264$904.8M canonicalSEC ↗

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