Grey Rock Energy Management, LLC
Long book
$324.4M
Q1 2026
Positions
1
Top-10 weight
100%
concentration
Last quarter
-23.0%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsGrey Rock Energy Management, LLC is a diversified fundamental manager, specialised in energy (100% of the long book), running a $324.4M US long book across 1 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: GRANITE RIDGE RESOURCES INC.
Over the last 6 quarters its long book ran on average 7.5pp per quarter behind the S&P 500, beating the index in 2 of 6 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q4 2024
-4.1%
Q1 2025
+6.8%
Q2 2025
-13.4%
Q3 2025
-11.3%
Q4 2025
+27.7%
Q1 2026
-23.0%
Sector allocation
Energy 100%
Long book by quarter
What does Grey Rock own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| GRNT GRANITE RIDGE RESOURCES INC | Energy | 55.3M | $324.4M | 100.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 5, 2026 | 1 | $324.4M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 26, 2026 | 1 | $259.8M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 22, 2025 | 1 | $299.0M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 21, 2025 | 1 | $352.0M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 12, 2025 | 1 | $336.0M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 11, 2025 | 1 | $357.0M | canonical | SEC ↗ |
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