Palo Duro Investment Partners, LP
Long book
$514.6M
Q1 2026
Positions
29
Top-10 weight
95%
concentration
Last quarter
-12.3%
SPY +14.8%
Turnover
24%
of book per quarter
Strategy in plain words
auto-generated from filingsPalo Duro Investment Partners, LP is a concentrated fundamental stock-picker, specialised in energy (68% of the long book), running a $514.6M US long book across 29 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: ANTERO RESOURCES CORP, GULFPORT ENERGY CORP, PERMIAN RESOURCES CORP-CL A, CHORD ENERGY CORP, BAKER HUGHES CO.
Over the last 9 quarters its long book ran on average 1.2pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.4%
Q2 2024
-11.2%
Q3 2024
+10.7%
Q4 2024
+5.8%
Q1 2025
-0.1%
Q2 2025
-3.2%
Q3 2025
+2.3%
Q4 2025
+34.9%
Q1 2026
-12.3%
Sector allocation
Energy 68%
Industrials 16%
Consumer staples 11%
Technology 4%
Utilities 1%
Materials 0%
Long book by quarter
What does Palo Duro own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AR ANTERO RESOURCES CORP | Energy | 2.1M | $89.8M | 17.4% | +9.4% |
| GPOR GULFPORT ENERGY CORP | Energy | 352.1K | $74.5M | 14.5% | +58.2% |
| PR PERMIAN RESOURCES CORP-CL A | Energy | 3.1M | $65.8M | 12.8% | +13.5% |
| CHRD CHORD ENERGY CORP | Energy | 425.2K | $60.5M | 11.7% | -7.6% |
| BKR BAKER HUGHES CO | Industrials | 966.2K | $59.0M | 11.5% | +6.0% |
| DAR DARLING INGREDIENTS INC | Consumer staples | 878.3K | $54.3M | 10.6% | +39.0% |
| CRC CALIFORNIA RESOURCES CORP | Energy | 385.2K | $26.7M | 5.2% | -7.5% |
| GNRC GENERAC HOLDINGS INC | Industrials | 125.1K | $24.4M | 4.7% | +6.9% |
| EXE EXPAND ENERGY CORP | Energy | 195.9K | $21.5M | 4.2% | New |
| SHLS SHOALS TECHNOLOGIES GROUP -A | Technology | 1.6M | $10.8M | 2.1% | +458.8% |
| NXT NEXTPOWER INC-CL A | Technology | 63.1K | $7.6M | 1.5% | +29.1% |
| EQT EQT CORP | Energy | 87.8K | $5.6M | 1.1% | -81.8% |
| TRGP TARGA RESOURCES CORP | Utilities | 17.4K | $4.4M | 0.8% | +21.4% |
| DVN DEVON ENERGY CORP | Energy | 68.9K | $3.5M | 0.7% | +14.3% |
| DTM DT MIDSTREAM INC | Utilities | 8.2K | $1.1M | 0.2% | +22.7% |
| DINO HF SINCLAIR CORP | Energy | 12.6K | $789K | 0.2% | +19.7% |
| AM ANTERO MIDSTREAM CORP | Utilities | 28.9K | $658K | 0.1% | +22.6% |
| UEC URANIUM ENERGY CORP | Materials | 39.1K | $528K | 0.1% | +33.8% |
| CNR CORE NATURAL RESOURCES INC | Materials | 4.1K | $433K | 0.1% | +17.2% |
| HESM HESS MIDSTREAM LP - CLASS A | Energy | 9.9K | $387K | 0.1% | +21.4% |
| PBF PBF ENERGY INC-CLASS A | Energy | 7.0K | $335K | 0.1% | New |
| BTU PEABODY ENERGY CORP | Materials | 9.8K | $324K | 0.1% | +21.4% |
| PARR PAR PACIFIC HOLDINGS INC | Energy | 4.1K | $256K | 0.0% | New |
| INSW INTERNATIONAL SEAWAYS INC | Industrials | 3.4K | $248K | 0.0% | New |
| LEU CENTRUS ENERGY CORP-CLASS A | Materials | 1.4K | $246K | 0.0% | +32.0% |
| DK DELEK US HOLDINGS INC | Energy | 4.8K | $218K | 0.0% | New |
| SUNC SUNOCOCORP LLC | Energy | 3.3K | $205K | 0.0% | New |
| CLMT CALUMET INC | Energy | 5.6K | $201K | 0.0% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 29 | $514.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 22 | $333.4M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 21 | $315.3M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 23 | $302.9M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 21 | $330.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 18 | $342.2M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 16 | $331.5M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 10 | $363.1M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 11 | $362.7M | canonical | SEC ↗ |
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