PICKERING ENERGY PARTNERS LP
Long book
$47.1M
Q1 2026
Positions
19
Top-10 weight
96%
concentration
Last quarter
-29.9%
SPY +14.8%
Turnover
68%
of book per quarter
Strategy in plain words
auto-generated from filingsPICKERING ENERGY PARTNERS LP is a concentrated fundamental stock-picker, specialised in energy (99% of the long book), running a $47.1M US long book across 19 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: CRESCENT ENERGY INC-A, SABLE OFFSHORE CORP, TRANSPORTADOR GAS-ADR SP B, SS SPDR S&P OG EXP & PROD, SM ENERGY CO.
Over the last 9 quarters its long book ran on average 2pp per quarter behind the S&P 500, beating the index in 3 of 9 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
Q1 2024
-6.3%
Q2 2024
-10.5%
Q3 2024
+14.9%
Q4 2024
-4.9%
Q1 2025
+12.4%
Q2 2025
-4.1%
Q3 2025
-5.7%
Q4 2025
+56.4%
Q1 2026
-29.9%
Sector allocation
Energy 100%
Other 0%
Long book by quarter
What does PICKERING ENERGY own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CRGY CRESCENT ENERGY INC-A | Energy | 3.0M | $40.5M | 86.0% | +36.6% |
| SOC SABLE OFFSHORE CORP | Energy | 80.0K | $1.3M | 2.8% | Held |
| SM SM ENERGY CO | Energy | 15.0K | $468K | 1.0% | New |
| EXE EXPAND ENERGY CORP | Energy | 3.0K | $329K | 0.7% | -58.9% |
| PR PERMIAN RESOURCES CORP-CL A | Energy | 15.0K | $320K | 0.7% | +50.0% |
| EQT EQT CORP | Energy | 4.5K | $286K | 0.6% | -70.0% |
| DVN DEVON ENERGY CORP | Energy | 5.0K | $252K | 0.5% | New |
| AR ANTERO RESOURCES CORP | Energy | 5.0K | $212K | 0.5% | -61.5% |
| MUR MURPHY OIL CORP | Energy | 5.0K | $206K | 0.4% | -50.0% |
| FANG DIAMONDBACK ENERGY INC | Energy | 1.0K | $198K | 0.4% | New |
| WLK WESTLAKE CORP | Other | 1.0K | $117K | 0.2% | New |
| PTEN PATTERSON-UTI ENERGY INC | Energy | 10.0K | $108K | 0.2% | New |
| CNQ CANADIAN NATURAL RESOURCES | Energy | 2.0K | $97K | 0.2% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 19 | $47.1M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 10 | $25.6M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 9 | $4.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 7 | $4.1M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 13 | $6.8M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 20 | $7.1M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 19 | $5.3M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 29 | $126.3M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 27 | $9.7M | canonical | SEC ↗ |
Similar funds
ICAHN CARL CFOLKETRYGDFONDETSourcerock Group LLCGoehring & Rozencwajg Associates, LLCUNC Management Company, Inc.Liberty Mutual Group Asset Management Inc.EnCap Investments L.P.OAK HILL ADVISORS LPADAMS NATURAL RESOURCES FUND, INC.Webs Creek Capital Management LPPalo Duro Investment Partners, LPDEVON ENERGY CORP/DE