SailingStone Capital Partners LLC
Long book
$440.3M
Q1 2026
Positions
17
Top-10 weight
89%
concentration
Last quarter
+5.3%
SPY +14.8%
Turnover
12%
of book per quarter
Strategy in plain words
auto-generated from filingsSailingStone Capital Partners LLC is a concentrated fundamental stock-picker, running a $440.3M US long book across 17 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: COMPASS MINERALS INTERNATION, LINDE PLC, RANGE RESOURCES CORP, ENTERPRISE PRODUCTS PARTNERS, IVANHOE ELECTRIC INC / US.
Over the last 9 quarters its long book ran on average 3.9pp per quarter ahead of the S&P 500, beating the index in 5 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
-2.2%
Q2 2024
-0.7%
Q3 2024
+7.6%
Q4 2024
-7.0%
Q1 2025
+42.6%
Q2 2025
+11.8%
Q3 2025
+9.0%
Q4 2025
+9.5%
Q1 2026
+5.3%
Sector allocation
Materials 51%
Energy 19%
Utilities 16%
Other 8%
Technology 5%
Industrials 1%
Long book by quarter
What does SailingStone Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CMP COMPASS MINERALS INTERNATION | Materials | 4.8M | $112.7M | 25.6% | -10.9% |
| LIN LINDE PLC | Materials | 110.0K | $54.5M | 12.4% | +5.5% |
| RRC RANGE RESOURCES CORP | Energy | 982.0K | $44.4M | 10.1% | -6.0% |
| EPD ENTERPRISE PRODUCTS PARTNERS | Utilities | 1.1M | $42.8M | 9.7% | -1.8% |
| IE IVANHOE ELECTRIC INC / US | Materials | 3.0M | $36.0M | 8.2% | -19.4% |
| AR ANTERO RESOURCES CORP | Energy | 844.3K | $35.8M | 8.1% | -2.9% |
| WFG WEST FRASER TIMBER CO LTD | Other | 261.2K | $23.8M | 5.4% | New |
| WMB WILLIAMS COS INC | Utilities | 225.8K | $16.4M | 3.7% | -1.2% |
| NRGV ENERGY VAULT HOLDINGS INC | Technology | 4.4M | $14.7M | 3.3% | -10.0% |
| CCJ CAMECO CORP | Materials | 72.8K | $11.0M | 2.5% | -27.2% |
| NTR NUTRIEN LTD | Other | 134.0K | $10.1M | 2.3% | -21.9% |
| CEG CONSTELLATION ENERGY | Utilities | 32.4K | $9.0M | 2.1% | +47.1% |
| MTRN MATERION CORP | Industrials | 42.3K | $6.1M | 1.4% | Held |
| HUBB HUBBELL INC | Technology | 12.0K | $5.9M | 1.3% | -0.4% |
| MLM MARTIN MARIETTA MATERIALS | Materials | 7.6K | $4.5M | 1.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 17 | $440.3M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 15 | $402.5M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 16 | $381.9M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 16 | $378.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 12 | $269.5M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 11 | $301.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 14 | $318.2M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 14 | $282.4M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 14 | $275.6M | canonical | SEC ↗ |
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