SIR Capital Management, L.P.
Long book
$1.07B
Q1 2026
Positions
88
Top-10 weight
39%
concentration
Last quarter
-5.4%
SPY +14.8%
Turnover
54%
of book per quarter
Strategy in plain words
auto-generated from filingsSIR Capital Management, L.P. is a diversified fundamental manager, running a $1.07B US long book across 88 positions.
The portfolio is moderately concentrated (top 10 ≈ 39% of the book). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: ANTERO RESOURCES CORP, DEVON ENERGY CORP, PERMIAN RESOURCES CORP-CL A, EXPAND ENERGY CORP, CENOVUS ENERGY INC.
Over the last 9 quarters its long book ran on average 1.2pp per quarter behind the S&P 500, beating the index in 4 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
-2.6%
Q2 2024
-2.0%
Q3 2024
+3.3%
Q4 2024
-0.2%
Q1 2025
+1.1%
Q2 2025
+5.9%
Q3 2025
+2.9%
Q4 2025
+26.6%
Q1 2026
-5.4%
Sector allocation
Energy 56%
Utilities 22%
Industrials 12%
Materials 6%
Technology 2%
Consumer staples 2%
Services media 1%
Real estate 0%
Long book by quarter
What does SIR Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AR ANTERO RESOURCES CORP | Energy | 1.2M | $52.8M | 4.9% | +141.7% |
| DVN DEVON ENERGY CORP | Energy | 1.0M | $52.0M | 4.9% | +104.2% |
| PR PERMIAN RESOURCES CORP-CL A | Energy | 2.2M | $47.0M | 4.4% | -16.5% |
| EXE EXPAND ENERGY CORP | Energy | 410.7K | $45.1M | 4.2% | +243.4% |
| CVE CENOVUS ENERGY INC | Energy | 1.5M | $39.2M | 3.7% | +180.9% |
| OKE ONEOK INC | Utilities | 433.2K | $39.2M | 3.7% | -8.3% |
| OVV OVINTIV INC | Energy | 636.0K | $37.8M | 3.5% | +51.9% |
| HAL HALLIBURTON CO | Energy | 961.4K | $37.5M | 3.5% | +968.2% |
| FCX FREEPORT-MCMORAN INC | Materials | 558.7K | $32.8M | 3.1% | -10.6% |
| LBRT LIBERTY ENERGY INC | Energy | 1.1M | $30.9M | 2.9% | +502.2% |
| KNTK KINETIK HOLDINGS INC | Utilities | 629.5K | $30.5M | 2.8% | -6.3% |
| SU SUNCOR ENERGY INC | Energy | 434.6K | $28.7M | 2.7% | +19.9% |
| PSX PHILLIPS 66 | Energy | 149.1K | $27.2M | 2.5% | +39.4% |
| MGY MAGNOLIA OIL & GAS CORP - A | Energy | 851.1K | $26.9M | 2.5% | -15.8% |
| CHRD CHORD ENERGY CORP | Energy | 179.4K | $25.5M | 2.4% | New |
| KMI KINDER MORGAN INC | Utilities | 739.7K | $24.8M | 2.3% | -51.6% |
| XEL XCEL ENERGY INC | Utilities | 276.4K | $22.0M | 2.1% | -9.5% |
| TRP TC ENERGY CORP | Utilities | 308.5K | $19.3M | 1.8% | -38.6% |
| PTEN PATTERSON-UTI ENERGY INC | Energy | 1.7M | $18.6M | 1.7% | New |
| BG BUNGE GLOBAL SA | Consumer staples | 136.6K | $17.4M | 1.6% | -4.4% |
| CVX CHEVRON CORP | Energy | 77.4K | $16.0M | 1.5% | New |
| TRGP TARGA RESOURCES CORP | Utilities | 63.4K | $15.9M | 1.5% | New |
| NRG NRG ENERGY INC | Utilities | 101.6K | $14.9M | 1.4% | +42.1% |
| DK DELEK US HOLDINGS INC | Energy | 314.1K | $14.2M | 1.3% | New |
| SDRL SEADRILL LIMITED | Energy | 301.8K | $13.7M | 1.3% | +95.7% |
| HBM HUDBAY MINERALS INC | Materials | 644.5K | $13.5M | 1.3% | -13.4% |
| CRC CALIFORNIA RESOURCES CORP | Energy | 188.7K | $13.1M | 1.2% | New |
| PUMP PROPETRO HOLDING CORP | Energy | 903.1K | $13.0M | 1.2% | -32.9% |
| UGI UGI CORP | Utilities | 352.4K | $12.8M | 1.2% | +6.9% |
| MTZ MASTEC INC | Industrials | 36.5K | $11.7M | 1.1% | -72.3% |
| RES RPC INC | Energy | 1.6M | $11.3M | 1.1% | New |
| APA APA CORP | Energy | 234.1K | $9.9M | 0.9% | New |
| VG VENTURE GLOBAL INC-CL A | Utilities | 618.3K | $9.7M | 0.9% | New |
| SRE SEMPRA | Utilities | 100.3K | $9.7M | 0.9% | New |
| GLW CORNING INC | Industrials | 71.1K | $9.7M | 0.9% | -20.8% |
| FPS FORGENT POWER SOLUTIONS-CL A | Industrials | 322.7K | $9.4M | 0.9% | New |
| EOG EOG RESOURCES INC | Energy | 64.6K | $9.3M | 0.9% | New |
| SEI SOLARIS ENERGY INFRASTRUCTUR | Industrials | 163.9K | $9.3M | 0.9% | -0.6% |
| TECK TECK RESOURCES LTD-CLS B | Materials | 173.9K | $9.0M | 0.8% | New |
| VRT VERTIV HOLDINGS CO-A | Technology | 35.8K | $9.0M | 0.8% | -34.6% |
| GNRC GENERAC HOLDINGS INC | Industrials | 40.7K | $7.9M | 0.7% | New |
| NVT NVENT ELECTRIC PLC | Industrials | 67.0K | $7.9M | 0.7% | -16.8% |
| WHD CACTUS INC - A | Industrials | 165.7K | $7.9M | 0.7% | +463.3% |
| AEP AMERICAN ELECTRIC POWER | Utilities | 58.4K | $7.7M | 0.7% | New |
| EVGO EVGO INC | Services media | 4.3M | $7.5M | 0.7% | Held |
| LNG CHENIERE ENERGY INC | Utilities | 25.8K | $7.3M | 0.7% | New |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 31.4K | $7.1M | 0.7% | New |
| ACDC PROFRAC HOLDING CORP-A | Energy | 1.1M | $6.8M | 0.6% | New |
| MOD MODINE MANUFACTURING CO | Industrials | 29.4K | $6.4M | 0.6% | -55.0% |
| EXC EXELON CORP | Utilities | 129.2K | $6.3M | 0.6% | -38.6% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 88 | $1.07B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 80 | $903.8M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 78 | $1.11B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 87 | $1.12B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 76 | $1.14B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 73 | $969.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 67 | $1.03B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 7, 2024 | 79 | $1.01B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 68 | $993.2M | canonical | SEC ↗ |
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