Yorktown Energy Partners XI, L.P.

Fundamental diversified ★Signal CIK 1667954
Long book
$141.5M
Q1 2026
Positions
4
Top-10 weight
100%
concentration
Last quarter
-13.3%
SPY +14.8%
Turnover
0%
of book per quarter

Strategy in plain words

auto-generated from filings

Yorktown Energy Partners XI, L.P. is a diversified fundamental manager, running a $141.5M US long book across 4 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: RILEY EXPLORATION PERMIAN IN, RAMACO RESOURCES INC-A, EPSILON ENERGY LTD, RAMACO RESOURCES INC-B.

Over the last 9 quarters its long book ran on average 0.6pp 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
-19.3%
Q2 2024
-4.5%
Q3 2024
+2.9%
Q4 2024
-14.0%
Q1 2025
+19.3%
Q2 2025
+88.6%
Q3 2025
-33.0%
Q4 2025
+8.3%
Q1 2026
-13.3%

Sector allocation

Energy
58%
Materials
42%

Long book by quarter

$157.8M
Q1 2024
$122.4M
Q2 2024
$115.4M
Q3 2024
$117.2M
Q4 2024
$95.7M
Q1 2025
$115.0M
Q2 2025
$194.9M
Q3 2025
$142.9M
Q4 2025
$141.5M
Q1 2026

What does Yorktown Energy own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
REPX RILEY EXPLORATION PERMIAN INEnergy1.8M$65.0M45.9%Held
METC RAMACO RESOURCES INC-AMaterials3.0M$46.1M32.6%-21.3%
EPSN EPSILON ENERGY LTDEnergy2.9M$17.7M12.5%+3.2%
METCB RAMACO RESOURCES INC-BMaterials1.3M$12.8M9.0%-0.2%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 20264$141.5M canonicalSEC ↗
Q4 202513F-HRFeb 17, 20264$142.9M canonicalSEC ↗
Q3 202513F-HRNov 14, 20253$194.9M canonicalSEC ↗
Q2 202513F-HRAug 14, 20253$115.0M canonicalSEC ↗
Q1 202513F-HRMay 15, 20253$95.7M canonicalSEC ↗
Q4 202413F-HRFeb 14, 20253$117.2M canonicalSEC ↗
Q3 202413F-HRNov 13, 20243$115.4M canonicalSEC ↗
Q2 202413F-HRAug 13, 20243$122.4M canonicalSEC ↗
Q1 202413F-HRMay 15, 20244$157.8M canonicalSEC ↗