Filed: 2/17/2026ACC: 0001172661-26-001127
📋 What this filing means
ENCOMPASS CAPITAL ADVISORS LLC filed this quarterly 13F‑HR report disclosing 50 equity positions with a total reported market value of $2.45B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
50
Positions
$2.45B
Total AUM (reported)
138.21M
Total Shares
Allocation by class
COM$1.20B48.9%
COM NEW$335.42M13.7%
SHS$198.27M8.1%
COM CL A$166.95M6.8%
COM SHS$159.01M6.5%
CL A$93.09M3.8%
CL A SHS$87.80M3.6%
Portfolio Concentration
Top 3$592.92M24.2%
4–10$681.86M27.8%
11–25$639.89M26.1%
Rest$535.60M21.9%
Top 3 weight
24.2%
Top 10 weight
52.0%
Voting Authority Distribution
Total shares with voting rights: 138.21M
Sole
Full voting authority
138.21M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole0
Shared0
Other50
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings50
Rows:
T1 ENERGY INC
DFNDShares34.97M
TypeSH
Market value$233.59M
9.53%
Sole
34.97M
Shared
0.00
None
0.00
OCCIDENTAL PETE CORP
DFNDShares5.57M
TypeSH
Market value$228.84M
9.34%
Sole
5.57M
Shared
0.00
None
0.00
UNITED AIRLS HLDGS INC
DFNDShares1.17M
TypeSH
Market value$130.49M
5.33%
Sole
1.17M
Shared
0.00
None
0.00
SABLE OFFSHORE CORP
DFNDShares13.49M
TypeSH
Market value$121.67M
4.97%
Sole
13.49M
Shared
0.00
None
0.00
SOLARIS ENERGY INFRAS INC
DFNDShares2.56M
TypeSH
Market value$117.66M
4.80%
Sole
2.56M
Shared
0.00
None
0.00
DIAMONDBACK ENERGY INC
DFNDShares746.34K
TypeSH
Market value$112.20M
4.58%
Sole
746.34K
Shared
0.00
None
0.00
NATIONAL ENERGY SERVICES REU
DFNDShares7.10M
TypeSH
Market value$111.24M
4.54%
Sole
7.10M
Shared
0.00
None
0.00
CONSTELLIUM SE
DFNDShares4.66M
TypeSH
Market value$87.80M
3.58%
Sole
4.66M
Shared
0.00
None
0.00
KIRBY CORP
DFNDShares649.76K
TypeSH
Market value$71.59M
2.92%
Sole
649.76K
Shared
0.00
None
0.00
HELMERICH & PAYNE INC
DFNDShares2.08M
TypeSH
Market value$59.70M
2.44%
Sole
2.08M
Shared
0.00
None
0.00
MATADOR RES CO
DFNDShares1.25M
TypeSH
Market value$53.25M
2.17%
Sole
1.25M
Shared
0.00
None
0.00
VIPER ENERGY INC
DFNDShares1.35M
TypeSH
Market value$52.09M
2.13%
Sole
1.35M
Shared
0.00
None
0.00
NUCOR CORP
DFNDShares313.50K
TypeSH
Market value$51.14M
2.09%
Sole
313.50K
Shared
0.00
None
0.00
WEATHERFORD INTL PLC
DFNDShares599.27K
TypeSH
Market value$46.90M
1.91%
Sole
599.27K
Shared
0.00
None
0.00
BAYTEX ENERGY CORP
DFNDShares13.95M
TypeSH
Market value$45.05M
1.84%
Sole
13.95M
Shared
0.00
None
0.00
NEXTPOWER INC
DFNDShares499.84K
TypeSH
Market value$43.54M
1.78%
Sole
499.84K
Shared
0.00
None
0.00
COMMERCIAL METALS CO
DFNDShares599.87K
TypeSH
Market value$41.52M
1.69%
Sole
599.87K
Shared
0.00
None
0.00
SHOALS TECHNOLOGIES GROUP IN
DFNDShares4.82M
TypeSH
Market value$41.00M
1.67%
Sole
4.82M
Shared
0.00
None
0.00
ALCOA CORP
DFNDShares763.40K
TypeSH
Market value$40.57M
1.66%
Sole
763.40K
Shared
0.00
None
0.00
PRECISION DRILLING CORP
DFNDShares556.64K
TypeSH
Market value$39.95M
1.63%
Sole
556.64K
Shared
0.00
None
0.00
HUNT J B TRANS SVCS INC
DFNDShares205K
TypeSH
Market value$39.84M
1.63%
Sole
205K
Shared
0.00
None
0.00
GXO LOGISTICS INCORPORATED
DFNDShares698.97K
TypeSH
Market value$36.79M
1.50%
Sole
698.97K
Shared
0.00
None
0.00
CHORD ENERGY CORPORATION
DFNDShares391.13K
TypeSH
Market value$36.26M
1.48%
Sole
391.13K
Shared
0.00
None
0.00
STANDARD LITHIUM LTD
DFNDShares8.05M
TypeSH
Market value$36.00M
1.47%
Sole
8.05M
Shared
0.00
None
0.00
PRIMORIS SVCS CORP
DFNDShares289.91K
TypeSH
Market value$35.99M
1.47%
Sole
289.91K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
T1 ENERGY INCDFND | COM NEW | 34.97M | SH | $233.59M 9.53% | 34.97M | 0.00 | 0.00 |
OCCIDENTAL PETE CORPDFND | COM | 5.57M | SH | $228.84M 9.34% | 5.57M | 0.00 | 0.00 |
UNITED AIRLS HLDGS INCDFND | COM | 1.17M | SH | $130.49M 5.33% | 1.17M | 0.00 | 0.00 |
SABLE OFFSHORE CORPDFND | COM SHS | 13.49M | SH | $121.67M 4.97% | 13.49M | 0.00 | 0.00 |
SOLARIS ENERGY INFRAS INCDFND | COM CL A | 2.56M | SH | $117.66M 4.80% | 2.56M | 0.00 | 0.00 |
DIAMONDBACK ENERGY INCDFND | COM | 746.34K | SH | $112.20M 4.58% | 746.34K | 0.00 | 0.00 |
NATIONAL ENERGY SERVICES REUDFND | SHS | 7.10M | SH | $111.24M 4.54% | 7.10M | 0.00 | 0.00 |
CONSTELLIUM SEDFND | CL A SHS | 4.66M | SH | $87.80M 3.58% | 4.66M | 0.00 | 0.00 |
KIRBY CORPDFND | COM | 649.76K | SH | $71.59M 2.92% | 649.76K | 0.00 | 0.00 |
HELMERICH & PAYNE INCDFND | COM | 2.08M | SH | $59.70M 2.44% | 2.08M | 0.00 | 0.00 |
MATADOR RES CODFND | COM | 1.25M | SH | $53.25M 2.17% | 1.25M | 0.00 | 0.00 |
VIPER ENERGY INCDFND | CL A | 1.35M | SH | $52.09M 2.13% | 1.35M | 0.00 | 0.00 |
NUCOR CORPDFND | COM | 313.50K | SH | $51.14M 2.09% | 313.50K | 0.00 | 0.00 |
WEATHERFORD INTL PLCDFND | ORD SHS | 599.27K | SH | $46.90M 1.91% | 599.27K | 0.00 | 0.00 |
BAYTEX ENERGY CORPDFND | COM | 13.95M | SH | $45.05M 1.84% | 13.95M | 0.00 | 0.00 |
NEXTPOWER INCDFND | CLASS A COM | 499.84K | SH | $43.54M 1.78% | 499.84K | 0.00 | 0.00 |
COMMERCIAL METALS CODFND | COM | 599.87K | SH | $41.52M 1.69% | 599.87K | 0.00 | 0.00 |
SHOALS TECHNOLOGIES GROUP INDFND | CL A | 4.82M | SH | $41.00M 1.67% | 4.82M | 0.00 | 0.00 |
ALCOA CORPDFND | COM | 763.40K | SH | $40.57M 1.66% | 763.40K | 0.00 | 0.00 |
PRECISION DRILLING CORPDFND | COM NEW | 556.64K | SH | $39.95M 1.63% | 556.64K | 0.00 | 0.00 |
HUNT J B TRANS SVCS INCDFND | COM | 205K | SH | $39.84M 1.63% | 205K | 0.00 | 0.00 |
GXO LOGISTICS INCORPORATEDDFND | COMMON STOCK | 698.97K | SH | $36.79M 1.50% | 698.97K | 0.00 | 0.00 |
CHORD ENERGY CORPORATIONDFND | COM NEW | 391.13K | SH | $36.26M 1.48% | 391.13K | 0.00 | 0.00 |
STANDARD LITHIUM LTDDFND | COM | 8.05M | SH | $36.00M 1.47% | 8.05M | 0.00 | 0.00 |
PRIMORIS SVCS CORPDFND | COM | 289.91K | SH | $35.99M 1.47% | 289.91K | 0.00 | 0.00 |
Page 1 of 2