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Sable Offshore (SOC): which funds own it

Energy →(by SIC code, unreviewed)Data as of Jun 30, 2026 (Q2 2026) · updated on Nov 5, 2026

A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.

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2 concentrated managers hold it (+1 vs last quarter) with a median weight of 1.5%.

Who owns Sable Offshore?

Holders reporting more than 5% of the shares to the SEC (Schedules 13D/13G): Pilgrim Global Icav, 12.9% (13G/A filed Feb 17, 2026), Continental General Insurance, 9.3% (13G/A filed May 14, 2026), Encompass Capital Advisors, 6.3% (13G/A filed Oct 8, 2026), BlackRock, 6.2% (13G filed Apr 27, 2026) and FourWorld Capital Management, 5.8% (13G filed Feb 19, 2026). Flores James C and Pilgrim Global Advisors LLC are listed on their Form 4 filings as owners of more than 10%. As of Jun 30, 2026, the largest holders reported on Form 13F were Pilgrim Global Advisors (11.8% of the shares), Encompass Capital Advisors (9.4%) and Continental General Insurance (9.2%).

Which institutions hold the most Sable Offshore shares?

Per Form 13F filings as of Jun 30, 2026, as a share of all shares outstanding:

  1. 1. Pilgrim Global Advisors: 11.8%
  2. 2. Encompass Capital Advisors: 9.4%
  3. 3. Continental General Insurance: 9.2%
  4. 4. BlackRock: 6.9%
  5. 5. Morgan Stanley: 5.5%
  6. 6. Two Seas Capital: 5.4%
  7. 7. State Street: 5.1%
  8. 8. FourWorld Capital Management: 4.4%
  9. 9. Capital International Investors: 4.0%
  10. 10. Vanguard Capital Management: 3.8%

Sources:13G/A by Pilgrim Global Icav (Feb 17, 2026) ↗13G/A by Continental General Insurance (May 14, 2026) ↗13G/A by Encompass Capital Advisors (Oct 8, 2026) ↗13G by BlackRock (Apr 27, 2026) ↗13G by FourWorld Capital Management (Feb 19, 2026) ↗All of the company's proxy statements on EDGAR ↗

13F percentages divide the shares each institution reports by the shares outstanding on the cover of the company's latest report before the quarter end (May 5, 2026). Entities of the same group file separately and are not added up. We hold 13D and 13G filings made since Dec 23, 2024: a holder above 5% that has not filed since then does not appear here.

Concentrated managers
2
All 13F: 246
Consensus
—
No score: it needs 5 or more concentrated managers
Price at Jun 30, 2026 (per 13F)
$3.08
-81.4% in the quarter · reported value ÷ shares, not the quote · See current quote ↗

Quarter flow (concentrated managers)

Change in managers (1 → 2): 1 opened · 0 exited = +1

Net flow in the quarter: +$8.1M (+2.6 M shares) · bought $8.1M and sold $0Shares concentrated managers added minus those they cut, valued at the 13F quarter-end implied price, not each trade's price. It is a different measure from the change in managers: the two can have opposite signs.

Concentrated managers holding it

Up to 15, sorted by position value. The percentage is the weight in each manager's portfolio.

Largest holders of SOC (all 13F filers)

  • Pilgrim Global Advisors18.2 MType not verified · 9.49% of the company0
  • Encompass Capital Advisors14.4 MInvestment firm · 7.53% of the company+1.0 M
  • Continental General Insurance14.1 MInsurance holding · 7.37% of the company+434 K
  • BlackRock10.7 MIndex manager · 5.56% of the company+1.3 M
  • Morgan Stanley8.4 MBank or trading desk · 4.39% of the company+1.1 M
  • Two Seas Capital8.4 MInvestment firm · 4.37% of the company+2.9 M
  • State Street7.8 MIndex manager · 4.08% of the company+3.2 M
  • FourWorld Capital Management6.8 MType not verified · 3.56% of the company−389 K
  • Capital International Investors6.1 MInvestment firm · 3.19% of the company−1.5 M
  • Vanguard Capital Management5.8 MIndex manager · 3.03% of the company+340 K

The 10 13F filers with the most shares as of Jun 30, 2026, whatever their type (index firms usually come first). “Change”: shares added or cut versus the previous quarter, split-adjusted; “no data” = there is no comparable portfolio for the previous quarter (no filing, or a filing with its holdings under confidential treatment). “% of the company” only where shares outstanding are up to date. Entities of the same group file separately and some 13F filings include other managers: there may be double counting. With a free account: the top 25, the largest buyers and the largest sellers.

Held by institutions (13F)

Institutions (13F): 110.0% of the shares: above 100% (securities lending or double reporting) · top 10: 65.3% · in index firms: 19.7% of the institutional total

Share of the stock held by 13F filers

Q2 2026: 110.0%

110.0%50.1%
Q1 2024Q2 2026

Shares reported by the 246 13F filers as of Jun 30, 2026, divided by the shares outstanding on the cover of the company's latest report (May 5, 2026). It is not all institutional ownership: only managers above $100M file a 13F, and it excludes short positions. Entities of the same group file separately and some 13F filings include other managers: there may be double counting. We only publish it where the figure is credible: not for ADRs, companies with more than one share class or stale shares-outstanding data.

Fundamentals

12-month figures to Jun 30, 2026 · balance sheet as of Jun 30, 2026.

Profitability
Operating margin
—
Net margin
—
ROE
-109.8%
Growth
Revenue (TTM)
$138M
Revenue growth
—
Net income (TTM)
$-434M
Balance sheet
Net debt / EBITDA
—
Free cash flow (TTM)
$-559M
Quality vs sector
—

This company's sector comes from its SIC code, unreviewed, or has too few comparable companies: we do not compare it with its sector.

Figures from the statements the company filed with the SEC (10-K, 10-Q). Free cash flow = operating cash flow − capital expenditures; empty if the company does not report capex. “Quality vs sector”: 0 to 100, the average of its percentiles in ROE, operating margin, free-cash-flow margin, revenue and earnings growth and net debt / EBITDA (at least 3 needed) against companies in its sector above $300M. How each figure is calculated

Earnings quality and debt

Operating cash flow ÷ net income (12 months)
no datanot calculated with negative net income
Interest coverage (operating income ÷ interest)
−4.6 timesnegative operating income
Debt due within 12 months
$237M10.96 times cash and investments

From the figures the company filed with the SEC. Cash flow over net income near or above 1 means earnings are collected in cash; far below, that part is accounting. Coverage says how many times operating income pays the latest fiscal year's interest. Maturities come from the debt note of the latest annual report, counted from its closing date. “No data” never means zero.

Insiders (Form 4)

Officers and directors who bought (6 m)
0
Amount (6 m)
$0
CEO/CFO bought (12 m)
No

10% owners who bought (6 m): 0

Open-market purchases, excluding 10b5-1 plans. Officers and directors only; joint filers of the same purchase count as one. 10% owners with no role are shown separately. 0 = nobody bought; “no data” = we do not have its Form 4 filings.

Each of the company's Form 4 filings, on EDGAR ↗Latest trades, with date and filing →

Above 5% (13D/13G)

Disclosed stakes, with their amendments. A filing is not always a purchase: there are also reductions and changes of filing entity.

This list may be incomplete: we hold 13D and 13G filings made since Dec 23, 2024. A holder above 5% that has not filed anything since then is not shown here.

Above 5% over time (13D/13G)

Each holder with its filings in order. History since December 2024.

Flagged material events (8-K)

  • Jul 13, 2026Mediumfiling ↗

    Change of auditor (Item 4.01)

  • Nov 26, 2025Routinefiling ↗

    Change in directors or officers (Item 5.02)

Alert items the company itself flagged in its 8-K filings with the SEC, most serious first. It is the form's label, with no interpretation from us: Item 5.02 covers routine appointments as well as a chief executive's departure; open the filing. The quoted headline is the original press release's.

All material events (8-K)

Earnings, agreements, financing, management changes and announcements from the last year, with a filter by type and a link to each filing.

Other Energy stocks in managers' portfolios

Same sector and a similar number of concentrated managers holding them. It is a list to keep exploring, not a recommendation.

All of Energy →

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