Sector · 13F · Q2 2026 · portfolios as of June 30, 2026
Energy: what concentrated managers hold, add and drop (Q2 2026)
Energy averages 4.1% of concentrated managers' 13F portfolios at the end of Q2 2026 (5.0% the previous quarter). They hold stocks of 157 companies in the sector; the largest combined position is Chevron.
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.
Weight of Energy in the portfolios, 20 quarters
Q2 2026: 4.1%
Largest holdings
By combined value in concentrated managers' portfolios.
- 1ChevronCVX78 managers$14.3 bn
- 2Occidental PetroleumOXY14 managers$13.7 bn
- 3Williams CompaniesWMB31 managers$2.0 bn
- 4CVR EnergyCVI2 managers$2.0 bn
- 5ConocoPhillipsCOP24 managers$1.9 bn
- 6Energy TransferET31 managers$1.9 bn
- 7Enterprise Products PartnersEPD34 managers$1.8 bn
- 8Cheniere EnergyLNG18 managers$1.5 bn
- 9Targa ResourcesTRGP14 managers$1.5 bn
- 10MPLXMPLX17 managers$1.3 bn
Held by the most managers
By number of concentrated managers holding it.
- 1ChevronCVX4 opened · 3 exited · 12 added, 17 trimmed78was 77
- 2Exxon MobilXOM3 opened · 12 exited · 2 added, 27 trimmed71was 80
- 3Enterprise Products PartnersEPD0 opened · 3 exited · 6 added, 8 trimmed34was 37
- 4SLBSLB1 opened · 4 exited · 9 added, 11 trimmed32was 35
- 5Energy TransferET0 opened · 2 exited · 7 added, 5 trimmed31was 33
- 6Williams CompaniesWMB2 opened · 2 exited · 8 added, 8 trimmed31was 30
- 7Phillips 66PSX0 opened · 1 exited · 6 added, 9 trimmed26was 27
- 8Kinder MorganKMI1 opened · 2 exited · 3 added, 8 trimmed25was 26
- 9ConocoPhillipsCOP1 opened · 1 exited · 5 added, 7 trimmed24was 24
- 10Devon EnergyDVN9 opened · 0 exited · 9 added, 2 trimmed24was 15
Stocks most managers added
Net change in managers over the quarter, and from how many to how many. From 0 to many is usually an IPO.
- 1Devon EnergyDVN9 opened · 0 exited · 9 added, 2 trimmed+915 → 24
- 2Kodiak Gas ServicesKGS4 opened · 0 exited · 3 added, 0 trimmed+44 → 8
- 3TransoceanRIG3 opened · 0 exited · 2 added, 0 trimmed+43 → 7
- 4Valero EnergyVLO3 opened · 0 exited · 2 added, 4 trimmed+310 → 13
- 5Vista Energy, S.A.B. de C.V.VIST2 opened · 0 exited · 5 added, 1 trimmed+310 → 13
- 6New ERA Energy & DigitalNUAI3 opened · 0 exited · 0 added, 0 trimmed · nobody held it the previous quarter+30 → 3
- 7Baker HughesBKR3 opened · 1 exited · 2 added, 4 trimmed+213 → 15
- 8Antero MidstreamAM2 opened · 0 exited · 2 added, 5 trimmed+211 → 13
- 9Solaris Energy InfrastructureSEI3 opened · 1 exited · 1 added, 3 trimmed+26 → 8
- 10PBF EnergyPBF2 opened · 0 exited · 1 added, 1 trimmed+24 → 6
Stocks most managers dropped
Net change in managers over the quarter, and from how many to how many.
- 1Exxon MobilXOM3 opened · 12 exited · 2 added, 27 trimmed−980 → 71
- 2EQTEQT1 opened · 7 exited · 3 added, 5 trimmed−622 → 16
- 3NobleNE0 opened · 4 exited · 1 added, 3 trimmed−410 → 6
- 4Enterprise Products PartnersEPD0 opened · 3 exited · 6 added, 8 trimmed−337 → 34
- 5SLBSLB1 opened · 4 exited · 9 added, 11 trimmed−335 → 32
- 6OvintivOVV0 opened · 3 exited · 5 added, 1 trimmed−310 → 7
- 7Oceaneering InternationalOII0 opened · 3 exited · 1 added, 1 trimmed−35 → 2
- 8Energy TransferET0 opened · 2 exited · 7 added, 5 trimmed−233 → 31
- 9EOG ResourcesEOG2 opened · 4 exited · 4 added, 5 trimmed−223 → 21
- 10Expand EnergyEXE1 opened · 3 exited · 7 added, 4 trimmed−220 → 18
Insider buying
Open-market purchases reported on Form 4, last 180 days.
- 1Borr DrillingBORR5 buyers · 2 managers$66.7M
- 2TXO PartnersTXO2 buyers · 1 manager$36.7M
- 3Energy TransferET2 buyers · 31 managers$21.5M
- 4NGL Energy PartnersNGL2 buyers · 3 managers$5.8M
- 5HF SinclairDINO2 buyers · 7 managers$3.5M
- 6Infinity Natural ResourcesINR5 buyers · 1 manager$2.6M
- 7Black Stone MineralsBSM2 buyers · 6 managers$2.4M
- 8Mach Natural ResourcesMNR2 buyers · 1 manager$2.4M
- 9Matador ResourcesMTDR7 buyers · 7 managers$1.9M
- 10Solaris Energy InfrastructureSEI1 buyer · 8 managers$952K
With holders above 5%
Companies in the sector with active 13D filings or holders reporting more than 5% (13D/13G).
- 1Enterprise Products PartnersEPD34 managers1 above 5%1 with a 13D
- 2Phillips 66PSX26 managers3 above 5%1 with a 13D
- 3Vista Energy, S.A.B. de C.V.VIST13 managers2 above 5%1 with a 13D
- 4Diamondback EnergyFANG12 managers3 above 5%1 with a 13D
- 5Western Midstream PartnersWES12 managers2 above 5%1 with a 13D
- 6Kinetik HoldingsKNTK10 managers2 above 5%1 with a 13D
- 7Hess MidstreamHESM9 managers6 above 5%1 with a 13D
- 8ProPetro HoldingPUMP9 managers5 above 5%1 with a 13D
- 9Solaris Energy InfrastructureSEI8 managers4 above 5%1 with a 13D
- 10HF SinclairDINO7 managers1 above 5%1 with a 13D
How it is calculated
A sector's weight. For each concentrated manager we add up the weight of its positions in that sector within its 13F portfolio, then average across all of them. Every manager counts the same, whatever its size: it is not the share of total money. Stocks we could not classify weigh 2.7%; with them, the weights add up to 100%.
Where each company's sector comes from. From the industry code (SIC) the company reports to the SEC, mapped to eleven sectors with a published table, plus a short list of manual corrections. See the table.
How managers are counted. For each stock, how many concentrated managers held it at the end of the previous quarter and how many at the end of this one. A company that went public in the quarter goes from 0 to many: that is why both figures are shown, not just the difference. Who the concentrated managers are.
It is a snapshot of a quarter that has already closed: portfolios as of June 30, 2026, public by August 14, 2026. A 13F does not include short positions, bonds, cash or stocks not listed in the United States. Research information; not investment advice.