EnCap Energy Capital Fund IX’s Devon Energy DVN Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2022 Q4	–	Sell	-136,061	Closed	-$8.18M	–	2
2022 Q3	$8.18M	Sell	136,061 -367,824	-73%	-$22.9M	8.85%	2
2022 Q2	$27.8M	Sell	503,885 -1,237,056	-71%	-$80.8M	24.4%	2
2022 Q1	$103M	Sell	1,740,941 -3,067,668	-64%	-$166M	44.07%	1
2021 Q4	$212M	Sell	4,808,609 -1,697,977	-26%	-$70.6M	44.36%	1
2021 Q3	$231M	Hold	6,506,586	–	–	39.52%	1
2021 Q2	$190M	Hold	6,506,586	–	–	53.67%	1
2021 Q1	$142M	Sell	6,506,586 -3,253,293	-33%	-$67M	49.12%	1
2020 Q4	$154M	Hold	9,759,879	–	–	59.01%	1
2020 Q3	$92.3M	Hold	9,759,879	–	–	53.97%	1
2020 Q2	$111M	Hold	9,759,879	–	–	51.68%	1
2020 Q1	$67.4M	Hold	9,759,879	–	–	53.74%	1
2019 Q4	$253M	Hold	9,759,879	–	–	50.07%	1
2019 Q3	$235M	Hold	9,759,879	–	–	73.25%	1
2019 Q2	$278M	Hold	9,759,879	–	–	69.92%	1
2019 Q1	$308M	Hold	9,759,879	–	–	58.85%	1
2018 Q4	$220M	Hold	9,759,879	–	–	56.56%	1
2018 Q3	$390M	Sell	9,759,879 -888,485	-8%	-$37.8M	55.69%	1
2018 Q2	$468M	Sell	10,648,364 -250,000	-2%	-$9.69M	58.88%	1
2018 Q1	$346M	Sell	10,898,364 -894,800	-8%	-$32.8M	57.84%	1
2017 Q4	$488M	Buy	+11,793,164	New	+$446M	57.86%	1