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SG
Sourcerock Group Portfolio holdings
AUM
$2.48B
1-Year Est. Return
72.25%
This Fund
S&P 500
This Quarter
Est. Return
-7.56%
1 Year Est. Return
+72.25%
3 Year Est. Return
+93.44%
5 Year Est. Return
+317.6%
10 Year Est. Return
–
AUM
$1.24B
AUM Growth
-$175M
(-12%)
Cap. Flow
-$45.7M
Cap. Flow
% of AUM
-3.7%
Top 10 Holdings %
Top 10 Hldgs %
72.22%
Holding
44
New
10
Increased
12
Reduced
8
Closed
10
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Freeport-McMoran
FCX
|
+$33.2M |
| 2 |
TC Energy
TRP
|
+$29.2M |
| 3 |
EXE
Expand Energy Corp
EXE
|
+$25.6M |
| 4 |
Noble Corp
NE
|
+$21.1M |
| 5 |
EQT Corp
EQT
|
+$19.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SLB Ltd
SLB
|
+$42.5M |
| 2 |
Chord Energy
CHRD
|
+$40.7M |
| 3 |
Oceaneering
OII
|
+$40.5M |
| 4 |
Expro Ltd
XPRO
|
+$38.7M |
| 5 |
Tenaris
TS
|
+$26.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 82.12% |
| 2 | Materials | 11.36% |
| 3 | Technology | 3.97% |
| 4 | Utilities | 1.04% |
| 5 | Industrials | 0.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
UGI
UGI
$8B
| $7.61M | 0.62% |
+304,300
| New | +$7.33M |
|
27
Mueller Industries
MLI
$14.1B
| $6.47M | 0.52% |
174,540
+2,242
| +1% | +$75.1K |
|
|
MRC
28
DELISTED
MRC Global
MRC
| $6.29M | 0.51% |
494,104
-487,406
| -50% | -$6.31M |
|
29
iShares 7-10 Year Treasury Bond ETF
IEF
$47.1B
| $2.62M | 0.21% |
26,666
-21,100
| -44% | -$2.04M |
|
30
Xcel Energy
XEL
$51B
| $2.13M | 0.17% |
32,689
| – | – |
|
31
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
| $1.95M | 0.16% |
19,900
-27,151
| -58% | -$2.62M |
|
32
CenterPoint Energy
CNP
$29.1B
| $1.84M | 0.15% |
+62,700
| New | +$1.75M |
|
33
Consolidated Edison
ED
$41.6B
| $687K | 0.06% |
6,596
| – | – |
|
34
Exelon
EXC
$48.6B
| $633K | 0.05% |
15,610
| – | – |
|
35
First Solar
FSLR
$21.8B
| – | – |
-75,000
| Closed | -$16.9M |
|
36
Kodiak Gas Services
KGS
$5.96B
| – | – |
-38,600
| Closed | -$1.05M |
|
37
Murphy Oil
MUR
$5.58B
| – | – |
-200,000
| Closed | -$8.25M |
|
38
NOV
NOV
$7.45B
| – | – |
-1,143,000
| Closed | -$21.7M |
|
|
NOVA
39
DELISTED
Sunnova Energy
NOVA
| – | – |
-2,075,000
| Closed | -$11.6M |
|
40
Nextpower Inc
NXT
$15.2B
| – | – |
-105,000
| Closed | -$4.92M |
|
41
Ovintiv
OVV
$17.5B
| – | – |
-547,637
| Closed | -$25.7M |
|
42
Pembina Pipeline
PBA
$29.9B
| – | – |
-64,227
| Closed | -$2.38M |
|
|
43
SLB Ltd
SLB
$77.8B
| – | – |
-900,016
| Closed | -$42.5M |
|
44
Scorpio Tankers
STNG
$3.96B
| – | – |
-100,000
| Closed | -$8.13M |
|
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Sourcerock Group's Q3 2024 Portfolio in Review
As of Q3 2024, Sourcerock Group held 44 positions worth $1.24B, down 12% from $1.41B the previous quarter. Its ten largest holdings account for 72% of the portfolio.
Sourcerock Group withdrew a net $45.7M in Q3 2024, closing 10 positions and reducing 8 holdings. Its most notable exit was SLB Ltd, an estimated $42.5M position sold in full.
By sector, the portfolio is most concentrated in Energy at 82% of assets, down from 88% a quarter earlier, followed by Materials and Technology.
Against the trend, Sourcerock Group opened a new position in Freeport-McMoran worth $36.7M.
- Sourcerock Group's largest Q3 2024 buy was Freeport-McMoran: 736,000 shares worth $36.7M.
- Sourcerock Group added most to Noble Corp in Q3 2024, an estimated $21.1M increase.
- Sourcerock Group's biggest Q3 2024 reduction was Chord Energy, cutting an estimated $40.7M.
- Sourcerock Group fully exited SLB Ltd in Q3 2024, selling an estimated $42.5M.
- Sourcerock Group's ten largest holdings make up 72% of its $1.24B portfolio in Q3 2024.
- Sourcerock Group opened 10 new positions and closed 10 in Q3 2024.
- Sourcerock Group's portfolio value fell 12% quarter-over-quarter to $1.24B.
Based on Sourcerock Group's 13F filing for Q3 2024, filed 14 Nov 2024.