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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
+16.8%
1 Year Est. Return
+72.25%
3 Year Est. Return
+93.44%
5 Year Est. Return
+317.6%
10 Year Est. Return
–
AUM
$812M
AUM Growth
+$32.3M
Cap. Flow
-$75.2M
Cap. Flow %
-9.27%
Top 10 Hldgs %
90.74%
Holding
29
New
4
Increased
9
Reduced
5
Closed
8

Top Buys

Rank Stock Value
1
HAL icon
Halliburton
HAL
+$46.2M
2
ARRY icon
Array Technologies
ARRY
+$30.8M
3
BTE icon
Baytex Energy
BTE
+$19.3M
4
FSLR icon
First Solar
FSLR
+$11.3M
5
OVV icon
Ovintiv
OVV
+$11.2M

Top Sells

Rank Stock Value
1
PXD
Pioneer Natural Resource Co.
PXD
+$71.5M
2
SLB icon
SLB Ltd
SLB
+$58.3M
3
HP icon
Helmerich & Payne
HP
+$22.7M
4
CIVI
Civitas Resources
CIVI
+$21.7M
5
SU icon
Suncor Energy
SU
+$20.3M

Sector Composition

Rank Sector Weight
1 Energy 89.28%
2 Technology 9.78%
3 Industrials 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CIVI
1
DELISTED
Civitas Resources
CIVI
$116M 14.3%
1,435,660
-281,049
-16% -$21.7M
TALO icon
2
Talos Energy
TALO
$2.37B
$103M 12.71%
6,274,940
+552,423
+10% +$8.88M
CHRD icon
3
Chord Energy
CHRD
$7.25B
$99.3M 12.24%
612,943
+6,402
+1% +$1M
NE icon
4
Noble Corp
NE
$6.48B
$77.7M 9.57%
1,533,656
-502
-0% -$25.6K
ARRY icon
5
Array Technologies
ARRY
$915M
$69.6M 8.57%
3,137,129
+1,416,302
+82% +$30.8M
HAL icon
6
Halliburton
HAL
$29.3B
$67.9M 8.37%
1,677,194
+1,180,406
+238% +$46.2M
OVV icon
7
Ovintiv
OVV
$16.2B
$61.8M 7.61%
1,298,863
+246,261
+23% +$11.2M
OII icon
8
Oceaneering
OII
$4.27B
$48.6M 5.98%
1,887,701
-340,601
-15% -$7.78M
XPRO icon
9
Expro Ltd
XPRO
$1.82B
$47.3M 5.82%
2,034,368
+351,079
+21% +$7.92M
SDRL icon
10
Seadrill
SDRL
$2.66B
$45.3M 5.58%
1,010,533
+77,788
+8% +$3.62M
BTE icon
11
Baytex Energy
BTE
$2.99B
$21.6M 2.67%
+4,909,129
New +$19.3M
TS icon
12
Tenaris
TS
$28.3B
$10.4M 1.28%
+328,117
New +$10.6M
FSLR icon
13
First Solar
FSLR
$22.1B
$9.79M 1.21%
+60,586
New +$11.3M
TRGP icon
14
Targa Resources
TRGP
$60.6B
$8.41M 1.04%
98,068
+346
+0.4% +$28.7K
SLB icon
15
SLB Ltd
SLB
$69.4B
$6.46M 0.8%
110,722
-1,004,989
-90% -$58.3M
LNG icon
16
Cheniere Energy
LNG
$55.5B
$6.31M 0.78%
38,005
-6,030
-14% -$973K
XLU icon
17
State Street Utilities Select Sector SPDR ETF
XLU
$23.4B
$5.82M 0.72%
197,600
– –
TLT icon
18
iShares 20+ Year Treasury Bond ETF
TLT
$42.5B
$1.84M 0.23%
+20,700
New +$1.99M
PBA icon
19
Pembina Pipeline
PBA
$29.5B
$1.76M 0.22%
58,433
+36,200
+163% +$1.12M
AM icon
20
Antero Midstream
AM
$10.7B
$1.62M 0.2%
134,950
– –
WMB icon
21
Williams Companies
WMB
$90.7B
$1.18M 0.15%
35,000
– –
AROC icon
22
Archrock
AROC
$6.49B
– –
-210,069
Closed -$2.15M
BKR icon
23
Baker Hughes
BKR
$54.7B
– –
-401,487
Closed -$12.7M
DNOW icon
24
DNOW Inc
DNOW
$2.55B
– –
-190,263
Closed -$1.97M
HP icon
25
Helmerich & Payne
HP
$3.37B
– –
-639,790
Closed -$22.7M
1
2

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Sourcerock Group's Q3 2023 Portfolio in Review

As of Q3 2023, Sourcerock Group held 29 positions worth $812M, up 4.1% from $780M the previous quarter. Its ten largest holdings account for 91% of the portfolio.

Sourcerock Group withdrew a net $75.2M in Q3 2023, closing 8 positions and reducing 5 holdings. Its most notable exit was Pioneer Natural Resource Co., an estimated $71.5M position sold in full.

By sector, the portfolio is most concentrated in Energy at 89% of assets, down from 93% a quarter earlier, followed by Technology and Industrials.

Against the trend, Sourcerock Group opened a new position in Baytex Energy worth $21.6M.

  • Sourcerock Group's largest Q3 2023 buy was Baytex Energy: 4,909,129 shares worth $21.6M.
  • Sourcerock Group added most to Halliburton in Q3 2023, an estimated $46.2M increase.
  • Sourcerock Group's biggest Q3 2023 reduction was SLB Ltd, cutting an estimated $58.3M.
  • Sourcerock Group fully exited Pioneer Natural Resource Co. in Q3 2023, selling an estimated $71.5M.
  • Sourcerock Group's ten largest holdings make up 91% of its $812M portfolio in Q3 2023.
  • Sourcerock Group opened 4 new positions and closed 8 in Q3 2023.
  • Sourcerock Group's portfolio value rose 4.1% quarter-over-quarter to $812M.

Based on Sourcerock Group's 13F filing for Q3 2023, filed 13 Nov 2023.