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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
-8.58%
1 Year Est. Return
+72.25%
3 Year Est. Return
+93.44%
5 Year Est. Return
+317.6%
10 Year Est. Return
–
AUM
$1.01B
AUM Growth
+$198M
Cap. Flow
+$285M
Cap. Flow %
28.25%
Top 10 Hldgs %
80.23%
Holding
35
New
14
Increased
12
Reduced
4
Closed
4

Top Buys

Rank Stock Value
1
AR icon
Antero Resources
AR
+$93.7M
2
CIVI
Civitas Resources
CIVI
+$38.5M
3
EXE
Expand Energy Corp
EXE
+$35.3M
4
TS icon
Tenaris
TS
+$33.3M
5
NE icon
Noble Corp
NE
+$26.5M

Top Sells

Rank Stock Value
1
HAL icon
Halliburton
HAL
+$24.1M
2
BTE icon
Baytex Energy
BTE
+$21.6M
3
OVV icon
Ovintiv
OVV
+$18M
4
OII icon
Oceaneering
OII
+$13.7M
5
SLB icon
SLB Ltd
SLB
+$6.46M

Sector Composition

Rank Sector Weight
1 Energy 86.77%
2 Technology 8.92%
3 Consumer Staples 1.97%
4 Utilities 0.42%
5 Industrials 0.19%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CIVI
1
DELISTED
Civitas Resources
CIVI
$135M 13.36%
1,972,998
+537,338
+37% +$38.5M
TALO icon
2
Talos Energy
TALO
$2.37B
$106M 10.52%
7,465,773
+1,190,833
+19% +$17.4M
CHRD icon
3
Chord Energy
CHRD
$7.25B
$106M 10.5%
637,751
+24,808
+4% +$4.06M
NE icon
4
Noble Corp
NE
$6.48B
$101M 10.02%
2,101,476
+567,820
+37% +$26.5M
AR icon
5
Antero Resources
AR
$10.3B
$83.9M 8.3%
+3,697,280
New +$93.7M
ARRY icon
6
Array Technologies
ARRY
$915M
$74M 7.33%
4,407,380
+1,270,251
+40% +$21.9M
SDRL icon
7
Seadrill
SDRL
$2.66B
$69.2M 6.85%
1,463,145
+452,612
+45% +$19.2M
XPRO icon
8
Expro Ltd
XPRO
$1.82B
$49.2M 4.87%
3,087,676
+1,053,308
+52% +$18.2M
TS icon
9
Tenaris
TS
$28.3B
$45.9M 4.55%
1,320,780
+992,663
+303% +$33.3M
OVV icon
10
Ovintiv
OVV
$16.2B
$39.7M 3.94%
904,938
-393,925
-30% -$18M
HAL icon
11
Halliburton
HAL
$29.3B
$37.9M 3.76%
1,049,177
-628,017
-37% -$24.1M
EXE
12
Expand Energy Corp
EXE
$20.8B
$33.1M 3.28%
+430,000
New +$35.3M
OII icon
13
Oceaneering
OII
$4.27B
$27M 2.68%
1,271,138
-616,563
-33% -$13.7M
DAR icon
14
Darling Ingredients
DAR
$10.1B
$19.9M 1.97%
+400,000
New +$18.2M
FSLR icon
15
First Solar
FSLR
$22.1B
$16M 1.59%
93,086
+32,500
+54% +$4.97M
XLU icon
16
State Street Utilities Select Sector SPDR ETF
XLU
$23.4B
$9.53M 0.94%
301,080
+103,480
+52% +$3.16M
TRGP icon
17
Targa Resources
TRGP
$60.6B
$8.72M 0.86%
100,376
+2,308
+2% +$198K
PTEN icon
18
Patterson-UTI
PTEN
$3.83B
$8.3M 0.82%
+768,583
New +$9.34M
ERF
19
DELISTED
Enerplus Corporation
ERF
$7.67M 0.76%
+500,000
New +$8.12M
SWN
20
DELISTED
Southwestern Energy Company
SWN
$5.89M 0.58%
+900,000
New +$6.01M
LNG icon
21
Cheniere Energy
LNG
$55.5B
$5.5M 0.54%
32,205
-5,800
-15% -$997K
IEF icon
22
iShares 7-10 Year Treasury Bond ETF
IEF
$47.4B
$4.19M 0.41%
+43,450
New +$4.02M
MRC
23
DELISTED
MRC Global
MRC
$4.01M 0.4%
+363,936
New +$3.81M
TLT icon
24
iShares 20+ Year Treasury Bond ETF
TLT
$42.5B
$3.73M 0.37%
37,700
+17,000
+82% +$1.54M
PBA icon
25
Pembina Pipeline
PBA
$29.5B
$2.01M 0.2%
58,433
– –
1
2

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Sourcerock Group's Q4 2023 Portfolio in Review

As of Q4 2023, Sourcerock Group held 35 positions worth $1.01B, up 24% from $812M the previous quarter. Its ten largest holdings account for 80% of the portfolio.

Sourcerock Group deployed $285M of net new capital in Q4 2023, opening 14 new positions and adding to 12 existing holdings. Its largest new stake was Antero Resources: 3,697,280 shares worth $83.9M.

By sector, the portfolio is most concentrated in Energy at 87% of assets, down from 89% a quarter earlier, followed by Technology and Consumer Staples.

On the sell side, the largest reduction was Halliburton, an estimated $24.1M trimmed.

  • Sourcerock Group's largest Q4 2023 buy was Antero Resources: 3,697,280 shares worth $83.9M.
  • Sourcerock Group added most to Civitas Resources in Q4 2023, an estimated $38.5M increase.
  • Sourcerock Group's biggest Q4 2023 reduction was Halliburton, cutting an estimated $24.1M.
  • Sourcerock Group fully exited Baytex Energy in Q4 2023, selling an estimated $21.6M.
  • Sourcerock Group's ten largest holdings make up 80% of its $1.01B portfolio in Q4 2023.
  • Sourcerock Group opened 14 new positions and closed 4 in Q4 2023.
  • Sourcerock Group's portfolio value rose 24% quarter-over-quarter to $1.01B.

Based on Sourcerock Group's 13F filing for Q4 2023, filed 14 Feb 2024.