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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
$1.24B
AUM Growth
+$231M
Cap. Flow
+$136M
Cap. Flow %
10.96%
Top 10 Hldgs %
82.4%
Holding
40
New
9
Increased
18
Reduced
4
Closed
9

Top Buys

Rank Stock Value
1
TS icon
Tenaris
TS
+$39.2M
2
AR icon
Antero Resources
AR
+$38.7M
3
SLB icon
SLB Ltd
SLB
+$32.7M
4
OII icon
Oceaneering
OII
+$19.5M
5
CX icon
Cemex
CX
+$18.3M

Top Sells

Rank Stock Value
1
HAL icon
Halliburton
HAL
+$37.9M
2
EXE
Expand Energy Corp
EXE
+$33.1M
3
DAR icon
Darling Ingredients
DAR
+$19.9M
4
FSLR icon
First Solar
FSLR
+$16M
5
PTEN icon
Patterson-UTI
PTEN
+$8.3M

Sector Composition

Rank Sector Weight
1 Energy 88.81%
2 Technology 5.82%
3 Materials 3.06%
4 Utilities 1.01%
5 Consumer Staples 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CIVI
1
DELISTED
Civitas Resources
CIVI
$158M 12.74%
2,083,318
+110,320
+6% +$7.38M
AR icon
2
Antero Resources
AR
$10.3B
$154M 12.39%
5,301,797
+1,604,517
+43% +$38.7M
CHRD icon
3
Chord Energy
CHRD
$7.25B
$120M 9.7%
675,191
+37,440
+6% +$6.02M
TALO icon
4
Talos Energy
TALO
$2.37B
$118M 9.54%
8,496,777
+1,031,004
+14% +$13.5M
NE icon
5
Noble Corp
NE
$6.48B
$110M 8.84%
2,262,141
+160,665
+8% +$7.23M
TS icon
6
Tenaris
TS
$28.3B
$96.4M 7.76%
2,453,576
+1,132,796
+86% +$39.2M
SDRL icon
7
Seadrill
SDRL
$2.66B
$82.5M 6.65%
1,640,276
+177,131
+12% +$8.04M
ARRY icon
8
Array Technologies
ARRY
$915M
$72.3M 5.82%
4,847,574
+440,194
+10% +$6.07M
OVV icon
9
Ovintiv
OVV
$16.2B
$58.7M 4.73%
1,131,864
+226,926
+25% +$10.3M
XPRO icon
10
Expro Ltd
XPRO
$1.82B
$52.5M 4.23%
2,627,368
-460,308
-15% -$8.26M
OII icon
11
Oceaneering
OII
$4.27B
$51.4M 4.14%
2,198,009
+926,871
+73% +$19.5M
SLB icon
12
SLB Ltd
SLB
$69.4B
$35.5M 2.86%
+648,000
New +$32.7M
LNG icon
13
Cheniere Energy
LNG
$55.5B
$21.9M 1.77%
135,958
+103,753
+322% +$16.7M
CX icon
14
Cemex
CX
$18B
$20.6M 1.66%
+2,289,864
New +$18.3M
MRC
15
DELISTED
MRC Global
MRC
$12.1M 0.98%
966,087
+602,151
+165% +$6.81M
MP icon
16
MP Materials
MP
$8.14B
$11.3M 0.91%
+788,294
New +$12.5M
MRO
17
DELISTED
Marathon Oil Corporation
MRO
$10.2M 0.82%
+360,334
New +$8.69M
ACDC icon
18
ProFrac Holding
ACDC
$863M
$9.71M 0.78%
+1,160,966
New +$8.92M
FLNC icon
19
Fluence Energy
FLNC
$1.9B
$8.84M 0.71%
+509,691
New +$9.32M
XLU icon
20
State Street Utilities Select Sector SPDR ETF
XLU
$23.4B
$7.13M 0.57%
217,358
-83,722
-28% -$2.61M
CMP icon
21
Compass Minerals
CMP
$1.23B
$6.04M 0.49%
+383,482
New +$8.05M
IEF icon
22
iShares 7-10 Year Treasury Bond ETF
IEF
$47.4B
$4.52M 0.36%
47,794
+4,344
+10% +$412K
TLT icon
23
iShares 20+ Year Treasury Bond ETF
TLT
$42.5B
$4.45M 0.36%
47,079
+9,379
+25% +$887K
TRGP icon
24
Targa Resources
TRGP
$60.6B
$3.13M 0.25%
27,964
-72,412
-72% -$6.83M
ENB icon
25
Enbridge
ENB
$122B
$2.97M 0.24%
+82,200
New +$2.92M
1
2

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Sourcerock Group's Q1 2024 Portfolio in Review

As of Q1 2024, Sourcerock Group held 40 positions worth $1.24B, up 23% from $1.01B the previous quarter. Its ten largest holdings account for 82% of the portfolio.

Sourcerock Group deployed $136M of net new capital in Q1 2024, opening 9 new positions and adding to 18 existing holdings. Its largest new stake was SLB Ltd: 648,000 shares worth $35.5M.

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

On the sell side, the largest reduction was Expro Ltd, an estimated $8.26M trimmed.

  • Sourcerock Group's largest Q1 2024 buy was SLB Ltd: 648,000 shares worth $35.5M.
  • Sourcerock Group added most to Tenaris in Q1 2024, an estimated $39.2M increase.
  • Sourcerock Group's biggest Q1 2024 reduction was Expro Ltd, cutting an estimated $8.26M.
  • Sourcerock Group fully exited Halliburton in Q1 2024, selling an estimated $37.9M.
  • Sourcerock Group's ten largest holdings make up 82% of its $1.24B portfolio in Q1 2024.
  • Sourcerock Group opened 9 new positions and closed 9 in Q1 2024.
  • Sourcerock Group's portfolio value rose 23% quarter-over-quarter to $1.24B.

Based on Sourcerock Group's 13F filing for Q1 2024, filed 15 May 2024.