Sourcerock 13F annual report

Sourcerock is an investment fund managing more than $1.41 trillion ran by Andrew Haley. There are currently 33 companies in Mr. Haley’s portfolio. The largest investments include Antero Resources Corp and Civitas Resources Inc, together worth $345 billion.

Limited to 30 biggest holdings

$1.41 trillion Assets Under Management (AUM)

As of 7th August 2024, Sourcerock’s top holding is 5,905,011 shares of Antero Resources Corp currently worth over $193 billion and making up 13.7% of the portfolio value. Relative to the number of outstanding shares of Antero Resources Corp, Sourcerock owns more than approximately 0.1% of the company. In addition, the fund holds 2,207,834 shares of Civitas Resources Inc worth $152 billion. The third-largest holding is EQT Corp worth $135 billion and the next is Talos Inc worth $105 billion, with 8,667,057 shares owned.

Currently, Sourcerock's portfolio is worth at least $1.41 trillion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Sourcerock

The Sourcerock office and employees reside in Denver, Colorado. According to the last 13-F report filed with the SEC, Andrew Haley serves as the Chief Operation Officer and Chief Compliance Officer at Sourcerock.

Recent trades

In the most recent 13F filing, Sourcerock revealed that it had opened a new position in EQT Corp and bought 3,647,683 shares worth $135 billion. This means they effectively own approximately 0.1% of the company. EQT Corp makes up 16.2% of the fund's Energy sector allocation and has decreased its share price by 27.4% in the past year.

The investment fund also strengthened its position in Antero Resources Corp by buying 603,214 additional shares. This makes their stake in Antero Resources Corp total 5,905,011 shares worth $193 billion. Antero Resources Corp dropped 1.8% in the past year.

On the other hand, there are companies that Sourcerock is getting rid of from its portfolio. Sourcerock closed its position in Marathon Oil on 14th August 2024. It sold the previously owned 360,334 shares for $10.2 billion. Andrew Haley also disclosed a decreased stake in Noble Corp Plc by 0.1%. This leaves the value of the investment at $86.3 billion and 1,933,439 shares.

One of the largest hedge funds

The two most similar investment funds to Sourcerock are Himension Capital (singapore) Pte. Ltd and Meeder Advisory Services. They manage $1.41 trillion and $1.41 trillion respectively.

Andrew Haley investment strategy

Sourcerock’s portfolio is diversified across 6 sectors. Currently, their heaviest sector is Energy — making up 59.1% of the total portfolio value. The fund focuses on investments in the United States as 54.5% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 30% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $16.7 billion.

The complete list of Sourcerock trades based on 13F SEC filings

These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Antero Resources Corp	11.38% 5,905,011	$192,680,509,000	13.65%
Civitas Resources Inc	5.98% 2,207,834	$152,340,546,000	10.79%
EQT Corp	Opened 3,647,683	$134,891,318,000	9.56%
Talos Energy Inc	2.00% 8,667,057	$105,304,743,000	7.46%
Tenaris S.A.	24.19% 3,047,116	$92,997,980,000	6.59%
Noble Corp Plc	14.53% 1,933,439	$86,328,051,000	6.12%
Expro Group Holdings Nv	31.84% 3,463,800	$79,390,295,000	5.63%
Array Technologies, Inc.	47.17% 7,134,032	$73,195,168,000	5.19%
Oceaneering International, Inc.	30.12% 2,859,983	$67,667,197,000	4.79%
Seadrill 2021 Ltd	27.41% 1,190,705	$61,321,308,000	4.35%
Chord Energy Corporation	45.93% 365,077	$61,216,111,000	4.34%
Schlumberger Ltd.	38.89% 900,016	$42,462,756,000	3.01%
Cheniere Energy Inc.	73.75% 236,231	$41,300,266,000	2.93%
California Res Corp	Opened 712,195	$37,903,018,000	2.69%
Ovintiv Inc	51.62% 547,637	$25,667,746,000	1.82%
Cemex Sab De Cv	51.50% 3,469,091	$22,167,491,000	1.57%
MP Materials Corp.	119.21% 1,728,031	$21,997,835,000	1.56%
NOV Inc	Opened 1,143,000	$21,728,429,000	1.54%
First Solar Inc	Opened 75,000	$16,909,500,000	1.20%
MRC Global Inc	1.60% 981,510	$12,671,294,000	0.90%
Sunnova Energy International Inc	Opened 2,075,000	$11,578,500,000	0.82%
Marathon Oil Corporation	Closed 360,334	$10,211,866,000
Profrac Hldg Corp	Closed 1,160,966	$9,705,676,000
Fluence Energy Inc	Closed 509,691	$8,838,042,000
Murphy Oil Corp.	Opened 200,000	$8,248,001,000	0.58%
Scorpio Tankers Inc	Opened 100,000	$8,128,999,000	0.58%
Select Sector Spdr Tr	13.27% 94,255	$6,422,536,000	0.46%
Compass Minerals International Inc	Closed 383,482	$6,036,007,000
Nextracker Inc	Opened 105,000	$4,922,400,000	0.35%
Mueller Inds Inc	Opened 86,149	$4,905,324,000	0.35%
Ishares Tr	0.06% 94,817	$8,791,627,000	0.62%
Targa Res Corp	Closed 27,964	$3,131,688,000
Enbridge Inc	Closed 82,200	$2,973,996,000
Baytex Energy Corp	Closed 710,088	$2,577,619,000
Pembina Pipeline Corporation	0.07% 64,227	$2,381,537,000	0.17%
Sigma Lithium Corporation	Opened 148,785	$1,789,884,000	0.13%
Xcel Energy Inc.	72.05% 32,689	$1,745,919,000	0.12%
Atlantica Sustainable Infr P	Closed 78,869	$1,457,499,000
Kodiak Gas Svcs Inc	Opened 38,600	$1,052,236,000	0.07%
Consolidated Edison, Inc.	0.06% 6,596	$589,814,000	0.04%
Exelon Corp.	0.06% 15,610	$540,262,000	0.04%
No transactions found
Showing first 500 out of 41 holdings