EnCap Energy Capital Fund XI, L.P.
Houston, TX
$1.1bn in 3 US stocks at the end of 31 December 2025. The top 10 are 100.0% of the money. It changed about 1.1% of the portfolio this quarter.
Value
$1.1bn
Stocks
3
Top 10 share
100.0%
Turnover
1.1%
What changed this quarter
New
Bought for the first time this quarter.
None this quarter.
Added
Bought more of a stock they already held.
- Diamondback EnergyFANG38.2% of the fund+4%
Cut
Sold some of their stake.
None this quarter.
Sold out
Sold their entire stake.
None this quarter.
Holdings
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Diamondback EnergyFANG | 38.2% | $435m | 2,896,632 | +4% |
| Devon EnergyDVN | 38.0% | $432m | 11,806,148 | Held |
| Permian ResourcesPR | 23.8% | $271m | 19,291,053 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Value is up 11.5% since 30 June 2025.
Where the money is
Energy100.0%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.