SailingStone Capital Partners LLC

Houston, TX · CIK 1608904 · 13F filing filed 2025-08-14

SEC-registered investment adviser since 2019 · limited partnership

Assets managed$1.7bn
Staff51 · 11 in investment roles
Main clients (by assets)Private funds 70%, Mutual funds and ETFs 28%, Pension plans 2%
Private funds10 (2 hedge) · $1.2bn gross assets
Websitepickeringenergypartners.com
Form ADV · 2026-05-26SEC adviser record

As an employer

$378.5m reported value +40.4% vs Q1 2025

16positions

92.6%in top 10

4 new 4 added 7 reduced 0 sold out vs Q1 2025

This report includes the holdings of 1 other manager that shares the investment decisions:

PICKERING ENERGY PARTNERS LP – files its own report too; $939.2k of shares are in both

Shares in two reports are counted once in each security's totals.

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	COMPASS MINERALS INTL INC COM CMP	CMP	5,564,167	$111.8m29.54%	29.54%	Reduced -640.7k	-640,675 -10.3%
2	IVANHOE ELECTRIC INC COM IE	IE	6,151,954	$55.8m14.74%	14.74%	Reduced -495.3k	-495,296 -7.5%
3	MAC COPPER LIMITED ORD SHS MTAL	MTAL	2,916,634	$35.3m9.32%	9.32%	Added +46.2k	+46,220 1.6%
4	LINDE PLC SHS LIN	LIN	65,698	$30.8m8.14%	8.14%	Added +11.3k	+11,330 20.8%
5	ENTERPRISE PRODS PARTNERS L COM EPD	EPD	925,970	$28.7m7.59%	7.59%	Added +473.0k	+472,984 104.4%
6	CAMECO CORP COM CCJ	CCJ	267,470	$27.1m7.15%	7.15%	Reduced -959	-959 -0.4%
7	RANGE RES CORP COM RRC	RRC	651,351	$26.5m7.00%	7.00%	Reduced -209.9k	-209,947 -24.4%
8	WILLIAMS COS INC COM WMB	WMB	219,734	$13.8m3.65%	3.65%	Reduced -15.8k	-15,826 -6.7%
9	ANTERO RESOURCES CORP COM AR	AR	312,371	$12.6m3.32%	3.32%	Reduced -314.7k	-314,652 -50.2%
10	CONSTELLATION ENERGY CORP COM CEG	CEG	24,890	$8.0m2.12%	2.12%	New
11	ENERGY VAULT HOLDINGS INC COM NRGV	NRGV	8,207,328	$5.9m1.55%	1.55%	Unchanged
12	SOCIEDAD QUIMICA Y MINERA DE SPON ADR SER B SQM	SQM	157,699	$5.6m1.47%	1.47%	Added +84.1k	+84,119 114.3%
13	HUBBELL INC COM HUBB	HUBB	10,490	$4.3m1.13%	1.13%	New
14	MARTIN MARIETTA MATLS INC COM MLM	MLM	7,620	$4.2m1.11%	1.11%	New
15	MATERION CORP COM MTRN	MTRN	52,522	$4.2m1.10%	1.10%	New
16	NUTRIEN LTD COM NTR	NTR	69,282	$4.0m1.07%	1.07%	Reduced -66.0k	-66,013 -48.8%