SailingStone Capital Partners LLC

Houston, TX · CIK 1608904 · 13F filing filed 2026-08-14

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

Legal entitySAILINGSTONE CAPITAL PARTNERS LLC (US)

$534.3m reported value +21.4% vs Q1 2026

19positions

83.3%in top 10

4 new 11 added 4 reduced 2 sold out vs Q1 2026

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

PICKERING ENERGY PARTNERS LP – files its own report too

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

Holdings, Q2 2026

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	3,351,366	$104.3m19.53%	19.53%	Reduced -1.5m	-1,474,245 -30.6%
2	RANGE RES CORP COM RRC	RRC	1,504,350	$55.9m10.47%	10.47%	Added +522.3k	+522,319 53.2%
3	LINDE PLC SHS LIN	LIN	97,484	$50.6m9.47%	9.47%	Reduced -12.5k	-12,474 -11.3%
4	ANTERO RESOURCES CORP COM AR	AR	1,369,303	$48.1m9.01%	9.01%	Added +525.0k	+525,037 62.2%
5	ENTERPRISE PRODS PARTNERS L COM EPD	EPD	1,135,960	$41.8m7.82%	7.82%	Added +6.0k	+6,006 0.5%
6	IVANHOE ELECTRIC INC COM IE	IE	4,195,373	$40.3m7.55%	7.55%	Added +1.1m	+1,146,899 37.6%
7	WEST FRASER TIMBER CO LTD COM WFG	WFG	412,177	$39.6m7.41%	7.41%	Added +151.0k	+150,978 57.8%
8	MOSAIC CO NEW COM MOS	MOS	1,187,332	$25.2m4.71%	4.71%	New
9	ENERGY VAULT HOLDINGS INC COM NRGV	NRGV	4,469,075	$21.0m3.94%	3.94%	Added +24.1k	+24,058 0.5%
10	NUTRIEN LTD COM NTR	NTR	288,350	$18.2m3.40%	3.40%	Added +154.4k	+154,377 115.2%
11	WILLIAMS COS INC COM WMB	WMB	215,914	$16.1m3.00%	3.00%	Reduced -9.9k	-9,865 -4.4%
12	MURPHY OIL CORP COM MUR	MUR	486,854	$15.9m2.97%	2.97%	New
13	HUBBELL INC COM HUBB	HUBB	27,328	$14.3m2.68%	2.68%	Added +15.4k	+15,368 128.5%
14	MARTIN MARIETTA MATLS INC COM MLM	MLM	23,147	$13.3m2.50%	2.50%	Added +15.5k	+15,527 203.8%
15	CAMECO CORP COM CCJ	CCJ	73,227	$10.6m1.98%	1.98%	Added +392	+392 0.5%
16	CONSTELLATION ENERGY CORP COM CEG	CEG	38,795	$9.6m1.80%	1.80%	Added +6.4k	+6,435 19.9%
17	METALS ACQUISITION CORP II ORD CL A MTAL	MTAL	879,729	$8.9m1.67%	1.67%	New
18	METALS ACQUISITION CORP II *W EXP 06/30/203 MTAL.WS	MTAL.WS	313,092	$344.4k0.06%	0.06%	New
19	SOCIEDAD QUIMICA Y MINERA DE SPON ADR SER B SQM	SQM	3,745	$277.3k0.05%	0.05%	Reduced -42.7k	-42,682 -91.9%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
METALS ACQUISITION CORP II MTAL.U	MTAL.U	875,000	$8.8m875.0k shares
MATERION CORP MTRN	MTRN	42,322	$6.1m42.3k shares