Energy-focused investment firm SIR Capital Management significantly increased its position in lithium producer Albemarle Corp. during the second quarter of 2026. The fund manager acquired over 50,000 additional shares, raising its total stake by 152% to 83,342 shares. This boosted the reported value of its holding to $11.25 million as of June 30.
This trade information, disclosed in an August 14th 13F filing, reflects a position held at the end of the second quarter and not a current transaction. The move coincided with a strong quarter for Albemarle, which saw revenues rise 31% year-over-year, driven by a recovery in lithium prices and robust demand for energy storage solutions.