Energy-focused hedge fund SIR Capital Management significantly reduced its position in Chord Energy (CHRD) during the second quarter of 2026, according to a recent SEC filing. The firm sold over 130,000 shares, cutting its stake by 72.66% to just 49,050 shares. This disclosure, filed on August 14, 2026, reflects trades made between March 31 and June 30 of the same year, a common delay for such 13F filings.
The sale lowered the value of SIR Capital's holding from $25.51 million to $5.61 million. Despite the large reduction, Chord Energy remained a 0.64% position in the fund's reported portfolio. During the same quarter, Chord Energy reported strong financial results, including a significant year-over-year revenue increase and robust shareholder returns through dividends and buybacks. No specific reasoning for the trade was publicly disclosed by the investor.