In a significant portfolio adjustment, SIR Capital Management reduced its holdings in Kinetik Holdings (KNTK) by 94.85%. The investor sold an estimated $28.86 million worth of shares, cutting the position from 629.45K shares down to just 32.39K. This substantial sale lowered Kinetik's weight in SIR Capital's reported portfolio from 2.85% to a minimal 0.18%.
As is typical with 13F filings, this information is time-delayed, reflecting trades that occurred during the second quarter ending June 30, 2026. The disclosure, filed on August 14, precedes Kinetik's August 6 announcement of record second-quarter results and increased full-year guidance. No specific reason for the large divestment was publicly disclosed.