In a notable portfolio shift, SIR Capital Management significantly reduced its investment in Liberty Energy Inc. during the second quarter of 2026, cutting its holdings by 72.24%. The firm's stake decreased from 1.07 million shares to approximately 297,880, with the reported value of the position falling from $30.90 million to $7.80 million.
This trade information was disclosed in a quarterly 13F filing on August 14, 2026, and reflects the firm's position as of June 30, 2026, not a real-time trade. During the second quarter, Liberty Energy reported strong earnings but also announced a nearly 50% increase in its 2026 capital spending plan, which was met with concern from investors and a significant drop in the stock price. SIR Capital has not publicly commented on its specific reasons for the reduction.