In a recently disclosed 13F filing from August 14, 2026, Encompass Capital revealed it had completely sold off its position in Par Pacific Holdings during the second quarter, which ended June 30. The firm liquidated all 460,390 of its shares, which were previously valued at $28.84 million and accounted for a 0.86% weight in its portfolio. It is important to remember that 13F filings are submitted to the SEC quarterly and reflect a past reporting period, so these trades occurred sometime between April 1 and June 30.
The exit came during a period of strong performance for Par Pacific, which reported a significant surge in net income for the second quarter of 2026. The company's shares had also experienced a substantial increase in value over the past six months. Encompass Capital has not publicly commented on its reasons for exiting the position.