In a recent 13F filing with the SEC, Encompass Capital disclosed a significant reduction in its holdings of Quanta Services (PWR). The report, which reflects the firm's portfolio as of June 30, 2026, revealed that Encompass sold off 40,000 shares, decreasing its position by 66.67% to a total of 20,000 shares. This trade reduced the reported value of their stake from $32.94 million to $14.40 million. It is important to remember that 13F filings are submitted quarterly and represent a snapshot of an investor's holdings at the end of the reporting period, not necessarily their current position.
This move by Encompass Capital comes as Quanta Services has been reporting strong financial performance. The company announced record-breaking revenues and earnings for the second quarter of 2026, and subsequently raised its full-year guidance. Despite the positive news from Quanta, Encompass made a substantial divestment from the specialized contracting services company. The estimated value of the shares sold is approximately $28.80 million.