Managers / Q1 2026
SailingStone Capital Partners LLC
CIK 0001608904 · 100 WAUGH DRIVE, SUITE 600, HOUSTON, TX, 77007 · (713) 930-0371
Summary
Sailingstone Capital Partners LLC reported $440M in U.S.-listed holdings across 17 positions for Q1 2026.
The portfolio is heavily concentrated: CMP alone accounts for 25.6% of reported value.
Compared with Q4 2025, the fund opened 2 new positions and exited 0.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 75.0% · $330M
- Other · 14.4% · $63M
- MLP · 9.7% · $43M
- ADR · 0.9% · $4M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| WFGWEST FRASER TIMBER LTD | NEW | +261.2K | 261.2K | +$24M | $24M |
| METALS ACQUISITION CORP II | NEW | +875.0K | 875.0K | +$9M | $9M |
| CEGCONSTELLATION ENERGY CORP | ADDED | +10.4K | 32.4K | +$1M | $9M |
| SQMSOCIEDAD QUIMICA Y MINERA DE | TRIMMED | −23.3K | 46.4K | −$1M | $4M |
| CCOCAMECO CORP | TRIMMED | −27.2K | 72.8K | −$2M | $11M |
| NTRNUTRIEN LTD | TRIMMED | −37.6K | 134.0K | −$482,722 | $10M |
| IEVANHOE ELECTRIC INC | TRIMMED | −732.9K | 3.05M | −$24M | $36M |
| CMPCOMPASS MINERALS INTL INC | TRIMMED | −588.5K | 4.83M | +$6M | $113M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | CMPCOMPASS MINERALS INTL INChistory → | COM | 25.59% | $113M | 4.83M |
| 2 | LINDE PLC | SHS | 12.38% | $55M | 110.0K |
| 3 | RRCRANGE RES CORPhistory → | COM | 10.08% | $44M | 982.0K |
| 4 | EPDENTERPRISE PRODS PARTNERS Lhistory → | COM | 9.71% | $43M | 1.13M |
| 5 | IEVANHOE ELECTRIC INChistory → | COM | 8.18% | $36M | 3.05M |
| 6 | ARANTERO RESOURCES CORPhistory → | COM | 8.14% | $36M | 844.3K |
| 7 | WFGWEST FRASER TIMBER LTDhistory → | COM | 5.40% | $24M | 261.2K |
| 8 | WMBILLIAMS COS INChistory → | COM | 3.73% | $16M | 225.8K |
| 9 | NRGVENERGY VAULT HOLDINGS INChistory → | COM | 3.33% | $15M | 4.45M |
| 10 | CCOCAMECO CORPhistory → | COM | 2.50% | $11M | 72.8K |
| 11 | NTRNUTRIEN LTDhistory → | COM | 2.30% | $10M | 134.0K |
| 12 | CEGCONSTELLATION ENERGY CORPhistory → | COM | 2.05% | $9M | 32.4K |
| 13 | METALS ACQUISITION CORP II | UNIT 99/99/9999 | 2.01% | $9M | 875.0K |
| 14 | MTRNMATERION CORPhistory → | COM | 1.39% | $6M | 42.3K |
| 15 | HUBBHUBBELL INChistory → | COM | 1.33% | $6M | 12.0K |
| 16 | MLMMARTIN MARIETTA MATLS INChistory → | COM | 1.02% | $4M | 7.6K |
| 17 | SQMSOCIEDAD QUIMICA Y MINERA DE | SPON ADR SER B | 0.85% | $4M | 46.4K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $440M | 17 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $402M | 15 | Feb 17, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $382M | 16 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $378M | 16 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $270M | 12 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $301M | 11 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $318M | 14 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $282M | 14 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $276M | 14 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $271M | 12 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $340M | 16 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $358M | 13 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $281M | 11 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $299M | 33 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $384M | 15 | Oct 11, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $364M | 11 | Aug 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $480M | 10 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $343M | 12 | Feb 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $396M | 12 | Nov 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $511M | 12 | Aug 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $428M | 9 | May 13, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020REVEALED | $548M | 21 | Feb 22, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $261M | 12 | Nov 16, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $269M | 15 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $178M | 16 | May 15, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $433M | 15 | Feb 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $394M | 16 | Nov 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $971M | 13 | Aug 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $1.5B | 14 | May 15, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $1.5B | 14 | Feb 14, 2019 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.