In a recently released disclosure, energy-focused investment firm Encompass Capital revealed it had liquidated its entire position in Constellation Energy (CEG). The filing, which reports holdings as of June 30, 2026, shows the sale of all 200,000 shares, which were valued at approximately $55.85 million at the end of the first quarter. This holding previously represented 1.67% of Encompass Capital's reported portfolio.
This disclosure is based on a quarterly 13F filing, which is required to be filed within 45 days of a quarter's end, meaning the trades occurred between April 1 and June 30, 2026. During that period, Constellation Energy reported strong Q2 adjusted earnings and raised its full-year guidance, though GAAP earnings declined year-over-year. [2, 4] Encompass has not publicly commented on its specific reasons for the sale.