SCP Investment, LP
SCP Investment, LP is an SEC-registered investment adviser that reports managing 11 hedge funds on Form ADV. It reports $1.2 billion in regulatory assets under management. Its private funds, of all types, hold $1.2 billion in gross assets. Its disclosed U.S. stock holdings returned an estimated +7.2% 2026 YTD through Jun 30 (S&P 500: +9.5%), based on 13F filings. Over a longer period they returned an estimated -4.4% from Q3 2024 to Q2 2026, compared with +37.2% for the S&P 500, based on 13F filings.
- Regulatory assets under management
- $1.2 billionForm ADV Item 5.F
- Gross assets of private funds
- $1.2 billionAll private fund types, Form ADV
- Hedge funds managed
- 1111 private funds in total
- Employees
- 4Form ADV Item 5.A
- Registration
- SEC-registered adviserCRD 283397
- Latest Form ADV
- 03/26/2026Disciplinary disclosures: none reported
Estimated 13F portfolio performance
Estimated by AltMountain, derived from the firm’s public Form 13F filings. Not reported by the firm and not the return of any fund.
| Quarter | Est. 13F return | S&P 500 |
|---|---|---|
| Q2 2026 | +5.1% | +14.8% |
| Q1 2026 | +2.0% | -4.6% |
| Q4 2025 | -3.2% | +2.4% |
| Q3 2025 | -1.1% | +7.8% |
| Q2 2025 | +11.1% | +10.4% |
| Q1 2025 | -14.4% | -4.5% |
| Q4 2024 | -6.5% | +2.1% |
| Q3 2024 | +4.9% | +5.4% |
Estimate of the firm's disclosed long U.S. stock portfolio from its quarterly 13F filings, holding each quarter-end portfolio to the next quarter-end at prices implied by all 13F filers. It is a price return before dividends and fees, ignores shorts, options, bonds, cash and trading within the quarter, and is not the return of any fund. Disclosures
Manager of this firm? Report your fund’s actual net return, or email hello@altmountain.com to correct or remove this estimate. Removal requests from the firm are honored.
13F holdings as of Jun 30, 2026
All 47 share positions ($108,478,756) reported by SCP Investment, LP on Form 13F for the quarter ended Jun 30, 2026, filed Aug 7, 2026. Shown as filed with the SEC. Original filing on SEC.gov ↗
| Stock | Value | % of 13F portfolio | Shares | Shares vs prior quarter |
|---|---|---|---|---|
| Alphabet Inc | $15,188,225 | 14.00% | 42,500 | Unchanged |
| Uber Technologies Inc | $10,643,600 | 9.81% | 147,500 | Unchanged |
| Birkenstock Holding PLC | $9,251,450 | 8.53% | 215,000 | New |
| Blackstone Inc | $6,471,850 | 5.97% | 55,000 | New |
| Select Sector SPDR TR | $6,346,400 | 5.85% | 40,000 | +300.00% |
| Amazon Com Inc | $5,958,500 | 5.49% | 25,000 | -28.57% |
| Adobe Inc | $4,920,480 | 4.54% | 24,000 | New |
| Global E Online LTD | $3,125,700 | 2.88% | 90,000 | New |
| Apple Inc | $2,893,600 | 2.67% | 10,000 | Unchanged |
| Viper Energy Inc | $2,696,640 | 2.49% | 63,600 | +3.25% |
| Diamondback Energy Inc | $2,392,014 | 2.21% | 13,608 | +7.93% |
| Eqt Corp | $2,382,016 | 2.20% | 44,800 | +50.34% |
| Xcel Energy Inc | $2,216,280 | 2.04% | 27,600 | +16.95% |
| Nextpower Inc | $1,988,208 | 1.83% | 16,688 | +142.28% |
| American Elec PWR Co Inc | $1,860,616 | 1.72% | 13,600 | +7.94% |
| Energy Transfer L P | $1,824,048 | 1.68% | 95,400 | +7.67% |
| Pg&e Corp | $1,796,376 | 1.66% | 106,800 | -15.77% |
| Sempra | $1,631,696 | 1.50% | 17,600 | +12.82% |
| Halliburton Co | $1,575,280 | 1.45% | 46,400 | +30.34% |
| SLB Limited | $1,552,766 | 1.43% | 33,400 | +9.87% |
| Ge Vernova Inc | $1,513,220 | 1.39% | 1,288 | +163.93% |
| Ovintiv Inc | $1,411,020 | 1.30% | 26,800 | +59.52% |
| Chevron Corporation | $1,392,384 | 1.28% | 8,400 | +13.51% |
| Phillips 66 | $1,384,181 | 1.28% | 8,188 | +6.50% |
| Cameco Corp | $1,283,436 | 1.18% | 12,600 | +21.15% |
| Targa Res Corp | $1,224,327 | 1.13% | 4,566 | +172.11% |
| Permian Resources Corp | $1,170,876 | 1.08% | 63,600 | +562.50% |
| Eog Res Inc | $1,141,624 | 1.05% | 8,800 | Unchanged |
| Array Technologies Inc | $1,013,688 | 0.93% | 136,800 | -41.24% |
| NRG Energy Inc | $993,208 | 0.92% | 6,800 | +41.67% |
| Duke Energy Corp New | $962,008 | 0.89% | 7,600 | New |
| Valero Energy Corp | $939,668 | 0.87% | 3,608 | +99.56% |
| First Solar Inc | $936,289 | 0.86% | 3,968 | -55.75% |
| YPF Sociedad Anonima | $891,212 | 0.82% | 19,600 | New |
| Cheniere Energy Inc | $764,832 | 0.71% | 3,200 | +14.29% |
| Baker Hughes Company | $710,400 | 0.65% | 12,800 | New |
| Golar LNG LTD | $637,952 | 0.59% | 12,800 | +166.67% |
| Conocophillips | $582,176 | 0.54% | 5,600 | -67.19% |
| Energy Fuels Inc | $533,600 | 0.49% | 36,800 | -24.59% |
| Vistra Corp | $444,164 | 0.41% | 2,800 | -68.18% |
| Freeport Mcmoran Inc | $427,652 | 0.39% | 6,800 | -29.17% |
| Venture Global Inc | $298,284 | 0.27% | 26,800 | +148.15% |
| Coeur MNG Inc | $274,307 | 0.25% | 16,808 | -39.12% |
| Sunrun Inc | $268,777 | 0.25% | 20,088 | New |
| Technipfmc PLC | $217,994 | 0.20% | 3,288 | New |
| Uranium Energy Corp | $179,088 | 0.17% | 16,800 | +6.33% |
| Hecla Mining Company | $166,644 | 0.15% | 10,800 | New |
Changes since Mar 31, 2026
Comparing the share counts in the two quarter-end filings: 10 new positions, 11 sold out, 24 increased, 9 reduced and 4 unchanged.
New positions
| Stock | Value | Shares |
|---|---|---|
| Birkenstock Holding PLC | $9,251,450 | 215,000 |
| Blackstone Inc | $6,471,850 | 55,000 |
| Adobe Inc | $4,920,480 | 24,000 |
| Global E Online LTD | $3,125,700 | 90,000 |
| Duke Energy Corp New | $962,008 | 7,600 |
| YPF Sociedad Anonima | $891,212 | 19,600 |
| Baker Hughes Company | $710,400 | 12,800 |
| Sunrun Inc | $268,777 | 20,088 |
| Technipfmc PLC | $217,994 | 3,288 |
| Hecla Mining Company | $166,644 | 10,800 |
Sold out
| Stock | Value at Mar 31, 2026 | Shares held then |
|---|---|---|
| Lineage Inc | $5,896,800 | 180,000 |
| Caesars Entertainment Inc Ne | $4,757,400 | 180,000 |
| Nextera Energy Inc | $1,356,048 | 14,600 |
| HF Sinclair Corp | $973,284 | 15,600 |
| Expand Energy Corporation | $966,064 | 8,800 |
| Shell PLC | $706,800 | 7,600 |
| Marathon Pete Corp | $705,192 | 2,888 |
| Helmerich & Payne Inc | $533,244 | 14,800 |
| BP PLC | $507,600 | 10,800 |
| Shoals Technologies Group In | $381,640 | 58,000 |
| Mirion Technologies Inc | $349,492 | 18,800 |
Largest increases
| Stock | Change in shares | Change | Value now | Shares now |
|---|---|---|---|---|
| Select Sector SPDR TR | +30,000 | +300.00% | $6,346,400 | 40,000 |
| Nextpower Inc | +9,800 | +142.28% | $1,988,208 | 16,688 |
| Permian Resources Corp | +54,000 | +562.50% | $1,170,876 | 63,600 |
| Ge Vernova Inc | +800 | +163.93% | $1,513,220 | 1,288 |
| Eqt Corp | +15,000 | +50.34% | $2,382,016 | 44,800 |
| Targa Res Corp | +2,888 | +172.11% | $1,224,327 | 4,566 |
| Ovintiv Inc | +10,000 | +59.52% | $1,411,020 | 26,800 |
| Valero Energy Corp | +1,800 | +99.56% | $939,668 | 3,608 |
| Golar LNG LTD | +8,000 | +166.67% | $637,952 | 12,800 |
| Halliburton Co | +10,800 | +30.34% | $1,575,280 | 46,400 |
| Xcel Energy Inc | +4,000 | +16.95% | $2,216,280 | 27,600 |
| NRG Energy Inc | +2,000 | +41.67% | $993,208 | 6,800 |
| Cameco Corp | +2,200 | +21.15% | $1,283,436 | 12,600 |
| Sempra | +2,000 | +12.82% | $1,631,696 | 17,600 |
| Venture Global Inc | +16,000 | +148.15% | $298,284 | 26,800 |
| Diamondback Energy Inc | +1,000 | +7.93% | $2,392,014 | 13,608 |
| Chevron Corporation | +1,000 | +13.51% | $1,392,384 | 8,400 |
| SLB Limited | +3,000 | +9.87% | $1,552,766 | 33,400 |
| American Elec PWR Co Inc | +1,000 | +7.94% | $1,860,616 | 13,600 |
| Energy Transfer L P | +6,800 | +7.67% | $1,824,048 | 95,400 |
Largest reductions
| Stock | Change in shares | Change | Value now | Shares now |
|---|---|---|---|---|
| Amazon Com Inc | -10,000 | -28.57% | $5,958,500 | 25,000 |
| Conocophillips | -11,468 | -67.19% | $582,176 | 5,600 |
| First Solar Inc | -5,000 | -55.75% | $936,289 | 3,968 |
| Vistra Corp | -6,000 | -68.18% | $444,164 | 2,800 |
| Array Technologies Inc | -96,000 | -41.24% | $1,013,688 | 136,800 |
| Pg&e Corp | -20,000 | -15.77% | $1,796,376 | 106,800 |
| Coeur MNG Inc | -10,800 | -39.12% | $274,307 | 16,808 |
| Freeport Mcmoran Inc | -2,800 | -29.17% | $427,652 | 6,800 |
| Energy Fuels Inc | -12,000 | -24.59% | $533,600 | 36,800 |
Each list shows up to 20 positions, largest first by dollar amount. Changes compare two quarter-end snapshots, with the earlier share count adjusted for stock splits AltMountain detected. They do not show when, or at what price, anything was bought or sold.
From public Form 13F filings, not verified. Form 13F is filed up to 45 days after the quarter ends, so positions may have changed. It lists only certain long positions in U.S.-listed stocks and exchange-traded funds; options are not shown here, and short positions, most bonds, cash, non-U.S. securities and private investments are not reported at all, so a holding may be one side of a hedge. A filing covers the manager as a whole, not any single fund, and filings contain errors. This is not investment advice or a recommendation to buy or sell any security. Disclosures
Hedge funds filing Form D (7)
Matched to this firm by the fund names and related persons in each Form D. The list may be incomplete.
Private funds reported on Form ADV (11)
As reported in the adviser's Form ADV filed Sep 13, 2024. Funds also listed from Form D are shown above.
From SEC filings. Firm data comes from the SEC's Form ADV data as of Oct 2, 2026; performance estimates come from Form 13F. AltMountain has not verified this information, and it is not an offer, solicitation or recommendation. Full disclosures