EnCap Energy Capital Fund XI, L.P. — 13F holdings

EnCap Energy Capital Fund XI, L.P. reported 3 holdings worth $1.14B in its 13F filing for Q4 2025, filed February 17, 2026.

Largest positions

1. FANG DIAMONDBACK ENERGY INC — $435M (38.2%)
2. DVN DEVON ENERGY CORP NEW — $432M (38.0%)
3. PR PERMIAN RESOURCES CORP — $271M (23.8%)