In a significant portfolio shift, Encompass Capital Advisors completely sold off its stake in steel manufacturer Nucor Corp. (NUE) during the second quarter of 2026. The firm liquidated all 175,000 of its shares, which were valued at approximately $29.59 million at the end of the first quarter. This exit follows a previous reduction in the first quarter when Encompass sold over 138,000 shares.
The transaction details were made public through a quarterly 13F filing with the SEC on August 14, 2026, a report which discloses portfolio holdings from the end of the previous quarter. During the period the sale took place, Nucor reported strong second-quarter earnings, with net sales reaching $10.4 billion and diluted earnings per share of $5.04, beating analyst expectations.