Q2 2025 Holdings
Filed 2025-07-30 | 54 holdings | $631.2M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Exxon Mobil Corporation(XOM) | COM | 30231G102 | $144.2M | 1,337,255 | 22.8% |
| Chevron Corporation(CVX) | COM | 166764100 | $73.1M | 510,771 | 11.6% |
| ConocoPhillips(COP) | COM | 20825C104 | $33.6M | 374,903 | 5.3% |
| Linde plc(LIN) | COM | G54950103 | $29.8M | 63,600 | 4.7% |
| EOG Resources, Inc.(EOG) | COM | 26875P101 | $23.8M | 199,067 | 3.8% |
| Williams Companies, Inc.(WMB) | COM | 969457100 | $22.9M | 365,350 | 3.6% |
| Kinder Morgan, Inc.(KMI) | COM | 49456B101 | $18.7M | 636,192 | 3.0% |
| Hess Corporation(HES) | COM | 42809H107 | $18.6M | 134,589 | 3.0% |
| Phillips 66(PSX) | COM | 718546104 | $17.7M | 148,175 | 2.8% |
| Marathon Petroleum Corporation(MPC) | COM | 56585A102 | $17.3M | 104,312 | 2.7% |
| Targa Resources Corp.(TRGP) | COM | 87612G101 | $14.5M | 83,300 | 2.3% |
| Baker Hughes Company(BKR) | COM | 05722G100 | $14.5M | 376,900 | 2.3% |
| Oneok, Inc.(OKE) | COM | 682680103 | $14.2M | 174,000 | 2.3% |
| Sherwin-Williams Company(SHW) | COM | 824348106 | $13.2M | 38,300 | 2.1% |
| Expand Energy Corporation(EXE) | COM | 165167735 | $12.7M | 108,700 | 2.0% |
| Schlumberger N.V.(SLB) | COM | 806857108 | $12.5M | 369,233 | 2.0% |
| Ecolab Inc.(ECL) | COM | 278865100 | $12.1M | 45,000 | 1.9% |
| Freeport-McMoRan, Inc.(FCX) | COM | 35671D857 | $10.8M | 248,400 | 1.7% |
| Valero Energy Corporation(VLO) | COM | 91913Y100 | $10.5M | 78,300 | 1.7% |
| Devon Energy Corporation(DVN) | COM | 25179M103 | $9.6M | 302,800 | 1.5% |
| Newmont Corporation(NEM) | COM | 651639106 | $7.4M | 126,800 | 1.2% |
| Vulcan Materials Company(VMC) | COM | 929160109 | $7.0M | 26,900 | 1.1% |
| Corteva Inc.(CTVA) | COM | 22052L104 | $6.9M | 91,945 | 1.1% |
| EQT Corporation(EQT) | COM | 26884L109 | $6.5M | 111,900 | 1.0% |
| Coterra Energy Inc.(CTRA) | COM | 127097103 | $5.9M | 233,900 | 0.9% |
| Air Products and Chemicals, Inc.(APD) | COM | 009158106 | $5.9M | 20,900 | 0.9% |
| Texas Pacific Land Corporation(TPL) | COM | 88262P102 | $5.8M | 5,450 | 0.9% |
| Occidental Petroleum Corporation(OXY) | COM | 674599105 | $5.4M | 128,951 | 0.9% |
| Diamondback Energy, Inc.(FANG) | COM | 25278X109 | $4.9M | 35,900 | 0.8% |
| CF Industries Holdings, Inc.(CF) | COM | 125269100 | $4.7M | 51,569 | 0.8% |
| DuPont de Nemours, Inc.(DD) | COM | 26614N102 | $3.9M | 56,726 | 0.6% |
| Halliburton Company(HAL) | COM | 406216101 | $3.6M | 175,353 | 0.6% |
| Crown Holdings, Inc.(CCK) | COM | 228368106 | $3.3M | 32,400 | 0.5% |
| Cheniere Energy, Inc.(LNG) | COM | 16411R208 | $3.2M | 13,300 | 0.5% |
| Canadian Natural Resources Limited(CNQ) | COM | 136385101 | $3.0M | 97,000 | 0.5% |
| Martin Marietta Materials, Inc.(MLM) | COM | 573284106 | $3.0M | 5,400 | 0.5% |
| Nucor Corporation(NUE) | COM | 670346105 | $2.9M | 22,600 | 0.5% |
| Eastman Chemical Company(EMN) | COM | 277432100 | $2.5M | 33,100 | 0.4% |
| TechnipFMC plc(FTI) | COM | G87110105 | $2.2M | 62,800 | 0.3% |
| PPG Industries, Inc.(PPG) | COM | 693506107 | $2.1M | 18,100 | 0.3% |
| International Paper Company(IP) | COM | 460146103 | $1.9M | 40,900 | 0.3% |
| Smurfit Westrock plc(SW) | COM | G8267P108 | $1.8M | 41,300 | 0.3% |
| Dow, Inc.(DOW) | COM | 260557103 | $1.7M | 63,945 | 0.3% |
| Steel Dynamics, Inc.(STLD) | COM | 858119100 | $1.6M | 12,526 | 0.3% |
| International Flavors & Fragrances Inc.(IFF) | COM | 459506101 | $1.5M | 20,206 | 0.2% |
| Packaging Corporation of America(PKG) | COM | 695156109 | $1.4M | 7,400 | 0.2% |
| Ball Corporation(BALL) | COM | 058498106 | $1.3M | 23,300 | 0.2% |
| LyondellBasell Industries N.V.(LYB) | COM | N53745100 | $1.2M | 20,600 | 0.2% |
| Avery Dennison Corporation(AVY) | COM | 053611109 | $1.1M | 6,300 | 0.2% |
| APA Corporation(APA) | COM | 03743Q108 | $1.0M | 56,000 | 0.2% |