Q3 2025 Holdings
Filed 2025-10-22 | 55 holdings | $659.1M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Exxon Mobil Corporation(XOM) | COM | 30231G102 | $146.7M | 1,301,455 | 22.3% |
| Chevron Corporation(CVX) | COM | 166764100 | $98.3M | 632,724 | 14.9% |
| ConocoPhillips(COP) | COM | 20825C104 | $42.3M | 447,303 | 6.4% |
| Linde plc(LIN) | COM | G54950103 | $29.2M | 61,500 | 4.4% |
| Williams Companies, Inc.(WMB) | COM | 969457100 | $22.2M | 350,050 | 3.4% |
| Phillips 66(PSX) | COM | 718546104 | $21.7M | 159,475 | 3.3% |
| Marathon Petroleum Corporation(MPC) | COM | 56585A102 | $21.7M | 112,512 | 3.3% |
| Kinder Morgan, Inc.(KMI) | COM | 49456B101 | $19.7M | 696,692 | 3.0% |
| Baker Hughes Company(BKR) | COM | 05722G100 | $18.4M | 376,900 | 2.8% |
| EOG Resources, Inc.(EOG) | COM | 26875P101 | $15.9M | 141,367 | 2.4% |
| Valero Energy Corporation(VLO) | COM | 91913Y100 | $15.1M | 88,900 | 2.3% |
| Oneok, Inc.(OKE) | COM | 682680103 | $12.3M | 168,500 | 1.9% |
| Schlumberger N.V.(SLB) | COM | 806857108 | $12.2M | 355,233 | 1.9% |
| Ecolab Inc.(ECL) | COM | 278865100 | $12.2M | 44,400 | 1.8% |
| EQT Corporation(EQT) | COM | 26884L109 | $12.0M | 220,500 | 1.8% |
| Occidental Petroleum Corporation(OXY) | COM | 674599105 | $11.8M | 250,451 | 1.8% |
| Newmont Corporation(NEM) | COM | 651639106 | $10.6M | 125,300 | 1.6% |
| Devon Energy Corporation(DVN) | COM | 25179M103 | $10.5M | 299,400 | 1.6% |
| Sherwin-Williams Company(SHW) | COM | 824348106 | $8.7M | 25,200 | 1.3% |
| Freeport-McMoRan, Inc.(FCX) | COM | 35671D857 | $8.7M | 222,200 | 1.3% |
| Vulcan Materials Company(VMC) | COM | 929160109 | $8.2M | 26,600 | 1.2% |
| Nucor Corporation(NUE) | COM | 670346105 | $7.3M | 54,000 | 1.1% |
| Targa Resources Corp.(TRGP) | COM | 87612G101 | $7.0M | 41,600 | 1.1% |
| Corteva Inc.(CTVA) | COM | 22052L104 | $6.2M | 91,945 | 0.9% |
| DuPont de Nemours, Inc.(DD) | COM | 26614N102 | $6.1M | 78,626 | 0.9% |
| Air Products and Chemicals, Inc.(APD) | COM | 009158106 | $5.6M | 20,600 | 0.9% |
| Diamondback Energy, Inc.(FANG) | COM | 25278X109 | $5.1M | 35,500 | 0.8% |
| Expand Energy Corporation(EXE) | COM | 165167735 | $4.9M | 46,400 | 0.7% |
| Texas Pacific Land Corporation(TPL) | COM | 88262P102 | $4.8M | 5,150 | 0.7% |
| CF Industries Holdings, Inc.(CF) | COM | 125269100 | $4.6M | 51,569 | 0.7% |
| Cheniere Energy, Inc.(LNG) | COM | 16411R208 | $4.1M | 17,600 | 0.6% |
| Halliburton Company(HAL) | COM | 406216101 | $3.9M | 158,353 | 0.6% |
| Cenovus Energy Inc.(CVE) | COM | 15135U109 | $3.9M | 228,100 | 0.6% |
| Martin Marietta Materials, Inc.(MLM) | COM | 573284106 | $3.4M | 5,400 | 0.5% |
| Crown Holdings, Inc.(CCK) | COM | 228368106 | $3.1M | 32,400 | 0.5% |
| Canadian Natural Resources Limited(CNQ) | COM | 136385101 | $3.1M | 97,000 | 0.5% |
| Ovintiv Inc.(OVV) | COM | 69047Q102 | $2.9M | 72,800 | 0.4% |
| Coterra Energy Inc.(CTRA) | COM | 127097103 | $2.9M | 120,800 | 0.4% |
| TechnipFMC plc(FTI) | COM | G87110105 | $2.5M | 62,800 | 0.4% |
| PPG Industries, Inc.(PPG) | COM | 693506107 | $1.9M | 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% |
| Packaging Corporation of America(PKG) | COM | 695156109 | $1.6M | 7,400 | 0.2% |
| Amcor plc(AMCR) | COM | G0250X107 | $1.6M | 196,400 | 0.2% |
| Steel Dynamics, Inc.(STLD) | COM | 858119100 | $1.5M | 11,026 | 0.2% |
| Dow, Inc.(DOW) | COM | 260557103 | $1.5M | 63,945 | 0.2% |
| APA Corporation(APA) | COM | 03743Q108 | $1.4M | 56,000 | 0.2% |
| International Flavors & Fragrances Inc.(IFF) | COM | 459506101 | $1.2M | 20,206 | 0.2% |
| Ball Corporation(BALL) | COM | 058498106 | $1.2M | 23,300 | 0.2% |
| LyondellBasell Industries N.V.(LYB) | COM | N53745100 | $1.0M | 20,600 | 0.2% |