Q3 2025 Holdings
Filed 2025-11-12 | 80 holdings | $576.4M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Tidewater Inc(TDW) | COM | 88642R109 | $157.3M | 2,950,157 | 27.3% |
| Builders Firstsource Inc(BLDR) | COM | 12008R107 | $50.2M | 413,979 | 8.7% |
| Five Point Holdings LLC(FPH) | COM | 33833Q106 | $42.7M | 6,964,320 | 7.4% |
| LSB Inds Inc(LXU) | COM | 502160104 | $33.6M | 4,257,922 | 5.8% |
| Jefferies Finl Group Inc(JEF) | COM | 47233W109 | $21.8M | 332,691 | 3.8% |
| West Fraser Timber Co LTD(WFG) | COM | 952845105 | $19.9M | 293,224 | 3.5% |
| Cavco Inds Inc del(CVCO) | COM | 149568107 | $18.6M | 32,011 | 3.2% |
| Radnet Inc(RDNT) | COM | 750491102 | $14.2M | 186,171 | 2.5% |
| Westlake Chem Corp(WLK) | COM | 960413102 | $14.0M | 181,851 | 2.4% |
| Aercap Holdings NV(AER) | SHS | N00985106 | $12.9M | 106,460 | 2.2% |
| Amrep Corp New(AXR) | COM | 032159105 | $12.4M | 517,438 | 2.1% |
| Arcelormittal SA Luxembourg(MT) | NY REGISTRY SH | 03938L203 | $12.3M | 338,900 | 2.1% |
| Lincoln Elec Hldgs Inc(LECO) | COM | 533900106 | $11.7M | 49,705 | 2.0% |
| Navigator Holdings PLC(NVGS) | SHS | Y62132108 | $11.4M | 735,531 | 2.0% |
| Insteel Industries Inc(IIIN) | COM | 45774W108 | $11.4M | 297,055 | 2.0% |
| Canadian NAT RES LTD(CNQ) | COM | 136385101 | $10.4M | 326,192 | 1.8% |
| Western Digital Corp(WDC) | COM | 958102105 | $10.3M | 85,905 | 1.8% |
| Travel Plus Leisure Co(TNL) | COM | 894164102 | $7.3M | 122,254 | 1.3% |
| Millrose Pptys Inc(MRP) | COM CL A | 601137102 | $7.1M | 211,390 | 1.2% |
| Louisiana PAC Corp(LPX) | COM | 546347105 | $7.0M | 78,706 | 1.2% |
| Technipfmc PLC(FTI) | COM | G87110105 | $6.5M | 165,832 | 1.1% |
| Canadian Solar Inc(CSIQ) | COM | 136635109 | $6.2M | 476,270 | 1.1% |
| Legacy Housing Corp(LEGH) | COM | 52472M101 | $6.1M | 222,167 | 1.1% |
| Seacor Marine Holdings Inc(SMHI) | COM | 78413P101 | $5.5M | 841,916 | 0.9% |
| Champion Homes Inc(SKY) | COM | 830830105 | $5.3M | 68,981 | 0.9% |
| Spotify Technology S A(SPOT) | SHS | L8681T102 | $5.2M | 7,500 | 0.9% |
| Asbury Automotive Group(ABG) | COM | 043436104 | $4.9M | 20,153 | 0.9% |
| Allison Transmission Hldgs Inc(ALSN) | COM | 01973R101 | $4.9M | 57,959 | 0.9% |
| Teck Resources Inc(TECK) | CL B | 878742204 | $4.4M | 100,000 | 0.8% |
| Noble Corp New(NE) | ORD SHS A | G65431127 | $4.2M | 147,418 | 0.7% |
| Preformed Line Prods Co(PLPC) | COM | 740444104 | $3.6M | 18,484 | 0.6% |
| Dana Holding Corp(DAN) | COM | 235825205 | $3.3M | 163,563 | 0.6% |
| Sandisk Corp(SNDK) | COM | 80004C200 | $3.0M | 27,012 | 0.5% |
| SEA LTD(SE) | SPONSORED ADS | 81141R100 | $2.7M | 15,000 | 0.5% |
| Academy Sports & Outdoors in(ASO) | COM | 00402L107 | $2.7M | 53,040 | 0.5% |
| Seneca Foods Corp(SENEA) | COM | 817070501 | $2.6M | 23,770 | 0.4% |
| Valaris Limited(VAL) | CL A | G9460G101 | $2.6M | 52,524 | 0.4% |
| Caci Intl Inc(CACI) | CL A | 127190304 | $1.8M | 3,600 | 0.3% |
| CGI Inc(GIB) | CL A SUB VTG | 12532H104 | $1.8M | 20,000 | 0.3% |
| U Haul Holding Company(UHAL/B) | COM SER N | 023586506 | $1.7M | 34,000 | 0.3% |
| Ranger Energy Svcs Inc(RNGR) | COM CL A | 75282U104 | $1.4M | 100,000 | 0.2% |
| Morgan Stanley(MS) | COM NEW | 617446448 | $1.1M | 6,715 | 0.2% |
| Agnico Eagle Mines LTD(AEM) | COM | 008474108 | $927.1K | 5,500 | 0.2% |
| Alamos Gold Incorporated(AGI) | COM CL A | 011532108 | $906.4K | 26,000 | 0.2% |
| Olin Corp New(OLN) | COM PAR $1 | 680665205 | $892.6K | 35,718 | 0.2% |
| Hudbay Minerals Inc(HBM) | COM | 443628102 | $833.8K | 55,000 | 0.1% |
| Advanced Energy Inds(AEIS) | COM | 007973100 | $803.9K | 4,725 | 0.1% |
| Petroleo Brasileiro SA Petro(PBR) | SPONSORED ADR | 71654V408 | $633.0K | 50,000 | 0.1% |
| Hilton Grand Vacations Inc(HGV) | COM | 43283X105 | $620.9K | 14,850 | 0.1% |
| Amkor Technology Inc(AMKR) | COM | 031652100 | $516.2K | 18,175 | 0.1% |