Q4 2025 Holdings
Filed 2026-02-17 | 50 holdings | $2.5B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| T1 Energy Inc(TE) | COM NEW | 35834F104 | $233.6M | 34,968,169 | 9.5% |
| Occidental Pete Corp(OXY)Call | COM | 674599105 | $228.8M | 5,565,200 | 9.3% |
| United Airls Hldgs Inc(UAL)Put | COM | 910047109 | $130.5M | 1,167,000 | 5.3% |
| Sable Offshore Corp(SOC) | COM SHS | 78574H104 | $121.7M | 13,489,241 | 5.0% |
| Solaris Energy Infras Inc(SEI) | COM CL A | 83418M103 | $117.7M | 2,559,543 | 4.8% |
| Diamondback Energy Inc(FANG) | COM | 25278X109 | $112.2M | 746,343 | 4.6% |
| National Energy Services REU(NESR) | SHS | G6375R107 | $111.2M | 7,103,284 | 4.5% |
| Constellium SE(CSTM) | CL A SHS | F21107101 | $87.8M | 4,657,915 | 3.6% |
| Kirby Corp(KEX) | COM | 497266106 | $71.6M | 649,758 | 2.9% |
| Helmerich & Payne Inc(HP) | COM | 423452101 | $59.7M | 2,081,644 | 2.4% |
| Matador RES Co(MTDR) | COM | 576485205 | $53.2M | 1,254,678 | 2.2% |
| Viper Energy Inc(VNOM) | CL A | 64361Q101 | $52.1M | 1,348,366 | 2.1% |
| Nucor Corp(NUE) | COM | 670346105 | $51.1M | 313,502 | 2.1% |
| Weatherford Intl PLC(WFRD) | ORD SHS | G48833118 | $46.9M | 599,274 | 1.9% |
| Baytex Energy Corp(BTE) | COM | 07317Q105 | $45.1M | 13,948,516 | 1.8% |
| Nextpower Inc(NXT) | CLASS A COM | 65290E101 | $43.5M | 499,837 | 1.8% |
| Commercial Metals Co(CMC) | COM | 201723103 | $41.5M | 599,871 | 1.7% |
| Shoals Technologies Group in(SHLS) | CL A | 82489W107 | $41.0M | 4,823,369 | 1.7% |
| Alcoa Corp(AA) | COM | 013872106 | $40.6M | 763,400 | 1.7% |
| Precision Drilling Corp(PDS) | COM NEW | 74022D407 | $40.0M | 556,638 | 1.6% |
| Hunt J B Trans Svcs Inc(JBHT) | COM | 445658107 | $39.8M | 205,000 | 1.6% |
| GXO Logistics Incorporated(GXO) | COMMON STOCK | 36262G101 | $36.8M | 698,974 | 1.5% |
| Chord Energy Corporation(CHRD) | COM NEW | 674215207 | $36.3M | 391,127 | 1.5% |
| Standard Lithium LTD(SLI) | COM | 853606101 | $36.0M | 8,053,722 | 1.5% |
| Primoris Svcs Corp(PRIM) | COM | 74164F103 | $36.0M | 289,907 | 1.5% |
| Ormat Technologies Inc(ORA) | COM | 686688102 | $34.5M | 312,675 | 1.4% |
| Cameco Corp(CCJ) | COM | 13321L108 | $34.3M | 375,000 | 1.4% |
| Warrior MET Coal Inc(HCC) | COM | 93627C101 | $33.1M | 375,791 | 1.4% |
| Select Water Solutions Inc(WTTR) | CL A COM | 81617J301 | $32.8M | 3,118,824 | 1.3% |
| Vista Energy S.A.B. de C.V.(VIST) | SPONSORED ADS | 92837L109 | $28.9M | 594,846 | 1.2% |
| Flowco Hldgs Inc(FLOC) | COM CL A | 342909108 | $28.2M | 1,503,216 | 1.1% |
| Okeanis ECO Tankers COR(ECO) | SHS | Y64177101 | $27.4M | 810,154 | 1.1% |
| Tetra Technologies Inc del(TTI) | COM | 88162F105 | $27.1M | 2,891,590 | 1.1% |
| Almonty Inds Inc(ALM) | COM NEW | 020398707 | $25.6M | 2,908,033 | 1.0% |
| Bristow Group Inc(VTOL) | COM | 11040G103 | $25.6M | 699,429 | 1.0% |
| Cmb.tech NV(CMBT) | SHS | B38564108 | $24.1M | 2,499,307 | 1.0% |
| Ranger Energy Svcs Inc(RNGR) | COM CL A | 75282U104 | $21.1M | 1,510,795 | 0.9% |
| Rice Acquisition Corp 3 | UNIT 99/99/9999 | G7553X122 | $21.0M | 1,997,867 | 0.9% |
| Arcbest Corp(ARCB) | COM | 03937C105 | $20.4M | 275,000 | 0.8% |
| Core Natural Resources Inc(CNR) | COM SHS | 218937100 | $19.9M | 225,000 | 0.8% |
| Century Alum Co(CENX) | COM | 156431108 | $19.6M | 499,837 | 0.8% |
| Tamboran RES Corp(TBN) | COM | 87507T101 | $19.4M | 713,698 | 0.8% |
| TMC the Metals Company Inc(TMC) | COM | 87261Y106 | $18.5M | 3,000,000 | 0.8% |
| Barrick MNG Corp(B) | COM SHS | 06849F108 | $17.4M | 400,000 | 0.7% |
| Sigma Lithium Corporation(SGML) | COM | 826599102 | $16.5M | 1,248,175 | 0.7% |
| Borr Drilling LTD(BORR) | SHS | G1466R173 | $14.3M | 3,554,800 | 0.6% |
| Navigator Hldgs LTD(NVGS) | SHS | Y62132108 | $11.0M | 635,601 | 0.4% |
| Scorpio Tankers Inc(STNG) | SHS | Y7542C130 | $10.2M | 200,000 | 0.4% |
| Perpetua Resources Corp(PPTA) | COM | 714266103 | $4.1M | 168,750 | 0.2% |
| T1 Energy Inc(TE/WS) | *W EXP 07/09/202 | 35834F112 | $415.9K | 355,465 | 0.0% |