Q1 2025 Holdings
Filed 2025-05-15 | 31 holdings | $184.2M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Spdr S&P 500 ETF TR(SPY)Put | TR UNIT | 78462F103 | $89.5M | 160,000 | 48.6% |
| Ishares TR(IWM)Put | RUSSELL 2000 ETF | 464287655 | $9.0M | 45,000 | 4.9% |
| Franco NEV Corp(FNV) | COM | 351858105 | $7.2M | 45,796 | 3.9% |
| EQT Corp(EQT) | COM | 26884L109 | $7.1M | 132,184 | 3.8% |
| National Energy Services REU(NESR) | SHS | G6375R107 | $6.2M | 845,717 | 3.4% |
| Core Natural Resources Inc(CNR) | COM SHS | 218937100 | $6.0M | 77,198 | 3.2% |
| BKV Corp(BKV) | COM | 05603J108 | $5.5M | 259,857 | 3.0% |
| Vaneck ETF Trust(GDXJ) | JUNIOR GOLD MINE | 92189F791 | $4.3M | 75,235 | 2.3% |
| Solaris Energy Infras Inc(SEI) | COM CL A | 83418M103 | $4.2M | 190,937 | 2.3% |
| Conocophillips(COP) | COM | 20825C104 | $3.9M | 37,500 | 2.1% |
| Genco Shipping & Trading LTD(GNK) | SHS | Y2685T131 | $3.7M | 280,422 | 2.0% |
| Century Alum Co(CENX) | COM | 156431108 | $3.3M | 177,174 | 1.8% |
| Cameco Corp(CCJ) | COM | 13321L108 | $2.9M | 71,460 | 1.6% |
| Permian Resources Corp(PR) | CLASS A COM | 71424F105 | $2.8M | 200,000 | 1.5% |
| Phillips 66(PSX) | COM | 718546104 | $2.5M | 20,356 | 1.4% |
| Patterson-Uti Energy Inc(PTEN) | COM | 703481101 | $2.5M | 300,000 | 1.3% |
| Expand Energy Corporation(EXE) | COM | 165167735 | $2.2M | 20,000 | 1.2% |
| Range RES Corp(RRC) | COM | 75281A109 | $2.2M | 55,000 | 1.2% |
| Frontline PLC(FRO) | COM | M46528101 | $2.2M | 145,471 | 1.2% |
| Vaneck ETF Trust(GDX) | GOLD MINERS ETF | 92189F106 | $2.1M | 45,236 | 1.1% |
| International Seaways Inc(INSW) | COM | Y41053102 | $2.0M | 60,000 | 1.1% |
| Iamgold Corp(IAG) | COM | 450913108 | $1.9M | 300,000 | 1.0% |
| Centrus Energy Corp(LEU) | CL A | 15643U104 | $1.9M | 30,000 | 1.0% |
| Peabody Energy Corp(BTU) | COM | 704551100 | $1.7M | 125,000 | 0.9% |
| Orla MNG LTD New(ORLA) | COM | 68634K106 | $1.7M | 180,942 | 0.9% |
| BP PLC(BP) | SPONSORED ADR | 055622104 | $1.7M | 49,550 | 0.9% |
| Wheaton Precious Metals Corp(WPM) | COM | 962879102 | $1.6M | 20,000 | 0.8% |
| Hallador Energy Company(HNRG) | COM | 40609P105 | $1.3M | 103,592 | 0.7% |
| Navigator Hldgs LTD(NVGS) | SHS | Y62132108 | $645.7K | 48,512 | 0.4% |
| Trilogy Metals Inc New(TMQ) | COM | 89621C105 | $465.0K | 300,000 | 0.3% |
| National Energy Services REU | *W EXP 06/06/202 | G6375R115 | $298.9K | 854,100 | 0.2% |