Q1 2025 Holdings
Filed 2025-05-14 | 38 holdings | $253.7M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Seadrill LTD(SDRL) | COM | G7997W102 | $40.7M | 1,611,825 | 16.0% |
| Spdr S&P 500 ETF TR(SPY) | TR UNIT | 78462F103 | $19.1M | 34,400 | 7.5% |
| HF Sinclair Corp(DINO) | COM | 403949100 | $18.1M | 548,434 | 7.1% |
| Sable Offshore Corp(SOC) | COM SHS | 78574H104 | $15.3M | 591,500 | 6.0% |
| Hudbay Minerals Inc(HBM) | COM | 443628102 | $13.0M | 1,684,700 | 5.1% |
| Sable Offshore Corp(SOC)Call | COM SHS | 78574H104 | $9.9M | 500,000 | 3.9% |
| Spdr Gold TR(GLD) | GOLD SHS | 78463V107 | $9.4M | 32,940 | 3.7% |
| Darling Ingredients Inc(DAR) | COM | 237266101 | $9.2M | 290,600 | 3.6% |
| Gulfport Energy Corp(GPOR) | COMMON SHARES | 402635502 | $8.2M | 44,566 | 3.2% |
| Corteva Inc(CTVA) | COM | 22052L104 | $7.9M | 129,700 | 3.1% |
| Nucor Corp(NUE) | COM | 670346105 | $7.7M | 63,518 | 3.1% |
| Ferroglobe PLC(GSM) | SHS | G33856108 | $7.3M | 1,999,768 | 2.9% |
| Archer Daniels Midland Co(ADM) | COM | 039483102 | $7.2M | 151,300 | 2.9% |
| Steel Dynamics Inc(STLD) | COM | 858119100 | $6.8M | 54,818 | 2.7% |
| Crescent Energy Company(CRGY) | CL A COM | 44952J104 | $6.5M | 579,150 | 2.5% |
| Core Natural Resources Inc(CNR) | COM SHS | 218937100 | $6.4M | 83,500 | 2.5% |
| Marathon Pete Corp(MPC) | COM | 56585A102 | $6.3M | 44,000 | 2.5% |
| United States STL Corp New(USX1) | COM | 912909108 | $6.1M | 142,600 | 2.4% |
| Spdr DOW Jones Indl Average(DIA) | UT SER 1 | 78467X109 | $5.8M | 14,000 | 2.3% |
| Bunge Global SA(BG) | COM SHS | H11356104 | $5.2M | 67,400 | 2.0% |
| Sigma Lithium Corporation(SGML) | COM | 826599102 | $5.1M | 443,980 | 2.0% |
| Lyondellbasell Industries N(LYB) | SHS - A - | N53745100 | $4.9M | 69,700 | 1.9% |
| Westlake Corporation(WLK) | COM | 960413102 | $4.6M | 46,100 | 1.8% |
| Algoma STL Group Inc(ASTL) | COM | 015658107 | $4.2M | 737,877 | 1.7% |
| Ishares Silver TR(SLV) | ISHARES | 46428Q109 | $3.3M | 106,590 | 1.3% |
| Darling Ingredients Inc(DAR)Call | COM | 237266101 | $3.3M | 100,000 | 1.3% |
| Pilgrims Pride Corp(PPC) | COM | 72147K108 | $3.1M | 58,700 | 1.2% |
| PAR PAC Holdings Inc(PARR) | COM NEW | 69888T207 | $1.6M | 111,789 | 0.6% |
| APA Corporation(APA)Call | COM | 03743Q108 | $1.6M | 100,000 | 0.6% |
| Vital Energy Inc(8LP1) | COM | 516806205 | $1.1M | 51,636 | 0.4% |
| Tyson Foods Inc(TSN) | CL A | 902494103 | $951.5K | 15,255 | 0.4% |
| Ishares Bitcoin Trust ETF(IBIT) | SHS BEN INT | 46438F101 | $922.7K | 19,400 | 0.4% |
| Vital Energy Inc(8LP1)Call | COM | 516806205 | $699.0K | 50,000 | 0.3% |
| Century Alum Co(CENX) | COM | 156431108 | $698.7K | 37,646 | 0.3% |
| United States STL Corp New(USX1)Call | COM | 912909108 | $640.8K | 15,100 | 0.3% |
| Atlas Lithium Corp(ATLX) | COM NEW | 105861306 | $513.9K | 96,956 | 0.2% |
| Innovex International Inc(INVX) | COM | 457651107 | $367.3K | 20,509 | 0.1% |
| Berry Corp(BRY) | COM | 08579X101 | $118.9K | 37,499 | 0.0% |