Q1 2025 Holdings
Filed 2025-05-15 | 65 holdings | $1.2B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Energy Transfer L P(ET) | COM UT LTD PTN | 29273V100 | $87.8M | 4,725,234 | 7.4% |
| Cheniere Energy Inc(LNG) | COM NEW | 16411R208 | $86.2M | 372,462 | 7.3% |
| Pembina Pipeline Corp(PBA) | COM | 706327103 | $79.6M | 1,982,211 | 6.7% |
| Targa RES Corp(TRGP) | COM | 87612G101 | $71.7M | 357,709 | 6.1% |
| Cenovus Energy Inc(CVE) | COM | 15135U109 | $70.8M | 4,897,021 | 6.0% |
| Suncor Energy Inc New(SU) | COM | 867224107 | $70.3M | 1,787,491 | 6.0% |
| Oneok Inc New(OKE) | COM | 682680103 | $67.2M | 677,349 | 5.7% |
| Enterprise Prods Partners L(EPD) | COM | 293792107 | $58.8M | 1,723,317 | 5.0% |
| Plains GP Hldgs L P(PAGPEUR) | LTD PARTNR INT A | 72651A207 | $57.7M | 2,700,980 | 4.9% |
| Western Midstream Partners L(WES) | COM UNIT LP INT | 958669103 | $55.6M | 1,357,630 | 4.7% |
| Sunoco LP Co FIN Corp(SUN) | COM UT REP LP | 86765K109 | $54.2M | 932,862 | 4.6% |
| Kinder Morgan Inc del(KMI) | COM | 49456B101 | $53.8M | 1,885,726 | 4.6% |
| Phillips 66(PSX) | COM | 718546104 | $51.3M | 415,614 | 4.3% |
| Williams COS Inc(WMB) | COM | 969457100 | $50.9M | 851,524 | 4.3% |
| Alliance Resource Partners L(ARLP) | UT LTD PART | 01877R108 | $36.0M | 1,319,900 | 3.1% |
| DT Midstream Inc(DTM) | COMMON STOCK | 23345M107 | $33.8M | 350,178 | 2.9% |
| PBF Energy Inc(PBF) | CL A | 69318G106 | $27.9M | 1,463,615 | 2.4% |
| Marathon Pete Corp(MPC) | COM | 56585A102 | $26.9M | 184,399 | 2.3% |
| Valero Energy Corp(VLO) | COM | 91913Y100 | $23.7M | 179,367 | 2.0% |
| Enbridge Inc(ENB) | COM | 29250N105 | $20.5M | 463,550 | 1.7% |
| Viper Energy Inc(VNOMUSD) | CL A | 927959106 | $15.6M | 345,141 | 1.3% |
| TC Energy Corp(TRP) | COM | 87807B107 | $10.6M | 223,890 | 0.9% |
| Exxon Mobil Corp(XOM) | COM | 30231G102 | $6.2M | 52,131 | 0.5% |
| Barrick Gold Corp(ABX) | COM | 067901108 | $5.1M | 215,128 | 0.4% |
| Newmont Corp(NEM) | COM | 651639106 | $3.7M | 76,587 | 0.3% |
| Nutrien LTD(NTR) | COM | 67077M108 | $3.6M | 50,060 | 0.3% |
| Chevron Corp New(CVX) | COM | 166764100 | $3.5M | 21,153 | 0.3% |
| Conocophillips(COP) | COM | 20825C104 | $3.5M | 33,215 | 0.3% |
| Freeport-Mcmoran Inc(FCX) | CL B | 35671D857 | $2.8M | 73,332 | 0.2% |
| Hess Corp(HES) | COM | 42809H107 | $2.7M | 17,042 | 0.2% |
| Sealed AIR Corp New(SEE) | COM | 81211K100 | $2.6M | 89,853 | 0.2% |
| Nucor Corp(NUE) | COM | 670346105 | $2.5M | 21,122 | 0.2% |
| Teck Resources LTD(TECK) | CL B | 878742204 | $2.1M | 47,097 | 0.2% |
| Halliburton Co(HAL) | COM | 406216101 | $1.8M | 72,264 | 0.2% |
| Canadian NAT RES LTD(CNQ) | COM | 136385101 | $1.8M | 59,020 | 0.2% |
| Westlake Corporation(WLK) | COM | 960413102 | $1.8M | 18,098 | 0.2% |
| Alcoa Corp(AA) | COM | 013872106 | $1.6M | 53,291 | 0.1% |
| Diamondback Energy Inc(FANG) | COM | 25278X109 | $1.5M | 9,670 | 0.1% |
| Matador RES Co(MTDR) | COM | 576485205 | $1.5M | 29,818 | 0.1% |
| Shell PLC(SHEL) | SPON ADS | 780259305 | $1.5M | 52,088 | 0.1% |
| Arcelormittal SA Luxembourg(MT) | NY REGISTRY SH | 03938L203 | $1.4M | 53,072 | 0.1% |
| United States STL Corp New(USX1) | COM | 912909108 | $1.4M | 33,176 | 0.1% |
| BHP Group LTD(BHP) | SPONSORED ADS | 088606108 | $1.3M | 27,385 | 0.1% |
| Posco Holdings Inc(PKX) | SPONSORED ADR | 693483109 | $1.2M | 24,951 | 0.1% |
| Albemarle Corp(ALB) | COM | 012653101 | $1.1M | 15,220 | 0.1% |
| Expand Energy Corporation(EXE) | COM | 165167735 | $1.1M | 9,647 | 0.1% |
| Darling Ingredients Inc(DAR) | COM | 237266101 | $995.6K | 31,870 | 0.1% |
| DOW Inc(DOW) | COM | 260557103 | $986.9K | 28,262 | 0.1% |
| Totalenergies SE(TTEN) | SPONSORED ADS | 89151E109 | $972.8K | 15,038 | 0.1% |
| RIO Tinto PLC(RIO) | SPONSORED ADR | 767204100 | $932.3K | 15,517 | 0.1% |