Q2 2025 Holdings
Filed 2025-08-14 | 64 holdings | $1.2B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Cenovus Energy Inc(CVE) | COM | 15135U109 | $88.1M | 6,300,950 | 7.1% |
| Energy Transfer L P(ET) | COM UT LTD PTN | 29273V100 | $86.9M | 4,792,806 | 7.0% |
| Oneok Inc New(OKE) | COM | 682680103 | $77.4M | 948,758 | 6.3% |
| Targa RES Corp(TRGP) | COM | 87612G101 | $75.9M | 435,891 | 6.1% |
| Cheniere Energy Inc(LNG) | COM NEW | 16411R208 | $75.8M | 311,278 | 6.1% |
| Pembina Pipeline Corp(PBA) | COM | 706327103 | $69.7M | 1,851,164 | 5.6% |
| Suncor Energy Inc New(SU) | COM | 867224107 | $68.0M | 1,791,431 | 5.5% |
| Phillips 66(PSX) | COM | 718546104 | $55.7M | 466,980 | 4.5% |
| Enterprise Prods Partners L(EPD) | COM | 293792107 | $54.0M | 1,740,189 | 4.4% |
| Plains GP Hldgs L P(PAGPEUR) | LTD PARTNR INT A | 72651A207 | $52.6M | 2,704,194 | 4.3% |
| Western Midstream Partners L(WES) | COM UNIT LP INT | 958669103 | $52.6M | 1,358,380 | 4.3% |
| PBF Energy Inc(PBF) | CL A | 69318G106 | $51.7M | 2,387,824 | 4.2% |
| Sunoco LP Co FIN Corp(SUN) | COM UT REP LP | 86765K109 | $50.0M | 933,586 | 4.0% |
| Williams COS Inc(WMB) | COM | 969457100 | $47.9M | 761,885 | 3.9% |
| Marathon Pete Corp(MPC) | COM | 56585A102 | $46.6M | 280,551 | 3.8% |
| Kinder Morgan Inc del(KMI) | COM | 49456B101 | $43.6M | 1,484,654 | 3.5% |
| South BOW Corp(SOBO) | COM | 83671M105 | $41.7M | 1,604,864 | 3.4% |
| DT Midstream Inc(DTM) | COMMON STOCK | 23345M107 | $38.6M | 350,928 | 3.1% |
| Valero Energy Corp(VLO) | COM | 91913Y100 | $24.1M | 179,654 | 2.0% |
| Enbridge Inc(ENB) | COM | 29250N105 | $21.0M | 464,099 | 1.7% |
| Alliance Resource Partners L(ARLP) | UT LTD PART | 01877R108 | $17.2M | 656,855 | 1.4% |
| Viper Energy Inc(VNOMUSD) | CL A | 927959106 | $13.2M | 345,748 | 1.1% |
| TC Energy Corp(TRP) | COM | 87807B107 | $11.0M | 224,854 | 0.9% |
| Exxon Mobil Corp(XOM) | COM | 30231G102 | $6.2M | 57,766 | 0.5% |
| Newmont Corp(NEM) | COM | 651639106 | $5.6M | 95,509 | 0.5% |
| Barrick MNG Corp(B) | COM SHS | 06849F108 | $5.3M | 215,805 | 0.4% |
| Nutrien LTD(NTR) | COM | 67077M108 | $4.0M | 50,060 | 0.3% |
| Freeport-Mcmoran Inc(FCX) | CL B | 35671D857 | $3.9M | 89,261 | 0.3% |
| Chevron Corp New(CVX) | COM | 166764100 | $3.0M | 21,224 | 0.2% |
| Conocophillips(COP) | COM | 20825C104 | $3.0M | 33,272 | 0.2% |
| Hess Corp(HES) | COM | 42809H107 | $3.0M | 21,308 | 0.2% |
| Sealed AIR Corp New(SEE) | COM | 81211K100 | $2.8M | 90,027 | 0.2% |
| Nucor Corp(NUE) | COM | 670346105 | $2.7M | 21,122 | 0.2% |
| Teck Resources LTD(TECK) | CL B | 878742204 | $2.3M | 47,177 | 0.2% |
| Matador RES Co(MTDR) | COM | 576485205 | $2.0M | 42,546 | 0.2% |
| Canadian NAT RES LTD(CNQ) | COM | 136385101 | $1.9M | 59,242 | 0.2% |
| Diamondback Energy Inc(FANG) | COM | 25278X109 | $1.6M | 11,756 | 0.1% |
| Alcoa Corp(AA) | COM | 013872106 | $1.6M | 53,411 | 0.1% |
| Halliburton Co(HAL) | COM | 406216101 | $1.5M | 72,448 | 0.1% |
| Arcelormittal SA Luxembourg(MT) | NY REGISTRY SH | 03938L203 | $1.4M | 53,477 | 0.1% |
| Westlake Corporation(WLK) | COM | 960413102 | $1.4M | 18,104 | 0.1% |
| Shell PLC(SHEL) | SPON ADS | 780259305 | $1.3M | 52,591 | 0.1% |
| BHP Group LTD(BHP) | SPONSORED ADS | 088606108 | $1.3M | 27,385 | 0.1% |
| Darling Ingredients Inc(DAR) | COM | 237266101 | $1.2M | 32,152 | 0.1% |
| Posco Holdings Inc(PKX) | SPONSORED ADR | 693483109 | $1.2M | 24,951 | 0.1% |
| Expand Energy Corporation(EXE) | COM | 165167735 | $1.1M | 9,689 | 0.1% |
| Vistra Corp(VST) | COM | 92840M102 | $983.8K | 5,076 | 0.1% |
| Vale S A(VALE) | SPONSORED ADS | 91912E105 | $974.7K | 100,377 | 0.1% |
| Crown Hldgs Inc(CCK) | COM | 228368106 | $968.6K | 9,406 | 0.1% |
| Albemarle Corp(ALB) | COM | 012653101 | $957.5K | 15,278 | 0.1% |