Q3 2025 Holdings
Filed 2025-11-13 | 64 holdings | $1.3B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Cenovus Energy Inc(CVE) | COM | 15135U109 | $112.4M | 6,422,579 | 8.6% |
| Energy Transfer L P(ET) | COM UT LTD PTN | 29273V100 | $85.6M | 4,986,943 | 6.6% |
| Targa RES Corp(TRGP) | COM | 87612G101 | $84.9M | 507,014 | 6.5% |
| Oneok Inc New(OKE) | COM | 682680103 | $81.4M | 1,115,396 | 6.2% |
| Suncor Energy Inc New(SU) | COM | 867224107 | $75.8M | 1,787,675 | 5.8% |
| Pembina Pipeline Corp(PBA) | COM | 706327103 | $69.0M | 1,699,083 | 5.3% |
| Phillips 66(PSX) | COM | 718546104 | $63.2M | 464,470 | 4.8% |
| Cheniere Energy Inc(LNG) | COM NEW | 16411R208 | $63.1M | 268,456 | 4.8% |
| Enterprise Prods Partners L(EPD) | COM | 293792107 | $54.3M | 1,737,572 | 4.2% |
| Marathon Pete Corp(MPC) | COM | 56585A102 | $54.1M | 280,862 | 4.2% |
| PBF Energy Inc(PBF) | CL A | 69318G106 | $53.5M | 1,772,106 | 4.1% |
| Western Midstream Partners L(WES) | COM UNIT LP INT | 958669103 | $53.3M | 1,357,697 | 4.1% |
| Williams COS Inc(WMB) | COM | 969457100 | $48.1M | 759,920 | 3.7% |
| Sunoco LP Co FIN Corp(SUN) | COM UT REP LP | 86765K109 | $46.7M | 934,137 | 3.6% |
| South BOW Corp(SOBO) | COM | 83671M105 | $45.6M | 1,605,964 | 3.5% |
| Plains GP Hldgs L P(PAGPEUR) | LTD PARTNR INT A | 72651A207 | $44.4M | 2,433,011 | 3.4% |
| Kinder Morgan Inc del(KMI) | COM | 49456B101 | $41.7M | 1,474,041 | 3.2% |
| DT Midstream Inc(DTM) | COMMON STOCK | 23345M107 | $39.8M | 352,018 | 3.1% |
| Murphy USA Inc(MUSA) | COM | 626755102 | $39.2M | 100,942 | 3.0% |
| Enbridge Inc(ENB) | COM | 29250N105 | $23.4M | 464,535 | 1.8% |
| Alliance Resource Partners L(ARLP) | UT LTD PART | 01877R108 | $16.4M | 647,283 | 1.3% |
| Viper Energy Inc(VNOM) | CL A | 64361Q101 | $13.2M | 346,017 | 1.0% |
| TC Energy Corp(TRP) | COM | 87807B107 | $12.4M | 227,111 | 0.9% |
| Barrick MNG Corp(B) | COM SHS | 06849F108 | $8.9M | 229,763 | 0.7% |
| Newmont Corp(NEM) | COM | 651639106 | $8.1M | 95,509 | 0.6% |
| Chevron Corp New(CVX) | COM | 166764100 | $6.7M | 43,063 | 0.5% |
| Exxon Mobil Corp(XOM) | COM | 30231G102 | $6.5M | 57,777 | 0.5% |
| Nutrien LTD(NTR) | COM | 67077M108 | $4.1M | 50,060 | 0.3% |
| Freeport-Mcmoran Inc(FCX) | CL B | 35671D857 | $3.5M | 89,261 | 0.3% |
| Sealed AIR Corp New(SEE) | COM | 81211K100 | $3.2M | 90,027 | 0.2% |
| Conocophillips(COP) | COM | 20825C104 | $3.1M | 33,272 | 0.2% |
| Teck Resources LTD(TECK) | CL B | 878742204 | $2.5M | 47,177 | 0.2% |
| Nucor Corp(NUE) | COM | 670346105 | $2.3M | 16,703 | 0.2% |
| Valero Energy Corp(VLO) | COM | 91913Y100 | $1.9M | 11,259 | 0.1% |
| Matador RES Co(MTDR) | COM | 576485205 | $1.9M | 42,557 | 0.1% |
| Canadian NAT RES LTD(CNQ) | COM | 136385101 | $1.9M | 59,242 | 0.1% |
| Halliburton Co(HAL) | COM | 406216101 | $1.8M | 72,448 | 0.1% |
| Alcoa Corp(AA) | COM | 013872106 | $1.8M | 53,411 | 0.1% |
| Diamondback Energy Inc(FANG) | COM | 25278X109 | $1.7M | 11,756 | 0.1% |
| Arcelormittal SA Luxembourg(MT) | NY REGISTRY SH | 03938L203 | $1.6M | 53,477 | 0.1% |
| BHP Group LTD(BHP) | SPONSORED ADS | 088606108 | $1.5M | 27,385 | 0.1% |
| Vale S A(VALE) | SPONSORED ADS | 91912E105 | $1.4M | 130,400 | 0.1% |
| Shell PLC(SHEL) | SPON ADS | 780259305 | $1.4M | 53,120 | 0.1% |
| Westlake Corporation(WLK) | COM | 960413102 | $1.4M | 18,106 | 0.1% |
| Albemarle Corp(ALB) | COM | 012653101 | $1.2M | 15,264 | 0.1% |
| Posco Holdings Inc(PKX) | SPONSORED ADR | 693483109 | $1.2M | 24,951 | 0.1% |
| Expand Energy Corporation(EXE) | COM | 165167735 | $1.0M | 9,689 | 0.1% |
| RIO Tinto PLC(RIO) | SPONSORED ADR | 767204100 | $1.0M | 15,517 | 0.1% |
| Darling Ingredients Inc(DAR) | COM | 237266101 | $930.9K | 30,154 | 0.1% |
| Crown Hldgs Inc(CCK) | COM | 228368106 | $908.5K | 9,406 | 0.1% |