Q4 2025 Holdings
Filed 2026-02-13 | 71 holdings | $1.4B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Cenovus Energy Inc(CVE) | COM | 15135U109 | $111.1M | 6,363,516 | 8.2% |
| Targa RES Corp(TRGP) | COM | 87612G101 | $97.5M | 528,546 | 7.2% |
| Energy Transfer L P(ET) | COM UT LTD PTN | 29273V100 | $88.2M | 5,351,355 | 6.5% |
| Oneok Inc New(OKE) | COM | 682680103 | $84.7M | 1,152,806 | 6.3% |
| Keycorp(KEY) | COM | 493267108 | $84.5M | 1,920,957 | 6.2% |
| Suncor Energy Inc New(SU) | COM | 867224107 | $79.2M | 1,760,388 | 5.9% |
| Phillips 66(PSX) | COM | 718546104 | $58.7M | 454,741 | 4.3% |
| Pembina Pipeline Corp(PBA) | COM | 706327103 | $57.0M | 1,490,143 | 4.2% |
| Enterprise Prods Partners L(EPD) | COM | 293792107 | $54.5M | 1,700,650 | 4.0% |
| Western Midstream Partners L(WES) | COM UNIT LP INT | 958669103 | $52.9M | 1,338,654 | 3.9% |
| Cheniere Energy Inc(LNG) | COM NEW | 16411R208 | $51.4M | 264,474 | 3.8% |
| Murphy USA Inc(MUSA) | COM | 626755102 | $47.7M | 118,606 | 3.5% |
| Plains GP Hldgs L P(PAGPEUR) | LTD PARTNR INT A | 72651A207 | $46.6M | 2,432,797 | 3.4% |
| Marathon Pete Corp(MPC) | COM | 56585A102 | $45.8M | 281,631 | 3.4% |
| Williams COS Inc(WMB) | COM | 969457100 | $45.7M | 760,627 | 3.4% |
| DT Midstream Inc(DTM) | COMMON STOCK | 23345M107 | $42.3M | 353,786 | 3.1% |
| Kinder Morgan Inc del(KMI) | COM | 49456B101 | $40.8M | 1,485,473 | 3.0% |
| South BOW Corp(SOBO) | COM | 83671M105 | $37.8M | 1,370,635 | 2.8% |
| Sunoco LP Co FIN Corp(SUN) | COM UT REP LP | 86765K109 | $35.6M | 678,623 | 2.6% |
| PBF Energy Inc(PBF) | CL A | 69318G106 | $33.9M | 1,250,915 | 2.5% |
| Viper Energy Inc(VNOM) | CL A | 64361Q101 | $27.9M | 722,615 | 2.1% |
| Enbridge Inc(ENB) | COM | 29250N105 | $22.2M | 463,219 | 1.6% |
| Barrick MNG Corp(B) | COM SHS | 06849F108 | $11.7M | 229,715 | 0.9% |
| Newmont Corp(NEM) | COM | 651639106 | $9.5M | 94,745 | 0.7% |
| Exxon Mobil Corp(XOM) | COM | 30231G102 | $6.9M | 57,400 | 0.5% |
| Chevron Corp New(CVX) | COM | 166764100 | $6.5M | 42,763 | 0.5% |
| Westlake Corporation(WLK) | COM | 960413102 | $5.6M | 75,633 | 0.4% |
| DOW Inc(DOW) | COM | 260557103 | $5.0M | 215,916 | 0.4% |
| Freeport-Mcmoran Inc(FCX) | CL B | 35671D857 | $4.5M | 87,720 | 0.3% |
| Nutrien LTD(NTR) | COM | 67077M108 | $4.2M | 50,060 | 0.3% |
| Conocophillips(COP) | COM | 20825C104 | $3.1M | 33,272 | 0.2% |
| Matador RES Co(MTDR) | COM | 576485205 | $2.9M | 67,246 | 0.2% |
| Nucor Corp(NUE) | COM | 670346105 | $2.6M | 16,215 | 0.2% |
| Lyondellbasell Industries N(LYB) | SHS - A - | N53745100 | $2.6M | 59,619 | 0.2% |
| Eastman Chem Co(EMN) | COM | 277432100 | $2.5M | 39,831 | 0.2% |
| Huntsman Corp(HUN) | COM | 447011107 | $2.5M | 246,276 | 0.2% |
| Vale S A(VALE) | SPONSORED ADS | 91912E105 | $2.4M | 187,430 | 0.2% |
| Teck Resources LTD(TECK) | CL B | 878742204 | $2.3M | 39,294 | 0.2% |
| RIO Tinto PLC(RIO) | SPONSORED ADR | 767204100 | $2.1M | 26,047 | 0.2% |
| Halliburton Co(HAL) | COM | 406216101 | $2.0M | 72,448 | 0.2% |
| Canadian NAT RES LTD(CNQ) | COM | 136385101 | $2.0M | 59,242 | 0.1% |
| Alcoa Corp(AA) | COM | 013872106 | $1.9M | 35,032 | 0.1% |
| Diamondback Energy Inc(FANG) | COM | 25278X109 | $1.8M | 11,756 | 0.1% |
| BHP Group LTD(BHP) | SPONSORED ADS | 088606108 | $1.6M | 26,071 | 0.1% |
| Shell PLC(SHEL) | SPON ADS | 780259305 | $1.5M | 53,641 | 0.1% |
| Posco Holdings Inc(PKX) | SPONSORED ADR | 693483109 | $1.3M | 24,960 | 0.1% |
| Mosaic Co New(MOS) | COM | 61945C103 | $1.3M | 52,047 | 0.1% |
| Albemarle Corp(ALB) | COM | 012653101 | $1.1M | 7,738 | 0.1% |
| Darling Ingredients Inc(DAR) | COM | 237266101 | $1.1M | 30,165 | 0.1% |
| Expand Energy Corporation(EXE) | COM | 165167735 | $1.1M | 9,689 | 0.1% |