Q4 2024 Holdings
Filed 2025-02-05 | 160 holdings | $1.0B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| United Airlines(UAL) | COM | 910047109 | $116.3M | 1,197,794 | 11.5% |
| Southwest AIR(LUV) | COM | 844741108 | $116.2M | 3,457,661 | 11.5% |
| American Airline(AAL) | COM | 02376R102 | $115.1M | 6,604,634 | 11.4% |
| Delta AIR LI(DAL) | COM NEW | 247361702 | $111.4M | 1,841,470 | 11.0% |
| Frontier Group H(ULCC) | COM | 35909R108 | $38.2M | 5,367,750 | 3.8% |
| Jetblue Airways(JBLU) | COM | 477143101 | $37.5M | 4,765,922 | 3.7% |
| Allegiant Travel(ALGT) | COM | 01748X102 | $36.8M | 390,578 | 3.6% |
| Alaska AIR Group(ALK) | COM | 011659109 | $34.0M | 525,131 | 3.4% |
| SUN Country Hold(SNCY) | COM | 866683105 | $32.1M | 2,199,744 | 3.2% |
| Skywest Inc(SKYW) | COM | 830879102 | $30.3M | 302,238 | 3.0% |
| Boeing Co(BA) | COM | 097023105 | $23.1M | 130,416 | 2.3% |
| Tripadvisor Inc(TRIP) | COM | 896945201 | $22.8M | 1,543,056 | 2.3% |
| Expedia Group in(EXPE) | COM NEW | 30212P303 | $21.4M | 114,649 | 2.1% |
| General Dynamics(GD) | COM | 369550108 | $20.9M | 79,450 | 2.1% |
| Booking Holdings(BKNG) | COM | 09857L108 | $20.5M | 4,136 | 2.0% |
| Sabre Corp(SABR) | COM | 78573M104 | $20.5M | 5,618,937 | 2.0% |
| Textron Inc(TXT) | COM | 883203101 | $20.1M | 262,574 | 2.0% |
| Franco NEV Corp(FNV) | COM | 351858105 | $10.5M | 89,237 | 1.0% |
| Ryanair Hldg(RYAAY) | SPONSORED ADR | 783513203 | $10.3M | 235,419 | 1.0% |
| Makemytrip LTD(MMYT) | SHS | V5633W109 | $10.3M | 91,313 | 1.0% |
| Trip.com GRO(CLV) | ADS | 89677Q107 | $10.2M | 148,601 | 1.0% |
| Wheaton Precious Metals Corp(WPM) | COM | 962879102 | $10.0M | 177,481 | 1.0% |
| Royal Gold Inc(RGLD) | COM | 780287108 | $9.8M | 74,703 | 1.0% |
| Osisko Gold Royalties LTD(OREUR) | COM | 68827L101 | $7.2M | 398,013 | 0.7% |
| Alamos Gold Inc(AGI) | COM CL A | 011532108 | $5.9M | 318,500 | 0.6% |
| New Gold Inc CDA(NGD) | COM | 644535106 | $5.5M | 2,226,244 | 0.5% |
| Embraer SA(EMBJ) | SPONSORED ADS | 29082A107 | $5.4M | 145,991 | 0.5% |
| Copa Holdin(CPA) | CL A | P31076105 | $5.4M | 60,880 | 0.5% |
| Grupo Aeropo(ASR) | SPON ADR SER B | 40051E202 | $5.3M | 20,711 | 0.5% |
| Sandstorm Gold(AYS1) | COM NEW | 80013R206 | $5.1M | 909,749 | 0.5% |
| Kinross Gold Corp(KGC) | COM | 496902404 | $4.6M | 494,656 | 0.5% |
| Eldorado Gold(EGO) | COM | 284902509 | $4.0M | 270,196 | 0.4% |
| Iamgold Corp(IAG) | COM | 450913108 | $3.9M | 753,291 | 0.4% |
| VOX Royalty Corp(VOXR) | COM | 92919F103 | $3.7M | 1,600,000 | 0.4% |
| Centerra Gold in(CGAU) | COM | 152006102 | $3.7M | 644,721 | 0.4% |
| Triple Flag(TFPM) | COM | 89679M104 | $3.4M | 226,239 | 0.3% |
| Agnico Eagle Mines LTD(AEM) | COM | 008474108 | $2.9M | 37,500 | 0.3% |
| Ferrari N V(RACE) | COM | N3167Y103 | $2.9M | 6,800 | 0.3% |
| Coeur MNG Inc(CDE) | COM NEW | 192108504 | $2.8M | 481,000 | 0.3% |
| Mcewen Mining in(MUX) | COM NEW | 58039P305 | $2.6M | 328,612 | 0.3% |
| Metalla Royalty(MTA) | COM NEW | 59124U605 | $2.5M | 1,004,949 | 0.3% |
| Hecla MNG Co(HL) | COM | 422704106 | $2.5M | 500,000 | 0.2% |
| Fortuna Mining C(FSM) | COM NEW | 349942102 | $2.4M | 562,401 | 0.2% |
| Tesla Inc(TSLA) | COM | 88160R101 | $2.0M | 4,840 | 0.2% |
| Royal Caribbean Group(RCL) | COM | V7780T103 | $1.8M | 7,755 | 0.2% |
| Vizsla Silver Co(VZLA) | COM NEW | 92859G608 | $1.8M | 1,050,000 | 0.2% |
| EMX Royalty Corp(EMX) | COM | 26873J107 | $1.7M | 1,000,000 | 0.2% |
| Harmony Gold Mining Co LTD(HAM) | SPONSORED ADR | 413216300 | $1.6M | 200,000 | 0.2% |
| Cheniere Energy Inc(LNG) | COM NEW | 16411R208 | $1.6M | 7,500 | 0.2% |
| Hilton Worldwide Hldgs Inc(HLT) | COM | 43300A203 | $1.6M | 6,450 | 0.2% |