Q2 2025 Holdings
Filed 2025-08-13 | 68 holdings | $350.7M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Star Group L P(SGU) | UNIT LTD PARTNR | 85512C105 | $39.8M | 3,400,907 | 11.3% |
| Hudson Technologies Inc(HDSN) | COM | 444144109 | $32.5M | 4,000,000 | 9.3% |
| Global Partners LP(GLP) | COM UNITS | 37946R109 | $26.8M | 508,080 | 7.6% |
| Teekay Tankers LTD(TNK) | COM | G8726X106 | $22.5M | 539,913 | 6.4% |
| JBS N.V.(JBS) | CL A SHS | N4732M103 | $22.3M | 1,522,974 | 6.3% |
| Darling Ingredients Inc(DAR) | COM | 237266101 | $21.3M | 561,452 | 6.1% |
| Expand Energy Corporation(EXE) | COM | 165167735 | $19.2M | 164,470 | 5.5% |
| Loews Corp(L) | COM | 540424108 | $14.1M | 154,350 | 4.0% |
| EQT Corp(EQT) | COM | 26884L109 | $13.8M | 236,757 | 3.9% |
| Frontline PLC(FRO) | COM | M46528101 | $11.8M | 721,100 | 3.4% |
| Methanex Corp(MEOH) | COM | 59151K108 | $8.9M | 268,939 | 2.5% |
| Warrior MET Coal Inc(HCC) | COM | 93627C101 | $8.7M | 189,698 | 2.5% |
| Coterra Energy Inc(CTRA) | COM | 127097103 | $8.2M | 324,549 | 2.3% |
| Seadrill 2021 LTD(SDRL) | COM | G7997W102 | $7.9M | 300,300 | 2.2% |
| O-I Glass Inc(OI) | COM | 67098H104 | $7.8M | 527,442 | 2.2% |
| Cameco ORD(CCJ) | COM | 13321L108 | $7.1M | 96,268 | 2.0% |
| Ovintiv Inc(OVV) | COM | 69047Q102 | $6.2M | 163,609 | 1.8% |
| Lithium Argentina AG | NOTE 1.750% 1/1 | 53680QAA6 | $6.1M | 7,289,000 | 1.7% |
| Teck Resources LTD(TECK) | CL B | 878742204 | $5.9M | 146,574 | 1.7% |
| Kosmos Energy LTD | NOTE 3.125% 3/1 | 500688AH9 | $5.7M | 8,000,000 | 1.6% |
| Targa RES Corp(TRGP) | COM | 87612G101 | $5.6M | 32,450 | 1.6% |
| Pembina Pipeline Corp(PBA) | COM | 706327103 | $5.6M | 150,000 | 1.6% |
| Precision Drilling Corp(PDS) | COM NEW | 74022D407 | $4.7M | 100,000 | 1.4% |
| Iamgold Corp(IAG) | ORD SHS | 450913108 | $4.6M | 625,000 | 1.3% |
| Vistra Corp(VST) | COM NEW | 92840M102 | $4.0M | 20,700 | 1.1% |
| Century Alum Co(CENX) | COM | 156431108 | $3.5M | 195,227 | 1.0% |
| Nvidia Corporation(NVDA) | COM | 67066G104 | $2.5M | 16,000 | 0.7% |
| Purecycle Technologies Inc | NOTE 7.250% 8/1 | 74623VAB9 | $2.5M | 2,000,000 | 0.7% |
| Schmid Group N.V. | EURO SHS CL A | N68722102 | $2.3M | 920,375 | 0.7% |
| Equinox Gold Corp(EQX) | COM | 29446Y502 | $1.9M | 322,250 | 0.5% |
| Archer Daniels Midland Co(ADM) | COM | 039483102 | $1.3M | 25,000 | 0.4% |
| Newmont Corp(NEM) | COM | 651639106 | $1.2M | 20,000 | 0.3% |
| Shell PLC(SHEL) | SPON ADS | 780259305 | $1.1M | 15,000 | 0.3% |
| Futurefuel Corp(FF) | COM | 36116M106 | $1.0M | 260,000 | 0.3% |
| Helix Energy Solutions GRP I(HLX) | COM | 42330P107 | $936.0K | 150,000 | 0.3% |
| Aspen Aerogels Inc(ASPN) | COM | 04523Y105 | $888.0K | 150,000 | 0.3% |
| Nisource Inc(NI) | COM | 65473P105 | $806.8K | 20,000 | 0.2% |
| Seadrill 2021 LTD | CALL | G7997W902 | $790.0K | 2,000 | 0.2% |
| Gulfport Energy Corp(GPOR) | COMMON SHARES | 402635502 | $663.9K | 3,300 | 0.2% |
| Endeavour Silver Corp(EXK) | COM | 29258Y103 | $619.7K | 125,698 | 0.2% |
| Core Scientific Inc New(CORZ) | COM | 21874A106 | $614.5K | 36,000 | 0.2% |
| Alcoa Corp(AA) | COM | 013872106 | $590.5K | 20,010 | 0.2% |
| Darling Ingredients IncCall | CALL | 237266901 | $581.3K | 2,500 | 0.2% |
| Mastec Inc(MTZ) | COM | 576323109 | $511.3K | 3,000 | 0.1% |
| UGI Corp New(UGI) | COM | 902681105 | $509.9K | 14,000 | 0.1% |
| Ramaco RES Inc(METC) | COM CL A | 75134P600 | $503.9K | 38,351 | 0.1% |
| Talen Energy Corp(TLN) | COM | 87422Q109 | $494.3K | 1,700 | 0.1% |
| Expand Energy CorporationCall | CALL | 165167905 | $468.9K | 401,000 | 0.1% |
| Matson IncCall | CALL | 57686G905 | $425.0K | 2,000 | 0.1% |
| Dakota Gold Corp(DC) | COM | 46655E100 | $369.0K | 100,000 | 0.1% |