Q3 2025 Holdings
Filed 2025-11-13 | 79 holdings | $290.8M | 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 | $40.2M | 3,400,907 | 13.8% |
| Hudson Technologies Inc(HDSN) | COM | 444144109 | $37.7M | 3,800,000 | 13.0% |
| Global Partners LP(GLP) | COM UNITS | 37946R109 | $24.4M | 508,080 | 8.4% |
| Teekay Tankers LTD(TNK) | CL A | G8726X106 | $20.3M | 402,461 | 7.0% |
| Halliburton Co(HAL) | COM | 406216101 | $11.6M | 472,000 | 4.0% |
| Expand Energy Corporation(EXE) | COM | 165167735 | $11.5M | 107,964 | 3.9% |
| JBS N.V.(JBS) | CL A SHS | N4732M103 | $11.0M | 736,441 | 3.8% |
| United STS Oil FD LP(USO) | UNITS | 91232N207 | $9.2M | 125,000 | 3.2% |
| Iamgold Corp(IAG) | COM | 450913108 | $8.6M | 663,119 | 2.9% |
| Century Alum Co(CENX) | COM | 156431108 | $6.4M | 217,765 | 2.2% |
| Darling Ingredients Inc(DAR) | COM | 237266101 | $6.2M | 199,448 | 2.1% |
| Digitalbridge Group Inc(DBRG) | CL A NEW | 25401T603 | $5.8M | 492,701 | 2.0% |
| Precision Drilling Corp(PDS) | COM NEW | 74022D407 | $5.6M | 100,000 | 1.9% |
| Loews Corp(L) | COM | 540424108 | $5.6M | 55,760 | 1.9% |
| Methanex Corp(MEOH) | COM | 59151K108 | $5.3M | 134,470 | 1.8% |
| O-I Glass Inc(OI) | COM | 67098H104 | $5.2M | 404,346 | 1.8% |
| Xcel Energy Inc(XEL) | COM | 98389B100 | $5.1M | 63,000 | 1.7% |
| Nvidia Corporation(NVDA) | COM | 67066G104 | $4.8M | 25,500 | 1.6% |
| Talen Energy Corp(TLN) | COM | 87422Q109 | $4.7M | 11,000 | 1.6% |
| Danaos Corporation(DAC) | SHS | Y1968P121 | $4.1M | 45,150 | 1.4% |
| Bunge Global SA(BG) | COM SHS | H11356104 | $3.7M | 45,000 | 1.3% |
| Excelerate Energy Inc(EE) | CL A COM | 30069T101 | $3.5M | 138,091 | 1.2% |
| Generac Hldgs Inc(GNRC) | COM | 368736104 | $3.0M | 18,000 | 1.0% |
| New Gold Inc CDA(NGD) | COM | 644535106 | $2.9M | 408,532 | 1.0% |
| Sibanye Stillwater LTD(SBSW) | SPONSORED ADR | 82575P107 | $2.7M | 238,750 | 0.9% |
| Hafnia LTD(HAFN) | SHS | Y2990R101 | $2.6M | 441,100 | 0.9% |
| Barrick MNG Corp(B) | COM SHS | 06849F108 | $2.5M | 75,000 | 0.8% |
| Newmont Corp(NEM) | COM | 651639106 | $2.4M | 29,051 | 0.8% |
| Endeavour Silver Corp(EXK) | COM | 29258Y103 | $2.2M | 275,298 | 0.7% |
| Matador RES Co(MTDR) | COM | 576485205 | $2.0M | 44,970 | 0.7% |
| Cenovus Energy Inc(CVE) | COM | 15135U109 | $1.9M | 112,500 | 0.7% |
| Schmid Group N.V. | EURO SHS CL A | N68722102 | $1.8M | 904,460 | 0.6% |
| Evergy Inc(EVRG) | COM | 30034W106 | $1.7M | 22,000 | 0.6% |
| Devon Energy Corp New(DVN) | COM | 25179M103 | $1.5M | 43,000 | 0.5% |
| Century Alum CoCall | CALL | 156431908 | $1.3M | 3,000 | 0.4% |
| Equinox Gold Corp(EQX) | COM | 29446Y502 | $1.1M | 100,000 | 0.4% |
| BWX Technologies Inc(BWXT) | COM | 05605H100 | $1.1M | 6,000 | 0.4% |
| Freeport-Mcmoran Inc(FCX) | CL B | 35671D857 | $1.1M | 28,000 | 0.4% |
| Shell PLC(SHEL) | SPON ADS | 780259305 | $1.1M | 15,000 | 0.4% |
| Hudbay Minerals Inc(HBM) | COM | 443628102 | $1.1M | 70,000 | 0.4% |
| Futurefuel Corp(FF) | COM | 36116M106 | $1.0M | 260,000 | 0.3% |
| Targa RES Corp(TRGP) | COM | 87612G101 | $996.9K | 5,950 | 0.3% |
| Cadiz Inc(CDZI) | COM NEW | 127537207 | $944.0K | 200,000 | 0.3% |
| UGI Corp New(UGI) | COM | 902681105 | $931.3K | 28,000 | 0.3% |
| Dakota Gold Corp(DC) | COM | 46655E100 | $923.7K | 203,002 | 0.3% |
| Alcoa Corp(AA) | COM | 013872106 | $822.3K | 25,000 | 0.3% |
| Meta Platforms Inc(META) | CL A | 30303M102 | $807.8K | 1,100 | 0.3% |
| Centerra Gold Inc(CGAU) | COM | 152006102 | $749.8K | 70,000 | 0.3% |
| American Axle & MFG Hldgs in(DCH) | COM | 024061103 | $610.7K | 101,622 | 0.2% |
| NRG Energy Inc(NRG) | COM | 629377508 | $566.8K | 3,500 | 0.2% |