Q1 2025 Holdings
Filed 2025-05-06 | 91 holdings | $601.7M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Canadian Natural Resources LTD(CNQ) | COM | 136385101 | $95.2M | 3,090,334 | 15.8% |
| Expand Energy Corp(EXE) | COM | 165167735 | $89.1M | 800,000 | 14.8% |
| EQT Corp(EQT) | COM | 26884L109 | $80.1M | 1,500,000 | 13.3% |
| Veren Inc(016) | COM | 92340V107 | $57.6M | 8,697,546 | 9.6% |
| Spdr S&P 500 ETFPut | PUT | 78462F953 | $32.2M | 57,500 | 5.3% |
| Spdr S&P 500 ETF(SPY) | COM | 78462F103 | $30.7M | 54,900 | 5.1% |
| Antero Resources Corp(AR) | COM | 03674X106 | $20.2M | 500,000 | 3.4% |
| Cenovus Energy Inc(CVE) | COM | 15135U109 | $13.9M | 1,000,000 | 2.3% |
| Chord Energy Corp(CHRD) | COM | 674215207 | $12.4M | 110,000 | 2.1% |
| Greenfire Resources LTD(GFR) | COM | 39525U107 | $11.7M | 2,000,000 | 2.0% |
| Agnico Eagle Mines LTD(AEM) | COM | 008474108 | $6.9M | 63,677 | 1.1% |
| Kinross Gold Corp(KGC) | COM | 496902404 | $6.7M | 531,820 | 1.1% |
| Baytex Energy Corp(BTE) | COM | 07317Q105 | $6.2M | 2,800,000 | 1.0% |
| Alamos Gold Inc Class A(ALG) | COM | 011311107 | $6.2M | 230,000 | 1.0% |
| Northern Oil and Gas Inc(NOG) | COM | 665531307 | $6.0M | 200,000 | 1.0% |
| Civitas Resources Inc(CIVI) | COM | 17888H103 | $5.9M | 170,000 | 1.0% |
| Permian Resources Corp Class A(PR) | COM | 71424F105 | $5.5M | 400,000 | 0.9% |
| Enbridge Inc(ENB) | COM | 29250N105 | $4.7M | 105,389 | 0.8% |
| Viper Energy Inc Class A(VNOMUSD) | COM | 927959106 | $4.5M | 100,000 | 0.8% |
| Devon Energy Corp(DVN) | COM | 25179M103 | $3.7M | 100,000 | 0.6% |
| SUN Life Financial Inc(SLF) | COM | 866796105 | $3.6M | 62,925 | 0.6% |
| Collective Mining LTD(CNL) | COM | 19425C100 | $3.6M | 410,000 | 0.6% |
| Manulife Financial Corp(MFC) | COM | 56501R106 | $3.2M | 104,114 | 0.5% |
| Fortis Inc(FTS) | COM | 349553107 | $3.1M | 68,420 | 0.5% |
| Suncor Energy Inc(SU) | COM | 867224107 | $3.0M | 76,695 | 0.5% |
| Royal Bank of Canada(RY) | COM | 780087102 | $2.9M | 26,135 | 0.5% |
| Telus Corp(TU) | COM | 87971M103 | $2.9M | 198,927 | 0.5% |
| Canadian Imperial Bank of Commerce(CM) | COM | 136069101 | $2.8M | 50,209 | 0.5% |
| Vizsla Silver Corp(VZLA) | COM | 92859G608 | $2.7M | 1,168,925 | 0.4% |
| Iamgold Corp(IAG) | COM | 450913108 | $2.6M | 418,900 | 0.4% |
| American Tower Corp(AMT) | COM | 03027X100 | $2.6M | 11,742 | 0.4% |
| Microsoft Corp(MSFT) | COM | 594918104 | $2.4M | 6,380 | 0.4% |
| Waste Connections Inc(WCN) | COM | 94106B101 | $2.3M | 11,970 | 0.4% |
| TC Energy Corp(TRP) | COM | 87807B107 | $2.1M | 44,738 | 0.4% |
| Freeport Mcmoran Inc(FCX) | COM | 35671D857 | $2.1M | 55,000 | 0.3% |
| Cameco Corp(CCJ) | COM | 13321L108 | $2.1M | 50,000 | 0.3% |
| Wheaton Precious Metals Corp(WPM) | COM | 962879102 | $1.9M | 24,391 | 0.3% |
| SBA Communications(SBAC) | COM | 78410G104 | $1.9M | 8,489 | 0.3% |
| Nvidia Corp(NVDA) | COM | 67066G104 | $1.8M | 17,033 | 0.3% |
| Union Pacific Corp(UNP) | COM | 907818108 | $1.8M | 7,807 | 0.3% |
| Nexgen Energy LTD(NXE) | COM | 65340P106 | $1.7M | 380,000 | 0.3% |
| Cheniere Energy Inc(LNG) | COM | 16411R208 | $1.6M | 6,753 | 0.3% |
| Nisource Inc(NI) | COM | 65473P105 | $1.6M | 38,901 | 0.3% |
| Targa Resources Corp(TRGP) | COM | 87612G101 | $1.5M | 7,691 | 0.3% |
| Talen Energy Corp(TLN) | COM | 87422Q109 | $1.5M | 7,478 | 0.2% |
| Duke Energy Corp(DUK) | COM | 26441C204 | $1.5M | 12,055 | 0.2% |
| Energy Transfer(ET) | COM | 29273V100 | $1.5M | 78,832 | 0.2% |
| CMS Energy Corp(CMS) | COM | 125896100 | $1.5M | 19,440 | 0.2% |
| American Electric Power Inc(AEP) | COM | 025537101 | $1.4M | 13,204 | 0.2% |
| Southern Company(SO) | COM | 842587107 | $1.4M | 15,557 | 0.2% |