Q2 2025 Holdings
Filed 2025-08-05 | 87 holdings | $607.4M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Expand Energy Corp(EXE) | COM | 165167735 | $93.6M | 800,000 | 15.4% |
| EQT Corp(EQT) | COM | 26884L109 | $93.3M | 1,600,000 | 15.4% |
| Range Resources Corp(RRC) | COM | 75281A109 | $61.0M | 1,500,000 | 10.0% |
| Antero Resources Corp(AR) | COM | 03674X106 | $56.4M | 1,400,000 | 9.3% |
| Ishares 20 YR TR BD ETFPut | PUT | 464287952 | $53.0M | 600,000 | 8.7% |
| Spdr S&P 500Put | PUT | 78462F953 | $37.7M | 61,000 | 6.2% |
| Spdr S&P 500(SPY) | COM | 78462F103 | $32.3M | 52,200 | 5.3% |
| Alamos Gold Inc Class A(ALG) | COM | 011311107 | $8.8M | 330,000 | 1.4% |
| Kinross Gold Corp(KGC) | COM | 496902404 | $8.3M | 531,820 | 1.4% |
| Cenovus Energy Inc(CVE) | COM | 15135U109 | $8.2M | 600,000 | 1.3% |
| South BOW Corp(SOBO) | COM | 83671M105 | $7.8M | 300,000 | 1.3% |
| Agnico Eagle Mines LTD(AEM) | COM | 008474108 | $7.6M | 63,677 | 1.2% |
| Chord Energy Corp(CHRD) | COM | 674215207 | $4.8M | 50,000 | 0.8% |
| Permian Resources Corp Class A(PR) | COM | 71424F105 | $4.8M | 350,000 | 0.8% |
| Enbridge Inc(ENB) | COM | 29250N105 | $4.7M | 103,359 | 0.8% |
| Northern Oil and Gas Inc(NOG) | COM | 665531307 | $4.3M | 150,000 | 0.7% |
| Collective Mining LTD(CNL) | COM | 19425C100 | $4.2M | 385,000 | 0.7% |
| Vizsla Silver Corp(VZLA) | COM | 92859G608 | $4.1M | 1,401,925 | 0.7% |
| Manulife Financial Corp(MFC) | COM | 56501R106 | $4.0M | 125,790 | 0.7% |
| Viper Energy Inc Class A(VNOMUSD) | COM | 927959106 | $3.8M | 100,000 | 0.6% |
| Cameco Corp(CCJ) | COM | 13321L108 | $3.7M | 50,000 | 0.6% |
| Canadian Imperial Bank of Commerce(CM) | COM | 136069101 | $3.5M | 48,855 | 0.6% |
| Royal Bank of Canada(RY) | COM | 780087102 | $3.4M | 26,061 | 0.6% |
| Nvidia Corp(NVDA) | COM | 67066G104 | $3.3M | 21,106 | 0.5% |
| SUN Life Financial Inc(SLF) | COM | 866796105 | $3.2M | 48,653 | 0.5% |
| Microsoft Corp(MSFT) | COM | 594918104 | $3.2M | 6,396 | 0.5% |
| Telus Corp(TU) | COM | 87971M103 | $3.1M | 191,881 | 0.5% |
| Iamgold Corp(IAG) | COM | 450913108 | $3.1M | 418,900 | 0.5% |
| Suncor Energy Inc(SU) | COM | 867224107 | $3.0M | 80,995 | 0.5% |
| Fortis Inc(FTS) | COM | 349553107 | $2.9M | 61,034 | 0.5% |
| Canadian Natural Resources LTD(CNQ) | COM | 136385101 | $2.8M | 90,334 | 0.5% |
| Nexgen Energy LTD(NXE) | COM | 65340P106 | $2.6M | 380,000 | 0.4% |
| Freeport Mcmoran Inc(FCX) | COM | 35671D857 | $2.6M | 60,000 | 0.4% |
| American Tower Corp(AMT) | COM | 03027X100 | $2.6M | 11,742 | 0.4% |
| Waste Connections Inc(WCN) | COM | 94106B101 | $2.2M | 11,970 | 0.4% |
| Wheaton Precious Metals Corp(WPM) | COM | 962879102 | $2.2M | 24,391 | 0.4% |
| TC Energy Corp(TRP) | COM | 87807B107 | $2.2M | 44,738 | 0.4% |
| Coinbase Global Inc Class A(COIN) | COM | 19260Q107 | $2.2M | 6,170 | 0.4% |
| Union Pacific Corp(UNP) | COM | 907818108 | $2.0M | 8,681 | 0.3% |
| SBA Communications(SBAC) | COM | 78410G104 | $2.0M | 8,489 | 0.3% |
| Talen Energy Corp(TLN) | COM | 87422Q109 | $1.9M | 6,649 | 0.3% |
| Constellation Energy Corp(CEG) | COM | 21037T109 | $1.8M | 5,430 | 0.3% |
| Broadcom Inc(AVGO) | COM | 11135F101 | $1.7M | 6,044 | 0.3% |
| Targa Resources Corp(TRGP) | COM | 87612G101 | $1.5M | 8,814 | 0.3% |
| Cheniere Energy Inc(LNG) | COM | 16411R208 | $1.5M | 6,291 | 0.3% |
| Canadian Pacific Kansas City LTD(CP) | COM | 13646K108 | $1.5M | 19,165 | 0.3% |
| Duke Energy Corp(DUK) | COM | 26441C204 | $1.5M | 12,573 | 0.2% |
| American Electric Power Inc(AEP) | COM | 025537101 | $1.5M | 14,288 | 0.2% |
| PPL Corp(PPL) | COM | 69351T106 | $1.5M | 43,164 | 0.2% |
| Nisource Inc(NI) | COM | 65473P105 | $1.5M | 36,066 | 0.2% |