Q1 2026 Holdings
Filed 2026-08-11 | 149 holdings | $1.4B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Spdr S&P 500 ETFPut | PUT | 78462F953 | $549.9M | 845,500 | 39.3% |
| Suncor Energy Inc(SU) | COM | 867224107 | $131.0M | 1,981,119 | 9.4% |
| Cenovus Energy(CVE) | COM | 15135U109 | $119.0M | 4,500,000 | 8.5% |
| Transocean LTD(RIG) | COM | H8817H100 | $46.4M | 7,000,000 | 3.3% |
| PAR Pacific Holdings Inc(PARR) | COM | 69888T207 | $34.5M | 550,000 | 2.5% |
| Cameco Corp(CCJ) | COM | 13321L108 | $31.4M | 289,310 | 2.2% |
| Spdr S&P 500 ETF(SPY) | COM | 78462F103 | $29.9M | 46,000 | 2.1% |
| Kinross Gold Corp(KGC) | COM | 496902404 | $23.6M | 773,741 | 1.7% |
| Hycroft Mining Holding Class A(HYMC) | COM | 44862P208 | $22.5M | 638,008 | 1.6% |
| Canadian National Railway(CNI) | COM | 136375102 | $21.2M | 206,330 | 1.5% |
| Shopify Inc CLA(SHOP) | COM | 82509L107 | $20.9M | 176,230 | 1.5% |
| Enbridge Inc(ENB) | COM | 29250N105 | $20.3M | 374,782 | 1.4% |
| Royal Bank of Canada(RY) | COM | 780087102 | $16.4M | 101,217 | 1.2% |
| Toronto Dominion(TD) | COM | 891160509 | $16.2M | 173,330 | 1.2% |
| Wheaton Precious Metals Corp(WPM) | COM | 962879102 | $15.3M | 116,575 | 1.1% |
| Barrick Mining Corp(B) | COM | 06849F108 | $14.0M | 342,082 | 1.0% |
| Agnico Eagle Mines LTD(AEM) | COM | 008474108 | $13.9M | 68,695 | 1.0% |
| Alamos Gold Inc Class A(AGI) | COM | 011532108 | $13.3M | 298,466 | 0.9% |
| BCE Inc(BCE) | COM | 05534B760 | $12.3M | 488,489 | 0.9% |
| Coeur Mining Inc(CDE) | COM | 192108504 | $12.3M | 654,243 | 0.9% |
| Canadian Natural Resources LTD(CNQ) | COM | 136385101 | $11.5M | 236,067 | 0.8% |
| Vizsla Silver Corp(VZLA) | COM | 92859G608 | $11.3M | 3,410,000 | 0.8% |
| Viper Energy Inc Class A(VNOM) | COM | 64361Q101 | $9.4M | 200,000 | 0.7% |
| PAN American Silver Corp(PAAS) | COM | 697900108 | $8.8M | 161,306 | 0.6% |
| South BOW Corp(SOBO) | COM | 83671M105 | $8.3M | 250,000 | 0.6% |
| Iamgold Corp(IAG) | COM | 450913108 | $7.9M | 418,900 | 0.6% |
| Anglogold Ashanti PLC(AU) | COM | G0378L100 | $7.3M | 74,516 | 0.5% |
| Contango Silver and Gold Inc(CTGO) | COM | 21077F100 | $6.8M | 361,899 | 0.5% |
| Hecla Mining(HL) | COM | 422704106 | $6.7M | 358,600 | 0.5% |
| Collective Mining LTD(CNL) | COM | 19425C100 | $6.4M | 366,100 | 0.5% |
| TC Energy Corp(TRP) | COM | 87807B107 | $5.3M | 84,031 | 0.4% |
| Frontline PLC(FRO) | COM | M46528101 | $5.2M | 150,000 | 0.4% |
| Canadian Pacific Kansas City LTD(CP) | COM | 13646K108 | $4.9M | 62,307 | 0.3% |
| Viper Energy Inc Class APut | PUT | 64361Q951 | $4.7M | 100,000 | 0.3% |
| Buenaventura(BVN) | COM | 204448104 | $4.5M | 125,466 | 0.3% |
| Nexgen Energy LTD(NXE) | COM | 65340P106 | $4.1M | 355,000 | 0.3% |
| Canadian Imperial Bank of Commerce(CM) | COM | 136069101 | $3.8M | 40,289 | 0.3% |
| Orla Mining LTD(ORLA) | COM | 68634K106 | $3.6M | 222,500 | 0.3% |
| Nvidia Corp(NVDA) | COM | 67066G104 | $3.2M | 18,579 | 0.2% |
| Fortis Inc(FTS) | COM | 349553107 | $3.2M | 56,996 | 0.2% |
| Taiwan Semiconductor Manufacturing(TSM) | COM | 874039100 | $3.1M | 9,066 | 0.2% |
| Brookfield Infrastructure Partners(BIP) | COM | G16252101 | $3.1M | 84,571 | 0.2% |
| Mastec Inc(MTZ) | COM | 576323109 | $3.0M | 9,334 | 0.2% |
| Freeport Mcmoran Inc(FCX) | COM | 35671D857 | $2.9M | 50,107 | 0.2% |
| Walmart Inc(WMT) | COM | 931142103 | $2.5M | 20,357 | 0.2% |
| Corning Inc(GLW) | COM | 219350105 | $2.4M | 17,991 | 0.2% |
| Newmont(NEM) | COM | 651639106 | $2.2M | 19,930 | 0.2% |
| Alphabet Inc Class A(GOOGL) | COM | 02079K305 | $2.1M | 7,453 | 0.2% |
| Costco Wholesale Corp(COST) | COM | 22160K105 | $2.1M | 2,132 | 0.2% |
| Union Pacific Corp(UNP) | COM | 907818108 | $2.1M | 8,629 | 0.1% |