Q3 2025 Holdings
Filed 2025-11-14 | 37 holdings | $167.2M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Andersons Inc(ANDE) | COM | 034164103 | $22.9M | 574,744 | 13.7% |
| Methanex Corp(MEOH) | COM | 59151K108 | $15.8M | 397,001 | 9.4% |
| Mission Produce Inc(AVO) | COM | 60510V108 | $12.9M | 1,075,619 | 7.7% |
| Bunge Global SA(BG) | COM SHS | H11356104 | $12.9M | 158,568 | 7.7% |
| Darling Ingredients Inc(DAR) | COM | 237266101 | $11.8M | 381,372 | 7.0% |
| Avient Corporation(AVNT) | COM | 05368V106 | $9.9M | 299,862 | 5.9% |
| PPG Inds Inc(PPG) | COM | 693506107 | $8.2M | 78,017 | 4.9% |
| Bunge Global SA(BG)Put | COM SHS | H11356104 | $8.1M | 100,000 | 4.9% |
| Darling Ingredients Inc(DAR)Call | COM | 237266101 | $6.2M | 200,000 | 3.7% |
| Eastman Chem Co(EMN) | COM | 277432100 | $5.0M | 79,804 | 3.0% |
| Orion S.A.(OEC) | COM | L72967109 | $4.5M | 596,031 | 2.7% |
| Westlake Corporation(WLK) | COM | 960413102 | $4.4M | 57,679 | 2.7% |
| Andersons Inc(ANDE)Call | COM | 034164103 | $4.0M | 100,000 | 2.4% |
| Element Solutions Inc(ESI) | COM | 28618M106 | $3.6M | 143,422 | 2.2% |
| Darling Ingredients Inc(DAR)Put | COM | 237266101 | $3.1M | 100,000 | 1.8% |
| Corteva Inc(CTVA) | COM | 22052L104 | $2.7M | 40,000 | 1.6% |
| MP Materials Corp(MP) | COM CL A | 553368101 | $2.7M | 40,000 | 1.6% |
| Pilgrims Pride Corp(PPC) | COM | 72147K108 | $2.6M | 65,000 | 1.6% |
| Hormel Foods Corp(HRL) | COM | 440452100 | $2.6M | 105,000 | 1.6% |
| Mission Produce Inc(AVO)Call | COM | 60510V108 | $2.4M | 200,000 | 1.4% |
| Dupont de Nemours Inc(DD) | COM | 26614N102 | $2.3M | 30,000 | 1.4% |
| AIR Prods & Chems Inc(APD) | COM | 009158106 | $2.3M | 8,495 | 1.4% |
| Orion S.A.(OEC)Call | COM | L72967109 | $2.3M | 300,000 | 1.4% |
| REX American RES Corp(REX) | COM | 761624105 | $2.2M | 71,172 | 1.3% |
| Ecolab Inc(ECL) | COM | 278865100 | $2.1M | 7,523 | 1.2% |
| Sunopta Inc(STKL) | COM | 8676EP108 | $1.9M | 325,000 | 1.1% |
| Adecoagro S A(AGRO) | COM | L00849106 | $1.6M | 198,317 | 0.9% |
| Olin Corp(OLN) | COM PAR $1 | 680665205 | $999.6K | 40,000 | 0.6% |
| CF Inds Hldgs Inc(CF) | COM | 125269100 | $897.0K | 10,000 | 0.5% |
| Fuller H B Co(FUL) | COM | 359694106 | $889.2K | 15,000 | 0.5% |
| Huntsman Corp(HUN) | COM | 447011107 | $763.3K | 85,000 | 0.5% |
| Tronox Holdings PLC(TROX) | SHS | G9087Q102 | $723.6K | 180,000 | 0.4% |
| Ingredion Inc(INGR) | COM | 457187102 | $610.6K | 5,000 | 0.4% |
| Axalta Coating SYS LTD(AXTA) | COM | G0750C108 | $500.9K | 17,500 | 0.3% |
| International Flavors&fragra(IFF) | COM | 459506101 | $407.0K | 6,614 | 0.2% |
| Celanese Corp del(CE) | COM | 150870103 | $315.6K | 7,500 | 0.2% |
| CNH Indl N V(CNH) | SHS | N20944109 | $80.0K | 80,000 | 0.0% |