Q2 2025 Holdings
Filed 2025-08-14 | 39 holdings | $1.9B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Antero Resources Corp(AR) | COM | 03674X106 | $328.5M | 8,156,134 | 17.1% |
| EQT Corp(EQT) | COM | 26884L109 | $159.0M | 2,726,585 | 8.3% |
| Noble Corp PLC(NE) | ORD SHS A | G65431127 | $137.6M | 5,184,346 | 7.2% |
| Tenaris S A(TS) | SPONSORED ADS | 88031M109 | $115.4M | 3,086,075 | 6.0% |
| Chord Energy Corporation(CHRD) | COM NEW | 674215207 | $99.9M | 1,031,973 | 5.2% |
| Civitas Resources Inc(CIVI) | COM NEW | 17888H103 | $99.8M | 3,624,971 | 5.2% |
| Talos Energy Inc(TALO) | COM | 87484T108 | $94.9M | 11,193,177 | 4.9% |
| California RES Corp(CRC) | COM STOCK | 13057Q305 | $91.4M | 2,000,649 | 4.8% |
| Alcoa Corp(AA) | COM | 013872106 | $86.6M | 2,933,160 | 4.5% |
| Fluor Corp New(FLR) | COM | 343412102 | $85.3M | 1,664,266 | 4.4% |
| Patterson-Uti Energy Inc(PTEN) | COM | 703481101 | $81.9M | 13,803,775 | 4.3% |
| Devon Energy Corp New(DVN) | COM | 25179M103 | $55.7M | 1,751,276 | 2.9% |
| Propetro Hldg Corp(PUMP) | COM | 74347M108 | $50.2M | 8,408,391 | 2.6% |
| Oneok Inc New(OKE) | COM | 682680103 | $44.4M | 544,474 | 2.3% |
| Cameco Corp(CCJ) | COM | 13321L108 | $43.2M | 582,535 | 2.3% |
| PG&E Corp(PCG) | COM | 69331C108 | $31.9M | 2,284,874 | 1.7% |
| Permian Resources Corp(PR) | CLASS A COM | 71424F105 | $28.4M | 2,085,228 | 1.5% |
| Peabody Energy Corp(BTU) | COM | 704551100 | $28.1M | 2,093,276 | 1.5% |
| Century Alum Co(CENX) | COM | 156431108 | $25.7M | 1,424,088 | 1.3% |
| Cheniere Energy Inc(LNG) | COM NEW | 16411R208 | $24.7M | 101,509 | 1.3% |
| Liberty Energy Inc(LBRT) | COM CL A | 53115L104 | $23.7M | 2,060,407 | 1.2% |
| Coterra Energy Inc(CTRA) | COM | 127097103 | $21.8M | 858,828 | 1.1% |
| UGI Corp New(UGI) | COM | 902681105 | $20.6M | 564,607 | 1.1% |
| DT Midstream Inc(DTM) | COMMON STOCK | 23345M107 | $17.7M | 160,591 | 0.9% |
| TC Energy Corp(TRP) | COM | 87807B107 | $15.1M | 309,400 | 0.8% |
| Spire Inc(SR) | COM | 84857L101 | $13.0M | 178,762 | 0.7% |
| Range RES Corp(RRC) | COM | 75281A109 | $12.6M | 309,000 | 0.7% |
| Venture Global Inc(VG) | COM CL A | 92333F101 | $12.3M | 789,208 | 0.6% |
| Kinder Morgan Inc del(KMI) | COM | 49456B101 | $12.1M | 412,300 | 0.6% |
| Xcel Energy Inc(XEL) | COM | 98389B100 | $9.6M | 141,658 | 0.5% |
| Freeport-Mcmoran Inc(FCX) | CL B | 35671D857 | $9.5M | 220,000 | 0.5% |
| Southwest Gas Hldgs Inc(SWX) | COM | 844895102 | $8.9M | 120,207 | 0.5% |
| Golar LNG LTD(GLNG) | SHS | G9456A100 | $7.3M | 178,149 | 0.4% |
| Kodiak Gas Svcs Inc(KGS) | COM | 50012A108 | $6.2M | 181,237 | 0.3% |
| CMS Energy Corp(CMS) | COM | 125896100 | $5.0M | 72,700 | 0.3% |
| Halliburton Co(HAL) | COM | 406216101 | $4.1M | 200,000 | 0.2% |
| Helix Energy Solutions GRP I(HLX) | COM | 42330P107 | $2.3M | 363,347 | 0.1% |
| Spdr Series Trust(XOP) | S&P OILGAS EXP | 78468R556 | $2.3M | 17,951 | 0.1% |
| Excelerate Energy Inc(EE) | CL A COM | 30069T101 | $1.2M | 40,000 | 0.1% |