Q4 2025 Holdings
Filed 2026-02-13 | 62 holdings | $206.1M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Spdr S&P 500 ETF TR(SPY)Put | TR UNIT | 78462F103 | $68.2M | 100,000 | 33.1% |
| Star Bulk Carriers Corp.(SBLK) | SHS PAR | Y8162K204 | $6.9M | 361,191 | 3.4% |
| JBG Smith Pptys(JBGS) | COM | 46590V100 | $6.6M | 385,463 | 3.2% |
| Warrior MET Coal Inc(HCC) | COM | 93627C101 | $6.5M | 74,184 | 3.2% |
| Terawulf Inc(WULF) | COM | 88080T104 | $6.5M | 565,928 | 3.2% |
| Core Natural Resources Inc(CNR) | COM SHS | 218937100 | $6.0M | 68,143 | 2.9% |
| International Seaways Inc(INSW) | COM | Y41053102 | $6.0M | 123,827 | 2.9% |
| Nexpoint Residential TR Inc(NXRT) | COM | 65341D102 | $5.2M | 173,438 | 2.5% |
| Genco Shipping & Trading LTD(GNK) | SHS | Y2685T131 | $5.2M | 281,246 | 2.5% |
| Navios Maritime Partners L P(NMM) | COM UNIT LPI | Y62267409 | $5.0M | 95,884 | 2.4% |
| Torm PLC(TRMD) | SHS CL A | G89479102 | $4.8M | 245,902 | 2.3% |
| Tidewater Inc New(TDW) | COM | 88642R109 | $4.5M | 89,546 | 2.2% |
| First Ctzns Bancshares Inc D(FCNCA) | CL A | 31946M103 | $4.5M | 2,105 | 2.2% |
| Star Bulk Carriers Corp.(SBLK)Call | SHS PAR | Y8162K204 | $4.3M | 222,900 | 2.1% |
| Century Alum Co(CENX) | COM | 156431108 | $4.2M | 107,056 | 2.0% |
| Garrett Motion Inc(GTX) | COM | 366505105 | $3.9M | 225,971 | 1.9% |
| Ardmore Shipping Corp(ASC) | COM | Y0207T100 | $3.9M | 366,141 | 1.9% |
| Nebius Group N.V.(NBIS) | SHS CLASS A | N97284108 | $3.7M | 44,276 | 1.8% |
| HUT 8 Corp(HUT) | COM | 44812J104 | $3.5M | 75,942 | 1.7% |
| Core Scientific Inc New(CORZ) | COM | 21874A106 | $3.2M | 221,872 | 1.6% |
| Sherwin Williams Co(SHW) | COM | 824348106 | $2.9M | 8,864 | 1.4% |
| Spdr Gold TR(GLD) | GOLD SHS | 78463V107 | $2.7M | 6,700 | 1.3% |
| Alexanders Inc(ALX) | COM | 014752109 | $2.6M | 12,040 | 1.3% |
| Frontline PLC(FRO) | COM | M46528101 | $2.4M | 109,319 | 1.2% |
| Talen Energy Corp(TLN) | COM | 87422Q109 | $2.2M | 5,760 | 1.0% |
| Hafnia LTD(HAFN) | SHS | Y2990R101 | $2.2M | 404,306 | 1.0% |
| Eagle Matls Inc(EXP) | COM | 26969P108 | $1.9M | 9,050 | 0.9% |
| DHT Holdings Inc(DHT) | SHS NEW | Y2065G121 | $1.8M | 146,793 | 0.9% |
| Cmb.tech NV(CMBT) | SHS | B38564108 | $1.8M | 184,253 | 0.9% |
| NET Lease Office Properties(NLOP) | COM | 64110Y108 | $1.8M | 68,027 | 0.9% |
| Nucor Corp(NUE)Put | COM | 670346105 | $1.6M | 10,000 | 0.8% |
| Scorpio Tankers Inc(STNG) | SHS | Y7542C130 | $1.4M | 28,044 | 0.7% |
| Teekay Tankers LTD(TNK) | CL A | G8726X106 | $1.2M | 23,073 | 0.6% |
| Transocean LTD(RIG) | REGISTERED SHS | H8817H100 | $1.2M | 289,877 | 0.6% |
| KKR & Co Inc(KKR) | COM | 48251W104 | $1.2M | 9,100 | 0.6% |
| Alpha Metallurgical Resour I(AMR) | COM | 020764106 | $1.1M | 5,584 | 0.5% |
| Olin Corp(OLN) | COM PAR $1 | 680665205 | $951.9K | 45,700 | 0.5% |
| Valaris LTD(VAL) | CL A | G9460G101 | $939.8K | 18,647 | 0.5% |
| Echostar Corp(SATS) | CL A | 278768106 | $934.8K | 8,600 | 0.5% |
| Westlake Corporation(WLK) | COM | 960413102 | $865.1K | 11,700 | 0.4% |
| Martin Marietta Matls Inc(MLM) | COM | 573284106 | $806.3K | 1,295 | 0.4% |
| Tsakos Energy Navigation LTD(TEN) | SHS | G9108L173 | $762.1K | 33,991 | 0.4% |
| Arcelormittal SA Luxembourg(MT) | NY REGISTRY SH | 03938L203 | $678.4K | 14,888 | 0.3% |
| Peabody Energy Corp(BTU) | COM | 704551100 | $675.9K | 22,757 | 0.3% |
| Danaos Corporation(DAC) | SHS | Y1968P121 | $670.5K | 7,119 | 0.3% |
| Seaport Entmt Group Inc(SEG) | COMMON STOCK | 812215200 | $638.6K | 32,300 | 0.3% |
| AIR Lease Corp(AL) | CL A | 00912X302 | $583.1K | 9,078 | 0.3% |
| Caesars Entertainment Inc NE(CZR) | COM | 12769G100 | $513.3K | 21,945 | 0.2% |
| Franco NEV Corp(FNV) | COM | 351858105 | $497.5K | 2,400 | 0.2% |
| Cmb.tech NV(CMBT)Call | SHS | B38564108 | $494.1K | 51,200 | 0.2% |