Q3 2025 Holdings
Filed 2025-11-10 | 42 holdings | $830.9M | 13F-HR | View on SEC ↗ · Holdings Table ↗
Sign in to see sub-manager breakdown
| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Cameco Corp(CCJ) | COM | 13321L108 | $54.4M | 648,289 | 6.5% |
| Range RES Corp(RRC) | COM | 75281A109 | $53.1M | 1,411,151 | 6.4% |
| Seadrill LTD(SDRL) | COM | G7997W102 | $51.2M | 1,695,114 | 6.2% |
| Centrus Energy Corp(LEU) | CL A | 15643U104 | $49.9M | 160,987 | 6.0% |
| Nutrien LTD(NTR) | COM | 67077M108 | $45.8M | 780,238 | 5.5% |
| Valaris LTD(VAL) | CL A | G9460G101 | $44.0M | 902,440 | 5.3% |
| Alamos Gold Inc New(AGI) | COM CL A | 011532108 | $40.9M | 1,173,417 | 4.9% |
| Sibanye Stillwater LTD(SBSW) | SPONSORED ADR | 82575P107 | $37.8M | 3,360,030 | 4.5% |
| EQT Corp(EQT) | COM | 26884L109 | $32.4M | 594,638 | 3.9% |
| Canadian NAT RES LTD(CNQ) | COM | 136385101 | $32.2M | 1,004,981 | 3.9% |
| Noble Corp PLC(NE) | ORD SHS A | G65431127 | $30.6M | 1,081,635 | 3.7% |
| Antero Resources Corp(AR) | COM | 03674X106 | $27.7M | 823,946 | 3.3% |
| Equinox Gold Corp(EQX) | COM | 29446Y502 | $25.3M | 2,252,347 | 3.0% |
| Core Natural Resources Inc(CNR) | COM SHS | 218937100 | $23.8M | 285,352 | 2.9% |
| Uranium Energy Corp(UEC) | COM | 916896103 | $23.1M | 1,729,235 | 2.8% |
| Ivanhoe Electric Inc(IE) | COM | 46578C108 | $21.3M | 1,697,189 | 2.6% |
| Energy Fuels Inc(UUUU) | COM NEW | 292671708 | $17.9M | 1,167,341 | 2.2% |
| Skeena RES LTD New(SKE) | COM | 83056P715 | $16.1M | 874,822 | 1.9% |
| Mosaic Co New(MOS) | COM | 61945C103 | $14.9M | 428,210 | 1.8% |
| Matador RES Co(MTDR) | COM | 576485205 | $12.9M | 288,212 | 1.6% |
| Nexgen Energy LTD(NXE) | COM | 65340P106 | $12.9M | 1,442,255 | 1.6% |
| Orla MNG LTD New(ORLA) | COM | 68634K106 | $12.8M | 1,182,704 | 1.5% |
| Alpha Metallurgical Resour I(AMR) | COM | 020764106 | $12.2M | 74,436 | 1.5% |
| Expand Energy Corporation(EXE) | COM | 165167735 | $11.8M | 110,801 | 1.4% |
| Hudbay Minerals Inc(HBM) | COM | 443628102 | $11.7M | 773,564 | 1.4% |
| Oceaneering Intl Inc(OII) | COM | 675232102 | $11.5M | 466,058 | 1.4% |
| Denison Mines Corp(DNN) | COM | 248356107 | $10.3M | 3,753,145 | 1.2% |
| Novagold RES Inc(NG) | COM NEW | 66987E206 | $10.1M | 1,142,489 | 1.2% |
| Diamondback Energy Inc(FANG) | COM | 25278X109 | $10.0M | 69,832 | 1.2% |
| PAN Amern Silver Corp(PAAS) | COM | 697900108 | $9.6M | 248,080 | 1.2% |
| Freeport-Mcmoran Inc(FCX) | CL B | 35671D857 | $8.8M | 225,436 | 1.1% |
| Caledonia MNG Corp PLC(CMCL) | SHS NEW | G1757E113 | $8.5M | 234,065 | 1.0% |
| Comstock RES Inc(CRK) | COM | 205768302 | $8.1M | 409,788 | 1.0% |
| Intrepid Potash Inc(IPI) | COM | 46121Y201 | $6.4M | 208,232 | 0.8% |
| Civitas Resources Inc(CIVI) | COM NEW | 17888H103 | $6.3M | 193,140 | 0.8% |
| Schlumberger LTD(SLB) | COM STK | 806857108 | $6.2M | 181,807 | 0.8% |
| Ur-Energy Inc(URG) | COM | 91688R108 | $5.9M | 3,292,797 | 0.7% |
| Encore Energy Corp(EU) | COM NEW | 29259W700 | $3.7M | 1,165,336 | 0.5% |
| Triple Flag Precious Metal(TFPM) | COM | 89679M104 | $2.9M | 100,724 | 0.4% |
| Trilogy Metals Inc New(TMQ) | COM | 89621C105 | $2.8M | 1,338,321 | 0.3% |
| Borr Drilling LTD(BORR) | SHS | G1466R173 | $2.8M | 1,042,699 | 0.3% |
| Tidewater Inc New(TDW) | COM | 88642R109 | $208.7K | 3,914 | 0.0% |