Q4 2025 Holdings
Filed 2026-02-17 | 21 holdings | $217.9M | 13F-HR/A | View on SEC ↗ · Holdings Table ↗
Amended (2026-03-03) | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Antero Resources Corp(AR)A | COM | 03674X106 | $24.5M | 711,300 | 11.2% |
| Okeanis ECO Tankers COR(ECO)A | SHS | Y64177101 | $18.7M | 555,247 | 8.6% |
| Range RES Corp(RRC)A | COM | 75281A109 | $17.9M | 508,430 | 8.2% |
| Teekay Tankers LTD(TNK)A | CL A | G8726X106 | $17.9M | 334,894 | 8.2% |
| Petroleo Brasileiro SA Petro(PBR)A | SPONSORED ADR | 71654V408 | $17.6M | 1,484,400 | 8.1% |
| Bristow Group Inc(VTOL)A | COM | 11040G103 | $16.9M | 462,634 | 7.8% |
| SM Energy Co(SM)A | COM | 78454L100 | $16.4M | 875,900 | 7.5% |
| Expand Energy Corporation(EXE)A | COM | 165167735 | $12.1M | 109,970 | 5.6% |
| Star Bulk Carriers Corp.(SBLK)A | SHS PAR | Y8162K204 | $11.1M | 577,316 | 5.1% |
| Cmb.tech NV(CMBT)A | SHS | B38564108 | $10.3M | 1,065,737 | 4.7% |
| SLB Limited(SLB)A | COM STK | 806857108 | $8.6M | 223,400 | 3.9% |
| Permian Resources Corp(PR)A | CLASS A COM | 71424F105 | $7.2M | 511,400 | 3.3% |
| Frontline PLC(FRO)A | COM | M46528101 | $7.0M | 317,291 | 3.2% |
| International Seaways Inc(INSW)A | COM | Y41053102 | $6.3M | 128,900 | 2.9% |
| BW LPG LTD(BWLP)A | COM | Y10230103 | $5.4M | 411,660 | 2.5% |
| Safe Bulkers Inc(SB)A | COM | Y7388L103 | $5.1M | 1,060,598 | 2.3% |
| Torm PLC(TRMD)A | SHS CL A | G89479102 | $4.0M | 202,849 | 1.9% |
| PAN Amern Silver Corp(PAAS)A | COM | 697900108 | $3.3M | 62,900 | 1.5% |
| Hafnia LTD(HAFN)A | SHS | Y2990R101 | $3.2M | 590,368 | 1.5% |
| SFL Corporation LTD(SFL)A | SHS | G7738W106 | $2.6M | 332,400 | 1.2% |
| Tenaris S A(TS) | SPONSORED ADS | 88031M109 | $1.8M | 48,000 | 0.8% |