Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (53 quarters reported)
$815M in Q2 2013 → $2.81B now. Hover for any quarter.
As reported for the quarter ended June 30, 2026. Activity is the change in share count since the prior quarter's filing.
| Holding | % of portfolio | Activity | Shares | Value |
|---|---|---|---|---|
| IT Ishares Tr Put | 17.5% | New | 1,437,500 | $493M |
| T1 Energy Inc | 11.8% | Unchanged | 34,968,169 | $331M |
| SE Solaris Energy Infras Inc | 7.2% | Added 44% | 2,519,604 | $203M |
| Atlas Energy Solutions Inc | 3.9% | Trimmed 28% | 6,540,322 | $109M |
| NE National Energy Services Reu | 3.3% | Trimmed 27% | 3,102,538 | $92.9M |
| Constellium Se | 2.7% | Trimmed 2.3% | 2,421,349 | $77.2M |
| Murphy Oil Corp | 2.6% | New | 2,250,000 | $73.3M |
| PH Propetro Hldg Corp | 2.3% | New | 4,574,591 | $65.6M |
| Baker Hughes Company | 2.3% | New | 1,149,014 | $63.8M |
| OP Occidental Pete Corp | 2.0% | Added 152% | 1,138,000 | $55.3M |
| Patterson-uti Energy Inc | 1.9% | New | 5,921,072 | $54.4M |
| Venture Global Inc | 1.8% | New | 4,500,000 | $50.1M |
| Fuelcell Energy Inc | 1.7% | New | 1,365,900 | $49.2M |
| CN Cleveland-cliffs Inc New | 1.7% | New | 5,113,625 | $48M |
| Core Natural Resources Inc | 1.7% | Added 18% | 589,633 | $47.2M |
| NS Norfolk Southn Corp | 1.6% | New | 145,000 | $45.6M |
| PI Powell Inds Inc | 1.6% | Added 297% | 158,899 | $45.5M |
| Vista Energy S.a.b. De C.v. | 1.6% | Added 30% | 705,720 | $45M |
| Sable Offshore Corp | 1.6% | Added 7.4% | 14,448,741 | $44.5M |
| OD Old Dominion Freight Line In | 1.5% | Trimmed 35% | 200,000 | $43.3M |
| CA Century Alum Co | 1.5% | Trimmed 42% | 900,000 | $41.4M |
| Asp Isotopes Inc | 1.5% | Trimmed 5.1% | 6,561,754 | $40.8M |
| EL Eaglerock Ld LLC | 1.4% | New | 1,858,313 | $39.5M |
| CN Canadian Natl Ry Co | 1.4% | New | 325,000 | $38.7M |
| Sm Energy Company | 1.3% | Added 108% | 1,448,061 | $37.8M |
| Cactus Inc | 1.3% | Trimmed 5.1% | 726,675 | $37.2M |
| Methanex Corp | 1.3% | New | 791,123 | $36.5M |
| Kirby Corp | 1.3% | Trimmed 43% | 265,609 | $36.1M |
| Nextpower Inc | 1.2% | Trimmed 42% | 280,000 | $33.4M |
| Matson Inc | 1.2% | Trimmed 15% | 170,724 | $32.8M |
| E Erock Inc | 1.0% | New | 1,900,000 | $27.6M |
| Nabors Industries Ltd | 0.9% | New | 315,000 | $26.5M |
| Precision Drilling Corp | 0.9% | Trimmed 5.1% | 333,371 | $25.6M |
| Star Bulk Carriers Corp. | 0.9% | New | 962,500 | $24M |
| Forgent Power Solutions Inc | 0.8% | Trimmed 78% | 424,476 | $23.7M |
| Northern Oil & Gas Inc | 0.8% | New | 1,250,000 | $22.7M |
| Talos Energy Inc | 0.8% | New | 1,747,661 | $22.6M |
| FH Flowco Hldgs Inc | 0.8% | Trimmed 20% | 1,020,634 | $21.8M |
| TT Tetra Technologies Inc Del | 0.8% | Trimmed 41% | 1,900,000 | $21.5M |
| Phillips 66 | 0.8% | Trimmed 59% | 124,833 | $21.1M |
| LS Landstar Sys Inc | 0.7% | New | 100,000 | $20.7M |
| W Wabtec | 0.7% | New | 75,000 | $20.2M |
| RE Ranger Energy Svcs Inc | 0.7% | Trimmed 19% | 1,227,978 | $19.7M |
| Fervo Energy Co | 0.6% | New | 625,070 | $18.3M |
| IN Innio Nv | 0.6% | New | 460,000 | $18.2M |
| Rxo Inc | 0.6% | New | 610,755 | $16.9M |
| QS Quanta Svcs Inc | 0.5% | Trimmed 67% | 20,000 | $14.4M |
| OE Okeanis Eco Tankers Cor | 0.4% | Trimmed 41% | 222,197 | $11.1M |
| DE Devon Energy Corp New | 0.4% | Trimmed 49% | 264,101 | $10.9M |
| Cmb.tech Nv | 0.2% | Trimmed 90% | 334,456 | $4.68M |
| NH Navigator Hldgs Ltd | 0.1% | Trimmed 81% | 200,000 | $3.73M |
| Bimergen Energy Corp | 0.1% | Unchanged | 700,000 | $2.85M |
| Bimergen Energy Corp | 0.1% | Unchanged | 1,000,000 | $1.9M |
| T1 Energy Inc | 0.0% | Unchanged | 355,465 | $67.5K |
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended June 30, 2026 · filed August 14, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IT Ishares Tr | New | +1,437,500 | +$493M | 17.5% |
| Cheniere Energy Inc | Exited | −1,556,100 | −$442M | — |
| SS SPDR Series Trust | Exited | −1,390,000 | −$253M | — |
| LI Lyondellbasell Industries Nv | Exited | −1,274,000 | −$103M | — |
| Baytex Energy Corp | Exited | −20,071,614 | −$89.7M | — |
| Forgent Power Solutions Inc | Trimmed | −1,501,223 | −$83.9M | 0.8% |
| Murphy Oil Corp | New | +2,250,000 | +$73.3M | 2.6% |
| PH Propetro Hldg Corp | New | +4,574,591 | +$65.6M | 2.3% |
| Baker Hughes Company | New | +1,149,014 | +$63.8M | 2.3% |
| AI Almonty Inds Inc | Exited | −4,300,839 | −$62.3M | — |
Showing the 10 largest of 79 changes.
quarter ended March 31, 2026 · filed May 15, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Cheniere Energy Inc | New | +1,556,100 | +$442M | 13.2% |
| SS SPDR Series Trust | New | +1,390,000 | +$253M | 7.6% |
| OP Occidental Pete Corp | Exited | −5,565,200 | −$229M | — |
| UA United Airls Hldgs Inc | Exited | −1,167,000 | −$130M | — |
| Atlas Energy Solutions Inc | New | +9,135,182 | +$120M | 3.6% |
| Diamondback Energy Inc | Exited | −746,343 | −$112M | — |
| LI Lyondellbasell Industries Nv | New | +1,274,000 | +$103M | 3.1% |
| CA Century Alum Co | Added | +1,051,525 | +$61.7M | 2.7% |
| NE National Energy Services Reu | Trimmed | −2,841,895 | −$61M | 2.7% |
| OD Old Dominion Freight Line In | New | +310,061 | +$60.6M | 1.8% |
Showing the 10 largest of 79 changes.
quarter ended December 31, 2025 · filed February 17, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| AE Ark ETF Tr | Exited | −6,922,500 | −$597M | — |
| OP Occidental Pete Corp | New | +5,565,200 | +$229M | 9.3% |
| T1 Energy Inc | Added | +21,504,901 | +$144M | 9.5% |
| UA United Airls Hldgs Inc | New | +1,167,000 | +$130M | 5.3% |
| Diamondback Energy Inc | New | +746,343 | +$112M | 4.6% |
| First Solar Inc | Exited | −421,026 | −$92.8M | — |
| Uranium Energy Corp | Exited | −6,769,688 | −$90.3M | — |
| WC Williams Cos Inc | Exited | −1,298,275 | −$82.2M | — |
| Kirby Corp | Trimmed | −736,566 | −$81.2M | 2.9% |
| KG Kodiak Gas Svcs Inc | Exited | −1,736,009 | −$64.2M | — |
Showing the 10 largest of 78 changes.
quarter ended September 30, 2025 · filed November 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| AE Ark ETF Tr | New | +6,922,500 | +$597M | 21.0% |
| N Nextracker Inc | Trimmed | −1,728,194 | −$128M | 3.1% |
| Enphase Energy Inc | Exited | −2,709,700 | −$107M | — |
| FN Fluor Corp New | Exited | −2,091,170 | −$107M | — |
| Expand Energy Corporation | Exited | −799,646 | −$93.5M | — |
| WC Williams Cos Inc | New | +1,298,275 | +$82.2M | 2.9% |
| Vistra Corp | Exited | −400,000 | −$77.5M | — |
| Csx Corp | Trimmed | −2,128,683 | −$75.6M | 0.4% |
| Vistra Corp | Exited | −375,000 | −$72.7M | — |
| Eqt Corp | Exited | −1,099,379 | −$64.1M | — |
Showing the 10 largest of 83 changes.
quarter ended June 30, 2025 · filed August 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Enphase Energy Inc | New | +2,709,700 | +$107M | 3.9% |
| FN Fluor Corp New | New | +2,091,170 | +$107M | 3.9% |
| Csx Corp | New | +2,426,432 | +$79.2M | 2.9% |
| Vistra Corp | New | +400,000 | +$77.5M | 2.8% |
| Ge Vernova Inc | Exited | −252,140 | −$77M | — |
| Diamondback Energy Inc | Exited | −471,944 | −$75.5M | — |
| Veren Inc | Exited | −10,789,335 | −$71.5M | — |
| Hf Sinclair Corp | New | +1,714,618 | +$70.4M | 2.6% |
| Ovintiv Inc | Exited | −1,635,482 | −$70M | — |
| Cameco Corp | New | +899,650 | +$66.8M | 2.4% |
Showing the 10 largest of 91 changes.
quarter ended March 31, 2025 · filed May 15, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| EM Exxon Mobil Corp | Exited | −2,740,400 | −$295M | — |
| TN Tidewater Inc New | Exited | −1,582,328 | −$86.6M | — |
| Ge Vernova Inc | New | +252,140 | +$77M | 2.9% |
| DE Devon Energy Corp New | New | +1,699,493 | +$63.6M | 2.4% |
| Freeport-mcmoran Inc | New | +1,642,421 | +$62.2M | 2.4% |
| Eqt Corp | Exited | −1,293,152 | −$59.6M | — |
| GC Greenbrier Cos Inc | Exited | −930,236 | −$56.7M | — |
| Magnolia Oil & Gas Corp | New | +2,130,595 | +$53.8M | 2.1% |
| Valero Energy Corp | New | +378,330 | +$50M | 1.9% |
| CN Canadian Natl Ry Co | New | +500,000 | +$48.7M | 1.9% |
Showing the 10 largest of 87 changes.
quarter ended December 31, 2024 · filed February 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| EM Exxon Mobil Corp | New | +2,740,400 | +$295M | 11.1% |
| Constellation Energy Corp | Exited | −351,273 | −$91.3M | — |
| PB Petroleo Brasileiro Sa Petro | Exited | −5,970,170 | −$86M | — |
| NE National Energy Services Reu | New | +8,829,032 | +$79.1M | 3.0% |
| Expand Energy Corporation | Added | +714,110 | +$71.1M | 3.8% |
| CE Consol Energy Inc New | Exited | −634,064 | −$66.4M | — |
| KG Kodiak Gas Svcs Inc | New | +1,619,458 | +$66.1M | 2.5% |
| Conocophillips | Trimmed | −629,636 | −$62.4M | 0.5% |
| Eqt Corp | New | +1,293,152 | +$59.6M | 2.2% |
| N Nextracker Inc | New | +1,524,497 | +$55.7M | 2.1% |
Showing the 10 largest of 76 changes.
quarter ended September 30, 2024 · filed November 14, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Constellation Energy Corp | Added | +301,273 | +$78.3M | 4.4% |
| CE Consol Energy Inc New | New | +634,064 | +$66.4M | 3.2% |
| Baker Hughes Company | New | +1,806,686 | +$65.3M | 3.2% |
| Matson Inc | Exited | −356,416 | −$46.7M | — |
| Alcoa Corp | Added | +1,188,890 | +$45.9M | 4.0% |
| N Nextracker Inc | Exited | −890,962 | −$41.8M | — |
| TN Tidewater Inc New | Added | +574,095 | +$41.2M | 4.7% |
| W Wabtec | New | +225,000 | +$40.9M | 2.0% |
| Vistra Corp | Added | +313,972 | +$37.2M | 3.5% |
| SE Southwestern Energy Co | New | +5,193,245 | +$36.9M | 1.8% |
Showing the 10 largest of 73 changes.
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