Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (38 quarters reported)
$48.6M in Q4 2016 → $469M 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 |
|---|---|---|---|---|
| SG Star Group LP | 9.3% | Unchanged | 3,400,907 | $43.7M |
| DE Devon Energy Corp New | 8.3% | Added 118% | 937,437 | $38.7M |
| Ovintiv Inc | 6.5% | Added 27% | 575,287 | $30.3M |
| HT Hudson Technologies Inc | 5.4% | Added 16% | 4,411,889 | $25.3M |
| Teekay Tankers Ltd | 4.5% | Added 74% | 321,844 | $20.9M |
| Cheniere Energy Inc | 3.8% | Trimmed 3.9% | 75,000 | $17.9M |
| Darling Ingredients Inc | 3.7% | Added 3050% | 315,000 | $17.2M |
| Venture Global Inc | 3.6% | Trimmed 14% | 1,500,000 | $16.7M |
| Nrg Energy Inc | 3.3% | Added 133% | 107,400 | $15.7M |
| Core Natural Resources Inc | 3.1% | Added 74% | 181,977 | $14.6M |
| Loews Corp | 3.0% | Added 35% | 124,907 | $14.1M |
| Methanex Corp | 2.6% | Added 23% | 263,859 | $12.2M |
| SS State Str SPDR S&P 500 ETF T | 2.2% | Added 3.0% | 13,760 | $10.3M |
| Precision Drilling Corp | 2.1% | Added 58% | 130,000 | $9.97M |
| Ardmore Shipping Corp | 2.0% | Added 31% | 672,899 | $9.43M |
| CE Cenovus Energy Inc | 1.9% | Trimmed 54% | 360,000 | $8.93M |
| Baytex Energy Corp | 1.8% | Added 115% | 2,150,000 | $8.62M |
| Dorian Lpg Ltd | 1.6% | New | 212,884 | $7.4M |
| Schmid Group N.v. | 1.6% | Added 8.5% | 1,342,500 | $7.38M |
| Global Partners LP | 1.4% | Trimmed 67% | 144,755 | $6.74M |
| JN Jbs N.v. | 1.4% | New | 550,000 | $6.52M |
| Excelerate Energy Inc | 1.2% | New | 149,294 | $5.67M |
| Bunge Global Sa | 1.1% | Added 191% | 49,447 | $5.28M |
| ET Energy Transfer L P | 1.1% | Added 73% | 260,000 | $4.97M |
| Iamgold Corp | 1.0% | Trimmed 46% | 311,000 | $4.92M |
| NH Navigator Hldgs Ltd | 1.0% | Added 3.5% | 249,830 | $4.65M |
| DU Delek Us Hldgs Inc New | 0.9% | New | 85,002 | $4.32M |
| Seadrill Ltd | 0.9% | Added 3.7% | 111,317 | $4.21M |
| Rf Acquisition Corp Iii | 0.8% | Unchanged | 380,000 | $3.8M |
| Vistra Corp | 0.7% | Trimmed 17% | 22,000 | $3.49M |
| SM Ssr Mining In | 0.7% | Added 92% | 115,000 | $3.25M |
| Kinross Gold Corp | 0.6% | Trimmed 34% | 126,000 | $2.98M |
| WM Western Midstream Partners L | 0.6% | New | 66,000 | $2.89M |
| Talen Energy Corp | 0.6% | Unchanged | 7,500 | $2.88M |
| Blue Moon Metals Inc | 0.6% | Unchanged | 420,000 | $2.66M |
| Oceanagold Corp | 0.6% | New | 104,000 | $2.6M |
| NP New Pac Metals Corp | 0.6% | Added 93% | 643,210 | $2.6M |
| Kirby Corp | 0.6% | Added 138% | 19,000 | $2.58M |
| TS Taiwan Semiconductor Manufac | 0.5% | New | 5,216 | $2.49M |
| Rice Acquisition Corp 3 | 0.5% | Unchanged | 240,000 | $2.4M |
| Knot Offshore Partners LP | 0.5% | Added 557% | 238,914 | $2.38M |
| Bp PLC | 0.5% | New | 62,800 | $2.32M |
| BM Barrick Mng Corp | 0.5% | Trimmed 43% | 60,000 | $2.2M |
| FN Franco Nev Corp | 0.4% | New | 10,000 | $2.08M |
| Transalta Corp | 0.4% | Added 50% | 150,000 | $2.07M |
| Shell PLC | 0.4% | Trimmed 5.7% | 25,000 | $1.94M |
| AS Arcelormittal Sa Luxembourg | 0.4% | Added 14% | 31,576 | $1.9M |
| Hudbay Minerals Inc | 0.4% | Added 296% | 79,263 | $1.87M |
| CM Coeur Mng Inc | 0.4% | Trimmed 4.3% | 110,000 | $1.8M |
| Tsakos Energy Navigation Ltd | 0.4% | Added 12% | 48,000 | $1.7M |
| Micron Technology Inc | 0.3% | New | 1,403 | $1.62M |
| Green Plains Inc | 0.3% | Added 352% | 103,940 | $1.6M |
| Star Bulk Carriers Corp. Put | 0.3% | New | 60,000 | $1.5M |
| Dauch Corp | 0.3% | Added 71% | 272,856 | $1.48M |
| Equinox Gold Corp | 0.3% | Trimmed 34% | 134,200 | $1.31M |
| CI Cf Industries Hold | 0.3% | Added 60% | 12,000 | $1.3M |
| VE Vaneck ETF Trust Put | 0.3% | Trimmed 54% | 2,450 | $1.18M |
| Futurefuel Corp | 0.3% | Unchanged | 260,000 | $1.18M |
| IE Invesco Exchange Traded Fd T | 0.2% | Trimmed 9.1% | 5,000 | $1.06M |
| Constellium Se | 0.2% | New | 32,700 | $1.04M |
Showing top 60 of 118 positions.
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended June 30, 2026 · filed August 12, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| DE Devon Energy Corp New | Added | +507,054 | +$21M | 8.3% |
| Darling Ingredients Inc | Added | +305,000 | +$16.7M | 3.7% |
| Global Partners LP | Trimmed | −297,000 | −$13.8M | 1.4% |
| OC Owens Corning New | Exited | −98,691 | −$10.7M | — |
| CE Cenovus Energy Inc | Trimmed | −430,000 | −$10.7M | 1.9% |
| Nrg Energy Inc | Added | +61,400 | +$8.97M | 3.3% |
| Teekay Tankers Ltd | Added | +136,382 | +$8.85M | 4.5% |
| Chord Energy Corporation | Exited | −56,031 | −$7.97M | — |
| Dorian Lpg Ltd | New | +212,884 | +$7.4M | 1.6% |
| Permian Resources Corp | Exited | −342,072 | −$7.29M | — |
Showing the 10 largest of 160 changes.
quarter ended March 31, 2026 · filed May 12, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Venture Global Inc | New | +1,739,221 | +$27.4M | 5.9% |
| Cheniere Energy Inc | Added | +74,069 | +$21M | 4.7% |
| DE Devon Energy Corp New | Added | +374,483 | +$18.8M | 4.6% |
| CE Cenovus Energy Inc | Added | +530,000 | +$14M | 4.5% |
| Methanex Corp | New | +214,859 | +$12.8M | 2.7% |
| Core Natural Resources Inc | New | +104,829 | +$11M | 2.4% |
| OC Owens Corning New | New | +98,691 | +$10.7M | 2.3% |
| Ovintiv Inc | Trimmed | −166,404 | −$9.88M | 5.8% |
| CA Century Alum Co | Trimmed | −166,688 | −$9.78M | 0.6% |
| SS State Str SPDR S&P 500 ETF T | New | +13,360 | +$8.69M | 1.9% |
Showing the 10 largest of 132 changes.
quarter ended December 31, 2025 · filed February 17, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Ovintiv Inc | New | +618,850 | +$24.3M | 8.8% |
| Teekay Tankers Ltd | Trimmed | −254,101 | −$13.6M | 2.9% |
| Halliburton Co | Exited | −472,000 | −$11.6M | — |
| BM Barrick Mng Corp | Added | +225,000 | +$9.8M | 4.7% |
| US United Sts Oil Fd LP | Exited | −125,000 | −$9.22M | — |
| Darling Ingredients Inc | Exited | −199,448 | −$6.16M | — |
| Nextera Energy Inc | New | +72,000 | +$5.78M | 2.1% |
| Digitalbridge Group Inc | Exited | −492,701 | −$5.76M | — |
| Baytex Energy Corp | New | +1,762,500 | +$5.7M | 2.1% |
| Methanex Corp | Exited | −134,470 | −$5.35M | — |
Showing the 10 largest of 97 changes.
quarter ended September 30, 2025 · filed November 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Eqt Corp | Exited | −236,757 | −$13.8M | — |
| Frontline PLC | Exited | −721,100 | −$11.8M | — |
| JN Jbs N.v. | Trimmed | −786,533 | −$11.7M | 3.8% |
| Halliburton Co | New | +472,000 | +$11.6M | 4.0% |
| Darling Ingredients Inc | Trimmed | −362,004 | −$11.2M | 2.1% |
| Loews Corp | Trimmed | −98,590 | −$9.9M | 1.9% |
| US United Sts Oil Fd LP | New | +125,000 | +$9.22M | 3.2% |
| Warrior Met Coal Inc | Exited | −189,698 | −$8.69M | — |
| Coterra Energy Inc | Exited | −324,549 | −$8.24M | — |
| S2 Seadrill 2021 Ltd | Exited | −300,300 | −$7.88M | — |
Showing the 10 largest of 101 changes.
quarter ended June 30, 2025 · filed August 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Teekay Tankers Ltd | New | +539,913 | +$22.5M | 6.3% |
| JN Jbs N.v. | New | +1,522,974 | +$22.3M | 6.3% |
| Darling Ingredients Inc | Added | +531,452 | +$20.2M | 6.0% |
| Loews Corp | New | +154,350 | +$14.1M | 4.0% |
| Frontline PLC | Trimmed | −751,120 | −$12.3M | 3.3% |
| Noble Corp PLC | Exited | −425,000 | −$10.1M | — |
| Methanex Corp | New | +268,939 | +$8.9M | 2.5% |
| OG O-i Glass Inc | New | +527,442 | +$7.77M | 2.2% |
| Veren Inc | Exited | −1,125,000 | −$7.45M | — |
| UP Union Pac Corp | Exited | −28,904 | −$6.83M | — |
Showing the 10 largest of 75 changes.
quarter ended March 31, 2025 · filed May 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| HT Hudson Technologies Inc | New | +3,573,142 | +$22M | 7.9% |
| Vistra Corp | Exited | −143,400 | −$19.8M | — |
| ET Energy Transfer L P | Exited | −821,000 | −$16.1M | — |
| Lithium Argentina Ag | New | +14,489,000 | +$11.9M | 4.3% |
| Kosmos Energy Ltd | New | +15,000,000 | +$11.5M | 4.2% |
| Eqt Corp | New | +204,672 | +$10.9M | 3.9% |
| Expand Energy Corporation | Added | +76,985 | +$8.57M | 5.6% |
| Smurfit Westrock PLC | Exited | −157,299 | −$8.47M | — |
| US United States Stl Corp New | Trimmed | −162,989 | −$6.89M | 1.4% |
| UP Union Pac Corp | New | +28,904 | +$6.83M | 2.5% |
Showing the 10 largest of 81 changes.
quarter ended December 31, 2024 · filed February 12, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| ZI Zim Integrated Shipping Serv | Trimmed | −534,750 | −$147M | 0.5% |
| CE Chesapeake Energy Corp | Exited | −370,000 | −$30.4M | — |
| Expand Energy Corporation | Trimmed | −284,158 | −$28.3M | 2.3% |
| Scorpio Tankers Inc | Exited | −389,600 | −$27.8M | — |
| Talen Energy Corp | Exited | −114,500 | −$20.4M | — |
| SS SPDR Ser Tr | Exited | −150,000 | −$19.7M | — |
| ET Energy Transfer L P | New | +821,000 | +$16.1M | 6.0% |
| Dht Holdings Inc | Exited | −1,153,300 | −$12.7M | — |
| Frontline PLC | Added | +878,885 | +$12.5M | 5.6% |
| Teck Resources Ltd | Trimmed | −286,756 | −$11.6M | 3.9% |
Showing the 10 largest of 84 changes.
quarter ended September 30, 2024 · filed November 13, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| CE Chesapeake Energy Corp | New | +370,000 | +$30.4M | 7.0% |
| Vistra Corp | Trimmed | −205,650 | −$24.4M | 4.5% |
| Cheniere Energy Inc | Exited | −127,000 | −$22.2M | — |
| Talen Energy Corp | New | +114,500 | +$20.4M | 4.7% |
| SS SPDR Ser Tr | New | +150,000 | +$19.7M | 4.5% |
| ZI Zim Integrated Shipping Serv | New | +540,000 | +$13.9M | 3.2% |
| Dht Holdings Inc | New | +1,153,300 | +$12.7M | 2.9% |
| SE Southwestern Energy Co | Exited | −1,728,000 | −$11.6M | — |
| Teck Resources Ltd | Trimmed | −171,576 | −$8.96M | 6.6% |
| Scorpio Tankers Inc | Trimmed | −122,400 | −$8.73M | 6.4% |
Showing the 10 largest of 81 changes.
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